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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Globe Textiles (India) Ltd

About the Company - Globe Textiles (India) Ltd

Globe Textiles (India) Ltd. is a Public Limited Listed company incorporated on 04/10/1995 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L65910GJ1995PLC027673 and registration number is 0027673. Currently Company is involved in the business activities of Manufacture of all types of textile garments and clothing accessories. Company’s Total Operating Revenue is Rs. 383.42 Cr. and Equity Capital is Rs. 30.23 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsPlot No. 38 to 41, Ahmedabad Gujarat 380008cs@globetextiles.net
http://www.globetextiles.net
Management
NamePosition Held
Mr. Bhavik Suryakant ParikhChairman & Managing Director
Mr. Nilaybhai Jagdishbhai VoraWhole Time Director
Mrs. Purvi Bhavin ParikhWoman Director
Mr. Yogesh Kanhiyalal VaidyaIndependent Director
Mr. Rajatkumar Dineshbhai PatelIndependent Director
Mr. Bharat Shamjibhai PatelIndependent Director

Globe Textiles (India) Ltd. Share Price Update

Share PriceValue
Today₹4.00
Previous Day₹4.00

Basic Stock Data of Globe Textiles (India) Ltd

Market Cap 62.0 Cr.
Current Price 4.10
High / Low6.00/2.10
Stock P/E11.9
Book Value 3.79
Dividend Yield0.00 %
ROCE11.4 %
ROE8.58 %
Face Value 2.00

Data Source: screener.in

Competitors of Globe Textiles (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Active Clothing Co Ltd 177 Cr. 114125/35.645.2 43.10.00 %7.98 %3.57 % 10.0
Zodiac Clothing Company Ltd 329 Cr. 127151/79.0 1010.00 %4.27 %8.34 % 10.0
Visagar Polytex Ltd 41.9 Cr. 1.432.12/0.68 0.550.00 %2.69 %7.86 % 1.00
SPL Industries Ltd 199 Cr. 68.680.8/53.317.2 66.60.00 %18.7 %13.6 % 10.0
VIP Clothing Ltd 354 Cr. 42.859.8/37.4 18.00.00 %4.92 %1.35 % 2.00
Industry Average220.18 Cr70.7712.4845.850%7.71%6.94%6.6

Globe Textiles (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales66.1497.8178.7466.7184.60107.14124.97114.7499.8474.81110.04128.84105.95
Expenses66.7694.8576.5664.1481.00102.95120.59110.1794.0470.42107.10123.83100.85
Operating Profit-0.622.962.182.573.604.194.384.575.804.392.945.015.10
OPM %-0.94%3.03%2.77%3.85%4.26%3.91%3.50%3.98%5.81%5.87%2.67%3.89%4.81%
Other Income1.330.512.060.530.430.450.740.730.42-0.091.350.150.16
Interest1.481.571.842.142.332.382.282.483.422.932.742.632.87
Depreciation0.310.310.320.300.310.310.310.750.700.710.720.690.67
Profit before tax-1.081.592.080.661.391.952.532.072.100.660.831.841.72
Tax %15.74%-10.69%62.50%25.76%33.81%29.23%7.51%21.74%21.43%27.27%8.43%20.11%21.51%
Net Profit-0.901.760.780.490.921.382.341.611.660.480.761.461.35
EPS in Rs-0.060.120.050.030.060.090.150.110.110.030.050.100.09

Globe Textiles (India) Ltd Quarterly Chart

Globe Textiles (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales72115166171183190243257265259383399420
Expenses69112160168176182234246255255369382402
Operating Profit236369912104151817
OPM %3%3%4%2%4%5%4%5%4%2%4%4%4%
Other Income0004123124222
Interest113445667691211
Depreciation0000011111133
Profit before tax1243255641765
Tax %32%43%37%29%32%32%35%33%22%82%21%20%
Net Profit1122233430554
EPS in Rs0.430.480.670.560.360.260.220.250.210.020.340.300.27
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Globe Textiles (India) Ltd Profit & Loss Yearly Chart

Globe Textiles (India) Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:10%
3 Years:15%
TTM:6%
Compounded Profit Growth
10 Years:13%
5 Years:6%
3 Years:14%
TTM:-14%
Stock Price CAGR
10 Years:%
5 Years:17%
3 Years:5%
1 Year:47%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:7%
Last Year:9%

