MarketFriction

Gratex Industries Ltd

BSE 526751 · Paper & Paper Products
₹20.45 -0.05%
BSE close2026-09-25
Market cap₹6.20 Cr.
P/E44.3

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.961.050.941.011.041.010.700.911.110.991.271.25
Expenses0.920.990.860.960.990.910.640.851.040.921.161.15
Operating Profit0.040.060.080.050.050.100.060.060.070.070.110.10
OPM %4.17%5.71%8.51%4.95%4.81%9.90%8.57%6.59%6.31%7.07%8.66%8.00%
Other Income0.000.000.000.000.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.000.000.000.010.01
Depreciation0.030.040.030.040.040.040.040.030.030.030.040.03
Profit before tax0.010.020.050.010.010.060.020.030.040.040.060.06
Tax %0.00%50.00%20.00%0.00%0.00%33.33%50.00%33.33%25.00%25.00%50.00%16.67%
Net Profit0.000.020.030.010.000.050.010.020.030.030.040.04
EPS in Rs0.000.070.100.030.000.160.030.070.100.100.130.13
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1.261.211.993.353.471.863.024.263.993.754.274.62
Expenses0.920.921.613.083.091.722.743.903.703.453.964.27
Operating Profit0.340.290.380.270.380.140.280.360.290.300.310.35
OPM %26.98%23.97%19.10%8.06%10.95%7.53%9.27%8.45%7.27%8.00%7.26%7.58%
Other Income-0.320.010.020.000.000.030.000.00-0.02-0.030.000.00
Interest0.000.010.010.040.020.020.020.010.010.010.010.02
Depreciation0.110.100.100.160.130.110.120.130.130.160.140.13
Profit before tax-0.090.190.290.070.230.040.140.220.130.100.160.20
Tax %-11.11%0.00%24.14%-14.29%26.09%25.00%28.57%18.18%23.08%30.00%31.25%
Net Profit-0.080.190.220.070.160.020.100.190.090.070.110.14
EPS in Rs-0.260.630.720.230.530.070.330.630.300.230.360.46
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%18%0%26%
Compounded Profit Growth-8%41%-17%75%
Stock Price CAGR6%17%4%1%
Return on Equity4%3%3%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3.033.033.033.033.033.033.033.033.033.033.033.03
Reserves-0.46-0.54-0.34-0.11-0.110.050.090.190.380.470.610.72
Borrowings0.040.040.060.460.150.110.090.120.060.080.050.17
Other Liabilities0.120.090.100.300.350.350.280.470.640.620.400.79
Total Liabilities2.732.622.853.683.423.543.493.814.114.204.094.71
Fixed Assets0.930.860.831.241.181.080.981.011.081.031.041.09
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets1.801.762.022.442.242.462.512.803.033.173.053.62
Total Assets2.732.622.853.683.423.543.493.814.114.204.094.71
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.140.050.020.070.480.100.040.150.260.060.210.08
Cash from Investing Activity-0.03-0.04-0.06-0.50-0.10-0.040.00-0.15-0.19-0.08-0.17-0.18
Cash from Financing Activity-0.120.000.020.40-0.35-0.06-0.030.01-0.070.02-0.040.10
Net Cash Flow0.000.00-0.02-0.030.020.000.010.000.000.000.000.00
Free Cash Flow0.110.01-0.04-0.430.380.060.030.000.07-0.020.04-0.10
CFO/OP74%15%7%37%196%32%79%71%86%24%83%39%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0.000.00467.56291.63173.24159.88186.4295.4877.1167.6935.0488.90
Inventory Days1,662.78533.98164.39256.74859.27558.03345.05478.77581.96423.24
Days Payable0.0094.6339.0140.2191.2591.2571.8071.1048.5093.19
Cash Conversion Cycle0.000.002,130.34730.99298.62376.41954.45562.26350.36475.36568.50418.95
Working Capital Days606.81472.18564.09315.48207.01227.20386.59242.93179.93207.66228.73213.70
ROCE %1.73%8.95%7.58%9.79%3.41%7.99%1.88%4.89%6.75%4.54%3.85%4.47%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.91%61.91%61.91%61.91%61.91%61.91%61.91%61.91%61.91%61.91%61.91%61.91%
Public38.09%38.09%38.09%38.09%38.10%38.10%38.10%38.09%38.09%38.10%38.10%38.09%
No. of Shareholders3,7093,7413,7513,7713,7603,7583,7603,7763,7653,7523,7343,716

