Gloster Ltd. - (Amalgamated) Stock Analysis

BSE: 538595 | NSE: | Textile | Small Cap

BSE Share Price
Not Listed

DeciZen - Make an Informed Decision on Gloster-(Amalgamat)

Overall Rating

2. Valuation

Undervalued
P/E P/S EV/EBITDA

3. Price Trend

10 Year X-Ray:

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

Value Creation Index Colour Code Guide
Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
ROCE % 13%6%6.6%6.8%5.8%4%3.4%5.2%4.8%4.4%-
Value Creation Index -0.1-0.6-0.5-0.5-0.6-0.7-0.8-0.6-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 168195306308345335325427504463463
YoY Gr. Rt. %-16.3%56.8%0.5%12.2%-2.9%-2.9%31.2%17.9%-8.1%-
Adj EPS 7.99.216.717.918.813.910.617.4145.619439.4
YoY Gr. Rt. %-17.3%80.6%7.3%5.4%-26.2%-24.1%65%736.5%33.2%-
BVPS (₹) 49.156.668.180.396.7106.7113.6133.6372.1614.2125.5
Adj Net Profit 8.29.717.418.719.714.51118.229.138.841
Cash Flow from Ops. 916.8-22.947.225.319.430.73.973.860.4-
Debt/CF from Ops. 3.41.6-2.81.12.52.91.321.70.50.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 11.9%6.1%12.5%-8.1%
Adj EPS 42.8%59.4%163.9%33.2%
BVPS 32.444.775.565.1
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
Return on Equity % 17.36.16.56.95.83.72.95.34.94.410.7
Op. Profit Mgn % 1211.211.810.711.58.898.813.818.413.4
Net Profit Mgn % 4.94.95.76.15.74.33.44.35.88.48.9
Debt to Equity 0.60.40.90.60.60.50.30.60.50.1-
Working Cap Days 99107971071221661781661692020
Cash Conv. Cycle 475364837384898477780

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Gloster Ltd. - (Amalgamated)

Standalone Consolidated
TTM EPS (₹) 39.4 40.3
TTM Sales (₹ Cr.) 463 463
BVPS (₹.) 125.5 128.5
Reserves (₹ Cr.) 121 124
P/BV 5.66 5.52
PE 17.99 17.61
From the Market
52 Week Low / High (₹) 687.15 / 715.00
All Time Low / High (₹) 37.50 / 793.90
Market Cap (₹ Cr.) 743
Equity (₹ Cr.) 10.5
Face Value (₹) 10
Industry PE 15.4

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Gloster Ltd. - (Amalgamated)

Gloster Limited (Formerly, Kettlewell Bullen& Company Limited) was converted and incorporated as a limited company under the provisions of the Companies Act 1913. In 1879, it was appointed as the managing agent of Fort Gloster Jute Manufacturing Company Limited which became Fort Gloster Industries Limited subsequently.

The House of Bangurs as one of the leading business conglomerates acquired the Company in the year 1954. In compliance with the change in statute, it ceased to be the managing agent w.e.f December 31, 1969. It however, continued to be the main Promoter and controller of Fort Gloster Industries Limited.

In 1992, the jute division of Fort Gloster Industries Limited was demerged into a separate company called Gloster Jute Mills Limited which was renamed as Gloster Limited (erstwhile). As required by statute, being the holding Company, in the year 1998, the Company was registered as a non-banking financial company (non-deposit accepting) with the Reserve Bank of India.

The National Company Law Tribunal has vide its order dated January 19, 2018 sanctioned a Scheme of Amalgamation of the Company with erstwhile Gloster Limited and post this Scheme the Company has surrendered its NBFC certificate to Reserve Bank of India and the principal business of the Company is manufacturing of jute products. The name of the Company was changed to Gloster Limited vide Certificate of Incorporation dated May 9, 2018 pursuant to the Scheme.

The company’s two manufacturing units are situated at Bauria, P.O. Fort Gloster, District Howrah in the State of West Bengal. The present management has experience of over 64 years in the Jute industry and running large Jute manufacturing units.

Business area of the company

The Company is engaged in manufacturing and exporting of all types of Jute & Jute allied products, Woven & Non-Woven Jute Geotextiles, Treated Fabric-Rot Proof, Fire Retardant, jute products for Interior Decoration and Packaging of Industrial and Agricultural produce. 

Products of the company

Standard Products

  • Hessian Cloth/Bags
  • Sacking Cloth/Bags
  • Canvas & Tarpaulin
  • Leno / Net & Scrim Cloth
  • Chemical Treated Fabric
  • Spirally Sewn Bags
  • Odourless Bags

Geo-Textile

  • Soil Savers
  • Webbing
  • Tape
  • Horticultural Sheets and Liners
  • Spirally Sewn Bags
  • Odourless Bags

Yarn

  • Fine Yarn
  • Blended Yarn
  • Carpet Weft Yarn
  • Dyed Yarn
  • Twines / Ropes

Non-woven

  • Felt / Cloth Pieces

Floor Covering & Home Furnishing

  • Woven Flat Bed Carpet
  • Matting
  • Rugs

Promotional Consumer Products

  • Shopping Bags
  • Utility Bags and Made Ups

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