Globe Enterprise

how big is Globe Textiles?

As of Jun 06, Globe Textiles (India) Ltd has a market capitalization of 112.15 Cr, classifying it as a Micro Cap company, with recent net sales of 553.99 Cr and a net profit of 8.62 Cr over the last four quarters.

Market Cap: As of Jun 06, Globe Textiles (India) Ltd has a market capitalization of 112.15 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, Globe Textiles reported a sum of Net Sales amounting to 553.99 Cr and a sum of Net Profit totaling 8.62 Cr. This data is consolidated.<BR><BR>Balance Sheet Snapshot: The balance sheet data is standalone and pertains to the reporting period of Mar'24. Shareholder's Funds are recorded at 103.85 Cr, while Total Assets amount to 247.25 Cr.

What does Globe Textiles do?

Globe Textiles (India) Ltd is a Micro Cap company in the Garments & Apparels industry, originally incorporated in 1995. As of March 2025, it reported net sales of 130 Cr and a net profit of 0 Cr, with a market cap of Rs 112 Cr.

Overview:<BR>Globe Textiles (India) Ltd operates in the Garments & Apparels industry and is categorized 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, with the latest being "Globe Textiles (India) Private Limited." The most recent quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 130 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 112 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 19.00<BR>- Industry P/E: 23<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.89<BR>- Return on Equity: 3.90%<BR>- Price to Book: 0.73<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

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

Who are the peers of the Globe Textiles?

Peers of Globe Textiles include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Jattashankar Ind, Vippy Spinpro, Deepak Spinners, Addi Industries, and Ken Enter. Globe Textiles has a 1-year return of 0.00%, while Jattashankar Ind leads with 1155.00% and Vedant Fashions lags at -24.65%.

Peers: The peers of Globe Textiles are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Jattashankar Ind, Vippy Spinpro, Deepak Spinners, Addi Industries, and Ken Enter.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Deepak Spinners. Average management risk is noted at Vippy Spinpro and Trident, while Below Average management risk is seen at Jattashankar Ind and Ken Enter. Growth is Excellent at K P R Mill Ltd, while Good growth is found at Globe Textiles and Jattashankar Ind. Below Average growth is observed at Page Industries, Vedant Fashions, Trident, and Deepak Spinners, while Average growth is noted at Vippy Spinpro. Capital Structure is Excellent at K P R Mill Ltd, Page Industries, and Vedant Fashions, while Good capital structure is found at Trent, Trident, Jattashankar Ind, Vippy Spinpro, and Deepak Spinners. Below Average capital structure is seen at Globe Textiles and Ken Enter, while Addi Industries does not qualify.<BR><BR>Return Snapshot: Jattashankar Ind has the highest 1-year return at 1155.00%, while Vedant Fashions has the lowest at -24.65%, with Globe Textiles having a 1-year return of 0.00%, which is lower than both. Additionally, the six-month returns for Vedant Fashions, Trident, Deepak Spinners, and Ken Enter are negative.

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.

Who are in the management team of Globe Textiles?

As of March 2022, the management team of Globe Textiles includes Bhavik Suryakant Parikh (Chairman & Managing Director), Nilaybhai Jagdishbhai Vora (Whole-time Director), Purvi Bhavin Parikh (Director), and several independent directors, along with the Company Secretary, Faruk H Diwan. They oversee the company's operations and strategic direction.

As of March 2022, the management team of Globe Textiles 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 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.

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.

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

Globe Enterprises (India) Ltd's latest Q3 FY26 results show strong revenue growth with net sales at ₹159.46 crore, but a concerning 54.71% drop in net profit to ₹2.02 crore due to a high tax burden. Overall, while revenue is positive, the significant decline in profitability raises caution for investors.

Globe Enterprises (India) Ltd's latest results for Q3 FY26 present a mixed picture. On one hand, the company achieved its highest-ever quarterly revenue, with net sales reaching ₹159.46 crore, reflecting a growth of 1.85% quarter-on-quarter and 5.19% year-on-year. This indicates a positive trend in demand for its textile products.<BR><BR>However, the profitability aspect is concerning. The net profit for the quarter fell sharply by 54.71% compared to the previous quarter, dropping to ₹2.02 crore, and also decreased by 19.84% year-on-year. This significant decline in profit is primarily attributed to an extraordinary tax burden, with an effective tax rate of 53.99%, which is unusually high compared to typical corporate rates.<BR><BR>While the operating margin improved to 5.71%, the overall financial performance raises questions about the sustainability of earnings, especially given the weak return ratios and high leverage. The company has a Mojo Score of 53/100 and a "HOLD" rating, suggesting that while there are some positive indicators, significant concerns remain regarding its profitability and financial health.<BR><BR>In summary, while Globe Enterprises has demonstrated strong revenue growth, the sharp decline in net profit and the unusual tax situation indicate that the results are not entirely favorable. Investors should approach with caution, monitoring for improvements in profitability and clarity on the tax issues in future quarters.

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

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

As of 30-Mar, Globe Enterprises (India) Ltd's stock price is declining at Rs. 2.00, down 8.26%, with significant underperformance compared to the Sensex. The stock has hit a 52-week low, indicating weak investor confidence and poor financial fundamentals, including a low ROCE and high debt ratio.

As of 30-Mar, Globe Enterprises (India) Ltd is experiencing a decline in its stock price, currently at Rs. 2.00, which reflects a change of -0.18 or -8.26%. This downward movement is evident in the stock's performance over various periods, including a 1-week decline of -11.11% and a 1-month decline of -18.70%, significantly underperforming the benchmark Sensex, which has only decreased by -0.81% and -10.19% in the same time frames, respectively.<BR><BR>The stock has also hit a new 52-week low of Rs. 1.86 today, indicating a lack of investor confidence. Furthermore, Globe Enterprises is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bearish trend. Although there has been a rise in investor participation, with a delivery volume increase of 66.05% on March 27, this has not translated into positive price movement.<BR><BR>Financially, the company has shown weak long-term fundamental strength, with a Return on Capital Employed (ROCE) of only 7.29%. The company's net sales growth has been modest at an annual rate of 14.78% over the past five years, and it has a high Debt to EBITDA ratio of 5.81 times, indicating challenges in servicing its debt. Additionally, despite a slight increase in promoter confidence, with a 1.51% increase in their stake, the overall performance has been below par, with the stock generating a -17.70% return over the past year and underperforming the broader market indices.<BR><BR>In summary, the combination of poor short-term and long-term performance metrics, along with the stock's current trading position below key moving averages, has contributed to the decline in Globe Enterprises (India) Ltd's stock price.

Which are the latest news on Globe Enterprise?