GTN Industries Ltd - Stock Valuation and Financial Performance

BSE: 500170 | NSE: GTNIND | Textile - Spinning | Small Cap

GTN Inds Share Price

30 -0.97 -3.13%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on GTN Inds

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GTN Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
54.3 Cr.
52-wk low:
23.8
52-wk high:
63

Is GTN Industries Ltd an attractive stock to invest in?

1. Is GTN Industries Ltd a good quality company?

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

2. Is GTN Industries Ltd undervalued or overvalued?

The key valuation ratios of GTN Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is GTN Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GTN Industries 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 GTN Inds:

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.
GTN Industries 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.3%0.5%6.7%3.8%3.3%3.3%2.7%4.9%28.3%14%-
Value Creation
Index
-0.5-1.0-0.5-0.7-0.8-0.8-0.8-0.71.00-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 562409280284296357344310481314189
Sales YoY Gr.--27.3%-31.5%1.3%4.2%20.7%-3.5%-9.9%55%-34.7%-
Adj EPS 0.1-7.91.1-2.7-4.7-4.8-6.4-3.826.98.8-3.5
YoY Gr.--13250%NA-346.4%NANANANANA-67.2%-
BVPS (₹) 14.45.93.433.237.332.729.626.145.954.752
Adj Net
Profit
0.1-13.91.9-4.8-8.2-8.4-11.3-6.647.215.5-6
Cash Flow from Ops. 3425.324.52112.222.98.134.517.419.4-
Debt/CF from Ops. 5.95.767.115.17.921.355.11.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6.3%1.2%-3%-34.7%
Adj EPS 74.1%NANA-67.2%
BVPS16%8%22.8%19.3%
Share Price 15.7% 25.6% 36.7% 18%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.3-25.52.6-7-13.3-13.7-20.7-13.674.717.5-6.6
Op. Profit
Mgn %
6.13.27.86.86.355.87.817.59.8-1
Net Profit
Mgn %
0-3.40.7-1.7-2.8-2.4-3.3-2.19.84.9-3.3
Debt to
Equity
5.75.14.52.62.83.13.33.81.10.3-
Working Cap
Days
9310211911413612011813812017179
Cash Conv.
Cycle
4347575963494457609759

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.33

Return on Equity is Poor

Sales growth has been subdued in last 3 years -3.02%

Sales growth is not so good in last 4 quarters at -35.78%

Latest Financials - GTN Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -3.5 -
TTM Sales (₹ Cr.) 189 -
BVPS (₹.) 52 -
Reserves (₹ Cr.) 74 -
P/BV 0.60 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 23.75 / 63.00
All Time Low / High (₹) 4.94 / 143.75
Market Cap (₹ Cr.) 54.3
Equity (₹ Cr.) 17.5
Face Value (₹) 10
Industry PE 29.3

Management X-Ray of GTN Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *51.2151.2151.2151.2151.2151.2170.0551.2151.2170.05
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of GTN Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales561.78408.69280.06283.72295.53356.70344.18310.24480.91313.89
Operating Expenses 529.37395.56258.16264.41277.07338.83325.22286.10396.89283.09
Manufacturing Costs66.8958.3449.8046.1246.4851.3948.2942.3349.0226.73
Material Costs400.98286.83167.31176.76187.32237.53228.50197.30284.45226.34
Employee Cost 35.0831.2627.4227.7928.9133.9332.2529.8734.1615.59
Other Costs 26.4219.1313.6313.7414.3615.9916.1816.6029.2714.42
Operating Profit 32.4113.1321.9119.3118.4617.8818.9624.1584.0230.80
Operating Profit Margin (%) 5.8%3.2%7.8%6.8%6.2%5.0%5.5%7.8%17.5%9.8%
Other Income 2.362.932.102.442.211.671.111.391.212.23
Interest 24.0321.4618.3218.6622.5223.312524.9110.817.58
Depreciation 14.958.721.238.778.769.209.148.905.883.57
Exceptional Items 00.99-9.42-1.221.8809.150-18.370
Profit Before Tax -4.21-13.13-4.95-6.89-8.73-12.96-4.91-8.2750.1721.88
Tax -3.38-0.59-0.54-2.16-2.48-4.610.54-2.0415.526.32
Profit After Tax -0.83-12.54-4.42-4.72-6.24-8.35-5.44-6.2234.6515.56
PAT Margin (%) -0.1%-3.1%-1.6%-1.7%-2.1%-2.3%-1.6%-2.0%7.2%5.0%
Adjusted EPS (₹)-0.5-7.2-2.5-2.7-3.6-4.8-3.1-3.619.88.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 35.5373.3777.9558.1865.5357.4351.8745.7680.5096.07
Share Capital 27.5535.5544.5517.5517.5517.5517.5517.5517.5517.55
Reserves 7.9837.8233.4040.6347.9839.8834.3228.2162.9578.52
Minority Interest0000000000
Debt184.84131.02132.17135.65159.70168.33162.84154.5788.9131.36
Long Term Debt106.0265.3856.0349.9261.4379.0671.0871.1954.0819.42
Short Term Debt78.8265.6476.1585.7398.2689.2791.7683.3834.8311.94
Trade Payables36.7528.8419.2926.4337.5539.6541.1330.8643.8511.51
Others Liabilities 23.8619.2821.5626.1339.1616.3217.2134.4510515.94
Total Liabilities 280.99252.51250.98246.39301.94281.73273.04265.64318.25154.87

