Gretex Corporate Services Ltd
Incorporated in 2008, Gretex Corporate Services Ltd is in the business of Merchant Banking[1]
- Market Cap ₹ 664 Cr.
- Current Price ₹ 296
- High / Low ₹ 405 / 213
- Stock P/E 48.2
- Book Value ₹ 64.2
- Dividend Yield 0.15 %
- ROCE 12.7 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 66.4% CAGR over last 5 years
Cons
- Company has a low return on equity of 13.0% over last 3 years.
- Promoter holding has decreased over last 3 years: -10.2%
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 2 | 3 | 1 | 3 | 4 | 14 | 21 | 34 | 34 | |
| 3 | 2 | 2 | 2 | 3 | 5 | 11 | 18 | 13 | |
| Operating Profit | -0 | 1 | -1 | 1 | 2 | 9 | 10 | 16 | 21 |
| OPM % | -12% | 22% | -78% | 35% | 38% | 63% | 48% | 46% | 61% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | -0 | 0 | -1 | 1 | 2 | 8 | 10 | 15 | 20 |
| Tax % | 10% | 20% | 2% | 3% | 3% | 22% | 26% | 16% | |
| -1 | 0 | -1 | 1 | 2 | 6 | 7 | 12 | 14 | |
| EPS in Rs | -0.43 | 0.20 | -0.92 | 0.42 | 0.68 | 2.96 | 3.42 | 5.53 | 6.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 8% | 5% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 95% |
| 3 Years: | 97% |
| TTM: | 63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 66% |
| 3 Years: | 102% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 83% |
| 1 Year: | -23% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.65 | 0.65 | 0.65 | 0.90 | 1 | 10 | 12 | 12 | 23 |
| Reserves | 4 | 5 | 4 | 6 | 11 | 31 | 70 | 137 | 123 |
| 2 | 3 | 4 | 2 | 2 | 0 | 0 | 7 | 3 | |
| 1 | 1 | 1 | 1 | 1 | 6 | 2 | 2 | 14 | |
| Total Liabilities | 8 | 9 | 9 | 11 | 15 | 47 | 84 | 158 | 162 |
| 4 | 3 | 3 | 3 | 3 | 4 | 12 | 14 | 13 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 4 | 4 | 5 | 10 | 40 | 69 | 129 | 127 |
| 1 | 2 | 1 | 2 | 2 | 3 | 4 | 16 | 22 | |
| Total Assets | 8 | 9 | 9 | 11 | 15 | 47 | 84 | 158 | 162 |
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 | 12 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 15 | 25 | 49 | 144 | 41 | 15 | 37 | 12 |
| Working Capital Days | -8 | 45 | -62 | 79 | 23 | -83 | 9 | 34 |
| ROCE % | 7% | -10% | 12% | 16% | 31% | 16% | 13% |
Documents
Announcements
-
General Update
2d - RHP filed for Brandman Retail; anchor Feb 3, issue Feb 4–6, listing proposed Feb 11, 2026.
-
Announcement Under Regulation 30 (LODR)-Conversion Of Securities
29 Jan - Allotment of 270,000 equity shares at ₹379 on Jan 29, 2026; promoter converted 262,800.
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
29 Jan - Promoter group sold 257,717 shares for Rs 77.68 million on 27-28 Jan 2026; stake fell to 9.20%.
-
General Updates
27 Jan - In-principle approval for 100,000 warrants convertible into 100,000 shares at ≥Rs300 each (Jan 22, 2026).
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
24 Jan - Bahutex filed SEBI application (24 Jan 2026) to register Category II AIF; Gretex to be designated partner with 50% interest.
Annual reports
Concalls
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Jan 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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.