Gretex Corporate Services Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 8:07 pm

Market Cap	573 Cr.
Current Price	481
High / Low	617/302
Stock P/E	13.3
Book Value	171
Dividend Yield	0.12 %
ROCE	50.2 %
ROE	37.4 %
Face Value	10.0
PEG Ratio	0.14

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Gretex Corporate Services Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Gretex Corporate Services Ltd	573 Cr.	481	617/302	13.3	171	0.12 %	50.2 %	37.4 %	10.0
Industry Average	573.00 Cr	481.00		13.30	171.00	0.12%	50.20%	37.40%	10.00

All Competitor Stocks of

Quarterly Result

Month	Dec 2022	Mar 2023	Jun 2023	Dec 2023	Mar 2024	Jun 2024
Sales	0.96	7.07	5.31	43.75	53.86	39.61
Expenses	1.31	2.08	3.75	20.70	34.92	30.20
Operating Profit	-0.35	4.99	1.56	23.05	18.94	9.41
OPM %	-36.46%	70.58%	29.38%	52.69%	35.17%	23.76%
Other Income	1.12	16.72	0.98	1.85	-0.04	0.33
Interest	0.09	0.13	0.01	0.00	0.00	0.01
Depreciation	0.00	0.41	0.09	0.26	0.47	0.41
Profit before tax	0.68	21.17	2.44	24.64	18.43	9.32
Tax %	-11.76%	6.00%	15.57%	24.03%	25.18%	25.21%
Net Profit	0.76	19.90	2.06	18.72	11.75	6.97
EPS in Rs	0.66	18.63	1.79	16.26	7.80	4.36

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	2	3	1	3	4	14	113
Expenses	3	2	2	2	3	5	65
Operating Profit	-0	1	-1	1	2	9	48
OPM %	-15%	22%	-78%	35%	38%	62%	43%
Other Income	0	0	0	0	0	16	2
Interest	0	0	0	0	0	0	1
Depreciation	0	0	0	0	0	0	2
Profit before tax	-0	0	-1	1	2	24	47
Tax %	10%	20%	1%	4%	3%	9%	22%
Net Profit	-1	0	-2	1	4	22	37
EPS in Rs	-1.16	0.40	-2.54	0.69	3.05	18.63	23.58
Dividend Payout %	0%	0%	0%	0%	0%	2%	1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	100.00%	150.00%	300.00%	450.00%	68.18%
Change in YoY Net Profit Growth (%)	0.00%	50.00%	150.00%	150.00%	-381.82%

Gretex Corporate Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	105%
3 Years:	230%
TTM:	705%

Compounded Profit Growth
10 Years:	%
5 Years:	156%
3 Years:	254%
TTM:	28%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	178%
1 Year:	58%

Return on Equity
10 Years:	%
5 Years:	43%
3 Years:	48%
Last Year:	37%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:37 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.65	0.65	0.65	0.90	1	10	12	12
Reserves	4	5	3	5	12	28	97	191
Borrowings	2	3	4	2	2	0	4	7
Other Liabilities	1	1	1	1	4	10	63	81
Total Liabilities	8	9	8	10	20	48	177	291
Fixed Assets	4	3	3	3	9	10	41	43
CWIP	0	0	0	0	0	0	0	0
Investments	3	4	4	5	8	33	50	132
Other Assets	1	2	1	2	2	5	86	116
Total Assets	8	9	8	10	20	48	177	291

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-0	0	-0	1	2	10	-19
Cash from Investing Activity +	1	-0	-0	-1	-4	-8	-37
Cash from Financing Activity +	-0	0	1	0	3	-2	67
Net Cash Flow	-0	0	0	0	0	1	12

