Gretex Corporate Services Ltd
Incorporated in 2008, Gretex Corporate Services Ltd is in the business of Merchant Banking[1]
- Market Cap ₹ 668 Cr.
- Current Price ₹ 295
- High / Low ₹ 461 / 214
- Stock P/E 53.5
- Book Value ₹ 65.9
- Dividend Yield 0.11 %
- ROCE 12.7 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 66.4% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -2.22%
- Company has a low return on equity of 13.0% over last 3 years.
- Earnings include an other income of Rs.13.7 Cr.
- Working capital days have increased from 23.2 days to 144 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 2 | 3 | 1 | 3 | 4 | 14 | 21 | 21 | |
| 3 | 2 | 2 | 2 | 3 | 5 | 11 | 18 | |
| Operating Profit | -0 | 1 | -1 | 1 | 2 | 9 | 10 | 3 |
| OPM % | -12% | 22% | -78% | 35% | 38% | 63% | 49% | 13% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | -0 | 0 | -1 | 1 | 2 | 8 | 10 | 15 |
| Tax % | 10% | 20% | 2% | 3% | 3% | 22% | 26% | 16% |
| -1 | 0 | -1 | 1 | 2 | 6 | 7 | 12 | |
| EPS in Rs | -0.43 | 0.20 | -0.92 | 0.42 | 0.68 | 2.96 | 3.40 | 5.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 8% | 5% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 68% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 66% |
| 3 Years: | 102% |
| TTM: | 68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 188% |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.65 | 0.65 | 0.65 | 0.90 | 1 | 10 | 12 | 12 |
| Reserves | 4 | 5 | 4 | 6 | 11 | 31 | 70 | 137 |
| 2 | 3 | 4 | 2 | 2 | 0 | 0 | 7 | |
| 1 | 1 | 1 | 1 | 1 | 6 | 4 | 2 | |
| Total Liabilities | 8 | 9 | 9 | 11 | 15 | 47 | 86 | 158 |
| 4 | 3 | 3 | 3 | 3 | 4 | 12 | 14 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 4 | 4 | 5 | 10 | 40 | 69 | 129 |
| 1 | 2 | 1 | 2 | 2 | 3 | 5 | 16 | |
| Total Assets | 8 | 9 | 9 | 11 | 15 | 47 | 86 | 158 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -0 | 0 | -0 | 1 | 2 | 9 | 3 | 0 | |
| 1 | -0 | -0 | -1 | -5 | -7 | -28 | -22 | |
| -0 | 0 | 1 | 1 | 3 | -2 | 26 | 26 | |
| Net Cash Flow | -0 | 0 | 0 | 0 | 0 | -0 | 1 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 25 | 49 | 144 | 41 | 15 | 37 | 20 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 15 | 25 | 49 | 144 | 41 | 15 | 37 | 20 |
| Working Capital Days | -8 | 45 | -62 | 79 | 23 | -83 | 9 | 144 |
| ROCE % | 7% | -10% | 12% | 16% | 31% | 16% | 13% |
Documents
Announcements
-
Board Meeting Intimation for Declaration Of Final Dividend For FY 24-25
8h - Board meeting on 21 July 2025 to consider final dividend for FY 2024-25; trading window closed.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Certificate confirming no rematerialisation requests; all shares in demat form for Q1 FY 2025-26.
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2d - SEBI issued show cause notice on July 11, 2025, alleging violations under Merchant Bankers Regulations.
-
Signing Of Mandate With A Manufacturer Of Tip-Trailers Company
10 Jul - Signed mandate with Tip-Trailers manufacturer proposed for main board listing.
-
Signing Of A Mandate With Manufacturer Of Structural Steel
5 Jul - Signed mandate with Pune-based structural steel firm proposed for SME listing.
Annual reports
Concalls
-
Aug 2023TranscriptNotesPPT
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.