Gretex Industries

Mumbai, India Founded: 2013 • Age: 13 yrs Listed
Distributor and retailer of musical instruments, professional audio equipment, and audio visual products, serving as an authorized partner for global brands

About Gretex Industries

Gretex Industries is a publicly listed company based in Mumbai (India) founded in 2013. Distributor and retailer of musical instruments, professional audio equipment, and audio visual products, serving as an authorized partner for global brands. The company has 3 employees. Its Indian entity Gretex Industries Limited reported revenue of ₹57.00 Cr. Gretex Industries offers products and services including Musical Instruments and Accessories and Services. Its focus areas include Music Equipment.

Company details

Gretex Industries Limited was established in 2013 in Mumbai, India, as a distributor of musical instruments, professional audio equipment, and audio-visual products. Operations are centered in Eastern and North Eastern India, where partnerships with global brands are maintained to support the music sector. ISO 9001 certification has been obtained, ensuring standardized distribution and retail services for various professional applications.

Key Metrics
  • Market Cap
    ₹328 Cr

    GRETEX-SM · NSE

  • Share Price
    ₹211.85

    0.00% today

  • Revenue
    ₹55.71 Cr

    FY 2025-26 · +55.8% YoY

  • EBITDA
    ₹0.97 Cr

    Margin 1.7%

  • Net Profit
    ₹1.41 Cr

    FY 2025-26 · +6.0% YoY

  • P/E (TTM)
    223.1x

    P/B 6.3x

  • ROE
    3.8%

    ROCE 3.5%

  • Debt / Equity
    0.12

    Interest cover 89.7x

  • Employee Count
    3

Products & Services of Gretex Industries

Gretex Industries offers a comprehensive portfolio of products and services, including Musical Instruments and Accessories and Services.

Musical Instruments
Retail Products

Distribution of instruments like guitars and pianos is conducted by Gretex Industries Limited for retail and online sales

Accessories and Services
Support Products

Accessories such as tuners and cables are provided by Gretex Industries Limited alongside online shopping options

Board of directors of Gretex Industries Limited (Gretex Industries)

Gretex Industries Limited is the primary company behind Gretex Industries. The board of Gretex Industries Limited currently have 5 directors; the longest-serving is Arvind Harlalka, appointed in 2010. 22 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Arvind Harlalka
DIN 00494136
Managing Director24 Feb 201016 yrs 8 moGretex Industries Limited
Alok Harlalka
DIN 02486575
Director29 Jul 20179 yrs 3 moGretex Industries Limited
Vivek Khandelwal
DIN 10692197
Director02 Jul 20242 yrs 4 moGretex Industries Limited
Vishal Arora
DIN 07558718
Director04 Jul 20242 yrs 4 moGretex Industries Limited
Priyanka Kirtikumar Marvania
DIN 11676606
Director04 May 20266 moGretex Industries Limited

IPO & Listings of Gretex Industries

Gretex Industries is a publicly listed company on the NSE with ticker symbol GRETEX in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date14 Oct 2016
  • Listed onNSE: GRETEX
  • Listed entityGretex Industries Ltd.
  • Exchange sectorConsumer non-durables
  • ISININE985P01012
  • Share price₹214.00 (-4.89% on the day) · 2026-09-25
  • Market capitalisation₹332 Cr
  • Price to earnings92.5
  • EPS (diluted, trailing year)₹2.31
  • Volume (last session)750

