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Glovis India
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Registered Details

GLOVIS INDIA PRIVATE LIMITED

india.glovis.net

Active

Updated: 21 Oct 2024

Glovis India Private Limited, is an unlisted private company incorporated on 23 February, 2006. It is classified as a private limited company and is located in Kancheepuram, Tamil Nadu. It's authorized share capital is INR 12.00 cr and the total paid-up capital is INR 11.70 cr.

Glovis India's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 145.8% over the previous year. At the same time, it's book networth has increased by 12.64%.

Industry

Business Services

Products

transportation, packing and labeling of Automobile, Paper, Heavy Engineering, Steel, stevedoring, Electronics, Parts, warehousing, Glass, Paint etc.

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

-11.2%

₹ 3,782.7

EBITDA

-4.59%

₹ 248.4

Net Profit

-4.97%

₹ 211.9

Networth

5.19%

₹ 1,249.0

Borrowings

-15.73%

₹ 323.6

Assets

3.77%

₹ 1,960.9

Gross Margin

-0.84

43.8 %

Operating Margin

0.49

6.7 %

Net Profit Margin

0.36

5.6 %

Return on Equity

-1.81

17.0 %

ROCE

-2.78

17.7 %

Debt to Equity

-0.06

0.3

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (8)

State	Type	Address

Locations on Map

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

LOW INVENTORY
REVENUE DECLINE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	3,802.4	3,156.7	3,352.4	4,187.0	3,703.2
Operating profit	178.4	129.2	105.9	260.4	248.4
Net profit	153.2	105.3	78.7	223.0	211.9
Gross margin	34.2	39.0	40.9	44.6	43.8
Operating margin	4.7	4.1	3.2	6.2	6.7
Net margin	4.0	3.3	2.3	5.2	5.6
Networth	869.9	975.0	1,054.2	1,187.4	1,249.0
Borrowings	322.9	367.8	302.1	384.0	323.6
Assets	1,453.4	1,689.1	1,638.2	1,889.6	1,960.9
Debt to equity	0.4	0.4	0.3	0.3	0.3
Current ratio	2.0	1.9	2.3	2.3	2.3
ROE	17.6	10.8	7.5	18.8	17.0
Days payable	33.0	62.0	49.0	47.0	64.0
WC days	53.0	78.0	84.0	78.0	91.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	11.7	11.7	11.7	11.7	11.7
Reserves	858.2	963.3	1,042.5	1,175.7	1,237.3
Borrowings +	322.9	367.8	302.1	384.0	323.6
Long term borrowings	-	-	-	-	-
Short term borrowings	322.9	367.8	302.1	384.0	323.6
Trade payables +	227.6	326.1	263.7	298.8	363.0
Days payable	33.0	62.0	49.0	47.0	64.0
Other liabilities +	260.7	346.3	281.9	318.1	388.3
Other non-current liabilities	5.2	3.8	4.2	6.5	7.9
Other current liabilities	27.8	16.4	14.0	12.8	17.3
Total liabilities	1,453.4	1,689.1	1,638.2	1,889.6	1,960.9
Fixed Assets +	261.9	241.9	237.9	240.0	269.2
Tangible assets	242.2	240.0	222.5	237.7	259.5
CWIP	0.7	0.3	0.7	-	7.9
Intangible assets	19.0	1.6	14.8	2.2	1.8
LT loans and advances	0.6	-	-	-	-
Other non-current assets	57.7	60.1	48.9	57.7	59.7
Current assets +	1,133.2	1,387.1	1,351.4	1,591.9	1,632.0
Inventories	80.7	131.5	135.4	102.7	90.8
Trade receivables	514.9	583.5	532.4	643.5	579.5
Cash and cash equivalents	383.5	441.0	550.7	688.8	754.7
ST loans and advances	-	-	-	-	-
Other current assets	154.1	231.0	132.8	156.9	207.0
Total assets	1,453.4	1,689.1	1,638.2	1,889.6	1,960.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.81	0.69	0.71	0.62	0.6
Reserves	59.04	57.03	63.63	62.22	63.1
Borrowings +	22.21	21.77	18.44	20.32	16.5
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	22.21	21.77	18.44	20.32	16.5
Trade payables	15.66	19.31	16.1	15.81	18.51
Other liabilities +	17.94	20.5	17.21	16.84	19.8
Other non-current liabilities	0.36	0.22	0.26	0.35	0.4
Other current liabilities	1.92	0.97	0.85	0.68	0.88
Total liabilities
Fixed Assets +	18.02	14.32	14.52	12.7	13.73
Tangible assets	16.66	14.21	13.58	12.58	13.23
CWIP	0.05	0.02	0.04	0.0	0.4
Intangible assets	1.31	0.1	0.9	0.12	0.09
LT loans and advances	0.04	0.0	0.0	0.0	0.0
Other non-current assets	3.97	3.56	2.99	3.05	3.05
Current assets +	77.97	82.12	82.49	84.25	83.23
Inventories	5.55	7.79	8.27	5.44	4.63
Trade receivables	35.43	34.55	32.5	34.05	29.55
Cash and cash equivalents	26.39	26.11	33.62	36.45	38.49
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	10.6	13.68	8.11	8.3	10.55
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	3,802.4	3,156.7	3,352.4	4,187.0	3,703.2
Sales growth %	1.97	-16.98	6.2	24.9	-11.55
Expenses +	3,649.0	3,058.7	3,276.3	3,961.8	3,506.4
Cost of goods	2,502.1	1,924.9	1,982.6	2,317.9	2,081.2
Employee cost	45.0	46.2	54.3	56.7	68.8
Other costs	1,076.9	1,056.4	1,209.5	1,551.9	1,304.7
Operating profit +	178.4	129.2	105.9	260.4	248.4
Operating margin %	4.7	4.1	3.2	6.2	6.7
Other income	59.2	45.6	35.0	72.7	79.5
Interest	6.8	2.6	1.1	7.9	15.5
Depreciation	18.2	28.7	28.7	27.3	36.1
Exceptional items	-	-	-	-	-
Profit before tax	212.6	143.6	111.1	297.8	276.2
Tax	59.4	38.3	32.4	74.8	64.3
Profit - disc. ops	-	-	-	-	-
Net profit	153.2	105.3	78.7	223.0	211.9
Net margin %	4.0	3.3	2.3	5.2	5.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.47	98.58	98.97	98.29	97.9
Expenses +	94.5	95.52	96.72	93.01	92.7
Cost of goods	64.79	60.11	58.53	54.42	55.02
Employee cost	1.17	1.44	1.6	1.33	1.82
Other costs	27.89	32.99	35.71	36.43	34.49
Operating profit	4.62	4.03	3.13	6.11	6.57
Other income	1.53	1.42	1.03	1.71	2.1
Interest	0.18	0.08	0.03	0.18	0.41
Depreciation	0.47	0.89	0.85	0.64	0.96
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	5.5	4.48	3.28	6.99	7.3
Tax	1.54	1.19	0.96	1.76	1.7
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	3.97	3.29	2.32	5.24	5.6

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.4	0.4	0.3	0.3	0.3
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.2	0.2	0.2	0.2	0.2
Total Assets/Equity	1.7	1.7	1.6	1.6	1.6
Liquidity +
Current Ratio	2.0	1.9	2.3	2.3	2.3
Quick Ratio	1.8	1.8	2.1	2.1	2.2
Interest Coverage	26.1	50.2	96.1	33.1	16.0
Performance
Gross Margin	34.2	39.0	40.9	44.6	43.8
Operating Margin	4.7	4.1	3.2	6.2	6.7
Net Margin	4.0	3.3	2.3	5.2	5.6
Return +
Return on Equity	17.6	10.8	7.5	18.8	17.0
Pre-tax ROCE	19.6	10.9	7.7	20.5	17.7
Return on Assets	10.5	6.2	4.8	11.8	10.8
Pre-tax ROIC	18.4	10.3	7.3	19.6	17.0
Efficiency +
Days Payable	33.0	62.0	49.0	47.0	64.0
Days Inventory	12.0	25.0	25.0	16.0	16.0
Days Receivable	49.0	67.0	58.0	56.0	57.0
Fixed Asset Turnover	14.5	13.1	14.1	17.4	13.8
Total Asset Turnover	2.6	1.9	2.0	2.2	1.9
Working Capital
Cash Conversion Cycle	28.0	30.0	34.0	25.0	9.0
Working Capital Days	53.0	78.0	84.0	78.0	91.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation	Name	DIN/PAN	Tenure
Alternate Director	Sunghoon Jung Shareholder	08695609	5 years
Director	Hyo Yoel Shim	08929898	5 years
Director	Byong Soo Kim	09525081	3 years
Director	Kwang Hee Han	09525139	3 years
CS	Divya Ann Mathew	<HIDDEN>	6 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
GLOVIS INDIA ANANTAPUR PRIVATE LIMITED	Active	15.2 Cr	1	Andhra Pradesh

Registered Details

CIN

U74900TN2006PTC058975

PAN

AACCG5453E

Incorporation

2006, 19.2 years

Company Email

divyaann.m@glovis.co.in

Paid up Capital

₹ 11.7 Cr

Authorised Capital

₹ 12.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - GLOVIS INDIA PRIVATE LIMITED

What is the incorporation date of GLOVIS INDIA PRIVATE LIMITED?

The incorporation date of GLOVIS INDIA PRIVATE LIMITED is 23 February, 2006

What is the authorized share capital of GLOVIS INDIA PRIVATE LIMITED?

The authorized share capital of GLOVIS INDIA PRIVATE LIMITED is INR ₹ 12.0 Cr.

What is the paid-up capital of GLOVIS INDIA PRIVATE LIMITED?

The paid-up capital of GLOVIS INDIA PRIVATE LIMITED is INR ₹ 11.7 Cr.

What is the registered address of GLOVIS INDIA PRIVATE LIMITED?

The registered address of GLOVIS INDIA PRIVATE LIMITED is Plot No. 109, Mannur Village Sriperumbudur Kancheepuram Tamil Nadu - 602105

What is the CIN number of GLOVIS INDIA PRIVATE LIMITED?

The CIN number of GLOVIS INDIA PRIVATE LIMITED is U74900TN2006PTC058975.

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