Gloster Ltd

Gloster Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gloster Ltd

₹ 925 6.54%
25 Apr - close price
glosterjute.com BSE: 542351 NSE : GLOSTERLTD
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 1,012 Cr.
  • Current Price ₹ 925
  • High / Low ₹ 999 / 615
  • Stock P/E 25.2
  • Book Value ₹ 1,007
  • Dividend Yield 4.86 %
  • ROCE 7.31 %
  • ROE 5.61 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.92 times its book value
  • Stock is providing a good dividend yield of 4.86%.
  • Company has been maintaining a healthy dividend payout of 60.6%
  • Company's working capital requirements have reduced from 129 days to 88.7 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 5.46% 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

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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
141.97 175.05 184.35 189.82 181.35 178.30 179.04 194.65 158.19 178.30 162.04 162.43 137.52
119.43 149.71 158.07 153.89 153.24 158.47 160.51 162.39 134.16 162.63 144.33 142.13 123.43
Operating Profit 22.54 25.34 26.28 35.93 28.11 19.83 18.53 32.26 24.03 15.67 17.71 20.30 14.09
OPM % 15.88% 14.48% 14.26% 18.93% 15.50% 11.12% 10.35% 16.57% 15.19% 8.79% 10.93% 12.50% 10.25%
2.83 14.38 5.96 4.24 17.47 7.83 12.38 4.09 3.63 4.26 6.29 4.27 6.61
Interest 0.74 0.60 0.35 0.28 0.29 0.59 0.74 0.22 0.59 0.71 0.23 0.37 0.81
Depreciation 7.95 7.92 8.04 8.05 8.16 8.18 8.28 8.32 8.36 8.41 8.65 9.05 8.88
Profit before tax 16.68 31.20 23.85 31.84 37.13 18.89 21.89 27.81 18.71 10.81 15.12 15.15 11.01
Tax % 36.21% 25.99% 35.09% 35.65% 34.37% 33.93% 24.76% 26.03% 24.10% 7.40% 27.31% 25.35% 28.25%
10.64 23.09 15.48 20.49 24.36 12.48 16.47 20.57 14.20 10.02 10.99 11.32 7.90
EPS in Rs 9.76 21.18 14.20 18.80 22.35 11.45 15.11 18.87 12.98 9.16 10.04 10.34 7.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 1 504 463 501 495 493 734 710 640
0 0 0 434 380 418 428 421 624 620 573
Operating Profit -0 -0 1 70 84 84 67 72 110 91 68
OPM % 62% 14% 18% 17% 14% 15% 15% 13% 11%
1 2 0 16 15 16 -5 26 35 24 21
Interest 0 0 0 3 1 1 3 2 2 2 2
Depreciation 0 0 0 31 32 31 31 32 32 33 35
Profit before tax 1 1 1 51 65 68 28 65 112 79 52
Tax % 12% 6% 13% 34% 37% 35% 31% 31% 35% 23%
1 1 1 34 41 44 19 45 73 61 40
EPS in Rs 40.50 17.70 40.93 66.80 55.98 36.76
Dividend Payout % 0% 0% 0% 4% 5% 12% 43% 31% 26% 125%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 13%
TTM: -10%
Compounded Profit Growth
10 Years: 48%
5 Years: 8%
3 Years: 30%
TTM: -37%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 38%
1 Year: 49%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 2 2 5 5 5 5 11 11
Reserves 8 9 10 72 121 934 921 987 1,070 1,081 1,091
0 0 0 37 17 25 29 27 13 30 26
5 5 5 861 869 90 113 126 148 134 144
Total Liabilities 14 15 16 973 1,008 1,054 1,068 1,145 1,236 1,257 1,272
0 0 0 684 659 639 624 606 608 591 582
CWIP 0 0 0 2 5 6 12 14 1 6 8
Investments 9 10 11 120 153 181 136 180 363 373 376
4 5 5 167 192 228 296 345 264 286 306
Total Assets 14 15 16 973 1,008 1,054 1,068 1,145 1,236 1,257 1,272

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 74 60 38 48 38 136 74
0 -23 -27 -41 -19 -50 -106 -44
0 -53 -29 0 -6 -14 -29 -31
Net Cash Flow 2 -2 4 -2 22 -27 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 15 19 25 21 23 15 20
Inventory Days 111 150 142 172 217 125 137
Days Payable 6 14 10 15 16 9 8
Cash Conversion Cycle 0 120 155 157 179 224 131 149
Working Capital Days -1,160 84 111 133 151 201 96 89
ROCE % 14% 11% 53% 12% 5% 6% 10% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.58% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63%
15.08% 15.08% 14.93% 14.93% 14.93% 14.79% 14.74% 14.69% 14.69% 14.68% 14.61% 14.61%
12.34% 12.29% 12.44% 12.44% 12.44% 12.57% 12.62% 12.67% 12.67% 12.68% 12.75% 12.75%
No. of Shareholders 4,1844,5634,6344,8434,8234,9058,4318,4888,5228,4539,1028,914

* 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.

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