543324
Gretex Corporate share price & financials
- Price
- ₹440.5
- Market cap
- ₹1.2k Cr
- Sector
- Financial Services
- Calls analysed
- 3
Gretex Corporate Q1 FY27
What went well
- Signed 3 new advisory mandates, demonstrating continued strength of origination engine.
- Secured a listing mandate with a West Bengal-based ferroalloy company and filed DRHP for Sky Alloys and Power Limited on both NSE and BSE.
- Bahutex received its registration for a Category-II AIF during the quarter, with Gretex as a partner in the fund.
What Gretex Corporate does
Gretex Corporate Services Limited is a SEBI-registered Category-I Merchant Banker that leads capital-markets transactions such as IPOs, FPOs, rights issues, buybacks, QIPs, delistings and open offers, mostly for SME and mainboard companies, alongside corporate restructuring (M&A, demergers), valuation, ESOP and debt-syndication advisory. Its subsidiary, Gretex Share Broking Limited (67% stake), is a SEBI-registered stock broker and NSDL depository participant that also acts as a market maker for SME-listed companies and runs an institutional broking desk. Associate company Gretex Industries Limited, listed on NSE Emerge, is engaged in trading of musical instruments.
Segments
- Capital Markets & Corporate Finance Advisory (Merchant Banking)
- Market Making & Stock Broking
- Musical instruments trading
- IPOs managed (cumulative)
- 60 issues (58 SME, 1 Mainboard, 1 FPO)
- Active IPO advisory pipeline
- 20 mandates (14 NSE Emerge/BSE SME, 6 Mainboard)
- Market-making coverage
- 66 companies
- Active market-making pipeline
- 26 mandates (14 SME/Emerge, 12 institutional)
- Institutional empanelment (market making)
- 7 institutions
- Retail broking clients
- 300+
Guidance record · Q1 FY27
what the last two calls moved 6 tracked 0 delivered 4 missed 2 open- Consolidated PAT Margin went quiet said Q3 FY26 Promised: Achieve ~45% consolidated PAT margin in Q4 FY26. Q1 FY27: The deadline for this target (Q4 FY26) has passed. No financial results for Q4 FY26 were provided in the Q1 FY27 update, and management did not comment on the outcome of this promise.
- Strategic Shift to Main Board IPOs on track said Q3 FY26 Promised: Gradually decrease SME IPOs and transform the business model to be Main Board focused. Q1 FY27: The company filed the DRHP for Sky Alloys and Power Limited on both NSE and BSE, indicating continued activity and focus on mainboard IPOs, consistent with the stated strategy.
All 6 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 72.7%, net profit up 1200.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94 | 66 | 60 | 22 | 80 −15% | 42 −36% | 35 −42% | 38 +73% |
| EBITDA | 17 | -12 | -12 | 2 | 32 +88% | 0 +100% | 10 +183% | 17 +750% |
| Net profit | 15 | 1 | -21 | 1 | 13 −13% | 7 +600% | 7 +133% | 13 +1200% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +114.0% 1Y
1Y: ₹280.95 on 10 Sept 2025 → ₹601.2. High ₹611.55 (10 Sept 2026), low ₹0 (13 Feb 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.2%
- 10 Aug
- Q3 FY26
- −1.9%
- 19 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 31.2% a year over 1 year, FY25 to FY26. Operating margin widened to 24.6%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹260 Cr | ₹179 Cr |
| Operating profit | ₹2 Cr | ₹44 Cr |
| Operating margin | 0.8% | 24.6% |
| Interest | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹3 Cr | ₹3 Cr |
| Net profit | ₹2 Cr | ₹28 Cr |
| Net margin | 0.8% | 15.6% |
| Cash from operations | ₹-31 Cr | ₹-28 Cr |
| Free cash flow | ₹-35 Cr | ₹-29 Cr |
| ROCE | 3.0% | 17.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹10 Cr | ₹12 Cr | ₹23 Cr | ₹24 Cr |
| Reserves | ₹5 Cr | ₹12 Cr | ₹28 Cr | ₹97 Cr | ₹115 Cr | ₹146 Cr |
| Borrowings | ₹2 Cr | ₹2 Cr | ₹0 Cr | ₹4 Cr | ₹8 Cr | ₹15 Cr |
| Other liabilities | ₹1 Cr | ₹4 Cr | ₹10 Cr | ₹63 Cr | ₹84 Cr | ₹79 Cr |
| Total liabilities | ₹10 Cr | ₹20 Cr | ₹48 Cr | ₹177 Cr | ₹230 Cr | ₹263 Cr |
| Fixed assets | ₹3 Cr | ₹9 Cr | ₹10 Cr | ₹41 Cr | ₹30 Cr | ₹30 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹5 Cr | ₹8 Cr | ₹33 Cr | ₹50 Cr | ₹60 Cr | ₹59 Cr |
| Other assets | ₹2 Cr | ₹2 Cr | ₹5 Cr | ₹86 Cr | ₹140 Cr | ₹174 Cr |
| Total assets | ₹10 Cr | ₹20 Cr | ₹48 Cr | ₹177 Cr | ₹230 Cr | ₹263 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +1.99 pp while promoters trimmed −1.63 pp. The shareholder count grew 140% to 2,842.
- Promoters
- 61.6%
- FIIs
- 2.0%
- Public
- 36.4%
Since Jun 2025
- FIIs +1.99 pp
- Promoters −1.63 pp
- Public −0.37 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.5% to 61.6% — −11.8 pp.
Ownership split by quarter, oldest first. Sep '22: Promoters 73.5%, Public 26.5%.Oct '22: Promoters 73.5%, Public 26.5%.Mar '23: Promoters 69.6%, Public 30.4%.Sep '23: Promoters 66.2%, Public 33.8%.Mar '24: Promoters 66.2%, Public 33.8%.Sep '24: Promoters 66.2%, Public 33.8%.Mar '25: Promoters 64.0%, Public 36.0%.Jun '25: Promoters 63.3%, Public 36.7%.Sep '25: Promoters 63.3%, Public 36.7%.Dec '25: Promoters 63.3%, FIIs 1.2%, DIIs 0.3%, Public 35.2%.Mar '26: Promoters 61.6%, FIIs 1.1%, DIIs 0.4%, Public 36.8%.Jun '26: Promoters 61.6%, FIIs 2.0%, Public 36.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mohamed Irfan Mohamed Latif Shaikh newly disclosed 2.79% held
The same filing shows 3 holders trimming and 6 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gretex Corporate above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bonanza Agency Llp | 42.06% | unchanged |
| Talent Investment Company Private Limited | 13.67% | unchanged |
| Mohamed Irfan Mohamed Latif Shaikh | 2.79% | newly disclosed |
| Arvind Harlalka | 1.74% | unchanged |
| Anupam Gupta | 1.68% | −1.08 pp |
| Sumeet Harlalka | 1.68% | unchanged |
| Sandeep Kumar Agarwal | 1.57% | −0.17 pp |
| Mala | 1.54% | −0.80 pp |
| Ativeer Finance Consultants Limited. | 1.02% | unchanged |
| Arvind Harlalka Huf | 0.60% | unchanged |
| Sumit Harlalka Huf | 0.46% | unchanged |
| Alok Harlalka | 0.36% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (2)
Read the Q1 FY27 call →Learn to analyse Gretex Corporate
Guides on how to read this kind of business and the numbers that matter.