Globe International Carriers Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 27, 2024, 10:59 pm

Market Cap	242 Cr.
Current Price	97.0
High / Low	104/35.6
Stock P/E	77.7
Book Value	22.2
Dividend Yield	0.00 %
ROCE	8.74 %
ROE	6.22 %
Face Value	10.0
PEG Ratio	1.57

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Globe International Carriers Ltd

Competitors of Globe International Carriers Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Frontline Corporation Ltd	23.3 Cr.	46.6	81.2/33.0	11.9	27.5	0.00 %	2.29 %	8.31 %	10.0
Coastal Roadways Ltd	15.4 Cr.	37.1	55.1/22.1	12.4	50.8	0.00 %	6.03 %	5.70 %	10.0
Balurghat Technologies Ltd	49.4 Cr.	27.1	41.5/17.5	19.4	8.99	0.00 %	15.6 %	17.5 %	10.0
ABC India Ltd	62.6 Cr.	116	165/97.2	35.2	97.9	0.43 %	8.21 %	5.07 %	10.0
Transport Corporation of India Ltd (TCI)	8,793 Cr.	1,130	1,309/686	23.1	256	0.84 %	19.9 %	19.0 %	2.00
Industry Average	2,355.50 Cr	169.99		25.50	111.79	0.14%	10.40%	9.82%	9.11

All Competitor Stocks of Globe International Carriers Ltd

Quarterly Result

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023
Sales	45	43	35	45	39	69	51	63	63
Expenses	43	41	34	43	37	66	49	60	60
Operating Profit	2	1	2	2	2	2	2	3	3
OPM %	3%	3%	5%	4%	4%	3%	4%	5%	5%
Other Income	0	0	0	0	0	0	0	0	0
Interest	1	1	1	1	1	1	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0
Profit before tax	0	0	1	1	1	1	1	2	2
Tax %	64%	33%	27%	26%	28%	29%	28%	27%	27%
Net Profit	0	0	0	0	0	1	0	2	2
EPS in Rs	0.05	0.10	0.19	0.17	0.18	0.40	0.17	0.60	0.60

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	115	116	88	80	108	114	126
Expenses	111	112	85	77	104	109	120
Operating Profit	4	4	3	3	4	5	6
OPM %	4%	4%	3%	4%	4%	4%	5%
Other Income	0	0	0	0	0	0	0
Interest	2	2	2	2	2	2	2
Depreciation	0	0	0	0	0	0	0
Profit before tax	2	2	1	1	2	3	4
Tax %	33%	29%	46%	26%	28%	27%
Net Profit	1	2	0	1	1	2	3
EPS in Rs	0.49	0.64	0.16	0.36	0.58	0.77	1.20
Dividend Payout %	0%	0%	0%	0%	0%	26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2021-2022	2022-2023
YoY Net Profit Growth (%)	100.00%	-100.00%	0.00%	100.00%
Change in YoY Net Profit Growth (%)	0.00%	-200.00%	100.00%	100.00%

Globe International Carriers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2018-2019 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	0%
3 Years:	13%
TTM:	6%

Compounded Profit Growth
10 Years:	%
5 Years:	10%
3 Years:	41%
TTM:	36%

Stock Price CAGR
10 Years:	%
5 Years:	75%
3 Years:	115%
1 Year:	87%

Return on Equity
10 Years:	%
5 Years:	5%
3 Years:	6%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:35 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	8	8	8	10	10	20	25	25
Reserves	14	16	16	15	16	8	29	30
Borrowings	20	21	20	18	20	20	20	25
Other Liabilities	5	5	4	5	17	12	8	8
Total Liabilities	46	50	48	48	64	60	83	88
Fixed Assets	1	1	2	1	1	1	2	2
CWIP	0	1	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	1
Other Assets	45	48	46	47	62	59	81	85
Total Assets	46	50	48	48	64	60	83	88

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	5	7	0	0	-1	1	-11
Cash from Investing Activity +	-2	-4	2	-2	3	2	-8
Cash from Financing Activity +	-2	-1	-2	1	-1	-4	20
Net Cash Flow	1	2	-0	0	0	-1	0

