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Globe Textiles (I)

₹3.3 0 | 0%

WEBSITE BSE:0 NSE : 18 May, 12:49

Market Cap ₹98 Cr.

Stock P/E 10.0

P/B 0.9

Current Price ₹3.3

Book Value ₹ 3.5

Face Value 2

52W High ₹4.9

Dividend Yield 0%

52W Low ₹ 1.9

Edit Ratio

Globe Textiles (I) Research see more...

Overview Inc. Year: 1995Industry: Textile

Globe Textiles (India) Limited is a publicly listed company based in Ahmedabad, Gujarat. Incorporated on October 4 1995, it operates in the textiles sector, specializing in the manufacture, supply, and trade of a wide range of textile and apparel products and services. With a focus on innovation and sustainability, Globe Textiles serves both domestic and international markets. It has six manufacturing units and employs over 1200 workers, with a production capacity that includes 2 million bed sets, 36 million meters of fabric, and 2.5 million bottoms per year.The promoters of Globe Textiles hold 40.91% of the company’s shares as of December 2023, with no pledges on these holdings. The public holds 59.09% of the shares, indicating a broad investor base. Clientele includes customers from India, Europe, and the US.

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Globe Textiles (I) Share Price

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Peer Comparison

Globe Textiles (I) Quarterly Results

#(Fig in Cr.) Mar 2021 Jun 2021 Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 79 67 85 107 115 100 75 129 106 93
Other Income 2 1 0 0 1 0 -0 0 0 0
Total Income 81 67 85 108 115 100 75 129 106 93
Total Expenditure 77 64 81 103 110 94 70 124 101 87
Operating Profit 4 3 4 5 5 6 4 5 5 6
Interest 2 2 2 2 2 3 3 3 3 3
Depreciation 0 0 0 0 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 1 1 2 2 2 1 2 2 2
Provision for Tax 1 0 0 1 0 0 0 0 0 0
Profit After Tax 1 0 1 1 2 2 0 1 1 2
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments 1 0 1 1 2 2 0 1 1 2
Adjusted Earnings Per Share 0.1 0 0.1 0.1 0.1 0.1 0 0.1 0.1 0.1

Globe Textiles (I) Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 0 0 171 183 190 243 257 265 259 383 399 403
Other Income 0 2 4 1 2 3 1 2 5 2 2 0
Total Income 0 2 175 183 192 246 258 267 264 386 402 403
Total Expenditure 0 0 168 176 182 234 246 255 255 369 382 382
Operating Profit 0 2 7 7 10 12 12 12 9 17 20 20
Interest 0 0 4 4 5 6 6 7 6 9 12 12
Depreciation 0 0 0 0 1 1 1 1 1 1 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 2 3 2 5 5 6 4 1 7 6 7
Provision for Tax 0 0 1 1 2 2 2 1 1 1 1 0
Profit After Tax 0 2 2 2 3 3 4 3 0 5 5 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 2 2 2 3 3 4 3 0 5 5 4
Adjusted Earnings Per Share 0 0 0 0 0 0.2 0.2 0.2 0 0.3 0.3 0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 15% 10% 0%
Operating Profit CAGR 18% 19% 11% 0%
PAT CAGR 0% 19% 11% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 39% 8% 18% NA%
ROE Average 9% 7% 8% 10%
ROCE Average 11% 10% 11% 10%

Globe Textiles (I) Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 9 14 20 22 25 35 39 42 43 50 54
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 4 5 4 8 5 5 3 9 18 24
Other Non-Current Liabilities 0 0 0 0 1 1 1 1 2 2 2
Total Current Liabilities 34 52 49 57 78 91 94 139 160 189 159
Total Liabilities 44 70 74 83 111 132 139 186 214 259 239
Fixed Assets 0 1 1 14 17 21 20 19 18 29 31
Other Non-Current Assets 3 7 17 1 7 0 1 2 2 5 2
Total Current Assets 41 62 56 68 88 110 118 164 194 225 206
Total Assets 44 70 74 83 111 132 139 186 214 259 239

