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Garden Silk Mills

NSEI:GARDENSILK
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GARDENSILK
NSEI
₹819M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Garden Silk Mills Limited designs, manufactures, and sells textile prints, fabrics, and textile intermediates for consumers and businesses in India. The last earnings update was 75 days ago. More info.


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  • Garden Silk Mills has significant price volatility in the past 3 months.
GARDENSILK Share Price and Events
7 Day Returns
-3%
NSEI:GARDENSILK
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-46.2%
NSEI:GARDENSILK
-3.2%
IN Luxury
-0.7%
IN Market
GARDENSILK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Garden Silk Mills (GARDENSILK) -3% -9.8% -17.7% -46.2% -20.7% -51.2%
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • GARDENSILK underperformed the Luxury industry which returned -3.2% over the past year.
  • GARDENSILK underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
GARDENSILK
Industry
5yr Volatility vs Market

GARDENSILK Value

 Is Garden 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 Garden 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 Garden Silk Mills.

NSEI:GARDENSILK 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 24.8%
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 NSEI:GARDENSILK
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))
= 0.729 (1 + (1- 35%) (1347.61%))
5.098
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:GARDENSILK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Garden Silk Mills 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.

NSEI:GARDENSILK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 1,551.98 Est @ 12.77% 1,244.07
2020 1,725.88 Est @ 11.2% 1,108.99
2021 1,900.33 Est @ 10.11% 978.83
2022 2,077.84 Est @ 9.34% 857.93
2023 2,260.76 Est @ 8.8% 748.26
2024 2,451.29 Est @ 8.43% 650.36
2025 2,651.42 Est @ 8.16% 563.89
2026 2,863.00 Est @ 7.98% 488.09
2027 3,087.77 Est @ 7.85% 421.97
2028 3,327.41 Est @ 7.76% 364.50
Present value of next 10 years cash flows ₹7,426.89
NSEI:GARDENSILK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹3,327.41 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹20,805.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹20,805.95 ÷ (1 + 24.75%)10
₹2,279.20
NSEI:GARDENSILK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹7,426.89 + ₹2,279.20
₹9,706.08
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹9,706.08 / 42.08
₹230.64
NSEI:GARDENSILK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:GARDENSILK represents 0.99229x of BSE:500155
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99229x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 230.64 x 0.99229
₹228.87
Value per share (INR) From above. ₹228.87
Current discount Discount to share price of ₹19.30
= -1 x (₹19.30 - ₹228.87) / ₹228.87
91.6%

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

Current Discount
Amount off the current price Garden Silk Mills is available for.
Intrinsic value
>50%
Share price is ₹19.3 vs Future cash flow value of ₹228.87
Current Discount Checks
For Garden Silk Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Garden Silk Mills's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Garden Silk Mills'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 Garden Silk Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Garden Silk Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GARDENSILK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-22.94
BSE:500155 Share Price ** BSE (2019-04-18) in INR ₹19.45
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

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

** Primary Listing of Garden Silk Mills.

NSEI:GARDENSILK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500155 Share Price ÷ EPS (both in INR)

= 19.45 ÷ -22.94

-0.85x

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

  • Garden Silk Mills is loss making, we can't compare its value to the IN Luxury industry average.
  • Garden Silk Mills is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Garden Silk Mills's expected growth come at a high price?
Raw Data
NSEI:GARDENSILK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*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 Garden Silk Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Garden Silk Mills's assets?
Raw Data
NSEI:GARDENSILK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-56.74
BSE:500155 Share Price * BSE (2019-04-18) in INR ₹19.45
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:GARDENSILK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500155 Share Price ÷ Book Value per Share (both in INR)

= 19.45 ÷ -56.74

-0.34x

* Primary Listing of Garden Silk Mills.

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

  • Garden Silk Mills has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
X
Value checks
We assess Garden 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. Garden Silk Mills has a total score of 2/6, 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.

