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Ginni Filaments

BSE:590025
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
590025
BSE
₹965M
Market Cap
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Last updated 2019/04/18 12:39
Company description

Ginni Filaments Limited manufactures and sells cotton yarn, knitted fabrics, non-woven fabrics, garments, and wipes in India. The last earnings update was 69 days ago. More info.

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  • Ginni Filaments has significant price volatility in the past 3 months.
590025 Share Price and Events
7 Day Returns
-0.4%
BSE:590025
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
-58%
BSE:590025
-3.3%
IN Luxury
0.1%
IN Market
590025 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ginni Filaments (590025) -0.4% -5.6% -21.4% -58% -39.1% 13.8%
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 590025 underperformed the Luxury industry which returned -3.3% over the past year.
  • 590025 underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
590025
Industry
5yr Volatility vs Market

Value

 Is Ginni Filaments 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 Ginni Filaments 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 Ginni Filaments.

BSE:590025 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 21.9%
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:590025
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 35%) (268.31%)) 		1.668
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.67
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.668 * 8.6%) 		21.9%

Discounted Cash Flow Calculation for BSE:590025 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ginni Filaments is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:590025 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 21.9%)
2019 244.00 Est @ 12.75% 200.17
2020 271.31 Est @ 11.19% 182.59
2021 298.71 Est @ 10.1% 164.91
2022 326.59 Est @ 9.33% 147.91
2023 355.33 Est @ 8.8% 132.02
2024 385.26 Est @ 8.42% 117.43
2025 416.71 Est @ 8.16% 104.19
2026 449.95 Est @ 7.98% 92.30
2027 485.28 Est @ 7.85% 81.66
2028 522.93 Est @ 7.76% 72.19
Present value of next 10 years cash flows ₹1,295.36
BSE:590025 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹522.93 × (1 + 7.55%) ÷ (21.9% – 7.55%) 		₹3,919.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,919.66 ÷ (1 + 21.9%)10 		₹541.08
BSE:590025 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,295.36 + ₹541.08 		₹1,836.44
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹1,836.44 / 70.65 		₹25.99
BSE:590025 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹25.99
Current discount Discount to share price of ₹13.40
= -1 x (₹13.40 - ₹25.99) / ₹25.99 		48.4%

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

Current Discount
Amount off the current price Ginni Filaments is available for.
Intrinsic value
48%
Share price is ₹13.4 vs Future cash flow value of ₹25.99
Current Discount Checks
For Ginni Filaments to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ginni Filaments's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ginni Filaments's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Ginni Filaments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ginni Filaments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:590025 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-0.31
BSE:590025 Share Price ** BSE (2019-04-18) in INR ₹13.4
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

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

** Primary Listing of Ginni Filaments.

BSE:590025 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:590025 Share Price ÷ EPS (both in INR)

= 13.4 ÷ -0.31

 -43.45x

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

  • Ginni Filaments is loss making, we can't compare its value to the IN Luxury industry average.
  • Ginni Filaments is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Ginni Filaments's expected growth come at a high price?
Raw Data
BSE:590025 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -43.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 31.9%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*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 Ginni Filaments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ginni Filaments's assets?
Raw Data
BSE:590025 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹25.66
BSE:590025 Share Price * BSE (2019-04-18) in INR ₹13.4
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:590025 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:590025 Share Price ÷ Book Value per Share (both in INR)

= 13.4 ÷ 25.66

 0.52x

* Primary Listing of Ginni Filaments.

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

  • Ginni Filaments is good value based on assets compared to the IN Luxury industry average.
Show me more potentially undervalued companies in the Luxury industry
X
Value checks
We assess Ginni Filaments'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. Ginni Filaments has a total score of 3/6, 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 Ginni Filaments expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Ginni Filaments, 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
31.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ginni Filaments expected to grow at an attractive rate?
  • Ginni Filaments's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Ginni Filaments's earnings growth is expected to exceed the India market average.
  • Unable to compare Ginni Filaments's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:590025 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:590025 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 31.9%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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:590025 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:590025 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:590025 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,755 -21
2018-09-30 7,603 79
2018-06-30 7,325 52
2018-03-31 7,060 359 27
2017-12-31 7,283 61
2017-09-30 7,304 62
2017-06-30 7,431 133
2017-03-31 7,664 853 161
2016-12-31 7,600 139
2016-09-30 7,636 96
2016-06-30 7,697 30
2016-03-31 7,503 805 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ginni Filaments's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Ginni Filaments 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:590025 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ginni Filaments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:590025 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:590025 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -0.31
2018-09-30 1.12
2018-06-30 0.74
2018-03-31 0.38
2017-12-31 0.86
2017-09-30 0.88
2017-06-30 1.89
2017-03-31 2.29
2016-12-31 2.31
2016-09-30 1.46
2016-06-30 0.42
2016-03-31 0.54

