GTN Textiles

Which are the latest news on GTN Textiles?

Why is GTN Textiles Ltd falling/rising?

As of 09-Jun, GTN Textiles Ltd's stock price is declining at 8.47, down 4.29%, and has significantly underperformed the Sensex. The stock is trading below all key moving averages, indicating a bearish trend despite increased investor participation.

As of 09-Jun, GTN Textiles Ltd's stock price is falling, currently at 8.47, which reflects a change of -0.38 or -4.29%. The stock has underperformed compared to the benchmark Sensex, which has only declined by -0.98% over the past week. Over the last month, GTN Textiles has seen a significant drop of -12.68%, while the Sensex fell by -4.41%. <BR><BR>Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 226.33% compared to the 5-day average, the overall performance today still lags behind the sector by -5.94%. <BR><BR>In summary, the combination of a significant decline in stock price, underperformance relative to the benchmark, and trading below moving averages contributes to the current downward trend of GTN Textiles Ltd.

Should I buy, sell or hold GTN Textiles Ltd?

How has been the historical performance of GTN Textiles?

GTN Textiles has experienced a significant decline in financial performance, with net sales dropping from 142.26 Cr in Mar'19 to 0.00 Cr by Mar'25, and increasing losses leading to a negative net profit of -7.38 Cr in Mar'25. The company's financial health has deteriorated, reflected in negative shareholder's funds and cash flow challenges.

Answer:<BR>The historical performance of GTN Textiles shows a significant decline in financial metrics over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>GTN Textiles experienced a drastic drop in net sales from 142.26 Cr in Mar'19 to 0.00 Cr in Mar'25, indicating a complete cessation of revenue generation. The total operating income followed a similar trend, decreasing from 142.26 Cr in Mar'19 to 9.99 Cr in Mar'23, and then to 0.00 Cr in the subsequent years. The company faced increasing losses, with profit before tax declining from -8.44 Cr in Mar'19 to -4.03 Cr in Mar'23, before showing a slight recovery to 0.44 Cr in Mar'25. However, the net profit remained negative, with a loss of -7.38 Cr in Mar'25, although this was an improvement from -17.97 Cr in Mar'23. The balance sheet reflects a deteriorating position, with total liabilities decreasing from 171.01 Cr in Mar'20 to 40.20 Cr in Mar'25, while shareholder's funds turned negative, dropping from 74.25 Cr in Mar'20 to -12.24 Cr in Mar'25. Cash flow analysis reveals a challenging situation, with cash flow from operating activities fluctuating and ultimately resulting in a net cash outflow of 0.00 Cr in Mar'23. Overall, GTN Textiles has shown a concerning trend of declining revenues, increasing losses, and deteriorating financial health over the years.

When is the next results date for GTN Textiles?

The next results date for GTN Textiles is 07 November 2025.

The next results date for GTN Textiles is scheduled for 07 November 2025.

Are GTN Textiles latest results good or bad?

GTN Textiles' latest results are concerning, with a Profit Before Tax of Rs -1.81 crore, a 190.6% decline from the previous average, and a 76.41% drop in consolidated net profit, indicating significant financial challenges.

GTN Textiles' latest results are concerning and can be classified as bad. The company reported a Profit Before Tax (PBT) of Rs -1.81 crore for the quarter ending June 2025, which is a significant decline of 190.6% compared to the previous average PBT of Rs 2.00 crore. Similarly, the Profit After Tax (PAT) also dropped sharply to Rs -0.13 crore, down 112.7% from an average of Rs 1.02 crore in prior quarters.<BR><BR>Additionally, the Operating Profit (PBDIT) has reached its lowest point in five quarters, recorded at Rs -0.13 crore. The overall financial performance shows a flat net sales growth of 0.00% and a substantial decrease in consolidated net profit by 76.41% compared to the previous quarter. These figures indicate a negative trend and suggest that GTN Textiles is facing significant challenges in its financial performance.

Is GTN Textiles overvalued or undervalued?

