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Gretex Industries

NSEI:GRETEX
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GRETEX
NSEI
₹25M
Market Cap
  1. Home
  2. IN
  3. Retail
Company description

Gretex Industries Limited engages in the retail sale of musical instruments in India. The last earnings update was 258 days ago. More info.


Add to Portfolio Compare Print
  • Gretex Industries has significant price volatility in the past 3 months.
GRETEX Share Price and Events
7 Day Returns
0%
NSEI:GRETEX
-10.3%
IN Specialty Retail
-0.1%
IN Market
1 Year Returns
-
NSEI:GRETEX
-30.2%
IN Specialty Retail
-3.7%
IN Market
GRETEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gretex Industries (GRETEX) 0% 0% - - - -
IN Specialty Retail -10.3% -15% 14.2% -30.2% 40.8% 134%
IN Market -0.1% -5% 4.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • No trading data on GRETEX.
  • No trading data on GRETEX.
Price Volatility
GRETEX
Industry
5yr Volatility vs Market

GRETEX Value

 Is Gretex Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Gretex Industries. This is due to cash flow or dividend data being unavailable. The share price is ₹6.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gretex Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gretex Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GRETEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹0.15
NSEI:GRETEX Share Price ** NSEI (2019-04-01) in INR ₹6
India Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 22.36x
India Market PE Ratio Median Figure of 2,758 Publicly-Listed Companies 15.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gretex Industries.

NSEI:GRETEX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:GRETEX Share Price ÷ EPS (both in INR)

= 6 ÷ 0.15

39.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gretex Industries is overvalued based on earnings compared to the IN Specialty Retail industry average.
  • Gretex Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Gretex Industries's expected growth come at a high price?
Raw Data
NSEI:GRETEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Specialty Retail Industry PEG Ratio Median Figure of 16 Publicly-Listed Specialty Retail Companies 0.85x
India Market PEG Ratio Median Figure of 559 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gretex Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gretex Industries's assets?
Raw Data
NSEI:GRETEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹9.53
NSEI:GRETEX Share Price * NSEI (2019-04-01) in INR ₹6
India Specialty Retail Industry PB Ratio Median Figure of 26 Publicly-Listed Specialty Retail Companies 2.06x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
NSEI:GRETEX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:GRETEX Share Price ÷ Book Value per Share (both in INR)

= 6 ÷ 9.53

0.63x

* Primary Listing of Gretex Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gretex Industries is good value based on assets compared to the IN Specialty Retail industry average.
X
Value checks
We assess Gretex Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Gretex Industries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GRETEX Future Performance

 How is Gretex Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gretex Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
37.7%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gretex Industries expected to grow at an attractive rate?
  • Unable to compare Gretex Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gretex Industries's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Gretex Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:GRETEX Future Growth Rates Data Sources
Data Point Source Value (per year)
India Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
Asia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
India Market Earnings Growth Rate Market Cap Weighted Average 16.8%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GRETEX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GRETEX Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 80 -4 1
2017-03-31 24 -23 -16
2016-03-31 37 0 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gretex Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Gretex Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GRETEX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gretex Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GRETEX Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 0.15
2017-03-31 -4.35
2016-03-31 0.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gretex Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Gretex Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Gretex Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Gretex Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Gretex Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gretex Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GRETEX Past Performance

  How has Gretex Industries performed over the past 5 years?

  • Gretex Industries's last earnings update was 258 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gretex Industries's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Gretex Industries's year on year earnings growth rate was positive over the past 5 years.
  • Gretex Industries has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Gretex Industries has become profitable in the last year making it difficult to compare the IN Specialty Retail industry average.
Earnings and Revenue History
Gretex Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gretex Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GRETEX Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 80.47 0.65 3.51
2017-03-31 23.82 -15.92 2.48
2016-03-31 37.19 2.43 3.08
2015-03-31 38.86 2.77 2.86
2014-03-31 2.23 0.34 0.05
2013-03-31 1.00 0.03 0.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gretex Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gretex Industries used its assets less efficiently than the IN Specialty Retail industry average last year based on Return on Assets.
  • Gretex Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gretex Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gretex Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GRETEX Health

 How is Gretex Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gretex Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gretex Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gretex Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gretex Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gretex Industries Company Filings, last reported 1 year ago.

NSEI:GRETEX Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 40.12 11.24 4.67
2017-03-31 38.26 11.58 7.85
2016-03-31 34.57 27.13 9.47
2015-03-31 23.56 41.91 4.14
2014-03-31 20.45 33.41 5.84
2013-03-31 11.93 10.19 11.51
  • Gretex Industries's level of debt (28%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (85.8% vs 28% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Gretex Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gretex Industries has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GRETEX Dividends

 What is Gretex Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Gretex Industries dividends.
If you bought ₹2,000 of Gretex Industries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Gretex Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gretex Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GRETEX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 0.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1398 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Gretex Industries has not reported any payouts.
  • Unable to verify if Gretex Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gretex Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gretex Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gretex Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gretex Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gretex Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GRETEX Management

 What is the CEO of Gretex Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Arvind Harlalka
COMPENSATION ₹360,000
AGE 43
CEO Bio

Mr. Arvind Harlalka serves as Chairperson and Managing Director of Gretex Industries Limited and has been its Non Independent Executive Director since February 24, 2010. Mr. Harlalka has wide experience in Textile, Finance and Service Sector. He holds B.Com and FCS.