GARDENSILK Future Performance

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

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 Garden 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
19.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Garden Silk Mills expected to grow at an attractive rate?
  • Unable to compare Garden Silk Mills's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Garden Silk Mills's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Garden Silk Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:GARDENSILK Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
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
NSEI:GARDENSILK 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.
NSEI:GARDENSILK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 34,013 -965
2018-09-30 34,677 -440
2018-06-30 32,528 -699
2018-03-31 30,415 1,372 -838
2017-12-31 28,895 -879
2017-09-30 26,302 -1,223
2017-06-30 25,518 -1,049
2017-03-31 24,454 1,738 -931
2016-12-31 24,366 -709
2016-09-30 23,925 -918
2016-06-30 23,759 -1,377
2016-03-31 23,863 1,002 -1,394

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Garden Silk Mills is high growth as no earnings estimate data is available.
  • Unable to determine if Garden 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
NSEI:GARDENSILK 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 Garden Silk Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GARDENSILK Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -22.94
2018-09-30 -10.44
2018-06-30 -16.61
2018-03-31 -19.92
2017-12-31 -20.88
2017-09-30 -29.08
2017-06-30 -24.92
2017-03-31 -22.13
2016-12-31 -16.86
2016-09-30 -21.82
2016-06-30 -32.36
2016-03-31 -33.12

*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 Garden Silk Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of GARDENSILK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Garden Silk Mills's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Garden Silk Mills's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Garden 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.
Garden 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.

GARDENSILK Past Performance

  How has Garden 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 Garden 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.
  • Garden Silk Mills does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Garden Silk Mills's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Garden Silk Mills's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Garden 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 Garden Silk Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GARDENSILK 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 34,013.48 -965.45 1,319.65
2018-09-30 34,677.40 -439.61 1,347.37
2018-06-30 32,527.52 -698.83 1,287.06
2018-03-31 30,415.11 -838.27 1,373.00
2017-12-31 28,894.91 -878.55 1,505.97
2017-09-30 26,301.60 -1,223.49 1,493.31
2017-06-30 25,518.30 -1,048.65 1,483.10
2017-03-31 24,454.47 -931.09 1,371.62
2016-12-31 24,365.53 -709.27 1,362.84
2016-09-30 23,924.70 -917.83 1,346.16
2016-06-30 23,759.28 -1,377.15 1,175.46
2016-03-31 23,862.90 -1,393.71 1,285.35
2015-12-31 23,556.60 -1,730.17 2,224.93
2015-09-30 24,495.94 -1,727.66 2,185.66
2015-06-30 25,455.86 -1,359.94 1,140.57
2015-03-31 26,409.84 -1,430.04 1,179.87
2014-12-31 28,503.26 -1,760.57 2,018.79
2014-09-30 29,711.10 -1,627.03 1,986.18
2014-06-30 29,712.51 -1,409.89 1,897.96
2014-03-31 30,666.25 -1,444.48 1,861.58
2013-12-31 31,422.14 -1,113.72 1,930.26
2013-09-30 33,217.54 -934.92 1,918.68
2013-06-30 34,382.31 -1,058.35 885.33
2013-03-31 36,972.46 -1,006.99 1,924.12
2012-12-31 37,261.66 -1,219.66 1,860.60
2012-09-30 35,429.12 -1,365.34 1,840.56
2012-06-30 37,910.95 -1,052.32 829.31

*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 Garden Silk Mills has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Garden Silk Mills used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Garden Silk Mills 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 Garden 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.
Garden Silk Mills 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.

GARDENSILK Health

 How is Garden 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 Garden Silk Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Garden Silk Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Garden Silk Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Garden 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.
  • Garden Silk Mills has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Garden Silk Mills Company Filings, last reported 3 months ago.

NSEI:GARDENSILK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -2,386.68 11,030.28 482.25
2018-09-30 -2,386.68 11,030.28 482.25
2018-06-30 -2,144.09 10,912.69 1,034.07
2018-03-31 -2,144.09 15,019.66 442.11
2017-12-31 -1,941.69 16,810.34 535.12
2017-09-30 -1,941.69 16,810.34 535.12
2017-06-30 -1,270.17 15,492.69 846.78
2017-03-31 -1,310.38 15,492.69 545.89
2016-12-31 -710.00 16,141.20 773.89
2016-09-30 -710.00 16,141.20 773.89
2016-06-30 -249.37 15,810.03 482.02
2016-03-31 -249.37 15,677.60 482.02
2015-12-31 207.36 16,659.66 981.85
2015-09-30 207.36 16,659.66 981.85
2015-06-30 1,143.87 14,268.14 552.25
2015-03-31 1,143.87 14,944.76 552.25
2014-12-31 1,935.02 15,195.95 498.47
2014-09-30 1,935.02 15,195.95 498.47
2014-06-30 2,601.20 13,538.25 319.74
2014-03-31 2,601.20 13,538.25 319.74
2013-12-31 3,589.34 13,999.19 508.41
2013-09-30 3,589.34 13,999.19 508.41
2013-06-30 4,045.67 12,876.97 314.95
2013-03-31 4,045.67 13,291.98 314.95
2012-12-31 4,384.26 13,202.97 726.72
2012-09-30 4,384.26 13,202.97 726.72
2012-06-30 4,912.66 12,623.11 361.67
  • Garden Silk Mills has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Garden Silk Mills's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Garden Silk Mills has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Garden Silk Mills has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -12.4% per year.
X
Financial health checks
We assess Garden 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. Garden Silk Mills has a total score of 3/6, 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.

