Gretex Industries Ltd - Stock Valuation and Financial Performance

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

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Gretex Ind

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Gretex Industries stock performance -

mw4me loader
P/E Ratio (SA):
34.65
Market Cap:
345.9 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 Strong which suggest that the price of Gretex Industries Ltd is likely to Rise 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 11.4%10.3%-30.8%5.8%3.4%-1.8%9.7%9.7%12.8%80.1%-
Value Creation
Index
-0.2-0.3-3.2-0.6-0.8-1.1-0.3-0.3-0.14.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3.93.72.48.114.211.29.613.121.931.131
Sales YoY Gr.--4.4%-36%238.2%76.5%-21.5%-13.6%35.6%67.5%42.3%-
Adj EPS 1.31.5-10.20.1-0.30.61.31.52.86.7
YoY Gr.-12.4%-167.6%NA-66.7%-720%NA132.7%13.3%89.7%-
BVPS (₹) 10.912.89.49.59.698.39.611.156.123.1
Adj Net
Profit
0.30.3-0.40.10-0.10.20.50.61.210
Cash Flow from Ops. 0.80.2-2.2-0.40.30.8-0.21.4-0.34.7-
Debt/CF from Ops. 5.215.5-0.5-3.12.70.1-0.20.6-17.70.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 26%17%47.9%42.3%
Adj EPS 8.8%122.9%71%89.7%
BVPS19.9%42.4%89.2%405.9%
Share Price - 114.4% 176.1% 504.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.610.2-10.71.60.5-3.36.414.414.18.217
Op. Profit
Mgn %
22.326.7-4.44.41.6-1.63.51.33.61.2NAN
Net Profit
Mgn %
7.18.4-17.30.80.2-1.22.44.12.83.732.1
Debt to
Equity
1.80.70.30.30.2000.210-
Working Cap
Days
1232063861499712413797951280
Cash Conv.
Cycle
581183131247976716461640

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.00%

Sales growth is growing at healthy rate in last 3 years 47.86%

Net Profit is growing at healthy rate in last 3 years 71.00%

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

Latest Financials - Gretex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 6.7 6.7
TTM Sales (₹ Cr.) 31.1 34.8
BVPS (₹.) 23.1 23.1
Reserves (₹ Cr.) 19 19
P/BV 10.11 10.12
PE 34.65 34.77
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 346
Equity (₹ Cr.) 14.8
Face Value (₹) 10
Industry PE 29.8

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4428141110132231
Operating Expenses 332814119132131
Manufacturing Costs0000100000
Material Costs222712109121928
Employee Cost 0000110011
Other Costs 0000000111
Operating Profit 1100000010
Operating Profit Margin (%) 22.3%26.7%-4.4%4.4%1.6%-1.6%3.5%1.3%3.6%1.2%
Other Income 00000000013
Interest 0000000000
Depreciation 0000000000
Exceptional Items 00-20000000
Profit Before Tax 00-200000113
Tax 0000000003
Profit After Tax 00-100001110
PAT Margin (%) 7.1%8.4%-61.7%0.8%0.2%-1.2%2.4%4.1%2.9%32.1%
Adjusted EPS (₹)1.31.5-3.50.20.1-0.30.61.31.523.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 24444434524
Share Capital 0344444444
Reserves 210000-10019
Minority Interest0000000000
Debt4211100141
Long Term Debt2111000000
Short Term Debt2100000141
Trade Payables1000111101
Others Liabilities 1100000004
Total Liabilities 775555451029

Fixed Assets

Gross Block5522220011
Accumulated Depreciation0101110000
Net Fixed Assets5411110011
CWIP 0000000000
Investments 01100001114
Inventories1021122235
Trade Receivables1112211123
Cash Equivalents 0000011100
Others Assets0000011037
Total Assets 775555451029

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 10-20010105
PBT 00-200000113
Adjustment 1120000000
Changes in Working Capital -0-1-2-101-11-1-9
Tax Paid 0000000000
Cash Flow From Investing Activity -1011000-10-4
Capex -10100000-10
Net Investments 0001000-11-13
Others 0000000009
Cash Flow From Financing Activity 0010-100000
Net Proceeds from Shares 0120000000
Net Proceeds from Borrowing 0-1-10000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow 0000000000
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.6612.18-43.781.630.54-3.326.4614.3514.8170.55
ROCE (%)11.3610.34-30.815.813.36-1.839.719.712.7580.07
Asset Turnover Ratio0.610.510.381.542.682.182.082.752.931.65
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A100.5
Working Capital Days
Receivable Days5812218774575944272628
Inventory Days345216265314768574545
Payable Days50828715103546221110

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 ₹345.9.
The latest P/E ratio of Gretex Ind as of 01-Jan-1970 05:30 is 34.65.
The latest P/B ratio of Gretex Ind as of 01-Jan-1970 05:30 is 10.11.
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 ₹31.13 ( 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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