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GTN Industries
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GTN Industries Ltd (Formerly known GTN Textiles Ltd) was incorporated in 1962, GTN Textiles was taken over by the present promoters in 1966. The flagship of the GTN Patodia group, GTN Textiles (GTNTL) has several unique distinctions. It was the first company to export cotton yarn from India to Japan and Italy. The Company has its production facilities in the State of Telangana and Maharashtra and is presently engaged in the business of Spinning and Doubling of Yarn.
In 1992, it exported virtually its entire production, although it is not an EOU. The installed capacity of its plant at Alwaye, Kerala, has been increased from 12000 to 38600 spindles, bringing the company's total spindleage to 60340. In Jan.'93, GTNTL came out with its maiden public issue to modernise the existing plants, meet long-term working capital requirements and invest in the group's newly promoted company, Patspin India Ltd.
GTNTL is a government-recognised Export House and a Star Exporter. Perfect Spinners, a group company, also into cotton yarn, was merged with the company in Apr.'94. It is implementing an expansion-cum-modernisation programme at all its units. GTN Exports and Packworth Udyog are subsidiaries of GTN Textiles.
In 2000-2001 the company has raised term loan of Rs.22.83 crores under Technology Upgradation Fund Scheme which provides for 5% interest subsidy,for marginal increase in capacity and substantial modernisation/replacement of old machinery across the units,by availing world-class technology. To foray in production of Compact Spun Yarns and also to upgrade its production technology the company embarked upon TUF-II scheme for a total outlay of Rs.40 crores. It is also focussing on product diversification,startegic marketing,cost control measures etc to perform satisfactorily.
During December 2005,the company has decided to demerge its Aluva Unit along with investment of the company made in Patspin India Ltd and also offices as well as its assets situated in Mumbai,Kolkata and Coimbatore to GTN Industries Ltd.In consideration of demerger,the shareholders of the company will get One Equity Share of Rs.10/-each of GTN Industries for every One Equity Share held in the company.
Based on the approval given by the Shareholders at their Meeting held on 26th August 2005, and subsequent approval by the Hon'ble High Court of Kerala on 19th December, 2005 to the Scheme of Arrangement, certain business of Company was transferred to GTN Industries Limited (Transferee Company, now known as GTN Textiles Limited) which included the spinning unit at Aluva, Investments of 39.07% of the paid up equity share capital of Patspin India Limited and other assets as specified in the Scheme, which was effective from 19th December, 2005 and the appointed date of the Scheme was 1st April, 2005. In terms of Scheme, the names of the Transferor and Transferee Companies were inter-changed, accordingly, the name of Company was changed to GTN Industries Limited. After demerger, company is having two Spinning Units at Nagpur and Medak with aggregate capacity of 70336 spindles, Yarn Processing Unit at Shadnagar and Yarn Doubling Unit at Medak.
Since the Company was classified as a potentially sick company during 2015-16 and intimated to the BIFR on 27th Oct, 2016 after approval of shareholders. However, Presently SICA, 1985 is withdrawn.
GTN Industries 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 GTN Industries 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 GTN Industries is valued compared to its competitors.
GTN Industries PE ratio helps investors understand what is the market value of each stock compared to GTN Industries '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 GTN Industries 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 GTN Industries 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 GTN Industries 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 GTN Industries 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 GTN Industries 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 GTN Industries 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 GTN Industries helps investors get an insight into when they can enter or exit the stock. Key components of GTN Industries 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 GTN Industries 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 GTN Industries ’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 GTN Industries 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 GTN Industries 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 GTN Industries .
The balance sheet presents a snapshot of GTN Industries ’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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