GARDENSILK Dividends

 What is Garden 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%
Current annual income from Garden Silk Mills dividends.
If you bought ₹2,000 of Garden Silk Mills 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 Garden Silk Mills's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Garden Silk Mills'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
NSEI:GARDENSILK 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 1400 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.

NSEI:GARDENSILK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2013-02-12 0.000 0.000
2012-11-08 0.000 0.000
2012-08-14 0.000 0.000
2012-08-09 0.000 0.000
2011-07-27 1.800 3.084
2010-07-07 1.800 1.810
2010-03-22 1.500 2.043
2009-04-21 1.500 2.099

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

  • Unable to perform a dividend volatility check as Garden Silk Mills has not reported any payouts.
  • Unable to verify if Garden Silk Mills's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Garden Silk Mills's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Garden Silk Mills 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 Garden 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 Garden Silk Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Garden Silk Mills 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.

GARDENSILK Management

 What is the CEO of Garden 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
Praful Shah
COMPENSATION ₹23,963,106
AGE 80
CEO Bio

Mr. Praful Amichand Shah serves as Executive Chairman, Chief Executive Officer and Managing Director of Garden Silks Mills Ltd. Mr. Shah serves as Chairman and Managing Director at Bijlee Textiles Ltd. He served as a Director of Jarigold Textiles Ltd., from December 18, 2009 to July 28,2014. Mr. Shah has been an Executive Director at Bijlee Textiles Ltd., since December 18, 2009. He served as a Director of Wheel & Axle Textiles Ltd and Rosekamal Textiles Ltd. He is a co-owner of Rayban Investments. He has been Director at Garden Silks Mills Ltd. since July 23, 1979. He holds Master of Science degree in Mechanical Engineering from Stanford University, USA in 1965 and graduated in Mechanical Engineering from Michigan State University.

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

Praful Shah

TITLE
Executive Chairman
COMPENSATION
₹24M
AGE
80

Alok Shah

TITLE
CFO, COO & Executive Director
COMPENSATION
₹24M
AGE
48

Kamlesh Vyas

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹3M

Suhail Shah

TITLE
Executive Director
COMPENSATION
₹22M
AGE
44

Sanjay Shah

TITLE
Executive Director
COMPENSATION
₹6M
AGE
62
Board of Directors Tenure

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

12.5
Average Tenure
64
Average Age
  • The average tenure for the Garden Silk Mills board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Praful Shah

TITLE
Executive Chairman
COMPENSATION
₹24M
AGE
80

Alok Shah

TITLE
CFO, COO & Executive Director
COMPENSATION
₹24M
AGE
48
TENURE
17.5 yrs

Suhail Shah

TITLE
Executive Director
COMPENSATION
₹22M
AGE
44
TENURE
12.5 yrs

Sanjay Shah

TITLE
Executive Director
COMPENSATION
₹6M
AGE
62
TENURE
29.2 yrs

Yatish Parekh

TITLE
Independent Non-Executive Director
COMPENSATION
₹100K
AGE
67
TENURE
17.5 yrs

Sunil Sheth

TITLE
Independent Non-Executive Director
COMPENSATION
₹100K
AGE
66
TENURE
4.1 yrs

Deepak Shah

TITLE
Independent Non-Executive Director
COMPENSATION
₹80K
AGE
68
TENURE
3.3 yrs

Ketan Jariwala

TITLE
Director
COMPENSATION
₹50K
AGE
56
TENURE
1.9 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 Garden 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. Garden 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.

GARDENSILK News

Simply Wall St News

Introducing Garden Silk Mills (NSE:GARDENSILK), The Stock That Dropped 50% In The Last Five Years

Because Garden Silk Mills is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth. … Over five years, Garden Silk Mills grew its revenue at 1.7% per year.

