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GLOBE ENTERPRISES (INDIA) LIMITED (GLOBE)

₹2.05 +1.49% last close, 16 Oct

📊 NSE: GLOBE 🏢 Textiles - Products 📢 Latest filing: 19 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, GLOBE ENTERPRISES's revenue was ₹185 Cr (+24.4% year on year, +3.6% on the previous quarter), and net profit ₹2.9 Cr (+108.2% year on year); the operating margin was 5.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹185	+24.4%	+3.6%
Operating profit	₹9.3	+17.9%	+63.6%
Net profit	₹2.9	+108.2%	+129.5%
EPS (₹)	0.06	+100.0%	+100.0%
Operating margin	5.0%	—	—

Full quarterly financials → Results calendar →

GLOBE delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 96.44% of the GLOBE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 81.35%. That is higher than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was under a tenth of its average. It closed at a price band (circuit) on 1 session in about the last 20.

96.44%Delivery, 16 Oct

81.35%Own 20-session average

<0.1×Volume vs its average

₹2.05NSE close · +1.49%

Delivery in the last 5 sessions: 92.3% · 91.7% · 65.0% · 83.1% · 96.4%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Globe Enterprises Hikes Authorized Capital to Rs 151 Cr from Rs 91 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Sep 2026, 12:51 PM

Globe Enterprises (India) Limited announced shareholder approval at its 31st AGM held on September 18, 2026, to alter its Memorandum of Association (MoA). The company increased its authorized share capital from Rs 91.00 crore to Rs 151.00 crore. This alters the share structure to 75.50 crore ordinary shares of Rs 2 each, up from 45.50 crore shares. An increase in authorized capital typically paves the way for future equity fundraising, rights issues, or bonus shares.

Authorized share capital increased from Rs 91,00,00,000 to Rs 151,00,00,000
Total ordinary shares of Rs 2 each expanded from 45,50,00,000 to 75,50,00,000 shares
Amendment approved by shareholders at the 31st AGM held on September 18, 2026
Net headroom created for an additional Rs 60.00 crore in authorized equity capital

💡 Track subsequent board announcements to see if this authorized capital expansion precedes a fundraise, rights issue, or strategic issuance.

Globe Enterprises Shareholders Approve All 11 AGM Resolutions with Over 99.9% Majority

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Sep 2026, 11:48 AM

Globe Enterprises (India) Limited disclosed the scrutinizer's report and voting results for its 31st Annual General Meeting held on September 18, 2026. All 11 resolutions presented were approved with over 99.9% majority votes polled. Key resolutions passed included the adoption of FY26 financial statements, an increase in authorized share capital, an increase in borrowing powers, and approval of material related-party transactions. A total of 16,44,05,197 votes were polled across 73,325 total shareholders on the record date.

All 11 resolutions passed with over 99.99% votes cast in favor
Total votes polled stood at 16,44,05,197, representing 36.50% of the 45,04,18,788 total shares
Shareholder count stood at 73,325 on the record date of September 11, 2026
Passed special resolutions to raise borrowing powers and increase authorized share capital

💡 Track subsequent filings to observe how much additional debt is drawn under the expanded borrowing limits and monitor any changes in capital structure.

Globe Enterprises Approves Capital Hike, Borrowing Limit Expansion, and Debt-to-Equity Conversion

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 18 Sep 2026, 04:01 PM

Globe Enterprises (India) Limited concluded its 31st Annual General Meeting on September 18, 2026, with 39 members attending via video conferencing. Shareholders approved all 11 resolutions with the requisite majority, covering both ordinary business and major corporate authorizations. Key special resolutions passed include increasing authorized share capital, raising borrowing limits, expanding loan/investment thresholds, approving material related-party transactions, and converting loans taken from directors and promoters into equity shares. Specific monetary limits for the borrowing expansion and the conversion value were not disclosed in the proceedings summary.

31st AGM concluded on September 18, 2026, with 39 members present via video conference
All 11 resolutions passed, including special resolutions to increase authorized share capital and borrowing powers
Shareholders approved the conversion of loans from directors and promoters into equity shares
Approval granted for material related party transactions and limits on loans and investments under Section 185
Appointment of Mr. Hemant Jayantilal Dave as an Independent Director was approved

💡 Track subsequent regulatory filings disclosing the specific voting results, the quantum of authorized capital increase, and the pricing/dilution details regarding the conversion of promoter loans into equity.

