💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Globe Enterprises (India) Ltd, formerly Globe Textiles (India) Limited, is an India-based company, which is engaged in the business of textile trading and manufacturing. Its product categories include jeans and shorts (men and women), printed fabric (polyester print fabric,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fairly priced — but flagged on governance.
GLOBE ENTERPRISE (I) LTD is scored on the general / industrial framework. It keeps a thin 1.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.43×) — worth a closer look. Free cash flow is worth about -1.7% of its market value.
Over the last 2 years revenue compounded at 17%/yr and profit at 2%/yr. Book value has grown 12%/yr. Return on equity is a weak 6.5%. In the latest quarter profit grew 129% versus the prior quarter.
At 11× earnings, the stock sits at the 51st percentile of its own 2.6-year range — the middle of where it has historically traded. Today's price asks for only ~-1%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: Only ₹-0.35 of cash per ₹1 profit over 3 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 9.55 | — | — |
| P/B | 0.62 | 2.3 | better |
| EV/EBITDA | 6.72 | 8.84 | better |
| ROE | 6.55 | 10.86 | worse |
| ROCE | 9.45 | 5.77 | better |
| ROA | 2.18 | — | — |
| Quick Ratio | 0.79 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Grasim Industries | 19.5 | 2.1 | 4.8% |
| Welspun India | 51.6 | 4.5 | 8.6% |
| Vardhman Textiles | 14.3 | 1.3 | 7.1% |
Revenue has grown every year across all 3 financial years shown. 17% CAGR over 2 years — steady double-digit compounder.
Revenue is outpacing profit (17% vs 2%) — costs are rising faster than the top line.
Operating margins have been stable around 2% — no major structural shift. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 6% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (2% vs -15%) — share dilution is eroding per-share value. -15% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 3 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 14% above earlier ones.
Profit jumped 129% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.6y median.
Promoters at 34.4% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.