Annual Report for FY 2024-25
GRAUWEIL · price
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Awaiting price reaction for this filing.
Grauer & Weil (Growel) filed its 67th Annual Report for FY 2024-25 ahead of the AGM on August 13, 2025. Standalone total income rose modestly to ₹1,173.6 crore from ₹1,127.6 crore, with EBITDA at ₹234.3 crore (vs ₹218.5 crore) and PAT at ₹157 crore (vs ₹144.1 crore). The Surface Finishing Division grew 12.5%, and the Industrial Lubricants segment surged 31.6%, while engineering equipment revenues declined sharply from ₹142.3 crore to ₹107.1 crore due to order deferrals. The company remains nearly debt-free with a debt-equity ratio improving to 0.32 (from 0.51), and reported ROCE of 22.2% and Net Profit Margin of 14.1%. The mall operations (Growel's 101) received a closure notice toward year-end, and the matter is sub judice before the Supreme Court.
The filing confirms steady overall growth with strong profitability and a clean balance sheet, but shareholders should note the engineering segment weakness and the ongoing regulatory overhang on mall operations, which could affect future revenue mix and earnings visibility.