Garnet International Ltd
Incorporated in 1981, Garnet International Ltd is engaged in the business of financial services, trading of shares and textiles.
- Market Cap ₹ 114 Cr.
- Current Price ₹ 57.9
- 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
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 3.86 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 6% |
5 Years: | 2% |
3 Years: | 38% |
1 Year: | 10% |
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% |
Documents
Announcements
- Intimation Of Calendar Of Events For Postal Ballot 1d
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Announcement under Regulation 30 (LODR)-Change in Directorate
1d - Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015.
- Compliance Certificate Under Reg. 7 (3) Of SEBI LODR Regulation 2015 For Year Ended March 31, 2024 15 Apr
- Clarification And Updated Disclosure W.R.T Proceedings Of 41St AGM Of The Company. 15 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
Annual reports
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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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Financial Year 2009
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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.