Play on the booming Garment Exports_
🆕➡️Investors know that DenofWealth was only platform which did BREAKING on Cotton Yarn Boom. Since then our recommended Cotton Yarn stocks have become 2x-5x in few months. Now there is unprecedented demand for Garments from USA and Europe. Hence recommendation to buy Gokaldas⬅️
1️⃣ Despite manufacturing units being completely shut down for Major part of H1 due to Covid, the co has managed to deliver Good performance during FY21
▫️Revenues came at 1211cr
▫️PAT came at 26cr
▫️EPS of 6.2rs
2️⃣ *FY22 will be the best ever*
▫️Revenue estimated at 1525cr
▫️PAT estimated at 95cr
▫️EPS estimated at 22
*Trading at just 8x Forward P/E*
3️⃣▪️Leading apparel exporter in India with customers in more than 50 countries, including US, Europe, Canada, Japan, Russia, Middle East, South Africa & South America.
4️⃣ *One of the largest Apparel manufacturers in India with a capacity of 30 million pieces per annum.*
▪️Manufactures wide range of apparel including outerwear, sportswear, casual wear and formal wear for women, men and children.
▪️It executes orders ranging from the simple to the complex with functions comprise laying, cutting, sewing, embroidery, quilting and printing, design, development, making, washing, laser finishing and poly-fill.
5️⃣ *Caters to the Biggest Global Brands*
▫️GAP ▫️Puma ▫️Walmart ▫️H&M ▫️Vero Moda ▫️Adidas ▫️Columbia ▫️Carhartt ▫️Marks & Spencer ▫️A&F ▫️Carrefour and many more
6️⃣ *The company has a strong order book for the coming quarters based on consistent execution & strong credibility in the eyes of its customers.*
*With most international markets gradually opening, Demand will remain very strong*
7️⃣ *Co has started functioning of manufacturing units in Karnataka with 100% staff strength now.*
*Piyush Goyal has now taken charge of the Textiles ministry and he has emphasized that Textiles sector can be further improved and exports can be boosted as the govt want to promote Brand India and Indian Textiles*
*In a bid to boost local manufacturing and exports, the govt has announced the Production Linked Incentive (PLI) Scheme for the sector with budgetary support of Rs 10,683 crores which will benefit Gokaldas Exports immensely*
🎯 *Even with a P/E of 14x Forward earnings, Gokaldas can be 310 easily.*
*_Advise a strong BUY for long term as prospects will improve further_*
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