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
|Historical stock prices|
|Current Share Price||₹7.50|
|52 Week High||₹19.20|
|52 Week Low||₹5.70|
|1 Month Change||-5.66%|
|3 Month Change||13.64%|
|1 Year Change||-38.78%|
|3 Year Change||369.73%|
|5 Year Change||n/a|
|Change since IPO||158.92%|
Recent News & Updates
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...
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...
|GLOBE||IN Luxury||IN Market|
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.
|GLOBE Average Weekly Movement||11.8%|
|Luxury Industry Average Movement||6.9%|
|Market Average Movement||6.4%|
|10% most volatile stocks in IN Market||9.1%|
|10% least volatile stocks in IN Market||4.2%|
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
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
|GLOBE fundamental statistics|
Is GLOBE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GLOBE income statement (TTM)|
|Cost of Revenue||₹3.90b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.41|
|Net Profit Margin||1.45%|
How did GLOBE perform over the long term?See historical performance and comparison
Is GLOBE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is GLOBE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GLOBE's PE Ratio compare to its peers?
|GLOBE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
531609 KG Petrochem
530331 Premco Global
521200 Suryalakshmi Cotton Mills
523537 APM Industries
GLOBE Globe Textiles (India)
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.
|Current PE Ratio||18.1x|
|Fair PE Ratio||n/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.
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How is Globe Textiles (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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How has Globe Textiles (India) performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Globe Textiles (India)'s financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
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).
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What is Globe Textiles (India) current dividend yield, its reliability and sustainability?
Dividend Score 0/6
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bhavin Parikh (44 yo)
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.
Experienced Management: GLOBE's management team is seasoned and experienced (7.9 years average tenure).
Experienced Board: GLOBE's board of directors are considered experienced (5.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Globe Textiles (India) Limited's employee growth, exchange listings and data sources
- 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
- Globe Textiles (India) Limited
- Plot No. 38-41, Ahmedabad Apparel Park
- GIDC Khokhra
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 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.