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-2.00	-2.00	-5.00	-1.00	0.00	9.00	44.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	16	25	49	144	41	15	7
Inventory Days							363
Days Payable							0
Cash Conversion Cycle	16	25	49	144	41	15	369
Working Capital Days	-30	45	-62	79	50	-90	150
ROCE %		7%	-11%	13%	14%	79%	50%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Mar 2022	Sep 2022	Oct 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Promoters	73.48%	73.48%	73.48%	73.48%	69.61%	66.24%	66.24%	66.24%
Public	26.52%	26.52%	26.52%	26.51%	30.39%	33.76%	33.76%	33.76%
No. of Shareholders	123	84	82	105	96	924	1,101	1,008

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	24.84	17.24	33.78	7.44	-24.62
Diluted EPS (Rs.)	24.84	17.24	33.78	7.44	-24.62
Cash EPS (Rs.)	31.97	6.62	14.88	9.65	-15.29
Book Value[Excl.RevalReserv]/Share (Rs.)	129.84	33.93	146.90	69.79	57.02
Book Value[Incl.RevalReserv]/Share (Rs.)	129.84	33.93	146.90	69.79	57.02
Revenue From Operations / Share (Rs.)	94.65	12.33	36.35	33.15	17.50
PBDIT / Share (Rs.)	42.03	8.91	17.44	13.25	-10.41
PBIT / Share (Rs.)	40.64	8.67	15.96	11.54	-12.84
PBT / Share (Rs.)	39.70	8.40	13.83	8.31	-17.39
Net Profit / Share (Rs.)	30.59	6.37	13.40	7.94	-17.72
NP After MI And SOA / Share (Rs.)	23.58	17.24	31.43	6.84	-24.62
PBDIT Margin (%)	44.40	72.27	47.97	39.97	-59.49
PBIT Margin (%)	42.93	70.27	43.91	34.81	-73.36
PBT Margin (%)	41.94	68.09	38.05	25.05	-99.31
Net Profit Margin (%)	32.31	51.65	36.87	23.94	-101.25
NP After MI And SOA Margin (%)	24.91	139.74	86.46	20.63	-140.63
Return on Networth / Equity (%)	24.97	56.52	26.34	9.80	-43.17
Return on Capital Employeed (%)	29.36	25.26	9.63	11.77	-12.96
Return On Assets (%)	15.38	43.10	18.05	6.08	-19.22
Long Term Debt / Equity (X)	0.00	0.00	0.13	0.36	0.67
Total Debt / Equity (X)	0.00	0.00	0.14	0.36	0.97
Asset Turnover Ratio (%)	1.00	0.57	0.32	0.31	0.12
Current Ratio (X)	4.99	1.98	2.24	1.56	0.39
Quick Ratio (X)	2.01	1.98	2.24	1.56	0.39
Dividend Payout Ratio (NP) (%)	3.15	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	2.98	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	96.85	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	97.02	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	274.67	43.64	8.18	4.10	-2.29
Interest Coverage Ratio (Post Tax) (X)	206.03	32.50	7.29	3.45	-2.90
Enterprise Value (Cr.)	442.44	207.81	26.52	0.00	0.00
EV / Net Operating Revenue (X)	4.06	16.46	6.41	0.00	0.00
EV / EBITDA (X)	9.14	22.77	13.37	0.00	0.00
MarketCap / Net Operating Revenue (X)	3.88	16.30	5.36	0.00	0.00
Retention Ratios (%)	96.84	0.00	0.00	0.00	0.00
Price / BV (X)	3.89	6.59	1.63	0.00	0.00
Price / Net Operating Revenue (X)	3.88	16.30	5.36	0.00	0.00
EarningsYield	0.06	0.08	0.16	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gretex Corporate Services Ltd as of December 23, 2024 is: 851.61

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 23, 2024, Gretex Corporate Services Ltd is Undervalued by 77.05% compared to the current share price 481.00

Intrinsic Value of Gretex Corporate Services Ltd as of December 23, 2024 is: 1,647.78

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 23, 2024, Gretex Corporate Services Ltd is Undervalued by 242.57% compared to the current share price 481.00

