Gretex Corporate Services Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,906 Cr
- P/E
- 69.93
- ROE
- 12.71%
- PEG
- 29.04
- Price to sales
- 9.81
- Debt to equity
- 0.09
- 52W high / low
- ₹762 / ₹228
- Sales growth (5Y)
- 124.48%
- EBITDA margin
- 30.02%
- Net profit margin
- 15.61%
- Promoter holding
- 60.53%
- Sales (last year)
- ₹194 Cr
Gretex Corporate Services Ltd (GCSL; formerly Dynamic Tradeserv Pvt Ltd) is a SEBI-registered Category-I merchant banker providing capital-market and corporate-finance advisory, led by SME/Mainboard IPO execution. The consolidated group also includes broking, market-making and depository services through material subsidiary Gretex Share Broking Ltd (GSBL).[1]
Guidance scorecard · Q1 FY27 call
What Gretex Corporate Services Ltd's management guided
and where it ranks in Capital Markets
RevenueQ1 FY27 call
10–20%- Gretex expects a minimum of 3 to 4 IPO listings in the current quarter, indicating increased deal flow and revenue opportunities.
- Continued strength in advisory mandates and new listing mandates suggest growth in merchant banking revenue streams.
- The subsidiary, Gretex Share Broking Limited, progressing towards listing, is anticipated to boost broking and market-making operations, contributing to higher volumes and revenues.
- Registration of Bahutex as a Category-II AIF partner positions the company to expand alternative investment offerings, potentially increasing asset management fees.
2 more points from Gretex Corporate Services Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Gretex Corporate Services Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- During the quarter, Gretex Corporate Services Limited secured a listing mandate with a West Bengal-based ferroalloy company and filed the DRHP for Sky Alloys and Power Limited, indicating strategic expansion in advisory services.
- Bahutex, with Gretex as a partner, received registration for a Category-II AIF, signaling a strategic investment into alternative investment platforms.
- The subsidiary, Gretex Share Broking Limited, is progressing towards a proposed listing, underscoring a strategic move to scale broking and market-making operations.
- The company emphasized prioritizing execution excellence while building scale across merchant banking and broking platforms in a measured and sustainable manner.
FundraisingQ1 FY27 call
See what Gretex Corporate Services Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Gretex Corporate Services Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Capital Markets
on management's own guidance
- Nippon Life Ind.Good growth2
- BSEGood growth1
- Motil.Oswal.Fin.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Capital Markets companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | BSE | 20–40% | Flat | ₹1.37L Cr | 48.4 |
| 2 | Nippon Life Ind. | 20–40% | Flat | ₹68,184 Cr | 41.6 |
| 3 | Motil.Oswal.Fin. | 20–40% | Flat | ₹63,771 Cr | 32.2 |
| 4 | 20–40% | Flat | ₹31,481 Cr | 29.1 | |
| 5 | 20–40% | Flat | ₹15,334 Cr | 43.8 | |
| 6 | 20–40% | Flat | ₹12,638 Cr | 51.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Capital Markets rankingFinancials of Gretex Corporate Services Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gretex Corporate Services Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0.96 | 7.07 | 5.31 | 43.75 | 53.86 | 39.61 | 93.68 | 65.70 | 59.87 | 21.98 | 79.56 | 42.16 | 34.82 |
| Expenses + | 1.31 | 2.08 | 3.75 | 20.70 | 37.87 | 30.20 | 77.01 | 78.15 | 72.14 | 20.26 | 47.81 | 42.50 | 25.11 |
| Operating Profit | -0.35 | 4.99 | 1.56 | 23.05 | 15.99 | 9.41 | 16.67 | -12.45 | -12.27 | 1.72 | 31.75 | -0.34 | 9.71 |
| OPM % | -36.46% | 70.58% | 29.38% | 52.69% | 29.69% | 23.76% | 17.79% | -18.95% | -20.49% | 7.83% | 39.91% | -0.81% | 27.89% |
