Globe Textiles Share Price Target for 2024, 2025, 2026, 2027, 2028

Globe Textiles is a leading textile company based in Ahmedabad, India. They have been in the business for over two decades and are known for their high-quality fabrics and garments. Here’s a summary of what they do:

  • Products: Globe Textiles manufactures a wide range of textile products, including fabrics, yarns, home textiles, shirting fabrics, denim and non-denim fabrics, jeans, printed fabrics, bedsheets, comforters, fitted sheets, flat sheets, curtains, table linens, fancy cushions, and personal protective equipment (PPE) suits. They also manufacture face masks from denim and printed fabric.

  • Brands: Their jeans brands for men and women include AFFORD, INDIGIRL, and INDIGEN.

  • Manufacturing: They have a state-of-the-art manufacturing facility in Ahmedabad with a production capacity of 3.5 lakh sq. feet. They produce around 2 million bed sets, 36 million meters of fabric, and 2.5 million bottoms per year.

  • Markets: Globe Textiles exports its products to both the domestic and international markets. They are a major supplier to garment manufacturers around the world.

  • Financial performance: The company is publicly traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. Their stock price has been volatile in recent years, but they have generally been profitable.

  • Sustainability: Globe Textiles is committed to sustainable practices. They use recycled materials in some of their products and have implemented energy-saving measures in their manufacturing facilities.

Globe Textiles Overview

Category Details
Products Fabrics, yarns, home textiles, shirting fabrics, denim and non-denim fabrics, jeans, printed fabrics, bedsheets, comforters, fitted sheets, flat sheets, curtains, table linens, fancy cushions, PPE suits, face masks
Manufacturing facility Ahmedabad, 3.5 lakh sq. feet, 2 million bed sets/year, 36 million meters of fabric/year, 2.5 million bottoms/year
Markets Domestic and international, supplier to garment manufacturers
Financial performance Publicly traded on BSE and NSE, volatile stock price, generally profitable
Sustainability Recycled materials, energy-saving measures

Globe Textiles Products

Product Category
Fabrics and yarns
Home textiles
Shirting fabrics
Denim and non-denim fabrics
Printed fabrics
Bedsheets and comforters
Fitted and flat sheets
Curtains and table linens
Fancy cushions
PPE suits and face masks

Globe Textiles Share Price Target-

Globe Textiles Fundamentals

Metric Value
Market Capitalization INR 59.70 Crore
Revenue INR 420 Crore
EPS INR 0.30
P/E Ratio 14.44
P/B Ratio 1.08
Dividend Yield 0.00%
Debt/Equity Ratio 1.94
Book Value INR 27
Face Value INR 10
ROE 8.65%
Debt INR 53.64 Crore

Globe Textiles Revenue and Net Profit

Year Revenue (INR Crore) Net Profit (INR Crore)
2023 420 5.07
2022 383.42 6.53
2021 259.09 1.35
2020 265.17 5.78
2019 257.38 5.62

Globe Textiles Shareholding Patterns

Shareholder Group Percentage Holding Notable Changes (Compared to previous quarter)
Promoters 40.91% No change
Foreign Institutional Investors (FIIs) 14.82% +1.54%
Domestic Institutional Investors (DIIs) 10.77% -0.64%
Mutual Funds 7.42% +0.25%
Public & Others 26.08% -0.71%

Globe Textiles Share Price Target for 2024, 2025, 2026, 2027, 2028

Year 1st Target (INR) 2nd Target (INR)
2024 12 17
2025 20 24
2026 30 36
2027 44 50
2028 56 64

Globe Textiles Share Price Target for 2024

Globe Textiles Share Price Target for 2024 is 12 to 17.

Globe Textiles Share Price Target for 2025

Globe Textiles Share Price Target for 2025 is 20 to 24.

Globe Textiles Share Price Target for 2026

Globe Textiles Share Price Target for 2026 is 30 to 36.

Globe Textiles Share Price Target for 2027

Globe Textiles Share Price Target for 2027 is 44 to 50.

Globe Textiles Share Price Target for 2028

Globe Textiles Share Price Target for 2028 is 56 to 64.

Globe Textiles Dividend History

Globe Textiles doesn’t give any dividends.

