Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹0.36 (vs ₹0.23 in FY 2025) Full year 2026 results: EPS: ₹0.36 (up from ₹0.23 in FY 2025). Revenue: ₹42.7m (up 14% from FY 2025). Net income: ₹1.10m (up 54% from FY 2025). Profit margin: 2.6% (up from 1.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Aankondiging • May 15
Gratex Industries Limited to Report Q4, 2026 Results on May 26, 2026 Gratex Industries Limited announced that they will report Q4, 2026 results on May 26, 2026 Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.09 (vs ₹0.16 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.09 (down from ₹0.16 in 3Q 2025). Revenue: ₹9.86m (down 2.3% from 3Q 2025). Net income: ₹264.0k (down 47% from 3Q 2025). Profit margin: 2.7% (down from 4.9% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Aankondiging • Jan 28
Gratex Industries Limited to Report Q3, 2026 Results on Feb 11, 2026 Gratex Industries Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 11, 2026 Board Change • Jan 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Akanksha Bector was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 03
Gratex Industries Limited to Report Q2, 2026 Results on Nov 11, 2025 Gratex Industries Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹19.69, the stock trades at a trailing P/E ratio of 74.3x. Average trailing P/E is 29x in the Retail Distributors industry in India. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.06 (vs ₹0.03 in 1Q 2025) First quarter 2026 results: EPS: ₹0.06 (up from ₹0.03 in 1Q 2025). Revenue: ₹9.10m (down 9.5% from 1Q 2025). Net income: ₹193.0k (up 87% from 1Q 2025). Profit margin: 2.1% (up from 1.0% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Aug 08
Gratex Industries Limited, Annual General Meeting, Sep 16, 2025 Gratex Industries Limited, Annual General Meeting, Sep 16, 2025, at 13:00 Indian Standard Time. Aankondiging • Aug 04
Gratex Industries Limited to Report Q1, 2026 Results on Aug 12, 2025 Gratex Industries Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jul 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Revenue is less than US$1m (₹38m revenue, or US$437k). Market cap is less than US$10m (₹59.7m market cap, or US$695.1k). Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0.24 (vs ₹0.31 in FY 2024) Full year 2025 results: EPS: ₹0.24 (down from ₹0.31 in FY 2024). Revenue: ₹37.5m (down 6.0% from FY 2024). Net income: ₹714.0k (down 24% from FY 2024). Profit margin: 1.9% (down from 2.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Aankondiging • May 19
Gratex Industries Limited to Report Q4, 2025 Results on May 30, 2025 Gratex Industries Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹16.51, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 27x in the Retail Distributors industry in India. Total returns to shareholders of 20% over the past three years. Board Change • Feb 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Akanksha Bector was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 29
Gratex Industries Limited to Report Q3, 2025 Results on Feb 11, 2025 Gratex Industries Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.011 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.02 (up from ₹0.011 in 2Q 2024). Revenue: ₹10.4m (up 8.4% from 2Q 2024). Net income: ₹48.0k (up 46% from 2Q 2024). Profit margin: 0.5% (up from 0.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 31
Gratex Industries Limited to Report Q2, 2025 Results on Nov 11, 2024 Gratex Industries Limited announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Sep 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Revenue is less than US$1m (₹39m revenue, or US$471k). Market cap is less than US$10m (₹61.4m market cap, or US$732.6k). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.03 (vs ₹0.11 in 1Q 2024) First quarter 2025 results: EPS: ₹0.03 (down from ₹0.11 in 1Q 2024). Revenue: ₹10.1m (down 4.6% from 1Q 2024). Net income: ₹103.0k (down 70% from 1Q 2024). Profit margin: 1.0% (down from 3.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Aankondiging • Aug 02
Gratex Industries Limited to Report Q1, 2025 Results on Aug 09, 2024 Gratex Industries Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Aankondiging • Jul 09
Gratex Industries Limited, Annual General Meeting, Aug 14, 2024 Gratex Industries Limited, Annual General Meeting, Aug 14, 2024, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹22.51, the stock trades at a trailing P/E ratio of 72.7x. Average trailing P/E is 49x in the Retail Distributors industry in India. Total returns to shareholders of 103% over the past three years. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹0.31 (vs ₹0.62 in FY 2023) Full year 2024 results: EPS: ₹0.31 (down from ₹0.62 in FY 2023). Revenue: ₹39.9m (down 6.2% from FY 2023). Net income: ₹940.0k (down 50% from FY 2023). Profit margin: 2.4% (down from 4.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Aankondiging • May 23
Gratex Industries Limited to Report Q4, 2024 Results on May 30, 2024 Gratex Industries Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹41m revenue, or US$488k). Market cap is less than US$10m (₹58.4m market cap, or US$699.1k). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹19.81, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 41x in the Retail Distributors industry in India. Total returns to shareholders of 71% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹0.07 (vs ₹0.15 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.07 (down from ₹0.15 in 3Q 2023). Revenue: ₹10.5m (down 20% from 3Q 2023). Net income: ₹220.0k (down 51% from 3Q 2023). Profit margin: 2.1% (down from 3.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 06
Gratex Industries Limited to Report Q3, 2024 Results on Feb 13, 2024 Gratex Industries Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹19.34, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 41x in the Retail Distributors industry in India. Total returns to shareholders of 128% over the past three years. Aankondiging • Oct 29
Gratex Industries Limited to Report Q2, 2024 Results on Nov 06, 2023 Gratex Industries Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Aankondiging • Sep 27
