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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 542351 | NSE: GLOSTERLTD

Gloster Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 4:45 pm

Market Cap 729 Cr.
Current Price 666
High / Low999/628
Stock P/E
Book Value 992
Dividend Yield3.00 %
ROCE3.28 %
ROE2.22 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Gloster Ltd

Competitors of Gloster Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gloster Ltd 729 Cr. 666999/628 9923.00 %3.28 %2.22 % 10.0
Cheviot Company Ltd 741 Cr. 1,2311,653/1,1709.52 1,0350.41 %12.6 %10.4 % 10.0
Bangalore Fort Farms Ltd 26.3 Cr. 54.971.6/16.2658 16.20.36 %9.60 %4.49 % 10.0
AI Champdany Industries Ltd 180 Cr. 58.476.8/38.0 13.30.00 %43.2 %71.6 % 5.00
Industry Average550.00 Cr502.58333.76514.130.94%17.17%22.18%8.75

All Competitor Stocks of Gloster Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales184.35189.82181.35178.30179.04194.65158.19178.30162.04162.43136.95184.98135.90
Expenses159.11159.67155.97163.37163.20165.16136.18162.46146.06144.65125.94164.86129.97
Operating Profit25.2430.1525.3814.9315.8429.4922.0115.8415.9817.7811.0120.125.93
OPM %13.69%15.88%14.00%8.37%8.85%15.15%13.91%8.88%9.86%10.95%8.04%10.88%4.36%
Other Income10.256.5220.3711.4213.575.043.843.465.042.403.962.401.91
Interest0.320.230.250.540.700.180.540.680.210.330.791.203.59
Depreciation8.518.538.668.668.778.828.879.149.209.859.409.9011.74
Profit before tax26.6627.9136.8417.1519.9425.5316.449.4811.6110.004.7811.42-7.49
Tax %31.55%47.55%41.31%37.20%25.18%26.91%24.27%11.81%32.90%33.10%54.18%32.75%12.82%
Net Profit18.2514.6421.6210.7714.9218.6612.458.367.806.692.187.68-8.45
EPS in Rs16.7413.4319.839.8813.6917.1211.387.647.136.111.997.02-7.72

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales504463501495493734710646620
Expenses434380418428425638627581565
Operating Profit708484676896846555
OPM %14%18%17%13%14%13%12%10%9%
Other Income181617-42848251411
Interest411321236
Depreciation313231313334363841
Profit before tax5266692961109713819
Tax %33%36%34%32%33%40%24%36%
Net Profit35424520416554248
EPS in Rs41.2417.9537.8559.8949.7022.257.40
Dividend Payout %4%5%12%42%33%29%141%90%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)20.00%7.14%-55.56%105.00%58.54%-16.92%-55.56%
Change in YoY Net Profit Growth (%)0.00%-12.86%-62.70%160.56%-46.46%-75.46%-38.63%

Gloster Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:9%
TTM:-9%
Compounded Profit Growth
10 Years:%
5 Years:-11%
3 Years:-14%
TTM:-106%
Stock Price CAGR
10 Years:%
5 Years:15%
3 Years:6%
1 Year:-20%
Return on Equity
10 Years:%
5 Years:4%
3 Years:4%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:38 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital225555111111
Reserves8601249389269891,0651,0681,0991,075
Borrowings37172529241073194336
Other Liabilities7786990113131159151166180
Total Liabilities9751,0111,0591,0731,1491,2401,3031,4701,602
Fixed Assets684659639661709709691893978
CWIP25612176020211886
Investments117150178117112130139142132
Other Assets172198235283311341272317406
Total Assets9751,0111,0591,0731,1491,2401,3031,4701,602

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +8856379431266738
Cash from Investing Activity +-27-25-4020-51-96-77-126
Cash from Financing Activity +-63-270-6-14-291586
Net Cash Flow-24-222-2215-2

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow33.0067.0059.0038.0044.0086.0011.00-129.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1519252123152023
Inventory Days111150142172221126138172
Days Payable61410151010819
Cash Conversion Cycle120155157179233132149176
Working Capital Days87112135133157958793
ROCE %13%12%5%6%9%7%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%
DIIs14.93%14.93%14.93%14.79%14.74%14.69%14.69%14.68%14.61%14.61%14.61%14.61%
Public12.44%12.44%12.44%12.57%12.62%12.67%12.67%12.68%12.75%12.75%12.75%12.76%
No. of Shareholders4,6344,8434,8234,9058,4318,4888,5228,4539,1028,9148,7489,041

