Gokaldas Exports Limited (GOKEX.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-689.6%

-₹4,196.27

vs ₹711.70 price

Levered DCF

-₹5,584.90

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	42.32×	37.14×	34.99×	12.45×	17.52×	12.63×	4.58×	15.09×
P/B	1.96×	2.95×	3.55×	2.44×	3.46×	1.63×	0.87×	2.31×
P/S	1.06×	1.67×	2.04×	0.97×	1.37×	0.41×	0.15×	0.51×
EV / EBITDA	12.39×	16.08×	19.45×	7.62×	12.18×	8.7×	5.34×	78.54×
Gross margin	13.6%	43.1%	45.6%	46.5%	47.9%	44.3%	43.2%	9.9%
Operating margin	4.2%	1.1%	1.3%	8.7%	2.1%	4.3%	-4.2%	-0.7%
Net margin	2.5%	4.3%	5.8%	7.8%	6.5%	2.3%	2.3%	2.4%
Current ratio	1.5×	1.89×	1.37×	2.54×	2.12×	0.95×	0.85×	0.93×
Debt / equity	0.59×	0.41×	0.62×	0.17×	0.27×	1.65×	1.95×	1.58×
Interest coverage	1.77×	0.54×	0.82×	7.48×	0.96×	1.46×	-1.49×	-0.23×
Dividend yield	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	4.6%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.6%	7.6%	10.1%	19.5%	16.5%	9.1%	13.4%	10.6%
Return on invested capital	2.8%	1.0%	1.2%	15.4%	4.2%	6.5%	-8.2%	-1.2%
Return on assets	2.3%	4.5%	4.8%	12.9%	9.7%	2.7%	3.3%	3.2%
Free cash flow yield	-5.6%	-2.2%	-18.9%	10.8%	1.5%	17.4%	30.8%	4.8%
Earnings yield	2.4%	2.6%	2.9%	8.0%	4.8%	5.6%	15.4%	4.6%
Enterprise value	₹53.7B	₹68.2B	₹53.3B	₹23B	₹26.3B	₹9.4B	₹6.3B	₹9.3B
Net debt / EBITDA	2.62×	1.6×	2.74×	0.46×	0.83×	4.3×	3.66×	31.34×
Cash conversion cycle (days)	111	131	193	92	156	164	141	180