Ginni Filaments Limited manufactures and sells cotton yarns, knitted fabrics, non-woven fabrics, garments, and wipes in India.
Mediocre balance sheet and overvalued.
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.
7 Day Return
1 Year Return
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.
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
6 days ago | Simply Wall StWhat Kind Of Investor Owns Most Of Ginni Filaments Limited (NSE:GINNIFILA)?
3 weeks ago | Simply Wall StHere's Why Ginni Filaments (NSE:GINNIFILA) Is Weighed Down By Its Debt Load
1 month ago | Simply Wall StImagine Owning Ginni Filaments (NSE:GINNIFILA) While The Price Tanked 63%
Is Ginni Filaments undervalued compared to its fair value and its price relative to the market?
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).
How is Ginni Filaments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of GINNIFILA’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.
- Ginni Filaments competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Ginni Filaments performed over the past 5 years?
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
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.
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.
What is Ginni Filaments's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Shishir Jaipuria (62yo)
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.
|Director of Finance||10.5yrs||₹4.39m||no data|
|Executive Director||9yrs||₹6.20m||8.69% ₹50.8m|
|Independent Non-Executive Director||20.1yrs||₹275.00k||no data|
|Independent Non-Executive Director||19.3yrs||₹290.00k||no data|
|Independent Non-Executive Director||37.6yrs||₹265.00k||0.0032% ₹18.9k|
|Non-Executive Independent Director||5.5yrs||₹230.00k||no data|
|Non-Executive Independent Director||5.5yrs||₹195.00k||no data|
Experienced Board: GINNIFILA's board of directors are considered experienced (9.8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.
Ginni Filaments Limited's company bio, employee growth, exchange listings and data sources
- 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
- Ginni Filaments Limited
- D-196, Sector – 63
- Uttar Pradesh
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|590025||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||May 1995|
|GINNIFILA||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||May 1995|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 13:00|
|End of Day Share Price||2020/02/17 00:00|
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.