GTN Textiles Ltd

GTN Textiles Ltd

₹ 13.1 4.29%
23 Feb - close price
About

Incorporated in 1966, GTN Textile Ltd is in the business of manufacture and sale of Fine and super fine combed cotton yarn, and realty segment[1]

Key Points

Product Profile:[1]
a) Infiniti (Compact):
It is a lower yarn hairiness product with higher strength and elongation
b) Ring Spun Yarns:
Company manufactures yarn of various counts ranging from Ne 24's to Ne 200's including High Twist yarn, Reverse Twist yarn & Gassed yarn
c) Wonder Twist (Siro Compact):
It is production of a two ply yarn by combining the Compact and Siro systems
d) Slub Yarns:
Company supplies 100% Cotton Yarn Slubs of Short/ Medium/ Long slub patterns of yarn counts Ne20s to Ne60s from its Premium Raw Cotton blends meant for both Knitting and Weaving Applications
e) Knitted Fabrics:
Company supplies Weft Knitted fabrics of any patterns such as Single Jersey, Interlock, Rib, Fleece, Pique, honey comb etc. made out of 100% Cotton, Cotton + Elaspan

  • Market Cap 15.3 Cr.
  • Current Price 13.1
  • High / Low 15.0 / 10.0
  • Stock P/E 4.38
  • Book Value 16.7
  • Dividend Yield 0.00 %
  • ROCE -1.85 %
  • ROE -48.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.79 times its book value

Cons

  • The company has delivered a poor sales growth of -41.2% over past five years.
  • Company has a low return on equity of -39.2% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 392 days to 1,227 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
10.95 16.64 15.97 24.14 26.98 16.37 9.99 0.00 0.00 0.00 0.00 0.00 0.00
12.78 17.56 16.33 23.76 27.26 16.82 10.90 0.00 0.00 0.00 0.00 0.00 0.00
Operating Profit -1.83 -0.92 -0.36 0.38 -0.28 -0.45 -0.91 0.00 0.00 0.00 0.00 0.00 0.00
OPM % -16.71% -5.53% -2.25% 1.57% -1.04% -2.75% -9.11%
0.06 -2.87 0.02 -0.12 -0.16 -0.34 0.02 -4.45 3.75 -16.73 -3.29 -4.25 -2.55
Interest 2.51 2.33 2.82 2.88 2.63 2.62 2.43 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.78 0.75 0.75 0.75 0.76 0.72 0.71 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -5.06 -6.87 -3.91 -3.37 -3.83 -4.13 -4.03 -4.45 3.75 -16.73 -3.29 -4.25 -2.55
Tax % 0.00% -180.35% 0.00% 0.00% 0.00% 28.81% 0.00% 0.00% 0.00% 20.86% 0.00% 0.00% 0.00%
-5.06 -19.26 -3.91 -3.37 -3.83 -2.94 -4.03 -4.45 3.75 -13.24 -3.29 -4.25 -2.55
EPS in Rs -4.35 -16.55 -3.36 -2.90 -3.29 -2.53 -3.46 -3.82 3.22 -11.37 -2.83 -3.65 -2.19
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
140 209 286 186 153 114 143 142 131 46 83 10 0
131 198 264 176 150 107 130 138 131 55 84 11 0
Operating Profit 9 12 22 10 3 7 13 4 0 -9 -1 -1 0
OPM % 6% 6% 8% 5% 2% 6% 9% 3% 0% -19% -1% -9%
0 0 1 1 0 -1 -2 0 0 -3 -1 -17 -27
Interest 10 11 13 11 9 10 11 9 9 9 11 2 0
Depreciation 6 6 6 5 4 4 4 3 3 3 3 1 0
Profit before tax -6 -5 4 -4 -10 -9 -3 -8 -12 -24 -15 -21 -27
Tax % 32% 29% 50% 32% 26% 26% 18% 13% 25% -52% 8% 16%
-4 -4 2 -3 -7 -6 -2 -7 -9 -36 -14 -18 -23
EPS in Rs -3.81 -3.06 1.68 -2.63 -6.31 -5.41 -1.87 -6.30 -7.50 -30.94 -12.07 -15.43 -20.04
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -26%
5 Years: -41%
3 Years: -58%
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 153%
Stock Price CAGR
10 Years: 7%
5 Years: 8%
3 Years: 36%
1 Year: 10%
Return on Equity
10 Years: -15%
5 Years: -22%
3 Years: -39%
Last Year: -49%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 20 17 19 16 8 93 91 91 82 49 35 15 8
Preference Capital 0 0 0 0 0 0 0 0 0 1 2 2
76 75 69 75 66 56 60 56 64 71 72 24 36
46 46 55 29 49 52 59 57 40 24 35 67 62
Total Liabilities 153 150 155 131 135 212 221 216 198 156 154 119 117
66 60 57 51 47 135 129 125 122 118 115 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 20 20 20 20 20 20 20 20 20 20 20 20 20
67 70 78 61 69 58 72 71 57 18 19 99 97
Total Assets 153 150 155 131 135 212 221 216 198 156 154 119 117

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 10 20 0 18 18 4 8 3 -7 8 1
-3 0 -2 2 0 0 1 5 0 0 0 27
-30 -11 -18 -3 -18 -18 -6 -12 1 4 -10 -28
Net Cash Flow -6 -0 0 -2 1 0 -1 0 5 -4 -2 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 28 29 25 40 44 31 36 31 18 12 0
Inventory Days 180 101 71 111 154 186 228 179 123 106 58 12
Days Payable 143 88 81 71 186 266 252 201 147 49 63 320
Cash Conversion Cycle 74 41 18 65 7 -36 8 15 6 75 7 -308
Working Capital Days 15 11 10 34 12 6 22 23 15 5 -57 1,227
ROCE % 3% 5% 17% 6% -1% 3% 6% 1% -2% -8% -3% -2%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.36% 63.36% 63.36% 63.36% 63.36% 63.36% 63.37% 63.37% 63.37% 63.37% 63.37% 63.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.77% 0.75% 0.48% 0.48% 0.49% 0.49% 0.48% 0.48% 0.48% 0.48% 0.48% 0.48%
35.87% 35.89% 36.15% 36.15% 36.15% 36.15% 36.14% 36.16% 36.16% 36.15% 36.15% 36.16%
No. of Shareholders 15,02415,01315,01915,25015,22915,15815,01414,91414,82414,67614,57614,498

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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