Globe Enterprises Fixes Sept 11, 2026 as Cut-Off Date for 31st AGM E-Voting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 04:58 PM

Globe Enterprises (India) Limited has announced that its 31st Annual General Meeting (AGM) will be held on Friday, September 18, 2026, at 11:30 AM via video conferencing. The company has set Friday, September 11, 2026, as the cut-off / record date for the purpose of remote e-voting. This is a standard statutory compliance filing under SEBI LODR Regulation 42 with no impact on business operations or financials.

31st Annual General Meeting scheduled for September 18, 2026 at 11:30 AM via VC
Record / cut-off date for remote e-voting fixed as September 11, 2026
Filing applies to equity shares under ISIN INE581X01021

💡 Shareholders looking to exercise remote e-voting rights must hold equity shares as of the September 11, 2026 cut-off date. Watch for the formal AGM notice and annual report for key business updates.

Globe Enterprises Notices 31st AGM on Sept 18; Proposes Hiking Authorized Capital to Rs 151 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 04:13 PM

Globe Enterprises (India) Limited has issued the notice for its 31st Annual General Meeting scheduled for September 18, 2026, via video conferencing. Key resolutions include increasing the company's authorized share capital from Rs 91.00 Cr to Rs 151.00 Cr (divided into 75.50 Cr equity shares of Rs 2 each). Shareholders will also vote on approving material related-party transactions, increasing borrowing powers, and the re-appointment of Director Nilaybhai Jagdishbhai Vora.

31st Annual General Meeting scheduled for Friday, September 18, 2026, at 11:30 AM IST
Proposed increase in authorized share capital from Rs 91.00 Cr to Rs 151.00 Cr
Authorized equity shares to expand from 45.50 Cr shares to 75.50 Cr shares of Rs 2 each
Special resolutions include expansion of borrowing powers and material related-party transaction approvals

💡 Track shareholder voting outcomes following the AGM on September 18, 2026, particularly regarding the capital increase and borrowing headroom expansion.

Globe Enterprises approves capital hike to ₹151 Cr & promoter loan-to-equity conversion

🔵 WATCH ⭐ 5/10

BOARD_MEETING 📅 21 Aug 2026, 03:58 PM

Globe Enterprises' Board approved an increase in authorized share capital from ₹91.00 Cr to ₹151.00 Cr, creating headroom for future equity issuances. The Board also approved the conversion of loans taken from directors and promoters into equity shares under Section 62(3), subject to shareholder approval at the AGM on September 18, 2026. Additionally, limits for borrowing, investments, and loans under Sections 180 and 186 were approved for increase, alongside the appointment of Mr. Hemant Jayantilal Dave as an Independent Director.

Authorized share capital increased from ₹91.00 Cr (45.50 Cr shares) to ₹151.00 Cr (75.50 Cr shares of ₹2 each)
Approved conversion of director and promoter loans into equity shares, subject to shareholder approval
Approval to increase borrowing limits (u/s 180(1)(c)) and loan/investment limits (u/s 186)
Appointed Mr. Hemant Jayantilal Dave (39 years textile industry experience) as Independent Director for a 5-year term
31st AGM scheduled for September 18, 2026 with a voting record date of September 11, 2026

💡 Track the upcoming AGM voting results on September 18, 2026, and look for specific disclosures regarding the quantum and pricing of the promoter debt-to-equity conversion to assess dilution.

Globe Enterprises Appoints Textile Expert Hemant Dave as Independent Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 12 Aug 2026, 02:37 PM

Globe Enterprises (India) Limited has appointed Mr. Hemant Jayantilal Dave as an Additional Independent Director effective August 12, 2026. Mr. Dave brings 39 years of specialized experience in textile engineering and technical textiles, which is highly relevant given the company's recent capacity expansion. This appointment strengthens the board to 7 members, including 4 independent directors, as the company integrates its recent acquisition of Globe Danwash. The appointee holds no equity shares in the company.

Appointment of Mr. Hemant Jayantilal Dave as Additional Independent Director effective August 12, 2026
Appointee brings 39 years of industrial experience in textile manufacturing and technical textiles
Mr. Dave holds a Master’s Degree in Textile Engineering and a P.G. in Marketing Management
The board now comprises 7 directors, maintaining a majority of independent/non-executive oversight
Appointee holds 0 equity shares in the company as of the appointment date

💡 Investors should monitor if Mr. Dave's technical expertise in polymer extrusion and technical textiles translates into improved manufacturing efficiency or new product lines, especially following the recent tripling of fixed assets.

