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Gokak Textiles financials: balance sheet, profit and loss, cash flow

BSE: 532957Textiles & ApparelsSmall Cap

GOKAK TEXTILES LTD. · Face value ₹10 · Listed Mar 2008
Last close ₹57.51down ₹2.79 (4.63%)

Share price at the BSE close on 29 Oct 2026. Previous close ₹60.30.

29 Oct: open ₹58.01, high ₹60.78, low ₹55.36

52-week range of traded prices to 29 Oct 2026
₹51.00Low, 9 Sep 2026₹90.99High, 6 Nov 2025
Market cap
₹37 Cr3,560th largest listed
P/E
Lossover the last 12 months
P/B
Net worth zero or below
Dividend yield
Nonein the last 12 months
ROE
Net worth zero or below
ROCE
−1.1%
Debt to equity
Net worth zero or below
Volume, BSE
196

Gokak Textiles' financial statements for the 10 years to Mar 2026, consolidated: the company and its subsidiaries together, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.Gokak Textiles annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
83−31Mar 17177−38Mar 18179−33162Mar 19103−48197Mar 20111−38209Mar 21126−31250Mar 22846.3115Mar 23131−19268Mar 2498−43295Mar 2580−37288Mar 26
A loss in 9 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
15.2%−46.3%−21.3%−6.0%−6.0%−24.4%−10.9%−6.2%−17.1%11.1%15.0%15.2%−36.7%−21.4%−18.4%−46.3%−34.3%−25.0%7.4%−14.8%−43.4%−45.5%Mar 17Mar 19Mar 21Mar 23Mar 25Mar 26

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

The years either side of a change of basis do not compare. From the year to Mar 2024, the company's revenue for that year, ₹131 Cr, differs from its quarters added, ₹104 Cr.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

  1. Revenue80
  2. Materials and goods−23
  3. Employee costs−27
  4. Other expenses−19
  5. Operating profit12
  6. Depreciation−20
  7. Other income+2.6
  8. One-off items+5.5
  9. Finance costs−37
  10. Profit before tax−37
  11. Tax0.0
  12. Net profit−37

What the company owns

  • Plant, investments and other assets₹237 Cr
  • Inventory₹10 Cr
  • Receivables₹5 Cr
  • Cash and bank₹5 Cr

What pays for it: net worth and liabilities

  • Borrowings₹288 Cr
  • Owed to suppliers₹19 Cr

Gokak Textiles business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Gokak Textiles segment results by quarter

Revenue by segment

₹90 CrTotal
  • power₹52.5 Cr58.2% of total
  • textiles₹37.8 Cr41.8% of total

Profit by segment

  • power₹24.8 Cr100.0% of total

Segment results by year

Consolidated, ₹ crore, years to March.

  • power

    Revenue, ₹ crore
    Profit, ₹ crore

  • textiles

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue of all businesses––1201389214511090
Company revenue, as in its results179103111126841319880
Revenue––––––5053
Profit––––––1725
Margin––––––33.0%47.2%
Assets––––––214175
Liabilities––––––297341
Capital employed––––––−83−166
Revenue––10912483966038
Revenue––11141048––
Revenue––0−600––
Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.Gokak Textiles quarterly results

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 28 MayJun 2026Twelve monthsFiled 11 Aug
Revenue from operations8317717910311112684131988089
10118819012812313499117846871
Materials and goods bought521201226868795364362325
Employee costs26–333033312830272727
Other expenses22–363022241822211920
Operating profit before depreciation−18−11−11−25−12−8−1415151217
Operating margin−21.3%−6.0%−6.0%−24.4%−10.9%−6.2%−17.1%11.1%15.0%15.2%19.6%
Materials, % of revenue62.9%–68.0%66.3%61.1%62.7%63.1%49.2%36.6%28.4%28.3%
Employee costs, % of revenue31.4%–18.2%28.8%29.6%24.9%33.0%22.8%27.1%33.1%30.0%
Other expenses, % of revenue27.1%–19.9%29.3%20.2%18.7%21.0%16.9%21.3%23.3%22.0%
Depreciation and amortisation887776621202020
Operating profit after depreciation−26−18−18−32−19−14−20−6−5−8−2
Other income133852443532
Finance costs2623222021221026303736
Profit before one-off items and tax−39−37−33−48−38−31−27−29−31−42−36
One-off items000000339−1257
Profit before tax−39−37−33−48−38−316−19−43−37−29
−89000000000
−31−38−33−48−38−316−19−43−37−29
Other comprehensive income––100011111
Total comprehensive income––−32−48−38−317−19−42−36−28
Net margin−36.7%−21.4%−18.4%−46.3%−34.3%−25.0%7.4%−14.8%−43.4%−45.5%−32.9%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank. Belonging to the company's shareholders is left blank for the years to Mar 2018 and Mar 2019: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because the period is a loss, which leaves no share to compare with the company's other periods.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 28 May
−56−104−142−173−56−36−73−92
−56−95−129−158−42−23−56−75
Share capital66666666
Reserves−62−101−136−164−48−30−62−82
Belonging to outside owners of subsidiaries–−9−13−15−15−12−17−17
162197209250115268295288
153104118109104926580
6915416218455260280270
166155138120103317272258
114105958881278247231
5149433221342222
Net debt153184197240114260293283
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ croreMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 28 May
−38−7−4134316
−38−28−4144316
0−45−227−4
Receivables062−5182
Inventories020321
Payables0−131−19−7
Other working capital0111−11
Tax paid000−100
Interest paid0220000
Capital spending000021
Free cash flow−38−7−5134116
028724
04−4−16−49−19
Dividends paid000000
Shares bought back000000
Shares issued000000
Net change in cash−38−1−14−42
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Consolidated, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 28 May
Earnings per share−₹48.43−₹72.02−₹47.01−₹68.51−₹52.48−₹44.38₹8.36−₹33.77−₹68.37−₹56.46
Diluted earnings per share−₹48.43−₹72.02−₹47.01−₹68.51−₹52.48−₹44.38₹8.36–−₹68.37−₹56.46
Book value per share––−₹86.11−₹146.06−₹198.95−₹242.86−₹64.20−₹36.08−₹85.46−₹116.06
Shareholder yield––––0.0%0.0%0.0%0.0%0.0%0.0%
Market cap at the year end (₹ crore)29.929.210.58.417.118.614.576.555.939.0

