Gini Silk Mills Ltd

Gini Silk Mills Ltd

₹ 84.9 3.12%
24 May - close price
About

Incorporated in 1963, Gini Silk Mills Ltd
is engaged in manufacturing and selling
of Shirting & Suiting, and processing fabric
on a job work basis [1]

Key Points

Business Divisions:[1]
a) Textile:
Company manufactures weaves and fabrics ranging from 100% Cotton, Linens, Polyester,
100% Hemp, Bamboo, Viscose blends and
Cotton blends with a variety of designs and different finishes
b) Construction:
Company has also ventured into real estate development through its group concern Gini Constructions

  • Market Cap 47.4 Cr.
  • Current Price 84.9
  • High / Low 95.5 / 37.5
  • Stock P/E 14.0
  • Book Value 79.6
  • Dividend Yield 0.00 %
  • ROCE 5.04 %
  • ROE 3.60 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.07 times its book value
  • Debtor days have improved from 83.3 to 65.0 days.
  • Company's working capital requirements have reduced from 195 days to 78.2 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.22% over past five years.
  • Company has a low return on equity of 0.31% over last 3 years.
  • Earnings include an other income of Rs.2.37 Cr.

* 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 - Processing

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6.14 5.88 4.30 7.43 9.18 9.99 10.66 12.41 10.77 12.34 9.89 11.72 10.50
6.10 6.31 4.63 7.31 9.37 9.91 10.35 11.93 10.60 11.05 9.39 10.45 9.85
Operating Profit 0.04 -0.43 -0.33 0.12 -0.19 0.08 0.31 0.48 0.17 1.29 0.50 1.27 0.65
OPM % 0.65% -7.31% -7.67% 1.62% -2.07% 0.80% 2.91% 3.87% 1.58% 10.45% 5.06% 10.84% 6.19%
0.65 0.53 0.75 0.51 0.45 0.47 0.09 0.69 0.52 0.40 0.66 0.58 0.73
Interest 0.10 0.08 0.09 0.09 0.12 -0.14 0.06 0.29 0.16 0.18 0.15 0.17 0.20
Depreciation 0.30 0.30 0.30 0.30 0.30 0.34 0.32 0.35 0.35 0.35 0.29 0.39 0.35
Profit before tax 0.29 -0.28 0.03 0.24 -0.16 0.35 0.02 0.53 0.18 1.16 0.72 1.29 0.83
Tax % -24.14% 28.57% 533.33% -29.17% 93.75% 40.00% 900.00% 9.43% 11.11% 7.76% 12.50% 13.95% 27.71%
0.36 -0.19 -0.12 0.31 -0.01 0.21 -0.16 0.48 0.16 1.07 0.62 1.11 0.60
EPS in Rs 0.64 -0.34 -0.21 0.55 -0.02 0.38 -0.29 0.86 0.29 1.91 1.11 1.98 1.07
Raw PDF
Upcoming result date: 29 May 2024

