Gokak Textiles Ltd
Incorporated in 2007, Gokak Textiles Limited is engaged in manufacturing of yarns, fabrics, etc. and generation of hydro power
- Market Cap ₹ 135 Cr.
- Current Price ₹ 208
- High / Low ₹ 250 / 22.4
- Stock P/E
- Book Value ₹ -72.6
- Dividend Yield 0.00 %
- ROCE -25.3 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -13.8% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 475 | 358 | 348 | 330 | 102 | 83 | 177 | 179 | 103 | 111 | 126 | 84 | 102 | |
| 496 | 328 | 336 | 336 | 114 | 101 | 188 | 190 | 128 | 123 | 134 | 99 | 121 | |
| Operating Profit | -21 | 30 | 12 | -6 | -13 | -18 | -11 | -11 | -25 | -12 | -8 | -14 | -19 |
| OPM % | -4% | 8% | 4% | -2% | -13% | -21% | -6% | -6% | -24% | -11% | -6% | -17% | -19% |
| 4 | 2 | 2 | 3 | 4 | 13 | 3 | 8 | 5 | 2 | 4 | 37 | 50 | |
| Interest | 41 | 32 | 34 | 32 | 15 | 26 | 23 | 22 | 20 | 21 | 22 | 10 | 10 |
| Depreciation | 20 | 12 | 12 | 9 | 4 | 8 | 8 | 7 | 7 | 7 | 6 | 6 | 6 |
| Profit before tax | -78 | -12 | -31 | -45 | -28 | -39 | -37 | -33 | -48 | -38 | -31 | 6 | 14 |
| Tax % | 1% | -14% | 7% | 3% | 7% | 20% | -25% | 0% | 0% | 0% | 0% | 0% | |
| -78 | -13 | -29 | -43 | -26 | -31 | -47 | -33 | -48 | -38 | -31 | 6 | 14 | |
| EPS in Rs | -117.01 | -9.86 | -39.70 | -59.62 | -37.82 | -46.87 | -58.38 | -47.02 | -68.52 | -52.48 | -44.37 | 8.35 | 23.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | -14% |
| 3 Years: | -6% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 14% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 55% |
| 3 Years: | 117% |
| 1 Year: | 700% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -17 | -24 | -50 | -90 | -78 | -50 | -181 | -211 | -256 | -290 | -319 | -202 | -54 |
| Preference Capital | 0 | 0 | 0 | 20 | 0 | 0 | 124 | 154 | 154 | 186 | 189 | 193 | |
| 223 | 221 | 236 | 234 | 230 | 194 | 197 | 173 | 209 | 193 | 215 | 76 | 120 | |
| 78 | 87 | 107 | 104 | 68 | 53 | 159 | 197 | 194 | 228 | 217 | 223 | 27 | |
| Total Liabilities | 291 | 290 | 300 | 254 | 226 | 203 | 182 | 166 | 155 | 138 | 120 | 103 | 100 |
| 151 | 148 | 137 | 128 | 122 | 114 | 107 | 100 | 93 | 86 | 79 | 73 | 71 | |
| CWIP | 3 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 137 | 143 | 161 | 126 | 103 | 89 | 75 | 66 | 61 | 52 | 41 | 29 | 30 | |
| Total Assets | 291 | 290 | 300 | 254 | 226 | 203 | 182 | 166 | 155 | 138 | 120 | 103 | 100 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 35 | 20 | 35 | -16 | -3 | -7 | 3 | -16 | 2 | -7 | -4 | |
| -5 | -6 | -1 | 0 | 8 | 2 | 2 | 0 | 3 | 3 | 2 | 8 | |
| -16 | -35 | -19 | -15 | -4 | -6 | 5 | -4 | 16 | -5 | 4 | -4 | |
| Net Cash Flow | 13 | -5 | -0 | 20 | -13 | -6 | 0 | -1 | 3 | 0 | -1 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 33 | 27 | 23 | 35 | 31 | 12 | 9 |
| Inventory Days | 76 | 134 | 167 | 73 | 217 | 221 | 85 | 74 | 108 | 100 | 74 | 109 |
| Days Payable | 27 | 76 | 122 | 77 | 153 | 151 | 58 | 88 | 151 | 174 | 87 | 126 |
| Cash Conversion Cycle | 64 | 82 | 64 | 10 | 107 | 103 | 54 | 9 | -7 | -43 | -1 | -8 |
| Working Capital Days | 26 | 29 | 13 | -32 | -82 | -138 | -47 | -11 | -40 | -29 | -15 | -35 |
| ROCE % | 9% | 1% | -6% | -9% | -9% | -10% | -8% | -27% | -19% | -14% | -25% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 6 May
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
4 May - Certified True Copy of the Order of the Hon''ble National Company Law Tribunal, Bengaluru Bench, approving the Composite Scheme of Arrangement amongst Suryoday One Energy …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
25 Apr - Of order of the Hon''ble National Company Law Tribunal, Bengaluru Bench, approving the Composite Scheme of Arrangement amongst Suryoday One Energy Private Limited and Gokak …
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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Financial Year 2009
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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.