NSEI:GINNIFILA

Stock Analysis Report

Executive Summary

Ginni Filaments Limited manufactures and sells cotton yarns, knitted fabrics, non-woven fabrics, garments, and wipes in India.

Risk Analysis

Earnings have declined by -33.83% per year over past 5 years

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₹585M)

Shareholders have been diluted in the past year



Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.4%

GINNIFILA

1.1%

IN Luxury

-0.8%

IN Market


1 Year Return

-32.1%

GINNIFILA

18.4%

IN Luxury

11.1%

IN Market

Return vs Industry: GINNIFILA underperformed the Indian Luxury industry which returned 16.6% over the past year.

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


Shareholder returns

GINNIFILAIndustryMarket
7 Day-5.4%1.1%-0.8%
30 Day-13.6%3.3%-2.3%
90 Day-6.5%9.6%2.1%
1 Year-32.1%-32.1%19.2%18.4%13.1%11.1%
3 Year-69.1%-69.1%54.9%51.5%22.9%16.2%
5 Year-28.7%-28.7%106.1%99.4%34.9%22.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GINNIFILA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GINNIFILA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GINNIFILA is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: GINNIFILA is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GINNIFILA is good value based on its PB Ratio (0.3x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

19.8%

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 Ginni Filaments 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 Ginni Filaments performed over the past 5 years?

-33.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GINNIFILA is currently unprofitable.

Growing Profit Margin: GINNIFILA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GINNIFILA is unprofitable, and losses have increased over the past 5 years at a rate of -33.8% per year.

Accelerating Growth: Unable to compare GINNIFILA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GINNIFILA is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (2.5%).


Return on Equity

High ROE: GINNIFILA has a negative Return on Equity (-1.51%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ginni Filaments's financial position?


Financial Position Analysis

Short Term Liabilities: GINNIFILA's short term assets (₹2.7B) exceed its short term liabilities (₹2.5B).

Long Term Liabilities: GINNIFILA's short term assets (₹2.7B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: GINNIFILA's debt to equity ratio (163.4%) is considered high.

Reducing Debt: GINNIFILA's debt to equity ratio has reduced from 200.6% to 163.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: GINNIFILA's debt is not covered by short term assets (assets are 0.9x debt).


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.

Stable Cash Runway: GINNIFILA has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: GINNIFILA has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate GINNIFILA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GINNIFILA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GINNIFILA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GINNIFILA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GINNIFILA's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

9.8yrs

Average board tenure


CEO

Shishir Jaipuria (62yo)

₹14,655,000

Compensation

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 an ...


CEO Compensation Analysis

Compensation vs Market: Shishir's total compensation ($USD204.93K) is above average for companies of similar size in the Indian market ($USD50.21K).

Compensation vs Earnings: Shishir's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Shishir Jaipuria
Chairman0yrs₹14.66m31.51% 184.3m
Suresh Singhvi
Director of Finance10.5yrs₹4.39mno data
Saket Jaipuria
Executive Director9yrs₹6.20m8.69% 50.8m
Joginder Kundra
Independent Non-Executive Director20.1yrs₹275.00kno data
Har Bhattacharya
Independent Non-Executive Director19.3yrs₹290.00kno data
Jugal Bhagat
Independent Non-Executive Director37.6yrs₹265.00k0.0032% 18.9k
Sushil Tripathi
Non-Executive Independent Director5.5yrs₹230.00kno data
Manju Rana
Non-Executive Independent Director5.5yrs₹195.00kno data

9.8yrs

Average Tenure

69.5yo

Average Age

Experienced Board: GINNIFILA's board of directors are considered experienced (9.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Ginni Filaments Limited
  • Ticker: GINNIFILA
  • Exchange: NSEI
  • Founded: 1982
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹584.983m
  • Shares outstanding: 70.65m
  • Website: https://www.ginnifilaments.com

Number of Employees


Location

  • Ginni Filaments Limited
  • D-196, Sector – 63
  • Noida
  • Uttar Pradesh
  • 201307
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
590025BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1995
GINNIFILANSEI (National Stock Exchange of India)YesEquity SharesININRMay 1995

Biography

Ginni Filaments Limited manufactures and sells cotton yarns, 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. The company also exports its products. Ginni Filaments Limited was incorporated in 1982 and is based in Noida, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 13:00
End of Day Share Price2020/02/17 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.