Globe Textiles (India) Ltd

Globe Textiles (India) Ltd

₹ 3.55 4.41%
12 Apr - close price
About

Incorporated in 1995, Globe Textiles (India) Ltd is involved in trading and manufacturing of textile products[1]

Key Points

Business Overview:[1]
Company is a STAR Exporter of Fabrics and garments and has one of its unit in SEZ. It sources, manufactures, supplies and trades complete range of textile and apparel products and services – from fiber to fashion

  • Market Cap 107 Cr.
  • Current Price 3.55
  • High / Low 4.92 / 1.89
  • Stock P/E 20.5
  • Book Value 1.90
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 8.58 %
  • Face Value 2.00

Pros

  • Debtor days have improved from 125 to 99.5 days.
  • Promoter holding has increased by 1.20% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 7.00% over last 3 years.
  • Promoter holding has decreased over last 3 years: -31.2%

* 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 - Products

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Quarterly Results

Figures in Rs. Crores

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
97.81 78.74 66.71 84.60 107.14 124.97 114.74 99.84 74.81 110.04 128.84 105.95 92.83
94.85 76.56 64.14 81.00 102.95 120.59 110.17 94.04 70.42 107.10 123.83 100.85 86.89
Operating Profit 2.96 2.18 2.57 3.60 4.19 4.38 4.57 5.80 4.39 2.94 5.01 5.10 5.94
OPM % 3.03% 2.77% 3.85% 4.26% 3.91% 3.50% 3.98% 5.81% 5.87% 2.67% 3.89% 4.81% 6.40%
0.51 2.06 0.53 0.43 0.45 0.74 0.73 0.42 -0.09 1.35 0.15 0.16 0.14
Interest 1.57 1.84 2.14 2.33 2.38 2.28 2.48 3.42 2.93 2.74 2.63 2.87 3.37
Depreciation 0.31 0.32 0.30 0.31 0.31 0.31 0.75 0.70 0.71 0.72 0.69 0.67 0.73
Profit before tax 1.59 2.08 0.66 1.39 1.95 2.53 2.07 2.10 0.66 0.83 1.84 1.72 1.98
Tax % -10.69% 62.50% 25.76% 33.81% 29.23% 7.51% 21.74% 21.43% 27.27% 8.43% 20.11% 21.51% 17.68%
1.76 0.78 0.49 0.92 1.38 2.34 1.61 1.66 0.48 0.76 1.46 1.35 1.64
EPS in Rs 0.06 0.03 0.02 0.03 0.05 0.08 0.05 0.05 0.02 0.03 0.05 0.04 0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
72 115 166 171 183 190 243 257 265 259 383 399 438
69 112 160 168 176 182 234 246 255 255 369 382 419
Operating Profit 2 3 6 3 6 9 9 12 10 4 15 18 19
OPM % 3% 3% 4% 2% 4% 5% 4% 5% 4% 2% 4% 4% 4%
0 0 0 4 1 2 3 1 2 4 2 2 2
Interest 1 1 3 4 4 5 6 6 7 6 9 12 12
Depreciation 0 0 0 0 0 1 1 1 1 1 1 3 3
Profit before tax 1 2 4 3 2 5 5 6 4 1 7 6 6
Tax % 32% 43% 37% 29% 32% 32% 35% 33% 22% 82% 21% 20%
1 1 2 2 2 3 3 4 3 0 5 5 5
EPS in Rs 0.21 0.24 0.33 0.28 0.18 0.13 0.11 0.12 0.10 0.01 0.17 0.15 0.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 10%
3 Years: 15%
TTM: 6%
Compounded Profit Growth
10 Years: 13%
5 Years: 6%
3 Years: 14%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 9%
1 Year: 52%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 7%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 3 3 9 10 10 10 10 30 30 30
Reserves 4 7 11 17 19 16 25 29 32 33 20 24 27
10 16 34 30 40 53 60 55 59 74 91 105 110
11 18 23 20 21 33 37 45 84 97 118 79 143
Total Liabilities 26 44 70 71 83 111 132 139 186 214 259 239 310
0 0 1 1 14 17 21 20 19 18 29 31 30
CWIP 0 0 7 14 0 5 0 0 0 0 2 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
26 43 62 56 68 89 111 119 167 196 227 208 280
Total Assets 26 44 70 71 83 111 132 139 186 214 259 239 310

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-8 -7 -8 9 -7 -2 -5 10 2 -7 -9 -1
0 -1 -7 -7 1 -8 -1 -0 -1 -1 -0 -3
9 8 16 -2 6 9 7 -12 -1 8 9 3
Net Cash Flow 1 -0 1 0 -0 -1 1 -2 -0 -0 0 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 63 59 64 56 64 84 69 87 133 157 118 100
Inventory Days 69 67 69 54 60 85 74 79 99 100 94 96
Days Payable 51 50 39 35 33 54 45 51 114 132 86 80
Cash Conversion Cycle 81 76 95 75 91 115 98 115 118 125 126 116
Working Capital Days 71 66 79 60 88 101 104 99 108 140 104 118
ROCE % 24% 17% 17% 14% 12% 14% 12% 12% 11% 7% 12% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.36% 73.36% 73.36% 63.44% 60.47% 52.98% 44.37% 41.06% 40.91% 40.91% 40.91% 42.11%
26.63% 26.64% 26.64% 36.56% 39.54% 47.01% 55.63% 58.94% 59.09% 59.09% 59.09% 57.89%
No. of Shareholders 4939,90422,37249,07251,45050,86253,23953,18852,04057,49455,70857,085

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