---
title: "GB Global Ltd (GBGLOBAL) — Share Price, Financials & Analysis"
symbol: "GBGLOBAL"
company: "GB Global Ltd"
canonical: "https://tapetide.com/stocks/GBGLOBAL"
isin: "INE087J01028"
nse_symbol: "GBGLOBAL"
bse_code: "533204"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:23:20.024Z"
---

# GB Global Ltd (GBGLOBAL)

Canonical page: https://tapetide.com/stocks/GBGLOBAL

## Company

- **NSE Symbol:** GBGLOBAL
- **BSE Code:** 533204
- **ISIN:** INE087J01028
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2010-05-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mandhana.com

## About

GB Global is a manufactures, supplies, and exports textile and apparel products.

## Latest Price

- **Price:** ₹9.3
- **Change:** 0 (0%)
- **Open:** ₹9.75
- **Day High:** ₹10.2
- **Day Low:** ₹9.3
- **Previous Close:** ₹9.3
- **Volume:** 0

## Key Insights

### Strengths

- Stock is trading at 0.01 times its book value
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.0%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Contingent liabilities of Rs.3.24 Cr.
- Earnings include an other income of Rs.51.6 Cr.
- Debtor days have increased from 83.1 to 123 days.
- Working capital days have increased from 299 days to 661 days

