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Globe Textiles Share Price Target 2024, 2025, 2026 to 2039 With Charts
Globe Textiles | |||
 | Symbol: GLOBE | ||
| Price: ₹4.86 | |||
| Exchange: NSE | |||
| Consumer Cyclical -> Textile Manufacturing | |||
Show Table of Contents
Table of Contents
- 1: Globe Textiles Brief Company Overview
- 1.1: Company Profile: Globe Textiles (India) Limited
- 1.1.1: Products and Services
- 1.1.2: Commitment
- 1.2: Globe Textiles Financial Performance
- 1.2.1: Is Globe Textiles A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Globe Textiles Share Price Target For 2024
- 2.1.1: Globe Textiles Share Price Target Table For 2024
- 2.1.2: Summary: Globe Textiles Share Price Prediction For 2024
- 2.2: Globe Textiles Share Price Target For 2025
- 2.2.1: Globe Textiles Share Price Target Table For 2025
- 2.2.2: Summary: Globe Textiles Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Globe Textiles Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Globe Textiles Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Globe Textiles Past Performance
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.
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Globe Textiles Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 89.85 Crore | Market valuation of Globe Textiles's shares. |
| Revenue (TTM) | 414.12 Crore | Total revenue generated by Globe Textiles over the past twelve months. |
| Net Income (TTM) | +6.26 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 4.88% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 1.51% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -10.9% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +35.09% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 61.23 | Company's total debt divided by total shareholder equity. |
| Total Debt | 63.59 Crore | Sum of Globe Textiles's current & long-term financial obligations. |
| Total Cash | 16.48 Lakh | Total amount of liquid funds available to Globe Textiles. |
| Beta | 0.34 | 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 company with a market capitalization of 89.85 Crore, has shown strong revenue growth (414.12 Crore TTM), but its net profit margin of 1.51% suggests it faces significant cost challenges. The company's substantial debt of 63.59 Crore and low cash balance (16.48 Lakh) raise concerns about its financial stability. While recent stock returns are impressive, ranging from 13.02% to 70.52%, the long-term outlook remains uncertain due to these financial concerns. Further analysis is required to determine whether this is a good long-term buy.
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.
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Globe Textiles Share Price Target Table For 2024
| Globe Textiles's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 5.26 (+8.23%) | Price Action: 13 Aug 2024 High |
| 2024 Target 2 | 5.16 (+6.17%) | Price Action: 09 Aug 2024 High |
| 2024 Target 1 | 5.10 (+4.93%) | Price Action: Oct 2022 Low |
| Current Price | 4.86 | Globe Textiles's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 4.76 (-2.06%) | Price Action: Sep 2024 Low |
| Stop Loss 2 | 4.70 (-3.3%) | Price Action: Aug 2024 High |
| Stop Loss 3 | 4.65 (-4.33%) | Price Action: 20 Aug 2024 High |
Summary: Globe Textiles Share Price Prediction For 2024
In summary, Globe Textiles has surged by ₹0.91, achieving a notable +23.04% increase from 1st January 2024 to 06 Sep 2024. Our analysis of Globe Textiles for 2024 predicts an additional rise of 4.93% to 8.23% by the end of 2024 with three potential targets T1: 5.10, T2: 5.16, T3: 5.26. Stop Loss at SL1: 4.76, SL2: 4.70, SL3: 4.65.
Globe Textiles has a 52-week high of ₹6.19, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹2.70, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Globe Textiles.
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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.
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Globe Textiles Share Price Target Table For 2025
| Globe Textiles's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 7.53 (+54.93%) | Price Action: Chart |
| 2025 Target 2 | 7.39 (+52.05%) | Price Action: Chart |
| 2025 Target 1 | 7.32 (+50.61%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 4.86 | Globe Textiles's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 4.25 (-12.56%) | Price Action: Dec 2022 Low |
| Stop Loss 2 | 4.21 (-13.38%) | Price Action: Chart |
| Stop Loss 3 | 4.13 (-15.03%) | Price Action: Chart |
Summary: Globe Textiles Share Price Prediction For 2025
In summary, Globe Textiles has surged by ₹0.91, achieving a notable +23.04% increase from 1st January 2024 to 06 Sep 2024. Our analysis of Globe Textiles for 2025 predicts an additional rise of 50.61% to 54.93% by the end of 2025 with three potential targets T1: 7.32, T2: 7.39, T3: 7.53. Stop Loss at SL1: 4.25, SL2: 4.21, SL3: 4.13.
Globe Textiles has a All-Time high of ₹19.20, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹2.70, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Globe Textiles, we have created a specific page for that check here: Globe Textiles Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Globe Textiles Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Globe Textiles share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 12.92% over the next 15 years.
For complete year by year Globe Textiles long term share price target from 2024, 2025 to 2039 check the below table.
Globe Textiles Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Globe Textiles Target | YoY Change % |
|---|---|---|
| 2024 | ₹4.86 | [Current Price] |
| 2024 | ₹5.43 | 11.72% |
| 2025 | ₹6.73 | 23.94% |
| 2026 | ₹8.36 | 24.21% |
| 2027 | ₹10.24 | 22.48% |
| 2028 | ₹11.1 | 8.39% |
| 2029 | ₹14.44 | 30.09% |
| 2030 | ₹15.11 | 4.63% |
| 2031 | ₹16.69 | 10.45% |
| 2032 | ₹18.75 | 12.34% |
| 2033 | ₹19.02 | 1.43% |
| 2034 | ₹23.46 | 23.34% |
| 2035 | ₹23.49 | 0.12% |
| 2036 | ₹25.03 | 6.55% |
| 2037 | ₹27.26 | 8.9% |
| 2038 | ₹26.93 | -1.22% |
| 2039 | ₹29.77 | 10.54% |
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Globe Textiles Past Performance
- In 2018, Globe Textiles opening price was ₹3.28
- As of Fri 06 Sep 2024 the price stands at ₹4.86.
- This represents a Compound Annual Growth Rate (CAGR) of 5.78%.
- In 6 years, an investment of 10,000 would have become ₹14,817.07.
As we wrap up, we hope you like our study on Globe Textiles share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