Globe Textiles (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22233910101010303030
Reserves471117191625293233202427
Borrowings1016343040536055597491105110
Other Liabilities1118232021333745849711879143
Total Liabilities2644707183111132139186214259239310
Fixed Assets0011141721201918293130
CWIP00714050000200
Investments0000000000000
Other Assets264362566889111119167196227208280
Total Assets2644707183111132139186214259239310

Globe Textiles (India) Ltd Reserves and Borrowings Chart

Globe Textiles (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -8-7-89-7-2-5102-7-9-1
Cash from Investing Activity 0-1-7-71-8-1-0-1-1-0-3
Cash from Financing Activity 9816-2697-12-1893
Net Cash Flow1-010-0-11-2-0-00-0

Globe Textiles (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6359645664846987133157118100
Inventory Days6967695460857479991009496
Days Payable51503935335445511141328680
Cash Conversion Cycle817695759111598115118125126116
Working Capital Days716679608810110499108140104118
ROCE %24%17%17%14%12%14%12%12%11%7%12%11%

Globe Textiles (India) Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Globe Textiles (India) Ltd Shareholding Pattern Chart

No. of Globe Textiles (India) Ltd Shareholders

This stock is not held by any mutual fund

Globe Textiles (India) Ltd ROCE Trend

Globe Textiles (India) Ltd EPS Trend

Globe Textiles (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)0.300.500.254.413.71
Diluted EPS (Rs.)0.300.500.254.413.71
Cash EPS (Rs.)0.480.421.485.474.86
Book Value[Excl.RevalReserv]/Share (Rs.)3.603.1742.4342.7638.35
Book Value[Incl.RevalReserv]/Share (Rs.)3.603.1742.4342.7638.35
Revenue From Operations / Share (Rs.)26.4325.37257.13263.17255.44
PBDIT / Share (Rs.)1.331.128.7913.4412.40
PBIT / Share (Rs.)1.141.047.5512.3811.26
PBT / Share (Rs.)0.370.431.345.745.57
Net Profit / Share (Rs.)0.290.330.244.413.71
PBDIT Margin (%)5.034.403.415.104.85
PBIT Margin (%)4.314.082.934.704.40
PBT Margin (%)1.411.700.522.172.18
Net Profit Margin (%)1.121.330.091.671.45
Return on Networth / Equity (%)8.2810.700.5810.319.67
Return on Capital Employeed (%)21.5622.3416.3626.4925.15
Return On Assets (%)1.881.980.112.392.69
Long Term Debt / Equity (X)0.430.380.040.060.13
Total Debt / Equity (X)1.941.891.661.361.31
Asset Turnover Ratio (%)1.601.621.301.631.90
Current Ratio (X)1.291.191.161.191.26
Quick Ratio (X)0.760.740.780.760.74
Inventory Turnover Ratio (X)1.962.052.442.083.69
Interest Coverage Ratio (X)1.741.851.422.022.18
Interest Coverage Ratio (Post Tax) (X)1.391.561.041.661.65
Enterprise Value (Cr.)141.48224.35120.1684.5885.45
EV / Net Operating Revenue (X)0.350.580.460.310.33
EV / EBITDA (X)7.0413.2913.576.256.84
MarketCap / Net Operating Revenue (X)0.090.340.190.090.13
Price / BV (X)0.662.791.150.600.90
Price / Net Operating Revenue (X)0.090.340.190.090.13
EarningsYield0.120.030.010.160.10

Globe Textiles (India) Ltd Profitability Ratios (%)

Globe Textiles (India) Ltd Liquidity Ratios

Globe Textiles (India) Ltd Liquidity Ratios (%)

Globe Textiles (India) Ltd Interest Coverage Ratios (%)

Globe Textiles (India) Ltd Valuation Ratios

Fair Value of Globe Textiles (India) Ltd Stock

Fair Value: ₹3.95

The stock is overvalued by 3.73% compared to the current price ₹4.1

*Investments are subject to market risks

Strength and Weakness of Globe Textiles (India) Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (240.23 cr) and profit (3.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.67 and average Dividend Yield of 1.60%.
  2. The stock has a low average ROCE of 13.58%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 94.83, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 102.58, which may not be favorable.
  5. The company has higher borrowings (56.69) compared to reserves (20.31), which may suggest financial risk.

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 Globe Textiles (India) 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