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Gratex Industries Ltd Stock Analysis

Small Cap
Evaluated by 64 users | BSE: 526751 | NSE: |
Paper & Paper Products
Gratex Industries was incorporated in the state of Maharashtra on Feb 23, 1984 as a private limited company under the name of Gratex Decorative Industries. The company was converted into a public limited company by passing a special resolution on Oct 7, 1992 and obtained certificate of change...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.48%2.91%7.02%16.73%0.17%5.66%7.42%7.22%3.19%5.58%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4.15.357.30.81.31.223.43.5
Y-o-Y Gr. Rt.-28.2%-6.1%46.8%-89%57.5%-4%64.5%68.3%3.6%
Adjusted EPS (Rs.) 0.480.220.621.610.010.470.630.710.250.53
Y-o-Y Gr. Rt.--54.2%181.8%159.7%-99.4%4600%34%12.7%-64.8%112%
Book Value per Share (Rs.) 8.538.728.629.48.498.228.899.639.6410.18
Adjusted Net Profit 0.20.10.20.500.10.20.20.10.2
Net Op. Cash Flow (Rs. Cr.) -0.10.800.10.10.100.10.50.1
Debt to Cash Flow from Ops -4.370.3803.140.280.813.676.330.331.1
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Gratex Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.9%34.1%42.1%3.6%
Adjusted EPS 1.1%121.2%-5.6%112%
Book Value per Share 23.74.65.6
Share Price 3.3% 6.6% 5.2% 19.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 5.592.477.0617.890.065.647.367.632.565.36
Operating Profit Margin (%) 5.766.4212.358.4121.9527.7423.9119.658.1410.75
Net Profit Margin (%) 3.561.253.786.730.211.3615.7810.772.244.65
Debt to Equity 0.130.120.120.110.020.020.020.160.050.04
Working Capital Days 250247384219968515569413258248
Cash Conversion Cycle 116126255132678430535384229221
Entity Percentage Holding
Promoters 62.12%
Non-Institutions 37.88%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Gratex Industries Ltd's performance infers:

Gratex Industries Ltd earnings have grown by 121.2%, whereas share price has appreciated 6.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Gratex Industries Ltd share prices over the last 10 years. Here is what we found out:

Gratex Industries Ltd share price has appreciated 6.1% annually over the past ten years.

Gratex Industries was incorporated in the state of Maharashtra on Feb 23, 1984 as a private limited company under the name of Gratex Decorative Industries. The company was converted into a public limited company by passing a special resolution on Oct 7, 1992 and obtained certificate of change of name on November 5th 1992. The name was changed from Gratex Decorative Industries to Gratex Industries on 9th day of March 1993 under the companies act. The main objects of the company are fully set

Gratex Industries was incorporated in the state of Maharashtra on Feb 23, 1984 as a private limited company under the name of Gratex Decorative Industries. The company was converted into a public limited company by passing a special resolution on Oct 7, 1992 and obtained certificate of change of name on November 5th 1992. The name was changed from Gratex Decorative Industries to Gratex Industries on 9th day of March 1993 under the companies act. The main objects of the company are fully set out in the memorandum and articles of association of the company and are also detailed in the prospectus.

The facilities of the company are located at Gratex house, Thane Belapur road, Khairne, New Bombay in the state of Maharashtra.

Against company's installed capacity of 84 000 vinyl rolls and1 80 000 non-vinyl rolls p.a. it had manufactured 72000 vinyl rolls and 36 000 non-vinyl during the year 93-94. For lack of demand, the company has discontinued manufacture of non- vinyl rolls as such there is ideal capacity available which can also be utilized for production of vinyl rolls.

The company intends to expand its vinyl capacity to 2 10 000 rolls per annum. The expansion unit will be located at the existing premises situated at Gratex house, Thane Belapur road, Khairne, New Bombay. The cost of the expansion project has been estimated at Rs 225 lakh. The proposed expansion will increase the installed capacity from 84000 rolls p.a. to 2,10,00 rolls p.a. for vinyl and no change in the non-vinyl capacity.

Product

The company is manufacturer of vinyl rolls (decorative and printing paper).

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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