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Gini Silk Mills

BSE:531744
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
531744
BSE
₹404M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Gini Silk Mills Limited manufactures and sells shirting and suiting in India. The last earnings update was 7 days ago. More info.


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  • Gini Silk Mills has significant price volatility in the past 3 months.
531744 Share Price and Events
7 Day Returns
-13.3%
BSE:531744
-2.1%
IN Luxury
-2.4%
IN Market
1 Year Returns
-72.1%
BSE:531744
-8.5%
IN Luxury
-9%
IN Market
531744 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gini Silk Mills (531744) -13.3% -8.5% -24.6% -72.1% -71.2% 204.9%
IN Luxury -2.1% -1.1% -3.2% -8.5% 49.4% 189.7%
IN Market -2.4% -4.1% -4% -9% 41.6% 79.8%
1 Year Return vs Industry and Market
  • 531744 underperformed the Luxury industry which returned -8.5% over the past year.
  • 531744 underperformed the Market in India which returned -9% over the past year.
Price Volatility
531744
Industry
5yr Volatility vs Market

Value

 Is Gini Silk Mills undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gini Silk Mills to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gini Silk Mills.

BSE:531744 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:531744
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (18.89%))
0.645
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:531744 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gini Silk Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:531744 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 13.43 13.46 13.50 13.54 13.58
Source Est @ 0.28% Est @ 0.28% Est @ 0.28% Est @ 0.28% Est @ 0.28%
Present Value
Discounted (@ 13.51%)
11.83 10.45 9.23 8.16 7.21
Present value of next 5 years cash flows ₹46.87
BSE:531744 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹13.58 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹245.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹245.02 ÷ (1 + 13.51%)5
₹130.03
BSE:531744 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹46.87 + ₹130.03
₹176.90
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹176.90 / 5.59
₹31.63
BSE:531744 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹31.63
Current discount Discount to share price of ₹68.60
= -1 x (₹68.60 - ₹31.63) / ₹31.63
-116.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gini Silk Mills is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gini Silk Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gini Silk Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:531744 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹4.81
BSE:531744 Share Price ** BSE (2019-02-18) in INR ₹68.6
India Luxury Industry PE Ratio Median Figure of 238 Publicly-Listed Luxury Companies 11.72x
India Market PE Ratio Median Figure of 2,718 Publicly-Listed Companies 15.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gini Silk Mills.

BSE:531744 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531744 Share Price ÷ EPS (both in INR)

= 68.6 ÷ 4.81

14.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gini Silk Mills is overvalued based on earnings compared to the IN Luxury industry average.
  • Gini Silk Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Gini Silk Mills's expected growth come at a high price?
Raw Data
BSE:531744 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.4%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gini Silk Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gini Silk Mills's assets?
Raw Data
BSE:531744 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹59.05
BSE:531744 Share Price * BSE (2019-02-18) in INR ₹68.6
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:531744 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531744 Share Price ÷ Book Value per Share (both in INR)

= 68.6 ÷ 59.05

1.16x

* Primary Listing of Gini Silk Mills.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gini Silk Mills is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Gini Silk Mills's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Gini Silk Mills has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gini Silk Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Gini Silk Mills, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gini Silk Mills expected to grow at an attractive rate?
  • Gini Silk Mills's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Gini Silk Mills's earnings growth is positive but not above the India market average.
  • Unable to compare Gini Silk Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:531744 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:531744 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.4%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:531744 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:531744 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 357 27
2018-09-30 374 21
2018-06-30 376 21
2018-03-31 394 19 21
2017-12-31 346 17
2017-09-30 353 22
2017-06-30 389 24
2017-03-31 391 33 24
2016-12-31 453 22
2016-09-30 455 21
2016-06-30 418 19
2016-03-31 408 -23 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gini Silk Mills's earnings are expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Gini Silk Mills is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:531744 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gini Silk Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531744 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 4.81
2018-09-30 3.77
2018-06-30 3.70
2018-03-31 3.84
2017-12-31 3.05
2017-09-30
2017-06-30 4.42
2017-03-31 4.26
2016-12-31 3.94
2016-09-30 3.70
2016-06-30 3.45
2016-03-31 3.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gini Silk Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gini Silk Mills's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gini Silk Mills has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gini Silk Mills performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gini Silk Mills's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gini Silk Mills's year on year earnings growth rate has been positive over the past 5 years.
  • Gini Silk Mills's 1-year earnings growth exceeds its 5-year average (57.3% vs 4%)
  • Gini Silk Mills's earnings growth has exceeded the IN Luxury industry average in the past year (57.3% vs 14%).
Earnings and Revenue History
Gini Silk Mills's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gini Silk Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531744 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 356.65 26.89 44.66
2018-09-30 373.56 21.02 45.60
2018-06-30 375.94 20.69 44.85
2018-03-31 394.26 21.47 43.42
2017-12-31 346.25 17.09 39.60
2017-09-30 352.89 22.24 37.96
2017-06-30 389.47 24.43 35.67
2017-03-31 391.16 23.80 39.86
2016-12-31 453.46 22.03 43.06
2016-09-30 455.21 20.79 44.23
2016-06-30 418.47 19.26 42.52
2016-03-31 407.54 18.05 41.24
2015-12-31 392.05 28.48 60.02
2015-09-30 369.04 16.73 59.52
2015-06-30 401.28 21.45 35.68
2015-03-31 401.21 24.30 40.24
2014-12-31 398.97 9.07 52.76
2014-09-30 391.92 23.19 51.59
2014-06-30 371.71 20.98 50.64
2014-03-31 348.95 17.40 49.96
2013-12-31 326.07 18.81 48.88
2013-09-30 337.58 19.12 49.20
2013-06-30 332.97 17.33 48.72
2013-03-31 324.70 16.62 48.42
2012-12-31 337.31 12.94 54.19
2012-06-30 330.07 15.47 51.31
2012-03-31 328.38 19.86 49.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gini Silk Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gini Silk Mills used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Gini Silk Mills's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gini Silk Mills's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gini Silk Mills has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gini Silk Mills's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gini Silk Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gini Silk Mills is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gini Silk Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gini Silk Mills's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gini Silk Mills Company Filings, last reported 1 month ago.

