AI Summary
✦ ClarthaGokaldas Exports is an apparel manufacturer serving international brands and retailers. Fashion wear, outerwear, and bottom wear anchor its garment portfolio, alongside casualwear and sportswear. Exports to about 50 countries provide the company’s geographic reach. Attention following the India-UK CETA could support future order growth, though the 3.2% revenue increase remains modest. Margin improvement indicates better operating conversion despite a 36.8% profit decline. ROE is only 4.7%, while 58.93x debt-to-equity materially magnifies leverage impact on shareholder returns. At 61.3x earnings, the stock appears rich and trades at a premium to current growth. The key open question is whether CETA-related export opportunities can offset leverage, weak earnings momentum, and execution risk.
Valuation Metrics
Trading 4.1% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.27). Confidence: 86%.
Live forward EPS implies next-12-month EPS of ₹38.50. Applying the stock's normalized valuation corridor produces a fair range of ₹2,281.12 to ₹2,698.85, with base value near ₹2,463.23 (+209.4% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹38.50
Forward P/E
20.7x
Base Fair Value
₹2,463.23
Fair Range
₹2,281.12 - ₹2,698.85
Upside To Base
+209.4%
Estimate Source
Live forward EPS
Growth Estimate
-34.6%
5Y Average
49.93
Current
61.35
Overvalued
70.10
Undervalued
59.25
5Y Average
16.39
Current
19.91
Overvalued
21.39
Undervalued
9.62
5Y Average
2.66
Current
2.70
Overvalued
3.06
Undervalued
2.26
Peers & Comparison
Sector: Consumer Discretionary · Theme: Apparel & Accessories
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
CAMPUS ACTIVEWEAR LIMITED CAMPUSApparel & Accessories | +12.2% | 8.5% | 45.2x Fair | +13% vs avg | -13.5% |
ARVIND LIMITED ARVINDApparel & Accessories | +15.0% | 4.4% | 34.8x Fair | -13% vs avg | +89.3% |
PEARL GLOBAL IND LIMITED PGILApparel & Accessories | +24.5% | 5.8% | 40.4x Fair | +1% vs avg | +91.1% |
GOKALDAS EXPORTS LTD. trades at a premium (60.6x vs peer avg 40.1x), implying higher growth or quality expectations from the Apparel & Accessories cohort. Peers include CAMPUS ACTIVEWEAR LIMITED, ARVIND LIMITED, PEARL GLOBAL IND LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹695 CrMar 2026Latest net profit
₹63 CrMar 2026Latest EPS
₹8.66Mar 2026Net margin
14.0%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 523 | 514 | 497 | 545 | 583 | 564 | 632 | 625 | 655 | 638 | 688 | 672 | 695 |
| Expenses + | 453 | 454 | 447 | 479 | 504 | 512 | 573 | 560 | 586 | 576 | 621 | 616 | 600 |
| Operating Profit | 70 | 61 | 50 | 65 | 79 | 52 | 59 | 65 | 69 | 62 | 66 | 56 | 96 |
| OPM % | 13% | 12% | 10% | 12% | 14% | 9% | 9% | 10% | 10% | 10% | 10% | 8% | 14% |
| Other Income + | 9 | 11 | 12 | 12 | 9 | 17 | 25 | 26 | 33 | 32 | 30 | 31 | 30 |
| Interest | 7 | 5 | 5 | 5 | 8 | 6 | 4 | 5 | 5 | 9 | 8 | 9 | 10 |
| Depreciation | 19 | 18 | 19 | 20 | 21 | 18 | 19 | 20 | 20 | 24 | 26 | 29 | 20 |
| Profit before tax | 53 | 48 | 38 | 53 | 59 | 45 | 60 | 65 | 76 | 61 | 62 | 49 | 96 |
| Tax % | 7% | 25% | 18% | 26% | 1% | 19% | 13% | 24% | 30% | 21% | 14% | 19% | 34% |
| Net Profit + | 49 | 36 | 31 | 39 | 58 | 36 | 53 | 49 | 53 | 48 | 53 | 39 | 63 |
| EPS in Rs | 8.13 | 5.87 | 5.11 | 6.44 | 9.23 | 5.13 | 7.37 | 6.91 | 7.39 | 6.56 | 7.25 | 5.39 | 8.66 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Board Meeting Intimation for Considering Un-Audited Financial Results For The Quarter Ended June 30, 2026.
Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting