---
title: "Glory Films Ltd (GLORY) — Share Price, Financials & Analysis"
symbol: "GLORY"
company: "Glory Films Ltd"
canonical: "https://tapetide.com/stocks/GLORY"
generated_at: "2026-10-13T10:57:55.335Z"
---

# Glory Films Ltd (GLORY)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** glorypolyfilms.com

## About

Glory Films Limited is an India-based company, which is engaged in the business of manufacturing multilayer polyfilms. The Company supplies various laminated structures for food and non-food applications.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.96% over past five years.
- Company has a low return on equity of -12.1% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 263 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -29% | — | — |
| revenue growth | -39% | -12% | 5% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 |
| --- | --- | --- | --- | --- |
| Sales | 20 | 18 | 16 | 16 |
| Expenses | 20 | 18 | 18 | 43 |
| Operating Profit | -1 | -1 | -2 | -27 |
| OPM % | -3 | -3.3 | -10 | -162 |
| Other Income | 0 | 4 | 3 | -10 |
| Interest | 2 | 1 | 0 | 19 |
| Depreciation | 4 | 4 | 4 | 4 |
| Profit before tax | -6 | -1 | -2 | -59 |
| Tax % | 56 | 0 | 0 | -12 |
| Net Profit | -9 | -1 | -2 | -52 |
| EPS in Rs | -1.49 | -0.16 | -0.4 | -8.73 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 36 | 36 | 60 | 79 | 114 | 168 | 125 | 77 | 70 |
| Expenses | 28 | 31 | 53 | 69 | 97 | 148 | 116 | 79 | 99 |
| Operating Profit | 8 | 5 | 7 | 10 | 16 | 19 | 9 | -2 | -29 |
| OPM % | 22 | 14 | 11 | 12 | 14 | 12 | 7 | -2.5 | -42 |
| Other Income | 0 | 2 | 2 | 1 | 1 | 5 | 7 | 0 | -3 |
| Interest | 2 | 4 | 2 | 3 | 7 | 14 | 21 | 7 | 21 |
| Depreciation | 2 | 1 | 1 | 2 | 3 | 9 | 14 | 14 | 14 |
| Profit before tax | 4 | 2 | 5 | 6 | 8 | 2 | -20 | -22 | -68 |
| Tax % | 36 | -70 | 23 | 17 | 47 | 70 | -1 | 14 | — |
| Net Profit | 3 | 4 | 4 | 5 | 4 | 1 | -20 | -25 | -64 |
| EPS in Rs | 2.89 | 3.84 | 2.3 | 2.9 | 1.62 | 0.09 | -3.32 | -4.28 | -10.78 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9 | 9 | 17 | 17 | 24 | 59 | 59 | 59 |
| Reserves | 4 | 8 | 45 | 50 | 63 | 81 | 61 | 35 |
| Borrowings | 27 | 36 | 45 | 101 | 105 | 102 | 110 | 119 |
| Other Liabilities | 13 | 13 | 23 | 24 | 47 | 29 | 45 | 59 |
| Total Liabilities | 54 | 65 | 130 | 192 | 240 | 271 | 275 | 273 |
| Fixed Assets | 21 | 20 | 23 | 91 | 86 | 151 | 137 | 123 |
| CWIP | 0 | 3 | 1 | 4 | 43 | 0 | 0 | 0 |
| Investments | 0 | 0 | 2 | 2 | 2 | 0 | 0 | 0 |
| Other Assets | 33 | 42 | 105 | 96 | 109 | 120 | 138 | 149 |
| Total Assets | 54 | 65 | 130 | 192 | 240 | 271 | 275 | 273 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -2 | -4 | 2 | 24 | -6 | 29 | 7 |
| Cash from Investing Activity | -3 | -2 | -38 | -50 | -34 | -28 | -12 | -10 |
| Cash from Financing Activity | 3 | 4 | 43 | 49 | 10 | 33 | -16 | 3 |
| Net Cash Flow | 0 | 0 | 1 | 1 | 0 | 0 | 2 | 0 |
| Free Cash Flow | -3 | -5 | -5 | -71 | -14 | -35 | 29 | 6 |
| CFO/OP | 5 | -26 | -39 | 34 | 149 | -29 | 330 | -367 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 93 | 134 | 183 | 125 | 88 | 104 | 148 | 263 |
| Inventory Days | 218 | 242 | 108 | 81 | 57 | 54 | 46 | 58 |
| Days Payable | 116 | 143 | 132 | 110 | 129 | 47 | 128 | 223 |
| Cash Conversion Cycle | 195 | 233 | 158 | 97 | 16 | 111 | 66 | 98 |
| Working Capital Days | 207 | 281 | 478 | 318 | 198 | 192 | 225 | 326 |
| ROCE % | — | 13 | 8 | 6 | 8 | 8 | 1 | -7 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 4 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2.91 | Sell |
| EMA (10) | 2.95 | Sell |
| SMA (20) | 3.34 | Sell |
| EMA (20) | 3.33 | Sell |
| SMA (50) | 4.51 | Sell |
| EMA (50) | 4.37 | Sell |
| SMA (100) | 6.27 | Sell |
| EMA (100) | 5.1 | Sell |
| SMA (200) | 5.29 | Sell |
| EMA (200) | 5.44 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.53 | Neutral |
| MACD (12,26,9) | -0.55 | Buy |
| Stochastic (14,3,3) | 11.1 | Buy |
| ADX (14) | 50.57 | Buy |
| Williams %R (14) | -84.48 | Buy |
| ATR (14) | 0.24 | High Volatility |
| ROC (12) | -22.28 | Sell |
| Stoch RSI (14) | 58.06 | Neutral |
| UO (7,14,28) | 33.01 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532857/5328570313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532857/5328570312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532857/5328570311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532857/5328570310.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_GLORY_2009_2010_09092010120000.zip) |

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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 2026-10-13T10:57:55.335Z.