Globe Textiles (I) Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 2 2 2 1 3 0 0 0 0
Cash Flow from Operating Activities 0 0 9 -7 -2 -5 10 2 -7 -9 -1
Cash Flow from Investing Activities 0 0 -6 1 -8 -1 -0 -1 -1 -0 -3
Cash Flow from Financing Activities 0 0 -2 6 9 7 -12 -1 8 9 3
Net Cash Inflow / Outflow 0 0 0 -0 -1 1 -2 -0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 2 2 1 3 0 0 0 0 0

Globe Textiles (I) Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 0 0 0 0.22 0.25 0.2 0.02 0.34 0.3
CEPS(Rs) 0 0.22 0.19 0.16 0.32 0.29 0.32 0.29 0.1 0.42 0.49
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 0 0 0 2.31 2.56 2.8 2.83 3.29 3.6
Core EBITDA Margin(%) 0 0 1.48 3.48 4.64 3.68 4.56 3.79 1.68 3.84 4.42
EBIT Margin(%) 0 0 4.05 3.69 5.01 4.43 4.41 4.02 2.93 4.08 4.31
Pre Tax Margin(%) 0 0 1.92 1.3 2.6 2.09 2.18 1.5 0.52 1.7 1.41
PAT Margin (%) 0 0 1.38 0.91 1.78 1.36 1.45 1.17 0.1 1.34 1.13
Cash Profit Margin (%) 0 0 1.44 1.14 2.2 1.79 1.9 1.64 0.58 1.66 1.85
ROA(%) 0 3.89 3.27 2.13 3.49 2.72 2.76 1.91 0.13 2.17 1.81
ROE(%) 0 19.34 14.01 8.01 14.5 11.02 10.17 7.66 0.59 11.1 8.65
ROCE(%) 0 6.08 14.17 12.01 13.61 12.43 12.06 10.97 6.98 12.17 11.47
Receivable days 0 0 59.21 58.14 72.27 67.23 75.89 108.63 146.64 112.23 106.48
Inventory Days 0 0 54.81 49.4 62 61.43 64.99 73.8 86.25 70.76 77.33
Payable days 0 0 35.83 33.31 42.9 43.16 46.7 75.94 113.55 84.8 77.87
PER(x) 0 0 0 0 0 11.24 7.65 6.93 161.2 21.33 6.59
Price/Book(x) 0 0 0 0 0 1.06 0.74 0.51 0.95 2.2 0.55
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0.17 0.23 0.32 0.42 0.35 0.32 0.48 0.59 0.35
EV/Core EBITDA(x) 0 14.69 4.24 5.76 5.88 8.7 7.17 7.12 13.94 13.29 7.04
Net Sales Growth(%) 0 0 0 6.96 4.33 27.46 6.04 3.03 -2.29 47.99 4.17
EBIT Growth(%) 0 0 211.58 -2.5 41.73 12.69 5.53 -5.86 -28.74 105.8 9.97
PAT Growth(%) 0 0 6.39 -29.19 102.99 -2.49 13.2 -17.18 -91.89 1944.39 -12.27
EPS Growth(%) 0 0 0 0 0 -15.73 13.2 -17.19 -91.9 1946.99 -12.27
Debt/Equity(x) 1.78 2.46 1.51 1.85 2.12 1.71 1.42 1.39 1.73 1.82 1.94
Current Ratio(x) 1.19 1.19 1.15 1.19 1.12 1.21 1.26 1.18 1.21 1.19 1.29
Quick Ratio(x) 0.62 0.66 0.68 0.73 0.63 0.73 0.74 0.76 0.82 0.74 0.77
Interest Cover(x) 0 0 1.91 1.55 2.08 1.89 1.98 1.6 1.22 1.72 1.49
Total Debt/Mcap(x) 0 0 0 0 0 1.32 1.57 2.25 1.5 0.68 2.9

Globe Textiles (I) Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.36 63.44 60.46 52.98 44.37 41.06 40.91 40.91 40.91 42.11
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26.64 36.56 39.54 47.02 55.63 58.94 59.09 59.09 59.09 57.89
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 84.8 to 77.87days.

Cons

  • Promoter holding is low: 42.11%.
  • Company has a low return on equity of 7% over the last 3 years.

* 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.

Globe Textiles (I) News

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