Gretex Industries
GRETEX NSE
Gretex Industries
MediaNSE: GRETEX Media & Entertainment
Key Fundamentals
SMEMedia & EntertainmentMediaMarket Cap
₹349 Cr
Volatility
Moderate
P/E Ratio
261.8
EBITDA
₹0.97 Cr
Return on Equity
5.31%
Debt to Equity
0.01
Book Value
₹33.52
52W High
₹304
52W Low
₹180.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 26.7 to 19.0 days.
Weaknesses
6- Stock is trading at 6.41 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 4.92% over last 3 years.
- Earnings include an other income of Rs.1.29 Cr.
- Company's cost of borrowing seems high
Growth Rate
Revenue Growth
50.98% higher than
3Y
Net Income Growth
-40.67% lower than
3Y
Cash Flow Change
100% higher than
3Y
ROE
-86.77% lower than
3Y
ROCE
-88.8% lower than
3Y
EBITDA Margin (Avg.)
-65.93% higher than
3Y
Quarterly Results
| Particulars | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.59 | 5.32 | 7.74 | 11.87 | 10.87 | 17.74 | 17.01 | 18.26 | 19.17 | 28.11 | 27.6 |
| Expenses | 6.3 | 5.22 | 7.68 | 11.54 | 10.31 | 17.08 | 16.99 | 18.24 | 18.55 | 27.55 | 27.23 |
| Operating Profit | 0.29 | 0.1 | 0.06 | 0.33 | 0.56 | 0.66 | 0.02 | 0.02 | 0.62 | 0.56 | 0.37 |
| OPM % | 4.4% | 1.88% | 0.78% | 2.78% | 5.15% | 3.72% | 0.12% | 0.11% | 3.23% | 1.99% | 1.34% |
| Other Income | 0.1 | 0.09 | 0.2 | 0.23 | -0.13 | 0.25 | 12.9 | 0.71 | 1.59 | 1.74 | -0.42 |
| Interest | 0.01 | 0 | 0.04 | 0.05 | 0.02 | 0.09 | 0.2 | 0.1 | 0.36 | 0.21 | 0.08 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.04 | 0.04 | 0.04 | 0.27 | 0.37 | 0.48 |
| PBT | 0.36 | 0.17 | 0.2 | 0.5 | 0.39 | 0.78 | 12.68 | 0.59 | 1.58 | 1.72 | -0.61 |
| Tax % | 0% | 0% | -85% | 0% | 56.41% | 26.92% | 25.32% | 25.42% | -14.56% | 27.91% | -114.75% |
| Net Profit | 0.36 | 0.17 | 0.37 | 0.5 | 0.17 | 0.57 | 9.47 | 0.44 | 1.8 | 1.23 | 0.1 |
| EPS in Rs | 0.85 | 0.4 | 0.88 | 1.19 | 0.4 | 1.35 | 22.27 | 0.3 | 1.19 | 0.81 | 0.09 |
Profit & Loss
| Particulars | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3.71 | 2.38 | 9.62 | 13.06 | 25.27 | 34.74 | 35.76 | 55.71 |
| Expenses | 2.71 | 2.22 | 8.74 | 12.89 | 24.38 | 34.04 | 35.08 | 54.75 |
| Operating Profit | 1 | 0.16 | 0.88 | 0.17 | 0.89 | 0.7 | 0.68 | 0.96 |
| OPM % | 26.95% | 6.72% | 9.15% | 1.3% | 3.52% | 2.01% | 1.9% | 1.72% |
| Other Income | 0.04 | -1.56 | -1 | 0.28 | 0.1 | 13.16 | 1.18 | 1.29 |
| Interest | 0.21 | 0.16 | 0.01 | 0.04 | 0.07 | 0.32 | 0.5 | 0.29 |
| Depreciation | 0.45 | 0.5 | 0.07 | 0.05 | 0.04 | 0.09 | 0.09 | 0.85 |
| PBT | 0.38 | -2.06 | -0.2 | 0.36 | 0.88 | 13.45 | 1.27 | 1.11 |
| Tax % | 36.84% | -22.82% | 55% | -47.22% | 23.86% | 25.43% | -18.9% | -19.82% |
| Net Profit | 0.24 | -1.59 | -0.32 | 0.54 | 0.66 | 10.04 | 1.52 | 1.33 |
| EPS in Rs | 0.76 | -3.78 | -0.76 | 1.28 | 1.52 | 23.63 | 0.96 | 0.9 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.16 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 14.81 | 15.51 |
| Reserves | 0.3 | -0.39 | -0.73 | -0.19 | 0.46 | 19.38 | 10.2 | 36.47 |
| Borrowings | 2.71 | 1.16 | 0.03 | 0.82 | 4.44 | 1.05 | 8.04 | 0.76 |
| Other Liabilities | 0.66 | 0.45 | 0.89 | 1.15 | 1.56 | 6.78 | 8.68 | 13.17 |
| Total Liabilities | 6.83 | 5.43 | 4.4 | 5.99 | 10.67 | 31.42 | 41.73 | 65.91 |
| Fixed Assets | 3.8 | 1.33 | 0.08 | 0.05 | 0.71 | 6.75 | 15.15 | 26.51 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.69 | 0.57 | 0 | 0 | 0.02 | 7.14 | 1.16 | 8.05 |
| Other Assets | 2.34 | 3.53 | 4.32 | 5.94 | 9.94 | 17.53 | 25.42 | 31.35 |
| Total Assets | 6.83 | 5.43 | 4.4 | 5.99 | 10.67 | 31.42 | 41.73 | 65.91 |
Cash Flow
| Particulars | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 0.05 | -2.28 | -0.18 | -0.28 | 0.4 | -8.01 | 0.03 | 2.86 |
| Investing | -0.36 | 1.12 | 0.16 | 0.38 | -0.68 | 9.26 | -0.26 | -16.86 |
