Gratex Industries Ltd - Stock Valuation and Financial Performance

BSE: 526751 | NSE: | Paper & Paper Products | Small Cap

Gratex Industries Share Price

17.71 -0.91 -4.89%
as on 28-Mar'24 16:01

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Gratex Industries stock performance -

mw4me loader
P/E Ratio (SA):
47.49
Market Cap:
5.7 Cr.
52-wk low:
12.6
52-wk high:
24

Is Gratex Industries Ltd an attractive stock to invest in?

1. Is Gratex Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gratex Industries Ltd is a average quality company.

2. Is Gratex Industries Ltd undervalued or overvalued?

The key valuation ratios of Gratex Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Gratex Industries Ltd a good buy now?

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

10 Year X-Ray of Gratex Industries:

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.
Gratex Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.7%0.2%5.7%7.4%7.2%3.2%5.6%1.1%3.5%5.8%-
Value Creation
Index
0.2-1.0-0.6-0.5-0.5-0.8-0.6-0.9-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7.30.81.31.223.43.51.934.34
Sales YoY Gr.--89%57.5%-4%64.5%68.3%3.6%-46.1%61.5%41.1%-
Adj EPS 1.600.50.60.70.30.50.10.30.60.4
YoY Gr.--99.4%4600%34%12.7%-64.8%112%-84.9%312.5%87.9%-
BVPS (₹) 9.48.58.28.99.69.610.210.310.611.211.4
Adj Net
Profit
0.500.10.20.20.10.200.10.20
Cash Flow from Ops. 0.10.10.100.10.50.100.20.3-
Debt/CF from Ops. 3.10.30.83.76.30.31.120.80.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.8%16.4%7.1%41.1%
Adj EPS -10.1%-2.7%5.4%87.9%
BVPS2%3.1%3.4%5.8%
Share Price 5.9% 11.1% 15.8% 8.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.90.15.67.47.62.65.40.73.15.73.4
Op. Profit
Mgn %
8.42227.723.919.78.110.87.19.18.56.8
Net Profit
Mgn %
6.70.211.415.810.82.24.71.23.34.42.9
Debt to
Equity
0.10000.20.10000-
Working Cap
Days
219968515569413258248485319248125
Cash Conv.
Cycle
13267843053538422922140524418299

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.40%

Sales growth has been subdued in last 3 years 7.08%

Net Profit has been subdued in last 3 years 5.37%

Sales growth is not so good in last 4 quarters at -2.66%

Latest Financials - Gratex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 -
TTM Sales (₹ Cr.) 4.1 -
BVPS (₹.) 11.4 -
Reserves (₹ Cr.) - -
P/BV 1.63 -
PE 47.49 -
From the Market
52 Week Low / High (₹) 12.55 / 24.00
All Time Low / High (₹) 0.50 / 43.95
Market Cap (₹ Cr.) 5.7
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 6.7

Management X-Ray of Gratex Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Gratex Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7.280.801.261.211.993.353.471.873.024.26
Operating Expenses 6.660.630.910.921.603.073.091.742.753.90
Manufacturing Costs0.190.060.050.050.110.180.250.190.160.22
Material Costs5.21-0.5000.090.541.311.180.481.041.82
Employee Cost 0.690.640.540.330.410.850.870.580.891.07
Other Costs 0.580.420.320.450.550.730.780.500.660.79
Operating Profit 0.610.180.350.290.390.270.370.130.280.36
Operating Profit Margin (%) 8.4%22.0%27.7%23.9%19.6%8.1%10.7%7.1%9.1%8.5%
Other Income 0000.010.02000.0300
Interest 0.03000.010.010.040.020.020.020.01
Depreciation 0.090.140.110.100.100.160.130.110.120.13
Exceptional Items -0.36-0.25-0.320000000
Profit Before Tax 0.13-0.22-0.090.190.300.070.220.040.140.23
Tax -0.11-0.05-0.0100.0700.060.010.040.04
Profit After Tax 0.24-0.17-0.080.190.220.070.160.020.100.19
PAT Margin (%) 3.3%-21.6%-6.5%15.8%11.2%2.2%4.7%1.2%3.3%4.4%
Adjusted EPS (₹)0.8-0.6-0.30.60.70.30.50.10.30.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2.852.582.492.702.922.933.093.123.223.41
Share Capital 3.033.033.033.033.033.033.033.033.033.03
Reserves -0.18-0.46-0.54-0.34-0.11-0.110.050.090.190.38
Minority Interest0000000000
Debt0.310.040.040.060.460.150.110.090.120.06
Long Term Debt000000.110.090.060.060
Short Term Debt0.310.040.040.060.460.040.020.030.060.05
Trade Payables000.0100.140.140.130.120.260.36
Others Liabilities 0.460.110.080.090.170.200.210.150.210.27
Total Liabilities 3.622.732.622.853.693.423.543.483.804.10

Fixed Assets

Gross Block2.252.182.221.451.952.052.092.102.252.44
Accumulated Depreciation1.111.251.360.610.710.871.011.121.241.36
Net Fixed Assets1.150.930.860.831.241.181.080.981.011.08
CWIP 0000000000
Investments 0000000000
Inventories00.500.500.410.790.590.831.131.591.73
Trade Receivables1.610.881.101.551.591.591.520.950.790.90
Cash Equivalents 0.010.010.010-0.03-0.01-0.0100.010.01
Others Assets0.860.420.150.060.110.070.120.420.410.38
Total Assets 3.622.732.622.853.693.423.543.483.804.10

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.100.140.050.020.070.480.100.040.150.26
PBT 0.13-0.22-0.090.190.300.070.220.040.140.23
Adjustment 0.160.190.120.100.100.200.150.140.150.15
Changes in Working Capital -0.150.280.02-0.27-0.250.25-0.25-0.06-0.09-0.07
Tax Paid -0.04-0.1000-0.07-0.05-0.02-0.07-0.05-0.05
Cash Flow From Investing Activity -0.06-0.03-0.04-0.06-0.50-0.10-0.040-0.15-0.19
Capex -0.06-0.03-0.04-0.06-0.50-0.10-0.04-0.01-0.15-0.19
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity -0.03-0.1200.020.40-0.35-0.06-0.030.01-0.07
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000.020.400.11-0.02-0.040-0.05
Interest Paid -0.030000-0.04-0.020.02-0.02-0.01
Dividend Paid 0000000000
Others 0-0.12000-0.42-0.02-0.010.030
Net Cash Flow 0.0100-0.02-0.030.0200.0100
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.69-6.39-3.247.367.962.565.360.743.125.66
ROCE (%)5.21-7.45-3.337.3310.023.47.731.694.836.99
Asset Turnover Ratio1.310.250.470.440.610.9410.530.831.08
PAT to CFO Conversion(x)0.42N/AN/A0.110.326.860.6321.51.37
Working Capital Days
Receivable Days8156528840128817416424110572
Inventory Days02261451371107574191164142
Payable Days80022473842966662

Gratex Industries Ltd Stock News

Gratex Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gratex Industries on 28-Mar-2024 16:01 is ₹17.71.
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 28-Mar-2024 16:01 the market cap of Gratex Industries stood at ₹5.65.
The latest P/E ratio of Gratex Industries as of 28-Mar-2024 16:01 is 47.49.
The latest P/B ratio of Gratex Industries as of 28-Mar-2024 16:01 is 1.63.
The 52-week high of Gratex Industries is ₹24.00 and the 52-week low is ₹12.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gratex Industries is ₹4.08 ( Cr.) .

About Gratex Industries Ltd

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).

 

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