Garnet International Ltd

About [ edit ]

Garnet International is engaged in the business of Trading in Shares.

  • Market Cap 44.7 Cr.
  • Current Price 22.8
  • High / Low 44.6 / 21.0
  • Stock P/E
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE -26.9 %
  • ROE -28.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.75% over past five years.
  • Company has a low return on equity of -32.94% for last 3 years.
  • Promoters have pledged 26.33% of their holding.
  • Company has high debtors of 161.16 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
134.98 51.13 11.21 6.15 14.59 4.78 4.95 4.24 3.56 1.21 4.17 4.66
137.60 73.81 30.21 11.65 26.45 17.31 7.26 5.74 4.79 0.97 4.64 6.70
Operating Profit -2.62 -22.68 -19.00 -5.50 -11.86 -12.53 -2.31 -1.50 -1.23 0.24 -0.47 -2.04
OPM % -1.94% -44.36% -169.49% -89.43% -81.29% -262.13% -46.67% -35.38% -34.55% 19.83% -11.27% -43.78%
Other Income 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.00
Interest 0.91 0.03 -0.03 0.03 0.06 0.02 0.04 0.03 0.07 0.06 0.06 0.05
Depreciation 0.23 0.21 0.21 0.21 0.20 0.20 0.20 0.20 0.21 0.21 0.21 0.21
Profit before tax -3.76 -22.92 -19.18 -5.74 -12.10 -12.75 -2.55 -1.73 -1.50 -0.03 -0.74 -2.30
Tax % 32.98% 0.00% 0.00% 0.00% 18.18% 0.00% 0.00% -6.94% 31.33% 0.00% -10.81% 3.48%
Net Profit -2.43 -22.94 -19.15 -5.59 -10.03 -12.80 -2.62 -2.01 -1.04 0.11 -1.09 -2.21
EPS in Rs -1.24 -11.75 -9.81 -2.86 -5.14 -6.52 -1.33 -1.02 -0.53 0.06 -0.56 -1.13

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
18.60 41.08 30.56 9.20 10.80 14.58 37.33 64.09 376.49 83.10 17.53 13.60
13.83 35.84 28.71 8.20 9.45 12.36 34.52 50.73 365.18 142.12 27.52 17.10
Operating Profit 4.77 5.24 1.85 1.00 1.35 2.22 2.81 13.36 11.31 -59.02 -9.99 -3.50
OPM % 25.65% 12.76% 6.05% 10.87% 12.50% 15.23% 7.53% 20.85% 3.00% -71.02% -56.99% -25.74%
Other Income 0.00 0.00 0.00 0.01 0.00 -0.02 -0.01 0.00 0.00 0.00 0.00 0.01
Interest 0.00 0.17 0.54 0.00 0.00 0.01 0.20 0.08 0.92 0.09 0.16 0.24
Depreciation 0.02 0.08 0.45 0.47 0.49 0.44 0.50 0.61 0.82 0.83 0.82 0.84
Profit before tax 4.75 4.99 0.86 0.54 0.86 1.75 2.10 12.67 9.57 -59.94 -10.97 -4.57
Tax % 5.89% 4.01% 31.40% 31.48% 32.56% 10.29% 35.24% 21.47% -18.29% 3.67% 3.19%
Net Profit 4.47 4.68 0.59 0.19 0.34 1.12 0.70 9.70 11.43 -57.71 -10.90 -4.23
EPS in Rs 3.15 3.30 0.42 0.10 0.18 0.60 0.37 5.19 5.85 -29.55 -5.55 -2.16
Dividend Payout % 10.58% 10.11% 8.02% 0.00% 0.00% 27.81% 62.30% 7.71% 8.54% 0.00% 0.00%
Compounded Sales Growth
10 Years:-1%
5 Years:4%
3 Years:-35%
TTM:-52%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:85%
Stock Price CAGR
10 Years:-10%
5 Years:-19%
3 Years:-53%
1 Year:-24%
Return on Equity
10 Years:-10%
5 Years:-18%
3 Years:-33%
Last Year:-28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4.73 4.73 4.73 6.23 6.23 6.23 6.23 6.23 19.53 19.53 19.64 19.64
Reserves 12.29 16.92 17.45 36.38 36.72 37.42 37.60 46.41 67.86 23.04 14.94 13.96
Borrowings 0.00 7.02 2.10 1.38 0.99 0.90 1.17 0.96 47.49 2.47 0.82 1.62
1.70 3.11 7.60 4.40 5.16 6.25 14.43 9.19 10.36 11.57 12.44 12.36
Total Liabilities 18.72 31.78 31.88 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.84 47.58
0.34 5.80 5.69 5.12 4.78 5.14 6.90 10.51 12.26 12.16 12.44 12.81
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
Investments 4.26 7.24 12.99 12.56 33.18 24.46 26.29 41.77 35.28 20.18 7.78 6.44
14.12 18.74 13.20 30.71 11.14 21.20 26.24 10.51 97.70 24.27 27.62 28.33
Total Assets 18.72 31.78 31.88 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.84 47.58

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-8.97 -5.95 2.21 -20.65 22.26 1.07 3.85 13.38 -82.89 16.98 -10.67
11.17 -5.34 1.99 1.10 -20.71 1.20 -3.12 -11.59 12.32 27.37 10.55
0.08 11.18 -6.19 19.67 -1.69 -0.15 -0.34 -0.80 68.75 -46.22 0.36
Net Cash Flow 2.28 -0.11 -1.99 0.12 -0.14 2.12 0.39 0.99 -1.81 -1.87 0.24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 2.14% 5.29% 1.58% 1.96% 4.02% 5.16% 25.86% 11.13% -66.53% -26.88%
Debtor Days 0.00 5.33 12.90 64.27 85.84 83.11 30.80 20.62 4.44 48.45 161.16
Inventory Turnover 5.43 4.77 1.90 2.51 3.36 3.58 6.05 7.99 2.31 1.81

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
56.28 56.39 56.51 56.51 56.21 56.21 56.21 56.21 56.21 56.21 56.21 56.09
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
43.72 43.61 43.49 43.49 43.79 43.79 43.79 43.79 43.79 43.79 43.79 43.91

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