*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 Ginni Filaments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Luxury industry
X
Future performance checks
We assess Ginni Filaments'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.
Ginni Filaments has a total score of 3/6, 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 Ginni Filaments 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 Ginni Filaments'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.
  • Ginni Filaments does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ginni Filaments's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ginni Filaments's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Ginni Filaments'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 Ginni Filaments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:590025 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 7,754.57 -21.41 594.87
2018-09-30 7,602.98 78.96 583.12
2018-06-30 7,324.89 52.24 574.04
2018-03-31 7,059.85 26.57 565.19
2017-12-31 7,283.05 61.22 582.72
2017-09-30 7,303.88 62.01 576.51
2017-06-30 7,431.10 133.43 570.01
2017-03-31 7,663.77 161.49 574.25
2016-12-31 7,600.16 138.75 570.36
2016-09-30 7,636.17 95.50 560.65
2016-06-30 7,697.42 30.00 555.86
2016-03-31 7,502.99 37.97 531.72
2015-12-31 7,790.72 31.42 1,059.53
2015-09-30 7,877.30 50.19 1,053.31
2015-06-30 8,102.26 66.57 1,046.44
2015-03-31 8,476.71 71.76 540.44
2014-12-31 8,444.41 70.03 920.46
2014-09-30 8,799.27 145.28 909.33
2014-06-30 8,895.99 288.07 447.30
2014-03-31 8,680.20 356.71 889.47
2013-12-31 8,454.71 409.21 840.32
2013-09-30 8,013.64 360.84 822.34
2013-06-30 7,636.59 251.92 803.37
2013-03-31 7,447.22 169.35 788.84
2012-12-31 7,215.67 96.38 687.19
2012-09-30 7,160.65 6.89 674.74
2012-06-30 7,152.50 -224.64 666.11

*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.
  • It is difficult to establish if Ginni Filaments has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Ginni Filaments used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Ginni Filaments improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ginni Filaments'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.
Ginni Filaments has a total score of 0/6, 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 Ginni Filaments'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 Ginni Filaments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ginni Filaments's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ginni Filaments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ginni Filaments'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 1.1x 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 Ginni Filaments Company Filings, last reported 3 months ago.

BSE:590025 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,811.98 2,589.42 323.96
2018-09-30 1,811.98 2,589.42 323.96
2018-06-30 1,788.20 2,933.50 31.83
2018-03-31 1,788.20 2,933.50 31.83
2017-12-31 1,829.31 2,295.45 33.47
2017-09-30 1,829.31 2,295.45 33.47
2017-06-30 1,668.45 2,578.36 49.94
2017-03-31 1,759.56 2,695.57 32.39
2016-12-31 1,564.31 1,822.96 34.52
2016-09-30 1,564.31 1,822.96 34.52
2016-06-30 1,488.99 2,863.51 40.22
2016-03-31 1,488.99 2,863.51 40.22
2015-12-31 1,462.81 2,356.97 118.58
2015-09-30 1,462.81 2,356.97 118.58
2015-06-30 1,445.02 3,235.06 43.04
2015-03-31 1,445.02 3,235.06 43.04
2014-12-31 1,406.62 2,818.57 44.80
2014-09-30 1,406.62 2,818.57 44.80
2014-06-30 1,367.26 3,125.81 42.12
2014-03-31 1,367.26 3,509.72 42.12
2013-12-31 1,255.33 2,900.74 36.34
2013-09-30 1,255.33 2,900.74 36.34
2013-06-30 1,004.55 3,904.42 63.95
2013-03-31 1,004.55 3,904.42 63.95
2012-12-31 888.50 3,448.38 59.24
2012-09-30 888.50 3,448.38 59.24
2012-06-30 829.20 3,980.03 39.34
  • Ginni Filaments's level of debt (142.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (231.4% vs 142.9% today).
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Ginni Filaments is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Ginni Filaments'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. Ginni Filaments has a total score of 2/6, 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 Ginni Filaments'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%
Current annual income from Ginni Filaments dividends.
If you bought ₹2,000 of Ginni Filaments shares you are expected to receive ₹0 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?
  • Unable to evaluate Ginni Filaments's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ginni Filaments's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:590025 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 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

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

BSE:590025 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:590025 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2009-04-20 0.000 0.000

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

  • Unable to perform a dividend volatility check as Ginni Filaments has not reported any payouts.
  • Unable to verify if Ginni Filaments's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ginni Filaments's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ginni Filaments has not reported any payouts.
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 Ginni Filaments'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 Ginni Filaments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Ginni Filaments has a total score of 0/6, 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 Ginni Filaments'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
Shishir Jaipuria
COMPENSATION ₹12,617,000
AGE 61
CEO Bio

Mr. Shishir Jaipuria serves as the Chief Executive Officer of Ginni Filaments Ltd. and has been its Managing Director since April 1, 2009. Mr. Jaipuria serves as Managing Director of The Pioneer Limited and as an Executive Officer of Swadeshi Cotton Mills Co. Ltd. He serves as an Executive Member of Confederation of Indian Textile Industry (CITI). He served as the Chief Executive Officer of Ginni Filaments Ltd. Shri. Jaipuria has about 15 years of experience in Textile Industry. He served as President of Northern India Textile Mills' Association (NITMA). He serves as Chairman of UP Committee of PHD Chamber of Commerce & Industry. He has been Chairman of the Board of Ginni Filaments Ltd. since February 13, 2015 and has been its Director since February 14,1990. He serves as the Vice Chairman of Ginni Filaments Ltd. Mr. Jaipuria holds a M.Com. and LLB degrees.

