Gretex Industries Ltd

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.

  • Market Cap 27.3 Cr.
  • Current Price 64.8
  • High / Low 64.8 / 37.4
  • Stock P/E 36.8
  • Book Value 12.3
  • Dividend Yield 0.00 %
  • ROCE 13.0 %
  • ROE 14.7 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 5.27 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
6.59 5.32 7.74 11.87 10.87 17.74
6.30 5.22 7.68 11.54 10.31 17.08
Operating Profit 0.29 0.10 0.06 0.33 0.56 0.66
OPM % 4.40% 1.88% 0.78% 2.78% 5.15% 3.72%
0.10 0.09 0.20 0.23 -0.13 0.25
Interest 0.01 0.00 0.04 0.05 0.02 0.09
Depreciation 0.02 0.02 0.02 0.01 0.02 0.04
Profit before tax 0.36 0.17 0.20 0.50 0.39 0.78
Tax % 0.00% 0.00% -85.00% 0.00% 56.41% 26.92%
0.36 0.17 0.37 0.50 0.17 0.57
EPS in Rs 0.85 0.40 0.88 1.19 0.40 1.35
Raw PDF
Upcoming result date: 30 April 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023 TTM
3.71 2.38 9.62 13.06 22.74 28.61
2.71 2.22 8.74 12.89 21.85 27.39
Operating Profit 1.00 0.16 0.88 0.17 0.89 1.22
OPM % 26.95% 6.72% 9.15% 1.30% 3.91% 4.26%
0.04 -1.56 -1.00 0.28 0.10 0.12
Interest 0.21 0.16 0.01 0.04 0.07 0.11
Depreciation 0.45 0.50 0.07 0.05 0.04 0.06
Profit before tax 0.38 -2.06 -0.20 0.36 0.88 1.17
Tax % 36.84% 22.82% -55.00% -47.22% 23.86%
0.24 -1.59 -0.32 0.54 0.66 0.74
EPS in Rs 0.76 -3.78 -0.76 1.28 1.52 1.75
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: 61%
3 Years: 82%
1 Year: 36%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.16 4.21 4.21 4.21 4.21 4.21
Reserves 0.30 -0.39 -0.73 -0.19 0.46 0.96
2.71 1.16 0.03 0.82 4.44 10.53
0.66 0.45 0.89 1.15 1.56 2.54
Total Liabilities 6.83 5.43 4.40 5.99 10.67 18.24
3.80 1.33 0.08 0.05 0.71 0.69
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.69 0.57 0.00 0.00 0.02 6.45
2.34 3.53 4.32 5.94 9.94 11.10
Total Assets 6.83 5.43 4.40 5.99 10.67 18.24

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
0.05 -2.28 -0.18 -0.28 0.40
-0.36 1.12 0.16 0.38 -0.68
0.38 1.12 -0.04 -0.04 -0.07
Net Cash Flow 0.06 -0.04 -0.05 0.06 -0.36

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
Debtor Days 125.93 177.90 37.56 28.23 34.35
Inventory Days 74.17 417.83 86.86 108.94 68.26
Days Payable 54.65 105.66 34.23 19.24 8.88
Cash Conversion Cycle 145.45 490.07 90.19 117.93 93.73
Working Capital Days 125.93 384.94 108.13 120.74 100.64
ROCE % -7.00% 9.21% 12.97%

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

Documents