Shares of this merchant banking company under the ‘micro-cap’ category have proven to deliver multibagger returns over a short-term period of just two years. In the past year, the company’s stock delivered multibagger returns of close to 175 percent to its holders.
Established in 2008, Gretex Corporate Services is a Mumbai-based company providing investment banking and corporate advisory services. The firm assists companies in issuing initial public offerings, corporate finance, leveraged buyouts, loan syndication, M&A, and so on.
With a market capitalization of Rs 600 crores, the company’s shares opened the trading hour on Friday at Rs 535 and, after some volatility, the stock closed the session at Rs 520, slipping around 3.80 percent compared to the previous close of Rs 540.25 apiece.
According to the data available from the Bombay Stock Exchange (BSE), the company’s stock has given multibagger returns of approximately 2,300 percent over a period of just two years ranging from Rs 21.57 per share in April 2022 to the prevailing share price level of Rs 520.
The same means that if someone had invested Rs 10,000 into the stock two years ago, it would have converted to around Rs 2.40 lakhs. The company’s stock hit its 52-week high price on 25th April 2024 recorded at a price of Rs 563.75.
Coming onto the latest financial reports, the company portrayed an increase in operating revenues as well as net profits. The operating revenues increased from Rs 44 crores during Q3FY24 to Rs 83 crores during Q4FY24, and, the net profits, keeping the timeframe the same, stayed uniform at levels of Rs 18.50 crores.
In addition to the above, the consolidated return ratios of the company, viz, the return on equity (RoE) as well as the return on capital employed (RoCE), were reported at healthy numbers during FY23 with the former reported at 56.52 percent and the latter at 25.26 percent.
As per the latest shareholding pattern data, the company’s Promoters hold a 66.24 percent stake, and the Public (retail) investors hold the remaining 33.76 percent stake in the company.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
