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BSE: 543324 | NSE: | Professional Services | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Gretex Corporate Services Ltd is a average quality company.
The key valuation ratios of Gretex Corporate Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gretex Corporate Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -7.1% | 5.4% | -14.3% | 9.6% | 13.7% | 34% | - |
| Value Creation Index ⓘ | -1.5 | -0.6 | -2.0 | -0.3 | 0.0 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 2.3 | 3.2 | 1.2 | 3 | 4.1 | 12.6 | 19 |
| Sales YoY Gr. | - | 37% | -63.5% | 159.1% | 38.6% | 205.8% | - |
| Adj EPS ⓘ | -1.1 | 0.4 | -2.3 | 0.7 | 1.3 | 5 | 6.5 |
| YoY Gr. | - | NA | -648.8% | NA | 78.4% | 278.8% | - |
| BVPS (₹) ⓘ | 8.4 | 8.8 | 6.9 | 8.3 | 11.5 | 16.9 | 67.8 |
| Adj Net Profit ⓘ | -0.7 | 0.3 | -1.4 | 0.6 | 1.4 | 5.3 | 7 |
| Cash Flow from Ops. ⓘ | -0.4 | 0.2 | -0.5 | 0.5 | 2.2 | 9 | - |
| Debt/CF from Ops. ⓘ | -5.7 | 15.4 | -7.3 | 4.6 | 0.9 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 40.6% | 122.3% | 205.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | 278.8% | ||||
| BVPSⓘ | NA | 15.1% | 34.8% | 46.6% | ||||
| Share Price | - | - | - | 179.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -13.1 | 4.8 | -28.6 | 11.1 | 14.6 | 35.2 | 15.3 |
| Op. Profit Mgn % ⓘ | -15.1 | 21.7 | -83.6 | 31.4 | 34.6 | 58.9 | 60.4 |
| Net Profit Mgn % ⓘ | -29 | 7.9 | -119.1 | 20.7 | 33.8 | 41.8 | 38.3 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.9 | 0.4 | 0.2 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 157 | 449 | 168 | 129 | 54 | 62 |
| Cash Conv. Cycle ⓘ | 0 | 19 | 56 | 82 | 74 | 7 | 33 |
Sales growth is growing at healthy rate in last 3 years 122.28%
Sales growth is good in last 4 quarters at 97.84%
Return on Equity has declined versus last 3 years average to 15.20%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.5 | 24.9 |
| TTM Sales (₹ Cr.) | 19.4 | 138 |
| BVPS (₹.) ⓘ | 67.8 | 87.5 |
| Reserves (₹ Cr.) ⓘ | 67 | 89 |
| P/BV ⓘ | 7.67 | 5.95 |
| PE ⓘ | 80.60 | 20.95 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 182.55 / 563.75 |
| All Time Low / High (₹) | 17.25 / 563.75 |
| Market Cap (₹ Cr.) | 600 |
| Equity (₹ Cr.) | 11.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 49.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Sales | 2 | 3 | 1 | 3 | 4 | 13 |
| Operating Expenses ⓘ | 3 | 2 | 2 | 2 | 3 | 6 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 1 | 1 | 1 | 0 | 0 | 1 |
| Other Costs ⓘ | 2 | 2 | 2 | 2 | 2 | 5 |
| Operating Profit ⓘ | 0 | 1 | -1 | 1 | 1 | 7 |
| Operating Profit Margin (%) | -15.1% | 21.7% | -83.6% | 31.4% | 34.6% | 51.9% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | -1 | 1 | 2 | 7 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit After Tax | -1 | 0 | -1 | 1 | 2 | 6 |
| PAT Margin (%) | -23.6% | 7.9% | -101.0% | 24.2% | 36.9% | 44.8% |
| Adjusted EPS (₹) | -0.9 | 0.4 | -1.9 | 0.9 | 1.5 | 5.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 9% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5 | 5 | 4 | 7 | 12 | 18 | ||||
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 1 | 10 | ||||
| Reserves ⓘ | 4 | 5 | 4 | 6 | 11 | 8 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 2 | 2 | 4 | 2 | 2 | 0 | ||||
| Long Term Debt | 2 | 2 | 3 | 2 | 2 | 0 | ||||
| Short Term Debt | 0 | 0 | 1 | 0 | 0 | 0 | ||||
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Others Liabilities ⓘ | 1 | 2 | 1 | 2 | 1 | 6 | ||||
| Total Liabilities ⓘ | 8 | 9 | 9 | 11 | 15 | 24 | ||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 4 | 4 | 4 | 4 | 5 | ||||
| Accumulated Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | ||||
