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Grovy India Ltd (539522)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539522 NSE: Construction - Real Estate | Small Cap | Grovy India Share Price

₹54.25 2.75 (5.34%)

As on 24-Jun'26 16:59

Grovy India Ltd (539522)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539522 NSE: Construction - Real Estate | Small Cap | Grovy India Share Price

₹54.25 2.75 (5.34%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹69 Cr.
Current Price
₹54.3
52-Week Low / High
₹32 / 59
TTM EPS
₹2.2
TTM Sales
₹33.2 Cr.
Book Value per Share
₹17.3
P/E Ratio
23.70
Lower than its 5-year historical median
Industry PE
44.9
Price to Book (P/B)
2.98
Higher than its 5-year historical median
Price to Sales (P/S)
2.07
Higher than its 5-year historical median
EV/EBITDA
19.57
Lower than its 5-year historical median
Dividend Yield
0.18%
Profitability Efficiency
Return on Equity (ROE)
13.33%
Outperforms industry median
Return on Capital Employed (ROCE)
10.17%
Outperforms industry median
Return on Assets (ROA)
4.76%
Operating Profit Margin
7.9%
Net Profit Margin
8.73%
Gross Profit Margin
11.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
30.61%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
32.66%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
62.01%
Asset Quality
Promoter Holding
73.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10 Cr.
Equity
₹13.3 Cr.
Face Value
₹10
All Time Low / High
₹3.12 / 98.20

Grovy India stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Grovy India Ltd a good quality company?
Grovy India Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Grovy India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Grovy India Ltd vs industry peers?
Grovy India Ltd revenue CAGR is 7.31%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Grovy India Ltd?
Promoters hold 73.00% of the Grovy India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Grovy India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Grovy India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 1.2%2%0.8%-7.6%9.2%6.6%6.5%6%7.6%10.2%-
Value Creation
Index
-0.9-0.9-0.9-1.5-0.3-0.5-0.5-0.6-0.5-0.3-

Growth Parameters

Sales 9.212.38.817.913.321.520.919.625.433.233
Sales YoY Gr.-34.3%-28.7%103.7%-25.6%62.1%-2.9%-6.6%30%30.6%-
Adj EPS 0.10.20.2-1.21.41.10.70.71.42.22.2
YoY Gr.-216.7%-21.1%-893.3%NA-24.7%-36.5%7.4%84.9%60.7%-
BVPS (₹) 5.86.116.48.910.511.613.214.115.317.317.3
Adj Net
Profit
00.10.1-1.21.41.10.911.82.93
Cash Flow from Ops. -2.9-0.9-3.8-1.10.7-0.4-8.4-0.4-13.40.4-
Debt/CF from Ops. -1.6-6-1.8-7.78.4-17.1-1.2-26.2-1.858.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.4%20.1%16.6%30.6%
Adj EPS 49%8.9%47.2%60.7%
BVPS12.8%10.4%9.4%12.9%
Share Price 19.7% 45.7% 37.5% 17.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
1.13.11.2-12.514.79.66.25.39.113.312.6
Op. Profit
Mgn %
-0.51.31.3-6.22.42.86.25.67.87.97.9
Net Profit
Mgn %
0.40.91-6.710.854.357.18.78.7
Debt to
Equity
1.41.60.80.90.60.60.60.61.21.10.1
Working Cap
Days
237238526365470275447588549661305
Cash Conv.
Cycle
227182400312399235326454475560113

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales9.1612.308.7717.8613.2921.5420.9219.5525.4233.20
Operating Expenses + 9.2112.148.6720.1012.9720.9319.6318.4623.4330.56
Manufacturing Costs00.0100.010.010.010.0100.030.02
Material Costs9.0511.888.1718.1412.6620.5719.0817.8722.7029.72
Employee Cost 0.070.080.210.430.160.150.200.290.360.47
Other Costs 0.080.170.281.510.150.190.330.300.350.35
Operating Profit -0.050.160.10-2.240.320.611.291.101.992.64
Operating Profit Margin (%) -0.5%1.3%1.1%-12.5%2.4%2.8%6.2%5.6%7.8%7.9%
Other Income + 0.190.030.020.951.270.600.250.690.942.15
Exceptional Items 0000000000
Interest 0000.040.100.030.280.400.470.86
Depreciation 0.040.030.020.010.030.070.050.060.070.05
Profit Before Tax 0.100.160.10-1.341.461.121.221.332.403.87
Tax 0.040.040.0300.020.050.310.330.600.97
Profit After Tax 0.060.120.07-1.341.441.080.9111.792.90
PAT Margin (%) 0.7%1.0%0.8%-7.5%10.8%5.0%4.3%5.1%7.1%8.7%
Adjusted EPS (₹)0.10.20.1-1.31.41.10.70.81.42.2
Dividend Payout Ratio (%)22.90%11.80%19.10%0%1.80%2.30%3.70%3.30%7.40%4.60%

