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Gratex Industries

526751 BSE
₹16.45

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P/E
35.76
View as Markdown
MCP
Close 2 Nov 2026 ₹16.45 −3.55 −17.8% 1Y
Start ₹20.00

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
4.47%
Debt to Equity
0.05
EPS (TTM)
₹0.46
Book Value
₹12.37
Market Cap
—
P/E (TTM)
35.76
P/B
1.33
ROE
2.98%
Dividend Yield
0.00%
EBITDA
₹30.00 L
52W High
₹28.06
52W Low
₹15.60

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.89% over last 3 years.
  • Debtor days have increased from 63.9 to 88.9 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1234
OscillatorsBullish234
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
26.12
Bullish
MACD (12,26,9)
−1.63
Bearish
SMA (50)
22.57
Bearish
SMA (200)
20.88
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.98%
5Y+18.08%
3Y+0.08%
1Y+13.87%
TTM+26.23%

Net profit

Net profit growth by window
10YTurned to profit
5Y+40.63%
3Y−16.65%
1Y+57.14%
TTM+75.00%

Operating cash flow

Operating cash flow growth by window
10Y+4.81%
5Y+14.87%
3Y−32.49%
1Y−61.90%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−19.72 pp
5Y−0.27 pp
3Y−1.19 pp
1Y−0.74 pp
TTM+0.20 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1.21 Cr
Mar 2018₹1.99 Cr
Mar 2019₹3.35 Cr
Mar 2020₹3.47 Cr
Mar 2021₹1.86 Cr
Mar 2022₹3.02 Cr
Mar 2023₹4.26 Cr
Mar 2024₹3.99 Cr
Mar 2025₹3.75 Cr
Mar 2026₹4.27 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.19 Cr
Mar 2018₹0.22 Cr
Mar 2019₹0.07 Cr
Mar 2020₹0.16 Cr
Mar 2021₹0.02 Cr
Mar 2022₹0.10 Cr
Mar 2023₹0.19 Cr
Mar 2024₹0.09 Cr
Mar 2025₹0.07 Cr
Mar 2026₹0.11 Cr

Quarterly Results

₹ Cr
526751 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1.05
0.96
1.05
0.94
1.01
1.04
1.01
0.7
0.91
1.11
0.99
1.27
1.25
Expenses
0.97
0.92
0.99
0.86
0.96
0.99
0.91
0.64
0.85
1.04
0.92
1.16
1.15
Operating Profit
0.08
0.04
0.06
0.08
0.05
0.05
0.1
0.06
0.06
0.07
0.07
0.11
0.1
OPM %
7.62%
4.17%
5.71%
8.51%
4.95%
4.81%
9.9%
8.57%
6.59%
6.31%
7.07%
8.66%
8%
Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
Interest
0
0
0
0
0
0
0
0
0
0
0
0.01
0.01
Depreciation
0.03
0.03
0.04
0.03
0.04
0.04
0.04
0.04
0.03
0.03
0.03
0.04
0.03
PBT
0.05
0.01
0.02
0.05
0.01
0.01
0.06
0.02
0.03
0.04
0.04
0.06
0.06
Tax %
20%
0%
50%
20%
0%
0%
33.33%
50%
33.33%
25%
25%
50%
16.67%
Net Profit
0.03
0
0.02
0.03
0.01
0
0.05
0.01
0.02
0.03
0.03
0.04
0.04
EPS (₹)
0.1
0
0.07
0.1
0.03
0
0.16
0.03
0.07
0.1
0.1
0.13
0.13

