BSE:531744

Stock Analysis Report

Executive Summary

Gini Silk Mills Limited manufactures and sells shirting and suiting under the GINI brand in India.

Risk Analysis

Earnings have declined by -6.51% per year over past 5 years

Does not have a meaningful market cap (₹192M)

Unstable dividend track record

Profit margins (2.2%) are lower than last year (7.5%)



Snowflake Analysis

Adequate balance sheet unattractive dividend payer.


Similar Companies

Share Price & News

How has Gini Silk Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 531744 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

10.1%

531744

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-47.6%

531744

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: 531744 underperformed the Indian Luxury industry which returned 18.4% over the past year.

Return vs Market: 531744 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

531744IndustryMarket
7 Day10.1%-0.5%-1.5%
30 Day10.3%3.0%-2.7%
90 Day21.0%9.2%1.3%
1 Year-47.1%-47.6%19.0%18.2%12.7%10.7%
3 Year-90.5%-90.6%52.2%48.8%22.0%15.1%
5 Year-12.2%-14.2%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Gini Silk Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gini Silk Mills undervalued compared to its fair value and its price relative to the market?

23.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 531744 (₹35.95) is trading above our estimate of fair value (₹5.39)

Significantly Below Fair Value: 531744 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 531744 is poor value based on its PE Ratio (23.5x) compared to the Luxury industry average (11.1x).

PE vs Market: 531744 is poor value based on its PE Ratio (23.5x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 531744's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531744 is good value based on its PB Ratio (0.5x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

19.9%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gini Silk Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531744 has high quality earnings.

Growing Profit Margin: 531744's current net profit margins (2.2%) are lower than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: 531744's earnings have declined by -6.5% per year over the past 5 years.

Accelerating Growth: 531744's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 531744 had negative earnings growth (-68.3%) over the past year, making it difficult to compare to the Luxury industry average (2.7%).


Return on Equity

High ROE: 531744's Return on Equity (2.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Gini Silk Mills's financial position?


Financial Position Analysis

Short Term Liabilities: 531744's short term assets (₹254.9M) exceed its short term liabilities (₹106.3M).

Long Term Liabilities: 531744's short term assets (₹254.9M) exceed its long term liabilities (₹41.2M).


Debt to Equity History and Analysis

Debt Level: 531744's debt to equity ratio (17.2%) is considered satisfactory.

Reducing Debt: 531744's debt to equity ratio has increased from 9.3% to 17.2% over the past 5 years.

Debt Coverage: 531744's debt is not well covered by operating cash flow (8%).

Interest Coverage: 531744 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 531744 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531744's debt is covered by short term assets (assets are 3.6x debt).


Next Steps

Dividend

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

1.39%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 531744's dividend (1.39%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 531744's dividend (1.39%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).


Stability and Growth of Payments

Stable Dividend: 531744's dividend payments have been volatile in the past 10 years.

Growing Dividend: 531744's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.7%), 531744's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average board tenure


CEO

Deepak Harlalka (56yo)

6.6yrs

Tenure

0

Mr. Deepak Vishwanath 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 Financ ...


CEO Compensation Analysis

Compensation vs Market: Deepak's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.25K).

Compensation vs Earnings: Deepak's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Vishwanath Harlalka
Executive Chairman7.4yrsno data34.67% 66.4m
Deepak Harlalka
MD & Executive Director6.6yrsno data20.97% 40.2m
Anjali Harlalka
Non-Executive Director4.9yrsno data6.27% 12.0m
Suresh Gaggar
Independent Director5.4yrsno datano data
Pankajkumar Agarwal
Independent Director4.9yrsno datano data
Ruchir Jalan
Independent Director3.8yrsno datano data

5.2yrs

Average Tenure

56yo

Average Age

Experienced Board: 531744's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gini Silk Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gini Silk Mills Limited
  • Ticker: 531744
  • Exchange: BSE
  • Founded: 1963
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹191.547m
  • Shares outstanding: 5.59m
  • Website: https://www.ginitex.com

Number of Employees


Location

  • Gini Silk Mills Limited
  • 413, Tantia Jogani Industrial Estate
  • Opposite Kasturba Hospital
  • Mumbai
  • Maharashtra
  • 400011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531744BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001

Biography

Gini Silk Mills Limited manufactures and sells shirting and suiting under the GINI brand in India. It also provides a variety of cotton and cotton blended fabrics; and processes fabric on job work basis. The company exports its products to the Middle Eastern countries. The company was founded in 1963 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 12:42
End of Day Share Price2020/02/18 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.