Ginni Filaments Ltd

₹ 33.4 4.04%
25 Nov - close price
About

Company is an integrated textile manufacturer. It has two divisions: textiles and consumer products. In the textile division, it produces yarn, fabrics, non-woven fabrics, and garments. Its consumer products include wet wipes, medical disposables, and wound-care products. GFL has production facilities in Panoli (Gujarat), Mathura (Uttar Pradesh), Haridwar (Uttarakhand), and Noida (Uttar Pradesh).[1][2]

Key Points

Products and Manufacturing Capacities
Yarn (100% cotton carded, combed and open end yarns): Combined capacity of 90,000 spindles and 720 rotors[1]
Fabric: 300 tons of processed Knitted Fabrics per month[2]
Garments: Annual capacity of 10 million knitted basic and fashion garments[3]
Non-woven Spunlace Fabric (it is used for making napkins wet & dry tissues etc): 12,000 metric tonnes per annum[4]
Consumer Products: Wet and Dry Wipes( baby wipes, facial wipes, kitchen wipes)[5]

  • Market Cap 286 Cr.
  • Current Price 33.4
  • High / Low 63.7 / 30.0
  • Stock P/E 11.4
  • Book Value 34.3
  • Dividend Yield 0.00 %
  • ROCE 16.9 %
  • ROE 16.7 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.98 times its book value
  • Company has delivered good profit growth of 21.7% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.24% over past five years.
  • Company has a low return on equity of 13.2% over last 3 years.
  • Promoters have pledged 29.6% of their holding.

* 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

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
189.79 209.60 193.75 128.46 194.08 217.13 238.74 217.64 245.64 293.15 328.04 274.85 235.49
182.45 192.02 173.97 108.83 167.16 185.23 205.32 192.88 219.89 259.72 298.22 258.38 224.68
Operating Profit 7.34 17.58 19.78 19.63 26.92 31.90 33.42 24.76 25.75 33.43 29.82 16.47 10.81
OPM % 3.87% 8.39% 10.21% 15.28% 13.87% 14.69% 14.00% 11.38% 10.48% 11.40% 9.09% 5.99% 4.59%
0.93 0.66 6.36 1.67 0.38 0.46 1.01 0.49 7.79 0.77 1.72 0.88 1.08
Interest 7.55 8.62 8.48 7.71 7.66 6.41 5.34 4.80 5.19 6.70 7.67 6.82 6.01
Depreciation 6.20 6.56 6.30 6.58 6.65 6.34 5.23 6.37 6.19 6.64 6.60 7.29 7.35
Profit before tax -5.48 3.06 11.36 7.01 12.99 19.61 23.86 14.08 22.16 20.86 17.27 3.24 -1.47
Tax % 73.18% 96.73% 39.17% 26.82% 36.26% 35.54% 36.09% 35.58% 30.91% 36.00% 38.39% 33.33% 30.61%
Net Profit -1.46 0.10 6.91 5.13 8.27 12.64 15.26 9.07 15.31 13.34 10.65 2.16 -1.02
EPS in Rs -0.21 0.01 0.98 0.73 1.17 1.79 1.93 1.15 1.79 1.56 1.24 0.25 -0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
693 712 745 868 848 750 765 703 809 788 778 1,084 1,132
608 715 651 750 760 682 685 649 757 729 668 971 1,041
Operating Profit 85 -3 94 118 88 68 79 54 52 59 111 114 91
OPM % 12% -0% 13% 14% 10% 9% 10% 8% 6% 8% 14% 10% 8%
6 7 2 -6 1 3 6 4 3 9 5 11 4
Interest 35 44 44 38 45 35 29 30 33 33 27 24 27
Depreciation 26 25 24 24 32 29 26 26 26 26 25 26 28
Profit before tax 31 -65 27 50 13 7 30 2 -3 9 63 74 40
Tax % 41% 32% 35% 28% 40% 39% 47% -21% -0% 38% 35% 35%
Net Profit 18 -44 18 36 8 4 16 3 -3 6 41 48 25
EPS in Rs 2.59 -6.18 2.48 5.13 1.10 0.62 2.29 0.38 -0.49 0.81 5.22 5.65 2.93
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 10%
TTM: 23%
Compounded Profit Growth
10 Years: 12%
5 Years: 22%
3 Years: 145%
TTM: -48%
Stock Price CAGR
10 Years: 17%
5 Years: -6%
3 Years: 59%
1 Year: 4%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 13%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
78 78 78 78 78 78 71 71 71 71 79 86 86
Reserves 48 5 22 59 66 71 105 108 108 115 157 207 208
427 398 390 351 324 286 270 293 288 312 232 328 222
120 63 96 125 104 100 85 101 121 97 115 156 110
Total Liabilities 666 536 579 606 564 528 530 573 588 594 583 777 625
310 297 282 275 256 243 230 251 238 224 217 269 264
CWIP 4 0 6 2 2 1 18 4 2 1 2 3 8
Investments 8 8 8 8 8 8 29 29 34 34 34 33 33
344 231 283 322 299 276 253 290 314 337 331 472 319
Total Assets 666 536 579 606 564 528 530 573 588 594 583 777 625

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2 73 65 80 81 80 85 35 56 12 114 -1
-7 -3 -14 -8 -12 -13 -30 -31 -11 6 -17 -76
9 -70 -48 -73 -68 -68 -55 -4 -46 -17 -97 77
Net Cash Flow -0 -1 2 -2 0 -0 1 0 -1 1 -0 -1

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 31 27 38 34 42 38 32 45 47 53 49 49
Inventory Days 189 88 132 122 86 98 118 142 111 131 149 144
Days Payable 60 23 54 34 20 18 30 49 47 30 29 45
Cash Conversion Cycle 160 92 116 121 108 119 120 139 111 155 169 148
Working Capital Days 111 66 73 64 63 64 66 92 92 113 113 115
ROCE % 13% -4% 15% 21% 13% 10% 14% 7% 6% 8% 18% 17%

Shareholding Pattern

Numbers in percentages

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Dec 2017 Mar 2018 Dec 2018 Dec 2021 Mar 2022 Jun 2022 Sep 2022
61.82 61.82 61.82 61.82 61.82 61.82 61.82 61.99 69.72 69.72 69.72 69.73
0.01 0.01 0.01 0.12 0.08 0.08 0.08 0.01 0.33 0.38 0.25 0.14
0.02 0.02 0.12 0.07 0.08 0.15 0.14 0.02 0.01 0.01 0.01 0.00
38.15 38.15 38.05 38.00 38.02 37.95 37.96 37.98 29.94 29.89 30.02 30.12

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