Gokak Textiles Ltd

Gokak Textiles Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gokak Textiles Ltd

₹ 178 -1.92%
26 Jul - close price
gokakmills.com BSE: 532957
About

Incorporated in 2007, Gokak Textiles Limited is engaged in manufacturing of yarns, fabrics, etc. and generation of hydro power

Key Points

Overview[1]
GTL was incorporated in 2007, after a scheme of demerger the textile arm of Forbes Gokak Limited (FGL) into a separate company. GTL has two units—a spinning mill at Gokak Falls (Karnataka) and a garment-manufacturing unit in Belgaum district of Karnataka. The spinning mill has a capacity of 69,792 spindles and other value-added yarns apart from small volumes of readymade items such as cotton canvas and terry towels. The Belgaum unit specializes in readymade knitted garments including combed polo and T-shirts for the export markets.

Power Generation Business[1]
In 2012, the company hived off its power-generation business under a subsidiary named Gokak Power & Energy Limited (GPEL). While GTL holds a 51% stake in GPEL, the remaining 49% is held by Shapoorji Pallonji Infrastructure Capital Company Private Limited. The power generated by GPEL is primarily used by GTL for its spinning unit.

Website BSE
  • Market Cap ₹ 116 Cr.
  • Current Price ₹ 178
  • High / Low ₹ 250 / 29.9
  • Stock P/E
  • Book Value ₹ -36.1
  • Dividend Yield 0.00 %
  • ROCE -2.23 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.08% over past five years.
  • Contingent liabilities of Rs.102 Cr.
  • Earnings include an other income of Rs.12.3 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
33.62 29.22 32.26 30.88 33.47 21.83 21.27 19.40 30.34 28.48 31.87 31.73 24.27
37.45 33.03 34.98 32.45 33.22 25.09 22.59 24.02 25.98 33.76 35.42 25.43 22.79
Operating Profit -3.83 -3.81 -2.72 -1.57 0.25 -3.26 -1.32 -4.62 4.36 -5.28 -3.55 6.30 1.48
OPM % -11.39% -13.04% -8.43% -5.08% 0.75% -14.93% -6.21% -23.81% 14.37% -18.54% -11.14% 19.86% 6.10%
0.90 1.41 1.97 1.37 -0.41 2.49 1.11 1.20 0.96 0.42 9.82 0.56 1.55
Interest 5.13 5.38 5.37 5.64 5.12 5.50 4.51 4.90 2.88 2.76 2.55 7.48 3.72
Depreciation 1.74 1.73 1.65 1.56 1.51 1.50 1.51 1.49 5.27 1.45 1.46 5.22 5.15
Profit before tax -9.80 -9.51 -7.77 -7.40 -6.79 -7.77 -6.23 -9.81 -2.83 -9.07 2.26 -5.84 -5.84
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-9.79 -9.50 -7.78 -7.40 -6.79 -7.78 -6.22 -9.82 -2.83 -9.07 2.26 -5.84 -5.85
EPS in Rs -12.66 -13.05 -11.02 -10.48 -9.82 -12.85 -7.22 -16.09 -6.12 -12.51 4.06 -8.17 -15.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
358 348 330 102 83 177 179 103 111 126 84 131
328 336 336 114 101 188 190 128 123 134 99 116
Operating Profit 30 12 -6 -13 -18 -11 -11 -25 -12 -8 -14 15
OPM % 8% 4% -2% -13% -21% -6% -6% -24% -11% -6% -17% 11%
2 2 3 4 13 3 8 5 2 4 37 12
Interest 32 34 32 15 26 23 22 20 21 22 10 26
Depreciation 12 12 9 4 8 8 7 7 7 6 6 21
Profit before tax -12 -31 -45 -28 -39 -37 -33 -48 -38 -31 6 -19
Tax % 14% -7% -3% -7% -20% 25% 0% 0% 0% 0% 0% 0%
-13 -29 -43 -26 -31 -47 -33 -48 -38 -31 6 -19
EPS in Rs -9.86 -39.70 -59.62 -37.82 -46.87 -58.38 -47.02 -68.52 -52.48 -44.37 8.35 -33.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -10%
5 Years: -6%
3 Years: 6%
TTM: 56%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 5%
TTM: -22%
Stock Price CAGR
10 Years: 12%
5 Years: 67%
3 Years: 86%
1 Year: 445%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves -24 -50 -90 -78 -50 -181 -211 -256 -290 -319 -202 -30
221 236 254 230 194 321 327 364 379 404 269 268
87 107 84 68 53 36 43 40 42 27 30 72
Total Liabilities 290 300 254 226 203 182 166 155 138 120 103 317
148 137 128 122 114 107 100 93 86 79 73 256
CWIP 0 1 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
143 161 126 103 89 75 66 61 52 41 29 60
Total Assets 290 300 254 226 203 182 166 155 138 120 103 317

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
35 20 35 -16 -3 -7 3 -16 2 -7 -4 13
-6 -1 0 8 2 2 0 3 3 2 8 7
-35 -19 -15 -4 -6 5 -4 16 -5 4 -4 -16
Net Cash Flow -5 -0 20 -13 -6 0 -1 3 0 -1 -1 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 19 14 43 33 27 23 35 31 12 9 33
Inventory Days 134 167 73 217 221 85 74 108 100 74 109 73
Days Payable 76 122 77 153 151 58 88 151 174 87 126 97
Cash Conversion Cycle 82 64 10 107 103 54 9 -7 -43 -1 -8 9
Working Capital Days 29 13 -32 -82 -138 -47 -11 -40 -29 -15 -35 -129
ROCE % 9% 1% -6% -9% -9% -10% -8% -27% -19% -14% -25% -2%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56%
3.09% 3.09% 3.09% 3.09% 3.09% 3.09% 3.09% 3.09% 3.09% 3.09% 3.09% 3.09%
4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.69% 4.69%
0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%
17.80% 17.80% 17.80% 17.80% 17.81% 17.80% 17.81% 17.80% 17.80% 17.81% 17.82% 17.81%
No. of Shareholders 8,4898,4548,4148,3998,3468,3248,3048,2898,5488,9428,7148,901

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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