GTN Textiles Ltd

₹ 12.0 -2.28%
25 Nov - close price
About

GTN Textiles Ltd is engaged primarily in the business of manufacture and Sale of Fine and super fine combed cotton yarn.[1]

Key Points

Export Revenues
In FY21, exports accounted for ~33% revenues compared to ~44% revenues in FY20. The rest of revenues were contributed by local sales.[1]

  • Market Cap 14.0 Cr.
  • Current Price 12.0
  • High / Low 22.2 / 9.85
  • Stock P/E
  • Book Value 33.1
  • Dividend Yield 0.00 %
  • ROCE -2.80 %
  • ROE -24.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.36 times its book value
  • Market value of investments Rs.14.3 Cr. is more than the Market Cap Rs.14.0 Cr.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.99% over past five years.
  • Company has a low return on equity of -24.3% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
35.50 28.26 29.27 12.31 6.36 10.95 16.64 15.97 24.14 26.98 16.37 9.99 0.00
35.38 29.53 29.29 14.87 9.83 12.78 17.56 16.33 23.76 27.26 16.82 10.90 0.00
Operating Profit 0.12 -1.27 -0.02 -2.56 -3.47 -1.83 -0.92 -0.36 0.38 -0.28 -0.45 -0.91 0.00
OPM % 0.34% -4.49% -0.07% -20.80% -54.56% -16.71% -5.53% -2.25% 1.57% -1.04% -2.75% -9.11%
0.00 0.11 0.01 0.05 0.02 0.06 -2.87 0.02 -0.12 -0.16 -0.34 0.02 -4.45
Interest 2.30 2.18 1.77 2.10 2.06 2.51 2.33 2.82 2.88 2.63 2.62 2.43 0.00
Depreciation 0.81 0.79 0.82 0.78 0.78 0.78 0.75 0.75 0.75 0.76 0.72 0.71 0.00
Profit before tax -2.99 -4.13 -2.60 -5.39 -6.29 -5.06 -6.87 -3.91 -3.37 -3.83 -4.13 -4.03 -4.45
Tax % 0.00% 0.00% 111.54% 0.00% 0.00% 0.00% -180.35% 0.00% 0.00% 0.00% 28.81% 0.00% 0.00%
Net Profit -2.99 -4.13 0.30 -5.39 -6.29 -5.06 -19.26 -3.91 -3.37 -3.83 -2.94 -4.03 -4.45
EPS in Rs -2.57 -3.55 0.26 -4.63 -5.40 -4.35 -16.55 -3.36 -2.90 -3.29 -2.53 -3.46 -3.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
149 140 209 286 186 153 114 143 142 131 46 83 53
131 131 198 264 176 150 107 130 138 131 55 84 55
Operating Profit 19 9 12 22 10 3 7 13 4 0 -9 -1 -2
OPM % 12% 6% 6% 8% 5% 2% 6% 9% 3% 0% -19% -1% -3%
1 0 0 1 1 0 -1 -2 0 0 -3 -1 -5
Interest 8 10 11 13 11 9 10 11 9 9 9 11 8
Depreciation 6 6 6 6 5 4 4 4 3 3 3 3 2
Profit before tax 5 -6 -5 4 -4 -10 -9 -3 -8 -12 -24 -15 -16
Tax % 19% 32% 29% 50% 32% 26% 26% 18% 13% 25% -52% 8%
Net Profit 4 -4 -4 2 -3 -7 -6 -2 -7 -9 -36 -14 -15
EPS in Rs 3.27 -3.81 -3.06 1.68 -2.63 -6.31 -5.41 -1.87 -6.30 -7.50 -30.94 -12.07 -13.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -6%
3 Years: -16%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -40%
TTM: 70%
Stock Price CAGR
10 Years: 5%
5 Years: -13%
3 Years: 24%
1 Year: 12%
Return on Equity
10 Years: -13%
5 Years: -15%
3 Years: -24%
Last Year: -24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
12 12 12 12 12 12 12 12 12 12 13 13 12
Reserves 25 20 17 19 16 8 93 91 91 82 49 35 27
97 76 75 69 75 66 56 60 56 64 71 72 24
30 46 46 55 29 49 52 59 57 40 24 35 87
Total Liabilities 163 153 150 155 131 135 212 221 216 198 156 154 149
69 66 60 57 51 47 135 129 125 122 118 115 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
74 67 70 78 61 69 58 72 71 57 18 19 129
Total Assets 163 153 150 155 131 135 212 221 216 198 156 154 149

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10 27 10 20 0 18 18 4 8 3 -7 12
0 -3 0 -2 2 0 0 1 5 0 0 0
-3 -30 -11 -18 -3 -18 -18 -6 -12 1 4 -10
Net Cash Flow 6 -6 -0 0 -2 1 0 -1 0 5 -4 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 27 36 28 29 25 40 44 31 36 31 18 12
Inventory Days 163 180 101 71 111 154 186 228 179 123 106 58
Days Payable 75 143 88 81 71 186 266 252 201 147 49 63
Cash Conversion Cycle 115 74 41 18 65 7 -36 8 15 6 75 7
Working Capital Days 59 15 11 10 34 12 6 22 23 15 5 -57
ROCE % 11% 3% 5% 17% 6% -1% 3% 6% 1% -2% -8% -3%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
63.36 63.36 63.36 63.36 63.36 63.36 63.36 63.36 63.36 63.36 63.36 63.37
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
0.82 0.77 0.77 0.77 0.77 0.77 0.75 0.48 0.48 0.49 0.49 0.48
35.82 35.87 35.87 35.87 35.87 35.87 35.89 36.15 36.15 36.15 36.15 36.14

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