BSE:531744 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 331.17 76.28 14.97
2018-09-30 331.17 76.28 14.97
2018-06-30 339.39 101.15 31.83
2018-03-31 339.39 101.15 31.83
2017-12-31 333.39 97.84 56.60
2017-09-30 333.39 97.84 56.60
2017-06-30 322.66 134.92 92.04
2017-03-31 322.36 129.83 90.86
2016-12-31 309.17 162.47 53.08
2016-09-30 309.17 162.47 53.08
2016-06-30 298.07 111.25 6.14
2016-03-31 298.07 111.25 6.14
2015-12-31 291.72 129.70 14.07
2015-09-30 291.72 129.70 14.07
2015-06-30 283.40 76.54 14.35
2015-03-31 283.40 86.54 14.36
2014-12-31 276.33 24.97 23.31
2014-09-30 276.33 24.97 23.31
2014-06-30 260.43 0.29 10.27
2014-03-31 260.43 0.29 10.07
2013-12-31 256.41 3.28 19.25
2013-09-30 256.41 3.28 19.25
2013-06-30 246.30 6.03 14.32
2013-03-31 246.30 6.03 14.32
2012-12-31
2012-06-30 232.93 15.38 37.09
2012-03-31 232.93 15.38 37.09
  • Gini Silk Mills's level of debt (23%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.3% vs 23% today).
  • Debt is well covered by operating cash flow (24.7%, greater than 20% of total debt).
  • Gini Silk Mills earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Gini Silk Mills's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gini Silk Mills has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Gini Silk Mills's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.73%
Current annual income from Gini Silk Mills dividends.
If you bought ₹2,000 of Gini Silk Mills shares you are expected to receive ₹15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gini Silk Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Gini Silk Mills's dividend is below the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:531744 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:531744 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-28 0.500 0.542
2017-09-05 0.500 0.224
2017-05-29 0.500 0.149
2016-03-08 0.500 0.152
2015-08-26 0.500 0.335
2015-05-28 0.500 0.563
2014-05-27 0.500 1.135
2013-05-30 0.500 1.975
2012-07-05 0.500 1.541
2012-05-10 0.500 1.464
2011-07-25 0.750 2.071
2010-10-04 0.750 1.461
2009-06-01 0.750 2.290
2009-02-25 0.750 4.864

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Gini Silk Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gini Silk Mills's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gini Silk Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gini Silk Mills has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gini Silk Mills's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Deepak Harlalka
COMPENSATION ₹0
AGE 55
TENURE AS CEO 5.6 years
CEO Bio

Mr. Deepak V. Harlalka serves as the Managing Director of Gini Silk Mills Limited. Mr. Harlalka serves as the Head of Finance & IT at Raychem RPG Limited and served as its General Manager of Finance. He has been an Executive Director of Gini Silk Mills Limited since December 28, 1992. He Joined the Raychem RPG Limited in 2007 as Chief Finance Officer (CFO), streamlined accounting processes and procedures and put in place a capable and committed team spread over all offices and plants. In addition to these responsibilities, from April 2016, he heads Information Technology and will continue the journey of bringing smart IT solutions for better efficiency.

CEO Compensation
  • Deepak's compensation has been consistent with company performance over the past year.
  • Deepak's remuneration is lower than average for companies of similar size in India.
Management Team

Vishwanath Harlalka

TITLE
Executive Chairman
AGE
78

Deepak Harlalka

TITLE
MD & Executive Director
AGE
55
TENURE
5.6 yrs

Prasad Nagvekar

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Chetan Patel

TITLE
Compliance Officer
Board of Directors Tenure

Average tenure and age of the Gini Silk Mills board of directors in years:

4.2
Average Tenure
55
Average Age
  • The tenure for the Gini Silk Mills board of directors is about average.
Board of Directors

Vishwanath Harlalka

TITLE
Executive Chairman
AGE
78
TENURE
6.4 yrs

Deepak Harlalka

TITLE
MD & Executive Director
AGE
55
TENURE
26.2 yrs

Anjali Harlalka

TITLE
Non-Executive Director
TENURE
3.9 yrs

Suresh Gaggar

TITLE
Independent Director
AGE
55
TENURE
4.4 yrs

Pankajkumar Agarwal

TITLE
Independent Director
AGE
38
TENURE
3.9 yrs

Ruchir Jalan

TITLE
Independent Director
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Gini Silk Mills's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gini Silk Mills has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

Gini Silk Mills Limited manufactures and sells shirting and suiting in India. The company offers its products under the GINI brand. It is also involved in processing fabric on jobwork basis. The company was founded in 1963 and is based in Mumbai, India.

Details
Name: Gini Silk Mills Limited
531744
Exchange: BSE
Founded: 1963
₹403,785,720
5,592,600
Website: http://www.ginitex.com
Address: Gini Silk Mills Limited
413, Tantia Jogani Industrial Estate Premises,
Sitaram Mill Compound,
Mumbai,
Maharashtra, 400011,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531744 Equity Shares Mumbai Stock Exchange IN INR 31. Dec 2001
Number of employees
Current staff
Staff numbers
117
Gini Silk Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 12:38
End of day share price update: 2019/02/18 00:00
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.