Gloster Ltd

₹ 739 0.58%
03 Feb - close price
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

Established player in Jute Industry
Gloster Limited is a stop shop for all kinds of jute products and it also exports them across the globe. They keep adding the new and latest versions of the jute products in their product portfolio. Gloster has a very wide and diversified product portfolio for jute and jute blended products. [1]

  • Market Cap 808 Cr.
  • Current Price 739
  • High / Low 1,012 / 425
  • Stock P/E 14.2
  • Book Value 998
  • Dividend Yield 3.39 %
  • ROCE 9.38 %
  • ROE 5.66 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.74 times its book value
  • Stock is providing a good dividend yield of 3.39%.
  • Company has been maintaining a healthy dividend payout of 34.8%
  • Company's working capital requirements have reduced from 128 days to 95.0 days

Cons

  • The company has delivered a poor sales growth of 7.81% over past five years.
  • Company has a low return on equity of 4.27% over last 3 years.
  • Earnings include an other income of Rs.33.9 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
132 113 55 121 142 175 184 190 181 178 179 195 158
111 98 50 102 119 154 159 160 156 163 163 165 136
Operating Profit 22 14 5 20 22 21 25 30 25 15 16 29 22
OPM % 16% 13% 9% 16% 16% 12% 14% 16% 14% 8% 9% 15% 14%
2 2 5 4 3 15 10 7 20 11 14 5 4
Interest 1 1 0 0 1 1 0 0 0 1 1 0 1
Depreciation 8 8 8 8 8 9 9 9 9 9 9 9 9
Profit before tax 15 7 2 15 17 27 27 28 37 17 20 26 16
Tax % 36% 24% 32% 35% 36% 29% 32% 48% 41% 37% 25% 27% 24%
Net Profit 10 5 1 10 11 19 18 15 22 11 15 19 12
EPS in Rs 8.82 4.97 1.24 9.01 9.86 17.75 16.74 13.43 19.83 9.88 13.69 17.12 11.38
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
504 463 501 495 493 734 710
434 380 418 428 425 638 628
Operating Profit 70 84 84 67 68 96 82
OPM % 14% 18% 17% 13% 14% 13% 12%
18 16 17 -4 28 48 34
Interest 4 1 1 3 2 1 2
Depreciation 31 32 31 31 33 34 35
Profit before tax 52 66 69 29 61 109 79
Tax % 33% 36% 34% 32% 33% 40%
Net Profit 35 42 45 20 41 65 57
EPS in Rs 41.24 17.95 37.85 59.89 52.07
Dividend Payout % 4% 5% 12% 42% 33% 29%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 14%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 10%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 33%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
2 787 5 5 5 5 5
Reserves 860 124 938 926 989 1,065 1,082
37 17 25 29 24 10 24
77 869 90 113 131 159 171
Total Liabilities 975 1,011 1,059 1,073 1,149 1,240 1,283
684 659 639 661 709 709 695
CWIP 2 5 6 12 17 60 136
Investments 117 150 178 117 112 130 132
172 198 235 283 311 341 321
Total Assets 975 1,011 1,059 1,073 1,149 1,240 1,283

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
88 56 37 9 43 126
-27 -25 -40 20 -51 -96
-63 -27 0 -6 -14 -29
Net Cash Flow -2 4 -2 22 -22 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 15 19 25 21 23 15
Inventory Days 111 150 142 172 221 126
Days Payable 6 14 10 15 10 10
Cash Conversion Cycle 120 155 157 179 233 132
Working Capital Days 87 112 135 133 157 95
ROCE % 7% 7% 5% 6% 9%

Shareholding Pattern

Numbers in percentages

2 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
72.56 72.56 72.56 72.58 72.58 72.58 72.63 72.63 72.63 72.63 72.63 72.63
17.49 17.09 16.76 15.97 15.24 15.08 15.08 14.93 14.93 14.93 14.79 14.74
9.95 10.35 10.68 11.45 12.18 12.34 12.29 12.44 12.44 12.44 12.57 12.62

* 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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