Gretex Industries Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: GRETEX | Textile | Small Cap

BSE Share Price
Not Listed

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Gretex Industries stock performance -

mw4me loader
P/E Ratio (SA):
42.35
Market Cap:
27.3 Cr.
52-wk low:
0
52-wk high:
0

Is Gretex Industries Ltd an attractive stock to invest in?

1. Is Gretex Industries Ltd a good quality company?

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

2. Is Gretex Industries Ltd undervalued or overvalued?

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

3. Is Gretex Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gretex 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 Gretex Ind:

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.
Gretex Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.7%7.7%7%-5.2%2.9%2.1%-2.1%6.5%13.6%9.4%-
Value Creation
Index
-0.8-0.5-0.5-1.4-0.8-0.9-1.2-0.50.0-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 03.93.72.48.114.211.29.613.121.922
Sales YoY Gr.-9,625%-4.4%-36%238.2%76.5%-21.5%-13.6%35.6%67.5%-
Adj EPS -0.71.31.5-10.20.1-0.30.61.31.51.5
YoY Gr.-NA12.4%-167.6%NA-66.7%-720%NA132.7%13.3%-
BVPS (₹) 15.810.912.89.49.59.698.39.611.111.1
Adj Net
Profit
-0.10.30.3-0.40.10-0.10.20.50.61
Cash Flow from Ops. 0.70.80.2-2.2-0.40.30.8-0.21.4-0.3-
Debt/CF from Ops. 4.65.215.5-0.5-3.12.70.1-0.20.6-17.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 101.5%22.1%25.2%67.5%
Adj EPS NA57.4%NA13.3%
BVPS-3.9%3.1%7.1%16%
Share Price - 60.9% 81.7% 82.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-5.412.610.2-10.71.60.5-3.36.414.414.113.8
Op. Profit
Mgn %
516.722.326.7-4.44.41.6-1.63.51.33.6NAN
Net Profit
Mgn %
-2277.18.4-17.30.80.2-1.22.44.12.82.9
Debt to
Equity
1.61.80.70.30.30.2000.21-
Working Cap
Days
6,8761232063861499712413797950
Cash Conv.
Cycle
4085811831312479767164610

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.80%

Sales growth is growing at healthy rate in last 3 years 25.20%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Gretex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 1.5
TTM Sales (₹ Cr.) 21.9 22.7
BVPS (₹.) 11.1 11.1
Reserves (₹ Cr.) - -
P/BV 5.84 5.84
PE 42.35 42.35
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 27.3
Equity (₹ Cr.) 4.2
Face Value (₹) 10
Industry PE 28.5

Management X-Ray of Gretex Ind:

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 Gretex Ind

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
Sales0.043.893.722.388.0514.2111.159.6213.0621.88
Operating Expenses -0.163.022.722.497.6913.9911.329.2912.9021.10
Manufacturing Costs0.180.350.340.350.210.790.050.050.030.10
Material Costs02.071.871.527.0312.2310.138.5111.7419.02
Employee Cost 0.040.120.150.130.250.520.640.390.500.79
Other Costs -0.380.480.370.490.210.450.500.340.631.20
Operating Profit 0.200.870.99-0.100.350.22-0.180.340.170.78
Operating Profit Margin (%) 516.7%22.3%26.7%-4.4%4.4%1.6%-1.6%3.5%1.3%3.6%
Other Income 0.190.160.040.070.080.080.220.100.280.15
Interest 0.270.260.210.160.120.120.050.010.040.07
Depreciation 0.070.340.360.240.140.140.130.070.050.04
Exceptional Items 000-1.51000000
Profit Before Tax 0.050.420.47-1.950.180.05-0.140.350.370.82
Tax 0.010.140.16-0.470.110.03-0.010.11-0.170.18
Profit After Tax 0.030.280.31-1.470.060.02-0.130.240.540.64
PAT Margin (%) 88.3%7.1%8.4%-61.7%0.8%0.2%-1.2%2.4%4.1%2.9%
Adjusted EPS (₹)0.31.31.5-3.50.20.1-0.30.61.31.5
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 2.052.363.773.954.014.033.803.494.034.67
Share Capital 0.060.063.164.214.214.214.214.214.214.21
Reserves 1.982.290.61-0.26-0.20-0.18-0.41-0.73-0.190.46
Minority Interest0000000000
Debt2.833.762.281.161.120.840.0500.824.44
Long Term Debt1.781.691.170.910.890.450.02000
Short Term Debt1.052.071.110.250.230.400.0200.824.44
Trade Payables0.010.560.290.440.130.571.350.800.620.48
Others Liabilities 0.540.660.94-0.23-0.10-0.010.010.12-0.040.34
Total Liabilities 5.437.347.285.325.175.445.214.405.439.94

