Gokak Textiles financials and balance sheet

BSE: 532957Textiles & ApparelsSmall Cap

₹58.00₹4.96 (7.88%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹62.96.

52-week range of traded prices to 23 Oct 2026

₹51.00Low, 9 Sep 2026₹90.99High, 6 Nov 2025

Under BSE's long-term additional surveillance, stage I, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.

Market cap: ₹38 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: 1,817

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Gokak Textiles annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 9 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

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

Revenue80
Materials and goods−23
Employee costs−27
Other expenses−19
Operating profit12
Depreciation−20
Other income+2.6
One-off items+5.5
Finance costs−37
Profit before tax−37
Tax0.0
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
50
53
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
17
25
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
textiles
Revenue, ₹ crore
109
124
83
96
60
38
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−37
−33
4
11
−20
−24
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	–	–	120	138	92	145	110	90
Company revenue, as in its results	179	103	111	126	84	131	98	80
Revenue	–	–	–	–	–	–	50	53
Profit	–	–	–	–	–	–	17	25
Margin	–	–	–	–	–	–	33.0%	47.2%
Assets	–	–	–	–	–	–	214	175
Liabilities	–	–	–	–	–	–	297	341
Capital employed	–	–	–	–	–	–	−83	−166
Revenue	–	–	109	124	83	96	60	38
Revenue growth	–	–	–	13.8%	−33.4%	16.5%	−38.0%	–
Profit	–	–	−37	−33	4	11	−20	−24
Profit growth	–	–	–	–	–	210.7%	–	–
Margin	–	–	−33.8%	−26.3%	4.3%	11.6%	−34.1%	−64.1%
Return on capital	–	–	–	–	–	31.8%	−205.6%	−32.9%
Assets	–	–	127	112	80	130	113	135
Liabilities	–	–	195	212	92	95	103	62
Capital employed	–	–	−68	−100	−12	35	10	74
Revenue	–	–	11	14	10	48	–	–
Revenue growth	–	–	–	21.6%	−29.5%	404.3%	–	–
Profit	–	–	−1	1	3	−5	–	–
Profit growth	–	–	–	–	142.4%	–	–	–
Margin	–	–	−10.2%	8.1%	27.8%	−10.3%	–	–
Assets	–	–	14	9	29	247	–	–
Liabilities	–	–	88	82	73	318	–	–
Capital employed	–	–	−74	−73	−45	−71	–	–
Revenue	–	–	0	−6	0	0	–	–
Profit	–	–	0	0	0	0	–	–
Assets	–	–	−3	−2	−6	−60	–	–
Liabilities	–	–	−3	−2	−6	−60	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Gokak Textiles quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 28 May	Mar 2020Filed 6 Aug	Mar 2021Filed 3 Jul	Mar 2022Filed 7 Jun	Mar 2023Filed 27 May	Mar 2024Filed 29 Jul	Mar 2025Filed 10 Jun	Mar 2026Filed 28 May
Revenue from operations	83	177	179	103	111	126	84	131	98	80
	101	188	190	128	123	134	99	117	84	68
Materials and goods bought	52	120	122	68	68	79	53	64	36	23
Employee costs	26	–	33	30	33	31	28	30	27	27
Other expenses	22	–	36	30	22	24	18	22	21	19
Operating profit before depreciation	−18	−11	−11	−25	−12	−8	−14	15	15	12
Operating margin	−21.3%	−6.0%	−6.0%	−24.4%	−10.9%	−6.2%	−17.1%	11.1%	15.0%	15.2%
Materials, % of revenue	62.9%	–	68.0%	66.3%	61.1%	62.7%	63.1%	49.2%	36.6%	28.4%
Employee costs, % of revenue	31.4%	–	18.2%	28.8%	29.6%	24.9%	33.0%	22.8%	27.1%	33.1%
Other expenses, % of revenue	27.1%	–	19.9%	29.3%	20.2%	18.7%	21.0%	16.9%	21.3%	23.3%
Depreciation and amortisation	8	8	7	7	7	6	6	21	20	20
Operating profit after depreciation	−26	−18	−18	−32	−19	−14	−20	−6	−5	−8
Other income	13	3	8	5	2	4	4	3	5	3
Finance costs	26	23	22	20	21	22	10	26	30	37
Profit before one-off items and tax	−39	−37	−33	−48	−38	−31	−27	−29	−31	−42
One-off items	0	0	0	0	0	0	33	9	−12	5
Profit before tax	−39	−37	−33	−48	−38	−31	6	−19	−43	−37
	−8	9	0	0	0	0	0	0	0	0
Current tax	0	–	0	0	0	0	0	0	0	0
Deferred tax	−8	–	0	0	0	0	0	0	0	0
	−31	−38	−33	−48	−38	−31	6	−19	−43	−37
Belonging to the company's shareholders	−31	–	–	−45	−34	−29	5	−22	−44	−37
Belonging to outside owners of subsidiaries	–	–	–	−3	–	−3	1	3	2	0
Other comprehensive income	–	–	1	0	0	0	1	1	1	1
Total comprehensive income	–	–	−32	−48	−38	−31	7	−19	−42	−36
Net margin	−36.7%	−21.4%	−18.4%	−46.3%	−34.3%	−25.0%	7.4%	−14.8%	−43.4%	−45.5%

