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GB Global Ltd Stock Analysis

Small Cap
Evaluated by 489 users | BSE: 533204 | NSE: GBGLOBAL |
Textile

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on Capital Employed 14.2%12.02%12.11%9.95%9.69%9.07%8.76%-43.53%-97.13%-16.39%-20.06%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 6268389801,3631,5181,5431,64751732829326056
Y-o-Y Gr. Rt.-34%16.9%39.1%11.4%1.7%6.7%-68.6%-36.6%-10.6%-11.3%-
Adjusted EPS (Rs.) 22.4219.8724.1121.118.9618.2416.53-219.5-242.17-13.7-138.23174.94
Y-o-Y Gr. Rt.--11.4%21.3%-12.5%-10.1%-3.8%-9.4%-1427.9%NANANA-
Book Value per Share (Rs.) 77.88106.29126.03142.5158.04167.41186.18-33.45-274.69-287.87-3,001.1-3308.41
Adjusted Net Profit 55.765.879.969.962.860.454.8-727-802-45.4-45.81,051
Net Op. Cash Flow (Rs. Cr.) -15.2-32.4-0.1-13.450.315760.71.620-8.40-
Debt to Cash Flow from Ops -27.31-17.21-6,292.07-64.318.585.5716.53685.7552.27-125.4430,797.4-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
GB Global Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales -12.2%-30%-20.5%-11.3%
Adjusted EPS -224.1%-249.9%NANA
Book Value per Share -244.9-278.100
Share Price -26.6% -17.7% 26.4% 61.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on Equity (%) 34.0624.1320.7515.7112.6111.218.24-176.91228.45.855.55-100.64
Operating Profit Margin (%) 20.517.8719.0814.7616.2514.9614.82-108.16-177.98-0.78-10.25-95.51
Net Profit Margin (%) 8.897.858.155.134.143.923.33-140.71-244.68-15.49-17.631,873.27
Debt to Equity 2.141.581.681.821.781.581.63-9.59-1.15-1.1-1.050
Working Capital Days 1631842232192452592647094481271281346
Cash Conversion Cycle 1131391701631781962065713315047-
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Entity Percentage Holding
Promoters 32.01%
Institutions 1.99%
Non-Institutions 66.00%
Pledged *0.040.000.040.040.040.040.040.040.040.04
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

GB Global Ltd's earnings have declined by -249.9%, whereas share price has declined -17.7% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.

GB Global Ltd share price has declined -26.6% annually (CAGR) over the past ten years.

Data is not available for this company.

Mandhana Industries was incorporated on July 25, 1984 at Mumbai in the State of Maharashtra as Mandhana Textile Mills Private Limited under the Companies Act, 1956. With effect from July 1, 1993, the company was converted into a deemed public limited company under Section 43A of the Companies Act, 1956, whereby the word “Private” was deleted from the name of the company. On April 18, 1995 the name of the company was changed from “Mandhana Textile Mills

Mandhana Industries was incorporated on July 25, 1984 at Mumbai in the State of Maharashtra as Mandhana Textile Mills Private Limited under the Companies Act, 1956. With effect from July 1, 1993, the company was converted into a deemed public limited company under Section 43A of the Companies Act, 1956, whereby the word “Private” was deleted from the name of the company. On April 18, 1995 the name of the company was changed from “Mandhana Textile Mills Limited” to “Mandhana Industries Limited”. On March 27, 2002, pursuant to Section 43A (2A) of the companies Act, 1956, the company was converted from a deemed public limited company to a private limited company and the company’s name was changed to “Mandhana Industries Private Limited”. On May 15, 2007, the company was converted into a public limited company whereby the word “Private” was deleted from the name of the company.

Though the company’s operations started out in the year 1984 through textile trading, the processing activities commenced in the year 1994, with the setting up a plant at Tarapur for processing and printing of fabrics called as “Mandhana Dyeing Unit”. In 1998, pursuant to its venture into fabrics processing, it decided to expand its horizons by penetrating the international garments market and thereby began its export operations to the European market. At present, the company exports garments on a global scale to all the known international garment markets. Further, in order to meet its internal requirements and thereby simultaneously reduce its costs, the company set up a Weaving House at Tarapur for production of greige fabrics, called as “Mandhana Weaving House Unit”.

