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Gratex Industries Limited
Sector:Others Others - Miscella - Others
BSE:526751NSE:NABloomberg:GRTX@INReuters:GRAT.BO
Market Lot: 1Face Value: 10ISIN Demat: INE915E01013
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05-Aug-2008
Business Profile
Gratex Industries (GRATEXI) is engaged in the manufacture of wallpapers, it trades and deals in imported wall paper. It was incorporated on Feb. 23, 1984 as a private limited company and on Nov. 05, 1992 was converted into a public limited company. Earlier known as Gratex Decorative Industries, it got its present name on Mar. 09, 1993.

The company is a leading wallpaper manufacturing company in India and commands a market share of 60% in its segment. Located at Navi Mumbai in Maharashtra, the manufacturing facility has an installed capacity of 210,000 rolls decorative paper.

In FY07, the company consolidated on setting up infrastructure for efficient warehousing of imported stocks and network marketing across India. It is focused on strengthening infrastructure by starting and conducting wallpaper installation training courses. It has worked on anti-fungal testing of adhesives, both with imported and local ingredients.

The registered office is located at 109, Kakad Udyog Bhavan, L.J. Road, Mahim,
Mumbai-400016.


Financials
Gratex Industries registered a steep drop of 77.97% in net profit of Rs 0.13 million for the quarter ended June 2008 from a profit of Rs 0.59 million for the quarter ended June 2007.
Net sales rose 66% to Rs 10.01 million for the quarter ended June 2008 from Rs 6.03 million for the quarter ended June 2007.
Total income rose 65.73% to Rs 10.01 million for the quarter ended June 2008 from Rs 6.04 million for the quarter ended June 2007.

In Brief

 
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