Past 10 year's financial track record analysis by Moneyworks4me indicates that Gloster Ltd is a average quality company.
The key valuation ratios of Gloster Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gloster Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.1% | 16% | 12% | 7.3% | 7.3% | 3.2% | 6.8% | 10.8% | 7.4% | 5.4% | - |
| Value Creation Index ⓘ | 0.0 | 0.2 | -0.1 | -0.5 | -0.5 | -0.8 | -0.5 | -0.2 | -0.5 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1.7 | 1.6 | 504 | 463 | 501 | 495 | 493 | 734 | 710 | 647 | 593 |
| Sales YoY Gr. | - | -3% | 30,994.4% | -8.1% | 8.3% | -1.3% | -0.4% | 48.8% | -3.2% | -9% | - |
| Adj EPS ⓘ | 3.9 | 3.5 | 67.3 | 96.5 | 37.5 | 26.4 | 31.5 | 53 | 53.9 | 38.4 | 34.3 |
| YoY Gr. | - | -10.4% | 1844.5% | 43.5% | -61.2% | -29.6% | 19.4% | 68.1% | 1.7% | -28.8% | - |
| BVPS (₹) ⓘ | 31 | 35.4 | 186 | 307.1 | 858.5 | 847 | 907.2 | 983.1 | 997.6 | 1,044 | 1,046.7 |
| Adj Net Profit ⓘ | 1.5 | 1.4 | 26.9 | 38.6 | 41 | 28.9 | 34.5 | 58 | 59 | 42 | 38 |
| Cash Flow from Ops. ⓘ | -3.6 | 0.4 | 73.8 | 60.4 | 38.2 | 47.8 | 38.2 | 136 | 74.5 | 70.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0.5 | 0.3 | 0.7 | 0.6 | 0.6 | 0.1 | 0.4 | 0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 93.9% | 5.2% | 9.5% | -9% | ||||
| Adj EPS ⓘ | 29.1% | 0.5% | 6.8% | -28.8% | ||||
| BVPSⓘ | 47.8% | 4% | 4.8% | 4.7% | ||||
| Share Price | - | 16.4% | 8.3% | -15.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.3 | 10.4 | 6.2 | 4.4 | 4.4 | 3.1 | 3.6 | 5.6 | 5.4 | 3.8 | 3.3 |
| Op. Profit Mgn % ⓘ | 69.5 | 66.3 | 13.8 | 18.4 | 16.7 | 13.8 | 14.7 | 15 | 12.8 | 11.7 | 10.5 |
| Net Profit Mgn % ⓘ | 92.6 | 85.3 | 5.3 | 8.3 | 8.2 | 5.8 | 7 | 7.9 | 8.3 | 6.5 | 6.3 |
| Debt to Equity ⓘ | 0 | 0 | 0.5 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Working Cap Days ⓘ | 954 | 1,359 | 88 | 202 | 220 | 261 | 306 | 200 | 208 | 290 | 67 |
| Cash Conv. Cycle ⓘ | -20 | -19 | 35 | 78 | 81 | 94 | 112 | 81 | 86 | 98 | 30 |
No data to display
Return on Equity has declined versus last 3 years average to 3.30%
Sales growth has been subdued in last 3 years 9.45%
Sales growth is not so good in last 4 quarters at -10.64%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 34.3 | -1.8 |
| TTM Sales (₹ Cr.) | 593 | 601 |
| BVPS (₹.) ⓘ | 1,046.7 | 992.3 |
| Reserves (₹ Cr.) ⓘ | 1,134 | 1,075 |
| P/BV ⓘ | 0.66 | 0.70 |
| PE ⓘ | 20.12 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 628.10 / 998.70 |
| All Time Low / High (₹) | 153.00 / 1012.40 |
| Market Cap (₹ Cr.) | 755 |
