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:
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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.
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Brands: Their jeans brands for men and women include AFFORD, INDIGIRL, and INDIGEN.
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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.
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Markets: Globe Textiles exports its products to both the domestic and international markets. They are a major supplier to garment manufacturers around the world.
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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.
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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 |
| Brands (jeans) | AFFORD, INDIGIRL, INDIGEN |
| 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 |
| Jeans |
| Printed fabrics |
| Bedsheets and comforters |
| Fitted and flat sheets |
| Curtains and table linens |
| Fancy cushions |
| PPE suits and face masks |
Globe Textiles Fundamentals
| Metric | Value |
|---|---|
| Market Capitalization | INR 59.70 Crore |
| Revenue | INR 420 Crore |
| EBITDA | INR 60 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.
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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
Positives:
- 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.
