Examining the company’s financial data, Globe International Carriers reports a five-year sales growth rate of 14.3% and an EBIT growth rate of 22.45%, indicating a steady expansion in revenue and operating profitability over the medium term. The average EBIT to interest coverage ratio stands at 2.46, suggesting the company’s earnings before interest and tax are more than double its interest obligations on average, a critical factor in assessing financial stability.
Debt metrics reveal an average debt to EBITDA ratio of 4.43 and a net debt to equity ratio of 0.74. These figures indicate a moderate leverage position relative to earnings and shareholder equity, which is an important consideration for risk assessment in the transport services industry. The sales to capital employed ratio averages 2.23, reflecting the efficiency with which the company utilises its capital base to generate sales.
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From a profitability standpoint, the average ROCE is recorded at 9.08%, while the average ROE is 7.46%. These returns provide a measure of how effectively the company is generating profits from its capital and equity base respectively. The tax ratio is noted at 26.39%, consistent with prevailing corporate tax rates, and the company maintains a zero pledged shares position, which may be viewed favourably in terms of shareholder security.
In comparison with its peers in the transport services sector, Globe International Carriers now holds an average quality grade, alongside companies such as Ritco Logistics and Ganesh Benzoplast. This contrasts with several competitors rated below average, including Western Carriers and Allcargo Gati, while Tiger Logistics and Prime Fresh are noted for higher quality evaluations.
Market performance data shows Globe International Carriers trading at ₹42.05, slightly below its previous close of ₹42.50. The stock’s 52-week price range spans from ₹13.00 to ₹48.90, indicating significant price movement over the past year. Daily trading has seen a high of ₹42.70 and a low of ₹41.20, with a day change of -1.06%.
Looking at returns relative to the Sensex benchmark, Globe International Carriers has delivered substantial gains over multiple time horizons. Year-to-date returns stand at 71.98% compared to the Sensex’s 9.58%, while the one-year return is 190.5% against the Sensex’s 10.47%. Over three and five years, the stock has recorded returns of 271.71% and 1820.09% respectively, significantly outpacing the Sensex’s 41.53% and 100.26% returns. This performance underscores the stock’s strong momentum within the transport services sector.
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Overall, the revision in Globe International Carriers’ quality parameter reflects a nuanced adjustment in its business fundamentals. The company’s financial metrics suggest a balanced profile with moderate leverage, consistent growth, and returns that align with sector averages. Investors analysing this transport services stock should consider these factors alongside market conditions and peer comparisons to form a comprehensive view of its investment potential.
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