Financials of Gretex Industries

Exchange-reported figures of Gretex Industries Limited, the listed company behind Gretex Industries (NSE: GRETEX-SM).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹55.71 Cr
+55.8% YoY
EBITDA
₹0.97 Cr
+44.8% YoY
Profit After Tax
₹1.41 Cr
+6.0% YoY
Net Worth
₹52.30 Cr
+98.1% YoY
Total Assets
₹56.59 Cr
+46.5% YoY
Total Debt
₹0.74 Cr
-91.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Income statement
Revenue55.7135.7634.7625.2913.149.622.38
Revenue growth+55.8%+2.9%+37.5%+92.5%+36.6%--
EBITDA0.970.670.610.880.16(0.22)(1.36)
EBITDA margin+1.7%+1.9%+1.8%+3.5%+1.2%-2.3%-57.1%
Profit before tax1.121.2613.450.870.35(0.20)(2.07)
Net profit1.411.330.940.640.520.50(0.09)
Net profit margin+2.5%+3.7%+2.7%+2.5%+4.0%+5.2%-3.8%
EPS (₹)0.890.9623.621.531.28(0.76)0.00
Balance sheet
Total assets56.5938.6426.189.545.193.524.98
Net worth52.3026.4023.594.674.023.483.82
Total debt0.748.611.054.440.820.031.16
Cash & bank2.310.521.240.280.630.570.22
Net working capital21.3319.9711.886.554.953.432.74
Cash flow
Cash from operations2.53(7.02)(8.01)0.40(0.28)(0.18)(2.28)
Cash from investing(16.96)(2.07)9.26(0.68)0.380.161.12
Cash from financing15.808.38(0.28)(0.07)(0.04)(0.04)1.12
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue11.4916.1914.6113.507.649.959.089.74
Revenue growth (YoY)+50.4%+62.7%+60.9%+38.6%+843.2%---
Other income(1.40)0.971.350.400.410.810.640.28
EBITDA(0.23)0.760.150.410.020.450.330.22
EBITDA margin-2.0%+4.7%+1.0%+3.0%+0.3%+4.5%+3.6%+2.3%
Depreciation0.210.270.230.140.020.170.070.02
Interest0.020.030.040.180.270.230.120.02
Profit before tax(1.86)1.431.230.490.140.860.780.46
Tax(0.85)0.140.270.21(0.65)(0.23)0.180.11
Net profit(1.01)1.290.960.280.791.090.600.35
EPS (₹)0.001.090.520.130.520.611.250.20
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue51.3032.9231.1321.9013.149.6211.15
Revenue growth+55.8%+5.8%+42.2%+66.7%+36.6%-13.7%-
EBITDA0.650.480.280.790.16(0.22)(0.28)
EBITDA margin+1.3%+1.5%+0.9%+3.6%+1.2%-2.3%-2.5%
Profit before tax0.641.1513.270.830.35(0.20)(0.24)
Net profit1.281.5810.050.650.52(0.06)(0.23)
Net profit margin+2.5%+4.8%+32.3%+3.0%+4.0%-0.6%-2.1%
EPS (₹)0.811.0823.701.531.28(0.76)(0.54)
Balance sheet
Total assets53.5037.1224.809.184.853.523.90
Net worth52.6326.7523.634.674.023.483.80
Total debt0.7110.261.054.440.820.030.09
Cash & bank1.740.350.260.260.610.570.63
Net working capital19.0518.359.805.523.283.432.99
Cash flow
Cash from operations2.96(6.83)8.10(0.25)1.37(0.18)0.75
Cash from investing(15.63)(1.06)(4.44)(0.04)(1.29)0.160.05
Cash from financing14.037.99(3.64)(0.07)(0.04)(0.04)(0.47)
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue10.7514.8713.8211.876.685.178.257.44
Revenue growth (YoY)+60.9%+187.6%+67.5%+59.5%----
Other income(1.45)0.201.640.360.39(0.77)0.830.33
Total expenses10.9414.3213.7411.646.6512.248.307.37
EBITDA(0.19)0.550.080.230.03(7.07)(0.05)0.07
EBITDA margin-1.8%+3.7%+0.6%+1.9%+0.4%-136.8%-0.6%+0.9%
Depreciation0.100.160.140.080.02(0.05)0.050.02
Interest0.040.030.030.180.340.060.120.02
Profit before tax(1.78)0.561.550.330.06(7.85)0.610.36
Tax(1.04)0.080.210.11(0.67)(0.09)0.130.06

