Garnet International Ltd

₹ 57.6 -4.08%
May 17 - close price
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 ₹ 113 Cr.
  • Current Price ₹ 57.6
  • High / Low ₹ 127 / 15.4
  • Stock P/E
  • Book Value ₹ 14.9
  • Dividend Yield 0.00 %
  • ROCE -5.83 %
  • ROE -10.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.86 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.56%
  • The company has delivered a poor sales growth of -13.79% over past five years.
  • Company has a low return on equity of -52.75% for last 3 years.
  • Promoters have pledged 26.70% of their holding.
  • Company has high debtors of 213.70 days.
  • Company's cost of borrowing seems high

* 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: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
14.59 4.78 4.95 4.24 3.56 1.21 4.17 4.66 7.74 8.95 14.45 9.99
26.45 17.31 7.26 5.74 4.79 0.97 4.64 6.70 6.80 10.19 13.95 9.64
Operating Profit -11.86 -12.53 -2.31 -1.50 -1.23 0.24 -0.47 -2.04 0.94 -1.24 0.50 0.35
OPM % -81.29% -262.13% -46.67% -35.38% -34.55% 19.83% -11.27% -43.78% 12.14% -13.85% 3.46% 3.50%
0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.06 0.02 0.04 0.03 0.07 0.06 0.06 0.05 0.06 0.06 0.05 0.05
Depreciation 0.20 0.20 0.20 0.20 0.21 0.21 0.21 0.21 0.20 0.20 0.20 0.20
Profit before tax -12.10 -12.75 -2.55 -1.73 -1.50 -0.03 -0.74 -2.30 0.68 -1.50 0.25 0.10
Tax % 18.18% 0.00% 0.00% -6.94% 32.00% 0.00% -10.81% 3.48% 172.06% 0.67% 4.00% 0.00%
Net Profit -10.03 -12.80 -2.62 -2.01 -1.12 0.11 -1.09 -2.21 -0.68 -1.62 0.01 0.02
EPS in Rs -5.14 -6.52 -1.33 -1.02 -0.57 0.06 -0.56 -1.13 -0.35 -0.83 0.01 0.01
Raw PDF

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 Mar 2021 TTM
18.60 41.08 30.56 9.20 10.80 14.58 37.33 64.09 376.49 83.10 17.53 17.78 41.13
13.83 35.84 28.71 8.20 9.45 12.36 34.52 50.73 365.18 142.12 27.52 19.10 40.58
Operating Profit 4.77 5.24 1.85 1.00 1.35 2.22 2.81 13.36 11.31 -59.02 -9.99 -1.32 0.55
OPM % 25.65% 12.76% 6.05% 10.87% 12.50% 15.23% 7.53% 20.85% 3.00% -71.02% -56.99% -7.42% 1.34%
0.00 0.00 0.00 0.01 0.00 -0.02 -0.01 0.00 0.00 0.00 0.00 0.00 0.00
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 0.22
Depreciation 0.02 0.08 0.45 0.47 0.49 0.44 0.50 0.61 0.82 0.83 0.82 0.82 0.80
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 -2.38 -0.47
Tax % 5.89% 4.01% 31.40% 31.48% 32.56% 10.29% 35.24% 21.47% -18.29% 3.67% 3.19% -49.16%
Net Profit 4.47 4.68 0.59 0.19 0.34 1.12 0.70 9.70 11.43 -57.71 -10.90 -3.73 -2.27
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 -1.90 -1.16
Dividend Payout % 10.58% 10.11% 8.02% 0.00% 0.00% 27.81% 62.30% 7.71% 8.54% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -8%
5 Years: -14%
3 Years: -64%
TTM: 202%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 51%
Stock Price CAGR
10 Years: 10%
5 Years: -23%
3 Years: 8%
1 Year: 88%
Return on Equity
10 Years: -11%
5 Years: -20%
3 Years: -53%
Last Year: -11%

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 Mar 2021 Sep 2021
4.73 4.73 4.73 6.23 6.23 6.23 6.23 6.23 19.53 19.53 19.64 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 11.22 9.62
Borrowings 0.00 7.02 2.10 1.38 0.99 0.90 1.17 0.96 47.49 2.47 2.29 5.65 0.51
1.70 3.11 7.60 4.40 5.16 6.25 14.43 9.19 10.36 11.57 10.84 12.67 20.99
Total Liabilities 18.72 31.78 31.88 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.71 49.18 50.76
0.34 5.80 5.69 5.12 4.78 5.14 6.90 10.51 12.26 12.16 11.59 10.78 10.42
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.85 2.19 2.25
Investments 4.26 7.24 12.99 12.56 33.18 24.46 26.29 41.77 35.28 20.18 7.78 6.33 6.33
14.12 18.74 13.20 30.71 11.14 21.20 26.24 10.51 97.70 24.27 27.49 29.88 31.76
Total Assets 18.72 31.78 31.88 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.71 49.18 50.76

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 Mar 2021
-8.97 -5.95 2.21 -20.65 22.26 1.07 3.85 13.38 -82.89 16.98 -11.22 -3.72
11.17 -5.34 1.99 1.10 -20.71 1.20 -3.12 -11.59 12.32 27.37 11.10 0.21
0.08 11.18 -6.19 19.67 -1.69 -0.15 -0.34 -0.80 68.75 -46.22 0.36 3.14
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 -0.38

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 Mar 2021
Debtor Days 0.00 5.33 12.90 64.27 85.84 83.11 30.80 20.62 4.44 48.45 161.16 213.70
Inventory Days 161.67 76.78 48.58 188.08 164.62 126.89 178.73 10.31 90.30 15.12 289.69 343.02
Days Payable 0.59 1.78 15.26 68.39 95.13 102.89 118.33 29.94 4.98 23.59 306.32 383.78
Cash Conversion Cycle 161.08 80.32 46.21 183.96 155.33 107.12 91.20 0.98 89.76 39.98 144.53 172.94
Working Capital Days 197.81 122.70 69.75 261.05 232.18 348.73 96.11 1.48 80.29 34.57 157.41 210.42
ROCE % 2.14% 5.29% 1.58% 1.96% 4.02% 5.16% 25.86% 11.13% -66.53% -26.39% -5.83%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
56.21 56.21 56.21 56.21 56.21 56.21 56.21 56.09 56.09 56.12 55.08 54.52
0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
43.79 43.79 43.79 43.79 43.79 43.79 43.79 43.91 43.91 43.88 44.92 45.48

Documents

Announcements

Annual reports