Globe Textiles (India) Limited IPO Message Board (Page 2)

Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      190.42      182.51      170.78      165.97      115.33
Operating profit      10.28      7.08      7.16      6.41      3.50
Net profit      3.25      1.57      2.44      2.23      1.34
Equity cap pd      8.71      2.90      2.90      2.24      1.88

Balance-sheet (Rs.in Crs.)
Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Share Capital      8.71      2.90      2.90      2.24      1.88
Reserves & Surplus      16.15      18.71      17.14      11.36      7.32
Total Shareholders Funds      24.86      21.61      20.04      13.60      9.20
Secured Loans      51.32      38.92      29.05      31.35      16.33
Unsecured Loans      2.18      1.38      1.27      2.20      0.21
Total Debt      53.50      40.30      30.32      33.55      16.54
Total Liabilities      78.36      61.91      50.36      47.15      25.74
Gross Block      16.74      14.28      0.69      0.65      0.39
Less: Accum. Depreciation      0.00      0.00      0.00      0.00      0.00
Net Block      16.74      14.28      0.69      0.65      0.39
Capital Work in Progress      5.21      0.26      13.57      6.99      0.00
Investments      0.00      0.00      0.00      0.00      0.00
Inventories      38.36      26.34      23.07      28.18      19.37
Sundry Debtors      43.59      31.82      26.32      29.04      18.72
Cash and Bank Balance      1.07      1.91      3.45      3.19      1.86
Loans and Advances      5.24      8.29      3.58      2.10      3.35
Current Liabilities      31.17      20.85      20.16      22.39      17.67
Provisions      0.67      0.13      0.16      0.60      0.28
Net Current Assets      56.42      47.38      36.10      39.52      25.35
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      78.37      61.92      50.36      47.16      25.74
Contingent Liabilities      4.60      1.93      0.79      0.02      0.01

Profit-loss account (Rs.in Crs.):
Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Sales Turnover      190.42      182.51      170.78      165.97      115.33
Other Income      1.44      0.64      4.48      0.34      0.17
Stock Adjustments      8.90      3.73      -1.92      4.10      5.31
Total Income      200.76      186.88      173.34      170.41      120.81
Raw Materials      173.36      164.33      153.98      152.33      111.39
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.00      0.00      0.00      0.00      0.00
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      4.97      3.66      1.33      0.80      0.63
Selling and Administration Expenses      0.00      0.00      0.00      0.00      0.00
Miscellaneous Expenses      12.15      11.81      10.88      10.87      5.29
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      10.28      7.08      7.16      6.41      3.50
Interest & Financial Charges      4.59      4.35      3.62      2.80      1.12
Profit before Depreciation & Tax      5.69      2.73      3.54      3.61      2.38
Depreciation      0.81      0.42      0.11      0.06      0.03
Profit Before Tax      4.88      2.31      3.43      3.54      2.35
Tax      1.63      0.74      0.99      1.31      1.01
Profit After Tax      3.25      1.57      2.44      2.23      1.34
Adjustment below Net Profit      -5.81      0.00      0.00      0.00      0.00
P & L Balance brought forward      9.45      7.88      5.43      3.20      1.86
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      6.89      9.45      7.88      5.43      3.20
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      3.73      5.42      8.41      9.99      7.17
Book Value      28.55      74.47      69.05      60.82      49.06
Extraordinary Items      0.00      0.00      0.00      0.00      0.00

Avoid Globe Textiles as managed by HEM.

Laxmi Cotspin same peer company listed and after 2 months still in discount by 25 %.
Protect your capital while applying in IPOs of Hem Securities.
With Hem, Unless their IPO is fancy it will surely list at discounted price.
On paper Laxmi Cotspin is good else everything is FARZY.

true surely will list at huge discount

its a big issue so wont find buyers,
textile sector sme dont do well. even good subscribed sme like super knit and laxmi cotspin priced well at huge discount

only retailers have applied.

100 pc listing at discount. fair value 20 rs.

100 pc will list at discount

Globe Textiles GMP 7

Avoid
High inventory high debtors. Same as case in Jalan. seem to be repeat history of jalan

NSE EMERGE Listed sme companies are not doing that good in comparision to bse sme.

if NSE emerge need to make some background for future listing they need sme to give mutibagger returns

infact there is now noone that has outperformed or been a multibagger return in so many years like bse sme. pick top 5 bse sme versus nse sme you will know difference

even though they are fundamentally sound its still underperforming bse

take performance in last 2-3 years of all bse sme and compare them with nse sme

bse sme. Majestic researhc at 13 rs now 430 rs
vidli 10 rs now 113
Umiya tubes 10 rs now 114 rs.
Lancer container 12 rs now 60 rs

you wont have a single NSE sme which have not even gone up 5-6 times atleast in last 2 years . that is what underperformance is. above bse sme have gone up 10 -40 times.
so bse sme have been proven more reliable and multibaggers in comparision

Totally agree with you.

All I was saying is that in recent times, NSE SMEs are doing good as said in my previous comment.

Who knows, the said NSE SMEs can (may be) be multibaggers in 2 years times

With a Negative Cash flow in consistent basis ... Only Debtors of the Company increases and reflects in the Top line. Nothing cash generated from those Top Line. I am not applying in this IPO.

No subject to sauda, no grey market premium in ahmedabad...
Fake Grey market premium is running in market, stay away.

Only risk taking investor should apply.

Most Detailed ipo review about Globe Textiles has been posted by Markets Guruji on his youtube channel. Must watch for all investors.

BEING A LEADING EXPORT HOUSE IN TEXTILES AND GARMENT ITS A GOOD ISSUE TO INVEST

gm freind
today mumbai GMP 6

frnds ye ipo kaisa h isme paisa lgana chahiye ya nhi plz tell me........

being a small equity so many factors will attract for upper price

i believe it should be 10+ no doubt.

this is market

only money money nothing else

no relation with story / balance sheet in terms of market rate

only 2688000 equity @ 51 = every body come out for earning

good customer overseas as well as domestic

5000 rs

Subject to rate ??

Detailed analysis on Globe Textiles has been posted by markets guruji on youtube, must watch for all investors.

Under certain constraints, which of the two should I investment, globe textiles or tejas IPO?