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Go Fashion (India)

B+Hold
GOCOLORS · NSE · Small Cap · Modern Trade — Fashion
Modern Trade — Fashion
Fetching live…
760
1D -0.4%1M -2.0%1Y -18%
Fundamental (RQ-100)
77
Technical (TQ-100)
38
Valuation
47
Market cap
₹4.2K Cr
Live decision ratingASell / Avoid
Fundamental score breakdown
77/100
Growth Quality
15.4 / 20
Rev 1Y 14.0%, 3Y CAGR 18.0%, 5Y CAGR 22.0%
Margin & Profitability
13.6 / 15
EBITDA 28.0%, PAT 12.0%
Return on Capital
16.0 / 20
ROCE 20.0%, ROE 16.0%
Cash Flow Quality
7.0 / 15
OCF/EBITDA 0.72
Leverage
9.0 / 10
ND/EBITDA 0.40
Reinvestment
7.0 / 8
Capex/Sales 4.0%
Accounting
5.0 / 7
Governance
4.0 / 5
Technical score breakdown
38/100
Trend Structure
8.0 / 20
↓ 200 · ↓ 50 · ↓ 20
Momentum
5.0 / 15
1Y -18.0%, 1M -2.0%
Volume Dynamics
8.0 / 15
Vol30 —%
Relative Strength
2.0 / 15
1Y -18.0%
MA Cluster
5.0 / 10
Extension
5.0 / 10
—% from 50DMA
Volatility
4.0 / 8
Price Action
1.0 / 7
-100.0% from 52W H

Business

What this company actually does

Pure-play women's bottom-wear retailer (Go Colors brand).

Stores
760
Dark stores
Cities
180
Listed status
Listed

Format exposure

How direct is this play?

Primary formatModern Trade — Fashion
Exposure typePure-play
Revenue visibilityHigh
Operating leverage stageMaturity
Policy beneficiaryNone
Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue
₹870 Cr
Rev 1Y growth
14%
Rev 3Y CAGR
18%
EBITDA margin
28.0%
PAT margin
12.0%
ROE
16%
ROCE
20%
OCF/EBITDA
0.72
Net Debt/EBITDA
0.4

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E
65
Forward P/E
55
EV/EBITDA
26
EV/Sales
4.2
P/B
5.8
FCF Yield
2.3%

Mid-range valuation. Watch incremental ROCE.

Retail KPIs

The unit-economics that define the format

SSSG
6.0%

Investment thesis

AI-generated · always cite sources before acting

Bull
Best-in-class 20% ROCE with 0.72 OCF conversion. Pure-play exposure to Modern Trade — Fashion. Long-runway TAM with structural tailwinds.
Base
Earnings growth of ~20% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Modern Trade — Fashion GMV outperforms.
Bear
Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.
Variant perception
Consensus views Go Fashion (India) as a decent operator. Our differentiated take: the current multiple already prices in mid-cycle outcomes.
Key monitorables
  • Quarterly contribution margin trajectory
  • SSSG vs guidance
  • Capex vs store/dark-store adds
  • Promoter holding and ESOP dilution