MarketFriction

Gloster Ltd

NSE GLOSTERLTD · BSE 542351 · Jute & Jute Products
₹539.00 -1.30%
NSE close2026-10-01
52 week range495.00 - 756.45
Market cap₹591 Cr.
P/E46.1
Price band 20% Delivery 79.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales162.43136.95184.98135.90142.85177.69278.34305.63360.11382.59378.40427.39
Expenses144.65125.94164.86129.97131.71162.70263.91275.59320.59345.74337.75390.23
Operating Profit17.7811.0120.125.9311.1414.9914.4330.0439.5236.8540.6537.16
OPM %10.95%8.04%10.88%4.36%7.80%8.44%5.18%9.83%10.97%9.63%10.74%8.69%
Other Income2.403.962.401.917.046.8610.345.322.182.538.063.24
Interest0.330.791.203.594.835.1710.5215.8416.3520.2519.6721.74
Depreciation9.859.409.9011.7412.9912.6112.4114.2514.9615.1716.1516.53
Profit before tax10.004.7811.42-7.490.364.071.845.2710.393.9612.892.13
Tax %33.10%54.18%32.75%12.82%1,047.22%79.61%226.09%43.07%26.18%118.94%36.31%209.86%
Net Profit6.692.187.68-8.45-3.410.83-2.323.007.67-0.748.21-2.34
EPS in Rs6.111.997.02-7.72-3.120.76-2.122.747.01-0.687.50-2.14
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5044635014954937347106467351,4271,548
Expenses4343804184284256386275816881,2761,394
Operating Profit708484676896846547151154
OPM %14%18%17%13%14%13%12%10%6%11%10%
Other Income181617-428482514261416
Interest41132123247278
Depreciation3132313133343638506163
Profit before tax52666929611097138-13329
Tax %33%36%34%32%33%40%24%36%1,003%44%
Net Profit3542452041655424-131813
EPS in Rs41.2417.9537.8559.8949.7022.25-12.2016.5811.69
Dividend Payout %4%5%12%42%33%29%141%90%-164%121%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%24%26%71%
Compounded Profit Growth%-12%-29%774%
Stock Price CAGR%-2%-11%-16%
Return on Equity4%3%1%2%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital22555511111111
Reserves8601249389269891,0651,0681,0991,0721,078
Borrowings37172529241073194579959
Other Liabilities7786990113131159151166355462
Total Liabilities9751,0111,0591,0731,1491,2401,3031,4702,0182,510
Fixed Assets6846596396617097096918931,1151,261
CWIP2561217602021188563
Investments117150178117112130139142113114
Other Assets1721982352833113412723177051,072
Total Assets9751,0111,0591,0731,1491,2401,3031,4702,0182,510
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8856379431266738-99-142
Cash from Investing Activity-27-25-4020-51-96-77-126-227-113
Cash from Financing Activity-63-270-6-14-291586341239
Net Cash Flow-24-222-2215-215-17
Free Cash Flow774624-15-4740-84-106-327-275
CFO/OP160%90%66%23%75%156%86%90%-166%-82%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days15192521231520236576
Inventory Days111150142172221126138172284220
Days Payable614101510108197486
Cash Conversion Cycle120155157179233132149176276210
Working Capital Days6110011811413990735610445
ROCE %13%12%5%6%9%7%3%2%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.63%72.65%72.68%
DIIs14.68%14.61%14.61%14.61%14.61%14.61%14.61%14.61%14.55%14.50%14.36%14.08%
Public12.68%12.75%12.75%12.75%12.76%12.75%12.75%12.75%12.82%12.86%12.97%13.24%
No. of Shareholders8,4539,1028,9148,7489,0418,9788,8568,8668,7688,3998,1028,159

