Top Stocks to Buy Today: In this edition of ‘Maalamaal Weekly’, Zee Business Managing Editor Anil Singhvi brings another fine stock that has the capability to earn good returns. This stock is from the exports space and the company is into the business of textiles. With an enviable clientele which includes Reebok, Adidas, Puma and Vero Moda, Gokaldas Exports is a top pick for today. (#ZeeMaalamaalWeekly).
 
Research Analyst Ashish Chaturvedi said that this company exports its products in more than 50 countries with a lion share of revenues coming from the US. The revenues from US account 51 per cent of the total revenues, he said.

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This company has the potential to earn high returns for the investors. The change of company’s Managing Director in 2017 was an important event for Gokaldas. It has seen growth under Sivaramkrishnan Ganpati.

The operational efficiency has increased, the benefits of which reflect in its financials. The new customers have grown, and the company has been able to register positive cashflows after three years.  The market capitalization of the company is at Rs 318 cr.

While the sector has seen negative growth, this company has seen revenues growing by 17 per cent in the last year. This sector also has a government focus on it.
The fundamentals of this company are strong.

This stock is currently trading around Rs 78 and the shares are available at very attractive valuations. Gokaldas’ profits have grown at a 25 per cent CAGR over the last five years.

The Market Guru said that the textile sector stocks have seen some action over the last few weeks. In this stock, the change in management has been a trigger, he said. Ganpati has been an architect of the turnaround in the company, he added. The company has been reducing its debt, which augurs well for it.

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The stock is also available at attractive valuations, he further said adding that it is even below its book value. If the sector sees a revival from here, this company is ready to reap gains, the Managing Editor said.