Ginni Filaments Limited. (GINNIFILA) AI Stock Analysis

• Market Cap: ₹3.06B
• Dividend Yield: N/A
• Average Volume (3M): 8.85K
• Price to Earnings (P/E): 13.8
• Beta (1Y): 1.04
• Revenue Growth: -18.38%
• EPS Growth: N/A
• Country: IN
• Employees: 458
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Apparel - Manufacturers
• EPS (TTM): 1.20
• Shares Outstanding: 85,650,060
• 10 Day Avg. Volume: 8,419
• 30 Day Avg. Volume: 8,850
• PEG Ratio: -0.39
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.46
• P/FCF Ratio: 27.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹41.00 ▼(-1.54% Downside)

The score is driven primarily by mixed financial performance—better gross margins and improving leverage are offset by low net profitability and volatile cash generation. Technicals are neutral-to-soft with negative MACD and longer-term trend still below key moving averages, while valuation is moderately supportive due to a mid-range P/E.

Positive Factors

Integrated cotton value‑chain model

Ginni’s business is concentrated on the cotton value chain and cotton yarn production for downstream fabric and garment manufacturers. This structural positioning provides steady end‑market linkage, input proximity and recurring industrial demand that support durable revenue channels and margin capture over time.

Improving gross profit margin

A material improvement in gross profit margin indicates better cost control or selective pricing. Sustained higher gross margins create a buffer against raw‑material swings, strengthen operating cash generation potential, and improve the firm's ability to absorb SG&A and interest costs over a multi‑month horizon.

De‑leveraging trend in capital structure

The documented improvement in debt metrics signals a trend toward reduced leverage. Continued de‑leveraging lowers interest expense sensitivity, increases financial flexibility for capex or downturns, and reduces solvency risk—structural improvements that enhance resilience across business cycles.

Negative Factors

Low net profit margin

Despite better gross margins, the company reports a low net profit margin, which limits retained earnings and return on equity. Persistently thin net margins reduce capacity to self‑fund growth, make shareholder returns difficult, and magnify exposure to interest and overhead increases over months.

Weak and inconsistent revenue growth

A reported revenue decline and inconsistent top‑line trends point to demand or operational volatility. Lower or erratic revenue undermines capacity utilization in textile manufacturing, increases per‑unit fixed costs, and reduces predictability of margins and cash generation across the medium term.

Volatile operating and free cash flow

Significant volatility in operating cash flow and inconsistent free cash flow constrain the company’s ability to invest, reduce debt, or return capital without external financing. In a cyclical industry, unstable cash generation raises liquidity risk and limits strategic flexibility over the next several months.

Ginni Filaments Limited. Business Overview & Revenue Model

Company Description

Ginni Filaments Limited manufactures and sells cotton yarns, knitted fabrics, non-woven fabrics, garments, wipes, and cosmetics in India. The company operates through Textiles and Others segments. It offers ring spun, open end, and specialty yarns; single and double jersey, and flat knit fabrics; and garments, such as polo's, round necks, rugby's, henley's, sweat shirts, and leggings for men, ladies, and children. The company also provides nonwoven fabrics comprising polyester, viscose, and cotton enriched blends that are used in various applications, including personal hygiene, medical, hospitality, packaging, garments, pultrusion, leather, filtration, automobile, and home furnishing; and filters used for the removal of contaminants from water and other liquids in pharmaceutical, cosmetic, biotechnology, and other industries. In addition, it offers hygiene, cosmetic, medical, home care, and baby care products. The company also exports its products. Ginni Filaments Limited was incorporated in 1982 and is based in Noida, India.

How the Company Makes Money

Ginni Filaments Limited generates revenue through the sale of its synthetic yarn products, which are in high demand in both domestic and global markets. The company's revenue model is primarily based on B2B transactions, supplying large quantities of yarn to manufacturers in the textile sector. Key revenue streams include the production of various types of polyester and nylon yarns, which are sold to garment manufacturers, home textile producers, and other industrial clients. Additionally, the company may engage in export activities, tapping into international markets that require high-quality synthetic textiles. Strategic partnerships with other textile manufacturers and distributors enhance Ginni Filaments' market reach and contribute significantly to its earnings.