| Net Fixed Assetsⓘ | 4 | 3 | 3 | 3 | 3 | 4 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 4 | 4 | 4 | 5 | 10 | 17 | ||||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Receivables | 0 | 0 | 0 | 1 | 0 | 1 | ||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 1 | 0 | ||||
| Others Assetsⓘ | 1 | 2 | 1 | 1 | 1 | 2 | ||||
| Total Assets ⓘ | 8 | 9 | 9 | 11 | 15 | 24 | ||||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | -1 | 1 | 2 | 9 |
| PBT ⓘ | 0 | 0 | -1 | 1 | 2 | 8 |
| Adjustment ⓘ | 0 | 0 | 0 | 1 | 0 | 0 |
| Changes in Working Capital ⓘ | 0 | -0 | 1 | -1 | 0 | 2 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 1 | 0 | 0 | -1 | -5 | -7 |
| Capex | 0 | 0 | 0 | 0 | 0 | -1 |
| Net Investments | 0 | 0 | 0 | -1 | -5 | -8 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 1 | 1 | 3 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 2 | 4 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 1 | 0 | 0 | 0 | -2 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | -1 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -10.66 | 4.79 | -24.32 | 13 | 15.98 | 37.76 | ||||
| ROCE (%) | -3.69 | 7.04 | -10.2 | 12.12 | 15.92 | 48.22 | ||||
| Asset Turnover Ratio | 0.29 | 0.36 | 0.14 | 0.32 | 0.33 | 0.65 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 1 | 1 | 1.5 | Working Capital Days | |||
| Receivable Days | 17 | 19 | 56 | 82 | 74 | 15 | ||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Gretex Corporate Services offers diversified financial and consultancy services in the areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory. It started its operations in the year 2008, in the initial years the company was engaged in the business of providing project finance services to companies through banks and financial institutions. In the year 2011 the company started providing services of capital market such as Direct listing of companies on nationwide stock exchanges. This new venture gave management an interest to explore more opportunities in capital market.
Over the time the company has developed an expertise in the area of identifying Small and Medium Enterprises, determine its funding requirement and carter company’s funds needs by taking the company public by the mean of an IPO on the SME Exchange in India. It primarily cater the needs of Small and Medium Enterprises, but its services are not limited to SMEs, over the period of years its company has been able to successfully create its name in Primary markets for successfully executing 21 SME IPOs and 1 BSE Startups Segment under SME Platform of BSE.
The company’s office facilities are well equipped with streamlined process to ensure quality of services and timely fulfillment of its assignment. It provides the best-in-class solutions to its esteemed customers spread over all the sectors. It offers best to all its customers which makes it possible by understanding its client’s needs and strive to deliver beyond their expectations. It is always committed to fulfil the requirements of its clientele according to their needs. In order to meet these requirements, it has adapted to best measure in the industry. It is providing services that ensure customer satisfaction. It has long-term and stable relationships developed over the years with its key suppliers and its key customers through the quality of services it provide.
Business area of the company
The company is a financial and consultancy service provider in India. It is a SEBI registered merchant banker that key business activities include fund raising management activities, investment advisory, underwriting of issues, corporate advisory services, and more.
Major events and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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