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Gratex Industries Ltd (526751)

📊 BSE: 526751 🏢 Paper & Paper Products 📢 Latest filing: 11 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Gratex Industries' revenue was ₹1.2 Cr (+36.9% year on year, -1.9% on the previous quarter), and net profit ₹0.0 Cr (+114.0% year on year); the operating margin was 7.6%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.2	+36.9%	-1.9%
Operating profit	₹0.1	+57.3%	-14.2%
Net profit	₹0.0	+114.0%	+7.0%
EPS (₹)	0.14	+100.0%	+7.7%
Operating margin	7.6%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Gratex Industries Schedules 42nd AGM for Sept 10; Proposes RPTs with Marshalls Enterprises

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Aug 2026, 03:36 PM

Gratex Industries has released its FY 2025-26 Annual Report and scheduled its 42nd Annual General Meeting (AGM) for September 10, 2026. The company reported a FY26 revenue of ₹4.27 cr and a net profit of ₹0.11 cr, showing modest growth from FY25 revenue of ₹3.75 cr. A key agenda item for the AGM is the approval of material Related Party Transactions (RPT) with Marshalls Enterprises India Private Limited for a three-year period (FY28-FY30). The company remains a micro-cap with a market capitalization of ₹7 cr and maintains a low debt-to-equity ratio of 0.05.

FY26 Revenue increased to ₹4.27 cr from ₹3.75 cr in FY25
Net Profit for FY26 stood at ₹0.11 cr compared to ₹0.07 cr in the previous year
42nd AGM scheduled for September 10, 2026, at 01:00 p.m. IST via Video Conferencing
Proposed material Related Party Transactions with Marshalls Enterprises India Private Limited for FY 2027-28 to 2029-30
Total financial liabilities reported at 65,341 (as per maturity analysis table) for March 31, 2026

💡 Investors should review the explanatory statement in the Annual Report regarding the nature and scale of Related Party Transactions with Marshalls Enterprises to ensure they are conducted at arm's length.

Gratex Industries to Seek Approval for Related Party Transactions Worth ~425% of Turnover

🔵 WATCH ⭐ 7/10

BOARD_MEETING 📅 11 Aug 2026, 03:27 PM

Gratex Industries has issued a notice for its 42nd Annual General Meeting (AGM) to be held on September 10, 2026. The key agenda item is the approval of material Related Party Transactions (RPT) with Marshalls Enterprises India Private Limited for the period FY 2027-28 to FY 2029-30. These transactions are highly significant, representing approximately 425% of the company's annual consolidated turnover. The company reported a TTM revenue of only ₹4 Cr, making these proposed transactions central to its business operations.

AGM scheduled for September 10, 2026, via Video Conferencing to approve FY26 financials and RPTs.
Proposed Related Party Transactions (RPT) with Marshalls Enterprises India Private Limited represent ~425% of annual turnover.
Warehousing charges from the related party are projected at ₹2.20 Cr for FY 2027-28, rising to ₹3.00 Cr by FY 2029-30.
Franchise commission and packing/forwarding charges for FY 2027-28 are estimated at ₹0.60 Cr and ₹1.10 Cr respectively.
The company maintains a micro-cap status with a market capitalization of only ₹7 Cr and TTM PAT of ₹0 Cr.

💡 Investors should monitor the voting results of the AGM, particularly the resolution for Material Related Party Transactions. Given the company's extreme dependence on the Marshalls group for revenue and services, any change in that relationship or governance concerns regarding arm's length pricing could significantly impact the stock.

Gratex Industries Schedules 42nd AGM for Sept 10, 2026; Book Closure from Sept 4

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Aug 2026, 03:45 PM

Gratex Industries has announced its 42nd Annual General Meeting (AGM) to be held on September 10, 2026, via video conferencing. The company will close its Register of Members and Share Transfer Books from September 4 to September 10, 2026, for this purpose. Shareholders as of the cut-off date, September 3, 2026, are eligible for e-voting. This is a standard procedural filing for the Rs 7 crore market-cap company.

42nd Annual General Meeting scheduled for September 10, 2026, at 1:00 PM
Book closure period set from September 4, 2026, to September 10, 2026
E-voting cut-off date established as September 3, 2026
E-voting window opens September 7, 2026, and closes September 9, 2026

💡 Investors should review the upcoming Annual Report for details on the company's low-margin operations (7.2% OPM) and future growth plans to justify the current P/E of 61.5.

