company background image
GRET

Gretex Industries NSEI:GRETEX Stock Report

Last Price

₹11.00

Market Cap

₹46.3m

7D

0%

1Y

11.7%

Updated

22 Jun, 2022

Data

Company Financials
GRETEX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends0/6

GRETEX Stock Overview

Gretex Industries Limited engages in trading musical instruments in India.

Gretex Industries Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Gretex Industries
Historical stock prices
Current Share Price₹11.00
52 Week High₹11.20
52 Week Low₹9.30
Beta-0.18
1 Month Changen/a
3 Month Changen/a
1 Year Change11.68%
3 Year Change92.98%
5 Year Changen/a
Change since IPO-7.17%

Recent News & Updates

Shareholder Returns

GRETEXIN Retail DistributorsIN Market
7D0%-4.2%-1.6%
1Y11.7%19.4%-1.6%

Return vs Industry: GRETEX underperformed the Indian Retail Distributors industry which returned 19.4% over the past year.

Return vs Market: GRETEX exceeded the Indian Market which returned -1.6% over the past year.

Price Volatility

Is GRETEX's price volatile compared to industry and market?
GRETEX volatility
GRETEX Average Weekly Movementn/a
Retail Distributors Industry Average Movement7.7%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.7%
10% least volatile stocks in IN Market4.4%

Stable Share Price: Insufficient data to determine GRETEX's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine GRETEX's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009n/aArvind Harlalkahttps://www.gretexindustries.com

Gretex Industries Limited engages in trading musical instruments in India. The company offers digital pianos, guitars, drum pads, recorders, keyboards, adaptors and foot controller switch, and synthesizers; strings, drumheads and drumsticks, reeds, and guitar accessories; and sound cards, microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and accessories for audio and recording. It also manufactures and sells hosiery garments, including wooly coats, thermal inner wears, leggings, etc. under the Rupa, Dollar, TT, and other brands.

Gretex Industries Fundamentals Summary

How do Gretex Industries's earnings and revenue compare to its market cap?
GRETEX fundamental statistics
Market Cap₹46.33m
Earnings (TTM)₹5.37m
Revenue (TTM)₹130.64m

8.6x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRETEX income statement (TTM)
Revenue₹130.64m
Cost of Revenue₹117.36m
Gross Profit₹13.28m
Other Expenses₹7.91m
Earnings₹5.37m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.27
Gross Margin10.16%
Net Profit Margin4.11%
Debt/Equity Ratio18.9%

How did GRETEX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GRETEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRETEX?

Other financial metrics that can be useful for relative valuation.

GRETEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA11.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GRETEX's PE Ratio compare to its peers?

GRETEX PE Ratio vs Peers
The above table shows the PE ratio for GRETEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average248.6x

Price-To-Earnings vs Peers: GRETEX is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (248.6x).


Price to Earnings Ratio vs Industry

How does GRETEX's PE Ratio compare vs other companies in the Indian Retail Distributors Industry?

Price-To-Earnings vs Industry: GRETEX is good value based on its Price-To-Earnings Ratio (8.6x) compared to the Indian Retail Distributors industry average (44.6x)


Price to Earnings Ratio vs Fair Ratio

What is GRETEX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRETEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GRETEX's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GRETEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GRETEX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GRETEX's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GRETEX's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.4%

Forecasted Retail industry annual growth in earnings

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 SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Gretex Industries performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


67.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRETEX has a high level of non-cash earnings.

Growing Profit Margin: GRETEX's current net profit margins (4.1%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: GRETEX has become profitable over the past 5 years, growing earnings by 67.1% per year.

Accelerating Growth: GRETEX's earnings growth over the past year (127.8%) exceeds its 5-year average (67.1% per year).

Earnings vs Industry: GRETEX earnings growth over the past year (127.8%) exceeded the Retail Distributors industry 20.3%.


Return on Equity

High ROE: GRETEX's Return on Equity (12.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Gretex Industries's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GRETEX's short term assets (₹57.5M) exceed its short term liabilities (₹16.2M).

Long Term Liabilities: GRETEX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GRETEX's net debt to equity ratio (4.4%) is considered satisfactory.

Reducing Debt: GRETEX's debt to equity ratio has reduced from 30.3% to 18.9% over the past 5 years.

Debt Coverage: GRETEX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GRETEX's interest payments on its debt are well covered by EBIT (10.2x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GRETEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GRETEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GRETEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GRETEX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GRETEX has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average board tenure


CEO

Arvind Harlalka (46 yo)

no data

Tenure

₹1,200,000

Compensation

Mr. Arvind Harlalka serves as Executive Non-Independent Chairperson and Managing Director of Gretex Industries Limited and has been its Non-Independent Executive Director since February 24, 2010. Mr. Harla...


CEO Compensation Analysis

Compensation vs Market: Arvind's total compensation ($USD15.36K) is below average for companies of similar size in the Indian market ($USD38.49K).

Compensation vs Earnings: Arvind's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: GRETEX's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gretex Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Gretex Industries Limited
  • Ticker: GRETEX
  • Exchange: NSEI
  • Founded: 2009
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: ₹46.328m
  • Shares outstanding: 4.21m
  • Website: https://www.gretexindustries.com

Location

  • Gretex Industries Limited
  • 90, Phears Lane
  • 5th Floor
  • Kolkata
  • West Bengal
  • 700012
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/22 00:00
End of Day Share Price2022/06/14 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.