GTN Industries
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GTN Industries has approved the issuance of up to 24.6 lakh equity shares on a preferential basis to seven non-promoter investors at a price of ₹24 per share, including a premium of ₹14. The move, which will raise roughly ₹5.9 crores, comes as the company — a two-star export house with a market value of about ₹43 crores — looks to shore up its finances after recently reporting widening annual losses. The issue is subject to shareholder approval at an extraordinary general meeting scheduled for July 6, 2026. Among the investors are Rakesh Kalapala and Atluri Raja Babu, each set to receive 6 lakh shares.
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GTN Industries has approved the issuance of up to 24.6 lakh equity shares on a preferential basis to seven non-promoter investors at a price of ₹24 per share, including a premium of ₹14. The move, which will raise roughly ₹5.9 crores, comes as the company — a two-star export house with a market value of about ₹43 crores — looks to shore up its finances after recently reporting widening annual losses. The issue is subject to shareholder approval at an extraordinary general meeting scheduled for July 6, 2026. Among the investors are Rakesh Kalapala and Atluri Raja Babu, each set to receive 6 lakh shares.
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May 19 (Reuters) - GTN Industries Ltd GTN.BO:
GTN INDUSTRIES LTD - TO CONSIDER ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS
Source text: ID:nBSEbgMF9x
Further company coverage: GTN.BO
(([email protected];))
May 19 (Reuters) - GTN Industries Ltd GTN.BO:
GTN INDUSTRIES LTD - TO CONSIDER ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS
Source text: ID:nBSEbgMF9x
Further company coverage: GTN.BO
(([email protected];))
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What does GTN Industries do?
GTN Industries Limited, a public limited company based in India, specializes in manufacturing and selling Cotton Yarn of medium, fine, and superfine Combed yarn.
Who are the competitors of GTN Industries?
GTN Industries major competitors are Gem Spinners, PBM Polytex, Sri Ramakrishna Mill, Sambandam Spg. Mills, Birla Cotsyn (India), Suryaamba Spg. Mills, Shekhawati Inds.. Market Cap of GTN Industries is ₹42 Crs. While the median market cap of its peers are ₹44 Crs.
Is GTN Industries financially stable compared to its competitors?
GTN Industries seems to be less financially stable compared to its competitors. Altman Z score of GTN Industries is 2.48 and is ranked 6 out of its 8 competitors.
Does GTN Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. GTN Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has GTN Industries allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is GTN Industries balance sheet?
Balance sheet of GTN Industries is moderately strong.
Is the profitablity of GTN Industries improving?
The profit is oscillating. The profit of GTN Industries is -₹10.72 Crs for TTM, -₹4.64 Crs for Mar 2025 and -₹6.32 Crs for Mar 2024.
Is the debt of GTN Industries increasing or decreasing?
Yes, The net debt of GTN Industries is increasing. Latest net debt of GTN Industries is ₹32.6 Crs as of Mar-26. This is greater than Mar-25 when it was ₹29.52 Crs.
Is GTN Industries stock expensive?
GTN Industries is not expensive. Latest PE of GTN Industries is 0, while 3 year average PE is 2.19. Also latest EV/EBITDA of GTN Industries is 0.0 while 3yr average is 20.42.
Has the share price of GTN Industries grown faster than its competition?
GTN Industries has given lower returns compared to its competitors. GTN Industries has grown at ~2.9% over the last 10yrs while peers have grown at a median rate of 9.52%
Is the promoter bullish about GTN Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in GTN Industries is 74.34% and last quarter promoter holding is 74.34%.
Are mutual funds buying/selling GTN Industries?
There is Insufficient data to gauge this.