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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ginni Filaments Ltd

About the Company - Ginni Filaments Ltd

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 Blended110 K.M. Stone, Delhi-Mathura Road, Mathura District Uttar Pradesh 281401mill1@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. J P KundraIndependent Director
Mr. J K BhagatIndependent Director
Mrs. Manju RanaIndependent Director
Mr. Desh Deepak VermaIndependent Director

Ginni Filaments Ltd. Share Price Update

Share PriceValue
Today₹38.06
Previous Day₹39.49

Basic Stock Data of Ginni Filaments Ltd

Market Cap 330 Cr.
Current Price 38.6
High / Low45.3/16.0
Stock P/E
Book Value 30.2
Dividend Yield0.00 %
ROCE0.53 %
ROE5.04 %
Face Value 10.0

Data Source: screener.in

Ginni Filaments Ltd Quarterly Results

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

Ginni Filaments Ltd Quarterly Chart

Ginni Filaments Ltd Profit & Loss

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%

Ginni Filaments Ltd Profit & Loss Yearly Chart

Ginni Filaments Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:6%
3 Years:7%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-2564%
Stock Price CAGR
10 Years:15%
5 Years:25%
3 Years:30%
1 Year:48%
Return on Equity
10 Years:8%
5 Years:6%
3 Years:9%
Last Year:-5%

Ginni Filaments Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital71717171717171717179868686
Reserves522596671105108108115157207193173
Preference Capital888880000000
Borrowings398390351324286270293288312232328256284
Other Liabilities6396125104100851011219711515610290
Total Liabilities536579606564528530573588594583777637633
Fixed Assets297282275256243230251238224217269262280
CWIP06221184212340
Investments888882929343434333636
Other Assets231283322299276253290314337331472335318
Total Assets536579606564528530573588594583777637633

Ginni Filaments Ltd Reserves and Borrowings Chart

Ginni Filaments Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 736580818085355612114-1119
Cash from Investing Activity -3-14-8-12-13-30-31-116-17-76-24
Cash from Financing Activity -70-48-73-68-68-55-4-46-17-9777-94
Net Cash Flow-12-20-010-11-0-11

Ginni Filaments Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days273834423832454753494936
Inventory Days88132122869811814211113114914493
Days Payable235434201830494730294522
Cash Conversion Cycle92116121108119120139111155169148106
Working Capital Days667364636466929211311311596
ROCE %-4%15%21%13%10%14%7%6%8%18%17%-1%

Ginni Filaments Ltd Financial Efficiency Indicators Chart

Ginni Filaments Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.24%67.24%69.72%69.72%69.72%69.72%69.73%69.73%69.73%69.73%69.73%69.73%
FIIs0.00%0.00%0.00%0.33%0.38%0.25%0.14%0.08%0.07%0.07%0.07%0.07%
DIIs0.01%0.01%0.20%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public32.75%32.75%30.07%29.94%29.89%30.02%30.12%30.18%30.20%30.20%30.19%30.20%
No. of Shareholders27,89028,62028,98029,83335,08033,21633,20532,30231,89131,16829,95929,915

Ginni Filaments Ltd Shareholding Pattern Chart

No. of Ginni Filaments Ltd Shareholders

This stock is not held by any mutual fund

Ginni Filaments Ltd ROCE Trend

Ginni Filaments Ltd EPS Trend

Ginni Filaments Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.675.825.820.81-0.49
Diluted EPS (Rs.)-1.675.825.800.81-0.49
Cash EPS (Rs.)1.738.668.354.473.15
Book Value[Excl.RevalReserv]/Share (Rs.)32.5634.1730.1526.2625.32
Book Value[Incl.RevalReserv]/Share (Rs.)32.5634.1730.1526.2625.32
Revenue From Operations / Share (Rs.)111.29126.6198.35111.59114.39
PBDIT / Share (Rs.)3.0513.8714.278.867.88
PBIT / Share (Rs.)-0.3510.8611.145.204.24
PBT / Share (Rs.)-3.008.688.021.30-0.49
Net Profit / Share (Rs.)-1.675.655.220.80-0.49
PBDIT Margin (%)2.7410.9514.517.946.89
PBIT Margin (%)-0.318.5711.324.653.71
PBT Margin (%)-2.696.858.151.16-0.43
Net Profit Margin (%)-1.504.455.300.72-0.43
Return on Networth / Equity (%)-5.1316.5217.303.07-1.95
Return on Capital Employeed (%)-0.7822.0529.4412.4411.32
Return On Assets (%)-2.256.227.070.95-0.60
Long Term Debt / Equity (X)0.260.300.100.460.36
Total Debt / Equity (X)0.911.110.881.611.55
Asset Turnover Ratio (%)1.351.591.321.341.40
Current Ratio (X)1.281.321.151.110.97
Quick Ratio (X)0.630.590.510.530.47
Inventory Turnover Ratio (X)3.003.082.412.943.18
Interest Coverage Ratio (X)1.154.884.171.901.66
Interest Coverage Ratio (Post Tax) (X)0.362.752.431.010.89
Enterprise Value (Cr.)398.85688.32362.91336.68365.90
EV / Net Operating Revenue (X)0.410.630.460.420.45
EV / EBITDA (X)15.275.793.215.386.57
MarketCap / Net Operating Revenue (X)0.150.340.190.050.11
Price / BV (X)0.521.270.650.230.52
Price / Net Operating Revenue (X)0.150.340.190.050.11
EarningsYield-0.090.120.260.13-0.03

Ginni Filaments Ltd Profitability Ratios (%)

Ginni Filaments Ltd Liquidity Ratios

Ginni Filaments Ltd Liquidity Ratios (%)

Ginni Filaments Ltd Interest Coverage Ratios (%)

Ginni Filaments Ltd Valuation Ratios

Fair Value of Ginni Filaments Ltd Stock

Fair Value: ₹23.29

The stock is overvalued by 39.67% compared to the current price ₹38.6

*Investments are subject to market risks

Strength and Weakness of Ginni Filaments Ltd Stock

StrengthWeakness
  1. The company has higher reserves (106.85 cr) compared to borrowings (3.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (739.77 cr) and profit (9.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.22 and average Dividend Yield of 2.61%.
  2. The stock has a low average ROCE of 10.33%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 84.75, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 125.33, which may not be favorable.

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