Globe Textiles (India) Limited (GLOBE) - Net Assets
Based on the latest financial reports, Globe Textiles (India) Limited (GLOBE) has net assets worth Rs1.46 Billion INR (≈ $15.80 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.12 Billion ≈ $44.52 Million USD) and total liabilities (Rs2.66 Billion ≈ $28.73 Million USD). 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. Check how strategically is Globe Textiles (India) Limited's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.46 Billion |
| % of Total Assets | 35.48% |
| Annual Growth Rate | 26.23% |
| 5-Year Change | 193.66% |
| 10-Year Change | 482.86% |
| Growth Volatility | 26.06 |
Globe Textiles (India) Limited - Net Assets Trend (2012–2026)
This chart illustrates how Globe Textiles (India) Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Globe Textiles (India) Limited.
Annual Net Assets for Globe Textiles (India) Limited (2012–2026)
The table below shows the annual net assets of Globe Textiles (India) Limited from 2012 to 2026. Also explore how fast is Globe Textiles (India) Limited growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs1.46 Billion ≈ $15.80 Million |
+0.11% |
| 2025-03-31 | Rs1.46 Billion ≈ $15.78 Million |
+40.49% |
| 2024-03-31 | Rs1.04 Billion ≈ $11.23 Million |
+90.86% |
| 2023-03-31 | Rs544.10 Million ≈ $5.88 Million |
+9.39% |
| 2022-03-31 | Rs497.39 Million ≈ $5.38 Million |
+16.33% |
| 2021-03-31 | Rs427.56 Million ≈ $4.62 Million |
-0.75% |
| 2020-03-31 | Rs430.80 Million ≈ $4.66 Million |
+11.50% |
| 2019-03-31 | Rs386.38 Million ≈ $4.18 Million |
+10.72% |
| 2018-03-31 | Rs348.99 Million ≈ $3.77 Million |
+39.26% |
| 2017-03-31 | Rs250.60 Million ≈ $2.71 Million |
+15.63% |
| 2016-03-31 | Rs216.72 Million ≈ $2.34 Million |
+8.13% |
| 2015-03-31 | Rs200.42 Million ≈ $2.17 Million |
+47.37% |
| 2014-03-31 | Rs136.00 Million ≈ $1.47 Million |
+47.83% |
| 2013-03-31 | Rs91.99 Million ≈ $994.87K |
+64.10% |
| 2012-03-31 | Rs56.06 Million ≈ $606.25K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Globe Textiles (India) Limited'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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs900.84 Million | 61.67% |
| Other Comprehensive Income | Rs559.82 Million | 38.33% |
| Total Equity | Rs1.46 Billion | 100.00% |
Globe Textiles (India) Limited Competitors by Market Cap
The table below lists competitors of Globe Textiles (India) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vantage Corp
NYSE MKT:VNTG
|
$8.57 Million |
|
AlphaTON Capital Corp.
NASDAQ:ATON
|
$8.58 Million |
|
Major Development Public Company Limited
BK:MJD
|
$8.58 Million |
|
Baillie Gifford Japan Trust
LSE:BGFD
|
$8.60 Million |
|
STO Co. Ltd
KQ:098660
|
$8.57 Million |
|
TG-17, Inc. Common Stock
NASDAQ:OBAI
|
$8.56 Million |
|
Hindusthan National Glass & Industries Limited
NSE:HINDNATGLS
|
$8.56 Million |
|
Cipta Selera Murni Pt
JK:CSMI
|
$8.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globe Textiles (India) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,458,997,000 to 1,460,659,000, a change of 1,662,000 (0.1%).
- Net income of 91,471,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 546,025,000.