Fundamentals

Market Cap₹ 6.20 Cr.
Current Price₹ 20.4
Stock P/E44.3
Book Value₹ 12.4
ROCE4.47 %
ROE2.98 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)75%
Standalone figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 6 Cr
P/E (TTM)44.33x
Price to book1.66x
Price to sales1.34x
EV / EBITDA18.72x
EV / EBIT30.32x
EV / sales1.38x
Price to cash flow77.58x
Earnings yield2.26%
P/E, 3-year average64.33x
P/B, 3-year average1.53x
P/E, 5-year average49.66x
P/B, 5-year average1.38x
Profitability
Operating margin (excl. other income)7.26%
Operating margin (incl. other income)7.26%
EBITDA margin7.36%
Pre-tax margin4.33%
Net profit margin3.03%
Net margin, latest quarter3.20%
ROE2.98%
ROCE4.47%
ROA2.50%
ROE, 3-year average2.51%
ROCE, 3-year average3.82%
ROA, 3-year average2.12%
ROE, 5-year average3.29%
ROCE, 5-year average4.62%
ROA, 5-year average2.78%
ROIC (approx.)3.69%
Tax rate31.25%
Growth
Sales growth (latest year)13.87%
Profit growth (latest year)57.14%
Sales CAGR, 3 years0.08%
Sales CAGR, 5 years18.08%
Profit CAGR, 3 years-16.66%
Profit CAGR, 5 years40.63%
Sales growth QoQ-1.57%
Profit growth QoQ0.00%
Sales growth YoY (latest quarter)37.36%
Profit growth YoY (latest quarter)100.00%
Per share
EPS (TTM)Rs 0.46
EPS (latest year)Rs 0.36
EPS (latest quarter)Rs 0.13
EPS, 3-year averageRs 0.30
EPS, 5-year averageRs 0.37
Book value per shareRs 12.36
Sales per shareRs 15.22
Cash flow per shareRs 0.26
Free cash flow per shareRs -0.33
Efficiency
Asset turnover0.91x
Fixed asset turnover3.92x
Inventory turnover1.30x
Inventory days281 days
Debtor days89 days
Debtors turnover4.11x
Creditor days93 days
Cash conversion cycle419 days
Working capital days214 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity0.05x
Net debt / EBITDA0.47x
Interest coverage21.00x
Owners' fund to total sources79.62%
Debt to assets3.61%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years1.36x
Sales to cash flow53.38x
Statement figures
Net sales (TTM)Rs 5 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 4 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 3 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 5 Cr
Net blockRs 1 Cr
ReceivablesRs 1 Cr
InventoryRs 2 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.30
Ownership
Promoter holding61.91% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 44.3 is at the 47th percentile of its own 8.9-year range (median 48.3, low 13.8, high 230.6).
P/B 1.65 is at the 73th percentile (median 1.38).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period526751Nifty 50Difference
1 week-4.3%-2.8% -1.5 pts
1 month-19.5%-6.8% -12.7 pts
3 months-4.3%-7.6% +3.3 pts
3 years+14.9%+14.2% +0.7 pts
5 years+109.7%+27.9% +81.9 pts

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 189% vs sales +14% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1 Cr +37.4% vs Jun 2025. Net profit ₹0 Cr +100.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Gratex Industries Ltd?

Gratex Industries Ltd (526751) has a market capitalisation of Rs 6.20 Cr. at the 2026-09-25 close.

What is the P/E ratio of Gratex Industries Ltd?

Gratex Industries Ltd trades at a P/E of 44.3 on trailing twelve-month profit, at the 2026-09-25 close.

What were Gratex Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Gratex Industries Ltd sales was Rs 1 Cr (+37.4% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03