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Last Updated on: 15 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Ginni Filaments Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:22 pm

Market Cap 244 Cr.
Current Price 28.5
High / Low45.3/25.0
Stock P/E354
Book Value 22.7
Dividend Yield0.00 %
ROCE2.02 %
ROE24.8 %
Face Value 10.0
PEG Ratio-11.84

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ginni Filaments Ltd

Competitors of Ginni Filaments Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Ginni Filaments Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales194217239218246293328275235218225225229
Expenses167185205193220260298258225223225223231
Operating Profit273233252633301611-501-2
OPM %14%15%14%11%10%11%9%6%5%-2%0%0%-1%
Other Income0010812111011
Interest8655578765488
Depreciation7656677777777
Profit before tax132024142221173-1-17-11-13-16
Tax %36%36%36%36%31%36%38%33%31%39%51%33%32%
Net Profit8131591513112-1-10-5-9-11
EPS in Rs1.171.791.931.151.791.561.240.25-0.12-1.19-0.61-1.03-1.27

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7127458688487507657038097887781,084953897
Expenses715651750760682685649757729668971931902
Operating Profit-39411888687954525911111422-6
OPM %-0%13%14%10%9%10%8%6%8%14%10%2%-1%
Other Income72-613643951143
Interest44443845352930333327242325
Depreciation25242432292626262625262929
Profit before tax-652750137302-396374-26-57
Tax %32%35%28%40%39%47%-21%-0%38%35%35%44%
Net Profit-44183684163-364148-14-35
EPS in Rs-6.182.485.131.100.622.290.38-0.490.815.225.65-1.67-4.10
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)140.91%100.00%-77.78%-50.00%300.00%-81.25%-200.00%300.00%583.33%17.07%-129.17%
Change in YoY Net Profit Growth (%)0.00%-40.91%-177.78%27.78%350.00%-381.25%-118.75%500.00%283.33%-566.26%-146.24%

Ginni Filaments Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-9%
5 Years:-15%
3 Years:-23%
TTM:-23%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-18%
Stock Price CAGR
10 Years:9%
5 Years:28%
3 Years:-5%
1 Year:11%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:-4%
Last Year:-25%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital717171717171717179868686
Reserves22596671105108108115157207193109
Borrowings39835833129427029328831223232825678
Other Liabilities881189692851011219711515610281
Total Liabilities579606564528530573588594583777637354
Fixed Assets282275256243230251238224217269262125
CWIP6221184212340
Investments88882929343434333634
Other Assets283322299276253290314337331472335195
Total Assets579606564528530573588594583777637354

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +6580818085355612114-111943
Cash from Investing Activity +-14-8-12-13-30-31-116-17-76-24179
Cash from Financing Activity +-48-73-68-68-55-4-46-17-9777-94-208
Net Cash Flow2-20-010-11-0-1115

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-3.00-304.00-240.00-243.00-226.00-191.00-239.00-236.00-253.00-121.00-214.00-234.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days383442383245475349499262
Inventory Days132122869811814211113114914430394
Days Payable543420183049473029457378
Cash Conversion Cycle11612110811912013911115516914832278
Working Capital Days73646364669292113113115246109
ROCE %15%21%13%10%14%7%6%8%18%17%4%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters69.72%69.72%69.72%69.73%69.73%69.73%69.73%69.73%69.73%69.73%69.73%69.73%
FIIs0.33%0.38%0.25%0.14%0.08%0.07%0.07%0.07%0.07%0.10%0.07%0.04%
DIIs0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public29.94%29.89%30.02%30.12%30.18%30.20%30.20%30.19%30.20%30.17%30.20%30.24%
No. of Shareholders29,83335,08033,21633,20532,30231,89131,16829,95929,91528,96428,59428,728

