1. South Korea Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
GRITEE, Inc.

GRITEE, Inc.

KKRX:204020
1,751.00
KRW
-7.00
(-0.40%)
235.04EPS
7.94P/E
35.98BMarket Cap
GRITEE, Inc.
KRX:204020
(Korea Stock Exchange)

Recent

price

1,751.00

P/E

ratio

7.94

div

yld

6.53%

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
6,074.54
5,943.81
6,124.85
7,294.18
6,650.65
6,085.67
6,305.34
5,537.42
7,144.32
8,798.07
9,761.76
10,226.55
10,137.74
Revenue per Share
431.5
339.5
205
459.5
286.06
89
49
-349
101
424
487
238
234.66
Basic EPS, GAAP
202.14
313
-117.55
-349.42
284.17
-163.64
106.69
-57.73
5.01
656.19
-90.96
-1,822.55
1,851.16
Free Cash Flow per Basic Share
174.72
75.33
61.48
55.99
111.55
89.66
30.87
29.05
- -
30.01
100.36
108.31
114.41
Dividend per Share
1,955.24
2,166.8
2,319.07
2,642.88
3,683.84
3,672.69
3,781.3
3,328.75
3,425.01
3,797.14
4,200.05
4,338.35
4,389.74
Book Value per Share
1,883.97
2,094.49
2,188.57
2,525.12
3,596.2
3,540.55
3,663.58
3,229.05
3,336.1
3,711
4,119.87
4,254.23
4,306.01
Tangible Book Value per Share
16
17
17
17
18
20
20
20
20
20
20
20
19
Basic Weighted Avg Shares
99,924
102,486
105,600
125,800
119,260
123,080
123,462
108,705
143,116
176,102
194,740
201,718
196,929
Sales/Revenue/Turnover
10.92
7.01
4.42
8.06
6.75
2.37
1.78
-6.95
2.03
6.32
6.32
3.89
4.32
Operating Margin (%)
352
448
834
906
826
3,034
3,359
4,061
4,525
4,064
4,002
4,686
4,435
Depreciation Expense
7,098
5,854
3,534
7,925
5,130
1,800
959
-6,851
2,023
8,487
9,715
4,695
4,558
Net Income, GAAP
25.49
21.9
29.19
21.65
37.31
42.53
40.88
- -
40.49
19.75
22.46
25.01
30.64
Effective Tax Rate (%)
7.1
5.71
3.35
6.3
4.3
1.46
0.78
-6.3
1.41
4.82
4.99
2.33
2.31
Profit Margin (%)
35,754
39,760
41,545
47,590
71,311
65,309
61,592
48,408
53,202
63,545
64,401
64,175
67,345
Working Capital
- -
- -
- -
- -
3,493
676
3,483
4,633
3,147
1,749
841
40,996
40,543
LT Debt
40,937
45,516
49,389
56,070
74,461
74,181
71,954
66,589
68,345
75,713
81,192
83,447
84,402
Total Equity
- -
11.88
6.35
13.39
6.74
1.99
1.58
- -
2.18
10.88
10.79
5.29
4.32
Return on Invested Capital (%)
- -
12.8
7.62
14.32
7.67
2.86
1.58
- -
3.05
11.04
11.65
5.1
4.15
Return on Capital (%)
- -
13.52
7.5
15.21
7.91
2.43
1.32
-9.89
2.99
11.74
12.33
5.68
5.46
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,282
6,600
6,364
LT Borrowings
38,000
38,000
38,000
LT Finance Leases
2,996
2,909
2,543
Preferred Equity and Hybrid Capital
101
101
101
Shares Outstanding
19
19
19
Market Capitalization
42,322
38,186
35,983

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
81,910
90,518
98,546
Cash, Cash Equivalents & STI
11,979
20,140
28,959
Accounts Receivable, Net
5,734
8,862
9,448
Inventories
62,743
58,386
57,724
Total Current Liabilities
17,736
26,134
31,201
Payables & Accruals
- -
- -
- -
ST Debt
5,282
6,600
6,364
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.74%
3.2%
2.78%
Free Cash Flow
1,402.58%
2,895.72%
1,881.06%
Net Income, GAAP
-72.36%
-132.27%
-51.68%
Sales/Revenue/Turnover
7.74%
11.38%
3.58%
Total Cash Common Dividend
- -
- -
6.7%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
40,781
63,150
54,304
36,506
194,740
2025
41,049
62,057
56,475
42,136
201,718
2026
38,424
59,895
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
84
220
169
12.44
487
2025
52
87
122.51
-20.81
238
2026
-19.45
151
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
99.59
- -
- -
- -
100.36
2025
110.63
- -
- -
- -
108.31
2026
115
- -
- -
- -
- -
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Business
GRITEE, Inc. operates as a lifestyle and fashion company specializing in the design, planning, manufacturing, sourcing, marketing, and distribution of innerwear, foundation garments, athleisure, homewear, and personal care products in South Korea and internationally. Founded in 1999 and formerly known as M-Corset Co., Ltd. before rebranding in 2019, the company is headquartered in Seoul, South Korea. GRITEE, Inc. offers comprehensive intimate apparel and bodywear solutions categorized into brassieres, including push-up, wireless, and seamless designs; briefs and panties; functional shapewear and body shapers; activewear and sports bras; thermal base layers and functional inner garments; homewear, sleepwear, and loungewear; and branded lifestyle accessories. The company commercializes its product portfolio under prominent global licensed brands, partner labels, and proprietary brands, including Wonderbra, Playtex, Maidenform, Just My Size, Champion, Crocs, and in-house lifestyle labels. It distributes merchandise across diverse commercial channels, encompassing major television home shopping networks; direct-to-consumer online platforms; domestic and regional e-commerce marketplaces; duty-free stores; and offline multi-brand retail outlets. In recent operational and strategic developments, GRITEE, Inc. has accelerated its digital transformation by expanding its direct-to-consumer e-commerce ecosystem and live-commerce streaming operations to capture younger demographics and improve operating margins. The company has extended its core brand licensing agreements for flagship lines, expanded its lifestyle and athleisure offerings with sustainable eco-friendly textile collections, broadened its distribution across Asian cross-border e-commerce platforms, and diversified into adjacent wellness and functional personal care product categories.