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue11.4916.1914.6113.507.649.959.089.74
Revenue growth (YoY)+50.4%+62.7%+60.9%+38.6%+843.2%---
Other income(1.40)0.971.350.400.410.810.640.28
EBITDA(0.23)0.760.150.410.020.450.330.22
EBITDA margin-2.0%+4.7%+1.0%+3.0%+0.3%+4.5%+3.6%+2.3%
Depreciation0.210.270.230.140.020.170.070.02
Interest0.020.030.040.180.270.230.120.02
Profit before tax(1.86)1.431.230.490.140.860.780.46
Tax(0.85)0.140.270.21(0.65)(0.23)0.180.11
Net profit(1.01)1.290.960.280.791.090.600.35
EPS (₹)0.001.090.520.130.520.611.250.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Revenue55.7135.7634.7625.2913.149.622.38
Revenue growth+55.8%+2.9%+37.5%+92.5%+36.6%--
Other income1.291.1813.250.100.280.10(0.05)
Total expenses54.7435.0934.1524.4112.989.843.74
Employee cost0.001.861.611.150.500.390.13
EBITDA0.970.670.610.880.16(0.22)(1.36)
EBITDA margin+1.7%+1.9%+1.8%+3.5%+1.2%-2.3%-57.1%
Depreciation0.850.090.090.040.050.070.50
Interest0.290.500.320.070.040.010.16
Profit before tax1.121.2613.450.870.35(0.20)(2.07)
Tax(0.22)(0.24)3.420.21(0.17)0.11(0.47)
Net profit1.411.330.940.640.520.50(0.09)
Net profit margin+2.5%+3.7%+2.7%+2.5%+4.0%+5.2%-3.8%
EPS (₹)0.890.9623.621.531.28(0.76)0.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Equity & liabilities
Share capital15.5114.814.214.214.214.214.21
Reserves & surplus36.7911.5919.380.46(0.19)(0.73)(0.39)
Shareholders' funds (net worth)52.3026.4023.594.674.023.483.82
Minority interest3.393.511.410.360.340.000.00
Secured loans0.007.390.000.000.000.031.16
Unsecured loans0.741.221.054.440.820.000.00
Total debt0.748.611.054.440.820.031.16
Total liabilities56.5938.6426.189.545.193.524.98
Assets
Gross block27.9516.357.171.040.350.331.72
Net block26.6115.626.750.700.050.071.33
Capital work in progress0.000.000.000.000.000.000.00
Investments8.052.957.140.020.000.000.57
Inventories16.1212.195.273.693.512.031.74
Sundry debtors2.904.902.812.141.010.991.16
Cash & bank balances2.310.521.240.280.630.570.22
Loans & advances10.217.437.801.570.600.710.07
Total current assets31.5425.0417.127.685.754.303.19
Total current liabilities10.215.075.241.130.800.870.45
Net working capital21.3319.9711.886.554.953.432.74
Total assets56.5938.6426.189.545.193.524.98
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Opening cash0.521.220.280.630.570.630.26
Net cash from operating activities2.53(7.02)(8.01)0.40(0.28)(0.18)(2.28)
Net cash from investing activities(16.96)(2.07)9.26(0.68)0.380.161.12
Net cash from financing activities15.808.38(0.28)(0.07)(0.04)(0.04)1.12
Net change in cash1.37(0.70)0.97(0.36)0.06(0.05)(0.04)
Closing cash2.310.521.240.280.630.570.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Growth
Sales growth+55.8%+2.9%+37.5%+92.5%+36.6%--
EBITDA growth+44.8%+9.8%-30.7%+450.0%+172.7%--
PBT growth-55.8%-78.1%+1446.0%+148.6%+9998.0%+90.3%-
Net income growth+6.0%+41.5%+46.9%+23.1%+4.0%--
Revenue CAGR (3Y)+30.2%+41.1%+53.5%+119.9%+52.3%--
EBITDA CAGR (3Y)+9.0%+67.4%---45.7%--
Profitability & leverage
Net income margin+2.7%+8.1%+28.9%+2.6%+4.0%-3.2%-67.2%
Return on capital employed+3.5%+11.5%+8.3%+12.1%+8.6%0.0%0.0%
Return on net worth+3.8%+11.9%+7.2%+12.9%+12.4%0.0%0.0%
Debt / equity0.120.190.190.600.110.010.53
Long-term debt / equity0.010.010.000.000.000.000.34
Interest cover89.66150.0061.548.3336.36-3.45-8.60
Efficiency & per share
Fixed asset turnover2.523.148.4736.3938.6529.150.77
Inventory turnover3.944.237.767.034.744.742.25
Debtors turnover14.319.5714.0416.0613.149.721.95
EPS (₹)0.951.9523.621.531.28(0.76)0.00
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)33.7217.8356.0211.099.568.289.08
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue10.7514.8713.8211.876.685.178.257.44
Revenue growth (YoY)+60.9%+187.6%+67.5%+59.5%----
Other income(1.45)0.201.640.360.39(0.77)0.830.33
Total expenses10.9414.3213.7411.646.6512.248.307.37
EBITDA(0.19)0.550.080.230.03(7.07)(0.05)0.07
EBITDA margin-1.8%+3.7%+0.6%+1.9%+0.4%-136.8%-0.6%+0.9%
Depreciation0.100.160.140.080.02(0.05)0.050.02
Interest0.040.030.030.180.340.060.120.02
Profit before tax(1.78)0.561.550.330.06(7.85)0.610.36
Tax(1.04)0.080.210.11(0.67)(0.09)0.130.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue51.3032.9231.1321.9013.149.6211.15
Revenue growth+55.8%+5.8%+42.2%+66.7%+36.6%-13.7%-