Globe Enterprises Q1 PAT Jumps 197% YoY to ₹2.71 Cr; Revenue Up 33%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 02:31 PM

Globe Enterprises reported a strong start to FY27 with Q1 revenue growing 32.8% YoY to ₹166.68 Cr. Net profit surged 197% YoY to ₹2.71 Cr, representing approximately 30% of the total TTM PAT in a single quarter. The company is progressing with its strategic demerger of the online brands 'Indigenx' and 'Orijean', having received the Stock Exchange observation letter in July 2026. Additionally, the board has been strengthened with the appointment of a textile industry veteran as an Independent Director.

Revenue from operations increased to ₹166.68 Cr in Q1 FY27 from ₹125.54 Cr in Q1 FY26.
Net profit grew nearly 3x to ₹2.71 Cr compared to ₹0.91 Cr in the same period last year.
Earnings Per Share (EPS) improved to ₹0.06 for the quarter from ₹0.02 YoY.
Received Stock Exchange observation letter on July 06, 2026, for the demerger of the online business segment.
Appointed Mr. Hemant Jayantilal Dave, who has 39 years of textile industry experience, as an Additional Independent Director.

💡 Investors should monitor the NCLT approval timeline for the demerger of the online business and track if the improved operational efficiency seen this quarter is sustained in the upcoming festive season.

2.60 Crore Shares Released from Pledge by Promoter Bhavik Suryakant Parikh

🟢 POSITIVE ⭐ 6/10

OTHER 📅 11 Aug 2026, 11:58 AM

Promoter Bhavik Suryakant Parikh has released a pledge on 2,60,00,000 equity shares of Globe Enterprises (India) Limited. This represents approximately 5.65% of the company's total equity base, a significant portion given the total promoter holding of 34.35%. The release of encumbrance typically indicates that the promoter has settled underlying financial obligations, reducing the risk of forced liquidation. This development is notable for a micro-cap company with a market capitalization of Rs 92 Cr and a TTM revenue of Rs 642 Cr.

Release of pledge on 2,60,00,000 equity shares held by Promoter Bhavik Suryakant Parikh.
The released shares constitute approximately 5.65% of the total outstanding equity of the company.
The company reported a TTM revenue of Rs 642 Cr and a PAT of Rs 9 Cr as of FY26.
Promoter holding stood at 34.35% as of March 2026, prior to this release of encumbrance.

💡 Investors should monitor the next quarterly shareholding pattern to verify the remaining percentage of pledged promoter shares and check for any changes in promoter debt levels.

Globe Enterprises receives NSE 'No Objection' for demerger of online business

🟢 POSITIVE ⭐ 7/10

M&A 📅 07 Jul 2026, 03:44 PM

Globe Enterprises (India) Limited has received 'No adverse observations' from the National Stock Exchange (NSE) regarding its proposed Scheme of Arrangement to demerge its online business into Morabia Creation Limited (MCL). This regulatory clearance, received on July 6, 2026, allows the company to proceed with filing the scheme before the National Company Law Tribunal (NCLT). The demerger aims to separate the online brands (Indigenx and Orijean) from the core manufacturing business, which currently generates TTM revenue of Rs 642 Cr. Investors should note that the resulting company, MCL, must complete its listing within 60 days of the final NCLT order.

NSE issued 'No objection' and 'No adverse observation' letters on July 6, 2026
The observation letter remains valid for 6 months (until January 6, 2027) for filing with the NCLT
Morabia Creation Limited must list its shares within 60 days of receiving the final NCLT order
The demerger involves transferring the online business brands Indigenx and Orijean to the resulting company
Globe Enterprises reported a TTM PAT of Rs 9 Cr and a debt of Rs 158 Cr prior to this restructuring

💡 Monitor the timeline for the NCLT filing and the subsequent notice to shareholders, which will contain the final valuation report and the specific share exchange ratio for the demerger.

Globe Enterprises (India) Limited Reports 100% Demat Status for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 05:36 PM

Globe Enterprises (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no requests for dematerialization or rematerialization were received during the quarter ended June 30, 2026. The filing explicitly states that the entire holding of the company's shares is already in dematerialized form. This is a standard procedural disclosure required by SEBI.

