GTN Textiles Ltd

GTN Textiles Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GTN Textiles Ltd

₹ 11.7 -2.34%
07 Dec - close price
gtntextiles.com BSE: 532744
About

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]

Key Points

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

Website BSE
  • Market Cap ₹ 13.6 Cr.
  • Current Price ₹ 11.7
  • High / Low ₹ 14.7 / 10.0
  • Stock P/E 3.90
  • Book Value ₹ -0.22
  • Dividend Yield 0.00 %
  • ROCE -2.39 %
  • ROE -104 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of -41.2% over past five years.
  • Company has a low return on equity of -60.3% over last 3 years.
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
6.36 10.95 16.64 15.97 24.14 26.98 16.37 9.99 0.00 0.00 0.00 0.00 0.00
9.81 12.78 17.56 16.33 23.76 27.26 16.82 10.90 0.00 0.00 0.00 0.00 0.00
Operating Profit -3.45 -1.83 -0.92 -0.36 0.38 -0.28 -0.45 -0.91 0.00 0.00 0.00 0.00 0.00
OPM % -54.25% -16.71% -5.53% -2.25% 1.57% -1.04% -2.75% -9.11%
0.02 0.06 -2.87 0.02 -0.12 -0.16 -0.34 0.02 -4.45 3.75 -16.73 -3.29 -4.25
Interest 2.08 2.51 2.33 2.82 2.88 2.63 2.62 2.43 0.00 0.00 0.00 0.00 0.00
Depreciation 0.78 0.78 0.75 0.75 0.75 0.76 0.72 0.71 0.00 0.00 0.00 0.00 0.00
Profit before tax -6.29 -5.06 -6.87 -3.91 -3.37 -3.83 -4.13 -4.03 -4.45 3.75 -16.73 -3.29 -4.25
Tax % 0.00% 0.00% -180.35% 0.00% 0.00% 0.00% 28.81% 0.00% 0.00% 0.00% 20.86% 0.00% 0.00%
-6.29 -5.06 -19.26 -3.91 -3.37 -3.83 -2.94 -4.03 -4.45 3.75 -13.24 -3.29 -4.25
EPS in Rs -5.40 -4.35 -16.55 -3.36 -2.90 -3.29 -2.53 -3.46 -3.82 3.22 -11.37 -2.83 -3.65
Raw PDF

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 TTM
153 114 143 142 131 46 83 10 0
150 107 130 140 132 55 84 11 0
Operating Profit 3 7 13 3 -1 -9 -1 -1 0
OPM % 2% 6% 9% 2% -1% -19% -1% -9%
1 -1 -2 0 0 -3 -1 -17 -21
Interest 9 10 11 9 9 9 11 2 0
Depreciation 4 4 4 3 3 3 3 1 0
Profit before tax -10 -9 -3 -10 -13 -24 -15 -21 -21
Tax % 27% 26% 18% 12% 22% -52% 8% 16%
-7 -2 -4 -8 -10 -36 -14 -18 -17
EPS in Rs -6.00 -1.44 -3.60 -7.23 -8.68 -30.94 -12.07 -15.43 -14.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -41%
3 Years: -58%
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -44%
TTM: 134%
Stock Price CAGR
10 Years: 5%
5 Years: 2%
3 Years: 27%
1 Year: -12%
Return on Equity
10 Years: %
5 Years: -31%
3 Years: -60%
Last Year: -104%

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 Sep 2023
Equity Capital 12 12 12 12 12 12 12 12 12
Reserves -10 78 74 73 63 30 16 -4 -12
Preference Capital 0 0 0 0 0 1 2 2
66 56 60 56 64 71 72 24 36
49 52 59 57 40 24 35 67 62
Total Liabilities 116 198 205 197 179 136 134 99 97
47 135 129 125 122 118 115 0 0
CWIP 0 0 0 0 0 0 0 0 0
Investments 1 5 3 1 0 0 0 0 0
69 58 72 71 57 18 19 99 97
Total Assets 116 198 205 197 179 136 134 99 97

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 8 1
0 0 1 5 0 0 0 27
-18 -18 -6 -12 1 4 -10 -28
Net Cash Flow 1 0 -1 0 5 -4 -2 0

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 64 324
Cash Conversion Cycle 7 -36 8 15 6 76 7 -312
Working Capital Days -12 6 22 23 15 5 -57 1,227
ROCE % 3% 7% -0% -3% -9% -3% -2%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
63.36% 63.36% 63.36% 63.36% 63.36% 63.36% 63.36% 63.37% 63.37% 63.37% 63.37% 63.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01%
0.77% 0.77% 0.75% 0.48% 0.48% 0.49% 0.49% 0.48% 0.48% 0.48% 0.48% 0.48%
35.87% 35.87% 35.89% 36.15% 36.15% 36.15% 36.15% 36.14% 36.16% 36.16% 36.15% 36.15%
No. of Shareholders 15,15415,02415,01315,01915,25015,22915,15815,01414,91414,82414,67614,576

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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