Gokaldas Exports Ltd. is one of the largest manufacturer and exporter of apparels in India with an annual turnover of US$200 Million?

It is the one-stop shop for the world’s most acclaimed brands.
#gokaldas #textile #gokex
1) GEXP is maintaining a healthy order book for FY22. The US continues to be its largest market where monthly apparel retail sales for CYTD 2021 is 6 % higher than pre-covid 2019 level and Online sales of clothing and accessories for the period is higher by 41%.
2)The resurgence of the pandemic in China, Vietnam and EU impose additional constraints on global supply chain and presents an opportunity for India.
3)The GOI is coming up with a strong support for Indian textile industry by announcing a stable policy regime, a new PLI scheme, establishing 7 new integrated textile parks on plug and play model over next 3 years and initiating discussions with several countries for FTA.
4)These are expected to maintain a healthy industry momentum that will benefit the co. for disproportional growth going ahead.
5)Capacity Expansion plans:
i)Two new plants will be operational and ramp up production in the next 2 quarters. These plants will contribute Rs.1.6 Billion to the topline following the full ramp up.
ii)New Greenfield plan in MP will be commissioned by beginning of FY23 and will contribute Rs.1.5 bn in revenue in phase 1 and an additional Rs. 1.5 bn in phase 2.
iii) Exploring a new plant in TN: This plant will be on a lease basis. No timeline given by the management. It is expected to contribute Rs 500-600 mn to revenue when production begins.
iv)Exploring a new country for expansion. GEXP is considering Bangladesh for the same. The management will take a call on the same before the end of FY22. Additionally the company is exploring a knits unit and will finalise the same by FY22-end
v)Capex of Rs 3.4 billion planned over the next 3 years. This includes the existing expansion, MP, TN & Bangladesh.
Revenue stood at Rs 4.44 billion growing 84.2% QoQ & 29.8% YoY. With a strong order book, GEXP managed the production value chain well by increasing people availability, improving productivity and on-time shipments.
7)The co. continued to focus on strengthening the order book position ensuring revenue sustainability for the subsequent quarters as well. Exports revenue grew by 34.6% YoY and as indicated focus on export business will continue.
8)EBITDA was at Rs 539 million a growth of 170.5% QoQ & 62.9% YoY while EBITDA margins at 12.1% were better from 9.6% YoY & 8.2% QoQ. The management indicated increased focus on augmenting capacity (up by ~30%) while containing costs has helped deliver this growth.
9)The co. has recently concluded a QIP of Rs. 3bn @195. The proceeds will help to augment the capacity for disproportional future growth and the new capex of 3.4bn is capable of generating 4x asset turn with double digit operating margins.
10)The co. is well placed to benefit from China plus one strategy of global MNCs.

Follow @FinterestC for more!

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Finterest Capital

Finterest Capital Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @FinterestC

30 Oct

Steel Authority of India (SAIL) is the largest steel-making company in India and one of the seven Maharatna’s of the country’s Central Public Sector Enterprises?

The co. has posted excellent Q2 FY22 figures, follow a thread on the same.
#sail #fundamentalanalysis
1)Global Steel Scenario
Global steel demand is expected to increase by 4.5% in 2021 and 2.2% in 2022. China is set to see a negative growth in 2021
at -1% and no growth/deceleration in 2022.
The global growth rate excluding China is expected to be 11.5% in 2021 and 4.7% in 2022.
2)In the Emerging and Developing Economies excluding China, steel demand is expected to grow by 11% in 2021 and 5% in 2022. The developed economies are expected to see
growth in steel consumption at 12.2% in 2021
and 4.3% in 2022.
(Short Range Outlook Oct'21)
Read 10 tweets
8 Oct

Dixon Technologies Ltd. is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India?

Follow this extensive thread.

#dixon #stockmarkets #fundamentalanaysis
1)It is also a leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India.
As an ODM, it develops and designs products in-house at its R&D center.
2)It manufactures and supplies these products to well-known companies in India who in turn distribute these products under their own brands.
Read 14 tweets
6 Oct

The largest development center of Bosch Ltd. outside Germany is in India, for end to end engineering and technology solutions?
It is a flagship company of Robert Bosch Company in India.

#bosch #fundamentalanalysis #stockmarkets Image
1a)Business Areas:
Mobility: Whether for private or commercial vehicles, multimodal transportation services, fleet management, or smart transport infrastructure, Bosch brings together vehicle technology, the data cloud, and services to offer complete mobility solutions.
1b)At home: Bosch offers individual solutions for home to make life a bit easier every day.
Industry and trades: Bosch offers innovative products and services for industry and trades.
Read 9 tweets
3 Oct
Jubilant Ingrevia VS Laxmi Organics
Both related to the chemicals (specialty chemicals)

Extensive thread
#fundamentalanalysis #peercomparison #investing
1)Jubilant Ingrevia (JI) is global integrated life science products and innovative solutions provider owned by the Jubilant group.
Jubilant Ingrevia and Jubilant Pharmova were de-merged in FY21 from the single entity Jubilant Life Sciences.
2)Laxmi Organics (LO) is a specialty chemical manufacturer in Acetyl Intermediaries and specialty intermediaries.
Read 18 tweets
1 Oct

Globally, India is the third-largest consumer of polymers, fourth-largest producer of agrochemicals and sixth-largest producer of chemicals?

Follow a thread on the Chemical sector overview in India.

#chemicals #sectoranalysis
1)Covering more than 80,000 commercial products, India’s chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilisers.
2)The Indian chemicals industry stood at $ 178 bn in 2019 and is expected to reach $ 304 bn by 2025 registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% p.a. by 2025. The chemical industry is expected to contribute $ 300 bn to India’s GDP by 2025.
Read 11 tweets
3 Sep
Maithan Alloys Ltd., based in Kolkata is the largest producer and exporter of Manganese alloy in India. It caters 75% of the global steel demand.

Let us know the highlights of the company in this thread.
1)Ferro alloys enhance the strength, durability, anti-stain and anti-corrosion properties of steel, besides acting as a de-oxidant for steel manufacturing. Its product portfolio comprises- Ferro Manganese, Ferro Silicon and Silicon Manganese.
2)There are 3 manufacturing facilities: Kalyaneshwari (48.75 MVA), Vishakhapatnam SEZ (72.0 MVA) and Byrnihat (16.5 MVA). The company imports ore because of quality product and logistic advantage. It also gets the benefit of procuring a variety of grades for a better product mix
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!