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Globe Textiles (India)

NSEI:GLOBE
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLOBE
NSEI
₹312M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Globe Textiles (India) Ltd. manufactures and trades textile and apparel products in India and internationally. The last earnings update was 158 days ago. More info.


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  • Globe Textiles (India) has significant price volatility in the past 3 months.
GLOBE Share Price and Events
7 Day Returns
-10.9%
NSEI:GLOBE
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-35.4%
NSEI:GLOBE
-3.2%
IN Luxury
-0.7%
IN Market
GLOBE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Globe Textiles (India) (GLOBE) -10.9% 3.5% - -35.4% - -
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
  • GLOBE underperformed the Luxury industry which returned -3.2% over the past year.
  • GLOBE underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

GLOBE Value

 Is Globe Textiles (India) 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
  • It is not possible to calculate the future cash flow value for Globe Textiles (India). This is due to cash flow or dividend data being unavailable. The share price is ₹31.
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 Globe Textiles (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Globe Textiles (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GLOBE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹3.13
NSEI:GLOBE Share Price ** NSEI (2019-04-15) in INR ₹31
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 Globe Textiles (India).

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

= NSEI:GLOBE Share Price ÷ EPS (both in INR)

= 31 ÷ 3.13

9.89x

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

  • Globe Textiles (India) is good value based on earnings compared to the IN Luxury industry average.
  • Globe Textiles (India) is good value based on earnings compared to the India market.
Price based on expected Growth
Does Globe Textiles (India)'s expected growth come at a high price?
Raw Data
NSEI:GLOBE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.6%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 585 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 Globe Textiles (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Globe Textiles (India)'s assets?
Raw Data
NSEI:GLOBE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹35.94
NSEI:GLOBE Share Price * NSEI (2019-04-15) in INR ₹31
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:GLOBE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:GLOBE Share Price ÷ Book Value per Share (both in INR)

= 31 ÷ 35.94

0.86x

* Primary Listing of Globe Textiles (India).

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

  • Globe Textiles (India) is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Globe Textiles (India)'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. Globe Textiles (India) 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.

GLOBE Future Performance

 How is Globe Textiles (India) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Globe Textiles (India), 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
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Globe Textiles (India) expected to grow at an attractive rate?
  • Globe Textiles (India)'s earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Globe Textiles (India)'s earnings growth is positive but not above the India market average.
  • Unable to compare Globe Textiles (India)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:GLOBE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GLOBE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.6%
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:GLOBE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:GLOBE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 2,603 31
2018-06-30 2,515 32
2018-03-31 2,427 -49 33
2017-12-31 2,341 34
2017-09-30 2,091 34
2017-06-30 1,998 34
2017-03-31 1,904 -16 34
2016-03-31 1,825 -71 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Globe Textiles (India)'s earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Globe Textiles (India) 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:GLOBE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Globe Textiles (India) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GLOBE Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 3.13
2018-06-30 3.26
2018-03-31 3.39
2017-12-31 3.59
2017-09-30 3.64
2017-06-30 3.76
2017-03-31 3.89
2016-03-31 1.92

*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 Globe Textiles (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Globe Textiles (India)'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.
Globe Textiles (India) 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.

GLOBE Past Performance

  How has Globe Textiles (India) 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 Globe Textiles (India)'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.
  • Globe Textiles (India)'s year on year earnings growth rate has been positive over the past 5 years.
  • Globe Textiles (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Globe Textiles (India)'s 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Globe Textiles (India)'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 Globe Textiles (India) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GLOBE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2,602.74 30.56 86.71
2018-06-30 2,514.99 31.80 86.41
2018-03-31 2,427.24 33.03 86.12
2017-12-31 2,341.06 34.32 80.88
2017-09-30 2,091.26 34.20 69.84
2017-06-30 1,997.75 34.04 60.98
2017-03-31 1,904.25 33.88 52.12
2016-03-31 1,825.14 16.69 38.38
2015-03-31 1,707.84 24.42 13.29
2014-03-31 1,659.66 22.34 8.04
2013-03-31 1,153.34 13.43 6.32

*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.
  • Globe Textiles (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Globe Textiles (India) used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Globe Textiles (India) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Globe Textiles (India)'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.
Globe Textiles (India) has a total score of 2/6, 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.

GLOBE Health

 How is Globe Textiles (India)'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 Globe Textiles (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Globe Textiles (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Globe Textiles (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Globe Textiles (India)'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 2.1x 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 Globe Textiles (India) Company Filings, last reported 6 months ago.

NSEI:GLOBE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 362.30 530.51 0.54
2018-06-30 362.30 530.51 0.54
2018-03-31 348.99 597.62 25.15
2017-12-31 348.99 597.62 25.15
2017-09-30 330.97 607.71 1.37
2017-06-30 330.97 607.71 1.37
2017-03-31 250.60 532.49 10.72
2016-03-31 216.72 401.83 19.11
2015-03-31 200.42 302.45 34.52
2014-03-31 136.00 335.04 31.87
2013-03-31 91.99 164.97 18.66
  • Globe Textiles (India)'s level of debt (146.4%) 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 (219.6% vs 146.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Globe Textiles (India)'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. Globe Textiles (India) 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.

GLOBE Dividends

 What is Globe Textiles (India)'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 Globe Textiles (India) dividends.
If you bought ₹2,000 of Globe Textiles (India) 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 Globe Textiles (India)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Globe Textiles (India)'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:GLOBE 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 1.4%
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.