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	-16.00	-17.00	-17.00	-15.00	-16.00	-15.00

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

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	121	123	155	165	183	140	125
Inventory Days
Days Payable
Cash Conversion Cycle	121	123	155	165	183	140	125
Working Capital Days	111	111	148	142	125	129	188
ROCE %		10%	6%	7%	8%	10%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Nov 2022	Mar 2023	Sep 2023	Mar 2024
Promoters	74.17%	74.17%	74.17%	74.17%	74.17%	74.17%	74.17%	74.18%	74.18%	70.79%	70.79%	58.15%
Public	25.82%	25.83%	25.82%	25.81%	25.82%	25.82%	25.82%	25.82%	25.82%	29.21%	29.21%	41.85%
No. of Shareholders	116	116	115	117	118	114	123	106	123	148	188	345

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.03	0.96	1.43	0.90	0.49
Diluted EPS (Rs.)	1.03	0.96	1.43	0.90	0.49
Cash EPS (Rs.)	1.14	1.10	1.70	1.17	0.89
Book Value[Excl.RevalReserv]/Share (Rs.)	21.67	14.06	26.20	24.77	29.84
Book Value[Incl.RevalReserv]/Share (Rs.)	21.67	14.06	26.20	24.77	29.84
Revenue From Operations / Share (Rs.)	45.95	56.56	107.55	79.78	108.98
PBDIT / Share (Rs.)	2.27	2.56	3.98	3.29	3.74
PBIT / Share (Rs.)	2.15	2.42	3.72	3.02	3.34
PBT / Share (Rs.)	1.35	1.32	2.00	1.21	0.89
Net Profit / Share (Rs.)	1.02	0.95	1.43	0.89	0.48
NP After MI And SOA / Share (Rs.)	1.02	0.95	1.43	0.89	0.48
PBDIT Margin (%)	4.94	4.53	3.70	4.13	3.43
PBIT Margin (%)	4.69	4.28	3.45	3.78	3.06
PBT Margin (%)	2.92	2.32	1.85	1.52	0.82
Net Profit Margin (%)	2.23	1.69	1.33	1.12	0.44
NP After MI And SOA Margin (%)	2.23	1.69	1.33	1.12	0.44
Return on Networth / Equity (%)	4.73	6.81	5.46	3.61	1.63
Return on Capital Employeed (%)	9.56	15.53	12.12	10.47	10.77
Return On Assets (%)	3.08	3.21	2.25	1.86	0.81
Long Term Debt / Equity (X)	0.03	0.10	0.16	0.15	0.03
Total Debt / Equity (X)	0.34	0.61	0.70	0.68	0.82
Asset Turnover Ratio (%)	1.61	1.84	1.93	1.67	1.65
Current Ratio (X)	2.62	1.93	1.73	2.02	1.79
Quick Ratio (X)	2.62	1.93	1.73	2.02	1.79
Dividend Payout Ratio (NP) (%)	19.66	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	17.68	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	80.34	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	82.32	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	2.80	2.31	2.31	1.85	1.54
Interest Coverage Ratio (Post Tax) (X)	2.27	1.86	1.83	1.52	1.20
Enterprise Value (Cr.)	144.99	98.25	38.71	35.89	34.36
EV / Net Operating Revenue (X)	1.27	0.86	0.35	0.44	0.39
EV / EBITDA (X)	25.63	19.05	9.66	10.84	11.41
MarketCap / Net Operating Revenue (X)	1.11	0.71	0.19	0.25	0.18
Retention Ratios (%)	80.33	0.00	0.00	0.00	0.00
Price / BV (X)	2.35	2.88	0.81	0.81	0.67
Price / Net Operating Revenue (X)	1.11	0.71	0.19	0.25	0.18
EarningsYield	0.02	0.02	0.06	0.04	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Globe International Carriers Ltd as of December 28, 2024 is: 109.44

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 December 28, 2024, Globe International Carriers Ltd is Undervalued by 12.82% compared to the current share price 97.00

