Gul Ahmed Textile Mills Ltd
Gul Ahmed Textile Mills Ltd operates in Apparel, Accessories & Luxury Goods.
Gul Ahmed Textile Mills Ltd (GATM) - Net Assets
Latest net assets as of March 2024: PKRs44.88 Billion PKR
Based on the latest financial reports, Gul Ahmed Textile Mills Ltd (GATM) has net assets worth PKRs44.88 Billion PKR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (PKRs146.83 Billion) and total liabilities (PKRs101.96 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | PKRs44.88 Billion |
| % of Total Assets | 30.56% |
| Annual Growth Rate | 24.9% |
| 5-Year Change | 167.99% |
| 10-Year Change | N/A |
| Growth Volatility | 21.32 |
Gul Ahmed Textile Mills Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Gul Ahmed Textile Mills Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gul Ahmed Textile Mills Ltd (2016–2023)
The table below shows the annual net assets of Gul Ahmed Textile Mills Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | PKRs42.57 Billion | +11.91% |
| 2022-06-30 | PKRs38.04 Billion | +34.18% |
| 2021-06-30 | PKRs28.35 Billion | +73.62% |
| 2020-06-30 | PKRs16.33 Billion | +2.80% |
| 2019-06-30 | PKRs15.88 Billion | +21.96% |
| 2018-06-30 | PKRs13.02 Billion | +16.32% |
| 2017-06-30 | PKRs11.20 Billion | +24.66% |
| 2016-06-30 | PKRs8.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gul Ahmed Textile Mills Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2971.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs27.15 Billion | 63.78% |
| Other Components | PKRs15.42 Billion | 36.22% |
| Total Equity | PKRs42.57 Billion | 100.00% |
Gul Ahmed Textile Mills Ltd Competitors by Market Cap
The table below lists competitors of Gul Ahmed Textile Mills Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metaline Contact Mines
PINK:MTLI
|
$660.87 |
|
Transcontinental Gold Corp.
V:TCG-P
|
$660.89 |
|
TIANJIN PORT DEVELP (T9P.SG)
STU:T9P
|
$661.20 |
|
Global Warming Solut
PINK:GWSO
|
$661.85 |
|
JP Morgan Global Growth & Income PLC
LSE:JGGI
|
$659.90 |
|
TP TEC Holding Berhad
KLSE:03061
|
$658.97 |
|
My Beat AB
F:J1A
|
$658.23 |
|
Hydropipes Industries Sdn. Bhd.
KLSE:03060
|
$658.12 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gul Ahmed Textile Mills Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 38,035,744,000 to 42,565,591,000, a change of 4,529,847,000 (11.9%).
- Net income of 4,897,485,000 contributed positively to equity growth.
- Dividend payments of 482,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs4.90 Billion | +11.51% |
| Dividends Paid | PKRs482.00K | -0.0% |
| Other Changes | PKRs-367.16 Million | -0.86% |
| Total Change | PKRs- | 11.91% |
Book Value vs Market Value Analysis
This analysis compares Gul Ahmed Textile Mills Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.33x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.87x to 0.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | PKRs21.81 | PKRs18.97 | x |
| 2018-06-30 | PKRs25.37 | PKRs18.97 | x |
| 2019-06-30 | PKRs30.94 | PKRs18.97 | x |
| 2020-06-30 | PKRs28.14 | PKRs18.97 | x |
| 2021-06-30 | PKRs55.22 | PKRs18.97 | x |
| 2022-06-30 | PKRs51.40 | PKRs18.97 | x |
| 2023-06-30 | PKRs57.52 | PKRs18.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gul Ahmed Textile Mills Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.51%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.53%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 3.14x
- Recent ROE (11.51%) is below the historical average (13.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.16% | 3.56% | 1.01x | 3.65x | PKRs284.14 Million |
| 2017 | 7.41% | 2.03% | 1.10x | 3.32x | PKRs-289.48 Million |
| 2018 | 16.59% | 4.61% | 1.07x | 3.37x | PKRs858.05 Million |
| 2019 | 22.86% | 6.13% | 1.07x | 3.49x | PKRs2.04 Billion |
| 2020 | -4.33% | -1.12% | 0.78x | 4.97x | PKRs-2.07 Billion |
| 2021 | 18.22% | 5.78% | 0.87x | 3.61x | PKRs2.33 Billion |
| 2022 | 25.88% | 8.08% | 0.96x | 3.34x | PKRs6.04 Billion |
| 2023 | 11.51% | 3.53% | 1.04x | 3.14x | PKRs640.93 Million |
Industry Comparison
This section compares Gul Ahmed Textile Mills Ltd's net assets metrics with peer companies in the Textiles & Apparel industry.
Industry Context
- Industry: Textiles & Apparel
- Average net assets among peers: $39,748,120,349
- Average return on equity (ROE) among peers: 14.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gul Ahmed Textile Mills Ltd (GATM) | PKRs44.88 Billion | 13.16% | 2.27x | $660.64 |
| Bata Pakistan Ltd (BATA) | $7.44 Billion | 14.63% | 1.13x | $32.66K |
| Feroze1888 Mills Ltd (FML) | $36.69 Billion | 24.45% | 1.10x | $1.32K |
| Ibrahim Fibres Ltd (IBFL) | $37.25 Billion | 22.77% | 0.40x | $6.51K |
| Kohinoor Textile Mills Ltd (KTML) | $32.78 Billion | 14.26% | 0.64x | $1.57K |
| Nishat Mills Ltd (NML) | $102.62 Billion | 7.61% | 0.46x | $4.67K |
| Sapphire Textile Mills Ltd (SAPT) | $21.71 Billion | 4.08% | 2.84x | $41.96K |