| Financing | 0.38 | 1.12 | -0.04 | -0.04 | -0.07 | -0.28 | -0.48 | 15.79 |
| Net Cash Flow | 0.06 | -0.04 | -0.05 | 0.06 | -0.36 | 0.97 | -0.71 | 1.79 |
| Free Cash Flow | 0.02 | -1.56 | -0.01 | -0.29 | -0.3 | -8.03 | -0.19 | 2.17 |
| CFO/OP | 5 | -1,425 | -20 | -165 | 45 | -1,147 | 441 | 340 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 126 | 178 | 37.56 | 28.23 | 30.91 | 29.52 | 31.64 | 19 |
| Inventory Days | 74.17 | 418 | 86.86 | 109 | 60.48 | 61.49 | 143 | 118 |
| Days Payable | 54.65 | 106 | 34.23 | 19.24 | 7.87 | 15.52 | 50.2 | 63.41 |
| Cash Conversion Cycle | 145 | 490 | 90.19 | 118 | 83.52 | 75.5 | 124 | 73.48 |
| Working Capital Days | 16.73 | 347 | 107 | 97.82 | 26.43 | 101 | 117 | 123 |
| ROCE % | — | -7% | — | 9.21% | 12.97% | 8% | 5.3% | 3.01% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Gretex Industries insights
59 extracted metrics + investor summaries across FY16–FY26.
Documents
1
Copy of Newspaper Publication
10 Sep - Postal ballot notice dated September 4, 2026 published in Financial Express and Duranta Barta. 10 Sep - Postal ballot notice dated September 4, 2026 published in Financial Express and Duranta Barta.
2
Shareholders meeting
9 Sep - Postal ballot seeks approval to sell three subsidiaries for up to ₹26.90 crore and revise preferential issue use. 9 Sep - Postal ballot seeks approval to sell three subsidiaries for up to ₹26.90 crore and revise preferential issue use.
3
Outcome of Board Meeting
4 Sep - Board approved sale of stakes in three subsidiaries on September 4, 2026, totaling up to ₹26.90 crore. 4 Sep - Board approved sale of stakes in three subsidiaries on September 4, 2026, totaling up to ₹26.90 crore.
4
General Updates
4 Sep - Gretrex signed SPA on 25 Aug 2026 to acquire 98% of Arpan Tie Up Pvt Ltd, making it a subsidiary. 4 Sep - Gretrex signed SPA on 25 Aug 2026 to acquire 98% of Arpan Tie Up Pvt Ltd, making it a subsidiary.
5
General Updates
4 Sep - Board approved sale of stakes in three subsidiaries for up to ₹26.90 crore, subject to shareholder postal ballot approval. 4 Sep - Board approved sale of stakes in three subsidiaries for up to ₹26.90 crore, subject to shareholder postal ballot approval.
Frequently Asked Questions about Gretex Industries
What does Gretex Industries Ltd do?
Gretex Industries Limited is a Kolkata-based wholesale/retail distributor of musical instruments, professional audio/AV equipment and accessories, with 23+ brand partnerships, 5,500+ products and multi-channel sales through retail, dealers, institutions/B2B and online.[1]
Where is Gretex Industries Ltd (GRETEX) listed?
Gretex Industries Ltd trades as GRETEX on the NSE.
Which sector does Gretex Industries Ltd belong to?
Gretex Industries Ltd is classified under the Media sector, in the Media & Entertainment industry.
What is the market capitalisation of Gretex Industries Ltd?
Gretex Industries Ltd has a market capitalisation of ₹349.12 Cr, which places it in the Small Cap band.
What is the PE ratio of Gretex Industries Ltd?
Gretex Industries Ltd trades at a PE ratio of 261.80, against a book value of ₹33.52 per share.
What is the 52-week high and low of Gretex Industries Ltd?
Over the last 52 weeks Gretex Industries Ltd has traded between ₹180.5 and ₹304.
What is the Return on Equity (ROE) of Gretex Industries Ltd?
Gretex Industries Ltd reported a return on equity of 5.31%. Its debt-to-equity ratio is 0.01.
Company Information
Gretex Industries Limited is a Kolkata-based wholesale/retail distributor of musical instruments, professional audio/AV equipment and accessories, with 23+ brand partnerships, 5,500+ products and multi-channel sales through retail, dealers, institutions/B2B and online.[1]
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