Garnet International Ltd

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

Garnet International Ltd

₹ 133 0.08%
28 Aug - 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 ₹ 261 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 136 / 39.0
  • Stock P/E 1,775
  • Book Value ₹ 13.9
  • Dividend Yield 0.00 %
  • ROCE -1.13 %
  • ROE -1.89 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Promoter holding has increased by 1.12% over last quarter.
  • Company's working capital requirements have reduced from 98.6 days to 65.7 days

Cons

  • Stock is trading at 9.55 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -24.5% over past five years.
  • Company has a low return on equity of 1.14% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.51%

* 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

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
8.95 14.45 10.06 10.35 15.75 18.95 14.43 10.20 8.72 12.63 12.26 19.67 2.64
10.19 13.95 9.71 9.79 13.78 17.93 13.60 8.07 7.83 14.22 9.50 20.03 2.58
Operating Profit -1.24 0.50 0.35 0.56 1.97 1.02 0.83 2.13 0.89 -1.59 2.76 -0.36 0.06
OPM % -13.85% 3.46% 3.48% 5.41% 12.51% 5.38% 5.75% 20.88% 10.21% -12.59% 22.51% -1.83% 2.27%
0.00 0.00 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.62 0.71
Interest 0.06 0.05 0.05 0.17 0.10 0.13 0.11 0.85 0.24 1.32 0.76 0.01 0.00
Depreciation 0.20 0.20 0.20 0.20 0.25 0.22 0.25 0.22 0.22 0.24 0.25 0.00 0.00
Profit before tax -1.50 0.25 0.10 0.29 1.62 0.67 0.47 1.06 0.43 -3.15 1.75 -4.99 0.77
Tax % -0.67% 4.00% 0.00% 134.48% 0.00% 0.00% 0.00% 52.83% 0.00% 0.00% 0.00% 0.60% 0.00%
-1.50 0.24 0.10 -0.10 1.63 0.67 0.47 0.51 0.43 -3.15 1.75 -5.02 0.77
EPS in Rs -0.83 0.01 0.01 -0.07 0.72 0.33 0.20 0.19 0.08 -1.41 0.95 -2.48 0.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
9.20 10.80 14.58 37.33 64.09 376.49 83.10 17.53 17.78 43.84 59.33 20.33 47.20
8.20 9.45 12.36 34.52 50.73 365.18 142.12 27.52 19.10 43.56 53.39 21.66 46.33
Operating Profit 1.00 1.35 2.22 2.81 13.36 11.31 -59.02 -9.99 -1.32 0.28 5.94 -1.33 0.87
OPM % 10.87% 12.50% 15.23% 7.53% 20.85% 3.00% -71.02% -56.99% -7.42% 0.64% 10.01% -6.54% 1.84%
0.01 0.00 -0.02 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.62 -3.91
Interest 0.00 0.00 0.01 0.20 0.08 0.92 0.09 0.16 0.24 0.33 1.18 0.01 2.09
Depreciation 0.47 0.49 0.44 0.50 0.61 0.82 0.83 0.82 0.82 0.81 0.94 0.00 0.49
Profit before tax 0.54 0.86 1.75 2.10 12.67 9.57 -59.94 -10.97 -2.38 -0.86 3.82 -5.96 -5.62
Tax % 31.48% 32.56% 10.29% 35.24% 21.47% -18.29% -3.67% -3.19% 49.16% 45.35% 14.66% 0.50%
0.34 0.56 1.54 1.24 9.96 11.33 -57.74 -10.62 -3.55 -1.25 3.26 -5.98 -5.65
EPS in Rs 0.10 0.18 0.60 0.37 5.19 5.85 -29.55 -5.55 -1.90 -0.88 1.45 -3.05 -2.55
Dividend Payout % 0.00% 0.00% 27.81% 62.30% 7.71% 8.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: -25%
3 Years: 5%
TTM: -10%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 23%
TTM: -91%
Stock Price CAGR
10 Years: 9%
5 Years: 37%
3 Years: 78%
1 Year: 206%
Return on Equity
10 Years: -11%
5 Years: -8%
3 Years: 1%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 36.38 36.72 37.42 37.60 46.41 67.86 23.04 14.94 11.22 9.51 12.36 7.73
1.38 0.99 0.90 1.17 0.96 47.49 2.47 2.29 5.65 11.07 21.60 4.93
4.40 5.16 6.25 14.43 9.19 10.36 11.57 10.84 12.64 12.76 11.19 1.67
Total Liabilities 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.71 49.15 52.98 64.79 33.97
5.12 4.78 5.14 6.90 10.51 12.26 12.16 11.59 10.78 10.15 11.88 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.85 2.19 2.35 8.74 0.80
Investments 12.56 33.18 24.46 26.29 41.77 35.28 20.18 7.78 6.33 6.33 6.50 13.89
30.71 11.14 21.20 26.24 10.51 97.70 24.27 27.49 29.85 34.15 37.67 19.28
Total Assets 48.39 49.10 50.80 59.43 62.79 145.24 56.61 47.71 49.15 52.98 64.79 33.97

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-20.65 22.26 1.07 3.85 13.38 -82.89 16.98 -11.22 -3.72 -3.65 -0.62 6.69
1.10 -20.71 1.20 -3.12 -11.59 12.32 27.37 11.10 0.21 0.17 -8.48 10.06
19.67 -1.69 -0.15 -0.34 -0.80 68.75 -46.22 0.36 3.14 3.51 9.36 -16.67
Net Cash Flow 0.12 -0.14 2.12 0.39 0.99 -1.81 -1.87 0.24 -0.38 0.04 0.26 0.07

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 64.27 85.84 83.11 30.80 20.62 4.44 48.45 161.16 213.70 111.40 72.90 71.64
Inventory Days 188.08 164.62 126.89 178.73 10.31 90.30 15.12 289.69 343.02 125.15 103.16 23.66
Days Payable 68.39 95.13 102.89 118.33 29.94 4.98 23.59 306.32 383.78 107.58 62.86 27.27
Cash Conversion Cycle 183.96 155.33 107.12 91.20 0.98 89.76 39.98 144.53 172.94 128.97 113.20 68.03
Working Capital Days 260.66 232.18 348.48 95.53 1.20 80.24 34.61 157.41 210.42 122.47 107.48 65.71
ROCE % 1.48% 1.85% 3.79% 4.81% 24.28% 10.80% -64.54% -24.65% -5.37% -1.27% 9.84% -1.13%

Shareholding Pattern

Numbers in percentages

48 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
56.12% 55.08% 54.83% 54.90% 52.56% 51.53% 47.42% 47.87% 48.36% 48.40% 49.45% 50.58%
43.88% 44.92% 45.17% 45.10% 47.45% 48.48% 52.57% 52.13% 51.63% 51.59% 50.54% 49.42%
No. of Shareholders 1,9322,3672,1752,2322,4562,4592,3592,4272,5302,6282,7472,884

Documents

Announcements

Annual reports