Is Ginni Filaments a good quality company?

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

Is Ginni Filaments 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 Overvalued zone .

What is Ginni Filaments share price return in the past 10 years?

Ginni Filaments Ltd share price has appreciated 11.5% annually (CAGR) over the past ten years.

Is Ginni Filaments a good buy now?

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

Ginni Filaments Ltd - Stock Valuation and Financial Performance

Name: Ginni Filaments
Brand: Ginni Filaments

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

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Ginni Filaments Share Price

₹34.99 0.79 2.31%
as on 23-Apr'24 15:40

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	14.1%	8.5%	6.3%	8.4%	5.5%	4.2%	4.4%	12.2%	11%	0.3%	-
Value Creation Index ⓘ	0.0	-0.4	-0.6	-0.4	-0.6	-0.7	-0.7	-0.1	-0.2	-1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	868	848	750	765	703	809	788	778	1,084	953	900
Sales YoY Gr.	-	-2.3%	-11.5%	1.9%	-8.1%	15.1%	-2.6%	-1.3%	39.3%	-12.1%	-
Adj EPS ⓘ	6	1.3	0.6	2.4	0.6	-0.6	-0.3	5	5	-1.7	-4.6
YoY Gr.	-	-77.9%	-58.7%	334.6%	-76.6%	-198.2%	NA	NA	0%	-133.7%	-
BVPS (₹) ⓘ	18.3	19.4	20	24.9	25.3	25.3	26.3	29.9	34.2	32.6	28.6
Adj Net Profit ⓘ	42.5	9.4	3.9	16.9	4	-3.9	-2.1	39.4	42.7	-14.4	-39
Cash Flow from Ops. ⓘ	79.6	80.7	80.5	85.3	35	55.9	12	114	-1.2	119	-
Debt/CF from Ops. ⓘ	4.4	4	3.6	3.2	8.4	5.2	25.8	2	-280.2	2.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.1%	6.3%	6.5%	-12.1%
Adj EPS ⓘ	-186.8%	-224.6%	NA	-133.7%
BVPSⓘ	6.6%	5.2%	7.4%	-4.7%
Share Price	11.5%	21.8%	21.6%	60.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	35.8	6.7	2.6	10.4	2.2	-2.2	-1.1	18.6	16.1	-5	-14.9
Op. Profit Mgn % ⓘ	13.7	10.8	9.1	10.4	7.8	6.5	7.5	14.2	10.5	2.4	-0.7
Net Profit Mgn % ⓘ	4.9	1.1	0.5	2.2	0.6	-0.5	-0.3	5.1	3.9	-1.5	-4.3
Debt to Equity ⓘ	2.6	2.2	1.9	1.5	1.6	1.6	1.7	1	1.1	0.9	-
Working Cap Days ⓘ	123	131	137	124	138	134	148	154	133	153	63
Cash Conv. Cycle ⓘ	74	81	87	82	94	86	102	114	94	103	10

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.92

Return on Equity is Poor

Sales growth has been subdued in last 3 years 6.53%

Sales growth is not so good in last 4 quarters at -12.74%

Latest Financials - Ginni Filaments Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-4.6	-
TTM Sales (₹ Cr.)	900	-
BVPS (₹.) ⓘ	28.6	-
Reserves (₹ Cr.) ⓘ	159	-
P/BV ⓘ	1.22	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	20.75 / 45.28
All Time Low / High (₹)	3.20 / 65.30
Market Cap (₹ Cr.)	299
Equity (₹ Cr.)	85.7
Face Value (₹)	10
Industry PE ⓘ	31.9

Management X-Ray of Ginni Filaments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

