Gloster Ltd

Gloster Ltd

₹ 920 3.69%
04 Mar 4:01 p.m.
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.

  • Market Cap 1,007 Cr.
  • Current Price 920
  • High / Low 999 / 555
  • Stock P/E 40.2
  • Book Value 988
  • Dividend Yield 4.81 %
  • ROCE 6.62 %
  • ROE 5.09 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.87 times its book value
  • Stock is providing a good dividend yield of 5.20%.
  • Company has been maintaining a healthy dividend payout of 67.8%
  • Company's working capital requirements have reduced from 113 days to 86.8 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 4.94% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
141.97 175.05 184.35 189.82 181.35 178.30 179.04 194.65 158.19 178.30 162.04 162.43 136.95
119.47 153.59 159.11 159.67 155.97 163.37 163.20 165.16 136.18 162.46 146.06 144.65 125.94
Operating Profit 22.50 21.46 25.24 30.15 25.38 14.93 15.84 29.49 22.01 15.84 15.98 17.78 11.01
OPM % 15.85% 12.26% 13.69% 15.88% 14.00% 8.37% 8.85% 15.15% 13.91% 8.88% 9.86% 10.95% 8.04%
3.04 15.35 10.25 6.52 20.37 11.42 13.57 5.04 3.84 3.46 5.04 2.40 3.96
Interest 0.74 0.58 0.32 0.23 0.25 0.54 0.70 0.18 0.54 0.68 0.21 0.33 0.79
Depreciation 7.97 8.79 8.51 8.53 8.66 8.66 8.77 8.82 8.87 9.14 9.20 9.85 9.40
Profit before tax 16.83 27.44 26.66 27.91 36.84 17.15 19.94 25.53 16.44 9.48 11.61 10.00 4.78
Tax % 36.13% 29.48% 31.55% 47.55% 41.31% 37.20% 25.18% 26.91% 24.27% 11.81% 32.90% 33.10% 54.18%
10.75 19.35 18.25 14.64 21.62 10.77 14.92 18.66 12.45 8.36 7.80 6.69 2.18
EPS in Rs 9.86 17.75 16.74 13.43 19.83 9.88 13.69 17.12 11.38 7.64 7.13 6.11 1.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
504 463 501 495 493 734 710 640
434 380 418 428 425 638 627 579
Operating Profit 70 84 84 67 68 96 84 61
OPM % 14% 18% 17% 13% 14% 13% 12% 9%
18 16 17 -4 28 48 25 15
Interest 4 1 1 3 2 1 2 2
Depreciation 31 32 31 31 33 34 36 38
Profit before tax 52 66 69 29 61 109 71 36
Tax % 33% 36% 34% 32% 33% 40% 24%
35 42 45 20 41 65 54 25
EPS in Rs 41.24 17.95 37.85 59.89 49.70 22.87
Dividend Payout % 4% 5% 12% 42% 33% 29% 141%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 13%
TTM: -10%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 25%
TTM: -56%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 43%
1 Year: 35%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 5 5 5 5 11 11
Reserves 860 124 938 926 989 1,065 1,068 1,071
37 17 25 29 24 10 73 107
77 869 90 113 131 159 151 157
Total Liabilities 975 1,011 1,059 1,073 1,149 1,240 1,303 1,346
684 659 639 661 709 709 691 691
CWIP 2 5 6 12 17 60 202 239
Investments 117 150 178 117 112 130 139 142
172 198 235 283 311 341 272 275
Total Assets 975 1,011 1,059 1,073 1,149 1,240 1,303 1,346

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
88 56 37 9 43 126 67
-27 -25 -40 20 -51 -96 -77
-63 -27 0 -6 -14 -29 15
Net Cash Flow -2 4 -2 22 -22 1 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 15 19 25 21 23 15 20
Inventory Days 111 150 142 172 221 126 138
Days Payable 6 14 10 15 10 10 8
Cash Conversion Cycle 120 155 157 179 233 132 149
Working Capital Days 87 112 135 133 157 95 87
ROCE % 13% 12% 5% 6% 9% 7%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.58% 72.58% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63% 72.63%
15.24% 15.08% 15.08% 14.93% 14.93% 14.93% 14.79% 14.74% 14.69% 14.69% 14.68% 14.61%
12.18% 12.34% 12.29% 12.44% 12.44% 12.44% 12.57% 12.62% 12.67% 12.67% 12.68% 12.75%
No. of Shareholders 3,6094,1844,5634,6344,8434,8234,9058,4318,4888,5228,4539,102

* 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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