Globe Textiles (India) Ltd
Incorporated in 1995, Globe Textiles (India) Ltd is involved in trading and manufacturing of textile products[1]
- Market Cap ₹ 145 Cr.
- Current Price ₹ 4.83
- High / Low ₹ 6.24 / 2.70
- Stock P/E 26.5
- Book Value ₹ 3.46
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 8.08 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.02% over last 3 years.
- Company's cost of borrowing seems high
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
115 | 166 | 171 | 183 | 190 | 243 | 257 | 265 | 259 | 383 | 399 | 428 | 414 | |
112 | 160 | 168 | 176 | 182 | 234 | 246 | 255 | 255 | 369 | 382 | 407 | 394 | |
Operating Profit | 3 | 6 | 3 | 6 | 9 | 9 | 12 | 10 | 4 | 15 | 18 | 21 | 20 |
OPM % | 3% | 4% | 2% | 4% | 5% | 4% | 5% | 4% | 2% | 4% | 4% | 5% | 5% |
0 | 0 | 4 | 1 | 2 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 4 | |
Interest | 1 | 3 | 4 | 4 | 5 | 6 | 6 | 7 | 6 | 9 | 12 | 12 | 12 |
Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 |
Profit before tax | 2 | 4 | 3 | 2 | 5 | 5 | 6 | 4 | 1 | 7 | 6 | 8 | 9 |
Tax % | 43% | 37% | 29% | 32% | 32% | 35% | 33% | 22% | 82% | 21% | 20% | 30% | |
1 | 2 | 2 | 2 | 3 | 3 | 4 | 3 | 0 | 5 | 5 | 6 | 6 | |
EPS in Rs | 0.24 | 0.33 | 0.28 | 0.18 | 0.13 | 0.11 | 0.12 | 0.10 | 0.01 | 0.17 | 0.15 | 0.19 | 0.20 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 18% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 195% |
TTM: | 26% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | -22% |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 3 | 3 | 9 | 10 | 10 | 10 | 10 | 30 | 30 | 60 |
Reserves | 7 | 11 | 17 | 19 | 16 | 25 | 29 | 32 | 33 | 20 | 24 | 44 |
16 | 34 | 30 | 40 | 53 | 60 | 55 | 59 | 74 | 91 | 105 | 64 | |
18 | 23 | 20 | 21 | 33 | 37 | 45 | 84 | 97 | 118 | 79 | 80 | |
Total Liabilities | 44 | 70 | 71 | 83 | 111 | 132 | 139 | 186 | 214 | 259 | 239 | 247 |
0 | 1 | 1 | 14 | 17 | 21 | 20 | 19 | 18 | 29 | 31 | 28 | |
CWIP | 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 |
43 | 62 | 56 | 68 | 89 | 111 | 119 | 167 | 196 | 227 | 208 | 219 | |
Total Assets | 44 | 70 | 71 | 83 | 111 | 132 | 139 | 186 | 214 | 259 | 239 | 247 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-7 | -8 | 9 | -7 | -2 | -5 | 10 | 2 | -7 | -9 | -1 | 9 | |
-1 | -7 | -7 | 1 | -8 | -1 | -0 | -1 | -1 | -0 | -3 | 0 | |
8 | 16 | -2 | 6 | 9 | 7 | -12 | -1 | 8 | 9 | 3 | -9 | |
Net Cash Flow | -0 | 1 | 0 | -0 | -1 | 1 | -2 | -0 | -0 | 0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 59 | 64 | 56 | 64 | 84 | 69 | 87 | 133 | 157 | 118 | 100 | 87 |
Inventory Days | 67 | 69 | 54 | 60 | 85 | 74 | 79 | 99 | 100 | 94 | 96 | 106 |
Days Payable | 50 | 39 | 35 | 33 | 54 | 45 | 51 | 114 | 132 | 86 | 80 | 55 |
Cash Conversion Cycle | 76 | 95 | 75 | 91 | 115 | 98 | 115 | 118 | 125 | 126 | 116 | 138 |
Working Capital Days | 66 | 79 | 60 | 88 | 101 | 104 | 99 | 108 | 140 | 104 | 118 | 119 |
ROCE % | 17% | 17% | 14% | 12% | 14% | 12% | 12% | 11% | 7% | 12% | 11% | 13% |
Documents
Announcements
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Shareholders meeting
1 October 2024 - Globe Textiles (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2024
-
Amendment to AOA/MOA
1 October 2024 - Globe Textiles (India) Limited has informed regarding the Amendment to AOA/MOA of the company.
-
Shareholders meeting
30 September 2024 - Globe Textiles (India) Limited has informed regarding Proceedings of Annual General Meeting held on September 30, 2024
-
Trading Window-XBRL
25 September 2024 - GLOBE TEXTILES (INDIA) LIMITED has informed about Closure of Trading Window
-
Trading Window
25 September 2024 - Globe Textiles (India) Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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