Gloster Ltd, incorporated in 1923, stands as India's premier manufacturer and exporter of jute, cotton, and allied fibers and their blends. The company was formerly known as Kettlewell Bullen & Company Limited (incorporated February 18, 1992) and changed its name to Gloster Limited in April 2018. This change marked a significant transformation in the company's business model, shifting from a Non-Banking Financial Institution to manufacturing.
GL specializes in manufacturing and exporting various jute and jute-blended products. Their diverse product portfolio includes conventional jute items, woven and non-woven fabrics, jute geo-textiles for civil and agricultural use, as well as jute nets, mats, and value-added products for interior decoration and packaging. Additionally, under the "Gloster Lifestyle" brand, the company offers lifestyle products like shopping and promotional bags.
The company's comprehensive product portfolio includes Hessian Cloth/Bags, Sacking Cloth/Bags, Matting, Rugs, Twines/Ropes, Shopping Bags, Canvas, Tarpaulin, Net, Scrim cloth, Chemical Treated Fabric, Spirally Sewn Bags, and Odourless Bags. It also produces yarn, non-woven, floor covering, home furnishing, and other consumer durable products. Gloster Ltd exports its jute goods to various countries across the Americas, Europe, Asia, and Australia.
Gloster Ltd operates as a significant player in the textile industry, specifically focusing on jute and allied products. The company's manufacturing facilities are strategically located at Bauria, on the banks of the Holy Ganges in West Bengal, India.
With 4,775 total employees across all its locations, Gloster Limited generated $67.28 million in sales (USD) as of recent data. The company serves a diverse customer base, including government entities, suppliers, industrial customers, and non-profit organizations, demonstrating its broad market reach and versatility in product applications.
The market capitalization of Gloster Ltd (GLOSTERLTD) is ₹779.00 Crore as of June 27, 2025. As per Value Research classification, it is considered a Small Cap company. The company's market capitalization has experienced fluctuations, reflecting the dynamic nature of the textile industry and broader market conditions.
Promoter holding in Gloster Ltd has remained stable at 72.63% as of March 2025, compared to June 2024, indicating consistent promoter commitment to the company's operations and growth prospects.
Gloster Ltd reported its financial results for the quarter ending March 2025, showing significant revenue growth but facing profitability challenges.
#### Revenue and Sales Growth
- Q4 FY2024-25 Net Sales: ₹278.34 Crore, marking a 50.47% year-on-year increase. This represents the highest sales recorded in the last five quarters, indicating a positive near-term sales trend.
- FY2024-25 Annual Sales: ₹734.78 Crore, an increase of 13.67% compared to ₹646.40 Crore in FY2023-24.
#### Profitability Challenges
Despite strong revenue growth, the company reported a net loss for the recent periods.
- Q4 FY2024-25 Net Profit: ₹-2.32 Crore (Net loss), compared to a net profit of ₹7.68 Crore in Q4 FY2023-24.
- Q4 FY2024-25 Profit Before Tax (PBT): ₹-8.50 Crore, a substantial year-on-year decrease of 194.24%.
- FY2024-25 Annual Net Profit: ₹-13.35 Crore (Net loss), compared to a net profit of ₹24.35 Crore in FY2023-24.
The rising interest costs, at ₹10.52 Crore for Q4 FY2024-25, increased by 103.48% quarter-on-quarter, suggesting a growing reliance on borrowings. The company's ability to manage interest payments has also weakened, with the operating profit to interest ratio at its lowest in five quarters.
- EPS (Q4 FY2024-25): -₹2.12
- P/E Ratio: -58.35
- P/B Ratio: 0.70
- Dividend Yield: 2.81%
- 52-Week Range: High: ₹879.95, Low: ₹531.60
The company's board of directors includes AJAY KUMAR AGARWAL, SHANKARLAL KEDIA, HEMANT BANGUR (Chairman), DHARAM CHAND BAHETI (Managing Director), NANDITA SEN, KRUTIBAS MAHAPATRA, and SATYENDRA NATH BHATTACHARYA.
Gloster Limited maintains good corporate governance practices, with its Secretarial Compliance Report confirming full regulatory compliance for the financial year ended March 31, 2025, as of May 29, 2025.
At its meeting on May 29, 2025, the Board of Directors recommended a final dividend of ₹20 per equity Share (200%), subject to shareholder approval. The Register of Members and share transfer books of the Company will remain closed from August 2, 2025, to August 8, 2025, for the purpose of the Annual General Meeting for the financial year ended March 31, 2025.
Gloster Ltd.'s upcoming earnings report is scheduled for August 8, 2025, which will be a key milestone for investors to assess future financial performance.
Gloster Ltd presents a mixed investment scenario characterized by strong revenue growth but persistent profitability challenges. The company has a low interest coverage ratio, indicating potential difficulties in servicing its debt. Over the past five years, the company has delivered a poor sales growth of 8.22% and a low return on equity of 2.01% over the last three years.
Despite these challenges, Gloster Ltd's established market position, extensive product portfolio, and robust revenue growth in recent quarters indicate potential for recovery and future growth in the jute and allied products industry, provided it can effectively address its profitability and interest cost management issues.
