GRETEX
Gretex Industrie financials
- Market cap
- ₹349 Cr
What Gretex Industrie does
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
Quarterly results
Q4 FY26: revenue up 48.7%, net profit down 114.0% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7 | 16 | 5 | 17 | 12 +60% | 26 +64% | 15 +188% | 26 +49% |
| EBITDA | 0 | -0 | -7 | 1 | 0 +283% | 0 +475% | 1 +108% | 0 −40% |
| Net profit | 0 | 0 | -8 | 2 | 0 −24% | 2 +271% | 0 +106% | -0 −114% |
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 +7.5% 1Y
1Y: ₹200 on 9 Sept 2025 → ₹215. High ₹304 (15 Jul 2026), low ₹181 (3 Dec 2025).
Financials, as filed
Revenue grew 71.4% a year over 1 year, FY25 to FY26. Operating margin widened to 1.8%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹46 Cr | ₹78 Cr |
| Operating profit | ₹-6 Cr | ₹1 Cr |
| Operating margin | -14.3% | 1.8% |
| Interest | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹0 Cr | ₹1 Cr |
| Net profit | ₹-5 Cr | ₹2 Cr |
| Net margin | -11.1% | 2.5% |
| Cash from operations | ₹-6 Cr | ₹3 Cr |
| Free cash flow | ₹-7 Cr | ₹2 Cr |
| ROCE | 5.7% | 2.1% |
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 | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹-1 Cr | ₹-0 Cr | ₹0 Cr | ₹19 Cr | ₹37 Cr | ₹37 Cr |
| Borrowings | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹5 Cr | ₹8 Cr | ₹7 Cr |
| Total liabilities | ₹4 Cr | ₹6 Cr | ₹10 Cr | ₹30 Cr | ₹62 Cr | ₹61 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹14 Cr | ₹31 Cr | ₹31 Cr |
| Other assets | ₹4 Cr | ₹4 Cr | ₹9 Cr | ₹15 Cr | ₹29 Cr | ₹27 Cr |
| Total assets | ₹4 Cr | ₹6 Cr | ₹10 Cr | ₹30 Cr | ₹62 Cr | ₹61 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 Aug 2026
Since Sep 2025, promoters added +2.27 pp while the public trimmed −2.03 pp. The shareholder count grew 88% to 293.
- Promoters
- 65.7%
- DIIs
- 0.1%
- Public
- 34.2%
Since Sep 2025
- Promoters +2.27 pp
- Public −2.03 pp
- FIIs −0.21 pp
How it drifted, 12 quarters
Over this window the public fell from 47.0% to 34.2% — −12.8 pp.
Ownership split by quarter, oldest first. Sep '22: Promoters 53.0%, Public 47.0%.Mar '23: Promoters 53.0%, Public 47.0%.Sep '23: Promoters 53.0%, Public 47.0%.Mar '24: Promoters 53.0%, Public 47.0%.Sep '24: Promoters 63.4%, FIIs 0.2%, DIIs 0.2%, Public 36.2%.Mar '25: Promoters 63.6%, FIIs 0.2%, DIIs 0.2%, Public 36.0%.Jun '25: Promoters 63.6%, FIIs 0.2%, DIIs 0.2%, Public 36.0%.Sep '25: Promoters 63.4%, FIIs 0.2%, DIIs 0.2%, Public 36.2%.Dec '25: Promoters 63.4%, FIIs 0.2%, DIIs 0.2%, Public 36.2%.Mar '26: Promoters 65.0%, FIIs 0.2%, DIIs 0.2%, Public 34.7%.Jun '26: Promoters 65.0%, DIIs 0.2%, Public 34.9%.Aug '26: Promoters 65.7%, DIIs 0.1%, Public 34.2%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Gretex Corporate Services Pvt Ltd +1.98 pp 9.49% held
- Sky Logistics Limited +0.17 pp 2.44% held
The same filing shows 5 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Aug 2026 filing
Every holder of Gretex Industrie above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Ambition Tie-Up Private Limited | 19.04% | −0.43 pp |
| Signageus Value Advisors Private Limited | 14.87% | −0.33 pp |
| Gretex Share Broking Private Limited | 12.30% | −0.27 pp |
| Gretex Corporate Services Pvt Ltd | 9.49% | +1.98 pp |
| Varsha Poddar | 4.47% | −0.10 pp |
| Gaganbase Vincom Private Ltd | 3.78% | unchanged |
| Sky Logistics Limited | 2.44% | +0.17 pp |
| Bonanza Agency Llp | 2.15% | −0.05 pp |
| Arvind Harlalka Huf | 1.74% | unchanged |
| Sakshi Vijay Yadav | 1.64% | unchanged |
| Vijay Laltaprasad Yadav | 1.64% | unchanged |
| Pradeep Mertia | 1.57% | 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.
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