NSE: GLOBE
GLOBE ENTERPRISE (I) LTD
Operates in the textiles and apparel sector under the 'Other Textile Products' classification, with online brands INDJGENX and ORIJEAN forming part of the business. A group subsidiary, Globe Denwash Private Limited, is part of the company. Materials are the largest cost at 66.5% of revenue in FY26, with employee costs at 3.6% and other operating expenses at 2.7%. The company changed its name from Globe Textiles (India) Limited to Globe Enterprises (India) Limited effective November 6, 2025. For FY26, revenue was Rs 642.40 crore and net profit Rs 9.15 crore, with an EBITDA margin of 5.49% and debt-to-equity of 1.14. The online apparel business is being demerged with an appointed date of April 1, 2026, and a separate demerger scheme with Morabia Creation Limited received NSE observation letters in July 2026. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Textiles and other textile products, Online apparel brands (INDJGENX, ORIJEAN), Subsidiary Globe Denwash Private Limited. Asset-light textiles and online apparel business with materials-heavy cost structure
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 554 | 642 |
| EBITDA (ex other income) | 26 | 30 |
| margin % | 4.7 | 4.7 |
| Owners' profit | 9 | 0 |
| EPS, as reported (₹) | 0.30 | 0.20 |
| ROE % · ROCE % | 6.5 · 18.3 | 6.3 · 19.7 |
| Debt / equity (x) | 1.01 | 1.14 |
| Cash from operations | (18) | (4) |
| Capex | (4) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 152 | 130 | 148 | 157 | 159 | 178 | 185 |
| Profit before tax | 5 | 4 | 1 | 2 | 4 | 4 | 2 | 4 |
| Net profit | 4 | 3 | 0 | 1 | 4 | 2 | 1 | 3 |
| EPS (₹) | 0.13 | 0.10 | 0.00 | 0.03 | 0.10 | 0.04 | 0.03 | 0.06 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.4 | 16.8 | 39 of 179 | 79% |
| P/B | 0.6 | 1.1 | 49 of 185 | 74% |
| ROCE | 8.3 | 4.3 | 66 of 215 | 70% |
| ROE | 6.3 | 4.7 | 77 of 188 | 59% |
| Debt / Equity | 1.1 | 0.4 | 152 of 188 | 19% |
| EBITDA margin | 5.2 | 9.8 | 141 of 198 | 29% |
| Revenue growth | 24.4 | 6.9 | 52 of 192 | 73% |
| Profit growth | 108.9 | 20.0 | 52 of 203 | 75% |
| Market cap | 87 | 61 | 97 of 223 | 57% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · RTA confirms Regulation 74(5) not applicable for Q2 FY27 | compliance | minimal | — | — |
| 25 Sept 2026 · Trading Window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 19 Sept 2026 · Globe Enterprises increases authorized share capital to Rs 151 Crore | corporate actions | medium | — | — |
| 19 Sept 2026 · Globe Enterprises AGM: All 11 resolutions passed with over 99.98% approval | board shareholder meetings | low | — | — |
| 18 Sept 2026 · Globe Enterprises 31st AGM Concludes; All 11 Resolutions Approved | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Newspaper publication of 31st AGM notice | compliance | minimal | — | — |
| 22 Aug 2026 · Globe Enterprises files newspaper copies of 31st AGM notice and e-voting details | compliance | minimal | — | — |
| 21 Aug 2026 · Record date Sep 11 for 31st AGM e-voting eligibility | board shareholder meetings | low | — | — |
| 21 Aug 2026 · AGM on September 18 to vote on capital, borrowing and related-party proposals | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Board approves capital hike, debt-to-equity conversion, AGM on Sep 18 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.