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

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

GLOBE Management

 What is the CEO of Globe Textiles (India)'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
Bhavin Parikh
COMPENSATION ₹2,607,660
TENURE AS CEO 2.1 years
CEO Bio

Mr. Bhavin S. Parikh has been Chief Executive Officer and Chief Financial Officer of Globe Textiles (India) Limited since March 22, 2017. Mr. Parikh is in-charge of chalking out financial and business strategies for Globe Textiles (India) Limited. He started his career at Adani Group, spending a year there. He later joined textiles in 2001 at a time Globe Textiles was forging ahead with growth plans. Expanding into new products, visions and markets have been a daily routine while making sure there is a consistent improvement in products and existing customer services. He is the Co-founder of FundTonic, an Angel investment platform that handholds and supports start-ups who hold promise by providing co-working space, accelerator programs, mentoring and helps secure funding. He is nurturing two—one that aims to make technical, innovative papers lasting nearly 300 years and the other that wishes to navigate through the complex world of digital data analytics. His task on hand is to fortify the ideas well, strategize their business plan and action, reach the market at large profitably and help start-ups to reach their goal. He graduated from the Swinburne University of Technology, Australia, with a Bachelors Degree in Finance and Marketing.

CEO Compensation
  • Bhavin's compensation has increased by more than 20% in the past year.
  • Bhavin's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Globe Textiles (India) management team in years:

4.5
Average Tenure
  • The tenure for the Globe Textiles (India) management team is about average.
Management Team

Bhavik Parikh

TITLE
Chairman & MD
COMPENSATION
₹3M
TENURE
7 yrs

Bhavin Parikh

TITLE
CEO & CFO
COMPENSATION
₹3M
TENURE
2.1 yrs

Yash Shah

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹188K
TENURE
2.1 yrs

Nilaybhai Vora

TITLE
Whole Time Director
COMPENSATION
₹772K
AGE
32
TENURE
11.1 yrs
Board of Directors Tenure

Average tenure and age of the Globe Textiles (India) board of directors in years:

2.1
Average Tenure
46.5
Average Age
  • The average tenure for the Globe Textiles (India) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bhavik Parikh

TITLE
Chairman & MD
COMPENSATION
₹3M

Nilaybhai Vora

TITLE
Whole Time Director
COMPENSATION
₹772K
AGE
32
TENURE
11.1 yrs

Yogesh Vaidya

TITLE
Non-Executive Independent Director
TENURE
2.1 yrs

Monish Bhalla

TITLE
Non-Executive Independent Director
AGE
53
TENURE
1.9 yrs

Purvi Parikh

TITLE
Non-Executive Director
AGE
40
TENURE
2.2 yrs

Bharatbhai Patel

TITLE
Non-Executive Independent Director
AGE
59
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 Globe Textiles (India)'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. Globe Textiles (India) 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.

GLOBE News

Simply Wall St News

Do Insiders Own Lots Of Shares In Globe Textiles (India) Ltd. (NSE:GLOBE)?

Generally speaking, as a company grows, institutions will increase their ownership. … Globe Textiles (India) is a smaller company with a market capitalization of ₹300m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Globe Textiles (India)

Simply Wall St -

Why You Should Like Globe Textiles (India) Ltd.’s (NSE:GLOBE) ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Where Globe Textiles (India) Ltd's (NSE:GLOBE) Earnings Growth Stands Against Its Industry

After looking at Globe Textiles (India) Ltd's (NSE:GLOBE) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Globe Textiles (India)? … GLOBE's trailing twelve-month earnings (from 30 September 2017) of ₹34.20m has

Simply Wall St -

What does Globe Textiles (India) Ltd's (NSE:GLOBE) Balance Sheet Tell Us About Its Future?

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … In GLOBE's case, the ratio of 2x suggests that interest is not strongly covered, which means that lenders may refuse to lend the company more money, as it is seen as too risky in terms of default.Next Steps: GLOBE’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

Should You Be Tempted To Buy Globe Textiles (India) Ltd (NSE:GLOBE) Because Of Its PE Ratio?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GLOBE Price per share = ₹41 Earnings per share = ₹3.642 ∴ Price-Earnings Ratio = ₹41 ÷ ₹3.642 = 11.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with GLOBE, then GLOBE’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Are Globe Textiles (India) Ltd's (NSEI:GLOBE) Interest Costs Too High?

NSEI:GLOBE Historical Debt Dec 8th 17 Is GLOBE’s level of debt at an acceptable level? … GLOBE’s debt and cash flow levels indicate room for improvement. … With a high level of debt on its balance sheet, GLOBE could still be in a financially strong position if its cash flow also stacked up.

Simply Wall St -

GLOBE Company Info

Description

Globe Textiles (India) Ltd. manufactures and trades textile and apparel products in India and internationally. The company offers denim and non-denim fabrics; shirting fabrics, such as printed linens, suiting prints, and dyed shirting fabrics; printed fabrics consisting of polyester print fabrics, chadri voiles, sarongs, scarfs, polyester dyed fabrics, cotton prints, and cotton dyed fabrics; and jeans for men and women under the Afford, INDIGEN, and INDIGIRL brand names. It also provides home textiles comprising bedsheets, comforters, fitted and flat sheets, curtains, table linens, and fancy cushions; and various yarns. In addition, the company exports its products. Globe Textiles (India) Ltd. was founded in 1995 and is based in Ahmedabad, India.

Details
Name: Globe Textiles (India) Ltd.
GLOBE
Exchange: NSEI
Founded: 1995
₹312,359,100
10,076,100
Website: http://www.globetextiles.net
Address: Globe Textiles (India) Ltd.
Plot No. 38 to 41,
Ahmedabad Apparel Park,
Ahmedabad,
Gujarat, 380008,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI GLOBE Equity Shares National Stock Exchange of India IN INR 11. Oct 2017
Number of employees
Current staff
Staff numbers
551
Globe Textiles (India) employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 13:05
End of day share price update: 2019/04/15 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
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.