Globe Enterprise

Why is Globe Enterprises (India) Ltd falling/rising?

As of 26-Jun, Globe Enterprises (India) Ltd's stock price has risen slightly to 2.23, but it has experienced significant declines over longer periods, including a 22.57% drop year-to-date. Despite a daily performance that outpaces its sector, concerns about high debt levels and low management efficiency suggest a cautious outlook.

As of 26-Jun, Globe Enterprises (India) Ltd is experiencing a slight rise in its stock price, currently at 2.23, with a change of 0.02 (0.9%) upward. Despite this daily increase, the stock has shown a significant decline over longer periods, including a year-to-date drop of 22.57% and a 3-year decline of 35.36%. <BR><BR>The stock's performance today has outperformed its sector by 2.2%, and there has been a notable increase in investor participation, with delivery volume rising by 76.83% compared to the 5-day average. However, it is important to note that Globe Enterprises is trading below its moving averages across multiple time frames, indicating a longer-term downward trend.<BR><BR>While the company has demonstrated healthy long-term growth with an annual operating profit increase of 57.45% and a profit rise of 19.5% over the past year, these positive factors are overshadowed by concerns regarding management efficiency and debt levels. The company has a low Return on Capital Employed (ROCE) of 7.42% and a high Debt to EBITDA ratio of 5.88 times, which suggests challenges in servicing its debt and overall profitability.<BR><BR>In summary, while there is a minor uptick in the stock price on this particular day, the broader context of consistent underperformance against benchmarks, high debt levels, and low management efficiency contributes to a cautious outlook for Globe Enterprises (India) Ltd.

Which are the latest news on Globe Enterprise?

What does Globe Enterprise do?

Globe Enterprises (India) Ltd operates in the Garments & Apparels industry as a Micro Cap company, reporting net sales of ₹178 Cr and a net profit of ₹1 Cr for March 2026. The company, originally founded in 1995, has a market cap of ₹105 Cr and key metrics include a P/E ratio of 11.00 and a debt-equity ratio of 1.07.

Overview:<BR>Globe Enterprises (India) Ltd operates in the Garments & Apparels industry and is classified as a Micro Cap company.<BR><BR>History:<BR>The company was originally incorporated in 1995 as "Swaroop Financial Services Private Limited" and underwent several name changes, ultimately becoming "Globe Textiles (India) Private Limited." The latest quarterly results reported net sales and net profit for March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 178 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 105 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 11.00<BR>- Industry P/E: 23<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 1.07<BR>- Return on Equity: 6.02%<BR>- Price to Book: 0.68<BR><BR>Contact Details:<BR>Address: Plot No 38-41 Ahmedabad Appare, GIDC Khokhra Ahmedabad Gujarat : 380008<BR>Tel: 91-79-22931881/82/83/84/85<BR>Email: info@globtextiles.net<BR>Website: http://www.globetextiles.net

How big is Globe Enterprise?

As of 10th June, Globe Enterprises (India) Ltd has a market capitalization of 105.00 Cr, with net sales of 642.40 Cr and a net profit of 9.15 Cr reported in the latest four quarters.

As of 10th June, Globe Enterprises (India) Ltd has a market capitalization of 105.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Globe Enterprises reported net sales of 642.40 Cr and a net profit of 9.15 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing shareholder's funds of 145.90 Cr and total assets of 385.24 Cr.

Who are in the management team of Globe Enterprise?