Gratex Industries Schedules 42nd AGM for September 10, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Aug 2026, 03:40 PM

Gratex Industries has announced its 42nd Annual General Meeting (AGM) for the financial year 2025-26, to be held on September 10, 2026, via video conferencing. The company has established a book closure period from September 4 to September 10, 2026, for the purpose of the meeting. Shareholders as of the cut-off date of September 3, 2026, will be eligible for e-voting. This micro-cap company, with a market capitalization of just ₹7 crore, reported a small profit of ₹0.11 crore on revenue of ₹4.27 crore for FY26.

42nd Annual General Meeting scheduled for September 10, 2026, at 1:00 P.M.
E-voting period begins at 9:00 AM on September 7 and ends at 5:00 PM on September 9, 2026.
Cut-off date for determining e-voting eligibility is set for September 3, 2026.
Book closure for the AGM is scheduled from September 4 to September 10, 2026.
Company reported FY26 revenue of ₹4.27 crore with a thin net profit of ₹0.11 crore.

💡 Investors should monitor the release of the full Annual Report for FY26 to understand the company's strategy for scaling its small revenue base and improving its 7.2% operating margins.

121% YoY PAT Growth in Q1 FY27 as Revenue Reaches Rs 1.75 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 03:22 PM

Gratex Industries reported a strong start to FY27 with a 91.8% YoY increase in revenue to Rs 1.75 Cr. Net profit more than doubled YoY to Rs 0.04 Cr, up from Rs 0.02 Cr in the same quarter last year. The company's EPS improved to Rs 0.14 from Rs 0.06 YoY. Despite the growth, the company remains a micro-cap with a total quarterly income representing approximately 44% of its previous TTM revenue.

Revenue from operations grew 91.8% YoY to Rs 1.75 Cr from Rs 0.91 Cr in Jun 2025
Net profit increased 121.7% YoY to Rs 0.04 Cr compared to Rs 0.02 Cr in the previous year
Quarterly EPS rose to Rs 0.14 from Rs 0.06 in the corresponding quarter
Total expenses for the quarter stood at Rs 1.69 Cr, with employee benefits at Rs 0.23 Cr
The 42nd Annual General Meeting (AGM) is scheduled for September 10, 2026

💡 Monitor if this revenue growth is sustainable over the next two quarters, as the company operates on a very small scale where single orders can significantly skew results.

Gratex Industries Q1 Net Profit Rises 121% YoY to ‹0.04 Cr; Revenue Up 37% YoY

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 03:15 PM

Gratex Industries reported a strong year-on-year performance for Q1 FY27, with revenue growing 36.9% to ‹1.25 Cr compared to ‹0.91 Cr in the same quarter last year. Net profit more than doubled to ‹0.04 Cr from ‹0.02 Cr YoY, reflecting improved operational efficiency. Despite the growth, the company remains a micro-cap with a ‹7 Cr market capitalization and a high P/E of 61.5. The board has also scheduled the 42nd Annual General Meeting for September 10, 2026.

Revenue from operations increased 36.9% YoY to ‹1.25 Cr in Q1 FY27
Net profit grew 121.7% YoY to ‹0.04 Cr from ‹0.02 Cr in Q1 FY26
Earnings Per Share (EPS) improved to ‹0.14 from ‹0.06 YoY
Total expenses rose to ‹1.19 Cr, up from ‹0.88 Cr in the previous year's quarter
42nd Annual General Meeting (AGM) scheduled for September 10, 2026, via video conferencing

💡 Investors should monitor the upcoming 42nd Annual Report for details on market expansion plans and the sustainability of these margin improvements given the small revenue base.

Board Meeting on August 7, 2026, to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 28 Jul 2026, 04:35 PM

Gratex Industries has scheduled a board meeting for August 7, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of Rs 8 crore and TTM revenue of Rs 4 crore. In the most recent quarter (March 2026), the company reported a revenue of Rs 1.27 crore and a marginal net profit of Rs 0.04 crore. The trading window for insiders is currently closed and will reopen on August 10, 2026.

Board meeting scheduled for August 7, 2026, at 01:00 PM to approve Q1 results.
Trading window for insiders closed from July 1, 2026, until August 9, 2026.
Company reported a TTM revenue of Rs 4 crore with an operating margin of 7.2%.
Market capitalization stands at a small base of Rs 8 crore as of the announcement date.

💡 Monitor the financial results on August 7 to see if the company can maintain the revenue momentum from the March 2026 quarter (Rs 1.27 crore).

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