Garnet Construction Ltd

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Garnet Construction Ltd

₹ 38.9 -1.99%
22 Nov - close price
garnetconstructions.com BSE: 526727
About

Incorporated in 1992, Garnet Construction Ltd is a Real Estate Development Company focused on residential, commercial, retail, and other projects, such as mass housing and cluster redevelopment. [1][2]

Key Points

Projects
Residential:
Pyramid: Spread across the 92 acres of land, in Raigarh. [1]
Brillante: 3 towers of 40 storeys each, in Mumbai [2]
Magic Hills: Spread across the 400 acres of land, in Raigarh. [3]
Commercial:
Garnet Palladium: Office space in Goregaon. [4]
Industrial:
Arkose: 56 plots spread across around 10 acres. [5]

Website BSE
  • Market Cap ₹ 54.1 Cr.
  • Current Price ₹ 38.9
  • High / Low ₹ 57.2 / 16.5
  • Stock P/E 8.13
  • Book Value ₹ 73.3
  • Dividend Yield 0.00 %
  • ROCE 4.51 %
  • ROE 3.13 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.53 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.80% over past five years.
  • Company has a low return on equity of 1.28% over last 3 years.
  • Company has high debtors of 1,008 days.

* 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: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.00 0.20 5.36 0.31 0.51 1.85 -0.61 0.34 1.15 2.79 6.86 15.18 0.79
1.02 0.52 4.03 0.89 0.92 1.43 0.17 0.77 1.35 1.39 9.58 5.20 1.38
Operating Profit -1.02 -0.32 1.33 -0.58 -0.41 0.42 -0.78 -0.43 -0.20 1.40 -2.72 9.98 -0.59
OPM % -160.00% 24.81% -187.10% -80.39% 22.70% -126.47% -17.39% 50.18% -39.65% 65.74% -74.68%
0.09 0.04 2.42 0.01 0.02 0.30 2.04 0.00 4.67 0.04 2.35 0.02 0.01
Interest 0.12 0.11 0.12 0.05 0.05 0.05 0.08 0.17 0.19 0.21 0.16 0.18 0.22
Depreciation 0.09 0.09 0.09 0.08 0.08 0.08 0.08 0.07 0.07 0.07 0.07 0.07 0.07
Profit before tax -1.14 -0.48 3.54 -0.70 -0.52 0.59 1.10 -0.67 4.21 1.16 -0.60 9.75 -0.87
Tax % -0.88% 14.58% 4.52% -2.86% -1.92% 0.00% 18.18% -1.49% 20.67% 25.00% -1.67% 25.64% 0.00%
-1.13 -0.55 3.38 -0.68 -0.51 0.59 0.90 -0.67 3.34 0.87 -0.60 7.25 -0.87
EPS in Rs -0.81 -0.40 2.43 -0.49 -0.37 0.42 0.65 -0.48 2.40 0.63 -0.43 5.22 -0.63
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
21.02 5.93 28.57 46.26 14.24 5.82 7.30 68.37 66.86 5.57 2.01 11.13 25.62
17.13 4.02 22.64 40.41 11.12 2.45 6.04 56.73 50.48 6.82 3.39 13.09 17.55
Operating Profit 3.89 1.91 5.93 5.85 3.12 3.37 1.26 11.64 16.38 -1.25 -1.38 -1.96 8.07
OPM % 18.51% 32.21% 20.76% 12.65% 21.91% 57.90% 17.26% 17.03% 24.50% -22.44% -68.66% -17.61% 31.50%
0.11 4.24 0.16 0.34 0.07 0.17 0.81 0.68 1.62 2.79 2.41 7.06 2.42
Interest 2.27 2.57 2.62 2.43 1.66 1.54 0.44 2.23 0.67 0.48 0.24 0.72 0.77
Depreciation 0.37 0.41 0.95 0.86 0.62 0.54 0.47 0.35 0.33 0.35 0.33 0.29 0.28
Profit before tax 1.36 3.17 2.52 2.90 0.91 1.46 1.16 9.74 17.00 0.71 0.46 4.09 9.44
Tax % 19.85% 27.76% 73.81% 25.17% 62.64% 17.12% 29.31% 29.26% 25.53% 28.17% 36.96% 28.12%
1.09 2.29 0.66 2.17 0.34 1.21 0.82 6.89 12.65 0.51 0.29 2.94 6.65
EPS in Rs 0.78 1.65 0.47 1.56 0.24 0.87 0.59 4.96 9.10 0.37 0.21 2.11 4.79
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: -45%
TTM: 838%
Compounded Profit Growth
10 Years: 18%
5 Years: 29%
3 Years: -39%
TTM: 60%
Stock Price CAGR
10 Years: 12%
5 Years: 46%
3 Years: 18%
1 Year: 114%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 1%
Last Year: 3%

