Gritee그리티

Gritee is a small Korean apparel company with thin margins, lower profits than 2024, and a share price down about 22% over the past year.

Gritee, a KOSDAQ-listed textiles and apparel company, reported trailing twelve-month revenue of about ₩197B and operating income of about ₩8.5B to H1 2026, a 4.3% operating margin. Profit has fallen from its 2023 and 2024 levels, and the shares trade at a low price-to-book of 0.4 with a market cap of about ₩34B. The company profile and news headlines were not available in the data.

What stands out

• Revenue grew 3.6% in 2025 to about ₩202B, but operating income fell to about ₩7.9B from ₩12.3B in 2024.
• Trailing net income of about ₩5.1B gives a 2.6% net margin and a 6.2% return on equity.
• Borrowings of about ₩42.6B exceed cash of about ₩29.0B, and liabilities are 85.1% of equity.
• Trailing free cash flow of about ₩36B is well above trailing net income, though the data does not explain the gap.
• The share price is ₩1,751, near its 52-week low of ₩1,715 and well below its high of ₩2,405; foreign ownership fell from 2.6% to 2.1% over about 60 days.

What to watch

• The full-year 2026 results and the next quarterly report, given the falling margins.
• Ongoing insider shareholding and 5%+ holding filings, which were frequent in 2026.
• The gap between the fair value model's base case of ₩3,274 and bear case of ₩0, which the data does not explain; the dividend yield of 6.6% is shown in the data but no dividend history is given.