Gretex Corporate Services Ltd Dividend 2024, Record Date, Share Price, History

News: In the bustling world of finance, Gretex Corporate Services Ltd has been making waves. Whether you’re a seasoned investor or just dipping your toes into the stock market, understanding the company’s dividend history, share price trends, and upcoming events is crucial. Let’s break it down in simple terms.

Dividend Announcement

On February 9, 2024, Gretex Corporate Services Ltd made an exciting announcement: they will be distributing a dividend of ₹0.3 per share. This means that if you own shares in the company, you’ll receive a little bonus for being part of the Gretex family. But wait, there’s more! To qualify for this dividend, you need to mark your calendar for the record date: February 23, 2024. On that day, the company will check its records to see who’s eligible for the payout.

Share Price Insights

Let’s peek at the numbers. As of February 20, 2024, Gretex Corporate Services Ltd’s share price stands at ₹377.05. Now, what does that mean? Well, it’s like the price tag on a fancy pair of shoes. If you’re thinking of buying or selling Gretex shares, this number matters.

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Financial Performance

1. Return on Equity (ROE): Gretex has been outperforming its own average. In the year ending March 31, 2023, the company achieved an impressive ROE of 56.52%, beating its 5-year average of 34.04%.

2. Revenue Growth: Gretex’s annual revenue growth has been on fire! With a growth rate of 221.44%, it’s leaving its 3-year average of 117.24% in the dust.

Other Tidbits

1. Expenses: Gretex allocates 1.66% of its operating revenues to interest expenses and 11.89% to employee costs.

2. Market Capitalization: The company’s market cap is around ₹434.19 crore.

3. Face Value: Each share has a face value of ₹10.00.

About Gretex Corporate Services Ltd :

In the dynamic world of finance, Gretex Corporate Services Ltd has carved a niche for itself. Whether you’re a seasoned investor or a curious newcomer, understanding this company’s journey is essential. Let’s dive into the details.

Who Is Gretex Corporate Services Ltd?

1. Establishment: Founded in 2008, Gretex Corporate Services Ltd is a financial and consultancy service provider in India.

2. SEBI Registration: It holds the prestigious title of being a SEBI-registered Category-I Merchant Banker.

3. Core Activities:

• Fundraising Management: Gretex assists companies in raising capital through various means.
• Investment Advisory: Providing expert advice on investment decisions.
• Underwriting of Issues: Ensuring smooth issuance of securities.
• Corporate Advisory Services: Guiding businesses on strategic matters.

Recent Highlights

1. Rights Issue: In 2023, Gretex Corporate Services Ltd announced a rights issue, further strengthening its financial position.

2. IPO Journey: The company has been actively involved in Initial Public Offerings (IPOs), offering its expertise in fund raising, valuation, and corporate advisory services.

Performance Metrics

1. Market Segment: Gretex primarily operates in the small and medium enterprises (SME) segment of the primary market.

2. Wealth Creation: Its track record includes being a Top Volume Performer for SME IPOs in India by BSE Limited.

3. Financial Services: Gretex’s offerings span IPOs, valuations, and corporate advisory services.

Client Testimonials

• Manish Gupta, MD of B&B Triplewall Ltd, praises Gretex’s professionalism and dedication during their IPO process.
• Dinesh Sharma, MD of GM Ployplast Limited, credits Gretex for simplifying their listing journey.
• Aparesh Nandi, MD of BCPL Railway Infrastructure Ltd, echoes the sentiment of top-notch service.
• Subrata Dey, MD of Billwin Industries Limited, appreciates Gretex’s industry knowledge and ethics.
• Akash Sharma, MD of Anuroop Packaging Limited, acknowledges their commitment to excellence.

So, there you have it! Gretex Corporate Services Ltd is serving up dividends, rocking the stock market, and keeping investors intrigued. 

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