As of November 10, 2023, GTN Textiles is considered overvalued with a risky valuation grade, reflected by a negative PE ratio of -0.76, a high EV to EBIT of 41.43, and a poor ROCE of 2.31%, significantly underperforming its peers and the Sensex.

As of 10 November 2023, the valuation grade for GTN Textiles has moved from expensive to risky, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios highlight this concern, with a PE ratio of -0.76, an EV to EBIT of 41.43, and a ROCE of just 2.31%. These figures suggest that the company's earnings and capital efficiency are underperforming relative to its market price.<BR><BR>In comparison to its peers, GTN Textiles stands out unfavorably; for instance, K P R Mill Ltd has a PE ratio of 47.51, while Trident shows a more reasonable EV to EBITDA of 18.36. The stark contrast in these ratios underscores the overvaluation of GTN Textiles within its industry. Additionally, the company's stock has underperformed against the Sensex, with a year-to-date return of -25.08% compared to the Sensex's 5.58%, further reinforcing the notion that GTN Textiles is not a favorable investment at its current price of 9.14.

What is the technical trend for GTN Textiles?

As of May 19, 2025, GTN Textiles shows a mildly bearish trend with mixed signals: the weekly MACD is mildly bullish, the monthly MACD is bearish, and while the RSI indicates potential long-term upward momentum, short-term indicators like Bollinger Bands and moving averages suggest weakness.

As of 19 May 2025, the technical trend for GTN Textiles has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, while the monthly MACD remains bearish, indicating mixed signals across time frames. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential upward momentum in the longer term. However, Bollinger Bands and moving averages are bearish on the daily and weekly charts, indicating short-term weakness. The KST is mildly bullish on the weekly but bearish on the monthly, further contributing to the mixed outlook. Overall, the current stance is mildly bearish, with key indicators showing divergence between short-term and long-term trends.

Who are the top shareholders of the GTN Textiles?

The top shareholders of GTN Textiles include promoter Prabha Patodia with 16.13% ownership, individual investors holding 32.77%, and public shareholder Gnanadev Polisetty at 1.23%. There are minimal institutional holdings, with no pledged promoter shares reported.

The top shareholders of GTN Textiles include the promoters, who hold the majority of the shares. The promoter with the highest holding is Prabha Patodia, who owns 16.13% of the company. Additionally, individual investors collectively hold 32.77% of the shares. In terms of public shareholders, Gnanadev Polisetty is the highest with a holding of 1.23%. The company also has a small presence of institutional investors, with one Foreign Institutional Investor (FII) holding 0.01% and five mutual fund schemes holding another 0.01%. There are no pledged promoter holdings reported.

how big is GTN Textiles?

As of October 2023, GTN Textiles Ltd has a market capitalization of 10.48 Cr, classifying it as a Micro Cap company, with recent net sales of 0.00 Cr and a net profit of -7.38 Cr over the last four quarters. The latest balance sheet shows shareholder's funds at -4.80 Cr and total assets of 93.94 Cr.

Market Cap: GTN Textiles Ltd has a market capitalization of 10.48 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Mar'25, Dec'24, Sep'24, and Jun'24, is 0.00 Cr. The sum of Net Profit for the same period is -7.38 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at -4.80 Cr, while Total Assets amount to 93.94 Cr.

Who are in the management team of GTN Textiles?

As of March 2023, the management team of GTN Textiles includes B K Patodia (Chairman/Executive Director), Banwarilal Singhal, N K Bafna, V. N. Balakrishnan, and C. K. Gopalakrishnan Nair (all Independent Non-Executive Directors), along with Kalpana Mahesh Thakker and Umang Patodia (Non-Executive & Non-Independent Directors). Each member contributes to the company's governance and strategic direction.

