Gretex Industries Ltd

Gretex Industries Ltd

₹ 128 4.98%
22 May - close price
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.

  • Market Cap 53.8 Cr.
  • Current Price 128
  • High / Low 128 / 37.4
  • Stock P/E 5.35
  • Book Value 56.1
  • Dividend Yield 0.00 %
  • ROCE 150 %
  • ROE 215 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 247% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 88.0%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.13.2 Cr.

* 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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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 Mar 2024
6.32 4.83 3.03 6.59 5.32 7.74 10.74 11.14 15.71 15.42
6.33 5.00 3.03 6.30 5.22 7.67 10.50 10.60 15.25 15.49
Operating Profit -0.01 -0.17 0.00 0.29 0.10 0.07 0.24 0.54 0.46 -0.07
OPM % -0.16% -3.52% 0.00% 4.40% 1.88% 0.90% 2.23% 4.85% 2.93% -0.45%
0.05 0.07 -0.50 0.10 0.09 0.19 0.27 -0.13 0.21 13.01
Interest 0.03 0.02 0.01 0.01 0.00 0.04 0.05 0.01 0.09 0.16
Depreciation 0.07 0.06 0.05 0.02 0.02 0.02 0.01 0.02 0.04 0.04
Profit before tax -0.06 -0.18 -0.56 0.36 0.17 0.20 0.45 0.38 0.54 12.74
Tax % -83.33% 27.78% -21.43% 0.00% 0.00% -85.00% -6.67% 55.26% 25.93% 24.80%
-0.10 -0.13 -0.68 0.36 0.17 0.37 0.47 0.17 0.40 9.58
EPS in Rs -0.24 -0.31 -1.61 0.85 0.40 0.88 1.12 0.40 0.95 22.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.10 0.04 3.89 3.71 2.38 8.05 14.21 11.14 9.62 13.06 21.88 31.13
0.08 0.07 3.03 2.71 2.22 7.70 13.98 11.42 8.74 12.89 21.10 30.75
Operating Profit 0.02 -0.03 0.86 1.00 0.16 0.35 0.23 -0.28 0.88 0.17 0.78 0.38
OPM % 20.00% -75.00% 22.11% 26.95% 6.72% 4.35% 1.62% -2.51% 9.15% 1.30% 3.56% 1.22%
0.02 0.19 0.16 0.04 -1.44 0.08 0.08 0.22 -1.00 0.28 0.15 13.23
Interest 0.02 0.05 0.26 0.21 0.16 0.12 0.12 0.05 0.01 0.04 0.07 0.25
Depreciation 0.02 0.07 0.34 0.45 0.50 0.14 0.14 0.13 0.07 0.05 0.04 0.09
Profit before tax 0.00 0.04 0.42 0.38 -1.94 0.17 0.05 -0.24 -0.20 0.36 0.82 13.27
Tax % 25.00% 33.33% 36.84% 24.23% 64.71% 60.00% 4.17% -55.00% -47.22% 21.95% 24.79%
0.00 0.03 0.28 0.24 -1.47 0.06 0.02 -0.23 -0.32 0.54 0.64 9.98
EPS in Rs 0.00 4.73 44.16 0.76 -3.49 0.14 0.05 -0.55 -0.76 1.28 1.52 23.70
Dividend Payout % 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: 95%
5 Years: 17%
3 Years: 48%
TTM: 42%
Compounded Profit Growth
10 Years: 79%
5 Years: 247%
3 Years: 426%
TTM: 1470%
Stock Price CAGR
10 Years: %
5 Years: 84%
3 Years: 128%
1 Year: 134%
Return on Equity
10 Years: 31%
5 Years: 54%
3 Years: 88%
Last Year: 215%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 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 1.16 1.98 2.29 0.30 -0.26 -0.20 -0.18 -0.41 -0.73 -0.19 0.46 19.42
1.02 3.34 4.19 2.71 1.16 1.12 0.89 0.09 0.03 0.82 4.44 1.06
0.00 0.05 0.80 0.66 0.45 0.16 0.62 1.42 0.89 0.76 0.98 4.91
Total Liabilities 2.22 5.43 7.34 6.83 5.56 5.29 5.54 5.31 4.40 5.60 10.09 29.60
0.02 4.45 4.69 3.80 1.33 1.20 1.08 0.79 0.08 0.05 0.71 0.64
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 1.12 0.22 0.22 0.69 0.69 0.23 0.00 0.00 0.00 1.32 0.68 14.11
1.08 0.76 2.43 2.34 3.54 3.86 4.46 4.52 4.32 4.23 8.70 14.85
Total Assets 2.22 5.43 7.34 6.83 5.56 5.29 5.54 5.31 4.40 5.60 10.09 29.60

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.31 0.73 0.81 0.04 -2.15 -0.36 0.32 0.75 -0.18 1.37 -0.25 4.72
-0.35 -3.46 -0.54 -0.36 1.00 0.51 0.27 0.05 0.16 -1.29 -0.04 -4.47
-0.02 3.06 -0.44 0.38 1.12 -0.13 -0.52 -0.47 -0.04 -0.04 -0.07 -0.25
Net Cash Flow -0.07 0.33 -0.17 0.06 -0.04 0.02 0.06 0.33 -0.05 0.04 -0.36 0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 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 0.00 365.00 112.60 145.45 490.07 147.01 81.68 59.07 90.19 76.34 90.93
Working Capital Days 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 % 1.17% 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 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 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 555144464855545454555660

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