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.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 4 | 4 | 4 | 15 | 16 | 16 |
| Reserves | -0 | -1 | -0 | 0 | 19 | 10 | 37 | 37 |
| Borrowings | 0 | 0 | 1 | 4 | 1 | 10 | 1 | 1 |
| Other Liabilities | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 7 |
| Total Liabilities | 5 | 4 | 6 | 10 | 30 | 40 | 62 | 61 |
| AssetsFixed Assets | 1 | 0 | 0 | 1 | 1 | 1 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 1 | 14 | 16 | 31 | 31 |
| Other Assets | 5 | 4 | 4 | 9 | 15 | 23 | 29 | 27 |
| Total Assets | 5 | 4 | 6 | 10 | 30 | 40 | 62 | 61 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | 1 | -0 | 1 | -0 | 8 | -6 | 3 |
| Cash from Investing | 0 | 0 | 0 | -1 | -0 | -4 | -2 | -16 |
| Cash from Financing | -1 | -0 | -0 | -0 | -0 | -4 | 8 | 14 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 0 | 1 | -0 | 1 | -1 | 8 | -7 | 2 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
GRETEX · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.