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Gem Spinners India
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Gem Spinners India (GSIL) was incorporated in Oct.'90 as Gem Spinning and Weaving Mills. The name was subsequently changed to the present one in Apr.'92. R Veeramani is the Chairman and Managing Director. The company is in the business of textiles. Its products are cotton yarn in the count range from 20s to 100s and knitted fabric. The plant is located in the Kancheepuram district of Tamilnadu.
To part-finance its project of setting up a 100% EOU for the manufacture and export of cotton yarn and knitted cotton fabrics, GSIL went public with its maiden issue in Jan.'94. The plant and machinery -- consisting of blow room, carding machines, draw frames, combing machines, simplex machines, ring frames and winding machines -- are from Germany, Italy and Switzerland whereas the knitting machines are from Singapore. GSIL exports to Japan, Korea, Taiwan, Malaysia, Hong Kong, etc.
In 1995-96, it diversified into garment exports and created a new division for this purpose.
During 1996-97, company has installed 3 diesel generator sets of 1000 KVA to overcome the power cut.The company's GEM brand has established world high quality standards and is regarded as one of the best yarn in the world.
The company as informed in 1999 has been declared Sick by BIFR and the Board has appointed IDBI as Operating Agency. The face value of equity shares was reduced to Rs.5 per share.
Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India is valued compared to its competitors.
Gem Spinners India PE ratio helps investors understand what is the market value of each stock compared to Gem Spinners India '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 Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India helps investors get an insight into when they can enter or exit the stock. Key components of Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India ’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 Gem Spinners India 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 Gem Spinners India 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 Gem Spinners India .
The balance sheet presents a snapshot of Gem Spinners India ’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.