Profit & Loss

₹ Cr
526751 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0.8
1.26
1.21
1.99
3.35
3.47
1.86
3.02
4.26
3.99
3.75
4.27
4.62
Expenses
0.61
0.92
0.92
1.61
3.08
3.09
1.72
2.74
3.9
3.7
3.45
3.96
4.27
Operating Profit
0.19
0.34
0.29
0.38
0.27
0.38
0.14
0.28
0.36
0.29
0.3
0.31
0.35
OPM %
23.75%
26.98%
23.97%
19.1%
8.06%
10.95%
7.53%
9.27%
8.45%
7.27%
8%
7.26%
7.58%
Other Income
−0.25
−0.32
0.01
0.02
0
0
0.03
0
0
−0.02
−0.03
0
0
Interest
0
0
0.01
0.01
0.04
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.02
Depreciation
0.14
0.11
0.1
0.1
0.16
0.13
0.11
0.12
0.13
0.13
0.16
0.14
0.13
PBT
−0.2
−0.09
0.19
0.29
0.07
0.23
0.04
0.14
0.22
0.13
0.1
0.16
0.2
Tax %
−15%
−11.11%
0%
24.14%
−14.29%
26.09%
25%
28.57%
18.18%
23.08%
30%
31.25%
—
Net Profit
−0.17
−0.08
0.19
0.22
0.07
0.16
0.02
0.1
0.19
0.09
0.07
0.11
0.14
EPS (₹)
−0.56
−0.26
0.63
0.72
0.23
0.53
0.07
0.33
0.63
0.3
0.23
0.36
0.46
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
526751 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3.03
3.03
3.03
3.03
3.03
3.03
3.03
3.03
3.03
3.03
3.03
3.03
Reserves
−0.46
−0.54
−0.34
−0.11
−0.11
0.05
0.09
0.19
0.38
0.47
0.61
0.72
Borrowings
0.04
0.04
0.06
0.46
0.15
0.11
0.09
0.12
0.06
0.08
0.05
0.17
Other Liabilities
0.12
0.09
0.1
0.3
0.35
0.35
0.28
0.47
0.64
0.62
0.4
0.79
Total Liabilities
2.73
2.62
2.85
3.68
3.42
3.54
3.49
3.81
4.11
4.2
4.09
4.71
Fixed Assets
0.93
0.86
0.83
1.24
1.18
1.08
0.98
1.01
1.08
1.03
1.04
1.09
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
1.8
1.76
2.02
2.44
2.24
2.46
2.51
2.8
3.03
3.17
3.05
3.62
Total Assets
2.73
2.62
2.85
3.68
3.42
3.54
3.49
3.81
4.11
4.2
4.09
4.71

Cash Flow

₹ Cr
526751 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.14
0.05
0.02
0.07
0.48
0.1
0.04
0.15
0.26
0.06
0.21
0.08
Investing
−0.03
−0.04
−0.06
−0.5
−0.1
−0.04
0
−0.15
−0.19
−0.08
−0.17
−0.18
Financing
−0.12
0
0.02
0.4
−0.35
−0.06
−0.03
0.01
−0.07
0.02
−0.04
0.1
Net Cash Flow
0
0
−0.02
−0.03
0.02
0
0.01
0
0
0
0
0
Free Cash Flow
0.11
0.01
−0.04
−0.43
0.38
0.06
0.03
0
0.07
−0.02
0.04
−0.1
CFO/OP
74
15
7
37
196
32
79
71
86
24
83
39

Ratios

526751 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
468
292
173
160
186
95.48
77.11
67.69
35.04
88.9
Inventory Days
—
—
1,663
534
164
257
859
558
345
479
582
423
Days Payable
—
—
0
94.63
39.01
40.21
91.25
91.25
71.8
71.1
48.5
93.19
Cash Conversion Cycle
0
0
2,130
731
299
376
954
562
350
475
569
419
Working Capital Days
607
472
564
315
207
227
387
243
180
208
229
214
ROCE %
1.73%
8.95%
7.58%
9.79%
3.41%
7.99%
1.88%
4.89%
6.75%
4.54%
3.85%
4.47%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Gratex Industries insights

61 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 61.91%
  • Public 33.32%
  • Others 4.78%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Gratex Industries

What does Gratex Industries Ltd do?
Incorporated in 1995, Gratex Industries Ltd manufactures Paper & Paper Products.
Where is Gratex Industries Ltd (GRATEXI) listed?
Gratex Industries Ltd trades under code 526751 on the BSE.
Which sector does Gratex Industries Ltd belong to?
Gratex Industries Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of Gratex Industries Ltd?
Gratex Industries Ltd trades at a PE ratio of 35.76 as of 2 Nov 2026, on earnings per share of ₹0.46, against a book value of ₹12.37 per share.
What is the 52-week high and low of Gratex Industries Ltd?
Over the last 52 weeks Gratex Industries Ltd has traded between ₹15.6 and ₹28.06 as of 2 Nov 2026.
What is the Return on Equity (ROE) of Gratex Industries Ltd?
Gratex Industries Ltd reported a return on equity of 2.98%. Its debt-to-equity ratio is 0.05.

Company Information

Incorporated in 1995, Gratex Industries Ltd manufactures Paper & Paper Products.

Website gratex.in
Face Value ₹10

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