GRUH Finance Ltd(Merged) (GRUH) share price, results

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 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019
Sales	367	381	416	404	416	433	444	451	481	538	558	533
Expenses	36	54	25	37	53	50	2	31	44	30	4	27
Operating Profit	332	327	391	367	363	382	442	420	437	509	553	505
OPM %	90%	86%	94%	91%	87%	88%	99%	93%	91%	94%	99%	95%
Other Income	0	0	0	0	0	0	0	0	0	0	0	0
Interest	235	230	231	237	242	252	253	263	290	373	374	349
Depreciation	1	1	1	1	1	1	1	1	1	1	1	3
Profit before tax	96	97	160	130	120	130	188	156	146	135	178	154
Tax %	35%	34%	31%	26%	27%	30%	32%	26%	28%	28%	27%	25%
Net Profit	62	64	110	96	88	91	128	115	105	97	130	116
EPS in Rs	0.85	0.88	1.51	1.31	1.20	1.24	1.75	1.57	1.44	1.32	1.77	1.58

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
Sales	294	308	360	508	648	846	1,060	1,275	1,487	1,694	2,027	2,110
Expenses	24	33	33	39	47	56	80	103	123	139	107	106
Operating Profit	271	275	327	469	601	790	980	1,172	1,364	1,555	1,920	2,004
OPM %	92%	89%	91%	92%	93%	93%	92%	92%	92%	92%	95%	95%
Other Income	1	1	1	6	2	0	0	0	0	0	0	0
Interest	201	180	201	310	404	544	678	807	920	985	1,301	1,386
Depreciation	1	1	2	2	2	2	1	3	3	3	3	5
Profit before tax	70	94	126	163	197	244	301	362	442	567	615	613
Tax %	28%	27%	27%	26%	26%	28%	32%	33%	33%	29%	27%
Net Profit	50	69	92	120	146	177	204	244	297	403	447	448
EPS in Rs	0.72	0.99	1.30	1.70	2.04	2.46	2.80	3.35	4.07	5.51	6.10	6.11
Dividend Payout %	33%	33%	42%	34%	31%	31%	36%	34%	34%	30%	33%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	21%	19%	17%	21%
Compounded Profit Growth	24%	20%	22%	6%
Stock Price CAGR	7%	%	%		%
Return on Equity	30%	29%	28%			26%

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	35	35	35	35	35	36	36	73	73	73	73	147
Reserves	156	186	230	283	350	455	571	639	763	1,040	1,482	1,745
Borrowings	1,773	2,245	2,323	2,962	3,829	4,911	6,480	8,207	10,259	12,055	13,969	16,507
Other Liabilities	59	69	80	110	121	198	156	262	349	417	261	267
Total Liabilities	2,022	2,535	2,668	3,390	4,336	5,600	7,243	9,181	11,443	13,586	15,785	18,666
Fixed Assets	9	9	10	12	12	12	11	14	15	14	15	15
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	17	13	33	35	24	65	53	80	143	158	158	148
Other Assets	1,997	2,513	2,625	3,343	4,300	5,523	7,179	9,087	11,285	13,414	15,612	18,503
Total Assets	2,022	2,535	2,668	3,390	4,336	5,600	7,243	9,181	11,443	13,586	15,785	18,666

	Mar 2008	Mar 2009	Mar 2010
Cash from Operating Activity	42	-541	6
Cash from Investing Activity	-1	-1	-2
Cash from Financing Activity	34	456	60
Net Cash Flow	75	-86	64
Free Cash Flow	41	-542	5
CFO/OP	35%	-191%	12%

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Debtor Days	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	0	0	0	0	0	0	0
Working Capital Days	8	-34	-63	156	165	176	166	151	149	185	-41	-35
ROCE %	11%	12%	11%	11%	13%	12%	13%	12%	12%	11%	11%	11%

