Gokak Textiles Ltd
Incorporated in 2007, Gokak Textiles Limited is engaged in manufacturing of yarns, fabrics, etc. and generation of hydro power
- Market Cap ₹ 114 Cr.
- Current Price ₹ 175
- High / Low ₹ 276 / 88.4
- Stock P/E
- Book Value ₹ -44.5
- Dividend Yield 0.00 %
- ROCE -1.31 %
- ROE %
- Face Value ₹ 10.0
Pros
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.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 6m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 358 | 348 | 330 | 102 | 83 | 177 | 179 | 103 | 111 | 126 | 116 | 131 | 111 | |
| 328 | 336 | 336 | 114 | 101 | 188 | 190 | 128 | 123 | 134 | 101 | 116 | 92 | |
| Operating Profit | 30 | 12 | -6 | -13 | -18 | -11 | -11 | -25 | -12 | -8 | 15 | 15 | 19 |
| OPM % | 8% | 4% | -2% | -13% | -21% | -6% | -6% | -24% | -11% | -6% | 13% | 11% | 17% |
| 2 | 2 | 3 | 4 | 13 | 3 | 8 | 5 | 2 | 4 | 6 | 12 | 5 | |
| Interest | 32 | 34 | 32 | 15 | 26 | 23 | 22 | 20 | 21 | 22 | 30 | 26 | 26 |
| Depreciation | 12 | 12 | 9 | 4 | 8 | 8 | 7 | 7 | 7 | 6 | 21 | 21 | 20 |
| Profit before tax | -12 | -31 | -45 | -28 | -39 | -37 | -33 | -48 | -38 | -31 | -30 | -19 | -23 |
| Tax % | 14% | -7% | -3% | -7% | -20% | 25% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -13 | -29 | -43 | -26 | -31 | -47 | -33 | -48 | -38 | -31 | -30 | -19 | -23 | |
| EPS in Rs | -9.86 | -39.70 | -59.62 | -37.82 | -46.87 | -58.38 | -47.02 | -68.52 | -52.48 | -44.37 | -46.93 | -23.48 | -32.31 |
| 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: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 11% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 70% |
| 3 Years: | 73% |
| 1 Year: | 39% |
| 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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | -24 | -50 | -90 | -78 | -50 | -181 | -211 | -256 | -290 | -319 | -73 | -23 | -35 |
| 221 | 236 | 254 | 230 | 194 | 321 | 327 | 364 | 379 | 404 | 323 | 268 | 303 | |
| 87 | 107 | 84 | 68 | 53 | 36 | 43 | 40 | 42 | 27 | 75 | 65 | 24 | |
| Total Liabilities | 290 | 300 | 254 | 226 | 203 | 182 | 166 | 155 | 138 | 120 | 331 | 317 | 299 |
| 148 | 137 | 128 | 122 | 114 | 107 | 100 | 93 | 86 | 79 | 282 | 256 | 246 | |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 143 | 161 | 126 | 103 | 89 | 75 | 66 | 61 | 52 | 41 | 49 | 60 | 51 | |
| Total Assets | 290 | 300 | 254 | 226 | 203 | 182 | 166 | 155 | 138 | 120 | 331 | 317 | 299 |
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 | -13 | 13 | |
| -6 | -1 | 0 | 8 | 2 | 2 | 0 | 3 | 3 | 2 | 8 | 7 | |
| -35 | -19 | -15 | -4 | -6 | 5 | -4 | 16 | -5 | 4 | -10 | -16 | |
| Net Cash Flow | -5 | -0 | 20 | -13 | -6 | 0 | -1 | 3 | 0 | -1 | -15 | 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 | 25 | 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 | 135 | 97 |
| Cash Conversion Cycle | 82 | 64 | 10 | 107 | 103 | 54 | 9 | -7 | -43 | -1 | -2 | 9 |
| Working Capital Days | 29 | 13 | -32 | -82 | -138 | -47 | -11 | -40 | -29 | -15 | -151 | -129 |
| ROCE % | 9% | 1% | -6% | -9% | -9% | -10% | -8% | -27% | -19% | -14% | -2% | -1% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
11h - Fine imposed for delayed compliance of Woman Director.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper publication - financial results for the quarter and half year ended September 30, 2024.
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Comments Of The Board On Fine Levied By BSE Ltd.
15 Nov - Board comments on fine for non-compliance with director vacancy.
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Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Dated November 14, 2024
14 Nov - Board approved unaudited financial results for Q2 FY2024.
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Financials Results For The Quarter And Half Year Ended September 30, 2024
14 Nov - Board approved unaudited financial results for Q2 FY2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.