Gretex Corporate Services Ltd
Incorporated in 2008, Gretex Corporate Services Ltd is in the business of Merchant Banking[1]
- Market Cap ₹ 584 Cr.
- Current Price ₹ 490
- High / Low ₹ 617 / 188
- Stock P/E 13.5
- Book Value ₹ 171
- Dividend Yield 0.12 %
- ROCE 50.2 %
- ROE 37.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 156% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.0%
- Promoter holding has increased by 2.22% over last quarter.
Cons
- Promoter holding has decreased over last 3 years: -7.24%
- Working capital days have increased from 36.7 days to 150 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.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 2 | 3 | 1 | 3 | 4 | 14 | 113 | 231 | |
| 3 | 2 | 2 | 2 | 3 | 5 | 65 | 163 | |
| Operating Profit | -0 | 1 | -1 | 1 | 2 | 9 | 48 | 68 |
| OPM % | -15% | 22% | -78% | 35% | 38% | 62% | 43% | 29% |
| 0 | 0 | 0 | 0 | 0 | 16 | 2 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Profit before tax | -0 | 0 | -1 | 1 | 2 | 24 | 47 | 71 |
| Tax % | 10% | 20% | 1% | 4% | 3% | 9% | 22% | |
| -1 | 0 | -2 | 1 | 4 | 22 | 37 | 52 | |
| EPS in Rs | -1.16 | 0.40 | -2.54 | 0.69 | 3.05 | 18.63 | 23.58 | 36.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 2% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 105% |
| 3 Years: | 230% |
| TTM: | 705% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 156% |
| 3 Years: | 254% |
| TTM: | 28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 181% |
| 1 Year: | 151% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 48% |
| Last Year: | 37% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.65 | 0.65 | 0.65 | 0.90 | 1 | 10 | 12 | 12 |
| Reserves | 4 | 5 | 3 | 5 | 12 | 28 | 97 | 191 |
| 2 | 3 | 4 | 2 | 2 | 0 | 4 | 7 | |
| 1 | 1 | 1 | 1 | 4 | 10 | 63 | 81 | |
| Total Liabilities | 8 | 9 | 8 | 10 | 20 | 48 | 177 | 291 |
| 4 | 3 | 3 | 3 | 9 | 10 | 41 | 43 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 4 | 4 | 5 | 8 | 33 | 50 | 132 |
| 1 | 2 | 1 | 2 | 2 | 5 | 86 | 116 | |
| Total Assets | 8 | 9 | 8 | 10 | 20 | 48 | 177 | 291 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| -0 | 0 | -0 | 1 | 2 | 10 | -19 | |
| 1 | -0 | -0 | -1 | -4 | -8 | -37 | |
| -0 | 0 | 1 | 0 | 3 | -2 | 67 | |
| Net Cash Flow | -0 | 0 | 0 | 0 | 0 | 1 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 25 | 49 | 144 | 41 | 15 | 7 |
| Inventory Days | 363 | ||||||
| Days Payable | 0 | ||||||
| Cash Conversion Cycle | 16 | 25 | 49 | 144 | 41 | 15 | 369 |
| Working Capital Days | -30 | 45 | -62 | 79 | 50 | -90 | 150 |
| ROCE % | 7% | -11% | 13% | 14% | 79% | 50% |
Documents
Announcements
-
Intimation Of Revised Record Date
12h - Revised record date for interim dividend announced.
-
Intimation Of Revised Record Date
8 Nov - Revised record date for interim dividend payment.
-
Related Party Disclosure Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015
8 Nov - Disclosure on Related Party Transactions not applicable.
-
Nil Statement On Deviation Or Variation In Utilization Of Funds Raised Through Preferential Issue In The First Half Of The FY 2024-25.
8 Nov - Nil statement on deviation in fund utilization.
- Corporate Action-Board approves Dividend 7 Nov
Annual reports
Concalls
-
Aug 2023TranscriptNotesPPT
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.