As of March 2023, the management team of GTN Textiles includes the following individuals:<BR><BR>1. B K Patodia - Chairman / Executive Director<BR>2. Banwarilal Singhal - Independent Non-Executive Director<BR>3. N K Bafna - Independent Non-Executive Director<BR>4. V. N. Balakrishnan - Independent Non-Executive Director<BR>5. C. K. Gopalakrishnan Nair - Independent Non-Executive Director<BR>6. Kalpana Mahesh Thakker - Non-Executive & Non-Independent Director<BR>7. Umang Patodia - Non-Executive & Non-Independent Director<BR><BR>Each member plays a crucial role in the governance and strategic direction of the company.

What does GTN Textiles do?

GTN Textiles Ltd manufactures and sells cotton yarn and is classified as a Micro Cap company. As of March 2025, it reported a net profit of 7 Cr and has a market cap of Rs 11 Cr.

Overview:<BR>GTN Textiles Ltd is engaged primarily in the manufacture and sale of cotton yarn and operates within the Garments & Apparels industry, classified as a Micro Cap company.<BR><BR>History:<BR>Incorporated in March 2005, GTN Textiles Ltd was registered as "Medium Enterprises - Manufacturing" on 14th August 2020. The latest quarterly results reported net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 7 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 11 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 23<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -2.56<BR>Return on Equity: 109.73%<BR>Price-to-Book: -0.87<BR><BR>Contact Details:<BR>Address: Door No VIII/911, Erumathala P O Aluva Ernakulam Kerala : 683112<BR>Phone: 91-0484-2839491<BR>Email: cs@gtntextiles.com<BR>Website: http://www.gtntextiles.com

Has GTN Textiles declared dividend?

GTN Textiles Ltd has declared a 6% dividend, amounting to 0.6000 per share, but the dividend yield is 0% as no dividends have been paid in recent periods. Total returns have varied significantly, with negative returns in the short term and positive returns over the long term.

GTN Textiles Ltd has declared a 6% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 6%<BR>- Amount per share: 0.6000<BR>- Ex-date: Jul-17-2008<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 Months period, the price return was -25.91%, the dividend return was 0%, resulting in a total return of -25.91%.<BR><BR>In the 1 Year period, the price return was -25.73%, the dividend return was 0%, resulting in a total return of -25.73%.<BR><BR>In the 2 Years period, the price return was -18.57%, the dividend return was 0%, resulting in a total return of -18.57%.<BR><BR>In the 3 Years period, the price return was -42.64%, the dividend return was 0%, resulting in a total return of -42.64%.<BR><BR>In the 4 Years period, the price return was 48.05%, the dividend return was 0%, resulting in a total return of 48.05%.<BR><BR>In the 5 Years period, the price return was 64.32%, the dividend return was 0%, resulting in a total return of 64.32%.<BR><BR>Overall, while GTN Textiles has declared a dividend, the dividend yield remains at 0%, indicating that there have been no dividends paid in recent periods. The total returns show significant fluctuations, with negative returns in the shorter periods and positive returns over the longer term.

Who are the peers of the GTN Textiles?

GTN Textiles' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Davin Sons Reta, Sheshadri Indus., Minaxi Textiles, and Shree Mfg. Co., with GTN Textiles showing below-average management risk and a 1-year return of -27.89%.

Peers: The peers of GTN Textiles are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Davin Sons Reta, Sheshadri Indus., Minaxi Textiles, and Shree Mfg. Co.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, Vedant Fashions, and Davin Sons Reta, while Good management risk is found at Trent. Average management risk is noted at Trident, while Below Average management risk is attributed to GTN Textiles, Minaxi Textiles, and RLF. Growth is Excellent at Davin Sons Reta, Good at K P R Mill Ltd, and Below Average at Page Industries, Vedant Fashions, Trident, GTN Textiles, Minaxi Textiles, and RLF. Capital Structure is Excellent at Page Industries, K P R Mill Ltd, and Vedant Fashions, Good at Trident, and Below Average at Trent, GTN Textiles, Minaxi Textiles, and RLF.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while the lowest is Vedant Fashions at -24.55%. GTN Textiles has a 1-year return of -27.89%, which is lower than both. Additionally, the six-month returns for Vedant Fashions, Trident, GTN Textiles, Minaxi Textiles, and RLF are negative.