Gloster Ltd

₹ 1,146 0.04%
18 Aug - 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 One stop shop for all kinds of jute products and it also exports them across the globe. They keep adding new and latest version of the jute products in its product portfolio.
Gloster has very wide and diversified product portfolio for jute and jute blended products. [1]

  • Market Cap 627 Cr.
  • Current Price 1,146
  • High / Low 1,350 / 850
  • Stock P/E 10.9
  • Book Value 1,957
  • Dividend Yield 2.18 %
  • ROCE 9.38 %
  • ROE 5.66 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.59 times its book value
  • Company has been maintaining a healthy dividend payout of 34.8%

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% for last 3 years.
  • Earnings include an other income of Rs.51.9 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
118 132 132 113 55 121 142 175 184 190 181 178 179
106 113 111 98 50 102 119 154 159 160 156 163 163
Operating Profit 11 19 22 14 5 20 22 21 25 30 25 15 16
OPM % 10% 15% 16% 13% 9% 16% 16% 12% 14% 16% 14% 8% 9%
-11 3 2 2 5 4 3 15 10 7 20 11 14
Interest 0 0 1 1 0 0 1 1 0 0 0 1 1
Depreciation 8 8 8 8 8 8 8 9 9 9 9 9 9
Profit before tax -8 15 15 7 2 15 17 27 27 28 37 17 20
Tax % 39% 35% 36% 24% 32% 35% 36% 29% 32% 48% 41% 37% 25%
Net Profit -5 9 10 5 1 10 11 19 18 15 22 11 15
EPS in Rs -9.05 17.34 17.56 9.91 2.47 17.95 19.65 35.36 33.35 26.76 39.51 19.68 27.27

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
504 463 501 495 493 734 729
434 380 418 428 425 638 642
Operating Profit 70 84 84 67 68 96 86
OPM % 14% 18% 17% 13% 14% 13% 12%
18 16 17 -4 28 48 52
Interest 4 1 1 3 2 1 2
Depreciation 31 32 31 31 33 34 35
Profit before tax 52 66 69 29 61 109 102
Tax % 33% 36% 34% 32% 33% 40%
Net Profit 35 42 45 20 41 65 62
EPS in Rs 82.15 35.77 75.41 119.31 113.22
Dividend Payout % 4% 5% 12% 42% 33% 29%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 14%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 10%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 22%
1 Year: -9%
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
2 787 5 5 5 5
Reserves 860 124 938 926 989 1,065
37 17 25 29 24 10
77 869 90 113 131 159
Total Liabilities 975 1,011 1,059 1,073 1,149 1,240
684 659 639 661 709 709
CWIP 2 5 6 12 17 60
Investments 117 150 178 117 112 130
172 198 235 283 311 341
Total Assets 975 1,011 1,059 1,073 1,149 1,240

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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
72.56 72.56 72.56 72.56 72.56 72.58 72.58 72.58 72.63 72.63 72.63 72.63
18.82 18.58 17.49 17.09 16.76 15.97 15.24 15.08 15.08 14.93 14.93 14.93
8.62 8.85 9.95 10.35 10.68 11.45 12.18 12.34 12.29 12.44 12.44 12.44

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