Simply Wall St -

What Kind Of Investor Owns Most Of Garden Silk Mills Limited (NSE:GARDENSILK)?

Every investor in Garden Silk Mills Limited (NSE:GARDENSILK) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹896m, Garden Silk Mills is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Garden Silk Mills

Simply Wall St -

Read This Before Buying Garden Silk Mills Limited (NSE:GARDENSILK) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Garden Silk Mills Limited (NSE:GARDENSILK). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Garden Silk Mills Insider Transactions Over The Last Year

Simply Wall St -

Is Garden Silk Mills Limited (NSE:GARDENSILK) A Volatile Stock?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Garden Silk Mills Limited (NSE:GARDENSILK): A Look At Return On Capital

and want a simplistic look at the return on Garden Silk Mills Limited (NSE:GARDENSILK) stock. … Purchasing Garden Silk Mills gives you an ownership stake in the company. … To understand Garden Silk Mills’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Does Garden Silk Mills Limited's (NSE:GARDENSILK) CEO Salary Compare Well With Others?

Leading Garden Silk Mills Limited (NSE:GARDENSILK) as the CEO, Praful Shah took the company to a valuation of ₹1.05b. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … View out our latest analysis for Garden Silk Mills

Simply Wall St -

Does Garden Silk Mills Limited's (NSE:GARDENSILK) CEO Pay Compare Well With Peers?

Earnings is a powerful indication of GARDENSILK's ability to invest shareholders' funds and generate returns. … Recently, GARDENSILK released negative earnings of -₹878.55M , which is a further decline from prior year's loss of -₹709.27M. … Normally I'd use market cap and profit as factors determining performance, however, GARDENSILK's negative earnings reduces the effectiveness of this method.

Simply Wall St -

Does Garden Silk Mills Limited (NSE:GARDENSILK) Fall With The Market?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … GARDENSILK's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … I test GARDENSILK’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

Who Owns Most Of Garden Silk Mills Limited (NSE:GARDENSILK)?

Check out our latest analysis for Garden Silk Mills NSEI:GARDENSILK Ownership_summary Apr 12th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … NSEI:GARDENSILK Insider_trading Apr 12th 18 General Public Ownership A substantial ownership of 25.86% in GARDENSILK is held by the general public. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership level and composition in GARDENSILK is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Does Garden Silk Mills Limited's (NSE:GARDENSILK) -23.87% Earnings Drop Reflect A Longer Term Trend?

Examining Garden Silk Mills Limited's (NSEI:GARDENSILK) past track record of performance is an insightful exercise for investors. … NSEI:GARDENSILK Income Statement Mar 20th 18 We can further examine Garden Silk Mills's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the last five years Garden Silk Mills has seen an annual decline in revenue of -6.82%, on average.

Simply Wall St -

GARDENSILK Company Info

Description

Garden Silk Mills Limited designs, manufactures, and sells textile prints, fabrics, and textile intermediates for consumers and businesses in India. The company offers dyed and printed sarees and dress materials; polyester chips for textile grade and film grade; and polyester yarns comprising partially oriented yarn, fully drawn yarn/highly oriented yarn, bi shrinkage yarn, draw twisted filament yarn, draw texturized yarn/ air covered yarn, air textured yarn, mono filament yarn, draw warping beam, and sized beams. It also offers nylon yarns; and woven and printed fabrics. Garden Silk Mills Limited markets its products through a network of 70 dealers and 90 retail shops that coordinate 480 points-of-sale. Further, the company exports its products to approximately 20 countries in Europe, the Middle East, Asia, and North and South America. Garden Silk Mills Limited was founded in 1979 and is based in Mumbai, India.

Details
Name: Garden Silk Mills Limited
GARDENSILK
Exchange: NSEI
Founded: 1979
₹818,505,111
42,082,525
Website: http://www.gardenvareli.com
Address: Garden Silk Mills Limited
Manek Mahal,
90, Veer Nariman Road,
Mumbai,
Maharashtra, 400020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500155 Equity Shares Mumbai Stock Exchange IN INR 21. Nov 2001
NSEI GARDENSILK Equity Shares National Stock Exchange of India IN INR 21. Nov 2001
Number of employees
Current staff
Staff numbers
0
Garden Silk Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:47
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/04
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.