Mandhana Industries Export Division (Bangalore Unit) is situated at Bangalore. The garments manufactured therein cater to its international demand, thereby meeting the specified international criteria of its various international customers. Further, in 2004, it set up a sales office in Chennai so as to facilitate its market expansion into the southern region of India. In 2005, it set up a new modernised unit called as “Mandhana Weaving House (Shirting Division)” at Tarapur which is engaged in manufacturing various fabrics including cotton, polyester etc. as well as engaging in the process of yarn dyeing.The company’s further expansion into processing, weaving and garmenting further enhanced its capacity thereby enabling it to cater to a greater number of customers both domestically and in the export markets. The company’s focus on quality, designing and sampling inputs and lower turnaround time has made us the vendor of choice for many customers. Its focus on mid to high-end segments has helped it in maintaining its margins. The current expansion of facilities would help it ensure quality products to its customers. Further it complements its presence in the textile and garment value chain starting from yarn dyeing to selling its garments through its overseas offices.

The current strength of its manpower is approximately 3248 people. Presently, it is operating with 184 weaving looms producing approximately 200 lakh meters of fabric per annum and 750 sewing machines with an overall production capacity of 30 lakh garment pieces per annum. Further its processing capacity of finished fabric is 300 lakh metres per annum and its yarn dyeing capacity is 20 lakh kgs per annum.

Business area of the company

The company is a vertically integrated textile and garment manufacturing company in India. Its operations and facilities enable it to manufacture a wide variety of value-added fabrics and garments through its integrated operations comprising of dyeing of yarns and fabrics, weaving operations for fabrics, processing solutions for both fabrics and garments, garment manufacturing, domain expertise in providing sampling and designing for both fabrics and garments. The company’s operations and facilities enable it to provide a number of textile products / processes for its customers.

The company focused towards capitalizing on the vertical integration of its operations which gives it the advantage of higher profit margins from its garment business. It has achieved a high level of self-sufficiency in producing new designs and samples for its clients which has helped it in enhancing its product offering portfolio and improved its adaptability to the latest trends in fashion. The company has positioned itself as a multi-product, multi-fibre and multi-market player ensuring that its target market is a diverse mix of domestic fabrics and garments as well as the international garment markets.

Awards and Achievements

  • 2004: NIRYAT SHREE Gold Trophy awarded by the Federation of Indian Export Organisations for outstanding export performance in the category of textiles and textile products
  • 2005: Certificate dated June 29, 2005 issued by Dewhirst Ladieswear approving our Bangalore Unit as a “Manufacturing Site” based on Marks & Spencer Global Sourcing Principals and the Ethical Trading
  • 2005: Initiative Base Code “NIRYAT SHREE” certificate of excellence awarded by the Federation of Indian Export Organisations for outstanding export performance in the category of textiles and textile products
  • 2006: SA 8000:2001 Certification for Social Accountability Management System for Manufacture and Export of
  • 2006: Garments ISO 9001:2000 Certification for Quality Management System for Manufacture & Export of Garments
  • 2007: Excellence award for excellence in productivity, quality, innovation and management awarded by the Institute of Economic Studies, Delhi (IES) in the year 2007 at the time of the seminar on Economic Development

Milestones

  • 1984: The company was incorporated as a private limited company
  • 1993: The company was converted into a deemed public limited company under Section 43A of the Companies Act
  • 1994: Ventured into manufacturing activities by setting up of Mandhana Dyeing Unit at Tarapur.
  • 1995: Change of name of the company to Mandhana Industries Limited
  • 1998: Exports to the European garments market the company 2002 was converted from a deemed public limited company to a private limited company set up of Mandhana Weaving House Unit at Tarapur
  • 2003: Set up of sales office in Delhi
  • 2004: Establishment of Mandhana Industries Export Division (Bangalore Unit) at Bangalore set up of sales office in Chennai
  • 2005: Establishment of Mandhana Weaving House (Shirting Division) at Tarapur set up of a liaison office at Paris called as Mandhana Europe
  • 2006: Set up of Tirupati Apparel, a garment manufacturing and sampling unit at Vikhroli, Mumbai
  • 2007: The company was converted into a public limited company
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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