BSE:542351

Stock Analysis Report

Executive Summary

Gloster Limited manufactures and exports jute products in India, the Americas, Europe, Asia, Australia, and internationally.

Snowflake

Fundamentals

Flawless balance sheet unattractive dividend payer.

Share Price & News

How has Gloster's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 542351 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.9%

542351

-5.1%

IN Luxury

-1.1%

IN Market


1 Year Return

n/a

542351

3.5%

IN Luxury

5.5%

IN Market

Return vs Industry: Insufficient data to determine how 542351 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 542351 performed against the Indian Market.


Shareholder returns

542351IndustryMarket
7 Day2.9%-5.1%-1.1%
30 Day9.4%0.5%5.8%
90 Day-5.6%9.7%9.0%
1 Yearn/a4.4%3.5%7.6%5.5%
3 Yearn/a57.7%55.7%32.3%25.6%
5 Yearn/a102.7%96.2%39.1%26.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Gloster undervalued compared to its fair value and its price relative to the market?

13.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 542351 (₹671) is trading above our estimate of fair value (₹659.66)

Significantly Below Fair Value: 542351 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 542351 is poor value based on its PE Ratio (13.9x) compared to the Luxury industry average (10.1x).

PE vs Market: 542351 is poor value based on its PE Ratio (13.9x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 542351's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 542351 is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

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

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 542351's forecast earnings growth (18.7% per year) is above the savings rate (7.6%).

Earnings vs Market: 542351's earnings (18.7% per year) are forecast to grow slower than the Indian market (18.9% per year).

High Growth Earnings: 542351's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 542351's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 542351's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 542351's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Gloster performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 542351 has large one-off items impacting its financial results.

Growing Profit Margin: 542351's current net profit margins (5.3%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: 542351's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: 542351's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 542351 had negative earnings growth (-38.5%) over the past year, making it difficult to compare to the Luxury industry average (6.8%).


Return on Equity

High ROE: 542351's Return on Equity (2.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Gloster's financial position?


Financial Position Analysis

Short Term Liabilities: 542351's short term assets (₹3.0B) exceeds its short term liabilities (₹589.3M)

Long Term Liabilities: 542351's short term assets (3.0B) exceeds its long term liabilities (561.0M)


Debt to Equity History and Analysis

Debt Level: 542351's debt to equity ratio (2.7%) is considered satisfactory

Reducing Debt: 542351's debt to equity ratio has reduced from 14.1% to 2.7% over the past 5 years.

Debt Coverage: 542351's debt is well covered by operating cash flow (147.6%).

Interest Coverage: 542351 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 542351 has a high level of physical assets or inventory.

Debt Coverage by Assets: 542351's debt is covered by short term assets (assets are 12.1x debt).


Next Steps

Dividend

What is Gloster's current dividend yield, its reliability and sustainability?

1.49%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%0.6%markettop25%2.4%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 542351's dividend (1.49%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: 542351's dividend (1.49%) is low compared to the top 25% of dividend payers in the Indian market (2.36%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 542351's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 542351's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.8%), 542351'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

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

1.6yrs

Average management tenure


CEO

Dharam Baheti (71yo)

1.6yrs

Tenure

₹30,485,500

Compensation

Mr. Dharam Chand Baheti has been Managing Director of Gloster Limited since April 1, 2018 and has been its Executive Director since February 28, 2018. Mr. Baheti is a key personnel in the jute industry wit ...


CEO Compensation Analysis

Compensation vs Market: Dharam's total compensation ($USD427.18K) is above average for companies of similar size in the Indian market ($USD33.63K).

Compensation vs Earnings: Insufficient data to compare Dharam's compensation with company performance.


Management Age and Tenure

1.6yrs

Average Tenure

48yo

Average Age

Experienced Management: 542351's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

1.7yrs

Average Tenure

65yo

Average Age

Experienced Board: 542351's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Hemant Bangur (47yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹32.11m
  • Dharam Baheti (71yo)

    MD & Executive Director

    • Tenure: 1.6yrs
    • Compensation: ₹30.49m
  • Ajay Agarwal (48yo)

    Company Secretary

    • Tenure: 1.6yrs
    • Compensation: ₹4.34m
  • Shankar Kedia

    Chief Financial Officer

    • Tenure: 1.6yrs
    • Compensation: ₹3.09m

Board Members

  • Prabir Ray (69yo)

    Independent Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: ₹1.12m
  • Hemant Bangur (47yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹32.11m
  • Suryakant Mainak (63yo)

    Independent Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: ₹1.05m
  • Dharam Baheti (71yo)

    MD & Executive Director

    • Tenure: 1.6yrs
    • Compensation: ₹30.49m
  • Pushpa Bangur (67yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: ₹960.00k
  • Satyendra Bhattacharya (61yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: ₹1.10m

Company Information

Gloster Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gloster Limited
  • Ticker: 542351
  • Exchange: BSE
  • Founded: 1872
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹3.716b
  • Shares outstanding: 5.47m
  • Website: https://www.glosterjute.com

Number of Employees


Location

  • Gloster Limited
  • 21, Strand Road
  • Kolkata
  • West Bengal
  • 700001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
542351BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2019

Biography

Gloster Limited manufactures and exports jute products in India, the Americas, Europe, Asia, Australia, and internationally. The company offers jute and jute allied products, woven and non-woven jute geote ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 13:00
End of Day Share Price2019/11/11 00:00
Earnings2019/06/30
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.