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NSE:GCSL

GRETEX CORPORATE SERVICES

Financial Services › Capital Markets
₹751.80
at close · 28 Oct 2026
▲ 3.65 (+0.49%)

Latest filings

Next results: Thu, 5 Nov · Financial Results
  1. SEBI imposes Rs 8 lakh penalty over Taurian MPS IPO disclosure · Regulatory & Legal
  2. RTA Certificate under SEBI Depositories Regulations for Q2 FY27 · Compliance
  3. Filed DRHP for two client companies on NSE Emerge platform · Capital Market Events
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides capital market services to companies seeking to list on Indian stock exchanges and to securities market participants. The core business is SME merchant banking — it ranks among the Top 5 SME merchant bankers in India with over 60 successful SME IPOs to its credit, and as merchant banker files DRHPs and manages the IPO process on behalf of issuing companies (a recent mandate was the DRHP of Sky Alloys and Power Limited on the NSE and BSE main boards). Securities broking is run through subsidiary Gretex Share Broking, which contributed Rs 14,582 lakhs in revenue in FY26. Costs are dominated by employee costs (6% of revenue) and other operating expenses (19.8% of revenue), with no material input costs, consistent with a services-based model. FY26 consolidated revenue was Rs 178.516 cr with an EBITDA margin of 24.3%. The company migrated from the BSE SME platform to the main boards of BSE and NSE in September 2025 and reported itself as 100% debt free.

Operating scale
SME IPOs completed
Over 60FY26
SME merchant banker ranking
Top 5 in IndiaFY26
Gretex Share Broking revenue
Rs 14,582 lakhsFY26
Mainboard migration
September 2025 (BSE and NSE)FY26
Debt status
100% debt freeFY26
EBITDA margin
24.3%FY26
Who pays it
Companies raising capital through SME IPOs and securities market participants using the broking platform
Biggest cost
Employee costs at 6% of revenue, alongside other operating expenses at 19.8% of revenue
Kind of business
Asset-light, services-based capital market intermediary with merchant banking and broking subsidiaries
Where it sits
Top 5 SME merchant banker in India by number of SME IPOs; listed on NSE and BSE mainboards
Market Cap
₹1,816 Cr
P / E (TTM)
48.7×
EV / EBITDA
31.1×
Div Yield
0.04%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
12.8%▲
ROCE (5y median)
ROE 8.8% · margin 24.3%
Leverage
0.03·
Debt / Equity · low
Net debt ₹9.29 Cr
Revenue FY22→FY26
43.2×▲
Revenue change
₹4 Cr → ₹179 Cr
Cash conversion
-1.17×▼
Operating cash ÷ profit · 3 yrs
₹-78 Cr on ₹66 Cr
Moves on a normal day
1.82%·
Median daily move
Last 266 sessions · the yardstick for filing-day moves
Where it sits among 68 Capital Markets peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#52/58
P/B#47/65
ROCE#23/33
ROE#41/65
Debt / Equity#18/30
EBITDA margin#31/64
Revenue growth#7/58
Profit growth#1/61

Scorecard

Measured from the filed financials, judged against its Capital Markets peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Over 3 years it reported ₹66 Cr of profit and an operating cash outflow of ₹78 Cr — -1.17×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 291 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

GCSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from GRETEX CORPORATE SERVICES's filed financials and exchange disclosures

What does GRETEX CORPORATE SERVICES do?

GRETEX CORPORATE SERVICES is a Capital Markets company listed on NSE and BSE, trading under the symbol GCSL.

Is GRETEX CORPORATE SERVICES profitable?

Yes. Over the trailing twelve months GRETEX CORPORATE SERVICES reported a net profit of ₹40 Cr on revenue of ₹194 Cr.

Does GRETEX CORPORATE SERVICES pay a dividend?

Yes. The dividend yield is 0.04% at the current price. It paid out 2% of its profit as dividend in FY26.

Is GRETEX CORPORATE SERVICES debt-free?

No. It reported borrowings of ₹10 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹9.29 Cr after cash. Debt stands at 0.03× equity. That is higher than 59% of its 30 Capital Markets peers.

Is GRETEX CORPORATE SERVICES expensive compared with its peers?

On trailing P/E, GRETEX CORPORATE SERVICES ranks 52 of 58 in Capital Markets — cheaper than 11% of them, against an industry median of 19.6×. This is a position, not a valuation judgement.

How much does the GRETEX CORPORATE SERVICES share price move in a day?

On a typical session GRETEX CORPORATE SERVICES moves 1.82% — that is the median absolute close-to-close move across its last 266 trading days. MarketPing measures each filing's price reaction against it.

When are GRETEX CORPORATE SERVICES's next results?

Financial Results on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track GRETEX CORPORATE SERVICES's announcements?

Every NSE and BSE filing by GRETEX CORPORATE SERVICES appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.