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.

₹ crore	Mar 2019Filed 28 May	Mar 2020Filed 6 Aug	Mar 2021Filed 3 Jul	Mar 2022Filed 7 Jun	Mar 2023Filed 27 May	Mar 2024Filed 29 Jul	Mar 2025Filed 10 Jun	Mar 2026Filed 28 May
	−56	−104	−142	−173	−56	−36	−73	−92
	−56	−95	−129	−158	−42	−23	−56	−75
Share capital	6	6	6	6	6	6	6	6
Reserves	−62	−101	−136	−164	−48	−30	−62	−82
Belonging to outside owners of subsidiaries	–	−9	−13	−15	−15	−12	−17	−17
	162	197	209	250	115	268	295	288
Repayable after a year	57	141	148	168	39	252	274	264
Repayable within a year	105	56	61	82	76	16	22	24
	153	104	118	109	104	92	65	80
Trade payables	30	28	32	19	18	17	23	19
Other financial liabilities	18	19	22	6	7	50	9	17
Other liabilities	1	1	3	1	2	7	10	19
Provisions	0	0	0	2	2	1	1	1
	69	154	162	184	55	260	280	270
Other financial liabilities	–	0	15	0	0	2	0	0
Other liabilities	–	0	0	15	0	6	0	–
Provisions	12	13	0	0	16	0	7	7
	166	155	138	120	103	317	272	258
Held for sale or for a demerger	1	0	0	0	–	4	4	5
	114	105	95	88	81	278	247	231
Plant in use, after depreciation	100	93	86	79	73	256	238	217
Plant being built	0	0	0	0	0	0	0	1
Intangible assets	0	0	0	0	0	0	0	0
Property held to earn rent	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0
Stakes in joint ventures and associates	0	0	0	0	0	0	0	0
Other financial assets	1	1	1	1	1	14	1	6
Deferred tax	1	1	1	1	0	2	1	1
Other assets	12	9	6	6	7	6	6	5
	51	49	43	32	21	34	22	22
Inventories	25	20	18	16	16	13	11	10
Trade receivables	11	10	9	4	2	12	7	5
Cash and cash equivalents	0	3	3	2	1	7	3	4
Other bank balances	9	10	8	8	0	1	0	0
Other financial assets	2	6	3	1	1	0	1	0
Other assets	3	–	1	1	1	1	1	1
Net debt	153	184	197	240	114	260	293	283

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.

