Gretex Corporate Services Ltd.

Gretex Corporate Services Ltd.

GCSL.NS
Gretex Corporate Services Ltd.IN flagNational Stock Exchange of India
491.20
INR
+0.75
- -
11.12BMarket Cap
Gretex Corporate Services Ltd.
GCSL.NS
(National Stock Exchange of India)

Recent

price

491.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1.57
0.57
1.49
2.08
6.3
16.65
115.4
- -
88.99
Revenue per Share
0.13
-0.8
0.31
1.8
10.68
12.75
0.58
- -
9.31
Basic EPS, GAAP
0.06
-0.26
0.25
0.8
4.74
-8.74
-13.84
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.4
0.31
- -
- -
Dividend per Share
-0.25
-1.05
-0.67
1.57
16.77
27.91
26.61
- -
12.04
Book Value per Share
2.67
1.86
3.13
13.34
20.98
67
109.13
- -
155.54
Tangible Book Value per Share
20
20
20
20
20
21
22
- -
20
Basic Weighted Avg Shares
31
11
30
41
126
354
2,589
1,785
1,785
Sales/Revenue/Turnover
19.12
-87.16
39.72
32.34
55.24
-97.09
-0.49
22.84
22.84
Operating Margin (%)
2
2
2
2
5
16
26
20
20
Depreciation Expense
3
-16
6
36
214
272
13
189
187
Net Income, GAAP
18.13
- -
3.34
3.09
8.61
22.27
63.96
29.65
29.95
Effective Tax Rate (%)
7.99
-140.63
20.91
86.46
169.63
76.6
0.5
10.57
10.47
Profit Margin (%)
6
-12
7
15
88
666
866
1,281
1,281
Working Capital
25
25
23
22
2
44
57
40
40
LT Debt
53
37
63
265
421
1,495
2,516
3,189
3,189
Total Equity
- -
- -
14.17
6.89
17.41
-23.77
-0.2
9.53
9.49
Return on Invested Capital (%)
- -
- -
66.88
74.71
91.95
26.28
0.85
9.33
9.01
Return on Capital (%)
- -
- -
- -
- -
116.59
58.37
2.18
45.02
44.57
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
28
- -
106
LT Borrowings
- -
- -
- -
LT Finance Leases
50
- -
40
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
- -
23
Market Capitalization
5,226
7,605
6,965

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,339
- -
1,491
Cash, Cash Equivalents & STI
139
- -
32
Accounts Receivable, Net
78
- -
100
Inventories
985
- -
1,340
Total Current Liabilities
204
- -
210
Payables & Accruals
- -
- -
- -
ST Debt
28
- -
106
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
146.33%
26.72%
Free Cash Flow
- -
95.61%
-9.68%
Net Income, GAAP
- -
450.87%
1,350.51%
Sales/Revenue/Turnover
- -
204.79%
-31.04%
Total Cash Common Dividend
- -
- -
-4.07%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
53
61
437
510
354
2025
396
937
657
599
2,589
2026
220
796
422
348
1,785

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.06
1.73
5.92
- -
12.75
2025
2.22
4.53
1.53
-7.55
0.58
2026
0.42
5.71
0.67
2.73
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.4
2025
- -
- -
- -
- -
0.31
2026
- -
- -
- -
- -
- -
Business
Gretex Corporate Services Limited functions as a leading merchant banking firm, delivering a comprehensive suite of financial and advisory offerings across key domains such as capital markets, corporate finance, debt arrangement, organizational restructuring, and regulatory compliance throughout India. The company’s robust capital market services encompass the complete lifecycle of public offerings, including initial public offerings (for both Small and Medium Enterprises and Main Board listings), further public offers, rights issues, qualified institutional placements, and private investment in public equity transactions. It also acts as a lead manager for various exit strategies like delisting offers and share buybacks. In corporate finance, Gretex provides specialized assistance in securing early-stage angel funding, venture capital, and private equity, guiding clients from investor identification to fund disbursement. For debt structuring, it facilitates loans from banks and financial institutions, along with debenture issuances, managing the entire process from sanction to documentation and negotiation. Its corporate restructuring expertise includes managing mergers, acquisitions, demergers, and spin-off transactions, offering critical valuation services and strategic counsel. Furthermore, the firm delivers extensive corporate advisory services, covering valuation certificates, fairness opinions for amalgamation schemes, compliance health checks, and employee stock ownership plan certifications. Gretex Corporate Services primarily caters to small and medium enterprises, while also extending its services to larger entities seeking capital market solutions. The company was established in 2008 and maintains its headquarters in Mumbai, India. Recently, the company announced impressive Q2 FY26 financial results, with significant growth in total income, profit after tax, and EBITDA, driven by an expansion in IPO mandates and market-making activities. It is actively executing numerous IPO mandates, including both SME and Main Board listings, and its subsidiary, Gretex Share Broking Limited, is set to launch its own initial public offering. The company is also planning to expand into Portfolio Management Services and refile for a Category-3 Alternative Investment Fund license. As of late October 2025, the company experienced a temporary 21-day restriction from SEBI on undertaking new assignments.