Gloster Ltd
Formerly known as Kettlewell Bullen & Co Ltd, it was appointed as a managing agent of Fort Gloster Jute Manufacturing Company Limited which eventually became Fort Gloster Industries Ltd. The current management acquired the company in 1954 and eventually in 1992, the Jute division of Fort Gloster Industries Ltd was demerged into a seperate company called Gloster Jute Mills Ltd which was then renamed as Gloster Ltd.
The principal business of the company is manufacturing and exporting all kinds of Jute and Jute allied products. [1]
- Market Cap ₹ 972 Cr.
- Current Price ₹ 888
- High / Low ₹ 999 / 630
- Stock P/E 38.8
- Book Value ₹ 988
- Dividend Yield 5.07 %
- ROCE 6.62 %
- ROE 5.09 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.90 times its book value
- Stock is providing a good dividend yield of 5.07%.
- Company has been maintaining a healthy dividend payout of 67.8%
- Company's working capital requirements have reduced from 113 days to 86.8 days
Cons
- The company has delivered a poor sales growth of 8.92% over past five years.
- Company has a low return on equity of 4.94% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Jute - Yarn / Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
504 | 463 | 501 | 495 | 493 | 734 | 710 | 640 | |
434 | 380 | 418 | 428 | 425 | 638 | 627 | 579 | |
Operating Profit | 70 | 84 | 84 | 67 | 68 | 96 | 84 | 61 |
OPM % | 14% | 18% | 17% | 13% | 14% | 13% | 12% | 9% |
18 | 16 | 17 | -4 | 28 | 48 | 25 | 15 | |
Interest | 4 | 1 | 1 | 3 | 2 | 1 | 2 | 2 |
Depreciation | 31 | 32 | 31 | 31 | 33 | 34 | 36 | 38 |
Profit before tax | 52 | 66 | 69 | 29 | 61 | 109 | 71 | 36 |
Tax % | 33% | 36% | 34% | 32% | 33% | 40% | 24% | |
35 | 42 | 45 | 20 | 41 | 65 | 54 | 25 | |
EPS in Rs | 41.24 | 17.95 | 37.85 | 59.89 | 49.70 | 22.87 | ||
Dividend Payout % | 4% | 5% | 12% | 42% | 33% | 29% | 141% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 13% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 25% |
TTM: | -56% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 39% |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 5 | 5 | 5 | 5 | 11 | 11 |
Reserves | 860 | 124 | 938 | 926 | 989 | 1,065 | 1,068 | 1,071 |
37 | 17 | 25 | 29 | 24 | 10 | 73 | 107 | |
77 | 869 | 90 | 113 | 131 | 159 | 151 | 157 | |
Total Liabilities | 975 | 1,011 | 1,059 | 1,073 | 1,149 | 1,240 | 1,303 | 1,346 |
684 | 659 | 639 | 661 | 709 | 709 | 691 | 691 | |
CWIP | 2 | 5 | 6 | 12 | 17 | 60 | 202 | 239 |
Investments | 117 | 150 | 178 | 117 | 112 | 130 | 139 | 142 |
172 | 198 | 235 | 283 | 311 | 341 | 272 | 275 | |
Total Assets | 975 | 1,011 | 1,059 | 1,073 | 1,149 | 1,240 | 1,303 | 1,346 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
88 | 56 | 37 | 9 | 43 | 126 | 67 | |
-27 | -25 | -40 | 20 | -51 | -96 | -77 | |
-63 | -27 | 0 | -6 | -14 | -29 | 15 | |
Net Cash Flow | -2 | 4 | -2 | 22 | -22 | 1 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 15 | 19 | 25 | 21 | 23 | 15 | 20 |
Inventory Days | 111 | 150 | 142 | 172 | 221 | 126 | 138 |
Days Payable | 6 | 14 | 10 | 15 | 10 | 10 | 8 |
Cash Conversion Cycle | 120 | 155 | 157 | 179 | 233 | 132 | 149 |
Working Capital Days | 87 | 112 | 135 | 133 | 157 | 95 | 87 |
ROCE % | 13% | 12% | 5% | 6% | 9% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Apr - Newspaper advertisement Published on 25th April 2024 regarding listing of the Company''s Shares on NSE.
-
Announcement Under Regulation 30 - Listing Of Company''s Shares On NSE
24 Apr - Equity Shares of the Company shall be listed and admitted to dealings on NSE w.e.f. 26.04.2024 with symbol "GLOSTERLTD".
-
Compliances - Regulation 40(9)
22 Apr - Certificate of PCS under regulation 40(9) of SEBI LODR
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under regulation 74(5) of SEBI DP Regulations 2018 for the quarter ended 31.03.2024
- Compliance Certificate - Regulation 7(3) For The Year Ended On 31.03.2024 10 Apr
Products[1]
The company manufactures jute & jute allied products such as hessian, yarn, sacking woven & non-woven jute geo textiles, treated fabric-rot proof, fire retardant, hydrocarbon free jute bags, Jute leno fabrics and lifestyle products such as floor covering, furnishing, fabrics etc. The company has added new products namely bags & madeup, laminated jute fabrics etc. The manufacturing unit is located in Howrah, West Bengal.