Quarterly compliance certificate issued for the period ended June 30, 2026
Zero requests received for dematerialization or rematerialization during the quarter
100% of the company's shares are confirmed to be in demat form
Certificate issued by Registrar and Share Transfer Agent, Bigshare Services Private Limited

💡 No action is required as this is a routine administrative filing. Investors should monitor upcoming quarterly financial results for operational updates.

GLOBE Enterprises to Close Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 03:01 PM

GLOBE Enterprises (India) Limited has announced the closure of its trading window starting July 01, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially announced. The company will intimate the specific date of the Board Meeting for result consideration in due course.

Trading window closure commences on July 01, 2026.
Closure pertains to the Unaudited Financial Results for the quarter ended June 30, 2026.
The window will reopen 48 hours after the financial results are declared.
The Board Meeting date for result approval is yet to be announced.
The action follows SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No immediate action is required as this is a routine regulatory filing; investors should watch for the upcoming Q1 result date announcement.

Globe Enterprises (India) Ltd Submits Annual Promoter Shareholding Disclosure for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 15 Jun 2026, 07:33 PM

Globe Enterprises (India) Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed by Mr. Bhavin Suryakant Parikh on behalf of the promoter group and Persons Acting in Concert (PACs) for the financial year ended March 31, 2026. This filing typically confirms that promoters have not made any new encumbrances or pledges on their shares during the specified period, other than those already disclosed. It is a standard transparency measure required by SEBI to track promoter share activity.

Disclosure submitted for the Financial Year ended March 31, 2026.
Filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Submitted by Promoter Mr. Bhavin Suryakant Parikh on behalf of the entire promoter group and PACs.
The filing was formally recorded by the National Stock Exchange on April 03, 2026.

💡 This is a routine regulatory filing and requires no immediate action. Investors should verify that no significant new pledges were created by the promoters, which is usually a sign of healthy financial standing.

Globe Enterprises Approves FY26 Audited Financial Results; Receives Clean Audit Opinion

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 21 May 2026, 03:59 PM

Globe Enterprises (India) Limited, formerly known as Globe Textiles, has approved its standalone and consolidated audited financial results for the fiscal year ended March 31, 2026. The statutory auditors, Dharmesh Parikh & Co LLP, issued an unmodified audit report, indicating no major discrepancies in the financial statements. Additionally, the board has appointed M/s. Mihir Thakkar & Associates as the internal auditor for the 2026-27 fiscal year. This meeting ensures the company remains compliant with SEBI listing regulations regarding annual financial disclosures.

Approved standalone and consolidated audited financial results for the year ended March 31, 2026.
Statutory auditors issued an unmodified/unqualified opinion on the financial results.
Appointed M/s. Mihir Thakkar & Associates as Internal Auditor for the financial year 2026-27.
The Board meeting was conducted and concluded within regulatory timelines on May 21, 2026.
The company confirmed compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

💡 Investors should examine the detailed financial tables in the full report to evaluate revenue and profit growth trends. The clean audit report is a positive sign of transparency and reliable financial reporting.

Globe Enterprises to Close Trading Window from April 1, 2026, for Q4 and FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Mar 2026, 12:58 PM

Globe Enterprises (India) Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the audited financial results for the quarter and fiscal year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially declared to the exchanges. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure to commence from April 1, 2026.
Closure is related to the Audited Financial Results for the quarter and year ended March 31, 2026.
The window will reopen 48 hours after the financial results are announced.
The date for the Board Meeting to consider results will be intimated in due course.

💡 This is a routine regulatory announcement with no direct impact on the company's valuation. Investors should monitor for the upcoming board meeting date to prepare for the year-end financial performance update.

View All GLOBE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue for Q2 FY2025-26 reached INR 158.56 Cr, representing a 6.81% increase from INR 148.45 Cr in Q1 FY2025-26. Business segments include yarns, fabrics, denim, home textiles, and garments, with management reporting healthy growth across all major product segments despite cost pressures.

Geographic Revenue Split

The company serves both domestic and international markets; however, the specific percentage split between regions is not disclosed in the available documents.

Profitability Margins

Profit After Tax (PAT) for Q2 FY2025-26 was INR 4.46 Cr, a surge of 219.94% compared to INR 1.40 Cr in the previous quarter. The PAT margin improved from 0.94% in Q1 FY2026 to 2.81% in Q2 FY2026 due to improved operational efficiency.