	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019
Promoters	58.55%	58.55%	58.45%	58.36%	57.99%	57.95%	57.93%	57.93%	57.86%	57.83%	56.09%	47.43%
FIIs	14.22%	10.96%	11.34%	11.09%	11.56%	11.49%	10.83%	10.58%	10.47%	10.58%	10.76%	18.74%
DIIs	4.51%	8.10%	8.26%	8.60%	8.91%	9.19%	10.23%	10.29%	10.51%	10.58%	10.31%	11.83%
Government	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%
Public	22.44%	22.12%	21.68%	21.68%	21.27%	21.10%	20.73%	20.92%	20.89%	20.74%	22.56%	21.73%
No. of Shareholders	41,054	42,028	40,525	43,385	43,697	43,812	47,181	57,107	61,108	64,837	73,434	72,213

Fundamentals

Market Cap₹ 23,321 Cr.

Current Price₹ 318

Stock P/E52.1

Book Value₹ 25.8

ROCE11.3 %

ROE26.0 %

Dividend Yield0.00 %

Face Value₹ 2.00

Compounded Sales Growth (TTM)21%

Compounded Profit Growth (TTM)6%

Standalone figures.

Valuation

Market capRs 23,309 Cr

Enterprise valueRs 38,678 Cr

P/E (TTM)52.06x

Price to book12.32x

Price to sales11.05x

EV / EBITDA19.30x

EV / EBIT19.35x

EV / sales18.33x

Earnings yield1.92%

Dividend yield0.63%

P/E, 3-year average31.90x

P/B, 3-year average7.98x

P/E, 5-year average27.06x

P/B, 5-year average7.08x

Profitability

Operating margin (excl. other income)94.72%

Operating margin (incl. other income)94.72%

EBITDA margin95.01%

Pre-tax margin29.07%

Net profit margin21.22%

Net margin, latest quarter21.70%

ROE25.95%

ROCE11.30%

ROA2.60%

ROE, 3-year average28.86%

ROCE, 3-year average11.11%

ROA, 3-year average2.57%

ROE, 5-year average29.80%

ROCE, 5-year average11.45%

ROA, 5-year average2.51%

ROIC (approx.)8.42%

Tax rate27.29%

Growth

Sales growth (latest year)19.66%

Profit growth (latest year)11.04%

Sales CAGR, 3 years16.69%

Sales CAGR, 5 years19.10%

Profit CAGR, 3 years22.45%

Profit CAGR, 5 years20.37%

Sales growth QoQ-4.44%

Profit growth QoQ-10.81%

Sales growth YoY (latest quarter)18.19%

Profit growth YoY (latest quarter)0.46%

Per share

EPS (TTM)Rs 6.10

EPS (latest year)Rs 6.10

EPS (latest quarter)Rs 1.58

EPS, 3-year averageRs 8.41

EPS, 5-year averageRs 7.51

Book value per shareRs 25.78

Sales per shareRs 28.75

Free cash flow per shareRs 0.07

Dividend per share (latest year)Rs 2.00

Dividend per share, 3-year averageRs 2.70

Dividend per share, 5-year averageRs 2.48

Dividends

Dividend payout32.81%

Dividend payout, 3-year average32.39%

Dividend payout, 5-year average33.44%

Efficiency

Asset turnover0.11x

Fixed asset turnover133.86x

Cash conversion cycle0 days

Working capital days-35 days

Leverage

Total debtRs 16,507 Cr

Cash and bankRs 1,138 Cr

Net debtRs 15,369 Cr

Debt to equity8.73x

Net debt / EBITDA7.67x

Interest coverage1.44x

Owners' fund to total sources10.13%

Debt to assets88.43%

Cash flow

Free cash flow (latest year)Rs 5 Cr

FCFE (approx.: FCF + change in debt)Rs 2,543 Cr

Statement figures

Net sales (TTM)Rs 2,110 Cr

Net sales (latest year)Rs 2,027 Cr

Sales (latest quarter)Rs 533 Cr

Operating profit excl. other income (latest year)Rs 1,920 Cr

Operating profit (latest quarter)Rs 505 Cr

EBITDA (TTM)Rs 2,004 Cr

