Ginni Filaments Ltd Stock Analysis

BSE: 590025 | NSE: GINNIFILA | Textile - Spinning | Small Cap

BSE Share Price 08-Dec-2022 18:01
34.95 0.85 (2.49%)

DeciZen - Make an Informed Decision on Ginni Filaments

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Ginni Filaments Price Chart

P/E Ratio (SA) :
11.63
Market Cap :
292.1 Cr.
52-wk low :
30
52-wk high :
63.7
Bole Toh?

1. Is Ginni Filaments Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ginni Filaments Ltd is a average quality company.

2. Is Ginni Filaments Ltd undervalued or overvalued?

The key valuation ratios of Ginni Filaments Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Ginni Filaments Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ginni Filaments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ginni Filaments:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ginni Filaments Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10%14.1%8.5%6.3%8.4%5.5%4.2%4.4%12.2%11%-
Value Creation Index -0.30.0-0.4-0.6-0.4-0.6-0.7-0.7-0.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7458688487507657038097887781,0841,132
YoY Gr. Rt. %-16.6%-2.3%-11.5%1.9%-8.1%15.1%-2.6%-1.3%39.3%-
Adj EPS 2.561.30.62.40.6-0.6-0.3552.9
YoY Gr. Rt. %-143.3%-77.9%-58.7%334.6%-76.6%-198.2%NANA0%-
BVPS (₹) 13.218.319.42024.925.325.326.329.934.234.3
Adj Net Profit 17.542.59.43.916.94-3.9-2.139.442.725
Cash Flow from Ops. 64.879.680.780.585.33555.912114-1.2-
Debt/CF from Ops. 64.443.63.28.45.225.82-280.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%7.2%10.3%39.3%
Adj EPS 8.1%15.8%NA0%
BVPS 11.26.510.514.3
Share Price 17.7% -3.5% 62.9% 0.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1935.86.72.610.42.2-2.2-1.118.616.18.6
Op. Profit Mgn % 12.613.710.89.110.47.86.57.514.210.58
Net Profit Mgn % 2.34.91.10.52.20.6-0.5-0.35.13.92.2
Debt to Equity 3.92.62.21.91.51.61.61.711.10.3
Working Cap Days 118123131137124138134148154133119
Cash Conv. Cycle 737481878294861021149442

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.26%

Sales growth is good in last 4 quarters at 23.64%

Return on Equity has declined versus last 3 years average to 8.60%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.11

Latest Financials - Ginni Filaments Ltd.

Standalone Consolidated
TTM EPS (₹) 2.9 -
TTM Sales (₹ Cr.) 1,132 -
BVPS (₹.) 34.3 -
Reserves (₹ Cr.) 208 -
P/BV 0.99 -
PE 11.63 -
From the Market
52 Week Low / High (₹) 30.00 / 63.65
All Time Low / High (₹) 3.20 / 65.30
Market Cap (₹ Cr.) 292
Equity (₹ Cr.) 85.7
Face Value (₹) 10
Industry PE 11.2

Management X-Ray of Ginni Filaments :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *39.6939.5839.5833.2633.2629.6429.6429.6429.6429.64
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Ginni Filaments

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Ginni Filaments Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ginni Filaments on 08-Dec-2022 18:01 is : 34.95.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Dec-2022 18:01 the market cap of Ginni Filaments stood at ₹ 292.1.
The latest PE ratio of Ginni Filaments as of 08-Dec-2022 18:01 is 11.63.
The latest PB ratio of Ginni Filaments as of 08-Dec-2022 18:01 is 0.99
The 52-week high of Ginni Filaments is ₹ 63.65 and the 52-week low is ₹ 30.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Ginni Filaments is ₹ 1,132 ( Cr.) .

About Ginni Filaments Ltd

Ginni Filaments (GFL) was commissioned with 26208 spindles in 1990 to produce ultrafine combed cotton yarn. A 100% export oriented unit, it was designed to produce a quality that was genuinely world class. Sophisticated plant & machinery from the world renowned machinery manufacturers viz. Rieter, Schlafhorst, Volkmann etc. with top of the line support systems for quality monitoring were installed.

Dr. Rajaram Jaipuria with his vision and foresightedness concieved the Ginni Group. With 44 years behind him in managing industries including textiles, sugar and synthetic fibre etc

Located in Tehsil Chatta, Distt. Mathura, Uttar Pradesh, GFL has consistently grown from one strength to another. Installed capacity today stands at 60336 spindles with a capacity of 1000 tonnes per month. 

In January 1998, GFL embarked upon an ambitious expansion project by entering the arena for Open End Yarn. GFL has 1680 rotors with a capacity to produce 600 tonnes per month of open end yarn in the count range of Ne 6 to 20. Products have been well accepted by buyers around the world.

The company has also graduated into knitted fabrics and installed 26 knitting machines from M/s. Terrot and Mayer to produce Single Jersey, Interlock, Rib Terry and Lycra fabrics. Since April 2005, GFL has expanded into processed knitted fabrics. The complete machinery have been imported from Thies & Santex. Ginni has started working with some leading European brands and other global brands like Benetton, C & A, Allen Solly, Van Heusen, J C Penny etc. The success story at GFL is the story of evolution of single minded devotion to quality. The company obtained the ISO 9002 certification as early as 1996 and also got the recognised as Trading house by the Govt. Of India.

In order to get fully vertically integrated and be present from fibre to fashion, Ginni Filaments Limited has entered garment business with it's first unit in Noida in Sept. 2006, with a capacty of 2,50,000 pcs per month. The capacity would be increased to one million pcs per month in a phased manner.

The plant for spunlace non woven fabrics with an installed capacity of 12,000 MT/p.a. which is the first of its kind in India commenced production in March, 2007 in Panoli Industrial Estate, Gujarat. 

Converted products made out of spunlace non woven fabrics have been launched by the company in the Indian Market

Product range of the company includes:

Yarn- Ginni Filaments is one of the leading integrated manufacturers of cotton yarn, processed knit fabrics and knit garments in India. The company also produces spunlace nonwoven fabrics which are used in personal hygiene, healthcare and other technical textiles. Branded products under Ginni brand are distributed all over India.
Fabric -Single Jersey, Single Jersey with Lycra , Rib, Rib with Lycra,Interlock,Pique,Pique with Lycra,Gassed Single Jersey ,Viscose Lycra ,Terry Fabric,Interlock Polyester Fabric,Polar Fleece Fabric, Cotton Melange Single Jersey, Cotton Melange with Lycra.

Textiles- In order to get fully vertically integrated & be present from fibre to fashion, Ginni Filaments has entered into garment business with its first unit at Noida (near New Delhi, India).

Milestones
  • 1990-Capacity installed 
  • 1993-Installed capacity increased to
  • 1995-Installed capacity increased to 
  • 2006-Installed capacity increased to 
  • 1995-Forward integration into knitting 
  • 2005-Set up a knit process house 
  • 2006-Installation of rotor  
  • 2006 -Venture into Nonwoven Consumer Products   
  • 2006 -Venture into Knit Garmenting 
  • 2007 -Venture into Spunlace Nonwoven 
  • 2007 -Venture into Consumer products made from spunlace fabric.


Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now