Gretex Corporate Services Ltd

Gretex Corporate Services Ltd

₹ 395 3.77%
14 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 925 Cr.
  • Current Price 395
  • High / Low 406 / 213
  • Stock P/E 49.0
  • Book Value 105
  • Dividend Yield 0.12 %
  • ROCE 13.9 %
  • ROE 8.58 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Promoter holding has decreased over last quarter: -1.63%
  • Company has a low return on equity of 10.7% over last 3 years.
  • Working capital days have increased from 171 days to 260 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
0.96 7.07 5.31 43.75 53.86 39.61 93.68 65.70 59.87 21.98 79.56 42.16 34.82
1.31 2.08 3.75 20.70 37.87 30.20 77.01 78.15 72.14 20.26 47.81 42.50 25.11
Operating Profit -0.35 4.99 1.56 23.05 15.99 9.41 16.67 -12.45 -12.27 1.72 31.75 -0.34 9.71
OPM % -36.46% 70.58% 29.38% 52.69% 29.69% 23.76% 17.79% -18.95% -20.49% 7.83% 39.91% -0.81% 27.89%
1.12 16.72 0.98 1.85 0.91 0.33 2.58 14.50 -10.55 0.68 -12.20 12.64 -0.57
Interest 0.09 0.13 0.01 0.00 0.01 0.01 -0.11 0.46 0.19 0.24 0.23 0.41 1.07
Depreciation 0.00 0.41 0.09 0.26 0.51 0.41 0.76 0.79 0.68 0.66 0.63 0.60 0.16
Profit before tax 0.68 21.17 2.44 24.64 16.38 9.32 18.60 0.80 -23.69 1.50 18.69 11.29 7.91
Tax % -11.76% 6.00% 15.57% 24.03% 28.33% 25.21% 21.77% -60.00% -11.36% 36.67% 32.96% 40.21% 6.57%
0.76 19.90 2.06 18.72 11.75 6.97 14.56 1.28 -21.00 0.96 12.92 6.86 7.19
EPS in Rs 0.35 9.83 0.94 8.55 4.10 2.29 4.39 1.53 -7.57 0.34 5.06 0.71 2.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2 3 1 3 4 14 117 262 179
3 2 2 2 3 5 68 257 136
Operating Profit -0 1 -1 1 2 9 48 5 43
OPM % -15% 22% -78% 35% 38% 62% 41% 2% 24%
0 0 0 0 0 16 2 4 1
Interest 0 0 0 0 0 0 1 1 2
Depreciation 0 0 0 0 0 0 2 3 2
Profit before tax -0 0 -1 1 2 24 47 5 39
Tax % 10% 20% 1% 4% 3% 9% 22% 64% 30%
-1 0 -2 1 4 22 37 2 28
EPS in Rs -0.58 0.20 -1.27 0.36 1.59 9.83 12.40 0.58 8.05
Dividend Payout % 0% 0% 0% 0% 0% 2% 1% 55% 0%
Compounded Sales Growth
10 Years: %
5 Years: 124%
3 Years: 133%
TTM: -32%
Compounded Profit Growth
10 Years: %
5 Years: 98%
3 Years: -4%
TTM: 1352%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 60%
1 Year: 34%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 11%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.65 0.65 0.65 0.90 1 10 12 12 24
Reserves 4 5 3 5 12 28 97 181 222
2 3 4 2 2 0 4 11 15
1 1 1 1 4 10 63 66 83
Total Liabilities 8 9 8 10 20 48 177 270 344
4 3 3 3 9 10 41 41 30
CWIP 0 0 0 0 0 0 0 0 0
Investments 3 4 4 5 8 33 50 129 159
1 2 1 2 2 5 86 100 155
Total Assets 8 9 8 10 20 48 177 270 344

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 0 -0 1 2 10 -19 -31 -28
1 -0 -0 -1 -4 -8 -37 2 -9
-0 0 1 1 3 -2 67 28 26
Net Cash Flow -0 0 0 0 0 1 12 -2 -11
Free Cash Flow 0 0 -1 0 2 9 -45 -35 -29
CFO/OP 50% 36% 52% 50% 113% 120% -39% -321% -49%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 16 25 49 144 41 15 7 3 21
Inventory Days 380 112 545
Days Payable 0 1 7
Cash Conversion Cycle 16 25 49 144 41 15 386 115 559
Working Capital Days -30 45 -62 79 50 -90 145 109 260
ROCE % 7% -11% 13% 14% 79% 50% 3% 14%

Insights

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Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
SME IPOs Listed (Annual)
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Cumulative IPOs Executed
Number ・Standalone data
Mean IPO Issue Size
INR Crores ・Standalone data
Total Employees
Number ・Standalone data
Mainboard IPOs Listed
Number ・Standalone data
Active Market Making Mandates
Number
Average IPO Oversubscription
Times ・Standalone data
Valuation Mandates Completed
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Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2022Sep 2022Oct 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.48% 73.48% 73.48% 69.61% 66.24% 66.24% 66.24% 64.01% 63.27% 63.27% 63.27% 61.64%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.23% 1.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.27% 0.41%
26.52% 26.52% 26.51% 30.39% 33.76% 33.76% 33.76% 35.98% 36.73% 36.74% 35.23% 36.84%
No. of Shareholders 8482105969241,1011,0081,1591,1861,0121,1521,507

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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