Intrinsic Value of Globe International Carriers Ltd as of December 28, 2024 is: 163.75

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 December 28, 2024, Globe International Carriers Ltd is Undervalued by 68.81% compared to the current share price 97.00

Last 5 Year EPS CAGR: 49.63%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (106.71 cr) and profit (2.14 cr) over the years.	The stock has a low average ROCE of 7.14%, which may not be favorable. The stock has a high average Working Capital Days of 136.29, which may not be favorable. The stock has a high average Cash Conversion Cycle of 144.57, which may not be favorable. The company has higher borrowings (20.50) compared to reserves (18.00), 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 Globe International Carriers Ltd:
1. Net Profit Margin: 2.23%
  - 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: 9.56% (Industry Average ROCE: 10.4%)
  - 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%: 4.73% (Industry Average ROE: 7.64%)
  - 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): 2.27
  - 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: 2.62
  - 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: 77.7 (Industry average Stock P/E: 22.67)
  - 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: 0.34
  - 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

Globe International Carriers Ltd. is a Public Limited Listed company incorporated on 30/03/2010 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L60232RJ2010PLC031380 and registration number is 031380. Currently company belongs to the Industry of Transport - Road. Company’s Total Operating Revenue is Rs. 107.70 Cr. and Equity Capital is Rs. 10.05 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Transport - Road	301-306, Prakash Deep Complex, Jaipur Rajasthan 302006	info@gicl.co http://www.gicl.co

Management
Name	Position Held
Mr. Subhash Agrawal	Chairman & Managing Director
Mrs. Surekha Agarwal	Whole Time Director
Mr. Subham Agrawal	Non Exe.Non Ind.Director
Mr. Rajendra Kumar Agrawal	Ind. Non-Executive Director
Mr. Anil Kumar Garg	Ind. Non-Executive Director
Mr. Suneel Sayarmal Mohnot	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Globe International Carriers Ltd?

The latest intrinsic value of Globe International Carriers Ltd as on 28 December 2024 is ₹109.44, which is 12.82% higher than the current market price of ₹97.00. The stock has a market capitalization of 242 Cr. and recorded a high/low of 104/35.6 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹30 Cr and total liabilities of ₹88 Cr.

What is the Market Cap of Globe International Carriers Ltd?

The Market Cap of Globe International Carriers Ltd is 242 Cr..

What is the current Stock Price of Globe International Carriers Ltd as on 28 December 2024?

The current stock price of Globe International Carriers Ltd as on 28 December 2024 is 97.0.

What is the High / Low of Globe International Carriers Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Globe International Carriers Ltd stocks is 104/35.6.

What is the Stock P/E of Globe International Carriers Ltd?

The Stock P/E of Globe International Carriers Ltd is 77.7.

What is the Book Value of Globe International Carriers Ltd?

The Book Value of Globe International Carriers Ltd is 22.2.

What is the Dividend Yield of Globe International Carriers Ltd?

The Dividend Yield of Globe International Carriers Ltd is 0.00 %.

What is the ROCE of Globe International Carriers Ltd?

The ROCE of Globe International Carriers Ltd is 8.74 %.

What is the ROE of Globe International Carriers Ltd?

The ROE of Globe International Carriers Ltd is 6.22 %.

What is the Face Value of Globe International Carriers Ltd?

The Face Value of Globe International Carriers Ltd is 10.0.

Share Price and Basic Stock Data

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

Competitors of Globe International Carriers Ltd

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Globe International Carriers Ltd?

What is the Market Cap of Globe International Carriers Ltd?

What is the current Stock Price of Globe International Carriers Ltd as on 28 December 2024?

What is the High / Low of Globe International Carriers Ltd stocks in FY 2024-2025?

What is the Stock P/E of Globe International Carriers Ltd?

What is the Book Value of Globe International Carriers Ltd?

What is the Dividend Yield of Globe International Carriers Ltd?

What is the ROCE of Globe International Carriers Ltd?

What is the ROE of Globe International Carriers Ltd?

What is the Face Value of Globe International Carriers Ltd?

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