Announcement
Announcement under Regulation 30 (LODR)-Conversion of Securities 9 Sep - Board allotted 8,46,033 equity shares to Ambition Tie-Up on warrant conversion; post-capital Rs.25.01 crore.
Source: Bse
Gretex Corporate Services Limited (GCSL)
Small CapFinancial Services stocks · Small cap · NSE
Gretex Corporate Services Limited operates in Services, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹732.75
-7.70 · -1.04%
Market cap ₹1,706 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result31 Jul, 11:57 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
65Bullishfull bull SMA stack · SMA20 +20.3% / mo · RSI overbought · MACD + · near 52W high
Stock trend: 78
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GCSLD candles · FIT view+116.0%Latest close ₹732.75 on 2026-10-19
Bar
-1.2%
RSI
78
MACD hist
1.19
52W pos
97%
2026-10-19O ₹742.00H ₹749.45L ₹721.00C ₹732.75Vol 4.9L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GCSLNifty Financial ServicesNifty 500
- GCSL
- +41.1%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +46.7 pp
Chart stats
19 Oct 2026- From 52W high
- -2.2%
- 52W range position
- 97%
- ATR (14)
- 2.5%
- Volume vs 20D
- 1.01x
- Avg traded value
- ₹32.1 Cr
- 20D price channel
- ₹617.1 - ₹749.5
₹749.5
₹213.2 - ₹749.5
₹18.6
Latest completed session
20-session average
20.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED31
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +72.7% · PAT +1200.0% YoY
Technical
Bullish65
Price trend and sector-relative-strength timing.
Valuation
Legacy model-145.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence53
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +73% YoY · PAT +1200% YoY · margin expansion · +9% QoQ · operating leverage
Filed 31 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹38 Cr | +72.7% | +8.6% |
| EBITDA | ₹17 Cr | +750.0% | +70.0% |
| Operating margin | 46.0% | +3800 bps | +1800 bps |
| PAT | ₹13 Cr | +1200.0% | +85.7% |
| PAT margin | 34.2% | +2966 bps | +1421 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 62.60
- P/B
- 9.42
- EV/EBITDA
- 28.68
- Market Cap
- 1706.00Cr
Profitability
- ROE
- 12.70%
- ROCE
- 16.70%
- ROA
- 15.21%
- Dividend Y
- 0.10%
Growth (CAGR)
- Revenue 5Y
- 124.00%
- EPS 5Y
- 106.00%
- Revenue 3Y
- 133.00%
- EPS 3Y
- 2.00%
Balance Sheet
- Debt/Equity
- 0.09
- Interest Coverage
- 29.00×
- Altman Z
- 8.48
- Book Value
- 72.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- -28.00 Cr
- EPS TTM
- 11.70
Shareholding
- Promoter Hold
- 17.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 89%
Financial History
Updated 18/10/2026
Revenue
₹ CrLatest: 38.0+8.6% vs prev
Net Profit
₹ CrLatest: 13.0+85.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 78. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~16.9% over last month) — short-term momentum positive.
- RSI(14) at 78 — overbought zone; risk of mean reversion.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 3% of 52-week high — testing resistance.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
98
RS percentile
Stage 2 UptrendEstablished S2
1M return
+18.5%
3M return
+41.1%
6M return
+111.2%
1Y return
+219.2%
RS 1D
0
RS 20D
+2
Sector rank
#10
Industry rank
#16
Stage evidence
- Price is 53.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +10.2%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 observed by
01 May 2026
S2 age
120 trading sessions
Sector
weakening
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 291.53-0.02%
RS vs Nifty 500292
Valuation & peers
U-Score 31 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 31 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth18/25
Quality3/20
Balance Sheet7/15
Cash Flow1/10
Piotroski
6/9 (+3)
Penalties
-1
Raw sum
31
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
31/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 18/25 to the score.
- Balance sheet contributes 7/15 to the score.
- Quality contributes 3/20 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -145.6%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
62.6
PB
9.4
EV/EBITDA
28.7
ROE
12.7%
ROCE
16.7%
FCF Yield
—
Debt/Equity
0.1
MoS
-145.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
31
Previous: 31
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-145.6%
Previous: -145.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
31
31
31
31
31
31
31
31
31
31
31
31
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹138.06
-430.8% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹298.35
-145.6% MoS
PEG
0.97
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BLUSPRING
Small
Bluspring Enterprises Limited
Financial Services
match 86
14
142.0
-0.5%
-1982%
OVERVALUED
HEADSUP
Small
Heads UP Ventures Limited
Financial Services
match 78
4
—
-0.2%
—
OVERVALUED
RNFI
SME
RNFI Services Ltd.
Financial Services
match 77
52
28.0
23.0%
-9%
FAIR VALUE
AKIKO
SME
Akiko Global Services Ltd.
Financial Services
match 75
52
24.0
29.4%
+7%
FAIR VALUE
PNBGILTS
Small
PNB Gilts Limited
Financial Services
match 60
30
6.8
11.0%
-146%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Gretex Corporate Services Limited operates in Services, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
53Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 12th percentile of the scored universe and 17th percentile within Financial Services. Main check: results consistency is weak at 26/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
16 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
12th percentile
overall median 67 · Financial Services: 17th pctile, median 62 · Small: 14th pctile, median 66
Evidence depth
Financial-only
16 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
48
watch · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
26
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.09.
Trust risks
- ▸Promoter holding fell 62%.
- ▸Operating cash flow is negative at ₹-28 Cr.
- ▸Promoter holding is only 17%.
- ▸ROCE trend is -6.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Gretex Corporate Services Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Allotment 19 Aug - On 19 Aug 2026, Gretex allotted 7.5 lakh warrants at ₹358 each to non-promoter investors.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Allotment 10 Aug - Board allotted 5,55,167 warrants to Ambition Tie-Up Pvt Ltd at ₹358 each on 10 August 2026.
Source: Bse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jul - Intimation regarding publication of Notice related to AGM, Dividend and other related matters after dispatching Annual Report to the shareholders.
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 8 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Jul - Intimation regarding publication of Notice of AGM, Final Dividend and other related matters.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Meeting Updates 18 May - Corrigendum to May 7 postal ballot clarifies ₹69.85 crore preferential warrant issue, pricing, and allottee details.
Source: Bse
Announcement
Intimation Under Regulation 30 Of SEBI (LODR)Regulations, 2015 9 May - Gretex signed a mandate with a West Bengal ferro alloys company for SME or NSE Emerge listing.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 May
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.