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Globe Textiles (India)
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Globe Textiles (India) Limited was incorporated on 04 October 1995 in Ahmedabad. The Company is primarily involved in textiles trading and manufacturing all types of garments and clothing accessories .
The Company is manufacturing face mask from denim & printed fabric as an essential for protection against the dust and virus. A denim face mask is reusable and fits properly on the face. The Company is also having face mask with hair band for girls in their products portfolio. The company is manufacturing PPE Suit in the times when it is very important to take extreme care of health due to risk of Corona virus, people avoid stepping out. Personal Protective Equipment (PPE) suit is one of such safety essential that minimizes the risk of one's body contact with the virus by covering all parts of ones' body. Not just frontline doctors and support staff are using these kits but people who are travelling by flights or trains for long journeys are using the kit for an added protection.
The hot selling brands AFFORD, INDIGIRL and INDIGEN have made a mark in domestic markets with massive demands coming in from all over India through Company's online partners like Snapdeal, Flipkart, Voonik and Mr.Voonik. Jeans manufactured by the Company come with a precautionary warning which says- 'They are so comfortable there is a risk you won't want to get out of them.'
The Globe Chadri Voile is highly specialized product available in 44' and 58' in both; voile and lacquer prints. The company supplies exclusive printed cotton fabrics used for a variety of applications. These printed cottons are both in printed and solids where the fabric is recognized for their attributes like color contrasts, latest designs, smooth looks and vivacious patterns.
The Company is also manufacturing T-shirts and doing knitting works. It is one of the finest shirting fabric suppliers in India popular in the international as well as domestic markets. The company is a supplier of Linen Fabrics, in India. 100% quality linen fabrics are supplied from quality yarns and tested on well-defined parameters before being delivered to clients. Available in a variety of colors and prints, these comforters not only bring comfort while sleeping but also add the decorative aspect to ones' bedroom.
The Company is manufacturing Denim as well as Non-Denim fabrics. It is equipped with top and finest machinery and having manufacturing complying national and international standards. The company offers the assortment of bed sets and sheets, bed spreads, flat in cotton and microfiber fitted sheets alongside other furnishings and accessories like curtains, table linen/runner, napkins and tray cloth. It also supply cotton knitted jersey fabric bed sheets, fitted sheets, pillow covers and duvet covers and also export it to Germany, Israel and other countries.
Globe Textiles (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 Globe Textiles (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 Globe Textiles (India) is valued compared to its competitors.
Globe Textiles (India) PE ratio helps investors understand what is the market value of each stock compared to Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (India) helps investors get an insight into when they can enter or exit the stock. Key components of Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (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 Globe Textiles (India) .
The balance sheet presents a snapshot of Globe Textiles (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.
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