The management team of Globe Enterprise includes Bhavik Suryakant Parikh (Chairman & Managing Director), Nilaybhai Jagdishbhai Vora (Whole-time Director), Purvi Bhavin Parikh (Director), and several Independent Directors: Yogesh Kanhiyalal Vaidya, Bharatbhai Samjibhai Patel, and Rajatkumar Dineshbhai Patel, along with Faruk H Diwan (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

The management team of Globe Enterprise includes the following individuals:<BR><BR>1. **Bhavik Suryakant Parikh** - Chairman & Managing Director<BR>2. **Nilaybhai Jagdishbhai Vora** - Whole-time Director<BR>3. **Purvi Bhavin Parikh** - Director<BR>4. **Yogesh Kanhiyalal Vaidya** - Independent Director<BR>5. **Bharatbhai Samjibhai Patel** - Independent Director<BR>6. **Faruk H Diwan** - Company Secretary & Compliance Officer<BR>7. **Rajatkumar Dineshbhai Patel** - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Globe Enterprise?

Globe Enterprise's peers include Lovable Lingerie, SEL Mfg. Co, Addi Industries, Rachit Prints, Loyal Textile, Vippy Spinpro, Surat Trade, APM Industries, and Gravity (India). Rachit Prints shows the highest 1-year return at 0.00%, while Globe Enterprise has a return of -6.17%.

Peers: The peers of Globe Enterprise are Lovable Lingerie, SEL Mfg. Co, Addi Industries, Rachit Prints, Loyal Textile, Vippy Spinpro, Surat Trade, APM Industries, and Gravity (India).<BR><BR>Quality Snapshot: Excellent management risk is observed at Rachit Prints, while Good management risk is found at Vippy Spinpro, and the rest have Below Average management risk. Good growth is noted at Globe Enterprise and Rachit Prints, while Average growth is seen at Addi Industries and Surat Trade, and the rest have Below Average growth. Excellent capital structure is present at Vippy Spinpro, while Good capital structure is noted at APM Industries, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Rachit Prints at 0.00%, while Lovable Lingerie has the lowest at -32.24%. Globe Enterprise's 1-year return is -6.17%, which is better than Lovable Lingerie but worse than Rachit Prints. Additionally, Lovable Lingerie, Loyal Textile, and Gravity (India) have negative six-month returns.

Should I buy, sell or hold Globe Enterprises (India) Ltd?

Are Globe Enterprises (India) Ltd latest results good or bad?

Globe Enterprises (India) Ltd's latest results show strong revenue growth of 36.98% year-on-year, reaching ₹178.10 crores, but a significant decline in net profit by 37.13% and a low operating margin of 3.18% indicate serious profitability challenges, making the overall outlook more negative than positive.

Globe Enterprises (India) Ltd's latest results present a mixed picture. On one hand, the company achieved its highest-ever quarterly revenue of ₹178.10 crores for Q4 FY26, reflecting a significant year-on-year growth of 36.98%. This indicates strong demand for its products and successful market penetration.<BR><BR>However, the profitability metrics are concerning. The net profit for the quarter was ₹1.27 crores, which represents a sharp decline of 37.13% compared to the previous quarter. Additionally, the operating margin fell to 3.18%, marking the lowest level in seven quarters and indicating severe profitability pressures. The return on equity (ROE) is also below average at 5.56%, suggesting challenges in generating adequate returns for shareholders.<BR><BR>Overall, while the revenue growth is impressive, the substantial drop in net profit and operating margin raises questions about the sustainability of this growth and the company's operational efficiency. Therefore, the latest results can be viewed as more negative than positive, highlighting significant operational challenges despite strong top-line performance.

How has been the historical performance of Globe Textiles?

Globe Textiles showed growth in net sales and profits for the fiscal years ending March 2024 and March 2025, with net sales rising to 554.00 Cr and profit after tax increasing to 9.50 Cr. However, EPS decreased to 0.21, and cash flow from operating activities turned negative at -17.00 Cr.

