Globe Textiles (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Globe Textiles |
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Price: ₹4.72 | ||
| 52 Week Low: ₹2.70 52 Week High: ₹6.24 |
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| Market Capital: 124.01 Crore (Smallcap) | |||
| Consumer Cyclical -> Textile Manufacturing | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Globe Textiles Share Price Target For 2024
- 1.1.1: Globe Textiles Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Globe Textiles Share Price Target For 2025
- 1.2.1: Globe Textiles Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Globe Textiles Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Globe Textiles Brief Company Overview
- 4: Globe Textiles Financial Performance
- 4.0.1: Is Globe Textiles A Good Buy For Long Term?
To predict the Globe Textiles's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Globe Textiles Share Price Target For 2024
The line chart displays the monthly closing prices of Globe Textiles with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Globe Textiles shares in 2024, see the table below.
Globe Textiles Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 5.05 (+6.99%) | Price Action: 26 Sep 2023 High |
| 2024 Target 2 | 5.0 (+5.93%) | Price Action: 05 Oct 2023 High |
| 2024 Target 1 | 4.95 (+4.87%) | Price Action: 11 Oct 2024 Low |
| Current Price | 4.72 | Globe Textiles's share price as of 26 Dec 2024 |
| Stop Loss 1 | 4.61 (-2.34%) | Price Action: 13 Dec 2024 Low |
| Stop Loss 2 | 4.56 (-3.39%) | Price Action: 02 Dec 2024 High |
| Stop Loss 3 | 4.51 (-4.45%) | Price Action: 22 Oct 2024 Low |
Short-Term Technical Outlook
Current Technical Position: Globe Textiles is showing bullish momentum with price above both 25-day and 50-day moving averages.
Key Technical Level: The 25-day moving average at ₹4.67 serves as the nearest technical reference point.
Historical Returns: 3-month: -12.59% | 6-month: +42.17% | 1-year: +19.48%
Globe Textiles Share Price Target For 2025
The line chart displays the monthly closing prices of Globe Textiles with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Globe Textiles shares in 2025, see the table below.
Globe Textiles Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 7.22 (+52.96%) | Price Action: Chart |
| 2025 Target 2 | 7.09 (+50.21%) | Price Action: Chart |
| 2025 Target 1 | 7.02 (+48.72%) | Fibonacci Extension Level 64.90% |
| Current Price | 4.72 | Globe Textiles's share price as of 26 Dec 2024 |
| Stop Loss 1 | 4.18 (-11.45%) | Price Action: 21 Nov 2024 Low |
| Stop Loss 2 | 4.13 (-12.5%) | Price Action: 25 Nov 2024 Low |
| Stop Loss 3 | 4.05 (-14.2%) | Price Action: 19 Oct 2023 Low |
Long-Term Technical Outlook
52-Week Range Analysis: Globe Textiles is currently trading at 57.1% of its 52-week range (₹2.7 - ₹6.24).
Long-Term Trend Analysis: The stock is maintaining a bullish long-term trend, trading above both 150-day and 250-day moving averages.
Long-Term Performance: 1-year: +19.48% | 3-year: -68.31% | 5-year: +172.83%
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Approach 2: Machine Learning By Studying Historical Prices
Globe Textiles Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹4.72 | ||
| 2024 | ₹5.12 | +8.47% | ₹5.38 |
| 2025 | ₹6.12 | +19.53% | ₹6.68 |
| 2026 | ₹8.55 | +39.7% | ₹8.68 |
| 2027 | ₹9.47 | +10.76% | ₹9.98 |
| 2028 | ₹10.15 | +7.18% | ₹10.30 |
| 2029 | ₹11.99 | +18.12% | ₹12.76 |
| 2030 | ₹12.58 | +4.92% | ₹14.14 |
| 2031 | ₹16.00 | +27.18% | ₹16.24 |
| 2032 | ₹16.51 | +3.18% | ₹17.58 |
| 2033 | ₹16.71 | +1.21% | ₹18.29 |
| 2034 | ₹18.85 | +12.8% | ₹20.14 |
| 2035 | ₹19.05 | +1.06% | ₹21.60 |
| 2036 | ₹23.46 | +23.14% | ₹23.81 |
| 2037 | ₹23.54 | +0.34% | ₹25.17 |
| 2038 | ₹23.27 | -1.14% | ₹25.67 |
| 2039 | ₹27.51 | +18.22% | ₹27.92 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
Globe Textiles Brief Company Overview
Company Profile: Globe Textiles (India) Limited Globe Textiles, incorporated in 1995, is a multifaceted manufacturer and trader in India's textile and apparel sector. Headquartered in Ahmedabad, the company has a strong presence in the domestic and international...
markets. Products and Services Denim and non-denim fabrics Shirting, printed, and dyed fabrics Jeans under Afford, INDIGIRL, and INDIGEN brands Yarns, home textiles, and face masks Washing and research and development services Men's and women's apparel Commitment Globe Textiles is committed to delivering quality products, innovation, and sustainability throughout its operations.Globe Textiles Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 124.01 Crore | Market valuation of Globe Textiles's shares. |
| Revenue (TTM) | 453.32 Crore | Total revenue generated by Globe Textiles over the past twelve months. |
| Net Income (TTM) | +8.06 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +3.9% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +1.77% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+39.7% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+164.1% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
124.83 | Company's total debt divided by total shareholder equity. |
| Total Debt | 142.68 Crore | Sum of Globe Textiles's current & long-term financial obligations. |
| Total Cash | 19.78 Lakh | Total amount of liquid funds available to Globe Textiles. |
| Beta | 0.38 | Beta is less than 1 indicating that the Globe Textiles's price is less volatile than the market. |
Is Globe Textiles A Good Buy For Long Term?
Globe Textiles, a small-cap stock with a market capitalization of ₹124.01 crore, presents a mixed picture. While its 5-year return of 68.57% is impressive, recent performance shows volatility: -30.83% in the last three months. The high debt of ₹142.68 crore (Q1 2024-25) against a meager cash balance of ₹19.78 lakh raises significant concerns. Despite a revenue of ₹453.32 crore (TTM) and a net profit of ₹8.06 crore, the 1.77% profit margin is low. Therefore, Globe Textiles is currently a not a good buy for long-term investment; further investigation into its debt management and profitability is crucial before considering any investment.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
