company background image
GLOB

Globe Textiles (India) NSEI:GLOBE Stock Report

Last Price

₹7.50

Market Cap

₹1.1b

7D

-8.0%

1Y

-38.8%

Updated

11 Aug, 2022

Data

Company Financials
GLOBE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends0/6

GLOBE Stock Overview

Globe Textiles (India) Limited manufactures and trades in textile and apparel products in India and internationally.

Globe Textiles (India) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Globe Textiles (India)
Historical stock prices
Current Share Price₹7.50
52 Week High₹19.20
52 Week Low₹5.70
Beta0.62
1 Month Change-5.66%
3 Month Change13.64%
1 Year Change-38.78%
3 Year Change369.73%
5 Year Changen/a
Change since IPO158.92%

Recent News & Updates

Aug 04
Should You Be Adding Globe Textiles (India) (NSE:GLOBE) To Your Watchlist Today?

Should You Be Adding Globe Textiles (India) (NSE:GLOBE) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Jul 02
We Think Globe Textiles (India) (NSE:GLOBE) Is Taking Some Risk With Its Debt

We Think Globe Textiles (India) (NSE:GLOBE) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

GLOBEIN LuxuryIN Market
7D-8.0%-0.7%0.5%
1Y-38.8%20.6%8.7%

Return vs Industry: GLOBE underperformed the Indian Luxury industry which returned 20.6% over the past year.

Return vs Market: GLOBE underperformed the Indian Market which returned 8.7% over the past year.

Price Volatility

Is GLOBE's price volatile compared to industry and market?
GLOBE volatility
GLOBE Average Weekly Movement11.8%
Luxury Industry Average Movement6.9%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market4.2%

Stable Share Price: GLOBE is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: GLOBE's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1995539Bhavin Parikhhttps://globetextiles.net

Globe Textiles (India) Limited manufactures and trades in 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, including 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, INDIGIRL, and INDIGEN brand names. It also provides yarns; and home textiles consisting of bedsheets, comforters, fitted and flat sheets, curtains, table linens, and fancy cushions, as well as personal protective equipment (PPE) suit, face mask, and t-shirts.

Globe Textiles (India) Fundamentals Summary

How do Globe Textiles (India)'s earnings and revenue compare to its market cap?
GLOBE fundamental statistics
Market Cap₹1.13b
Earnings (TTM)₹62.54m
Revenue (TTM)₹4.31b

18.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLOBE income statement (TTM)
Revenue₹4.31b
Cost of Revenue₹3.90b
Gross Profit₹417.44m
Other Expenses₹354.90m
Earnings₹62.54m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.41
Gross Margin9.68%
Net Profit Margin1.45%
Debt/Equity Ratio182.4%

How did GLOBE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GLOBE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GLOBE?

Other financial metrics that can be useful for relative valuation.

GLOBE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA12.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GLOBE's PE Ratio compare to its peers?

GLOBE PE Ratio vs Peers
The above table shows the PE ratio for GLOBE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.3x
531609 KG Petrochem
7.1xn/a₹1.2b
530331 Premco Global
9.1xn/a₹1.5b
521200 Suryalakshmi Cotton Mills
3.4xn/a₹1.2b
523537 APM Industries
5.5xn/a₹1.0b
GLOBE Globe Textiles (India)
18.1xn/a₹1.1b

Price-To-Earnings vs Peers: GLOBE is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the peer average (6.3x).


Price to Earnings Ratio vs Industry

How does GLOBE's PE Ratio compare vs other companies in the IN Luxury Industry?

Price-To-Earnings vs Industry: GLOBE is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the Indian Luxury industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is GLOBE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GLOBE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GLOBE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GLOBE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GLOBE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GLOBE's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.6%

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 Globe Textiles (India) 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.


Discover growth companies

Past Performance

How has Globe Textiles (India) performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GLOBE has high quality earnings.

Growing Profit Margin: GLOBE's current net profit margins (1.4%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: GLOBE's earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: GLOBE's earnings growth over the past year (245.9%) exceeds its 5-year average (0.9% per year).

Earnings vs Industry: GLOBE earnings growth over the past year (245.9%) exceeded the Luxury industry 67.2%.


Return on Equity

High ROE: GLOBE's Return on Equity (12.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Globe Textiles (India)'s financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GLOBE's short term assets (₹2.3B) exceed its short term liabilities (₹1.9B).

Long Term Liabilities: GLOBE's short term assets (₹2.3B) exceed its long term liabilities (₹203.4M).


Debt to Equity History and Analysis

Debt Level: GLOBE's net debt to equity ratio (182.1%) is considered high.

Reducing Debt: GLOBE's debt to equity ratio has reduced from 183.6% to 182.4% over the past 5 years.

Debt Coverage: GLOBE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GLOBE's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Globe Textiles (India) current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GLOBE has not reported any payouts.


Discover strong dividend paying companies

Management

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

7.9yrs

Average management tenure


CEO

Bhavin Parikh (44 yo)

5.42yrs

Tenure

₹485,000

Compensation

Mr. Bhavin Suryakantbhai Parikh has been the Chief Executive Officer and Chief Financial Officer of Globe Textiles (India) Limited since March 22, 2017. Mr. Parikh had been a Non-Executive Non-Independent...


CEO Compensation Analysis

Compensation vs Market: Bhavin's total compensation ($USD6.14K) is below average for companies of similar size in the Indian market ($USD37.70K).

Compensation vs Earnings: Bhavin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GLOBE's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: GLOBE's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GLOBE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Globe Textiles (India) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Globe Textiles (India) Limited
  • Ticker: GLOBE
  • Exchange: NSEI
  • Founded: 1995
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: ₹1.134b
  • Shares outstanding: 151.14m
  • Website: https://globetextiles.net

Number of Employees


Location

  • Globe Textiles (India) Limited
  • Plot No. 38-41, Ahmedabad Apparel Park
  • GIDC Khokhra
  • Ahmedabad
  • Gujarat
  • 380008
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.