₹ crore	Mar 2021Filed 3 Jul	Mar 2022Filed 7 Jun	Mar 2023Filed 27 May	Mar 2024Filed 29 Jul	Mar 2025Filed 10 Jun	Mar 2026Filed 28 May
	−38	−7	−4	13	43	16
	−38	−28	−4	14	43	16
	0	−4	5	−2	27	−4
Receivables	0	6	2	−5	18	2
Inventories	0	2	0	3	2	1
Payables	0	−13	1	−1	9	−7
Other working capital	0	1	1	1	−1	1
Tax paid	0	0	0	−1	0	0
Interest paid	0	22	0	0	0	0
Capital spending	0	0	0	0	2	1
Free cash flow	−38	−7	−5	13	41	16
	0	2	8	7	2	4
Plant and property sold	0	2	0	0	0	10
Interest received	0	0	0	1	1	0
	0	4	−4	−16	−49	−19
Borrowings raised	0	9	4	10	173	0
Borrowings repaid	0	−3	−12	−10	−195	−16
Interest paid	0	−2	−1	−17	−32	−18
Lease payments	0	0	0	0	0	0
Dividends paid	0	0	0	0	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	−38	−1	−1	4	−4	2

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.

Consolidated, ₹ per share, years to March.

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 28 May	Mar 2020Filed 6 Aug	Mar 2021Filed 3 Jul	Mar 2022Filed 7 Jun	Mar 2023Filed 27 May	Mar 2024Filed 29 Jul	Mar 2025Filed 10 Jun	Mar 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)	29.9	29.2	10.5	8.4	17.1	18.6	14.5	76.5	55.9	39.0

Ratios

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

Ratio	Mar 2018	Mar 2019Filed 28 May	Mar 2020Filed 6 Aug	Mar 2021Filed 3 Jul	Mar 2022Filed 7 Jun	Mar 2023Filed 27 May	Mar 2024Filed 29 Jul	Mar 2025Filed 10 Jun	Mar 2026Filed 28 May
Revenue growth	113.4%	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 pts	72.8 pts	45.2 pts	−56.5 pts
From the net margin	–	–	–	−16.7 pts	−8.0 pts	−25.7 pts	19.6 pts	114.1 pts	1.6 pts
From asset turnover	–	–	–	7.7 pts	6.6 pts	1.3 pts	−2.5 pts	−84.4 pts	−10.8 pts
From borrowing	–	–	–	−19.3 pts	−9.1 pts	−1.1 pts	55.7 pts	15.4 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	–	23	35	31	12	9	33	25	24
Inventory days	–	74	108	100	74	109	73	115	168
Payable days	–	88	151	174	87	126	97	228	300
Cash conversion cycle, days	–	9	−7	−43	−1	−8	9	−88	−108
Working capital days	–	−12	−41	−82	−16	−35	−141	−88	−174
Asset turnover	–	1.08	0.64	0.76	0.98	0.76	0.63	0.33	0.30
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	–	1.80	1.11	1.29	1.59	1.15	0.51	0.41	0.37
Capital spending to depreciation	–	–	–	0.00	0.02	0.05	0.01	0.09	0.04
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%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	−6.3%	−1.6%
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	–	0.60	0.42
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.

₹ crore	5 years	3 years	Latest year
Cash from operations	61	73	16
Cash from investing	23	13	4
Cash from financing	−84	−84	−19
Capital spending	3	3	1
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	196	183	0
Borrowings repaid	237	221	16

Accounting checks

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

Check	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	4	4	4	5	5	5
Altman Z-scorePublished threshold 1.81	−0.36	−1.25	−1.59	−1.88	−0.22	0.26	−0.20	−0.33
Beneish M-scorePublished threshold −1.78	–	–	−2.72	−3.88	−2.40	0.03	−4.78	−3.51
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	0.00	−20.17	2.37	−18.93	−29.70	−21.62
Receivables growth less revenue growthOur threshold 0 percentage points	–	31.10	−13.34	−71.16	−14.94	411.46	−18.14	−2.50
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	25.36	−7.90	−29.30	30.89	−39.68	32.26	28.91
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	0.37	−1.90	−1.65	0.17	−0.78	0.11	0.15
Assets under construction, years of additionsOur threshold 2 years of additions	–	0.01	–	–	0.00	0.00	0.00	–
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.