Garnet International Ltd

Garnet International Ltd

₹ 129 1.14%
06 Nov 4:01 p.m.
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.

  • Market Cap 253 Cr.
  • Current Price 129
  • High / Low 138 / 44.1
  • Stock P/E
  • Book Value 12.8
  • Dividend Yield 0.00 %
  • ROCE -4.54 %
  • ROE -5.45 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 10.0 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.35%
  • Company has a low return on equity of -3.07% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
1.83 5.63 2.40 0.54 6.04 8.18 6.47 0.93 0.09 0.33 0.24 19.01 1.43
3.73 6.17 2.56 0.77 5.10 7.57 6.25 0.85 0.58 2.17 -0.55 18.87 1.38
Operating Profit -1.90 -0.54 -0.16 -0.23 0.94 0.61 0.22 0.08 -0.49 -1.84 0.79 0.14 0.05
OPM % -103.83% -9.59% -6.67% -42.59% 15.56% 7.46% 3.40% 8.60% -544.44% -557.58% 329.17% 0.74% 3.50%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -1.90 -0.54 -0.16 -0.23 0.94 0.61 0.22 0.08 -0.49 -1.84 0.79 0.14 0.05
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.14% 0.00%
-1.91 -0.54 -0.16 -0.23 0.94 0.61 0.22 0.08 -0.49 -1.84 0.79 0.13 0.05
EPS in Rs -0.97 -0.28 -0.08 -0.12 0.48 0.31 0.11 0.04 -0.25 -0.94 0.40 0.07 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2.56 0.66 2.15 22.88 49.47 365.28 68.85 2.34 1.29 10.39 21.62 19.65 21.01
2.41 0.55 1.43 22.13 38.31 354.53 128.65 14.50 4.14 13.21 19.76 21.08 21.87
Operating Profit 0.15 0.11 0.72 0.75 11.16 10.75 -59.80 -12.16 -2.85 -2.82 1.86 -1.43 -0.86
OPM % 5.86% 16.67% 33.49% 3.28% 22.56% 2.94% -86.86% -519.66% -220.93% -27.14% 8.60% -7.28% -4.09%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00
Interest 0.00 0.00 0.00 0.18 0.04 0.89 0.02 0.02 0.01 0.00 0.00 0.00 0.00
Depreciation 0.06 0.06 0.09 0.07 0.07 0.07 0.03 0.01 0.01 0.00 0.00 0.00 0.00
Profit before tax 0.09 0.05 0.63 0.50 11.05 9.79 -59.85 -12.19 -2.87 -2.82 1.86 -1.41 -0.86
Tax % 22.22% 60.00% -14.29% 44.00% 20.09% -19.00% -3.71% -5.17% 44.25% 0.00% 0.00% 0.71%
0.07 0.03 0.72 0.28 8.83 11.66 -57.63 -11.56 -4.15 -2.83 1.86 -1.41 -0.87
EPS in Rs 0.04 0.02 0.39 0.15 4.72 5.97 -29.51 -5.89 -2.11 -1.44 0.95 -0.72 -0.44
Dividend Payout % 0.00% 0.00% 43.26% 155.75% 8.47% 8.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 40%
5 Years: -22%
3 Years: 148%
TTM: 34%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 18%
TTM: -307%
Stock Price CAGR
10 Years: 9%
5 Years: 36%
3 Years: 30%
1 Year: 146%
Return on Equity
10 Years: -13%
5 Years: -13%
3 Years: -3%
Last Year: -5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 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 35.81 35.84 36.14 35.90 43.83 65.52 20.77 12.01 7.88 5.06 6.92 5.51
1.35 0.97 0.84 0.87 0.73 47.30 2.39 0.42 1.80 4.08 5.51 4.93
0.75 0.64 0.42 7.52 1.59 2.32 3.02 0.27 0.17 0.14 0.14 0.10
Total Liabilities 44.14 43.68 43.63 50.52 52.38 134.67 45.71 32.34 29.49 28.92 32.21 30.18
0.42 0.36 0.23 0.16 0.09 0.05 0.04 0.03 0.02 0.01 0.01 0.01
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 14.69 36.52 27.82 29.77 47.19 40.71 25.60 13.20 11.75 11.75 11.75 11.75
29.03 6.80 15.58 20.59 5.10 93.91 20.07 19.11 17.72 17.16 20.45 18.42
Total Assets 44.14 43.68 43.63 50.52 52.38 134.67 45.71 32.34 29.49 28.92 32.21 30.18

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-21.06 22.17 -0.68 1.59 11.58 -82.00 14.36 -12.03 -3.27 -2.72 -2.13 0.08
1.28 -21.81 1.99 -0.94 -8.76 11.43 30.31 12.05 1.52 0.50 0.71 0.48
19.48 -0.38 -0.13 -0.50 -0.70 68.83 -46.10 0.20 1.37 2.28 1.43 -0.58
Net Cash Flow -0.30 -0.02 1.17 0.14 2.12 -1.74 -1.42 0.21 -0.38 0.06 0.00 -0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 12.83 38.71 0.00 0.00 0.00 0.00 27.89 360.32 710.19 80.45 38.66 73.93
Inventory Days 295.32 1,910.88 760.70 227.08 3.70 89.85 8.30 69.86 504.92 14.85 7.00 6.22
Days Payable 6.64 42.94 10.23 116.95 0.39 0.13 8.69 24.24 36.50 2.07 1.49 1.24
Cash Conversion Cycle 301.51 1,906.65 750.47 110.13 3.31 89.72 27.49 405.95 1,178.61 93.22 44.18 78.90
Working Capital Days 941.02 2,654.55 2,103.42 144.21 -1.55 80.72 27.51 418.03 947.87 98.72 59.76 103.46
ROCE % 0.27% 0.12% 1.46% 1.58% 23.65% 11.66% -68.36% -32.56% -9.32% -9.71% 6.11% -4.54%

Shareholding Pattern

Numbers in percentages

45 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.08% 54.83% 54.90% 52.56% 51.53% 47.42% 47.87% 48.36% 48.40% 49.45% 50.58% 49.23%
44.92% 45.17% 45.10% 47.45% 48.48% 52.57% 52.13% 51.63% 51.59% 50.54% 49.42% 50.76%
No. of Shareholders 2,3672,1752,2322,4562,4592,3592,4272,5302,6282,7472,8842,919

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