Gokak Textiles Ltd
Incorporated in 2007, Gokak Textiles Limited is engaged in manufacturing of yarns, fabrics, etc. and generation of hydro power
- Market Cap ₹ 147 Cr.
- Current Price ₹ 227
- High / Low ₹ 227 / 22.4
- Stock P/E
- Book Value ₹ 10.2
- Dividend Yield 0.00 %
- ROCE -37.4 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 22.1 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -14.5% over past five years.
- Contingent liabilities of Rs.102 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 - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 480 | 358 | 342 | 324 | 100 | 78 | 173 | 173 | 98 | 107 | 120 | 79 | 98 | |
| 500 | 341 | 345 | 346 | 116 | 104 | 192 | 196 | 129 | 127 | 137 | 100 | 122 | |
| Operating Profit | -20 | 17 | -4 | -22 | -15 | -26 | -19 | -23 | -31 | -20 | -17 | -21 | -24 |
| OPM % | -4% | 5% | -1% | -7% | -15% | -34% | -11% | -13% | -31% | -19% | -14% | -27% | -24% |
| 98 | 2 | 2 | 3 | 5 | 13 | 3 | 7 | 4 | 2 | 4 | 35 | 46 | |
| Interest | 39 | 21 | 23 | 22 | 10 | 17 | 14 | 14 | 12 | 13 | 15 | 4 | 1 |
| Depreciation | 20 | 10 | 10 | 8 | 4 | 7 | 7 | 6 | 6 | 6 | 5 | 5 | 5 |
| Profit before tax | 19 | -13 | -35 | -48 | -24 | -37 | -36 | -36 | -45 | -37 | -33 | 4 | 16 |
| Tax % | -4% | -12% | 1% | 5% | -3% | 8% | -3% | 0% | 0% | 0% | 0% | 0% | |
| 19 | -15 | -34 | -45 | -24 | -34 | -37 | -36 | -45 | -37 | -33 | 4 | 16 | |
| EPS in Rs | 29.97 | -22.34 | -52.51 | -69.98 | -37.45 | -52.05 | -57.24 | -55.87 | -68.61 | -56.73 | -50.14 | 5.52 | 24.86 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | -15% |
| 3 Years: | -7% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 5% |
| 3 Years: | 12% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 57% |
| 3 Years: | 120% |
| 1 Year: | 835% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 78 | 64 | 29 | -18 | -6 | 19 | -111 | -147 | -191 | -229 | -261 | -147 | 0 |
| Preference Capital | 0 | 0 | 0 | 20 | 0 | 0 | 142 | 180 | 183 | 186 | 189 | 193 | |
| 137 | 135 | 157 | 158 | 147 | 104 | 92 | 65 | 93 | 106 | 133 | 4 | 112 | |
| 56 | 72 | 95 | 95 | 64 | 47 | 182 | 228 | 231 | 243 | 233 | 242 | 49 | |
| Total Liabilities | 278 | 277 | 289 | 242 | 211 | 177 | 170 | 153 | 139 | 127 | 112 | 105 | 168 |
| 125 | 117 | 108 | 98 | 93 | 86 | 79 | 74 | 68 | 62 | 56 | 51 | 49 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 90 |
| 127 | 135 | 156 | 119 | 93 | 66 | 65 | 54 | 46 | 40 | 31 | 29 | 29 | |
| Total Assets | 278 | 277 | 289 | 242 | 211 | 177 | 170 | 153 | 139 | 127 | 112 | 105 | 168 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32 | 24 | 0 | 20 | -20 | -2 | -19 | 4 | -20 | -5 | -19 | -11 | |
| 92 | -1 | -0 | 1 | 6 | 3 | 1 | 1 | 3 | 1 | 1 | 0 | |
| -124 | -24 | -0 | -1 | -5 | -2 | 18 | -4 | 19 | 4 | 16 | 10 | |
| Net Cash Flow | 0 | -1 | -0 | 20 | -19 | -1 | 0 | -0 | 2 | 1 | -1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 23 | 19 | 14 | 43 | 31 | 28 | 18 | 22 | 18 | 10 | 9 |
| Inventory Days | 76 | 134 | 167 | 72 | 216 | 220 | 84 | 74 | 107 | 99 | 74 | 108 |
| Days Payable | 27 | 82 | 122 | 77 | 152 | 151 | 61 | 89 | 153 | 184 | 94 | 164 |
| Cash Conversion Cycle | 64 | 75 | 64 | 9 | 107 | 101 | 51 | 3 | -23 | -68 | -10 | -47 |
| Working Capital Days | 27 | 34 | 22 | -22 | -39 | -131 | -29 | 6 | -13 | -51 | -23 | -62 |
| ROCE % | -16% | 4% | -6% | -14% | -10% | -16% | -18% | -19% | -36% | -30% | -28% | -37% |
Documents
Announcements
- Certificate Under Regulation 40(9) & (10) Of Securities Exchange Board Of India (LODR) Regulations, 2015. 16 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Apr
- Shareholder Meeting / Postal Ballot-Outcome of AGM 6 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Overview[1]
GTL was incorporated in 2007, after a scheme of demerger the textile arm of Forbes Gokak Limited (FGL) into a separate company. GTL has two units—a spinning mill at Gokak Falls (Karnataka) and a garment-manufacturing unit in Belgaum district of Karnataka. The spinning mill has a capacity of 69,792 spindles and other value-added yarns apart from small volumes of readymade items such as cotton canvas and terry towels. The Belgaum unit specializes in readymade knitted garments including combed polo and T-shirts for the export markets.
Power Generation Business[1]
In 2012, the company hived off its power-generation business under a subsidiary named Gokak Power & Energy Limited (GPEL). While GTL holds a 51% stake in GPEL, the remaining 49% is held by Shapoorji Pallonji Infrastructure Capital Company Private Limited. The power generated by GPEL is primarily used by GTL for its spinning unit.