Valuation of Grovy India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3.263.399.178.9010.6011.7117.5918.8620.4223.05
Share Capital 1.401.401.402.512.512.513.333.3313.3413.34
Reserves 1.861.997.776.398.089.2014.2615.527.089.72
Debt +4.555.356.978.275.976.6210.1611.3424.5924.94
Long Term Debt00000.100.453.831.392.692.45
Short Term Debt4.555.356.978.275.876.176.339.9521.9022.49
Minority Interest0000000000
Trade Payables00.0100.140.1300.8000.010.02
Others Liabilities 0.330.141.241.890.060.066.580.203.5125.27
Total Liabilities 8.148.8917.3819.2016.7518.3935.1430.4048.5373.28

Fixed Assets

Net Fixed Assets +0.150.120.100.030.210.140.100.210.150.11
Gross Block0.240.240.240.180.280.280.290.390.410.42
Accumulated Depreciation0.090.120.140.150.080.140.190.180.250.31
CWIP 0000000000
Investments 0.190.230.260.270.680.630.811.350.770.59
Inventories7.434.8314.4116.2412.9914.6923.2324.1636.4060.88
Trade Receivables0000.030.150.0102.013.531.03
Cash Equivalents 0.220.090.190.040.500.530.020.010.010.02
Others Assets 0.153.622.432.582.222.3910.972.677.6610.65
Total Assets 8.148.8917.3819.2016.7518.3935.1430.4048.5373.28

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -2.91-0.90-3.78-1.070.72-0.39-8.42-0.43-13.420.43
PBT 0.100.160.10-1.341.461.121.221.332.403.87
Adjustment 0.030.01-0-0.92-0.080.070.310.370.250.09
Changes in Working Capital -3.04-1.06-3.831.22-0.66-1.47-9.87-1.78-15.48-2.55
Tax Paid -0.03-0.04-0.05-0.030-0.11-0.09-0.36-0.60-0.98
Cash Flow From Investing Activity + 3.38-0.022.980.96-0.280.12-0.17-0.300.760.80
Capex 00-00.99-0.190-0.01-0.11-0.02-0.01
Net Investments 3.37-0.042.97-0.05-0.120.10-0.18-0.230.480
Others 0.010.010.020.020.030.010.010.030.300.81
Cash Flow From Financing Activity -1.030.79-0.02-0.030.030.308.080.7212.66-1.22
Net Proceeds from Shares + 0000005000
Net Proceeds from Borrowing 000000002.01-0.24
Interest Paid 000-0.01-0.07-0.03-0.28-0.40-0.46-0.85
Dividend Paid 0-0.02-0.02-0.020-0.03-0.03-0.03-0.03-0.13
Others -1.030.81000.100.353.381.1511.150
Net Cash Flow -0.56-0.13-0.82-0.150.460.03-0.51-0.0100

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)1.933.571.17-14.8614.769.646.185.59.1413.33
ROCE (%)1.231.980.78-7.589.226.556.495.967.6110.17
Asset Turnover Ratio1.091.440.670.980.741.230.780.60.640.55
PAT to CFO Conversion(x)-48.5-7.5-54N/A0.5-0.36-9.25-0.43-7.50.15
Working Capital Days
Receivable Days0000.602.401.30037.6039.8025.10
Inventory Days226.50182400.50313.30401.50234.60330.80442.40434.90534.70
Payable Days00.300.201.403.90015.308.200.100.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *27.890.620.620.620.620.620.620.620.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Grovy India Ltd FAQs

The current trading price of Grovy India on 24-Jun-2026 16:59 is ₹54.25.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Grovy India stood at ₹68.68 Cr

The latest P/E ratio of Grovy India as of 23-Jun-2026 is 23.70.

The latest P/B ratio of Grovy India as of 23-Jun-2026 is 2.98.

The 52-week high of Grovy India is ₹58.99 and the 52-week low is ₹32.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Grovy India is ₹33.20 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Grovy India Ltd is a below average quality company.

The key valuation ratios of Grovy India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Grovy India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Grovy India Ltd

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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