Gratex Industries (BSE: GRATEXI) had a P/E of 37.6× on 5 Nov 2026, and the shares are 41% below their 52-week high. It earns ROCE of 4.4% and ROE of 3.0%, and sales grew 1.7% a year over 3 years while net profit fell 16%. The company has almost no debt. It is a small-cap company with a market cap of ₹5.02 Cr; the shares fell 21% over the past year.
- ₹16.54
- ₹16.54
- ₹16.54
- ₹16.54
- 7
Health check
- ReturnsWeak
−21.2% over the past year.
- Price tagNo peers
P/E 37.6, with no peers to compare.
- GrowthSlow
Sales +1.7%, profit −16.3% a year over 3 years.
- ProfitabilityWeak
ROCE 4.4%.
- Balance sheetSolid
Practically debt-free.
- Red flags2 to check
Return on equity is low at 3.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹5.02 Cr
- Small cap
- P/E
- 37.6
- Price to book
- 1.34
- Book value ₹12.37
- Dividend yield
- 0.00%
- ROE
- 3.0%
- Return on equity
- ROCE
- 4.4%
- Return on capital employed
- Debt to equity
- 0.04
- Debt ₹0.17 Cr
- EPS (TTM)
- ₹0.44
- OPM (TTM)
- 7.5%
- Net margin 2.9%
- Sales growth
- +37.1%
- Latest quarter vs a year ago
- Profit growth
- +121.8%
- Latest quarter vs a year ago
- Price to sales
- 1.09
- EV/EBITDA 15.4
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 121.8% on a year ago.
- Quarterly sales up 37.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 3.0%.
- 41% below its 52-week high.
About Gratex Industries
Gratex Industries Limited manufactures and trades wall papers, wall posters, profiles, catalogues, furniture, and related products in India. The company's principal business activities include the production and sale of finished goods such as wall coverings, profiles, digital posters. The company also offers customized wallpaper, including spiritual and religious, 3D, nature, kids and teens, paintings, abstract, monuments, designer, corporate office,…
- Headquarters
- Navi Mumbai
- Employees
- 17
- Sector
- Consumer Cyclical
- ISIN
- INE915E01013
- Website
- gratex.in
Price range
- Avg volume (3M)
- 200
- 1-year return
- minus 21.2%
- From 52-week high
- minus 41.1%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.9 | 1.1 | 1 | 1.3 | 1.2 | |
| 0.9 | 1 | 0.9 | 1.2 | 1.2 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 6.4% | 6.6% | 7.1% | 8.6% | 7.6% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0.1 | 0.1 | |
| 25.2% | 25.1% | 25.2% | 45.0% | 25.2% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.06 | 0.10 | 0.09 | 0.11 | 0.14 |
Profit & loss
- Sales CAGR 3Y
- +1.7%
- Profit CAGR 3Y
- −16.3%
- EPS CAGR 3Y
- −16.6%
- ROE
- 3.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.1 | 2.8 | 2.6 | 3.2 | |
| – | minus 7.8% | minus 7.1% | +22.7% | |
| 2.7 | 2.5 | 2.3 | 2.9 | |
| 0.4 | 0.3 | 0.3 | 0.3 | |
| 11.8% | 10.2% | 11.4% | 9.6% | |
| 0 | −0 | 0 | −0 | |
| 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.2 | 0.1 | |
| – | −0 | −0 | – | |
| 0.2 | 0.1 | 0.1 | 0.2 | |
| 16.6% | 23.8% | 33.5% | 32.9% | |
| 0.2 | 0.1 | 0.1 | 0.1 | |
| – | minus 49.9% | minus 24.0% | +54.2% | |
| 0.62 | 0.31 | 0.24 | 0.36 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 3 | 3 | 3 | |
| 0.4 | 0.5 | 0.6 | 0.7 | |
| 0.1 | 0.1 | 0.1 | 0.2 | |
| 0.7 | 0.6 | 0.4 | 0.8 | |
| 4.1 | 4.2 | 4.1 | 4.7 | |
| 1.1 | 1 | 1 | 1.1 | |
| 0.3 | 0.3 | 0.3 | 0.3 | |
| 0 | 0 | 0 | 0 | |
| 2.7 | 2.9 | 2.7 | 3.3 | |
| 4.1 | 4.2 | 4.1 | 4.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | 0.1 | 0.2 | 0.1 | |
| −0.2 | −0.1 | −0.2 | −0.2 | |
| −0.1 | 0 | −0 | 0.1 | |
| −0 | 0 | −0 | 0 | |
| −0.2 | −0.1 | −0.2 | −0.2 | |
| 0.1 | −0 | 0 | −0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.