Fundamentals

Market Cap₹ 591 Cr.
Current Price₹ 539
Stock P/E46.1
Book Value₹ 995
ROCE5.85 %
ROE1.84 %
Dividend Yield3.71 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)71%
Compounded Profit Growth (TTM)774%
Consolidated figures.
Valuation
Market capRs 590 Cr
Enterprise valueRs 1,534 Cr
P/E (TTM)46.08x
Price to book0.54x
Price to sales0.38x
EV / EBITDA9.01x
EV / EBIT14.28x
EV / sales0.99x
Earnings yield2.17%
Dividend yield3.71%
P/E, 3-year average34.25x
P/B, 3-year average0.64x
P/E, 5-year average21.08x
P/B, 5-year average0.55x
Profitability
Operating margin (excl. other income)10.59%
Operating margin (incl. other income)11.58%
EBITDA margin10.99%
Pre-tax margin1.90%
Net profit margin0.83%
Net margin, latest quarter-0.55%
ROE1.67%
ROCE5.64%
ROA0.80%
ROE, 3-year average0.89%
ROCE, 3-year average3.49%
ROA, 3-year average0.60%
ROE, 5-year average2.81%
ROCE, 5-year average5.50%
ROA, 5-year average2.31%
ROIC (approx.)2.95%
Tax rate44.23%
Other income / net worth1.30%
Growth
Sales growth (latest year)94.17%
Sales CAGR, 3 years26.18%
Sales CAGR, 5 years23.68%
Profit CAGR, 3 years-30.65%
Profit CAGR, 5 years-15.16%
Sales growth QoQ12.95%
Profit growth QoQ-128.50%
Sales growth YoY (latest quarter)39.84%
Profit growth YoY (latest quarter)-178.00%
Per share
EPS (TTM)Rs 11.70
EPS (latest year)Rs 16.58
EPS (latest quarter)Rs -2.14
EPS, 3-year averageRs 8.88
EPS, 5-year averageRs 39.13
Book value per shareRs 994.81
Sales per shareRs 1,415.02
Cash flow per shareRs -129.82
Free cash flow per shareRs -251.30
Dividend per share (latest year)Rs 19.99
Dividend per share, 3-year averageRs 19.99
Dividend per share, 5-year averageRs 32.99
Dividends
Dividend payout120.62%
Dividend payout, 3-year average105.24%
Dividend payout, 5-year average95.15%
Efficiency
Asset turnover0.57x
Fixed asset turnover1.13x
Inventory turnover1.90x
Inventory days192 days
Debtor days76 days
Debtors turnover4.78x
Creditor days86 days
Cash conversion cycle210 days
Working capital days45 days
Leverage
Total debtRs 959 Cr
Cash and bankRs 16 Cr
Net debtRs 944 Cr
Debt to equity0.88x
Net debt / EBITDA5.54x
Interest coverage1.38x
Owners' fund to total sources43.38%
Debt to assets38.22%
Cash flow
Cash from Operating Activity (latest year)Rs -142 Cr
Cash from Investing Activity (latest year)Rs -113 Cr
Cash from Financing Activity (latest year)Rs 239 Cr
Net Cash Flow (latest year)Rs -17 Cr
Free cash flow (latest year)Rs -275 Cr
FCFE (approx.: FCF + change in debt)Rs 105 Cr
Cash from ops / profit, 5 years-0.07x
Statement figures
Net sales (TTM)Rs 1,548 Cr
Net sales (latest year)Rs 1,427 Cr
Sales (latest quarter)Rs 427 Cr
Operating profit excl. other income (latest year)Rs 151 Cr
Operating profit (latest quarter)Rs 37 Cr
Other income (TTM)Rs 16 Cr
EBITDA (TTM)Rs 170 Cr
PBDT (TTM)Rs 92 Cr
Profit before tax (TTM)Rs 29 Cr
Tax (latest year)Rs 14 Cr
Net profit (TTM)Rs 13 Cr
Net profit (latest year)Rs 18 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 63 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 78 Cr
Cost of goods sold (latest year)Rs 952 Cr
Total expenditure (latest year)Rs 1,276 Cr
Total income (latest year)Rs 1,441 Cr
Share capitalRs 11 Cr
ReservesRs 1,078 Cr
Shareholders' fundsRs 1,089 Cr
Total assetsRs 2,510 Cr
Net blockRs 1,261 Cr
Capital work in progressRs 63 Cr
InvestmentsRs 114 Cr
ReceivablesRs 298 Cr
InventoryRs 502 Cr
Other liabilitiesRs 462 Cr
Shares outstanding (crore)1.09
Ownership
Promoter holding72.68% (+0.05 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 46.1 is at the 89th percentile of its own 7.0-year range (median 14.5, low 4.2, high 88.1).