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 28% | 74% |
| revenue growth | 31% | 4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 51 | 54 | 69 | 27 | 35 | 63 | 66 | 13 | 23 | 25 | 81 | 103 |
| Expenses | 57 | 60 | 63 | 30 | 36 | 49 | 45 | 27 | 29 | 35 | 60 | 58 |
| Operating Profit | -6 | -6 | 6 | -3 | -1 | 14 | 21 | -14 | -6 | -10 | 21 | 45 |
| OPM % | -12 | -12 | 8 | -10 | -1.6 | 23 | 32 | -102 | -24 | -40 | 26 | 44 |
| Other Income | 1 | 17 | 44 | 65 | 10 | 26 | -5 | 32 | 10 | 17 | 8 | 16 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 6 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 3 | 3 | 2 |
| Profit before tax | -12 | 6 | 44 | 57 | 4 | 35 | 11 | 15 | 1 | 4 | 26 | 59 |
| Tax % | 0 | 0 | -15 | 1 | 28 | -3 | -2 | 14 | 71 | 32 | -140 | 64 |
| Net Profit | -12 | 6 | 51 | 56 | 3 | 36 | 11 | 13 | 0 | 2 | 63 | 21 |
| EPS in Rs | -35.18 | 16.78 | 154.18 | 170.11 | 8.06 | 109.34 | 32.62 | 38.05 | 0 | 7.42 | 190.69 | 62.82 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 75 | 128 | 219 | 191 | 142 | 232 |
| Expenses | 111 | 162 | 220 | 147 | 150 | 181 |
| Operating Profit | -36 | -34 | -1 | 44 | -8 | 50 |
| OPM % | -49 | -27 | -0.5 | 23 | -6 | 22 |
| Other Income | 1178 | 90 | 57 | 83 | 68 | 52 |
| Interest | 2 | 1 | 1 | 2 | 1 | 1 |
| Depreciation | 37 | 29 | 21 | 19 | 14 | 12 |
| Profit before tax | 1104 | 26 | 33 | 107 | 45 | 89 |
| Tax % | -1 | -1 | -20 | 1 | -73 | — |
| Net Profit | 1111 | 26 | 40 | 106 | 78 | 86 |
| EPS in Rs | 3351.84 | 79.84 | 121.26 | 320.13 | 236.16 | 260.93 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 50 | 50 | 50 | 50 | 50 |
| Reserves | 162 | 189 | 229 | 335 | 396 |
| Borrowings | 227 | 34 | 41 | 55 | 69 |
| Other Liabilities | 174 | 278 | 343 | 429 | 459 |
| Total Liabilities | 613 | 551 | 662 | 869 | 975 |
| Fixed Assets | 390 | 267 | 231 | 184 | 122 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 6 | 141 | 156 |
| Other Assets | 223 | 284 | 426 | 543 | 696 |
| Total Assets | 613 | 551 | 662 | 869 | 975 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -156 | -105 | 13 | 90 | 38 |
| Cash from Investing Activity | 10 | 145 | 5 | -123 | 33 |
| Cash from Financing Activity | 149 | -41 | 6 | 12 | -32 |
| Net Cash Flow | 3 | -2 | 24 | -22 | 39 |
| Free Cash Flow | -145 | 31 | 23 | 138 | 89 |
| CFO/OP | 422 | 288 | -1789 | 214 | -562 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 45 | 21 | 49 | 78 | 123 |
| Inventory Days | — | 1590 | 881 | 5962 | 1769 |
| Days Payable | — | 297 | 200 | 1382 | 397 |
| Cash Conversion Cycle | 45 | 1313 | 731 | 4657 | 1495 |
| Working Capital Days | -234 | 92 | 118 | 117 | 661 |
| ROCE % | — | -7 | 13 | 24 | 10 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 57.61% | 32.03% | 32.03% | 32.01% | 32.01% | 32.01% | 31.99% | 99.96% | 99.93% | 99.93% | 99.93% |
| FIIs | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 2.09% | 2.09% | 2.08% | 2.08% | 1.99% | 1.99% | 1.99% | 0% | 0% | 0% | 0% |
| Public | 40.29% | 65.88% | 65.89% | 65.91% | 66% | 66% | 66.02% | 0.04% | 0.06% | 0.06% | 0.06% |
| No. of Shareholders | 14311 | 15103 | 14466 | 14287 | 13142 | 12893 | 3628 | 3629 | 3628 | 3628 | 3628 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 99.96% | 99.96% | 99.96% | 99.96% | 99.96% | 99.96% | 99.93% | 99.93% | 99.93% | 99.93% | 99.93% | 99.93% |
| Public | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| No. of Shareholders | 3629 | 3629 | 3629 | 3628 | 3628 | 3628 | 3628 | 3628 | 3628 | 3628 | 3628 | 3628 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 7 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 175.08 | Sell |
| EMA (10) | 170.22 | Sell |
| SMA (20) | 163.62 | Buy |
| EMA (20) | 168.53 | Sell |
| SMA (50) | 170.83 | Sell |
| EMA (50) | 160.72 | Buy |
| SMA (100) | 134.18 | Buy |
| EMA (100) | 139.05 | Buy |
| SMA (200) | 90.59 | Buy |
| EMA (200) | 108.6 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.81 | Neutral |
| MACD (12,26,9) | 2.25 | Sell |
| Stochastic (14,3,3) | 62.97 | Neutral |
| ADX (14) | 17.18 | Neutral |
| Williams %R (14) | -52.84 | Neutral |
| ATR (14) | 5.77 | High Volatility |
| ROC (12) | 4.93 | Buy |
| Stoch RSI (14) | 20.52 | Neutral |
| UO (7,14,28) | 35.47 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of The Board Meeting (06/2026-27) Held On 03Rd September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b71a4310-64e9-4948-82af-0c1dddff95e7.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=00ec12a1-f8ab-45c8-bedc-f0342b125167.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67f73fed-0446-40f7-874f-15b53c2f468b.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of The Board Meeting For Today I.E.13Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a5477f85-4901-4ed3-9a23-492a058bdc2e.pdf) |
| 2026-08-13 | [Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96ec2a32-327c-4525-b3c6-05cd6d6859bf.pdf) |
| 2026-08-05 | [Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of GB Global Limited (The Company) For The Quarter Ended 30 June 2026 And Other Important Matters.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01c82e73-8292-479a-8baf-dfd0768e6a44.pdf) |