Ginni Filaments Limited. Financial Statement Overview

Summary

Mixed fundamentals: improving gross margins and a better debt trend support stability, but thin net margins, inconsistent revenue growth, and volatile/free cash flow weakness limit overall quality.

Income Statement

Ginni Filaments Limited has shown a mixed performance in its income statement. The company's gross profit margin has improved significantly from the previous year, indicating better cost management or pricing strategies. However, the net profit margin is low, which suggests challenges in controlling expenses or interest costs. Revenue growth has been inconsistent, with fluctuations over the years, reflecting potential volatility in market demand or operational efficiency. The EBIT margin indicates some level of operating efficiency, yet the overall profitability remains a concern due to the thin net margins.

Balance Sheet

The balance sheet of Ginni Filaments Limited suggests moderate financial stability. The debt-to-equity ratio indicates a reliance on debt, but it has improved over the years, suggesting a positive trend towards de-leveraging. Return on equity is low, which may be a result of low net income levels. The equity ratio is fairly robust, indicating a solid asset base backed by equity. While the company has made progress in reducing debt, its overall leverage still poses a risk, and further improvements in profitability are needed to enhance returns for shareholders.

Cash Flow

Cash flow analysis reveals a mixed picture for Ginni Filaments Limited. The company has experienced volatility in operating cash flows, with significant fluctuations in recent years. Free cash flow has been inconsistent, which could impact the company's ability to invest in growth or return capital to shareholders. The operating cash flow to net income ratio is relatively stable, but the free cash flow to net income ratio indicates potential liquidity challenges. Overall, the cash flow position reflects operational challenges and the need for improved cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.98B	3.74B	3.44B	3.64B	10.70B	7.74B
Gross Profit	1.99B	1.78B	997.74M	1.15B	3.24B	1.30B
EBITDA	418.90M	290.58M	82.31M	536.91M	1.21B	1.12B
Net Income	147.80M	41.95M	-844.95M	-143.31M	483.63M	412.96M
Balance Sheet
Total Assets	0.00	3.36B	3.54B	6.37B	7.77B	5.83B
Cash, Cash Equivalents and Short-Term Investments	63.86M	63.86M	201.13M	23.16M	17.15M	22.88M
Total Debt	0.00	742.48M	782.38M	2.56B	3.27B	2.32B
Total Liabilities	-1.99B	1.37B	1.59B	3.58B	4.84B	3.45B
Stockholders Equity	1.99B	1.99B	1.95B	2.79B	2.93B	2.39B
Cash Flow
Free Cash Flow	0.00	61.98M	136.58M	939.79M	-801.31M	923.16M
Operating Cash Flow	0.00	103.63M	434.33M	1.19B	-11.61M	1.14B
Investing Cash Flow	0.00	-10.88M	1.79B	-238.39M	-762.28M	-166.29M
Financing Cash Flow	0.00	-230.52M	-2.08B	-942.19M	768.16M	-972.99M

Ginni Filaments Limited. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 41.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GINNIFILA, the sentiment is Neutral. The current price of 41.64 is above the 20-day moving average (MA) of 38.64, above the 50-day MA of 39.33, and below the 200-day MA of 41.94, indicating a neutral trend. The MACD of -0.78 indicates Negative momentum. The RSI at 52.30 is Neutral, neither overbought nor oversold. The STOCH value of 44.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GINNIFILA.

Ginni Filaments Limited. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RAMAPHO	65 Neutral	₹5.31B	10.13	―	0.46%	22.68%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VARDHACRLC	56 Neutral	₹2.95B	21.70	―	4.02%	―	―
GINNIFILA	56 Neutral	₹3.06B	13.84	―	―	-18.38%	―
SADHNANIQ	51 Neutral	₹1.98B	-9.62	―	1.25%	-37.44%	-950.73%
KANORICHEM	45 Neutral	₹2.93B	-4.70	―	―	-1.30%	-27.85%
DIAMINESQ	43 Neutral	₹2.39B	-48.45	―	0.38%	―	―