Read more:

Globe Textiles Share Split History

Date Split Ratio Old Face Value (INR) New Face Value (INR)
August 3, 2021 1:5 10 2

Future Outlook of Globe Textiles


  • Strong domestic market: India’s textile market is expected to reach $226 billion by 2027, offering growth opportunities for Globe Textiles.
  • Diversified product portfolio: Globe Textiles caters to various segments like home textiles, denim, and PPE, mitigating reliance on specific trends.
  • Improved manufacturing facility: Investment in a modern facility enhances production capacity and efficiency.
  • Sustainability focus: Growing consumer preference for sustainable textiles could benefit Globe Textiles’ initiatives in recycled materials and energy-saving measures.

Risks Associated With Investing in Globe Textiles

Category Risk Description Impact
Financial Performance Volatile profitability Fluctuations in net income and EPS Uncertain returns, potential losses
Debt level Moderate but present debt-to-equity ratio Financial strain, reduced flexibility
Dividend history No dividends declared since 2000 Limited income potential
Industry & Competition Global economic slowdown Reduced demand for textiles, export decline Lower sales, decreased revenue
Intense competition Domestic and international players Market share loss, price pressure
Raw material volatility Fluctuations in cotton and other prices Cost increases, reduced profitability
Company Specific Dependence on cotton Vulnerability to crop failures or price changes Lower production, potentially higher costs
Limited geographic diversification Reliance on Indian market Vulnerable to domestic economic fluctuations
Sustainability Limited information on environmental impact Potential regulatory risks, negative brand image
Overall Investment in a single company Higher concentration risk compared to diversified investment Greater susceptibility to company-specific issues

Globe Textiles Competitors

Competitor Location Focus Market Share Strengths Weaknesses
Grasim Industries Ltd. India Diversified textiles player, viscose staple fiber, yarns, fabrics, garments 20%+ Strong brand recognition, vertical integration, diversified product portfolio High debt, exposure to cyclical markets
Trident Ltd. India Home textiles, bed sheets, towels, terry towels 12%+ Strong brand presence in home textiles, efficient manufacturing, focus on innovation Limited product diversification, reliance on domestic market
Welspun Living Ltd. India Home textiles, bed sheets, towels, bathmats 10%+ Strong brand presence in home textiles, global reach, focus on sustainability High dependence on wholesale channels, lower profit margins
Raymond Ltd. India Fabrics, menswear, apparel brands 8%+ Strong brand legacy, retail network, garment expertise High operating costs, limited presence in home textiles
Vardhman Textiles Ltd. India Yarns, fabrics, knitted garments 5%+ Focus on exports, vertically integrated, strong technical expertise Limited brand presence in consumer market, reliance on cotton
TCNS Clothing Co. Ltd. India Women’s apparel brands, ethnic wear 4%+ Strong brand portfolio, focus on fashion trends, omnichannel presence High competition in womenswear segment, reliance on seasonal demand
Cantabil Retail India Ltd. India Men’s and women’s apparel brands, formal wear 3%+ Focus on premium segment, brand recognition, retail network Limited product diversification, high fixed costs

Globe Textiles Share Price FAQs

Q: What is the future outlook for the Globe Textiles share price?

A: Predicting future stock prices is always uncertain. However, factors like a strong domestic market, a diversified product portfolio, and a focus on sustainability could offer potential for growth. On the other hand, global economic slowdowns, competition, and raw material volatility could pose challenges.

Q: Is Globe Textiles a good investment?

A: Whether Globe Textiles is a good investment depends on your individual risk tolerance and investment goals. Carefully consider the risks and potential rewards, conduct thorough research, and consult with a financial advisor before making any investment decisions.

Q: Where can I find more information about Globe Textiles’ share price?

A: You can find information about Globe Textiles’ share price on financial websites like Moneycontrol, NSE Bhasha, and Yahoo Finance. These websites also provide historical data, graphs, analyst recommendations, and other useful information.

Q: Are there any risks associated with investing in Globe Textiles?

A: Yes, there are several risks associated with investing in Globe Textiles, as mentioned above. These include financial performance volatility, dependence on volatile markets, competitive pressure, and limited diversification.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top