| 2026-07-22 | [Intimation Regarding The Order Passed By The HonBle National Company Law Tribunal Mumbai Bench) On 21St July 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=781d0872-dfb1-4418-8968-9789740850d4.pdf) |
| 2026-07-20 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f17de7a-74ec-4065-9eb2-3ffb153209ae.pdf) |
| 2026-07-17 | [Board Meeting Outcome for Outcome Of The Board Meeting (04/2026-27) I.E. 17July 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d358ca9-ae0e-412b-8781-7c0bc6ffe095.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=180a944f-2d9f-4a26-8141-a1f32dea275f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Board meeting on 30 April 2026 to approve cost audit reports and FY2026-27 related-party transactions. | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 30Th April, 2026 9h - Board meeting on 30 April 2026 to approve cost audit reports and FY2026-27 related-party transactions.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f5758c2a-6188-4311-8b2c-67689c902a02.pdf) |
| 7 Apr - Submission of Certificate under Regulation 74(5) of SEBI(Depositories and Participants) Regulations, 2018 for the quarter and year ended 31st March 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Submission of Certificate under Regulation 74(5) of SEBI(Depositories and Participants) Regulations, 2018 for the quarter and year ended 31st March 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93c41859-2ac0-46d4-8ade-5ee3dc2cbd1c.pdf) |
| 5 Feb - Board to approve unaudited standalone/consolidated results for quarter and nine months ended 31 Dec 2025 on 13 Feb 2026. | [Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of GB Global Limited ('The Company') For The Quarter And Nine Months Ended 31St December, 2025 5 Feb - Board to approve unaudited standalone/consolidated results for quarter and nine months ended 31 Dec 2025 on 13 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb2dcb73-0813-414f-b910-1139d41abed9.pdf) |
| 30 Apr - GB Global confirms on 24 Apr 2026 it is not a Large Corporate; annual disclosure filed. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 30 Apr - GB Global confirms on 24 Apr 2026 it is not a Large Corporate; annual disclosure filed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4dbdd9ad-89d5-45b9-aebb-ef860d20fb5d.pdf) |
| 30 Apr - GB Global confirms on 24 Apr 2026 it is not a Large Corporate; annual disclosure filed. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 30 Apr - GB Global confirms on 24 Apr 2026 it is not a Large Corporate; annual disclosure filed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4dbdd9ad-89d5-45b9-aebb-ef860d20fb5d.pdf) |
| 30 Apr - GB Global confirms it does not fall under SEBI Large Corporate framework on 24 April 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - GB Global confirms it does not fall under SEBI Large Corporate framework on 24 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92034895-a771-4266-9f6b-31e0fc05672a.pdf) |
| 30 Apr - GB Global confirms it does not fall under SEBI Large Corporate framework on 24 April 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - GB Global confirms it does not fall under SEBI Large Corporate framework on 24 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/92034895-a771-4266-9f6b-31e0fc05672a.pdf) |
| 30 Apr - Board meeting on 30 April 2026 approved cost audit reports and related party transactions for FY2026-27. | [Board Meeting Outcome for Outcome Of The Board Meeting (01/2026-27) I.E., 30Th April, 2026 30 Apr - Board meeting on 30 April 2026 approved cost audit reports and related party transactions for FY2026-27.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f18eb761-3cd2-479a-b42a-0603de370960.pdf) |
| 30 Apr - Board meeting on 30 April 2026 approved cost audit reports and related party transactions for FY2026-27. | [Board Meeting Outcome for Outcome Of The Board Meeting (01/2026-27) I.E., 30Th April, 2026 30 Apr - Board meeting on 30 April 2026 approved cost audit reports and related party transactions for FY2026-27.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f18eb761-3cd2-479a-b42a-0603de370960.pdf) |
| 28 Jan - Copy of Advertisement published in Newspaper(s)- Notice of Joint Petition as per the order of Hon''ble National Company Law Tribunal, Mumbai bench | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Jan - Copy of Advertisement published in Newspaper(s)- Notice of Joint Petition as per the order of Hon''ble National Company Law Tribunal, Mumbai bench](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b333c11-168d-4092-abb5-4be5bd45a8f1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MANDHANA_2010_2011_20092011035555.zip) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/67699533204.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/533204/5332040312.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:23:20.024Z.