- Other factors decreased equity by 635,834,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs91.47 Million | +6.26% |
| Other Comprehensive Income | Rs546.02 Million | +37.38% |
| Other Changes | Rs-635.83 Million | -43.53% |
| Total Change | Rs- | 0.11% |
Book Value vs Market Value Analysis
This analysis compares Globe Textiles (India) Limited'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: 0.55x
- 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 4.10x to 0.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | Rs0.43 | Rs1.76 | x |
| 2013-03-31 | Rs0.70 | Rs1.76 | x |
| 2014-03-31 | Rs1.04 | Rs1.76 | x |
| 2015-03-31 | Rs1.53 | Rs1.76 | x |
| 2016-03-31 | Rs1.66 | Rs1.76 | x |
| 2017-03-31 | Rs1.92 | Rs1.76 | x |
| 2018-03-31 | Rs2.39 | Rs1.76 | x |
| 2019-03-31 | Rs2.56 | Rs1.76 | x |
| 2020-03-31 | Rs2.85 | Rs1.76 | x |
| 2021-03-31 | Rs2.87 | Rs1.76 | x |
| 2022-03-31 | Rs3.27 | Rs1.76 | x |
| 2023-03-31 | Rs3.60 | Rs1.76 | x |
| 2024-03-31 | Rs6.14 | Rs1.76 | x |
| 2025-03-31 | Rs4.34 | Rs1.76 | x |
| 2026-03-31 | Rs3.19 | Rs1.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globe Textiles (India) Limited 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): 6.26%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.42%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 2.82x
- Recent ROE (6.26%) is below the historical average (9.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 17.15% | 1.34% | 2.72x | 4.69x | Rs4.01 Million |
| 2013 | 14.60% | 1.16% | 2.64x | 4.75x | Rs4.24 Million |
| 2014 | 16.43% | 1.35% | 2.37x | 5.16x | Rs8.75 Million |
| 2015 | 12.19% | 1.43% | 2.42x | 3.52x | Rs4.38 Million |
| 2016 | 7.70% | 0.91% | 2.20x | 3.83x | Rs-4.98 Million |
| 2017 | 13.52% | 1.78% | 1.71x | 4.44x | Rs8.82 Million |
| 2018 | 9.47% | 1.38% | 1.82x | 3.78x | Rs-1.86 Million |
| 2019 | 9.68% | 1.48% | 1.82x | 3.59x | Rs-1.24 Million |
| 2020 | 10.31% | 1.69% | 1.41x | 4.31x | Rs1.34 Million |
| 2021 | 0.59% | 0.10% | 1.18x | 5.00x | Rs-40.24 Million |
| 2022 | 10.32% | 1.36% | 1.46x | 5.20x | Rs1.62 Million |
| 2023 | 8.28% | 1.17% | 1.60x | 4.40x | Rs-9.36 Million |
| 2024 | 5.54% | 1.34% | 1.73x | 2.38x | Rs-46.34 Million |
| 2025 | 6.51% | 1.71% | 1.44x | 2.64x | Rs-50.90 Million |
| 2026 | 6.26% | 1.42% | 1.56x | 2.82x | Rs-54.59 Million |
Industry Comparison
This section compares Globe Textiles (India) Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $4,986,959,002
- Average return on equity (ROE) among peers: -7.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globe Textiles (India) Limited (GLOBE) | Rs1.46 Billion | 17.15% | 1.82x | $8.57 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $1.77 Billion | 3.02% | 1.40x | $38.07 Million |
| Akshar Spintex Limited (AKSHAR) | $194.97 Million | -2.63% | 2.61x | $3.49 Million |
| Alok Industries Limited (ALOKINDS) | $45.55 Billion | -95.65% | 6.33x | $396.29 Million |
| Alps Industries Limited (ALPSINDUS) | $-309.38 Million | 0.00% | 0.00x | $14.51 Million |
| Axita Cotton Limited (AXITA) | $178.00 Million | 2.59% | 1.15x | $33.11 Million |
| AYM Syntex Limited (AYMSYNTEX) | $4.20 Billion | 1.70% | 1.19x | $170.58 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.21 Billion | 3.63% | 3.87x | $40.73 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $2.54 Billion | 5.04% | 2.31x | $20.32 Million |
| Bombay Dyeing & Mfg Company Limited (BOMDYEING) | $-12.73 Billion | 0.00% | 0.00x | $240.29 Million |
| Cheviot Company Limited (CHEVIOT) | $6.26 Billion | 11.09% | 0.09x | $74.06 Million |
About Globe Textiles (India) Limited
Globe Enterprises (India) Limited engages in the manufacture and sale of textile and apparel in India. It offers denim and non-denim fabrics; shirting fabrics, such as printed linens, suiting prints, and dyed shirting fabrics; printed fabrics, including polyester print fabrics, chadri voiles, sarongs, scarfs, polyester dyed fabrics, cotton prints, and cotton dyed fabrics; and jeans and shorts for… Read more