| Equity (₹ Cr.) | 10.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 27.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 2 | 504 | 463 | 501 | 495 | 493 | 734 | 710 | 647 |
| Operating Expenses ⓘ | 1 | 1 | 434 | 380 | 418 | 428 | 421 | 624 | 620 | 571 |
| Manufacturing Costs | 0 | 0 | 57 | 59 | 63 | 66 | 56 | 71 | 81 | 102 |
| Material Costs | 0 | 0 | 264 | 212 | 245 | 246 | 252 | 409 | 391 | 327 |
| Employee Cost | 0 | 0 | 84 | 85 | 86 | 90 | 87 | 108 | 112 | 114 |
| Other Costs ⓘ | 0 | 0 | 29 | 24 | 23 | 26 | 26 | 36 | 36 | 29 |
| Operating Profit ⓘ | 1 | 1 | 70 | 84 | 84 | 67 | 72 | 110 | 90 | 76 |
| Operating Profit Margin (%) | 69.5% | 66.3% | 13.8% | 18.0% | 16.7% | 13.5% | 14.7% | 15.0% | 12.7% | 11.7% |
| Other Income ⓘ | 1 | 1 | 16 | 15 | 16 | 10 | 22 | 24 | 24 | 23 |
| Interest ⓘ | 0 | 0 | 3 | 1 | 1 | 3 | 2 | 2 | 2 | 3 |
| Depreciation ⓘ | 0 | 0 | 31 | 32 | 31 | 31 | 32 | 32 | 33 | 36 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -15 | 4 | 12 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 2 | 51 | 65 | 68 | 28 | 65 | 112 | 79 | 60 |
| Tax ⓘ | 0 | 0 | 17 | 24 | 23 | 9 | 20 | 39 | 18 | 16 |
| Profit After Tax | 2 | 2 | 34 | 41 | 44 | 19 | 45 | 73 | 61 | 44 |
| PAT Margin (%) | 92.6% | 108.5% | 6.8% | 8.9% | 8.8% | 3.9% | 9.0% | 9.9% | 8.6% | 6.8% |
| Adjusted EPS (₹) | 3.9 | 4.4 | 85.1 | 103.2 | 40.4 | 17.6 | 40.8 | 66.5 | 56.0 | 40.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 5% | 12% | 43% | 31% | 26% | 125% | 50% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 12 | 14 | 74 | 123 | 939 | 927 | 993 | 1,076 | 1,092 | 1,143 |
| Share Capital ⓘ | 0 | 2 | 2 | 2 | 5 | 5 | 5 | 5 | 11 | 11 |
| Reserves ⓘ | 12 | 12 | 72 | 121 | 934 | 921 | 987 | 1,070 | 1,081 | 1,132 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 35 | 17 | 24 | 27 | 23 | 10 | 28 | 64 |
| Long Term Debt | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 0 | 1 | 2 |
| Short Term Debt | 0 | 0 | 35 | 15 | 23 | 26 | 23 | 10 | 26 | 62 |
| Trade Payables | 0 | 0 | 4 | 8 | 7 | 10 | 11 | 10 | 8 | 17 |
| Others Liabilities ⓘ | 5 | 5 | 933 | 951 | 189 | 214 | 237 | 242 | 297 | 325 |
| Total Liabilities ⓘ | 18 | 19 | 1,048 | 1,098 | 1,160 | 1,178 | 1,264 | 1,338 | 1,425 | 1,548 |
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 716 | 723 | 734 | 750 | 763 | 797 | 813 | 845 |
| Accumulated Depreciation | 0 | 0 | 31 | 63 | 94 | 125 | 156 | 188 | 221 | 256 |
| Net Fixed Assetsⓘ | 0 | 0 | 684 | 660 | 641 | 625 | 608 | 609 | 592 | 589 |
| CWIP ⓘ | 0 | 0 | 2 | 5 | 6 | 12 | 14 | 1 | 6 | 8 |
| Investmentsⓘ | 11 | 13 | 120 | 153 | 181 | 136 | 180 | 363 | 373 | 377 |
| Inventories | 0 | 0 | 80 | 87 | 95 | 116 | 150 | 140 | 147 | 148 |