Other income0.761.3113.330.150.280.100.22
Total expenses50.6532.4430.8521.1112.989.8411.43
Employee cost0.001.761.610.790.500.390.64
EBITDA0.650.480.280.790.16(0.22)(0.28)
EBITDA margin+1.3%+1.5%+0.9%+3.6%+1.2%-2.3%-2.5%
Depreciation0.490.090.090.040.050.070.13
Interest0.280.550.250.070.040.010.05
Profit before tax0.641.1513.270.830.35(0.20)(0.24)
Tax(0.64)(0.43)3.290.18(0.17)0.11(0.01)
Net profit1.281.5810.050.650.52(0.06)(0.23)
Net profit margin+2.5%+4.8%+32.3%+3.0%+4.0%-0.6%-2.1%
EPS (₹)0.811.0823.701.531.28(0.76)(0.54)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.5114.814.214.214.214.214.21
Reserves & surplus37.1211.9419.420.46(0.19)(0.73)(0.41)
Shareholders' funds (net worth)52.6326.7523.634.674.023.483.80
Secured loans0.007.390.000.000.000.030.02
Unsecured loans0.712.871.054.440.820.000.07
Total debt0.7110.261.054.440.820.030.09
Total liabilities53.5037.1224.809.184.853.523.90
Assets
Gross block2.741.751.071.040.350.331.51
Net block2.031.280.650.700.050.070.79
Capital work in progress0.000.000.000.000.000.000.00
Investments31.7017.4414.110.681.320.000.00
Inventories12.0311.014.593.372.172.031.68
Sundry debtors4.614.412.812.141.010.991.44
Cash & bank balances1.740.350.260.260.610.570.63
Loans & advances8.147.446.930.660.240.710.65
Total current assets26.5223.2114.596.434.034.304.40
Total current liabilities7.474.864.790.910.750.871.41
Net working capital19.0518.359.805.523.283.432.99
Total assets53.5037.1224.809.184.853.523.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.350.240.240.610.570.630.30
Net cash from operating activities2.96(6.83)8.10(0.25)1.37(0.18)0.75
Net cash from investing activities(15.63)(1.06)(4.44)(0.04)(1.29)0.160.05
Net cash from financing activities14.037.99(3.64)(0.07)(0.04)(0.04)(0.47)
Net change in cash1.370.110.03(0.36)0.04(0.05)0.33
Closing cash1.740.350.260.260.610.570.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+55.8%+5.8%+42.2%+66.7%+36.6%-13.7%-
EBITDA growth+35.4%+71.4%-64.6%+393.8%+172.7%+21.4%-
PBT growth-44.4%-91.3%+1498.8%+137.1%+9998.0%+16.7%-
Net income growth-19.0%-84.3%+1446.2%+25.0%+966.7%+73.9%-
Revenue CAGR (3Y)+32.8%+35.8%+47.9%+25.2%-2.6%+6.1%+67.3%
EBITDA CAGR (3Y)-6.3%+44.2%---10.1%--41.0%
Profitability & leverage
Net income margin+2.5%+4.8%+32.1%+3.0%+4.0%-3.2%-2.1%
Return on capital employed-+5.8%+78.3%+11.3%+8.6%0.0%0.0%
Return on net worth-+6.6%+69.2%+12.3%+12.4%0.0%0.0%
Debt / equity-0.220.190.600.110.020.13
Long-term debt / equity-0.000.000.000.000.000.06
Interest cover175.00141.03131.589.3336.36-3.45-12.20
Efficiency & per share
Fixed asset turnover-28.0229.5131.5138.6510.466.84
Inventory turnover-4.227.827.916.265.197.46
Debtors turnover-9.6112.5813.9013.147.925.93
EPS (₹)0.811.0823.701.531.28(0.76)(0.54)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0017.0356.1011.099.568.289.03

Web traffic of Gretex Industries

The website of Gretex Industries (gretexindustries.com) receives about 3.1K visits a month.

  • Monthly visits
    3.1K

    ▼ 11.5% vs previous month

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Frequently Asked Questions about Gretex Industries

Gretex Industries was founded in 2013.

Gretex Industries is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Gretex Industries has 3 employees.

The primary company behind Gretex Industries, Gretex Industries Limited, reported revenue of ₹57.00 Cr for FY 2026, up 56% year on year.

Gretex Industries Limited was established in 2013 in Mumbai, India, as a distributor of musical instruments, professional audio equipment, and audio-visual products. Operations are centered in Eastern and North Eastern India, where partnerships with global brands are maintained to support the music sector. ISO 9001 certification has been obtained, ensuring standardized distribution and retail services for various professional applications.

Gretex Industries offers Musical Instruments and Accessories and Services.

Yes, Gretex Industries is publicly traded on NSE under the ticker symbol GRETEX.

Gretex Industries operates through Gretex Industries Limited.

The legal entities of Gretex Industries currently have 7 directors, including Alok Harlalka, Arvind Harlalka, Pradeep Mertia and others.

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