December 05, 2009

Gokak Textiles Limited

Gokak Textiles Limited was demerged ( textile business ) in 2006 from Forbes Gokak Limited ( now known as Forbes & Co. Ltd. ).For every 2 shares of Forbes, one share of Gokak was allotted .

Gokak Textiles is a subsidiary company of Shahpoorji Pallonji & Co. Limited.Forbes Gokak Limited is ,probably, the oldest joint Stock Indis, still in existence. Shapoorji Pallonji bought the controlling stake from the Tata group a few years ago. They are shareholders in Tata Sons Limited.

Shapoor Pallonji group is one of the largest and highly respected business groups ( although maintaining low profile . They were producers of the epic film " Mughal-e-Azam ).

Registered Office :

Gokak Textiles Limited,45/3,
Gopal Krishna Complex,
Residency Cross Road,

Factories :-

Gokak Falls ( Karnataka )
Marihal ( Karnataka )
Belgaum ( Karnataka)
Ludhiana ( Punjab )

At Gokak Falls, the company operates one of India's earliest hydro electric power stations.

Chairman ; Shahpoor P. Mistry,
Directors : Pallonji S. Mistry ; HS Bhaskar ; Ashok Barat ; DG Prasad ;CG Shah ; HS Billimoria ; Ramaotar Goyal ;PN Kapadia ;RN Jha

Share Capital : Rs. Six Crore Fifty Lakh
Reserves : Rs. 53 Crore ( giving a book value of around Rs. 80/- per share of Rs. 10 each )

For the financial year ended 31-03-09 on a turnover of Rs.262 crore, Gokak Textiles Limited posted a net loss of Rs. 25 crore.

Textile companies had been facing rough times. They would see better times.
Gokak Textiles Limited " is coming out with its own brand to market undergarments and other products which are growing at the rate of 20-25% at present ".

No. of shareholders : around 12,000 ( 31-03-09 ).73.5% equity is held by promoters.

Status : Shares are listed at BSE. Although daily quotation is availability- ( jobber activity ) , the share is only moderately liquid.Market rate around Rs.40/-.

For the 18 month period ending 30 /09/12 Gokak Textile has made a Net Profit of around Rs. 19 cr. This is because of Transfer of Hydro Electric Unit to a Subsidiary for  Rs. 94 Cr Net Cash. With this Gokak seems to repaid most of its Debt and may have returned to Profits in the foreseeable future. On these counts Gokak Textiles seems to be a Good Buy on Long Term basis


Gokak Textiles to Sell its Knitwear Unit

Gokak Textiles is a rare Listed Company of  Shahpoorji Pallonji Group ( partners/ relatives of Tata s with Cyrus Mistry as Tata Group Head ).

Gokak Textiles is on a Re organisation mode ( having rolled out and partially monestising its Hydro Electric Unit )

Now Gokak Textiles is selling its Karnataka based Knitwear Unit.Please click :- 

June 16, 2014



Alez Krishnamurti said...

I have been using for some time and have found it to be very helpful in finding Indian Shares which have good trends. It is a free site.

santoshi prasad said...

Indian stock market tips gained momentum and were on a firm foot taking cues from positive Asian peers. All the sectoral indices were in the green with realty, auto and healthcare in the lead. At 1:15 pm; National Stock Exchange's Nifty was at 5418.90, up 54.15 points or 1.01 per cent. The broader stock trading tips touched a low of 5376.15 and high of 5427.15 intraday. Bombay Stock Exchange's Sensex was at 18013.87, up 174.82 points or 0.98 per cent. The 30-operator trading tips index touched a high of 18041.22 and low of 17878.80 in trade so far. BSE Midcap Index was up 0.94 per cent and BSE Smallcap Index moved 0.64 per cent higher. for more details please visit and (an initiative from )

Abhishek Securities said...

Prices Of Unlisted Shares we Deal In :

Bharati Telecom
3200 3700
Bharat Nidhi
6200 7200
145 175
Catholic Syrian Bank EX RIGHTS 1:3 @ 75 RD 2/3/13
125 150
1700 2000
Eastern Investment
1300 1900
Essar Steel
23 26
Farm Enterprise
370 455
Frick India
550 650
Guj Nre Minerals X Bonus 1:2 Rd 13/6/2011
6 11
Hdfc Life Insurance
115 150
70 90
ICICI Prudential Life Ins 125 195
Julundhar Motors EX BONUS 1:1 11-5-13
70 100
Lux Hosiery
135 175
Matrix Lab (Mylan Pharma)
120 180
Mid East Integrated DIV 7.5% RD 22/9/13
16 19
Mstc (Physical Share) EX BONUS 3:1 24/9/12 EX DIV 300% 19/9/13
700 850
Nandan Biomatrix (Cleantech)
50 100
Nath Bio
25 35
Otis Elevator
700 900
Pnb Finance
4900 5800
Ratnakar Bank
105 120
35 55
Spencers Retail
175 250
Sistema Shyam
6 10
SYNGENTA 350 500
Tata Technology
750 900

Sandip Ginodia
Phone : 0 9830271248
Email :
Website :

panseva said...

I would like to thank you for the efforts you have made in writing this article. I am hoping the same best work from you in the future as well. In fact your creative writing abilities has inspired me to start my own blog now. Really the blogging is spreading its wings rapidly. Your write up is a fine example of it.Thank you so much for taking the time to share with us.