| Other Income + | 1.12 | 16.72 | 0.98 | 1.85 | 0.91 | 0.33 | 2.58 | 14.50 | -10.55 | 0.68 | -12.20 | 12.64 | -0.57 |
| Interest | 0.09 | 0.13 | 0.01 | 0.00 | 0.01 | 0.01 | -0.11 | 0.46 | 0.19 | 0.24 | 0.23 | 0.41 | 1.07 |
| Depreciation | 0.00 | 0.41 | 0.09 | 0.26 | 0.51 | 0.41 | 0.76 | 0.79 | 0.68 | 0.66 | 0.63 | 0.60 | 0.16 |
| Profit before tax | 0.68 | 21.17 | 2.44 | 24.64 | 16.38 | 9.32 | 18.60 | 0.80 | -23.69 | 1.50 | 18.69 | 11.29 | 7.91 |
| Tax % | -11.76% | 6.00% | 15.57% | 24.03% | 28.33% | 25.21% | 21.77% | -60.00% | -11.36% | 36.67% | 32.96% | 40.21% | 6.57% |
| Net Profit + | 0.76 | 19.90 | 2.06 | 18.72 | 11.75 | 6.97 | 14.56 | 1.28 | -21.00 | 0.96 | 12.92 | 6.86 | 7.19 |
| EPS in Rs | 0.35 | 9.83 | 0.94 | 8.55 | 4.10 | 2.29 | 4.39 | 1.53 | -7.57 | 0.34 | 5.06 | 0.71 | 2.07 |
Financials of Gretex Corporate Services Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2 | 3 | 1 | 3 | 4 | 14 | 117 | 262 | 179 |
| Expenses + | 3 | 2 | 2 | 2 | 3 | 5 | 68 | 257 | 136 |
| Operating Profit | -0 | 1 | -1 | 1 | 2 | 9 | 48 | 5 | 43 |
| OPM % | -15% | 22% | -78% | 35% | 38% | 62% | 41% | 2% | 24% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 16 | 2 | 4 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 2 |
| Profit before tax | -0 | 0 | -1 | 1 | 2 | 24 | 47 | 5 | 39 |
| Tax % | 10% | 20% | 1% | 4% | 3% | 9% | 22% | 64% | 30% |
| Net Profit + | -1 | 0 | -2 | 1 | 4 | 22 | 37 | 2 | 28 |
| EPS in Rs | -0.58 | 0.20 | -1.27 | 0.36 | 1.59 | 9.83 | 12.40 | 0.58 | 8.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 2% | 1% | 55% | 0% |
Financials of Gretex Corporate Services Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.65 | 0.65 | 0.65 | 0.90 | 1 | 10 | 12 | 12 | 24 |
| Reserves | 4 | 5 | 3 | 5 | 12 | 28 | 97 | 181 | 222 |
| Borrowings + | 2 | 3 | 4 | 2 | 2 | 0 | 4 | 11 | 15 |
| Other Liabilities + | 1 | 1 | 1 | 1 | 4 | 10 | 63 | 66 | 83 |
| Total Liabilities | 8 | 9 | 8 | 10 | 20 | 48 | 177 | 270 | 344 |
| Fixed Assets + | 4 | 3 | 3 | 3 | 9 | 10 | 41 | 41 | 30 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 4 | 4 | 5 | 8 | 33 | 50 | 129 | 159 |
| Other Assets + | 1 | 2 | 1 | 2 | 2 | 5 | 86 | 100 | 155 |
| Total Assets | 8 | 9 | 8 | 10 | 20 | 48 | 177 | 270 | 344 |
Financials of Gretex Corporate Services Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0 | 0 | -0 | 1 | 2 | 10 | -19 | -31 | -28 |
| Cash from Investing Activity + | 1 | -0 | -0 | -1 | -4 | -8 | -37 | 2 | -9 |
| Cash from Financing Activity + | -0 | 0 | 1 | 1 | 3 | -2 | 67 | 28 | 26 |
| Net Cash Flow | -0 | 0 | 0 | 0 | 0 | 1 | 12 | -2 | -11 |
| Free Cash Flow | 0 | 0 | -1 | 0 | 2 | 9 | -45 | -35 | -29 |
| CFO/OP | 50% | 36% | 52% | 50% | 113% | 120% | -39% | -321% | -49% |
Financials of Gretex Corporate Services Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 25 | 49 | 144 | 41 | 15 | 7 | 3 | 21 |
| Inventory Days | 380 | 112 | 545 | ||||||
| Days Payable | 0 | 1 | 7 | ||||||
| Cash Conversion Cycle | 16 | 25 | 49 | 144 | 41 | 15 | 386 | 115 | 559 |
| Working Capital Days | -30 | 45 | -62 | 79 | 50 | -90 | 145 | 109 | 260 |
| ROCE % | 7% | -11% | 13% | 14% | 79% | 50% | 3% | 14% |
Guidance history
How Gretex Corporate Services Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | — | — | — |
| Q3 FY26 call → | 10–20% | Up 2%+ | None planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
97 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +233.7% | 99% |
| Last 6 months | +110.5% | 97% |
| Last 3 months | +45.8% | 95% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gretex Corporate Services Ltd: 0.4 × 99 + 0.4 × 97 + 0.2 × 95 = 97.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Gretex Corporate Services Ltd's management said in earlier quarters
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