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 ₹ 13.7 Cr.
- Current Price ₹ 11.8
- High / Low ₹ 18.2 / 10.0
- Stock P/E
- Book Value ₹ 6.25
- Dividend Yield 0.00 %
- ROCE -2.39 %
- ROE -2.99 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -41.2% over past five years.
- Company has a low return on equity of -43.2% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| 153 | 114 | 143 | 142 | 131 | 46 | 83 | 10 | |
| 150 | 107 | 130 | 140 | 132 | 55 | 84 | 11 | |
| Operating Profit | 3 | 7 | 13 | 3 | -1 | -9 | -1 | -1 |
| OPM % | 2% | 6% | 9% | 2% | -1% | -19% | -1% | -9% |
| 1 | -1 | -2 | 0 | 0 | -3 | -1 | -17 | |
| Interest | 9 | 10 | 11 | 9 | 9 | 9 | 11 | 2 |
| Depreciation | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 1 |
| Profit before tax | -10 | -9 | -3 | -10 | -13 | -24 | -15 | -21 |
| Tax % | 27% | 26% | 18% | 12% | 22% | -52% | 8% | 16% |
| Net Profit | -7 | -2 | -4 | -8 | -10 | -36 | -14 | -18 |
| EPS in Rs | -6.00 | -1.44 | -3.60 | -7.23 | -8.68 | -30.94 | -12.07 | -15.44 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -41% |
| 3 Years: | -58% |
| TTM: | -88% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 25% |
| TTM: | 96% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | -3% |
| 3 Years: | 31% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -24% |
| 3 Years: | -43% |
| Last Year: | -3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| 12 | 12 | 12 | 12 | 12 | 13 | 13 | 12 | |
| Reserves | -10 | 78 | 74 | 73 | 63 | 30 | 16 | -4 |
| 66 | 56 | 60 | 56 | 64 | 71 | 72 | 26 | |
| 49 | 52 | 59 | 57 | 40 | 24 | 35 | 66 | |
| Total Liabilities | 116 | 198 | 205 | 197 | 179 | 136 | 134 | 99 |
| 47 | 135 | 129 | 125 | 122 | 118 | 115 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 5 | 3 | 1 | 0 | 0 | 0 | 0 |
| 69 | 58 | 72 | 71 | 57 | 18 | 19 | 99 | |
| Total Assets | 116 | 198 | 205 | 197 | 179 | 136 | 134 | 99 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| 18 | 18 | 4 | 8 | 3 | -7 | 12 | ||
| 0 | 0 | 1 | 5 | 0 | 0 | 0 | ||
| -18 | -18 | -6 | -12 | 1 | 4 | -10 | ||
| Net Cash Flow | 1 | 0 | -1 | 0 | 5 | -4 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 44 | 31 | 36 | 31 | 18 | 12 | 0 |
| Inventory Days | 154 | 186 | 228 | 180 | 123 | 109 | 59 | 12 |
| Days Payable | 186 | 266 | 252 | 201 | 148 | 50 | 64 | 310 |
| Cash Conversion Cycle | 7 | -36 | 8 | 15 | 6 | 76 | 7 | -298 |
| Working Capital Days | -12 | 6 | 22 | 23 | 15 | 5 | -57 | -838 |
| ROCE % | 3% | 7% | -0% | -3% | -9% | -3% | -2% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Correspondences dated 29.05.2023, we enclose herewith copies of Newspaper Publication of Extract of the Statement of Audited Financial Results for the quarter and year ended …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - In continuance to our previous filing made on 16 May 2023 w.r.t the Annual Secretarial Compliance Report pursuant to Regulation 24A of Securities Exchange Board …
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
29 May - Shri Arun S Mohan, Chief Financial Officer has resigned from the employemnt of the Company and will be relieved from the said position effective from …
- Appointment Of Shri M Achuthan As Chief Financial Officer W.E.F 1St June 2023 29 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 May
Annual reports
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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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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