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)22.2549.70119.3175.4135.77
Diluted EPS (Rs.)22.2549.70119.3175.4135.77
Cash EPS (Rs.)57.2982.24182.10135.1192.81
Book Value[Excl.RevalReserv]/Share (Rs.)1014.47985.961956.621817.211701.99
Book Value[Incl.RevalReserv]/Share (Rs.)1014.47985.961956.621817.211701.99
Revenue From Operations / Share (Rs.)590.68648.961341.14901.17904.50
PBDIT / Share (Rs.)71.9199.69242.63168.97142.03
PBIT / Share (Rs.)36.8767.15179.85109.2884.99
PBT / Share (Rs.)34.5565.23198.41112.0352.30
Net Profit / Share (Rs.)22.2549.70119.3175.4135.77
NP After MI And SOA / Share (Rs.)22.2549.70119.3175.4135.77
PBDIT Margin (%)12.1715.3618.0918.7515.70
PBIT Margin (%)6.2410.3413.4012.129.39
PBT Margin (%)5.8410.0514.7912.435.78
Net Profit Margin (%)3.767.658.898.363.95
NP After MI And SOA Margin (%)3.767.658.898.363.95
Return on Networth / Equity (%)2.195.046.094.142.10
Return on Capital Employeed (%)3.046.028.415.584.65
Return On Assets (%)1.654.175.263.591.82
Long Term Debt / Equity (X)0.100.040.000.000.00
Total Debt / Equity (X)0.160.060.010.020.02
Asset Turnover Ratio (%)0.460.560.610.440.46
Current Ratio (X)2.043.304.713.913.93
Quick Ratio (X)0.981.512.691.982.35
Inventory Turnover Ratio (X)2.142.722.782.102.48
Dividend Payout Ratio (NP) (%)89.8785.5120.9519.8927.95
Dividend Payout Ratio (CP) (%)34.9051.6713.7211.1010.77
Earning Retention Ratio (%)10.1314.4979.0580.1172.05
Cash Earning Retention Ratio (%)65.1048.3386.2888.9089.23
Interest Coverage Ratio (X)31.0551.9798.8246.3726.92
Interest Coverage Ratio (Post Tax) (X)10.6126.9141.0419.9412.97
Enterprise Value (Cr.)1046.99652.55543.45309.19193.50
EV / Net Operating Revenue (X)1.620.910.740.620.39
EV / EBITDA (X)13.305.984.093.342.49
MarketCap / Net Operating Revenue (X)1.390.850.820.640.41
Retention Ratios (%)10.1214.4879.0480.1072.04
Price / BV (X)0.800.560.560.310.21
Price / Net Operating Revenue (X)1.390.850.820.640.41
EarningsYield0.020.080.100.130.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gloster Ltd as of November 17, 2024 is: 340.25

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 17, 2024, Gloster Ltd is Overvalued by 48.91% compared to the current share price 666.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Gloster Ltd as of November 17, 2024 is: 245.49

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 17, 2024, Gloster Ltd is Overvalued by 63.14% compared to the current share price 666.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -27.85%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (904.89 cr) compared to borrowings (82.78 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (574.00 cr) and profit (57.11 cr) over the years.
  1. The stock has a low average ROCE of 6.88%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 112.38, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 162.63, which may not be favorable.

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 Gloster Ltd:
    1. Net Profit Margin: 3.76%
      • 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: 3.04% (Industry Average ROCE: 17.17%)
      • 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%: 2.19% (Industry Average ROE: 22.18%)
      • 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): 10.61
      • 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: 0.98
      • 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: 0 (Industry average Stock P/E: 333.76)
      • 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: 0.16
      • 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

Gloster Ltd. is a Public Limited Listed company incorporated on 02/01/1923 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L17100WB1923PLC004628 and registration number is 004628. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company’s Total Operating Revenue is Rs. 733.82 Cr. and Equity Capital is Rs. 5.47 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Jute/Jute Yarn/Jute Products21, Strand Road, Kolkata West Bengal 700001info@glosterjute.com
http://www.glosterjute.com
Management
NamePosition Held
Mr. Hemant BangurExecutive Chairman
Mr. D C BahetiManaging Director
Mr. S N BhattacharyaIndependent Director
Dr. Prabir RayIndependent Director
Mr. Ishani RayIndependent Director
Mr. Rohit BihaniIndependent Director
Mr. Yogendra SinghNon Exe.Non Ind.Director

FAQ

What is the latest intrinsic value of Gloster Ltd?

The latest intrinsic value of Gloster Ltd as on 17 November 2024 is ₹340.25, which is 48.91% lower than the current market price of ₹666.00.

What is the Market Cap of Gloster Ltd?

The Market Cap of Gloster Ltd is 729 Cr..

What is the current Stock Price of Gloster Ltd as on 17 November 2024?

The current stock price of Gloster Ltd as on 17 November 2024 is ₹666.

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

In FY 2024, the High / Low of Gloster Ltd stocks is 999/628.

What is the Stock P/E of Gloster Ltd?

The Stock P/E of Gloster Ltd is .

What is the Book Value of Gloster Ltd?

The Book Value of Gloster Ltd is 992.

What is the Dividend Yield of Gloster Ltd?

The Dividend Yield of Gloster Ltd is 3.00 %.

What is the ROCE of Gloster Ltd?

The ROCE of Gloster Ltd is 3.28 %.

What is the ROE of Gloster Ltd?

The ROE of Gloster Ltd is 2.22 %.

What is the Face Value of Gloster Ltd?

The Face Value of Gloster 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 Gloster 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