EBITDA Margin

For FY2024-25, EBITDA stood at INR 24.85 Cr (4.73% margin) compared to INR 22.86 Cr (5.30% margin) in FY2023-24. While absolute EBITDA grew 8.67% YoY, the margin percentage declined slightly due to cost pressures. Historically, EBITDA increased by 35.39% between FY22 and FY24.

Capital Expenditure

Fixed assets increased significantly by INR 51.01 Cr in H1 FY2025-26, rising from INR 28.48 Cr as of March 31, 2024, to INR 79.49 Cr as of September 30, 2025, reflecting major investments in manufacturing capacity.

Credit Rating & Borrowing

Current borrowings increased by 92.13% to INR 129.60 Cr in H1 FY2025-26 from INR 67.45 Cr in FY2023-24. Specific credit ratings and interest rate percentages were not disclosed.

⚙️ Operational Drivers

Raw Materials

Specific raw materials include cotton, yarns, and fabrics. While the exact percentage of total cost for each is not disclosed, management highlighted 'cotton leadership' and noted that raw material price fluctuations are a key risk to margins.

Capacity Expansion

The company recently acquired Globe Danwash to expand operations, funded by a INR 45.04 Cr rights issue. Fixed assets grew from INR 28.48 Cr to INR 79.49 Cr in H1 FY2025-26, indicating a substantial increase in installed capacity.

Raw Material Costs

Raw material costs are a significant portion of the cost structure; management noted cost pressures in Q2 FY2025-26 but maintained profitability through operational efficiency. Procurement strategies focus on integrated in-house facilities to control quality and costs.

Manufacturing Efficiency

Management attributes the 220% QoQ PAT surge in Q2 FY2025-26 to improved operational efficiency and higher margins. The company employs 674 people as of March 31, 2025.

📈 Strategic Growth

Expected Growth Rate

21.90%

Growth Strategy

Growth will be driven by the demerger of the online business (brands Indigenx and Orijean) to focus on core manufacturing, the acquisition of Globe Danwash for INR 45.04 Cr, and the expansion of physical presence through a new virtual office in Mumbai. The company is also leveraging its integrated in-house facilities to capture higher margins in the denim and home textile segments.

Products & Services

Yarns, fabrics, denim, home textiles, and garments.

Brand Portfolio

Indigenx, Orijean.

New Products/Services

The company is focusing on innovative and customized textile solutions; specific revenue contribution percentages for new products were not disclosed.

Market Expansion

Opened a new virtual branch office in Mumbai in November 2025 to strengthen regional presence and enhance business operations.

Strategic Alliances

Acquisition of Globe Danwash to integrate washing and processing capabilities.

🌍 External Factors

Industry Trends

The Indian textile industry is seeing a shift toward integrated operations and expanding exports. Globe is positioning itself as a leader in cotton-based textiles with a focus on sustainable growth and global standards.

Competitive Landscape

Operates in a competitive market with pressures from raw material costs and other textile manufacturers; management focuses on 'Strategic Industry Advantage' through cotton leadership.

Competitive Moat

The moat is built on integrated in-house operations which ensure quality control and efficiency, and strong customer retention through a commitment to global standards. This is sustainable as it creates a cost and quality advantage over non-integrated competitors.

Macro Economic Sensitivity

Highly sensitive to economic conditions and raw material price fluctuations, particularly in the cotton and textile sectors.

Consumer Behavior

Improving demand conditions in major product segments were noted by management in Q2 FY2025-26.

Geopolitical Risks

Exposure to international markets makes the company vulnerable to trade barriers and global economic shifts.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to textile manufacturing standards and direct tax laws. The company recently underwent a name change to Globe Enterprises (India) Limited, complying with Regulation 45 of SEBI LODR.

Taxation Policy Impact

The effective tax rate for FY2024-25 was approximately 26.9%, with a tax provision of INR 2.52 Cr on a Profit Before Tax of INR 9.36 Cr.

Legal Contingencies

The company faces significant pending litigations primarily concerning direct taxes arising in the ordinary course of business. As of March 31, 2025, the amounts involved are described as significant by auditors, requiring management judgment for provisions.

⚠️ Risk Analysis

Key Uncertainties

Volatility in raw material prices (cotton) could impact margins by over 10-15% if not passed through. Regulatory changes and unfavorable outcomes in tax litigations also pose financial risks.