Garnet International Ltd

₹ 76.4 -4.98%
27 Jan - close price
About

Incorporated in 1981, Garnet International Ltd is engaged in the business of financial services, trading of shares and textiles.

Key Points

Business Overview:[1]
Company is an investment company registered as a Non-Banking Financial Corporation under the Reserve Bank Of India. Company's textile business consists of sales of garments and dyeing through its subsidiary Sukartik Clothing Private Limited.

  • Market Cap 150 Cr.
  • Current Price 76.4
  • High / Low 118 / 31.6
  • Stock P/E 129
  • Book Value 13.4
  • Dividend Yield 0.00 %
  • ROCE -9.71 %
  • ROE -10.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 384 to 80.4 days.
  • Company's working capital requirements have reduced from 488 days to 98.0 days

Cons

  • Stock is trading at 5.72 times its book value
  • Promoter holding has decreased over last quarter: -1.03%
  • The company has delivered a poor sales growth of -26.8% over past five years.
  • Company has a low return on equity of -20.2% over last 3 years.
  • Promoters have pledged 27.4% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
0.04 0.35 0.24 0.64 0.01 0.30 0.33 1.83 5.63 2.40 0.54 6.04 8.18
2.81 2.71 1.94 0.22 1.68 2.08 0.15 3.73 6.17 2.56 0.77 5.10 7.57
Operating Profit -2.77 -2.36 -1.70 0.42 -1.67 -1.78 0.18 -1.90 -0.54 -0.16 -0.23 0.94 0.61
OPM % -6,925.00% -674.29% -708.33% 65.62% -16,700.00% -593.33% 54.55% -103.83% -9.59% -6.67% -42.59% 15.56% 7.46%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -2.77 -2.36 -1.71 0.42 -1.67 -1.78 0.17 -1.90 -0.54 -0.16 -0.23 0.94 0.61
Tax % 0.00% 0.00% 36.84% 0.00% 0.00% 0.00% 747.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -2.77 -2.36 -1.08 0.42 -1.67 -1.79 -1.11 -1.91 -0.54 -0.16 -0.23 0.94 0.61
EPS in Rs -1.41 -1.20 -0.55 0.21 -0.85 -0.91 -0.57 -0.97 -0.28 -0.08 -0.12 0.48 0.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
40.91 25.77 2.56 0.66 2.15 22.88 49.47 365.28 68.85 2.34 1.29 10.39 17.16
35.69 24.53 2.41 0.55 1.43 22.13 38.31 354.53 128.65 14.50 4.14 13.21 16.00
Operating Profit 5.22 1.24 0.15 0.11 0.72 0.75 11.16 10.75 -59.80 -12.16 -2.85 -2.82 1.16
OPM % 12.76% 4.81% 5.86% 16.67% 33.49% 3.28% 22.56% 2.94% -86.86% -519.66% -220.93% -27.14% 6.76%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.17 0.54 0.00 0.00 0.00 0.18 0.04 0.89 0.02 0.02 0.01 0.00 0.00
Depreciation 0.05 0.06 0.06 0.06 0.09 0.07 0.07 0.07 0.03 0.01 0.01 0.00 0.00
Profit before tax 5.00 0.64 0.09 0.05 0.63 0.50 11.05 9.79 -59.85 -12.19 -2.87 -2.82 1.16
Tax % 6.00% 3.12% 22.22% 60.00% -14.29% 44.00% 20.09% -19.00% 3.71% 5.17% -44.25% 0.00%
Net Profit 4.70 0.63 0.07 0.03 0.72 0.28 8.83 11.66 -57.63 -11.56 -4.15 -2.83 1.16
EPS in Rs 3.31 0.44 0.04 0.02 0.39 0.15 4.72 5.97 -29.51 -5.89 -2.11 -1.44 0.59
Dividend Payout % 10.06% 7.51% 0.00% 0.00% 43.26% 155.75% 8.47% 8.37% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -9%
5 Years: -27%
3 Years: -47%
TTM: 112%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 122%
Stock Price CAGR
10 Years: 12%
5 Years: -34%
3 Years: 22%
1 Year: -32%
Return on Equity
10 Years: -13%
5 Years: -29%
3 Years: -20%
Last Year: -11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
4.73 4.73 6.23 6.23 6.23 6.23 6.23 19.53 19.53 19.64 19.64 19.64 19.64
Reserves 16.44 17.01 35.81 35.84 36.14 35.90 43.83 65.52 20.77 12.01 7.88 5.06 6.61
0.00 2.05 1.35 0.97 0.84 0.87 0.73 47.30 2.39 0.42 1.80 4.08 3.94
7.64 4.52 0.75 0.64 0.42 7.52 1.59 2.32 3.02 0.27 0.17 0.14 0.13
Total Liabilities 28.81 28.31 44.14 43.68 43.63 50.52 52.38 134.67 45.71 32.34 29.49 28.92 30.32
0.83 0.78 0.42 0.36 0.23 0.16 0.09 0.05 0.04 0.03 0.02 0.01 0.01
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 9.31 15.09 14.69 36.52 27.82 29.77 47.19 40.71 25.60 13.20 11.75 11.75 11.75
18.67 12.44 29.03 6.80 15.58 20.59 5.10 93.91 20.07 19.11 17.72 17.16 18.56
Total Assets 28.81 28.31 44.14 43.68 43.63 50.52 52.38 134.67 45.71 32.34 29.49 28.92 30.32

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-5.33 2.03 -21.06 22.17 -0.68 1.59 11.58 -82.00 14.36 -12.03 -3.27 -2.72
-1.37 2.33 1.28 -21.81 1.99 -0.94 -8.76 11.43 30.31 12.05 1.52 0.50
6.36 -5.96 19.48 -0.38 -0.13 -0.50 -0.70 68.83 -46.10 0.20 1.37 2.28
Net Cash Flow -0.34 -1.60 -0.30 -0.02 1.17 0.14 2.12 -1.74 -1.42 0.21 -0.38 0.06

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 3.84 0.42 12.83 38.71 0.00 0.00 0.00 0.00 27.89 360.32 710.19 80.45
Inventory Days 72.92 44.01 295.32 1,910.88 760.70 227.08 3.70 89.85 8.30 69.86 504.92 14.85
Days Payable 0.32 7.86 6.64 42.94 10.23 116.95 0.39 0.13 8.69 24.24 36.50 2.07
Cash Conversion Cycle 76.44 36.58 301.51 1,906.65 750.47 110.13 3.31 89.72 27.49 405.95 1,178.61 93.22
Working Capital Days 130.17 84.84 941.02 2,654.55 2,103.42 144.21 -1.55 80.72 27.51 418.03 947.87 98.01
ROCE % 2.62% 5.25% 0.27% 0.12% 1.46% 1.58% 23.65% 11.66% -68.36% -32.56% -9.32% -9.71%

Shareholding Pattern

Numbers in percentages

12 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
56.21 56.21 56.21 56.21 56.09 56.09 56.12 55.08 54.83 54.90 52.56 51.53
43.79 43.79 43.79 43.79 43.91 43.91 43.88 44.92 45.17 45.10 47.45 48.48

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