Gretex Corporate Services Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 30.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.2%
- Company has delivered good sales growth of 126.7% CAGR over last 5 years
- Latest quarter profit grew 34.0% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -4.6pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.18x)
- Free cash flow has been persistently negative
- Working capital days have increased from 127 to 261 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| URBANCO | 166.95 | 0.00 | 25746.71 | 0.00 | -921.20 | -13373.78 | 5283.40 | 1338.56 | -8.23 | -18.44 |
| BLS | 231.65 | 13.51 | 9537.98 | 1.08 | 201.62 | 11.41 | 890.53 | 25.33 | 36.54 | 28.34 |
| SIS | 420.05 | 40.52 | 5937.25 | 1.67 | 101.66 | 9.37 | 4603.58 | 29.73 | 7.39 | 4.66 |
| QUESS | 350.00 | 20.70 | 5228.51 | 3.14 | 82.12 | 61.07 | 4181.68 | 14.52 | 24.72 | 2.02 |
| BLSE | 314.65 | 49.19 | 2858.80 | 0.32 | 18.63 | 6.30 | 304.09 | 24.63 | 18.67 | 6.98 |
| BLUSPRING | 131.50 | 100.98 | 1965.95 | 0.00 | -1.58 | 77.90 | 949.29 | 19.07 | 1.32 | 2.17 |
| TEAMLEASE | 1236.60 | 12.77 | 1889.70 | 0.00 | 34.45 | 37.74 | 3034.69 | 4.96 | 16.22 | 1.05 |
| KAPSTON | 588.20 | 58.70 | 1790.02 | 0.00 | 84.89 | 1284.83 | 2216.57 | 1062.33 | 13.16 | 6.56 |
| GCSL | 601.20 | 55.17 | 1503.32 | 0.12 | 128.00 | 1240.31 | 375.21 | 70.67 | 21.85 | 46.76 |
| UDS | 207.45 | 16.00 | 1388.94 | 0.00 | 30.28 | 4.47 | 764.29 | 9.15 | 9.99 | 5.54 |
| KRYSTAL | 615.35 | 14.01 | 859.76 | 0.24 | 17.41 | 5.92 | 360.71 | 11.65 | 16.36 | 6.33 |
| INNOVISION | 261.10 | 16.84 | 621.77 | 0.00 | -73.55 | -771.26 | 2638.15 | 948.03 | 37.59 | -3.82 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 6 | 44 | 54 | 40 | 94 | 66 | 60 | 220 | 80 | 42 | 35 | 375 | |
| 4 | 7 | 21 | 36 | 30 | 77 | 78 | 72 | 212 | 48 | 43 | 25 | 213 | |
| Operating Profit | 2 | -1 | 23 | 18 | 9 | 17 | -12 | -12 | 8 | 32 | -0 | 10 | 162 |
| OPM % | 29.38% | -9.21% | 52.69% | 33.49% | 23.76% | 17.81% | -18.95% | -20.49% | 3.71% | 39.91% | -0.83% | 27.89% | 43.27% |
| 1 | 1 | 3 | 1 | 0 | 3 | 14 | -11 | 7 | -12 | 13 | -1 | 5 | |
| Interest | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 2 | 0 | 0 | 1 | 3 |
| Depreciation | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 7 | 1 | 1 | 0 | 6 |
| Profit before Tax | 2 | 0 | 25 | 18 | 9 | 19 | 1 | -24 | 15 | 19 | 11 | 8 | 172 |
| Tax % | 15.57% | -100.00% | 24.23% | 25.18% | 25.21% | 21.76% | -60.00% | 11.36% | 36.38% | 32.94% | 40.30% | 6.57% | 25.56% |
| Net Profit | 0 | 0 | 0 | 0 | 7 | 15 | 1 | -21 | 10 | 13 | 7 | 7 | 128 |
| 2.01 | 3.29 | 11.24 | 7.93 | 4.36 | 8.49 | 2.84 | -15.11 | 0.42 | 5.71 | 3.03 | 2.73 | 3.97 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 3 | 1 | 3 | 4 | 13 | 109 | 259 | 179 | 194 | |
| 3 | 2 | 2 | 2 | 3 | 5 | 68 | 257 | 136 | 137 | |
| Operating Profit | -0 | 1 | -1 | 1 | 1 | 7 | 41 | 1 | 42 | 57 |
| OPM % | -15.07% | 22.11% | -83.60% | 31.40% | 34.63% | 58.07% | 37.32% | 0.54% | 23.75% | 29.55% |
| 0 | 0 | 0 | 0 | 1 | 3 | 8 | 7 | 1 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 2 | 2 |
| Profit before Tax | -0 | 0 | -1 | 1 | 2 | 24 | 47 | 5 | 39 | 55 |
