Gretex Corporate Services Ltd

Gretex Corporate Services Ltd

₹ 575 -1.71%
24 May - close price
About

Incorporated in 2008, Gretex Corporate Services Ltd is in the business of Merchant Banking[1]

Key Points

Business Overview:[1][2][3]
Company is a SEBI Registered Category I Merchant Banker and offers financial and consultancy services in areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory. In FY23, company listed 9 Companies on SME Platform of BSE Limited.

  • Market Cap 662 Cr.
  • Current Price 575
  • High / Low 596 / 185
  • Stock P/E 87.8
  • Book Value 67.8
  • Dividend Yield 0.09 %
  • ROCE 21.1 %
  • ROE 15.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 97.6% CAGR over last 5 years

Cons

  • Stock is trading at 8.47 times its book value
  • Debtor days have increased from 32.2 to 40.6 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
0.96 7.07 2.30 4.71 7.12
1.29 2.04 2.66 2.09 2.46
Operating Profit -0.33 5.03 -0.36 2.62 4.66
OPM % -34.38% 71.15% -15.65% 55.63% 65.45%
0.02 1.04 1.07 0.29 -0.28
Interest 0.09 0.13 0.00 0.00 0.03
Depreciation 0.00 0.31 0.08 0.08 0.24
Profit before tax -0.40 5.63 0.63 2.83 4.11
Tax % 20.00% 19.01% 60.32% 16.61% 32.60%
-0.33 4.56 0.25 2.36 2.77
EPS in Rs -0.29 3.97 0.22 2.05 2.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.36 3.15 1.15 3.14 4.37 14.07 19.44
2.64 2.46 2.11 2.05 2.71 6.07 10.95
Operating Profit -0.28 0.69 -0.96 1.09 1.66 8.00 8.49
OPM % -11.86% 21.90% -83.48% 34.71% 37.99% 56.86% 43.67%
0.18 0.01 0.31 0.11 0.38 -0.05 2.03
Interest 0.23 0.24 0.33 0.30 0.30 0.22 0.03
Depreciation 0.16 0.16 0.16 0.15 0.17 0.25 0.48
Profit before tax -0.49 0.30 -1.14 0.75 1.57 7.48 10.01
Tax % -10.20% 20.00% -1.75% 2.67% 2.55% 24.33% 25.67%
-0.54 0.25 -1.16 0.72 1.52 5.66 7.44
EPS in Rs -0.86 0.40 -1.84 0.80 1.30 4.92 6.46
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 9.05% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 44%
3 Years: 84%
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: 98%
3 Years: 119%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 152%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 20%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.65 0.65 0.65 0.90 1.14 10.24 11.52
Reserves 4.42 4.70 3.54 6.02 11.02 7.58 66.61
2.02 2.70 3.64 2.50 1.97 0.01 0.31
0.71 1.42 1.01 1.34 1.10 5.95 4.03
Total Liabilities 7.80 9.47 8.84 10.76 15.23 23.78 82.47
3.51 3.41 3.28 3.18 3.27 4.02 11.77
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.52 3.90 4.32 5.47 10.08 16.83 65.25
0.77 2.16 1.24 2.11 1.88 2.93 5.45
Total Assets 7.80 9.47 8.84 10.76 15.23 23.78 82.47

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.35 0.18 -0.50 0.54 2.17 9.04 2.53
0.68 -0.43 -0.31 -1.03 -4.73 -7.10 -27.97
-0.36 0.36 0.84 0.58 2.93 -2.16 25.98
Net Cash Flow -0.03 0.11 0.03 0.10 0.38 -0.22 0.54

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 15.47 25.49 50.78 144.14 40.93 15.05 40.56
Inventory Days
Days Payable
Cash Conversion Cycle 15.47 25.49 50.78 144.14 40.93 15.05 40.56
Working Capital Days -7.73 45.19 -63.48 79.04 22.55 -83.01 6.01
ROCE % 7.13% -10.20% 12.17% 15.88% 48.62%

Shareholding Pattern

Numbers in percentages

Sep 2021Mar 2022Sep 2022Oct 2022Mar 2023Sep 2023Mar 2024
73.48% 73.48% 73.48% 73.48% 69.61% 66.24% 66.24%
26.52% 26.52% 26.52% 26.51% 30.39% 33.76% 33.76%
No. of Shareholders 1238482105969241,101

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