Gretex Industrie share price & results
- Mar 2026
- Sept 2026
Indian manufacturer of musical instruments (keyboards, guitars, rhythm pads, tuners) and professional audio gear (speakers, amplifiers, PA systems) under the Gretex Play and Gretex Pro sub-brands.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 25.6 | +48.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 1.4 | −2.1 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.28 | −114.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −7.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | 3.30 | +45.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +45.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +12.6% 1Y
1Y: ₹190 on 24 Oct 2025 → ₹214. High ₹304 (15 Jul 2026), low ₹181 (3 Dec 2025).
- Previous close
- ₹214
- Market cap
- ₹332 Cr
- 52-week range
- ₹181 – ₹304
- One year
- +12.63%
- Price to earnings (FY ending Mar 2026)
- 225.85×
- Return on equity (FY ending Mar 2026)
- 3.74%
Overview
- Symbol
- NSE:GRETEX
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Gretex Industrie does
Based on the company's own presentations, annual report and earnings calls.
Gretex Industries makes musical instruments and professional audio equipment through two verticals: a Musical Instruments division (keyboards, guitars, rhythm pads, digital tuners) and a Professional Audio division (speakers, amplifiers, audio interfaces, modular PA systems for auditoriums and open-air events). Production runs out of an existing facility in Pune plus two newer manufacturing units in Gujarat and West Bengal added in FY25. Products are sold under the Gretex Play (beginner/enthusiast) and Gretex Pro (studio-to-stage) sub-brands, with its flagship audio series present in over 1,500 venues nationwide, and the company is extending sales presence into Southeast Asia and East Africa.
Segments
- Musical Instruments
- Professional Audio
- Manufacturing facilities
- Pune (existing) plus two new units in Gujarat and West Bengal (added FY25)
- Venues using flagship audio series
- 1,500+ nationwide
- Technicians trained on hardware solutions
- 3,000+
- Business verticals
- Musical Instruments; Professional Audio
- Sub-brands
- Gretex Play (beginner/enthusiast), Gretex Pro (studio-to-stage)
- New international growth markets
- Philippines, Indonesia, East Africa
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −114% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 16 | 5 | 17 | 12 | 26 | 15 | 26 |
| Expenses | 7 | 16 | 12 | 17 | 12 | 25 | 14 | 25 |
| Operating profit | 0 | -0 | -7 | 1 | 0 | 0 | 1 | 0 |
| Operating margin | 0.8% | −0.5% | −136.8% | 3.5% | 1.9% | 1.2% | 3.7% | 1.4% |
| Other income | 0 | 1 | -1 | 2 | 0 | 2 | 0 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | -8 | 2 | 0 | 2 | 1 | -1 |
| Tax rate | 17.1% | 19.2% | −1.1% | −21.9% | 33.3% | 17.0% | 14.3% | −76.6% |
| Net profit | 0 | 0 | -8 | 2 | 0 | 2 | 0 | -0 |
| EPS (₹ per share) | 0.69 | 0.28 | -5.24 | 1.35 | 0.14 | 1.01 | 0.30 | -0.18 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 46 | 78 |
| Expenses | 52 | 77 |
| Operating profit | -6 | 1 |
| Other income | 2 | 1 |
| Interest | 1 | 1 |
| Depreciation | 0 | 1 |
| Profit before tax | -5 | 2 |
| Net profit | -5 | 2 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 15 | 16 | 16 |
| Reserves | -0 | 0 | 19 | 12 | 37 | 37 |
| Borrowings | 1 | 4 | 1 | 10 | 1 | 1 |
| Other liabilities | 1 | 1 | 5 | 5 | 8 | 8 |
| Total liabilities | 6 | 10 | 30 | 42 | 62 | 61 |
| Fixed assets | 0 | 1 | 1 | 1 | 2 | 2 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 14 | 17 | 31 | 32 |
| Other assets | 4 | 9 | 15 | 23 | 29 | 27 |
| Total assets | 6 | 10 | 30 | 42 | 62 | 61 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -0 | 1 | -0 | 8 | -7 | 3 |
| Cash from investing | 0 | -1 | -0 | -4 | -1 | -16 |
| Cash from financing | -0 | -0 | -0 | -4 | 8 | 14 |
| Net cash flow | -0 | 0 | -0 | 0 | 0 | 1 |
| Free cash flow | -0 | 1 | -1 | 8 | -7 | 2 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 38 | 28 | 36 | 33 | 49 | 33 |
| Inventory days | 87 | 67 | 64 | 60 | 139 | 95 |
| Days payable | 34 | 19 | 9 | 13 | 51 | 55 |
| Cash conversion cycle | 90 | 76 | 91 | 79 | 137 | 72 |
| Working capital days | 107 | 52 | 14 | 100 | 89 | 120 |
| Return on capital employed | 24.6% | 9.6% | 12.8% | 80.6% | 11.6% | 2.5% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 66.73% as of Sept 2026; institutions cut 0.01 pts since Aug 2026.
- Promoters 66.73%
- Foreign institutions 0.00%
- Domestic institutions 0.14%
- Public 33.13%
Who bought this quarter
since Aug 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +2.81 pp 12.30% held
- +0.70 pp 1.69% held
The same filing shows 10 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Gretex Industrie above SEBI's 1% disclosure line, and what changed since Aug 2026.
| Holder | Stake | Change |
|---|---|---|
| 18.45% | −0.59 pp | |
| 14.41% | −0.46 pp | |
| 12.30% | +2.81 pp | |
| 11.91% | −0.39 pp | |
| 4.33% | −0.14 pp | |
| 3.66% | −0.12 pp | |
| 2.37% | −0.07 pp | |
| 2.08% | −0.07 pp | |
| 1.69% | +0.70 pp | |
| 1.59% | unchanged | |
| 1.59% | unchanged | |
| 1.52% | −0.05 pp |
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.
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