Answer:<BR>The historical performance of Globe Textiles shows growth in net sales and profit over the fiscal years ending March 2024 and March 2025.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Globe Textiles reported net sales of 554.00 Cr, an increase from 458.90 Cr in March 2024. Total operating income also rose to 554.00 Cr from 458.90 Cr, while total expenditure increased to 528.83 Cr from 442.36 Cr. The operating profit (PBDIT) excluding other income improved to 25.17 Cr from 16.54 Cr, leading to an overall operating profit of 32.91 Cr, up from 27.69 Cr. Profit before tax increased to 13.12 Cr from 12.44 Cr, resulting in a profit after tax of 9.50 Cr compared to 8.86 Cr the previous year. However, earnings per share (EPS) decreased to 0.21 from 0.26. On the balance sheet, total liabilities grew to 385.24 Cr from 313.51 Cr, while total assets also increased to 385.24 Cr from 313.51 Cr. The cash flow from operating activities turned negative at -17.00 Cr, contrasting with a positive 11.00 Cr in the previous year, while cash flow from financing activities significantly improved to 54.00 Cr from -10.00 Cr. Overall, the company demonstrated growth in sales and profits, despite challenges in cash flow and a decrease in EPS.

Who are the top shareholders of the Globe Textiles?

The top shareholder of Globe Textiles is Bhavin Suryakant Parikh, with a 13.08% stake, while individual investors hold 58.37% of the shares. The highest public shareholder is Jaideep Sampat at 1.89%, and there are no institutional investors or mutual funds involved.

The top shareholders of Globe Textiles include Bhavin Suryakant Parikh, who holds the highest stake at 13.08%. The majority of the shares are held by individual investors, accounting for 58.37% of the total. The highest public shareholder is Jaideep Sampat, with a holding of 1.89%. There are no institutional investors or mutual funds currently holding shares in the company.

Is Globe Textiles overvalued or undervalued?

As of May 22, 2025, Globe Textiles is considered very attractive and undervalued, with a PE Ratio of 18.70, an EV to EBITDA of 10.54, and a Price to Book Value of 0.73, significantly lower than its peers, and a remarkable long-term return of 2538.89%.

As of 22 May 2025, the valuation grade for Globe Textiles has moved from attractive to very attractive, indicating a significant positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE Ratio of 18.70, an EV to EBITDA of 10.54, and a Price to Book Value of 0.73, which suggest that the stock is trading at a discount relative to its earnings and book value.<BR><BR>In comparison to its peers, Globe Textiles stands out with a lower PE Ratio than K P R Mill Ltd, which is very expensive at 47.51, and Trident, which is fairly valued at 42.6. Additionally, the PEG Ratio for Globe Textiles is notably low at 0.00, indicating potential for growth relative to its price. While Globe Textiles has underperformed the Sensex in the short term, its long-term performance over five years shows a remarkable return of 2538.89%, reinforcing its attractiveness as a potential investment.

What is the technical trend for Globe Textiles?

As of June 2, 2025, Globe Textiles shows a mildly bearish trend with mixed signals from various indicators, including a mildly bullish weekly MACD but a bearish monthly MACD, alongside bearish daily moving averages and significant underperformance compared to the Sensex.

As of 2 June 2025, the technical trend for Globe Textiles has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The Bollinger Bands and KST both show a mildly bearish trend on both weekly and monthly time frames. The daily moving averages are bearish, which adds to the overall cautious outlook. The Dow Theory reflects a mildly bullish trend on the weekly chart but is bearish on the monthly. The stock has underperformed significantly year-to-date and over the past year compared to the Sensex, further indicating weakness. Overall, the current stance is mildly bearish with mixed signals across different indicators.

When is the next results date for Globe Textiles?

No Upcoming Board Meetings

What is the bonus history of the Globe Textiles?

Globe Textiles announced a 2:1 bonus issue on August 3, 2021, with a record date of August 4, 2021, allowing shareholders to double their holdings.

Globe Textiles has a bonus history that includes a notable 2:1 bonus issue announced on August 3, 2021. The record date for this bonus was August 4, 2021. This means that for every share held, shareholders received an additional share, effectively doubling their holdings. If you have any more questions about Globe Textiles or its financial activities, feel free to ask!

Has Globe Textiles declared dividend?

No Dividend History Available