Grovy India Share Price & Earnings Call Analysis

Financials of Grovy India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Grovy India

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +10.594.495.615.943.511.261.1119.653.408.2514.963.006.99
Expenses +10.584.254.845.843.511.501.2117.253.486.7914.592.836.37
Operating Profit0.010.240.770.100.00-0.24-0.102.40-0.081.460.370.170.62
OPM %0.09%5.35%13.73%1.68%0.00%-19.05%-9.01%12.21%-2.35%17.70%2.47%5.67%8.87%
Other Income +0.230.060.140.140.340.020.140.050.740.040.570.630.91
Interest0.130.070.050.030.260.010.000.030.420.020.420.050.36
Depreciation0.010.010.010.020.020.020.020.020.020.010.010.010.01
Profit before tax0.100.220.850.190.06-0.250.022.400.221.470.510.741.16
Tax %10.00%27.27%25.88%15.79%33.33%0.00%0.00%24.17%9.09%25.85%25.49%27.03%23.28%
Net Profit +0.090.170.630.170.04-0.250.021.820.201.100.380.540.89
EPS in Rs0.070.130.470.130.03-0.190.021.360.150.820.280.400.67

Financials of Grovy India

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3.937.519.1612.308.7717.8613.2921.5420.9219.5525.4233.20
Expenses +3.747.409.2112.148.6618.9612.9820.9219.6218.4523.4230.57
Operating Profit0.190.11-0.050.160.11-1.100.310.621.301.102.002.63
OPM %4.83%1.46%-0.55%1.30%1.25%-6.16%2.33%2.88%6.21%5.63%7.87%7.92%
Other Income +0.000.000.190.030.01-0.191.270.600.250.690.942.15
Interest0.000.010.000.000.000.040.100.030.280.400.470.86
Depreciation0.020.030.040.030.020.010.030.070.050.060.070.05
Profit before tax0.170.070.100.160.10-1.341.451.121.221.332.403.87
Tax %17.65%42.86%40.00%25.00%30.00%0.00%1.38%4.46%25.41%24.81%25.00%25.06%
Net Profit +0.140.050.060.120.07-1.341.441.080.911.001.792.90
EPS in Rs0.250.090.110.210.12-1.331.431.070.680.751.342.17
Dividend Payout %0.00%0.00%23.33%11.67%35.86%0.00%1.74%2.32%3.66%3.33%7.45%0.00%

Financials of Grovy India

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1.401.401.401.402.512.512.512.513.333.3313.3413.34
Reserves1.621.671.861.997.776.398.089.2014.2615.527.089.72
Borrowings +7.385.584.555.356.978.276.016.6710.2111.3624.6224.96
Other Liabilities +0.040.090.330.160.142.030.150.017.340.183.5225.33
Total Liabilities10.448.748.148.9017.3919.2016.7518.3935.1430.3948.5673.35
Fixed Assets +0.100.130.150.120.100.040.220.160.110.210.150.11
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.023.490.190.230.260.260.670.630.811.350.770.59
Other Assets +10.325.127.808.5517.0318.9015.8617.6034.2228.8347.6472.65
Total Assets10.448.748.148.9017.3919.2016.7518.3935.1430.3948.5673.35

Financials of Grovy India

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +0.000.01-2.91-0.90-3.78-1.070.72-0.39-8.42-0.43-13.420.43
Cash from Investing Activity +0.000.003.38-0.022.980.96-0.280.12-0.17-0.300.760.80
Cash from Financing Activity +0.000.00-1.030.79-0.02-0.030.030.308.080.7212.66-1.22
Net Cash Flow0.000.00-0.56-0.13-0.82-0.150.460.03-0.51-0.010.000.00
Free Cash Flow0.000.01-2.91-0.90-3.78-0.080.51-0.39-8.43-0.54-13.440.42
CFO/OP0%9%5,760%-538%-3,391%95%232%-45%-641%-6%-641%54%

Financials of Grovy India

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0.000.000.000.000.000.614.120.170.0037.5350.6911.32
Inventory Days915.51201.98299.66148.40643.78780.97465.29563.81747.69
Days Payable0.000.000.000.000.006.734.660.000.25
Cash Conversion Cycle915.51201.98299.66148.40643.78774.86464.76563.980.0037.5350.69758.76
Working Capital Days258.19-64.64107.9987.54404.95174.94255.42183.69357.15335.69318.48272.32
ROCE %1.83%0.84%1.22%1.93%0.77%-12.96%9.12%6.58%6.50%5.79%7.63%10.17%

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