PBDT (TTM)Rs 619 Cr

Profit before tax (TTM)Rs 613 Cr

Tax (latest year)Rs 168 Cr

Net profit (TTM)Rs 448 Cr

Net profit (latest year)Rs 447 Cr

Net profit (latest quarter)Rs 116 Cr

Depreciation (TTM)Rs 5 Cr

Depreciation (latest quarter)Rs 3 Cr

Interest (TTM)Rs 1,386 Cr

Cost of goods sold (latest year)Rs 7 Cr

Total expenditure (latest year)Rs 107 Cr

Total income (latest year)Rs 2,027 Cr

Share capitalRs 147 Cr

ReservesRs 1,745 Cr

Shareholders' fundsRs 1,891 Cr

Total assetsRs 18,666 Cr

Net blockRs 15 Cr

InvestmentsRs 148 Cr

Other liabilitiesRs 267 Cr

Shares outstanding (crore)73.37

Ownership

Promoter holding47.43% (-10.50 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 52.1 is at the 38th percentile of its own 3.1-year range (median 52.9, low 34.8, high 72.3).

P/B 12.32 is at the 16th percentile (median 14.99).

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.

Period	GRUH	Nifty 50	Difference
1 week	+20.9%	-2.8%	+23.7 pts
1 month	+23.0%	-6.8%	+29.8 pts
3 months	+14.5%	-7.6%	+22.2 pts
6 months	+10.7%	+0.4%	+10.3 pts
1 year	+15.7%	-9.9%	+25.6 pts
2 years	+25.6%	-13.6%	+39.2 pts
3 years	+80.4%	+14.2%	+66.2 pts
5 years	+236.3%	+27.9%	+208.4 pts

Red flags

F-score 5 of 6

explain

Low interest cover Interest cover 1.5x in 2019

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 2019

Sales ₹533 Cr +18.2% vs Jun 2018. Net profit ₹116 Cr +0.9%.

Activity

Compare

No listed peers in this industry.

No bulk or block deals on record.

Ex-date	Action	Factor
2019-07-09	Annual General Meeting/ Dividend - Rs 2 Per Share
2018-06-06	Bonus 1:1	0.5000
2018-04-23	Annual General Meeting / Dividend Rs. 3.30 Per Share
2017-06-05	Annual General Meeting/Dividend - Rs 2.80 Per Share
2016-06-10	Annual General Meeing/ Dividend - Rs 2.30/- Per Share
2015-06-16	Annual General Meeting/Dividend Rs 2/- Per Sahre
2014-06-09	Inferred from price: close fell to 0.510x overnight, no NSE action on record	0.5000
2014-06-09	Bonus Issue 1 : 1
2014-05-05	Annual General Meeting / Dividend - Rs 3/- Per Share
2013-06-26	Annual General Meeting/Dividend Rs 2.50 Per Share
2012-07-24	Face Value Split From Rs 10 To Rs 2	0.2000
2012-06-06	Annual General Meeting/Dividend Rs 11.50 Per Share
2011-06-30	Annual General Meeting/Final Dividend Rs.8.50 Per Share And Special Dividend Rs.2.50 Per Share
2010-06-15	Agm/Div-Rs.6.50 Per Share
2009-06-16	Agm/Div-Rs.4.80/-Pr Share
2008-07-11	Agm/Dividend - 40%
2007-05-30	Agm/Dividend-30%
2006-08-28	Rigths-Eq 3:10@Prem Rs 65
2006-05-10	Agm/Div-Rs.2.50/- Per Sh

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 GRUH Finance Ltd(Merged)?

GRUH Finance Ltd(Merged) (GRUH) has a market capitalisation of Rs 23,321 Cr. at the 2019-10-15 close.

What is the P/E ratio of GRUH Finance Ltd(Merged)?

GRUH Finance Ltd(Merged) trades at a P/E of 52.1 on trailing twelve-month profit, at the 2019-10-15 close.

What were GRUH Finance Ltd(Merged)'s latest quarterly results?

In the Jun 2019 quarter, GRUH Finance Ltd(Merged) sales was Rs 533 Cr (+18.2% vs Jun 2018) and net profit was Rs 116 Cr.