Garnet International Ltd

Garnet Intl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Garnet International Ltd

₹ 59.0 -3.80%
19 Apr 3:25 p.m.
garnetint.com BSE: 512493
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.

Website BSE
  • Market Cap ₹ 116 Cr.
  • Current Price ₹ 59.0
  • High / Low ₹ 76.0 / 39.0
  • Stock P/E
  • Book Value ₹ 15.0
  • Dividend Yield 0.00 %
  • ROCE 9.84 %
  • ROE 9.29 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 133 to 72.9 days.
  • Company's working capital requirements have reduced from 147 days to 107 days

Cons

  • Stock is trading at 3.88 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.10% over last 3 years.
  • Promoters have pledged 25.8% of their holding.
  • Promoter holding has decreased over last 3 years: -7.81%

* 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4.66 7.74 8.95 14.45 10.06 10.35 15.75 18.95 14.43 10.20 8.72 12.63 12.26
6.70 6.80 10.19 13.95 9.71 9.79 13.78 17.93 13.60 8.07 7.83 14.22 9.50
Operating Profit -2.04 0.94 -1.24 0.50 0.35 0.56 1.97 1.02 0.83 2.13 0.89 -1.59 2.76
OPM % -43.78% 12.14% -13.85% 3.46% 3.48% 5.41% 12.51% 5.38% 5.75% 20.88% 10.21% -12.59% 22.51%
0.00 0.00 0.00 0.00 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.05 0.06 0.06 0.05 0.05 0.17 0.10 0.13 0.11 0.85 0.24 1.32 0.76
Depreciation 0.21 0.20 0.20 0.20 0.20 0.20 0.25 0.22 0.25 0.22 0.22 0.24 0.25
Profit before tax -2.30 0.68 -1.50 0.25 0.10 0.29 1.62 0.67 0.47 1.06 0.43 -3.15 1.75
Tax % 3.48% 172.06% 0.67% 4.00% 0.00% 134.48% 0.00% 0.00% 0.00% 52.83% 0.00% 0.00% 0.00%
-2.21 -0.50 -1.50 0.24 0.10 -0.10 1.63 0.67 0.47 0.51 0.43 -3.15 1.75
EPS in Rs -1.13 -0.35 -0.83 0.01 0.01 -0.07 0.72 0.33 0.20 0.19 0.08 -1.41 0.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
30.56 9.20 10.80 14.58 37.33 64.09 376.49 83.10 17.53 17.78 43.84 59.33 43.81
28.71 8.20 9.45 12.36 34.52 50.73 365.18 142.12 27.52 19.10 43.56 53.39 39.62
Operating Profit 1.85 1.00 1.35 2.22 2.81 13.36 11.31 -59.02 -9.99 -1.32 0.28 5.94 4.19
OPM % 6.05% 10.87% 12.50% 15.23% 7.53% 20.85% 3.00% -71.02% -56.99% -7.42% 0.64% 10.01% 9.56%
0.00 0.01 0.00 -0.02 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.54 0.00 0.00 0.01 0.20 0.08 0.92 0.09 0.16 0.24 0.33 1.18 3.17
Depreciation 0.45 0.47 0.49 0.44 0.50 0.61 0.82 0.83 0.82 0.82 0.81 0.94 0.93
Profit before tax 0.86 0.54 0.86 1.75 2.10 12.67 9.57 -59.94 -10.97 -2.38 -0.86 3.82 0.09
Tax % 31.40% 31.48% 32.56% 10.29% 35.24% 21.47% -18.29% 3.67% 3.19% -49.16% -45.35% 14.66%
0.57 0.34 0.56 1.54 1.24 9.96 11.33 -57.74 -10.62 -3.55 -1.25 3.26 -0.46
EPS in Rs 0.42 0.10 0.18 0.60 0.37 5.19 5.85 -29.55 -5.55 -1.90 -0.88 1.45 -0.19
Dividend Payout % 8.02% 0.00% 0.00% 27.81% 62.30% 7.71% 8.54% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 20%
5 Years: -31%
3 Years: 50%
TTM: -26%
Compounded Profit Growth
10 Years: 31%
5 Years: -24%
3 Years: 31%
TTM: -120%
Stock Price CAGR
10 Years: 7%
5 Years: 2%
3 Years: 40%
1 Year: 19%
Return on Equity
10 Years: -11%
5 Years: -36%
3 Years: -2%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.73 6.23 6.23 6.23 6.23 6.23 19.53 19.53 19.64 19.64 19.64 19.64 19.64
Reserves 17.45 36.38 36.72 37.42 37.60 46.41 67.86 23.04 14.94 11.22 9.51 12.36 9.77
2.10 1.38 0.99 0.90 1.17 0.96 47.49 2.47 2.29 5.65 11.07 21.60 29.26
7.60 4.40 5.16 6.25 14.43 9.19 10.36 11.57 10.84 12.64 12.76 11.19 10.90
Total Liabilities 31.88 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.71 49.15 52.98 64.79 69.57
5.69 5.12 4.78 5.14 6.90 10.51 12.26 12.16 11.59 10.78 10.15 11.88 15.60
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.85 2.19 2.35 8.74 9.46
Investments 12.99 12.56 33.18 24.46 26.29 41.77 35.28 20.18 7.78 6.33 6.33 6.50 6.50
13.20 30.71 11.14 21.20 26.24 10.51 97.70 24.27 27.49 29.85 34.15 37.67 38.01
Total Assets 31.88 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.71 49.15 52.98 64.79 69.57

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.21 -20.65 22.26 1.07 3.85 13.38 -82.89 16.98 -11.22 -3.72 -3.65 -0.62
1.99 1.10 -20.71 1.20 -3.12 -11.59 12.32 27.37 11.10 0.21 0.17 -8.48
-6.19 19.67 -1.69 -0.15 -0.34 -0.80 68.75 -46.22 0.36 3.14 3.51 9.36
Net Cash Flow -1.99 0.12 -0.14 2.12 0.39 0.99 -1.81 -1.87 0.24 -0.38 0.04 0.26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 12.90 64.27 85.84 83.11 30.80 20.62 4.44 48.45 161.16 213.70 111.40 72.90
Inventory Days 48.58 188.08 164.62 126.89 178.73 10.31 90.30 15.12 289.69 343.02 125.15 103.16
Days Payable 15.26 68.39 95.13 102.89 118.33 29.94 4.98 23.59 306.32 383.78 107.58 62.86
Cash Conversion Cycle 46.21 183.96 155.33 107.12 91.20 0.98 89.76 39.98 144.53 172.94 128.97 113.20
Working Capital Days 69.63 260.66 232.18 348.48 95.53 1.20 80.24 34.61 157.41 210.42 122.47 107.48
ROCE % 4.88% 1.48% 1.85% 3.79% 4.81% 24.28% 10.80% -64.54% -24.65% -5.37% -1.27% 9.84%

Shareholding Pattern

Numbers in percentages

44 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.09% 56.12% 55.08% 54.83% 54.90% 52.56% 51.53% 47.42% 47.87% 48.36% 48.40% 49.45%
43.91% 43.88% 44.92% 45.17% 45.10% 47.45% 48.48% 52.57% 52.13% 51.63% 51.59% 50.54%
No. of Shareholders 1,8771,9322,3672,1752,2322,4562,4592,3592,4272,5302,6282,747

Documents

Announcements

Annual reports