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 Sep 2024
Equity Capital 13.90 13.90 13.90 13.90 13.90 13.90 13.90 13.90 13.90 13.90 13.90 13.90 13.90
Reserves 48.06 50.35 50.95 53.12 56.22 57.44 58.27 65.18 77.84 78.34 78.68 81.61 87.97
43.25 34.14 56.00 41.93 34.92 36.85 46.72 28.06 20.20 15.97 14.70 10.55 6.40
91.14 107.47 92.00 68.09 67.68 46.82 53.26 74.93 74.55 60.17 55.22 57.03 69.77
Total Liabilities 196.35 205.86 212.85 177.04 172.72 155.01 172.15 182.07 186.49 168.38 162.50 163.09 178.04
7.01 8.60 7.65 6.71 6.10 5.56 5.12 4.82 4.78 4.48 4.21 3.95 4.29
CWIP 0.98 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 3.05 3.07 3.07 3.07 3.03 3.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00
185.31 194.19 202.13 167.26 163.59 146.42 167.00 177.25 181.71 163.90 158.29 159.14 173.75
Total Assets 196.35 205.86 212.85 177.04 172.72 155.01 172.15 182.07 186.49 168.38 162.50 163.09 178.04

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
-4.73 7.58 -18.03 14.53 12.37 1.61 -5.84 27.77 12.94 -1.07 -1.40 -2.33
4.71 3.05 0.11 0.25 0.06 0.16 2.97 0.17 1.33 2.45 2.04 5.94
-3.87 -11.67 19.26 -16.48 -12.59 -2.90 4.35 -24.52 -11.22 -6.42 -1.51 -4.88
Net Cash Flow -3.89 -1.04 1.33 -1.71 -0.16 -1.12 1.48 3.43 3.05 -5.05 -0.87 -1.26

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 902.43 2,546.38 623.58 343.85 1,489.99 1,901.51 1,701.50 203.13 193.15 2,404.94 6,203.18 1,008.42
Inventory Days
Days Payable
Cash Conversion Cycle 902.43 2,546.38 623.58 343.85 1,489.99 1,901.51 1,701.50 203.13 193.15 2,404.94 6,203.18 1,008.42
Working Capital Days 1,532.41 4,975.82 1,115.57 622.54 2,233.57 5,559.04 4,579.00 484.64 523.81 6,325.57 17,921.32 3,319.43
ROCE % 3.47% 1.59% 4.69% 4.69% 2.40% 2.81% 1.41% 10.54% 16.13% 0.84% 0.65% 4.51%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.12% 61.29% 61.29% 61.29% 61.29% 61.29% 61.29% 61.29% 61.29% 61.29% 61.29% 61.29%
40.88% 38.71% 38.71% 38.71% 38.71% 38.70% 38.71% 38.70% 38.72% 38.70% 38.70% 38.70%
No. of Shareholders 5,9845,8525,8255,8275,8125,8455,7845,7585,8115,9625,7366,196

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