Gretex Industries Limited is an India-based company engaged in the trading of musical instruments. The Company is the authorized distributor of musical instruments (MI), professional audio (PA), and audiovisual (AV) products in Eastern and Northeastern India for globally renowned brands, including Yamaha, Hogar, D'Addario, Rico, Evans, Promark, Planet Waves, Sweton, IA Stands, Gappu, Beta 3, CKS Acoustics, among others.
Incorporated in 2009, Gretex Industries Ltd serves as the sole authorized distributor for Musical Instruments, Professional Audio & Audio Visual products in Eastern & North Eastern India for globally renowned brands. The company has established itself as a key player in the regional distribution network for premium international music and audio equipment brands.
Its product categories include Adaptors, Cables, Capo, Rosin, Plectrum, Tuners, Rico, Amplifiers, Evans, Planet Waves, Promark, Puresound, Electric basses, Classical Guitars, Electric Guitars, Silent Guitars, Portable Keyboard and Synthesizers. The comprehensive product portfolio caters to both professional musicians and amateur enthusiasts across various musical instruments and audio equipment segments.
Gretex Industries Ltd has demonstrated strong financial performance with impressive growth metrics. The company has an operating revenue of ₹72.93 Cr on a trailing 12-month basis with an outstanding annual revenue growth of 110%. It boasts a strong pre-tax margin of 39% and an exceptional Return on Equity (ROE) of 42%.
The trailing twelve months (TTM) profit after tax for Gretex Industries Ltd was ₹10 Cr. Notably, the company is debt-free, which signifies a strong balance sheet and enables it to report stable earnings growth across business cycles. This financial strength provides a solid foundation for the company's continued expansion in the musical instruments distribution business.
- Market Capitalization: ₹345.18 Crores (as of June 30, 2025)
- Share Price: ₹233.00 (as of June 30, 2025)
- PE Ratio: 243.08
- PB Ratio: 13.81
- Book Value: ₹16.2
- ROE: 42% (exceptional)
- Revenue Growth: 110% (annual)
- Pre-tax Margin: 39%
- TTM Profit After Tax: ₹10 Cr
- Promoter Holding: 63.4%
Gretex Industries Limited is the authorized distributor for musical instruments (MI), professional audio (PA), and audiovisual (AV) products in Eastern and Northeastern India for globally renowned brands. The company's product categories are extensive, covering Adaptors, Cables, Capo, Rosin, Plectrum, Tuners, Rico, Amplifiers, Evans, Planet Waves, Promark, Puresound, Electric basses, Classical Guitars, Electric Guitars, Silent Guitars, Portable Keyboard, and Synthesizers. This wide range caters to a diverse customer base, from professional musicians to amateur enthusiasts.
The company's strategy revolves around being the sole authorized distributor for premium global brands such as Yamaha, Hogar, D'Addario, Rico, Evans, Promark, Planet Waves, Sweton, IA Stands, Gappu, Beta 3, and CKS Acoustics, primarily in the Eastern and Northeastern regions of India. This focus on high-quality, well-known brands provides a competitive advantage and establishes a strong market presence. The comprehensive product portfolio ensures that the company can meet a wide spectrum of needs within the music and audio equipment segments.
From a technical standpoint, the stock is comfortably placed above its key moving averages, trading around 27% and 228% from its 50-day and 200-day moving averages, respectively. It is currently forming a base in its weekly chart and is trading approximately 21% away from its crucial pivot point.
From an O'Neil Methodology perspective, the stock has an EPS Rank of 47, indicating some inconsistency in earnings. However, it holds an RS Rating of 95, which is excellent and suggests strong outperformance compared to other stocks. The company's industry group is classified as Apparel-Clothing Manufacturing, and the high relative strength rating of 95 underscores its strong momentum in the market.
The company's core strength lies in its position as the authorized distributor for premium global brands like Yamaha and other renowned musical instrument manufacturers, providing a significant competitive moat in the Eastern and Northeastern Indian markets. The strong financial performance, debt-free status, and impressive revenue growth make Gretex Industries Ltd an interesting proposition for investors seeking exposure to niche distribution businesses with regional dominance.
However, potential investors should carefully consider the high PE ratio (243.08) and the inherent volatility typical of SME-listed stocks before making investment decisions.