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
32.84 32.47 34.90 40.12 40.75 39.12 39.42 36.62 36.20 16.81 30.89 46.18 44.45
31.54 31.53 33.79 37.75 36.57 35.76 36.38 35.69 33.89 18.21 31.21 43.93 40.74
Operating Profit 1.30 0.94 1.11 2.37 4.18 3.36 3.04 0.93 2.31 -1.40 -0.32 2.25 3.71
OPM % 3.96% 2.89% 3.18% 5.91% 10.26% 8.59% 7.71% 2.54% 6.38% -8.33% -1.04% 4.87% 8.35%
2.05 2.07 2.19 2.42 1.50 2.13 1.71 1.86 1.33 2.16 2.19 1.69 2.37
Interest 0.17 0.18 0.06 0.45 1.47 1.48 0.90 0.51 0.39 0.36 0.17 0.69 0.70
Depreciation 0.45 0.47 0.46 0.40 0.92 0.97 0.98 1.02 1.19 1.19 1.24 1.37 1.38
Profit before tax 2.73 2.36 2.78 3.94 3.29 3.04 2.87 1.26 2.06 -0.79 0.46 1.88 4.00
Tax % 27.11% 29.66% 37.05% 38.32% 45.29% 21.71% 25.09% 15.08% 8.74% 29.11% 17.39% 18.62%
1.99 1.66 1.74 2.43 1.80 2.38 2.15 1.07 1.88 -0.56 0.38 1.53 3.40
EPS in Rs 3.56 2.97 3.11 4.35 3.22 4.26 3.84 1.91 3.36 -1.00 0.68 2.74 6.07
Dividend Payout % 14.05% 16.84% 16.06% 11.50% 15.53% 11.74% 13.00% 26.12% 14.87% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 3%
3 Years: 8%
TTM: 1%
Compounded Profit Growth
10 Years: -1%
5 Years: -6%
3 Years: -8%
TTM: 393%
Stock Price CAGR
10 Years: 10%
5 Years: 12%
3 Years: 11%
1 Year: 112%
Return on Equity
10 Years: 4%
5 Years: 2%
3 Years: 0%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59
Reserves 17.70 19.04 20.45 22.75 24.21 26.64 28.35 34.38 35.01 35.27 36.44 36.92 38.91
1.54 0.60 0.03 8.65 11.12 12.98 9.38 6.79 5.74 5.02 8.53 8.48 8.74
2.87 3.73 4.06 9.11 6.23 6.44 8.18 7.46 7.67 6.21 9.28 10.08 9.59
Total Liabilities 27.70 28.96 30.13 46.10 47.15 51.65 51.50 54.22 54.01 52.09 59.84 61.07 62.83
4.16 4.35 3.90 11.88 13.06 11.93 11.43 12.86 12.38 11.32 13.19 12.45 11.81
CWIP -0.00 0.05 0.06 1.46 -0.00 0.08 1.41 -0.00 -0.00 -0.00 0.03 -0.00 0.04
Investments 1.16 1.90 2.62 2.08 1.07 8.67 8.18 11.21 11.37 12.13 25.03 24.28 25.39
22.38 22.66 23.55 30.68 33.02 30.97 30.48 30.15 30.26 28.64 21.59 24.34 25.59
Total Assets 27.70 28.96 30.13 46.10 47.15 51.65 51.50 54.22 54.01 52.09 59.84 61.07 62.83

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.90 1.22 1.27 4.27 -2.31 3.33 1.89 -0.70 2.65 -0.80 -3.77 0.37
5.78 -3.43 0.58 -12.10 2.36 -4.39 1.50 3.50 -0.56 2.08 -0.03 0.81
-0.26 -1.42 -0.93 6.97 0.15 1.67 -4.27 -2.64 -2.21 -0.98 3.45 -1.17
Net Cash Flow 3.62 -3.63 0.92 -0.86 0.19 0.61 -0.88 0.15 -0.11 0.30 -0.36 -0.00

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 36.46 44.07 44.45 43.21 58.31 55.70 77.59 75.75 67.35 102.70 82.24 64.97
Inventory Days 141.94 121.25 92.14 113.87 152.95 147.91 121.52 149.48 160.02 218.75 235.86 177.97
Days Payable 28.57 49.55 45.62 121.04 65.00 53.31 75.07 105.06 122.33 164.38 230.83 151.74
Cash Conversion Cycle 149.83 115.77 90.96 36.05 146.26 150.31 124.03 120.18 105.04 157.08 87.27 91.20
Working Capital Days 168.16 204.48 182.50 180.59 112.41 203.77 177.87 188.58 183.00 408.21 99.96 78.25
ROCE % 12.26% 9.79% 10.68% 13.23% 12.07% 10.40% 8.34% 3.75% 5.46% -2.10% 0.23% 5.04%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
25.02% 25.02% 25.02% 25.02% 25.02% 25.01% 25.02% 25.02% 25.01% 25.01% 25.02% 25.01%
No. of Shareholders 7197699581,0021,0481,0771,1181,1491,1541,1461,2301,246

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