Fixed Assets

Gross Block331.34298.13301.67156.89320.19324.94310.48310.60144.17138.88
Accumulated Depreciation194.91147.25145.857.82149.71157.54164.52173.3690.1388.36
Net Fixed Assets136.43150.88155.83149.08170.48167.40145.96137.2454.0350.53
CWIP 0.800.430.320.120.070.38002.845.53
Investments 0000000000
Inventories74.5256.8456.7859.1763.2653.9961.8559.31112.6443.99
Trade Receivables27.6415.5810.7314.4732.1926.9424.3227.5346.4428.56
Cash Equivalents 8.976.477.606.422.278.719.7511.7511.364.54
Others Assets32.6122.3219.7217.1433.6824.3231.1629.8190.9421.72
Total Assets 280.99252.51250.98246.39301.94281.73273.04265.64318.25154.87

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 33.9925.3124.5321.0312.1622.938.0834.5417.3719.38
PBT -4.21-13.13-4.95-5.05-6.46-8.10-5.56-6.1134.7415.57
Adjustment 38.7228.8119.2927.6731.2432.5124.8933.8127.6411.24
Changes in Working Capital -0.519.6310.19-2.1-12.53-1.47-11.157.02-44.76-7.9
Tax Paid 0000.51-0.100-0.09-0.18-0.260.47
Cash Flow From Investing Activity -7.67-8.06-5.87-1.80-30.17-6.4321.93-0.1857.7847.26
Capex -7.67-8.06-5.87-1.80-30.17-6.4321.93-0.1813.8147.26
Net Investments 0000000000
Others 0000000043.970
Cash Flow From Financing Activity -19.97-23.61-16.10-19.5615.74-14.35-28.57-32.60-77.76-66.93
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -7.71-12.39-9.35-12.748.41-10.37-7.990.11-17.11-34.66
Interest Paid -24.09-21.05-18.38-18.39-22.21-22.99-23.07-24.33-12.10-9.38
Dividend Paid 0000000000
Others 11.839.8211.6311.5829.5419.012.49-8.38-48.55-22.89
Net Cash Flow 6.35-6.372.56-0.33-2.272.161.451.76-2.62-0.29
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-3.22-70.53-54.48-14.75-10.09-13.59-9.96-12.7554.8917.62
ROCE (%)8.514.097.576.086.054.258.77.5331.5219.85
Asset Turnover Ratio1.941.531.111.151.081.221.241.151.651.33
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A0.51.25
Working Capital Days
Receivable Days23191716293027312844
Inventory Days49597474766061716591
Payable Days40425347625965674845

GTN Industries Ltd Stock News

GTN Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GTN Inds on 28-Mar-2024 16:01 is ₹30.00.
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 28-Mar-2024 16:01 the market cap of GTN Inds stood at ₹54.32.
The latest P/E ratio of GTN Inds as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of GTN Inds as of 28-Mar-2024 16:01 is 0.60.
The 52-week high of GTN Inds is ₹63.00 and the 52-week low is ₹23.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GTN Inds is ₹188.9 ( Cr.) .

About GTN Industries Ltd

GTN Industries was incorporated on August 2, 1962 in Alwaye, Kerala for the Manufacture of Cotton Yarn with a Capacity of 12000 Spindles. In 1966 the company was taken over by the present promoters the Patodia GTN Group. In 1983 GTN established another Unit at chitkul village Sangareddy Taluk Madak Dist. in Andra Pradesh.

GTN Industries, an organisation with over five decades of ceaseless efforts to select the best natural cotton fibre from the World Markets and convert it into value added products at the consumer end of the markets.

The company is having vertically integrated manufacturing set-up to produce fine and superfine cotton yarns, grey knitted fabrics, gassed fabrics, organic fabrics, mercerized fabrics and life style garments and Double Mercerized Cotton offers a unique One Stop Shop to those looking for an operationally strong and reliable source.

GTN Industries’ Cotton Yarn processing Plant at Shadnagar, near Hyderabad with an installed capacity of 6 tons/day, produces international quality Gassed, Mercerized, Dyed, Bleached Yarns. Grey Yarns that are spun at GTN’s in-house world class spinning facility with advance technology are processed on complimenting modern processing machines. The Company’s state-of-theart infrastructure sourced from world leaders in Italy, Switzerland and Germany

The company is having a state-of-the-art Garment Unit with built-up area of 8000 sq. mts spread over 7 acres with latest machinery and open width cutting capable of producing 4 million knitted garments per annum in the highest end of lifestyle garments at Hyderabad.

Product range of the company includes:
  • Grey yarns
  • Gassed yarns
  • Organic yarns,
  • Mercerized and dyed yarns
  • Knitted fabrics
  • Double mercerized garments

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