CEO Compensation
  • Shishir's compensation has increased whilst company is loss making.
  • Shishir's remuneration is higher than average for companies of similar size in India.
Management Team

Shishir Jaipuria

TITLE
Chairman
COMPENSATION
₹13M
AGE
61

Suresh Singhvi

TITLE
Director of Finance
COMPENSATION
₹4M
AGE
65

Sachin kulkarni

TITLE
Chief Operating Officer
AGE
49

Bhupendra Kaushal

TITLE
Vice President of Human Resources
AGE
50

Saket Jaipuria

TITLE
Executive Director
COMPENSATION
₹6M
AGE
36

Rajiv Sharma

TITLE
Senior Vice President
AGE
44

R. Gaur

TITLE
Senior Vice President
AGE
58

Yash Jaipuria

TITLE
Executive Officer
AGE
28
TENURE
7.2 yrs

Arun Nag

TITLE
Vice President
AGE
58

J. Singh

TITLE
Vice President of Engg. & Power
AGE
56
Board of Directors Tenure

Average tenure and age of the Ginni Filaments board of directors in years:

8.9
Average Tenure
68.5
Average Age
  • The tenure for the Ginni Filaments board of directors is about average.
Board of Directors

Shishir Jaipuria

TITLE
Chairman
COMPENSATION
₹13M
AGE
61
TENURE
4.2 yrs

Suresh Singhvi

TITLE
Director of Finance
COMPENSATION
₹4M
AGE
65
TENURE
9.7 yrs

Saket Jaipuria

TITLE
Executive Director
COMPENSATION
₹6M
AGE
36
TENURE
8.2 yrs

Joginder Kundra

TITLE
Independent Non-Executive Director
COMPENSATION
₹245K
AGE
88
TENURE
19.3 yrs

Har Bhattacharya

TITLE
Independent Non-Executive Director
COMPENSATION
₹175K
AGE
79
TENURE
18.5 yrs

Jugal Bhagat

TITLE
Independent Non-Executive Director
COMPENSATION
₹205K
AGE
75
TENURE
36.8 yrs

Sushil Tripathi

TITLE
Non-Executive Independent Director
COMPENSATION
₹145K
AGE
72
TENURE
4.7 yrs

Manju Rana

TITLE
Non-Executive Independent Director
COMPENSATION
₹215K
AGE
57
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ginni Filaments insiders in the past 3 months.
Show me more companies with insider buying in the Luxury industry
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
21. Feb 19 Buy Shishir Jaipuria Individual 26. Jul 18 20. Feb 19 75,697 ₹13.37 ₹1,012,194
26. Jul 18 Buy Shishir Jaipuria Individual 20. Jul 18 25. Jul 18 61,933 ₹18.08 ₹1,119,521
X
Management checks
We assess Ginni Filaments'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. Ginni Filaments 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

Description

Ginni Filaments Limited manufactures and sells cotton yarn, knitted fabrics, non-woven fabrics, garments, and wipes in India. The company operates through Textiles and Others segments. It offers ring spun, open end, and specialty yarns; single and double jersey, and flat knit fabrics; and garments, such as polo’s, round necks, rugby’s, henley’s, sweat shirts, and leggings for men, ladies, and children. The company also provides nonwoven fabrics comprising polyester, viscose, and cotton enriched blends that are used in various applications, including personal hygiene, medical, hospitality, packaging, garments, pultrusion, leather, filtration, automobile, and home furnishing; and cartridge filters used for the removal of contaminants from water and other liquids in pharmaceutical, cosmetic, biotechnology, and other industries. In addition, it offers hygiene, cosmetic, medical, and surface cleaning disposable wipes. Further, the company exports its products to Europe, the United States, Bangladesh, China, and internationally. Ginni Filaments Limited was incorporated in 1982 and is based in Noida, India.

Details
Name: Ginni Filaments Limited
590025
Exchange: BSE
Founded: 1982
₹965,079,887
70,650,065
Website: http://www.ginnifilaments.com
Address: Ginni Filaments Limited
D-196, Sector – 63,
Noida,
Uttar Pradesh, 201307,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 590025 Equity Shares Mumbai Stock Exchange IN INR 10. May 1995
NSEI GINNIFILA Equity Shares National Stock Exchange of India IN INR 10. May 1995
Number of employees
Current staff
Staff numbers
2,309
Ginni Filaments employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2017/05/12
Last earnings filing: 2019/02/08
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.

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