P/B 0.54 is at the 30th percentile (median 0.61).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGLOSTERLTDNifty 50Difference
1 week-5.8%-2.8% -3.0 pts
1 month-8.9%-6.8% -2.1 pts
3 months-24.3%-7.6% -16.7 pts
6 months+2.6%+0.4% +2.2 pts
1 year-18.3%-9.9% -8.4 pts
2 years-29.2%-13.6% -15.6 pts
3 years-29.0%+14.2% -43.1 pts
5 years-9.0%+27.9% -36.8 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -697% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 126% vs sales +94% in 2026
explainLow interest cover Interest cover 1.5x in 2026
lookProfit leans on other income Other income was 43% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹427 Cr +39.8% vs Jun 2025. Net loss ₹2 Cr.
Against our estimate for Jun 2026: sales -12.6%, profit -130.8% miss. Our estimate for Sep 2026: sales Rs 497 Cr, profit Rs 5 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Dividend - Rs 20 Per Share
2025-07-04Dividend - Rs 20 Per Share
2024-08-02Annual General Meeting/Dividend - Rs 20 Per Sh
DateTypeWhat it says
2026-10-01Credit Rating- NewCredit Rating- New
2026-09-18Shareholder meetingVoting results.
2026-08-25CessationCessation of Mr YOGENDRA SINGH as Non- Executive Director of the company w.e.f. August 07, 2026.
2026-08-19Shareholder meetingNotice of Postal Ballot
2026-08-07Shareholder meetingProceedings of Annual General Meeting held on August 07, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with...
2026-08-07CessationCessation of Mr YOGENDRA SINGH as Non- Executive Director of the company w.e.f. August 07, 2026.
2026-08-07AppointmentAppointment of Mrs MEETA KHARE as Non- Executive Director of the company w.e.f. August 07, 2026.
2026-08-07Board meeting outcomeGloster Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-16UpdatesRegulation 36(l)(b) of theSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-07-16Shareholder meetingNotice of Annual General Meeting to be held on August 07, 2026
2026-05-23Record DateRecord date for the purpose of Dividend is 03-Jul-2026.
2026-05-23Board meeting outcomeGloster Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-23DividendBoard of Directors at its meeting held on May 23, 2026, recommended Final Dividend of Rs. 20 per equity share.
2026-05-22Amalgamation/MergerAmalgamation/Merger
2026-05-22General UpdatesGeneral Updates
2026-04-02Disclosure under SEBI TakeovHemant Bangur has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-03-31UpdatesIntimation Under SEBI (Prohibition Of Insider Trading) Regulations,2015 [Regulation 7 (2) Read With Regulation 6(2) ContinualDisclosure].
2026-02-05Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
2026-02-04Board meeting outcomeGloster Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-04Board meeting outcomeBoard meeting held on February 04, 2026.
2026-01-05Shareholder meetingNotice of Postal Ballot
2025-12-31AgreementsAgreements
2025-12-31Board meeting outcomeBoard meeting held on December 31, 2025.
2025-11-12Amalgamation/MergerAmalgamation/Merger
2025-11-12Board meeting outcomeGloster Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Gloster Ltd?

Gloster Ltd (GLOSTERLTD) has a market capitalisation of Rs 591 Cr. at the 2026-10-01 close.

What is the P/E ratio of Gloster Ltd?

Gloster Ltd trades at a P/E of 46.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Gloster Ltd's latest quarterly results?

In the Jun 2026 quarter, Gloster Ltd sales was Rs 427 Cr (+39.8% vs Jun 2025) with a net loss of Rs 2 Cr.

What is the 52-week high and low of Gloster Ltd?

The 52-week high is Rs 756.45 and the 52-week low is Rs 495.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03