Fixed Assets

Gross Block4.545.095.121.721.731.751.510.330.351.04
Accumulated Depreciation0.090.400.760.390.530.660.720.260.300.34
Net Fixed Assets4.454.694.371.331.201.080.790.080.050.71
CWIP 0000000000
Investments 0.220.220.690.690.230001.320.68
Inventories0.050.680.381.741.111.311.682.032.173.37
Trade Receivables0.041.201.281.162.122.321.440.991.012.14
Cash Equivalents 0.360.190.260.220.240.300.630.570.610.26
Others Assets0.310.350.300.180.270.430.670.730.282.78
Total Assets 5.437.347.285.325.175.445.214.405.439.94

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.730.810.18-2.15-0.360.320.75-0.181.37-0.25
PBT 0.050.420.47-1.950.180.05-0.230.350.370.82
Adjustment -0.070.590.551.890.240.240.300.030.030.16
Changes in Working Capital 0.76-0.19-0.85-2.09-0.780.030.68-0.550.97-1.24
Tax Paid 0-0.0100000000
Cash Flow From Investing Activity -3.46-0.54-0.4910.510.270.050.16-1.29-0.04
Capex -4.50-0.55-0.030.720-0.020.070.17-0.01-0.70
Net Investments 1.070-0.4700.500.2300-1.320.64
Others -0.030.010.010.280.010.06-0.02-0.010.050.02
Cash Flow From Financing Activity 3.06-0.440.381.12-0.13-0.52-0.47-0.04-0.04-0.07
Net Proceeds from Shares 0.8201.101.96000000
Net Proceeds from Borrowing 2.29-0.18-0.52-0.69-0.01-0.40-0.42-0.0200
Interest Paid -0.05-0.26-0.20-0.15-0.12-0.12-0.05-0.01-0.04-0.07
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow 0.33-0.170.06-0.040.020.060.33-0.050.04-0.36
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.112.6612.18-43.781.630.54-3.326.4614.3514.81
ROCE (%)8.2711.3610.34-30.815.813.36-1.839.719.712.75
Asset Turnover Ratio0.010.610.510.381.542.682.182.082.752.93
PAT to CFO Conversion(x)24.332.890.58N/A-616N/A-0.752.54-0.39
Working Capital Days
Receivable Days35458122187745759442726
Inventory Days4773452162653147685745
Payable Days0508287151035462211

Gretex Industries Ltd Stock News

Gretex Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gretex Ind on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Gretex Ind stood at ₹27.27.
The latest P/E ratio of Gretex Ind as of 01-Jan-1970 05:30 is 42.35.
The latest P/B ratio of Gretex Ind as of 01-Jan-1970 05:30 is 5.84.
The 52-week high of Gretex Ind is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gretex Ind is ₹21.88 ( Cr.) .

About Gretex Industries Ltd

Gretex Industries was incorporated in the year 2009 as ‘Heritage Barter Private Limited’. The company’s present promoters purchased the shares of the Company in 2010 from the erstwhile promoters. Its business from operations started by manufacturing of fabric and hosiery garments like thermal innerwear and leggings in the year 2013-14. The company started taking job work assignments for knitting for Rupa & Company and gradually for others. Further, it also started production under its brand ‘Lekme’ besides undertaking job work assignments. It manufactures thermal innerwear and leggings under its own brand name of ‘Lekme’. Further, the company changed its name to ‘Gretex Industries Private Limited’ and then converted into public company ‘Gretex Industries Limited’ in the year 2013.

The company’s manufacturing facility is situated at Jalan Industrial Complex in Domjur Area in the district of Howrah, which is one of the oldest Industrial Complex nearby Kolkata. It is situated on the Kolkata - Mumbai Highway and is at a distance of 15 Km from Howrah.

Business area of the company

The company’s product range includes production of fabric by using Interlock, Rib, Reversible, Fleece, Polyfill techniques. It also manufactures Sinker using Lycra yarns.

 

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