GTN Textiles Ltd
Incorporated in 1966, GTN Textile Ltd is in the business of manufacture and sale of Fine and super fine combed cotton yarn, and realty segment[1]
- Market Cap ₹ 14.3 Cr.
- Current Price ₹ 12.3
- High / Low ₹ 15.0 / 10.0
- Stock P/E 4.09
- Book Value ₹ 16.7
- Dividend Yield 0.00 %
- ROCE -1.85 %
- ROE -48.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.73 times its book value
Cons
- The company has delivered a poor sales growth of -41.2% over past five years.
- Company has a low return on equity of -39.2% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 392 days to 1,227 days
* 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 - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 140 | 209 | 286 | 186 | 153 | 114 | 143 | 142 | 131 | 46 | 83 | 10 | 0 | |
| 131 | 198 | 264 | 176 | 150 | 107 | 130 | 138 | 131 | 55 | 84 | 11 | 0 | |
| Operating Profit | 9 | 12 | 22 | 10 | 3 | 7 | 13 | 4 | 0 | -9 | -1 | -1 | 0 |
| OPM % | 6% | 6% | 8% | 5% | 2% | 6% | 9% | 3% | 0% | -19% | -1% | -9% | |
| 0 | 0 | 1 | 1 | 0 | -1 | -2 | 0 | 0 | -3 | -1 | -17 | -27 | |
| Interest | 10 | 11 | 13 | 11 | 9 | 10 | 11 | 9 | 9 | 9 | 11 | 2 | 0 |
| Depreciation | 6 | 6 | 6 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 1 | 0 |
| Profit before tax | -6 | -5 | 4 | -4 | -10 | -9 | -3 | -8 | -12 | -24 | -15 | -21 | -27 |
| Tax % | 32% | 29% | 50% | 32% | 26% | 26% | 18% | 13% | 25% | -52% | 8% | 16% | |
| -4 | -4 | 2 | -3 | -7 | -6 | -2 | -7 | -9 | -36 | -14 | -18 | -23 | |
| EPS in Rs | -3.81 | -3.06 | 1.68 | -2.63 | -6.31 | -5.41 | -1.87 | -6.30 | -7.50 | -30.94 | -12.07 | -15.43 | -20.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -26% |
| 5 Years: | -41% |
| 3 Years: | -58% |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 153% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 0% |
| 3 Years: | 30% |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | -15% |
| 5 Years: | -22% |
| 3 Years: | -39% |
| Last Year: | -49% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 20 | 17 | 19 | 16 | 8 | 93 | 91 | 91 | 82 | 49 | 35 | 15 | 8 |
| Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | |
| 76 | 75 | 69 | 75 | 66 | 56 | 60 | 56 | 64 | 71 | 72 | 24 | 36 | |
| 46 | 46 | 55 | 29 | 49 | 52 | 59 | 57 | 40 | 24 | 35 | 67 | 62 | |
| Total Liabilities | 153 | 150 | 155 | 131 | 135 | 212 | 221 | 216 | 198 | 156 | 154 | 119 | 117 |
| 66 | 60 | 57 | 51 | 47 | 135 | 129 | 125 | 122 | 118 | 115 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| 67 | 70 | 78 | 61 | 69 | 58 | 72 | 71 | 57 | 18 | 19 | 99 | 97 | |
| Total Assets | 153 | 150 | 155 | 131 | 135 | 212 | 221 | 216 | 198 | 156 | 154 | 119 | 117 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 10 | 20 | 0 | 18 | 18 | 4 | 8 | 3 | -7 | 8 | 1 | |
| -3 | 0 | -2 | 2 | 0 | 0 | 1 | 5 | 0 | 0 | 0 | 27 | |
| -30 | -11 | -18 | -3 | -18 | -18 | -6 | -12 | 1 | 4 | -10 | -28 | |
| Net Cash Flow | -6 | -0 | 0 | -2 | 1 | 0 | -1 | 0 | 5 | -4 | -2 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 36 | 28 | 29 | 25 | 40 | 44 | 31 | 36 | 31 | 18 | 12 | 0 |
| Inventory Days | 180 | 101 | 71 | 111 | 154 | 186 | 228 | 179 | 123 | 106 | 58 | 12 |
| Days Payable | 143 | 88 | 81 | 71 | 186 | 266 | 252 | 201 | 147 | 49 | 63 | 320 |
| Cash Conversion Cycle | 74 | 41 | 18 | 65 | 7 | -36 | 8 | 15 | 6 | 75 | 7 | -308 |
| Working Capital Days | 15 | 11 | 10 | 34 | 12 | 6 | 22 | 23 | 15 | 5 | -57 | 1,227 |
| ROCE % | 3% | 5% | 17% | 6% | -1% | 3% | 6% | 1% | -2% | -8% | -3% | -2% |
Documents
Announcements
- Certificate Under Reg 40 Of SEBI (LODR) Regulations 2015 1d
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 11 Apr
- Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 2 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Apr - Confirmation Certificate under Reg 74(5) of SEBI(DP)Regulations 2018 for quarter ended 31 March 2024
-
Compliance Certificate Under Reg 7(3) Of SEBI (LODR) Regulations 2015
1 Apr - Compliance Certificate for period ended 31 March 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Product Profile:[1]
a) Infiniti (Compact):
It is a lower yarn hairiness product with higher strength and elongation
b) Ring Spun Yarns:
Company manufactures yarn of various counts ranging from Ne 24's to Ne 200's including High Twist yarn, Reverse Twist yarn & Gassed yarn
c) Wonder Twist (Siro Compact):
It is production of a two ply yarn by combining the Compact and Siro systems
d) Slub Yarns:
Company supplies 100% Cotton Yarn Slubs of Short/ Medium/ Long slub patterns of yarn counts Ne20s to Ne60s from its Premium Raw Cotton blends meant for both Knitting and Weaving Applications
e) Knitted Fabrics:
Company supplies Weft Knitted fabrics of any patterns such as Single Jersey, Interlock, Rib, Fleece, Pique, honey comb etc. made out of 100% Cotton, Cotton + Elaspan