| Tax % | -9.77% | 18.12% | -1.94% | 3.34% | 3.09% | 8.61% | 22.27% | 63.97% | 29.87% | 28.36% |
| Net Profit | -1 | 0 | -1 | 1 | 2 | 22 | 37 | 2 | 28 | 39 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 3.52 | 20.92 | 23.58 | 1.09 | 9.43 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.39% | 1.27% | 54.96% | 7.43% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 127%
- 3 Years:
- 142%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 105%
- 3 Years:
- 2%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 111%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 33%
- 3 Years:
- 22%
- Last Year:
- 16%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 10 | 12 | 12 | 24 |
| Minority Interest | 0 | 0 | 0 | 0 | 3 | 3 | 41 | 58 | 49 |
| 4 | 5 | 3 | 5 | 12 | 28 | 97 | 174 | 145 | |
| 2 | 2 | 4 | 3 | 2 | 0 | 10 | 16 | 13 | |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| 1 | 2 | 1 | 1 | 1 | 6 | 17 | 10 | 7 | |
| Total Liabilities | 8 | 9 | 8 | 10 | 20 | 48 | 176 | 270 | 240 |
| 4 | 3 | 3 | 3 | 3 | 4 | 31 | 31 | 30 | |
| 3 | 4 | 4 | 5 | 14 | 33 | 50 | 129 | 59 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 51 | 69 | 134 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 10 | |
| Cash & Bank | 0 | 0 | 0 | 0 | 1 | 1 | 21 | 17 | 1 |
| 1 | 2 | 1 | 2 | 2 | 10 | 22 | 21 | 6 | |
| Total Assets | 8 | 9 | 8 | 10 | 20 | 48 | 176 | 270 | 240 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -0 | 0 | -1 | 1 | 2 | 11 | -19 | -31 | -28 | |
| Cash from Investing | 1 | -0 | -0 | -1 | -4 | -8 | -37 | 2 | -9 |
| Cash from Financing | -0 | 0 | 1 | 1 | 3 | -2 | 67 | 28 | 26 |
| -0 | 0 | 0 | 0 | 0 | 1 | 12 | -2 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Gretex Corporate Services Limited has informed the Exchange about Conversion of warrants into equity shares
2026-09-08 - Gretex Corporate Services Limited has informed the Exchange regarding 'The company has filed Red Herring Prospectus (RHP) of the Vama Wovenfab Limited with the Registrar of Companies, Mumbai in connection with its proposed listing on SME Platform of BSE'.
2026-09-08 - Gretex Corporate Services Limited has informed the Exchange about Opening of Branch Office by Material Subsidiary
2026-08-19 - Gretex Corporate Services Limited has informed the Exchange regarding allotment of 750000 securities pursuant to Preferential Issue at its meeting held on August 19, 2026
2026-08-14 - Gretex Corporate Services Limited has informed the Exchange regarding allotment of 1201000 securities pursuant to Preferential Issue at its meeting held on August 10, 2026
2026-08-12 - Gretex Corporate Services Limited has informed the Exchange about Transcript
2026-08-10 - Gretex Corporate Services Limited has informed the Exchange about Link of Recording
2026-08-10 - Gretex Corporate Services Limited has informed the Exchange about Investor Presentation
2026-08-10 - Gretex Corporate Services Limited has informed the Exchange regarding allotment of 555167 warrants pursuant to Preferential Issue at its meeting held on August 10, 2026
News
Recent coverage and analyst commentary for GCSL
Loading news…
AI Stock Analyst
Gretex Corporate Services Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account