Garnet International Ltd
₹ 114
-1.47%
11 Jun
- close price
About
Incorporated in 1981, Garnet International Ltd is engaged in the business of financial services, trading of shares and textiles.
Key Points
- Market Cap ₹ 224 Cr.
- Current Price ₹ 114
- High / Low ₹ 181 / 46.0
- Stock P/E 148
- Book Value ₹ 19.2
- Dividend Yield 0.00 %
- ROCE 4.27 %
- ROE 4.67 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 5.95 times its book value
- The company has delivered a poor sales growth of -13.0% over past five years.
- Company has a low return on equity of 4.09% over last 3 years.
- Earnings include an other income of Rs.1.36 Cr.
- Company has high debtors of 179 days.
- Promoter holding has decreased over last 3 years: -4.98%
* 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.
Peer comparison
Financial Services Financial Services Finance Investment Company
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10.80 | 14.58 | 37.33 | 64.09 | 376.49 | 83.10 | 17.53 | 17.78 | 43.84 | 59.33 | 20.31 | 8.73 | |
| 9.45 | 12.36 | 34.52 | 50.73 | 365.18 | 142.12 | 27.52 | 19.10 | 43.56 | 53.39 | 21.67 | 8.53 | |
| Operating Profit | 1.35 | 2.22 | 2.81 | 13.36 | 11.31 | -59.02 | -9.99 | -1.32 | 0.28 | 5.94 | -1.36 | 0.20 |
| OPM % | 12.50% | 15.23% | 7.53% | 20.85% | 3.00% | -71.02% | -56.99% | -7.42% | 0.64% | 10.01% | -6.70% | 2.29% |
| 0.00 | -0.02 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.59 | 1.36 | |
| Interest | 0.00 | 0.01 | 0.20 | 0.08 | 0.92 | 0.09 | 0.16 | 0.24 | 0.33 | 1.18 | 0.01 | 0.01 |
| Depreciation | 0.49 | 0.44 | 0.50 | 0.61 | 0.82 | 0.83 | 0.82 | 0.82 | 0.81 | 0.94 | 0.00 | 0.00 |
| Profit before tax | 0.86 | 1.75 | 2.10 | 12.67 | 9.57 | -59.94 | -10.97 | -2.38 | -0.86 | 3.82 | -5.96 | 1.55 |
| Tax % | 32.56% | 10.29% | 35.24% | 21.47% | -18.29% | -3.67% | -3.19% | 49.16% | 45.35% | 14.66% | 0.50% | 1.29% |
| 0.56 | 1.54 | 1.24 | 9.96 | 11.33 | -57.74 | -10.62 | -3.55 | -1.25 | 3.26 | -5.98 | 1.53 | |
| EPS in Rs | 0.18 | 0.60 | 0.37 | 5.19 | 5.85 | -29.55 | -5.55 | -1.90 | -0.88 | 1.45 | -3.05 | 0.77 |
| Dividend Payout % | 0.00% | 27.81% | 62.30% | 7.71% | 8.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -13% |
| 3 Years: | -42% |
| TTM: | -57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 16% |
| 3 Years: | 48% |
| TTM: | 371% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 32% |
| 3 Years: | 32% |
| 1 Year: | 142% |
| Return on Equity | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | -1% |
| 3 Years: | 4% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.23 | 6.23 | 6.23 | 6.23 | 19.53 | 19.53 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 |
| Reserves | 36.72 | 37.42 | 37.60 | 46.41 | 68.59 | 23.77 | 14.94 | 11.22 | 9.51 | 12.36 | 7.73 | 18.09 |
| 0.99 | 0.90 | 1.17 | 0.96 | 47.49 | 2.47 | 2.29 | 5.65 | 11.07 | 21.60 | 4.93 | 3.01 | |
| 5.16 | 6.25 | 14.43 | 9.19 | 9.63 | 10.84 | 10.84 | 12.64 | 12.76 | 11.19 | 1.67 | 1.86 | |
| Total Liabilities | 49.10 | 50.80 | 59.43 | 62.79 | 145.24 | 56.61 | 47.71 | 49.15 | 52.98 | 64.79 | 33.97 | 42.60 |
| 4.78 | 5.14 | 6.90 | 10.51 | 12.26 | 12.16 | 11.59 | 10.78 | 10.15 | 11.88 | 0.01 | 0.01 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.85 | 2.19 | 2.35 | 8.74 | 0.80 | 1.27 |
| Investments | 33.18 | 24.46 | 26.29 | 41.77 | 35.28 | 20.18 | 7.78 | 6.33 | 6.33 | 6.50 | 13.89 | 15.82 |
| 11.14 | 21.20 | 26.24 | 10.51 | 97.70 | 24.27 | 27.49 | 29.85 | 34.15 | 37.67 | 19.27 | 25.50 | |
| Total Assets | 49.10 | 50.80 | 59.43 | 62.79 | 145.24 | 56.61 | 47.71 | 49.15 | 52.98 | 64.79 | 33.97 | 42.60 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22.26 | 1.07 | 3.85 | 13.38 | -82.89 | 16.98 | -11.22 | -3.72 | -3.65 | -0.62 | 6.69 | -2.83 | |
| -20.71 | 1.20 | -3.12 | -11.59 | 12.32 | 27.37 | 11.10 | 0.21 | 0.17 | -8.48 | 10.06 | -4.23 | |
| -1.69 | -0.15 | -0.34 | -0.80 | 68.75 | -46.22 | 0.36 | 3.14 | 3.51 | 9.36 | -16.67 | 6.92 | |
| Net Cash Flow | -0.14 | 2.12 | 0.39 | 0.99 | -1.81 | -1.87 | 0.24 | -0.38 | 0.04 | 0.26 | 0.07 | -0.13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85.84 | 83.11 | 30.80 | 20.62 | 4.44 | 48.45 | 161.16 | 213.70 | 111.40 | 72.90 | 71.71 | 178.95 |
| Inventory Days | 164.62 | 126.89 | 178.73 | 10.31 | 90.30 | 15.12 | 289.69 | 343.02 | 125.15 | 103.16 | 29.90 | 71.89 |
| Days Payable | 95.13 | 102.89 | 118.33 | 29.94 | 4.98 | 23.59 | 306.32 | 383.78 | 107.58 | 62.86 | 34.45 | 65.67 |
| Cash Conversion Cycle | 155.33 | 107.12 | 91.20 | 0.98 | 89.76 | 39.98 | 144.53 | 172.94 | 128.97 | 113.20 | 67.16 | 185.17 |
| Working Capital Days | 232.18 | 348.48 | 95.53 | 1.20 | 80.24 | 34.61 | 157.41 | 210.42 | 122.47 | 107.85 | 85.18 | 153.02 |
| ROCE % | 1.85% | 3.79% | 4.81% | 24.28% | 10.76% | -64.03% | -24.44% | -5.37% | -1.27% | 9.84% | -1.13% | 4.27% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
2d - Garnet reports insider trading violation by promoter's relative; show cause notice issued, proceedings underway.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 May
-
Statement Of Deviation & Variation For Qtr. Ended March 2025
30 May - No deviation in utilization of INR 35.37 Cr raised via preferential convertible warrants.
-
Appointment Of Secretarial Auditor
30 May - Appointment of Siddharth Sharma & Associates as secretarial auditors for five years from FY 2025-26.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for FY ended March 31, 2025 confirming regulatory adherence.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.