Gretex Industries Ltd
Incorporated in 2009, Gretex Industries Ltd is in the business of trading of musical instruments[1]
- Market Cap ₹ 338 Cr.
- Current Price ₹ 228
- High / Low ₹ 290 / 121
- Stock P/E 211
- Book Value ₹ 17.0
- Dividend Yield 0.00 %
- ROCE 5.74 %
- ROE 6.55 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 13.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.36% over last 3 years.
- Earnings include an other income of Rs.1.31 Cr.
- Working capital days have increased from 134 days to 202 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.04 | 3.89 | 3.71 | 2.38 | 8.05 | 14.21 | 11.14 | 9.62 | 13.06 | 21.88 | 31.12 | 32.92 | |
0.07 | 3.03 | 2.71 | 2.22 | 7.70 | 13.98 | 11.42 | 8.74 | 12.89 | 21.10 | 30.74 | 32.43 | |
Operating Profit | -0.03 | 0.86 | 1.00 | 0.16 | 0.35 | 0.23 | -0.28 | 0.88 | 0.17 | 0.78 | 0.38 | 0.49 |
OPM % | -75.00% | 22.11% | 26.95% | 6.72% | 4.35% | 1.62% | -2.51% | 9.15% | 1.30% | 3.56% | 1.22% | 1.49% |
0.19 | 0.16 | 0.04 | -1.44 | 0.08 | 0.08 | 0.22 | -1.00 | 0.28 | 0.15 | 13.23 | 1.31 | |
Interest | 0.05 | 0.26 | 0.21 | 0.16 | 0.12 | 0.12 | 0.05 | 0.01 | 0.04 | 0.07 | 0.25 | 0.55 |
Depreciation | 0.07 | 0.34 | 0.45 | 0.50 | 0.14 | 0.14 | 0.13 | 0.07 | 0.05 | 0.04 | 0.09 | 0.09 |
Profit before tax | 0.04 | 0.42 | 0.38 | -1.94 | 0.17 | 0.05 | -0.24 | -0.20 | 0.36 | 0.82 | 13.27 | 1.16 |
Tax % | 25.00% | 33.33% | 36.84% | -24.23% | 64.71% | 60.00% | -4.17% | 55.00% | -47.22% | 21.95% | 24.79% | -37.07% |
0.03 | 0.28 | 0.24 | -1.47 | 0.06 | 0.02 | -0.23 | -0.32 | 0.54 | 0.64 | 9.98 | 1.60 | |
EPS in Rs | 4.73 | 44.16 | 0.76 | -3.49 | 0.14 | 0.05 | -0.55 | -0.76 | 1.28 | 1.52 | 23.70 | 1.08 |
Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 24% |
5 Years: | 24% |
3 Years: | 36% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 55% |
3 Years: | 44% |
TTM: | 74% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 113% |
3 Years: | 178% |
1 Year: | 79% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.06 | 0.06 | 3.16 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 14.81 |
Reserves | 1.98 | 2.29 | 0.30 | -0.26 | -0.20 | -0.18 | -0.41 | -0.73 | -0.19 | 0.46 | 19.42 | 10.41 |
3.34 | 4.19 | 2.71 | 1.16 | 1.12 | 0.89 | 0.09 | 0.03 | 0.82 | 4.44 | 1.05 | 9.73 | |
0.05 | 0.80 | 0.66 | 0.45 | 0.16 | 0.62 | 1.42 | 0.89 | 0.76 | 0.98 | 4.92 | 4.67 | |
Total Liabilities | 5.43 | 7.34 | 6.83 | 5.56 | 5.29 | 5.54 | 5.31 | 4.40 | 5.60 | 10.09 | 29.60 | 39.62 |
4.45 | 4.69 | 3.80 | 1.33 | 1.20 | 1.08 | 0.79 | 0.08 | 0.05 | 0.71 | 0.64 | 0.77 | |
CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
Investments | 0.22 | 0.22 | 0.69 | 0.69 | 0.23 | -0.00 | -0.00 | -0.00 | 1.32 | 0.68 | 14.11 | 15.51 |
0.76 | 2.43 | 2.34 | 3.54 | 3.86 | 4.46 | 4.52 | 4.32 | 4.23 | 8.70 | 14.85 | 23.34 | |
Total Assets | 5.43 | 7.34 | 6.83 | 5.56 | 5.29 | 5.54 | 5.31 | 4.40 | 5.60 | 10.09 | 29.60 | 39.62 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.73 | 0.81 | 0.04 | -2.15 | -0.36 | 0.32 | 0.75 | -0.18 | 1.37 | -0.25 | 4.72 | -6.41 | |
-3.46 | -0.54 | -0.36 | 1.00 | 0.51 | 0.27 | 0.05 | 0.16 | -1.29 | -0.04 | -4.47 | -1.61 | |
3.06 | -0.44 | 0.38 | 1.12 | -0.13 | -0.52 | -0.47 | -0.04 | -0.04 | -0.07 | -0.25 | 8.13 | |
Net Cash Flow | 0.33 | -0.17 | 0.06 | -0.04 | 0.02 | 0.06 | 0.33 | -0.05 | 0.04 | -0.36 | 0.01 | 0.11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 365.00 | 112.60 | 125.93 | 177.90 | 96.12 | 59.59 | 47.18 | 37.56 | 28.23 | 35.70 | 32.96 | 44.79 |
Inventory Days | 74.17 | 417.83 | 57.63 | 39.10 | 60.53 | 86.86 | 67.35 | 64.40 | 59.64 | 138.19 | ||
Days Payable | 54.65 | 105.66 | 6.75 | 17.01 | 48.64 | 34.23 | 19.24 | 9.17 | 13.12 | 50.71 | ||
Cash Conversion Cycle | 365.00 | 112.60 | 145.45 | 490.07 | 147.01 | 81.68 | 59.07 | 90.19 | 76.34 | 90.93 | 79.48 | 132.28 |
Working Capital Days | 2,372.50 | 99.46 | 125.93 | 384.94 | 148.27 | 86.56 | 75.69 | 108.13 | 74.62 | 87.75 | 111.89 | 201.68 |
ROCE % | 2.37% | 11.41% | 9.28% | -4.79% | 5.66% | 3.38% | -4.31% | 24.59% | 9.58% | 12.76% | 6.98% | 5.74% |
Documents
Announcements
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Updates
21 May 2025 - Gretex Industries Limited has informed regarding 'Outcome of Board meeting held on 20th May 2025 for approval of Audited (Consolidated and Standalone) financial statements for …
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Outcome of Board Meeting
20 May 2025 - Gretex Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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General Updates
16 May 2025 - NSE grants in-principle approval for Gretex's preferential share issue of 2.27 million shares.
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Disclosure under SEBI Takeover Regulations
14 May 2025 - Promoters hold 63.64% shares with no encumbrance as of 31-03-2025, per SEBI regulation 31(4).
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Board Meeting Intimation
13 May 2025 - GRETEX INDUSTRIES LIMITED has informed about Board Meeting to be held on 20-May-2025 to inter-alia consider and approve the Audited Financial results of the Company …
Business Overview:[1][2]
Company is the Sole authorized distributor
of Musical Instruments, Professional Audio
& Audio Visual products in Eastern & North
Eastern India for globally renowned brands.