Last 5 Year EPS CAGR: 93.49%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.71%, which is a positive sign. The stock has a low average Working Capital Days of 20.29, which is a positive sign. The company has higher reserves (43.13 cr) compared to borrowings (3.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (20.00 cr) and profit (10.43 cr) over the years.	The stock has a high average Cash Conversion Cycle of 94.14, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Gretex Corporate Services Ltd:
1. Net Profit Margin: 32.31%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 29.36% (Industry Average ROCE: 50.2%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 24.97% (Industry Average ROE: 37.4%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 206.03
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.01
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 13.3 (Industry average Stock P/E: 13.3)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Gretex Corporate Services Ltd. is a Public Limited Listed company incorporated on 05/09/2008 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999MH2008PLC288128 and registration number is 288128. Currently Company is involved in the business activities of Financial Advisory, brokerage and Consultancy Services. Company’s Total Operating Revenue is Rs. 4.13 Cr. and Equity Capital is Rs. 1.14 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Capital Markets Related Services	A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Mumbai Maharashtra 400013	info@gretexgroup.com http://www.gretexcorporate.com

Management
Name	Position Held
Mr. Alok Harlalka	Managing Director & CFO
Mr. Arvind Harlalka	Whole Time Director
Mr. Sumeet Harlalka	Whole Time Director
Mr. Rajiv Kumar Agarwal	Ind. Non-Executive Director
Ms. Dimple Laxminarayan Khetan	Ind. Non-Executive Director
Ms. Khusbu Agrawal	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Gretex Corporate Services Ltd?

The latest intrinsic value of Gretex Corporate Services Ltd as on 23 December 2024 is ₹851.61, which is 77.05% higher than the current market price of ₹481.00. The stock has a market capitalization of 573 Cr. and recorded a high/low of 617/302 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹191 Cr and total liabilities of ₹291 Cr.

What is the Market Cap of Gretex Corporate Services Ltd?

The Market Cap of Gretex Corporate Services Ltd is 573 Cr..

What is the current Stock Price of Gretex Corporate Services Ltd as on 23 December 2024?

The current stock price of Gretex Corporate Services Ltd as on 23 December 2024 is 481.

What is the High / Low of Gretex Corporate Services Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Gretex Corporate Services Ltd stocks is 617/302.

What is the Stock P/E of Gretex Corporate Services Ltd?

The Stock P/E of Gretex Corporate Services Ltd is 13.3.

What is the Book Value of Gretex Corporate Services Ltd?

The Book Value of Gretex Corporate Services Ltd is 171.

What is the Dividend Yield of Gretex Corporate Services Ltd?

The Dividend Yield of Gretex Corporate Services Ltd is 0.12 %.

What is the ROCE of Gretex Corporate Services Ltd?

The ROCE of Gretex Corporate Services Ltd is 50.2 %.

What is the ROE of Gretex Corporate Services Ltd?

The ROE of Gretex Corporate Services Ltd is 37.4 %.

What is the Face Value of Gretex Corporate Services Ltd?

The Face Value of Gretex Corporate Services Ltd is 10.0.

Share Price and Basic Stock Data

Stock P/E, Current Price, and Intrinsic Value Over Time

Competitors of

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Gretex Corporate Services Ltd?

What is the Market Cap of Gretex Corporate Services Ltd?

What is the current Stock Price of Gretex Corporate Services Ltd as on 23 December 2024?

What is the High / Low of Gretex Corporate Services Ltd stocks in FY 2024-2025?

What is the Stock P/E of Gretex Corporate Services Ltd?

What is the Book Value of Gretex Corporate Services Ltd?

What is the Dividend Yield of Gretex Corporate Services Ltd?

What is the ROCE of Gretex Corporate Services Ltd?

What is the ROE of Gretex Corporate Services Ltd?

What is the Face Value of Gretex Corporate Services Ltd?

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