| Trade Receivables | 0 | 0 | 21 | 24 | 34 | 29 | 31 | 30 | 38 | 40 |
| Cash Equivalents | 0 | 0 | 2 | 7 | 5 | 27 | 15 | 10 | 2 | 1 |
| Others Assetsⓘ | 6 | 6 | 138 | 162 | 199 | 232 | 267 | 185 | 267 | 386 |
| Total Assets ⓘ | 18 | 19 | 1,048 | 1,098 | 1,160 | 1,178 | 1,264 | 1,338 | 1,425 | 1,548 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4 | 0 | 74 | 60 | 38 | 48 | 38 | 136 | 74 | 71 |
| PBT ⓘ | 2 | 2 | 51 | 65 | 68 | 28 | 65 | 112 | 79 | 60 |
| Adjustment ⓘ | -2 | -2 | 23 | 25 | 20 | 42 | 18 | 11 | 20 | 20 |
| Changes in Working Capital ⓘ | -3 | 0 | 22 | -11 | -31 | -16 | -37 | 37 | -20 | 11 |
| Tax Paid ⓘ | 0 | 0 | -23 | -18 | -18 | -7 | -8 | -24 | -5 | -21 |
| Cash Flow From Investing Activity ⓘ | 1 | 0 | -23 | -27 | -41 | -19 | -50 | -106 | -44 | -83 |
| Capex | 0 | 0 | -11 | -10 | -13 | -23 | -14 | -21 | -21 | -17 |
| Net Investments | 0 | -2 | -15 | -21 | -34 | 36 | 17 | 8 | 1 | 19 |
| Others ⓘ | 1 | 1 | 3 | 5 | 6 | -33 | -54 | -93 | -25 | -85 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | -53 | -29 | 0 | -6 | -14 | -29 | -31 | 12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -4 | 0 | 1 | 0 | -1 | -1 | 1 | 1 |
| Interest Paid ⓘ | 0 | 0 | -3 | -1 | -1 | -3 | -2 | -1 | -2 | -2 |
| Dividend Paid ⓘ | 0 | 0 | -2 | -6 | -7 | -7 | -8 | -14 | -46 | -22 |
| Others ⓘ | 0 | 0 | -43 | -21 | 7 | 4 | -3 | -13 | 16 | 35 |
| Net Cash Flow ⓘ | -2 | 0 | -2 | 4 | -2 | 22 | -27 | 1 | 0 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.28 | 13.27 | 76.87 | 41.86 | 8.31 | 2.07 | 4.65 | 7.04 | 5.65 | 3.95 |
| ROCE (%) | 14.08 | 16.03 | 12.03 | 7.29 | 7.31 | 3.23 | 6.75 | 10.77 | 7.39 | 5.4 |
| Asset Turnover Ratio | 0.1 | 0.09 | 0.95 | 0.43 | 0.44 | 0.42 | 0.4 | 0.56 | 0.51 | 0.43 |
| PAT to CFO Conversion(x) | -2 | 0 | 2.18 | 1.46 | 0.86 | 2.53 | 0.84 | 1.86 | 1.21 | 1.61 | Working Capital Days |
| Receivable Days | 0 | 0 | 15 | 18 | 21 | 23 | 22 | 15 | 17 | 22 |
| Inventory Days | 0 | 0 | 58 | 66 | 67 | 78 | 98 | 72 | 74 | 83 |
| Payable Days | 0 | 0 | 3 | 11 | 11 | 12 | 15 | 9 | 8 | 14 |
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 19.01.2018 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.
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. The company’s two manufacturing units are situated at Bauria, P.O. Fort Gloster, District Howrah in the State of West Bengal.
Products
Standard Products
Geo-Textile
Yarn
Non-woven
Floor Covering & Home Furnishing
Promotional Consumer Products
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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