Gloster Ltd
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]
- 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.
Peer comparison
Sector: Textiles Industry: Textiles - Jute - Yarn / Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
- Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2022 17h
- Board Meeting Outcome for Outcome Of Board Meeting 20h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jan
- Board Meeting Intimation for Approval Of The Standalone And Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2022. 17 Jan
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]