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Gangotri Textiles
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Gangotri Textiles Ltd is a vertically integrated textile unit. The company is engaged in recycling of waste, open-end spinning, ring spinning, weaving, processing and garments manufacturing. They have world class in- house facilities from processing yarn to manufacture of finished garments.
The company's production facilities are located at Coimbatore, Maharashtra, Dindigul and Erode. Their products include cotton yarn, elastic yarn and specialty yarn, fabric and readymade garments for men. Their garments are marketed under the brands Tibre, Fugo and E Gen.
Gangotri Textiles Ltd was incorporated on July 26, 1989 as a private limited company with the name Gangotri Textiles Pvt Ltd. The company was promoted by the Manoj Kumar Tibrewal. Initially, the company started their business as waste-cotton re-cycler and trader in the late 1980s in Kolkata. In the year 1989, the company was formally incorporated. In January 1993, the company was converted into public limited company and the name was changed to Gangotri Textiles Ltd.
In August 1993, the company set up 4 open end spinning machines at Palladam Taluk in Coimbatore (Unit I) at an investment of Rs.4.76 crore. In July 1994, they made a public issue of equity shares at par for an amount of Rs.2.10 crore to part fund the expansion of Unit I. Also, they expanded the Unit I with 2 more O.E. Frames
In the year 1995, the company set up Sri Dwarka Textiles (Unit II) at Avinashi Taluk, Coimbatore and commenced commercial production. During the year 1997-98, the company purchased an existing open end spinning sick unit at Kolhapur, Maharashtra (Unit III) and managed to make it a viable profitable unit. Also, they expanded the Unit III with 3 more O.E Frames
In the year 2000, the company ventured into the ready-made-garments (RMG) market through their division, Gangotri Apparels and launched their 'Tibre' brand of cotton trousers in Coimbatore. They also launched 'TIBRE' brand trousers at Bangalore and other cities.
In March 2000, the company acquired a 7 years old 16,800 spindle ring-spinning sick unit, Palani Andavar Cotton & Synthetics Ltd (Unit IV) located in Udumalpet, and also managed to make it a viable a profitable unit. Also, the company expanded the Unit II with 3 more O.E Frames during the year.
In the year 2001, the company set up a Processing Unit V for garments at Perundurai -SIPCOT Complex. During the year 2001-02, they undertook a modernization program at Unit IV. In the year 2004, the company installed a captive power generation plant at Unit IV. In the year 2005, they installed two Wind Mills of 1.65 M.W each at Udamalpet for captive consumption of power. Also, they established cotton waste recycling unit (Unit VII) at Coimbatore.
In the year 2007, the company started commercial production of Weaving & Processing Unit. In the year 2008, the company launched the new brand 'Fugo' - trousers & shirts exclusively for the youth. They introduced Ready to Stitch cut bits under the brand name 'Lemon'.
In the year 2009, the company set up Unit IX with the capacity of 5000 Spindles and commenced commercial production. During the year 2009-10, the company increased the production capacity of Spindles from 17376 Nos to 23,424 Nos.
The company decides to sell one or more units of the company for the repayment of the loan borrowed from the consortium Lenders for the project.
Gangotri Textiles share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Gangotri Textiles indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Gangotri Textiles is valued compared to its competitors.
Gangotri Textiles PE ratio helps investors understand what is the market value of each stock compared to Gangotri Textiles 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Gangotri Textiles evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Gangotri Textiles generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Gangotri Textiles in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Gangotri Textiles shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Gangotri Textiles compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Gangotri Textiles over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Gangotri Textiles helps investors get an insight into when they can enter or exit the stock. Key components of Gangotri Textiles Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Gangotri Textiles shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Gangotri Textiles ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Gangotri Textiles provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Gangotri Textiles highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Gangotri Textiles .
The balance sheet presents a snapshot of Gangotri Textiles ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.