CEO Compensation
  • Arvind's compensation has been consistent with company performance over the past year.
  • Arvind's remuneration is lower than average for companies of similar size in India.
Management Team

Arvind Harlalka

TITLE
Chairperson & MD
COMPENSATION
₹360K
AGE
43

Pradeep Mertia

TITLE
Chief Financial Officer
COMPENSATION
₹5M
TENURE
1.8 yrs

Dipika Singhania

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹1M
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure of the Gretex Industries board of directors in years:

2.9
Average Tenure
  • The average tenure for the Gretex Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Arvind Harlalka

TITLE
Chairperson & MD
COMPENSATION
₹360K
AGE
43

Alok Harlalka

TITLE
Non Independent Non Executive Director
TENURE
1.8 yrs

Rahul Kumar

TITLE
Independent Non Executive Director
TENURE
2.9 yrs

Soma Nath

TITLE
Independent Non Executive Director
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Gretex Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gretex Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GRETEX News

Simply Wall St News

Should Gretex Industries Limited’s (NSE:GRETEX) Weak Investment Returns Worry You?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Kind Of Shareholders Own Gretex Industries Limited (NSE:GRETEX)?

Every investor in Gretex Industries Limited (NSE:GRETEX) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹40m, Gretex Industries is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Are Gretex Industries Limited's (NSE:GRETEX) Interest Costs Too High?

While small-cap stocks, such as Gretex Industries Limited (NSE:GRETEX) with its market cap of ₹44m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Companies operating in the Specialty Retail industry facing headwinds from current disruption,. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Why Gretex Industries Limited’s (NSE:GRETEX) Use Of Investor Capital Doesn’t Look Great

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Shareholder Owns Most Gretex Industries Limited (NSE:GRETEX) Stock?

A look at the shareholders of Gretex Industries Limited (NSE:GRETEX) can tell us which group is most powerful. … With a market capitalization of ₹67m, Gretex Industries is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Gretex Industries

Simply Wall St -

Are Gretex Industries Limited's (NSE:GRETEX) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Gretex Industries Limited (NSE:GRETEX), with a market cap of ₹64m. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Specialty Retail industry facing headwinds from current disruption,.

Simply Wall St -

Should You Be Concerned About Gretex Industries Limited's (NSE:GRETEX) Investors?

I am going to take a deep dive into Gretex Industries Limited’s (NSE:GRETEX) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Why Gretex Industries Limited's (NSE:GRETEX) Investor Composition Impacts Your Returns

Today, I will be analyzing Gretex Industries Limited’s (NSEI:GRETEX) recent ownership structure, an important but not-so-popular subject among individual investors. … Check out our latest analysis for Gretex Industries NSEI:GRETEX Ownership_summary May 18th 18 Institutional Ownership Institutional investors typically buy and sell shares in large magnitudes which can significantly sway the share price, especially when there are relatively small amounts of shares available on the market to trade. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: With a low level of institutional ownership, investors in GRETEX need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

How Much Money Does Gretex Industries Limited (NSE:GRETEX) Have Left?

View our latest analysis for Gretex Industries What is cash burn? … The measure of how fast Gretex Industries goes through its cash reserves over time is called the cash burn rate. … My cash burn analysis suggests that Gretex Industries has a cash runway of 2.7 years, given its current level of cash holdings.

Simply Wall St -

Are Gretex Industries Limited's (NSE:GRETEX) Interest Costs Too High?

How does GRETEX’s operating cash flow stack up against its debt? … With this debt repayment, the current cash and short-term investment levels stands at ₹7.85M , ready to deploy into the business. … GRETEX's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: GRETEX’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

GRETEX Company Info

Description

Gretex Industries Limited engages in the retail sale of musical instruments in India. It offers digital pianos, digital precussions, guitars, portable keyboards, and synthesizer-refaces, as well as guitar strings, instrument cables, clarinets, and drum sticks. The company also manufactures and sells hosiery garments, including wooly coats, thermal innerwear, and leggings under the Lekme brand name, as well as undertakes job work for various brands, such as Rupa, Dollar, TT, and other brands. Gretex Industries Limited was incorporated in 2009 and is based in Kolkata, India.

Details
Name: Gretex Industries Limited
GRETEX
Exchange: NSEI
Founded: 2009
₹25,269,600
4,211,600
Website: http://www.gretexindustries.com
Address: Gretex Industries Limited
Nanda Tower,
5th Floor,
Kolkata,
West Bengal, 700012,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI GRETEX Equity Shares National Stock Exchange of India IN INR 19. Oct 2016
Number of employees
Current staff
Staff numbers
0
Gretex Industries employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:06
End of day share price update: 2019/04/01 00:00
Last earnings filing: 2018/09/03
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.