Ratios

Consolidated, years to March.Gokak Textiles PE ratio and valuation

RatioMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 28 May
Revenue growth113.4%1.1%−42.6%7.7%13.6%−33.1%–−24.9%−18.5%
Operating profit growth–––––––1.6%−17.6%
––59.0%30.7%20.1%−5.4%67.4%112.5%56.0%
–––−28.4 pts−10.6 pts−25.5 pts72.8 pts45.2 pts−56.5 pts
From the net margin–––−16.7 pts−8.0 pts−25.7 pts19.6 pts114.1 pts1.6 pts
From asset turnover–––7.7 pts6.6 pts1.3 pts−2.5 pts−84.4 pts−10.8 pts
From borrowing–––−19.3 pts−9.1 pts−1.1 pts55.7 pts15.4 pts−47.2 pts
Return on capital employed–−16.9%−34.6%−28.9%−18.6%−34.9%−2.7%−2.4%−3.9%
Cash conversion–––––−70.8%–––
Receivable days–233531129332524
Inventory days–741081007410973115168
Payable days–881511748712697228300
Cash conversion cycle, days–9−7−43−1−89−88−108
Working capital days–−12−41−82−16−35−141−88−174
Asset turnover–1.080.640.760.980.760.630.330.30
Assets per rupee of net worth–−2.97−2.13−1.30−0.90−1.12−6.44−7.46−4.05
Sales per rupee of plant–1.801.111.291.591.150.510.410.37
Capital spending to depreciation–––0.000.020.050.010.090.04
Plant being built, % of plant in use–0.1%0.0%0.0%0.0%0.0%0.0%0.0%0.3%
Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: net worth is below zero, so there is no shareholders' money to set the borrowings against. Revenue growth is left blank for the year to Mar 2024: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year
−13.8%
Cash from operations against operating profit
135.1%
Measure10 years5 years3 years
Return on equity, average–50.1%78.6%
Return on capital employed, average–−12.5%−3.0%
Operating margin, average−5.1%3.6%13.8%
Net margin, average−27.8%−24.3%−34.6%
Asset turnover, average–0.600.42
Cash conversion cycle, days, average–−39−63

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore5 years3 yearsLatest year
Cash from operations617316
Cash from investing23134
Cash from financing−84−84−19
Capital spending331
Dividends paid000
Shares bought back000
Shares issued for cash000
Borrowings raised1961830
Borrowings repaid23722116

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9––444555
Altman Z-scorePublished threshold 1.81−0.36−1.25−1.59−1.88−0.220.26−0.20−0.33
Beneish M-scorePublished threshold −1.78––−2.72−3.88−2.400.03−4.78−3.51
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets––0.00−20.172.37−18.93−29.70−21.62
Receivables growth less revenue growthOur threshold 0 percentage points–31.10−13.34−71.16−14.94411.46−18.14−2.50
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–25.36−7.90−29.3030.89−39.6832.2628.91
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–0.37−1.90−1.650.17−0.780.110.15
Assets under construction, years of additionsOur threshold 2 years of additions–0.01––0.000.000.00–
Effective tax ratePublished threshold 17.16 per cent––––0.00–––
Tax charged less tax paid, % of profitOur threshold 10 percentage points––––−0.54–––
A threshold marked as ours has no published figure; it is the line we read the check against.