Gratex Industries Limited Appoints Akanksha Bector as Independent Director Gratex Industries Limited at its AGM held on September 26, 2023 approved Appointment of Ms. Akanksha Bector (DIN: 07876194) as Director of the Company who was appointed as additional director of the company on 14th August 2023 and as an Independent Director of the Company for a term of five years with effect from August 14, 2023 upto 13th August, 2028. Ms. Akanksha Bector is a member of ICAI. She is a Finance professional, Social Impact Researcher & Entrepreneur. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹0.11 (vs ₹0.10 in 1Q 2023) First quarter 2024 results: EPS: ₹0.11 (up from ₹0.10 in 1Q 2023). Revenue: ₹10.5m (up 16% from 1Q 2023). Net income: ₹339.0k (up 14% from 1Q 2023). Profit margin: 3.2% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 01
Gratex Industries Limited to Report Q1, 2024 Results on Aug 08, 2023 Gratex Industries Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹16.98, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 36x in the Retail Distributors industry in India. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹18.44, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 42x in the Retail Distributors industry in India. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹15.75, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 41x in the Retail Distributors industry in India. Total returns to shareholders of 36% over the past year. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: ₹0.62 (vs ₹0.33 in FY 2022) Full year 2023 results: EPS: ₹0.62 (up from ₹0.33 in FY 2022). Revenue: ₹42.6m (up 41% from FY 2022). Net income: ₹1.88m (up 89% from FY 2022). Profit margin: 4.4% (up from 3.3% in FY 2022). The increase in margin was driven by higher revenue. Aankondiging • May 23
Gratex Industries Limited to Report Q4, 2023 Results on May 30, 2023 Gratex Industries Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹15.45, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 26x in the Retail Distributors industry in India. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹16.80, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 25x in the Retail Distributors industry in India. Total returns to shareholders of 46% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.15 (vs ₹0.11 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.15 (up from ₹0.11 in 3Q 2022). Revenue: ₹13.0m (up 40% from 3Q 2022). Net income: ₹447.0k (up 37% from 3Q 2022). Profit margin: 3.4% (down from 3.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Feb 02
Gratex Industries Limited to Report Q3, 2023 Results on Feb 10, 2023 Gratex Industries Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 20% share price gain to ₹25.00, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 42x in the Retail Distributors industry in India. Total returns to shareholders of 100% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Independent Director Prashant Sawant was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Nov 03
Gratex Industries Limited to Report Q2, 2023 Results on Nov 08, 2022 Gratex Industries Limited announced that they will report Q2, 2023 results on Nov 08, 2022 Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹34.25, the stock trades at a trailing P/E ratio of 70.8x. Average trailing P/E is 44x in the Retail Distributors industry in India. Total returns to shareholders of 185% over the past three years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 16% share price gain to ₹12.54, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 42x in the Retail Distributors industry in India. Negligible returns to shareholders over past three years. Aankondiging • Aug 04
Gratex Industries Limited, Annual General Meeting, Sep 14, 2022 Gratex Industries Limited, Annual General Meeting, Sep 14, 2022, at 13:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon; and to appoint a Director in place of Mrs. Mona Pratap Menon (DIN: 00117025) who retires by rotation and being eligible, offers herself for re-appointment. Aankondiging • Jul 24
Gratex Industries Limited to Report Q1, 2023 Results on Aug 01, 2022 Gratex Industries Limited announced that they will report Q1, 2023 results on Aug 01, 2022 Aankondiging • May 21
Gratex Industries Limited to Report Q4, 2022 Results on May 30, 2022 Gratex Industries Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Prashant Sawant was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹0.08 (vs ₹0.53 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹19.0m (down 45% from FY 2020). Net income: ₹229.0k (down 86% from FY 2020). Profit margin: 1.2% (down from 4.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹0.03 (vs ₹0.41 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹5.85m (down 40% from 3Q 2020). Net income: ₹103.0k (down 92% from 3Q 2020). Profit margin: 1.8% (down from 13% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹12.95, the stock is trading at a trailing P/E ratio of 39.2x, up from the previous P/E ratio of 33.9x. This compares to an average P/E of 38x in the Retail Distributors industry in India. Total return to shareholders over the past three years is a loss of 11%. Aankondiging • Feb 04
Gratex Industries Limited to Report Q3, 2021 Results on Feb 12, 2021 Gratex Industries Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Feb 02
New 90-day high: ₹11.76 The company is up 14% from its price of ₹10.29 on 30 October 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 30% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: ₹10.39 The company is up 12% from its price of ₹9.30 on 16 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹10.39, the stock is trading at a trailing P/E ratio of 31.5x, up from the previous P/E ratio of 27.3x. This compares to an average P/E of 35x in the Retail Distributors industry in India. Total return to shareholders over the past three years is a loss of 29%. Is New 90 Day High Low • Nov 24
New 90-day low: ₹8.90 The company is down 4.0% from its price of ₹9.25 on 26 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 8.0% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS ₹0.04 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹5.52m (down 32% from 2Q 2020). Net income: ₹130.0k (down 69% from 2Q 2020). Profit margin: 2.4% (down from 5.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Aankondiging • Sep 08
Gratex Industries Limited to Report Q1, 2021 Results on Sep 08, 2020 Gratex Industries Limited announced that they will report Q1, 2021 results on Sep 08, 2020 Aankondiging • Jul 26
Gratex Industries Limited to Report Q4, 2020 Results on Jul 30, 2020 Gratex Industries Limited announced that they will report Q4, 2020 results on Jul 30, 2020 
