Gretex Industries Ltd

₹ 64.8 4.94%

12 Mar 2024

About

Incorporated in 2009, Gretex Industries Ltd is in the business of trading of musical instruments^[1]

Key Points

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.

Website NSE - ST

Market Cap ₹ 27.3 Cr.
Current Price ₹ 64.8
High / Low ₹ 64.8 / 37.4
Stock P/E 47.8
Book Value ₹ 12.0
Dividend Yield 0.00 %
ROCE 12.8 %
ROE 14.7 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 9.46% over last 3 years.

* 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: Trading Industry: Trading

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Detailed Comparison with:

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023
	6.32	4.83	3.03	6.59	5.32	7.74	10.74	11.14	15.71
	6.33	5.00	3.03	6.30	5.22	7.67	10.50	10.60	15.25
Operating Profit	-0.01	-0.17	0.00	0.29	0.10	0.07	0.24	0.54	0.46
OPM %	-0.16%	-3.52%	0.00%	4.40%	1.88%	0.90%	2.23%	4.85%	2.93%
	0.05	0.07	-0.50	0.10	0.09	0.19	0.27	-0.13	0.21
Interest	0.03	0.02	0.01	0.01	0.00	0.04	0.05	0.01	0.09
Depreciation	0.07	0.06	0.05	0.02	0.02	0.02	0.01	0.02	0.04
Profit before tax	-0.06	-0.18	-0.56	0.36	0.17	0.20	0.45	0.38	0.54
Tax %	-83.33%	27.78%	-21.43%	0.00%	0.00%	-85.00%	-6.67%	55.26%	25.93%
	-0.10	-0.13	-0.68	0.36	0.17	0.37	0.47	0.17	0.40
EPS in Rs	-0.24	-0.31	-1.61	0.85	0.40	0.88	1.12	0.40	0.95
Raw PDF

Upcoming result date: 30 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	0.07	0.10	0.04	3.89	3.71	2.38	8.05	14.21	11.14	9.62	13.06	21.88	26.85
	0.10	0.08	0.07	3.03	2.71	2.22	7.70	13.98	11.42	8.74	12.89	21.10	25.85
Operating Profit	-0.03	0.02	-0.03	0.86	1.00	0.16	0.35	0.23	-0.28	0.88	0.17	0.78	1.00
OPM %	-42.86%	20.00%	-75.00%	22.11%	26.95%	6.72%	4.35%	1.62%	-2.51%	9.15%	1.30%	3.56%	3.72%
	0.04	0.02	0.19	0.16	0.04	-1.44	0.08	0.08	0.22	-1.00	0.28	0.15	0.08
Interest	0.00	0.02	0.05	0.26	0.21	0.16	0.12	0.12	0.05	0.01	0.04	0.07	0.10
Depreciation	0.01	0.02	0.07	0.34	0.45	0.50	0.14	0.14	0.13	0.07	0.05	0.04	0.06
Profit before tax	0.00	0.00	0.04	0.42	0.38	-1.94	0.17	0.05	-0.24	-0.20	0.36	0.82	0.92
Tax %			25.00%	33.33%	36.84%	24.23%	64.71%	60.00%	4.17%	-55.00%	-47.22%	21.95%
	0.00	0.00	0.03	0.28	0.24	-1.47	0.06	0.02	-0.23	-0.32	0.54	0.64	0.57
EPS in Rs	0.00	0.00	4.73	44.16	0.76	-3.49	0.14	0.05	-0.55	-0.76	1.28	1.52	1.35
Dividend Payout %			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:	71%
5 Years:	22%
3 Years:	25%
TTM:	45%

Compounded Profit Growth
10 Years:	%
5 Years:	61%
3 Years:	68%
TTM:	-32%

Stock Price CAGR
10 Years:	%
5 Years:	61%
3 Years:	82%
1 Year:	36%

Return on Equity
10 Years:	5%
5 Years:	5%
3 Years:	9%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	0.04	0.04	0.06	0.06	3.16	4.21	4.21	4.21	4.21	4.21	4.21	4.21	4.21
Reserves	1.15	1.16	1.98	2.29	0.30	-0.26	-0.20	-0.18	-0.41	-0.73	-0.19	0.46	0.86
	0.00	1.02	3.34	4.19	2.71	1.16	1.12	0.89	0.09	0.03	0.82	4.44	10.53
	0.00	0.00	0.05	0.80	0.66	0.45	0.16	0.62	1.42	0.89	0.76	0.98	1.08
Total Liabilities	1.19	2.22	5.43	7.34	6.83	5.56	5.29	5.54	5.31	4.40	5.60	10.09	16.68
	0.03	0.02	4.45	4.69	3.80	1.33	1.20	1.08	0.79	0.08	0.05	0.71	0.69
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	0.00
Investments	0.81	1.12	0.22	0.22	0.69	0.69	0.23	0.00	0.00	0.00	1.32	0.68	7.95
	0.35	1.08	0.76	2.43	2.34	3.54	3.86	4.46	4.52	4.32	4.23	8.70	8.04
Total Assets	1.19	2.22	5.43	7.34	6.83	5.56	5.29	5.54	5.31	4.40	5.60	10.09	16.68

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-0.10	0.31	0.73	0.81	0.04	-2.15	-0.36	0.32	0.75	-0.18	1.37	-0.25
	0.19	-0.35	-3.46	-0.54	-0.36	1.00	0.51	0.27	0.05	0.16	-1.29	-0.04
	0.00	-0.02	3.06	-0.44	0.38	1.12	-0.13	-0.52	-0.47	-0.04	-0.04	-0.07
Net Cash Flow	0.09	-0.07	0.33	-0.17	0.06	-0.04	0.02	0.06	0.33	-0.05	0.04	-0.36

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	0.00	0.00	365.00	112.60	125.93	177.90	96.12	59.59	47.18	37.56	28.23	35.70
Inventory Days					74.17	417.83	57.63	39.10	60.53	86.86	67.35	64.40
Days Payable					54.65	105.66	6.75	17.01	48.64	34.23	19.24	9.17
Cash Conversion Cycle	0.00	0.00	365.00	112.60	145.45	490.07	147.01	81.68	59.07	90.19	76.34	90.93
Working Capital Days	1,303.57	3,577.00	2,372.50	99.46	125.93	384.94	148.27	86.56	75.69	108.13	74.62	87.75
ROCE %	-1.68%	1.17%	2.37%	11.41%	9.28%	-4.79%	5.66%	3.38%	-4.31%	24.59%	9.58%	12.76%

Shareholding Pattern

Numbers in percentages

	Sep 2018	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.99%	52.99%	52.99%	52.99%
	47.01%	47.02%	47.01%	47.01%	47.01%	47.01%	47.01%	47.02%	47.01%	47.01%	47.01%	47.01%
No. of Shareholders	55	51	44	46	48	55	54	54	54	55	56	60

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.99%	52.99%
	47.01%	47.01%	47.02%	47.01%	47.01%	47.02%	47.01%	47.01%
No. of Shareholders	70	56	51	46	55	54	55	60

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