29.64

17.43

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

Valuation of Ginni Filaments

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ginni Filaments

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	868	848	750	765	703	809	788	778	1,084	953
Operating Expenses ⓘ	750	760	682	687	650	757	729	668	971	931
Manufacturing Costs	146	153	135	144	138	132	135	119	171	156
Material Costs	504	489	446	445	417	520	487	440	654	638
Employee Cost	44	47	50	53	54	59	61	62	73	74
Other Costs ⓘ	56	70	51	45	41	46	45	47	72	63
Operating Profit ⓘ	118	88	68	78	53	52	59	110	114	22
Operating Profit Margin (%)	13.6%	10.4%	9.0%	10.2%	7.5%	6.5%	7.5%	14.2%	10.5%	2.4%
Other Income ⓘ	8	4	4	7	5	3	3	2	5	4
Interest ⓘ	38	45	35	29	30	33	33	27	24	23
Depreciation ⓘ	24	32	29	26	26	26	26	25	26	29
Exceptional Items ⓘ	-13	-3	-1	0	0	0	6	2	6	0
Profit Before Tax ⓘ	50	13	7	30	2	-3	9	63	74	-26
Tax ⓘ	14	5	3	14	0	0	4	22	26	-11
Profit After Tax	36	8	4	16	3	-3	6	41	48	-14
PAT Margin (%)	4.2%	0.9%	0.6%	2.1%	0.4%	-0.4%	0.7%	5.3%	4.5%	-1.5%
Adjusted EPS (₹)	5.1	1.1	0.6	2.3	0.4	-0.5	0.8	5.2	5.7	-1.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	137	145	149	176	179	179	186	237	293	279
Share Capital ⓘ	78	78	78	71	71	71	71	79	86	86
Reserves ⓘ	59	66	71	105	108	108	115	157	207	193
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	313	282	244	226	267	284	300	212	302	227
Long Term Debt	162	121	79	72	62	65	86	25	88	73
Short Term Debt	150	161	165	154	204	220	214	187	213	154
Trade Payables	48	27	22	37	56	67	40	35	80	39
Others Liabilities ⓘ	109	111	113	91	72	57	70	100	102	92
Total Liabilities ⓘ	606	564	528	530	573	588	595	583	777	637
Fixed Assets
Gross Block	538	550	560	551	584	597	607	624	693	715
Accumulated Depreciation	263	293	317	321	333	359	383	407	424	453
Net Fixed Assetsⓘ	275	256	243	230	251	238	224	217	269	263
CWIP ⓘ	2	2	1	18	4	2	1	2	3	4
Investmentsⓘ	8	8	8	29	29	34	34	34	33	36
Inventories	168	115	120	144	162	158	175	180	258	162
Trade Receivables	80	97	78	67	88	105	115	104	145	94
Cash Equivalents	4	4	4	5	5	5	6	4	6	4
Others Assetsⓘ	69	82	73	38	35	46	41	43	63	75
Total Assets ⓘ	606	564	528	530	573	588	595	583	777	637

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	80	81	80	85	35	56	12	114	-1	119
PBT ⓘ	50	13	7	30	2	-3	9	63	74	-26
Adjustment ⓘ	71	78	60	50	53	59	53	57	50	54
Changes in Working Capital ⓘ	-35	-3	13	12	-15	1	-52	4	-103	94
Tax Paid ⓘ	-6	-7	0	-7	-5	0	2	-11	-22	-3
Cash Flow From Investing Activity ⓘ	-8	-12	-13	-30	-31	-11	6	-17	-76	-24
Capex	-9	-13	-14	-31	-32	-11	4	-18	-71	-25
Net Investments	0	0	0	0	0	-1	1	1	-6	0
Others ⓘ	1	1	1	1	1	2	1	0	1	1
Cash Flow From Financing Activityⓘ	-73	-68	-68	-55	-4	-46	-17	-97	77	-94
Net Proceeds from Shares ⓘ	0	-28	0	0	0	0	0	13	6	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	-26	-21	26	-53	71	-10
Interest Paid ⓘ	-33	-41	-31	-27	-28	-33	-33	-27	-25	-23
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-40	0	-37	-27	50	7	-10	-30	24	-61
Net Cash Flow ⓘ	-2	0	0	1	0	-1	1	0	-1	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	32.65	5.84	3.16	10.18	1.5	-1.95	3.13	19.56	18.27	-5.01
ROCE (%)	18	12.08	9.37	13.42	7.04	6.39	8.79	18.86	18.2	-0.52
Asset Turnover Ratio	1.48	1.46	1.38	1.45	1.27	1.39	1.33	1.32	1.59	1.35
PAT to CFO Conversion(x)	2.22	10.13	20	5.31	11.67	N/A	2	2.78	-0.02	N/A
Working Capital Days
Receivable Days	33	38	43	34	40	43	51	51	42	46
Inventory Days	68	61	57	63	79	72	77	83	74	80
Payable Days	41	28	20	24	41	43	40	31	32	34

Ginni Filaments Ltd Stock News

Ginni Filaments Ltd FAQs

What is the share price of Ginni Filaments?

Company share prices are keep on changing according to the market conditions. The closing price of Ginni Filaments on 23-Apr-2024 15:40 is ₹34.99.

What is the market cap of Ginni Filaments?

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 23-Apr-2024 15:40 the market cap of Ginni Filaments stood at ₹298.6.

What is the P/E ratio of Ginni Filaments?

The latest P/E ratio of Ginni Filaments as of 23-Apr-2024 15:40 is 0.00.

What is the P/B ratio of Ginni Filaments?

The latest P/B ratio of Ginni Filaments as of 23-Apr-2024 15:40 is 1.22.

What is the 52-week high and low of Ginni Filaments?

The 52-week high of Ginni Filaments is ₹45.28 and the 52-week low is ₹20.75.

What is the TTM revenue of Ginni Filaments?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ginni Filaments is ₹899.6 ( 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