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-9.87-1.675.825.820.81
Diluted EPS (Rs.)-9.87-1.675.825.800.81
Cash EPS (Rs.)-8.121.738.668.354.47
Book Value[Excl.RevalReserv]/Share (Rs.)22.7232.5634.1730.1526.26
Book Value[Incl.RevalReserv]/Share (Rs.)22.7232.5634.1730.1526.26
Revenue From Operations / Share (Rs.)40.97111.29126.6198.35111.59
PBDIT / Share (Rs.)2.703.0513.8714.278.86
PBIT / Share (Rs.)0.95-0.3510.8611.145.20
PBT / Share (Rs.)-3.50-3.008.688.021.30
Net Profit / Share (Rs.)-9.87-1.675.655.220.80
PBDIT Margin (%)6.582.7410.9514.517.94
PBIT Margin (%)2.32-0.318.5711.324.65
PBT Margin (%)-8.55-2.696.858.151.16
Net Profit Margin (%)-24.08-1.504.455.300.72
Return on Networth / Equity (%)-43.41-5.1316.5217.303.07
Return on Capital Employeed (%)3.50-0.7822.0529.4412.44
Return On Assets (%)-23.89-2.256.227.070.95
Long Term Debt / Equity (X)0.090.260.300.100.46
Total Debt / Equity (X)0.400.911.110.881.61
Asset Turnover Ratio (%)0.701.351.591.321.34
Current Ratio (X)1.541.281.321.151.11
Quick Ratio (X)1.130.630.590.510.53
Inventory Turnover Ratio (X)1.753.003.082.412.94
Interest Coverage Ratio (X)1.861.154.884.171.90
Interest Coverage Ratio (Post Tax) (X)0.950.362.752.431.01
Enterprise Value (Cr.)315.78398.85688.32362.91336.68
EV / Net Operating Revenue (X)0.890.410.630.460.42
EV / EBITDA (X)13.6715.275.793.215.38
MarketCap / Net Operating Revenue (X)0.730.150.340.190.05
Price / BV (X)1.330.521.270.650.23
Price / Net Operating Revenue (X)0.730.150.340.190.05
EarningsYield-0.32-0.090.120.260.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ginni Filaments Ltd as of November 15, 2024 is: 2,032.74

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 15, 2024, Ginni Filaments Ltd is Undervalued by 7,032.42% compared to the current share price 28.50

Intrinsic Value of Ginni Filaments Ltd as of November 15, 2024 is: 1,424.83

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 15, 2024, Ginni Filaments Ltd is Undervalued by 4,899.40% compared to the current share price 28.50

Last 5 Year EPS CAGR: -29.91%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (739.77 cr) and profit (9.54 cr) over the years.
  1. The stock has a low average ROCE of 11.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 100.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 142.17, which may not be favorable.
  4. The company has higher borrowings (286.50) compared to reserves (110.00), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ginni Filaments Ltd:
    1. Net Profit Margin: -24.08%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 3.5% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -43.41% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.95
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.13
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 354 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.4
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Ginni Filaments Ltd. is a Public Limited Listed company incorporated on 28/07/1982 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L71200UP1982PLC012550 and registration number is 012550. Currently company belongs to the Industry of Textiles - Spinning - Cotton Blended. Company’s Total Operating Revenue is Rs. 1084.46 Cr. and Equity Capital is Rs. 85.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedD-196, Sector � 63, Noida Uttar Pradesh 201307mill1@ginnifilaments.com
http://www.ginnifilaments.com
Management
NamePosition Held
Mr. Shishir JaipuriaChairman & Managing Director
Mr. Saket JaipuriaExecutive Director & President
Mr. S SinghviDirector - Finance & CFO
Mr. Manish AgrawalAdditional Director
Mr. Kalpataru TripathyAdditional Director
Mrs. Sujata SharmaAdditional Director
Mr. Desh Deepak VermaIndependent Director

FAQ

What is the latest intrinsic value of Ginni Filaments Ltd?

The latest intrinsic value of Ginni Filaments Ltd as on 15 November 2024 is ₹2032.74, which is 7032.42% higher than the current market price of ₹28.50.

What is the Market Cap of Ginni Filaments Ltd?

The Market Cap of Ginni Filaments Ltd is 244 Cr..

What is the current Stock Price of Ginni Filaments Ltd as on 15 November 2024?

The current stock price of Ginni Filaments Ltd as on 15 November 2024 is ₹28.5.

What is the High / Low of Ginni Filaments Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ginni Filaments Ltd stocks is 45.3/25.0.

What is the Stock P/E of Ginni Filaments Ltd?

The Stock P/E of Ginni Filaments Ltd is 354.

What is the Book Value of Ginni Filaments Ltd?

The Book Value of Ginni Filaments Ltd is 22.7.

What is the Dividend Yield of Ginni Filaments Ltd?

The Dividend Yield of Ginni Filaments Ltd is 0.00 %.

What is the ROCE of Ginni Filaments Ltd?

The ROCE of Ginni Filaments Ltd is 2.02 %.

What is the ROE of Ginni Filaments Ltd?

The ROE of Ginni Filaments Ltd is 24.8 %.

What is the Face Value of Ginni Filaments Ltd?

The Face Value of Ginni Filaments Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ginni Filaments Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE