Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12.63 | 12.26 | 19.67 | 2.64 | 1.46 | 2.86 | 1.77 | 2.13 | 2.04 | 0.28 | 0.42 | 0.54 |
| Expenses | 14.22 | 9.50 | 20.03 | 2.58 | 1.57 | 3.05 | 1.58 | 0.84 | 0.28 | 0.25 | 0.28 | 0.86 |
| Operating Profit | -1.59 | 2.76 | -0.36 | 0.06 | -0.11 | -0.19 | 0.19 | 1.29 | 1.76 | 0.03 | 0.14 | -0.32 |
| OPM % | -12.59% | 22.51% | -1.83% | 2.27% | -7.53% | -6.64% | 10.73% | 60.56% | 86.27% | 10.71% | 33.33% | -59.26% |
| Other Income | 0.00 | 0.00 | -4.62 | 0.71 | 0.67 | 0.00 | 0.22 | 0.00 | 1.04 | 0.07 | 0.40 | 0.00 |
| Interest | 1.32 | 0.76 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.24 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -3.15 | 1.75 | -4.99 | 0.77 | 0.56 | -0.19 | 0.40 | 1.29 | 2.80 | 0.10 | 0.54 | -0.32 |
| Tax % | 0.00% | 0.00% | 0.60% | 0.00% | 0.00% | 0.00% | 5.00% | 0.00% | 0.00% | 0.00% | -1.85% | 0.00% |
| Net Profit | -3.15 | 1.75 | -5.02 | 0.77 | 0.56 | -0.19 | 0.38 | 1.29 | 2.80 | 0.11 | 0.54 | -0.32 |
| EPS in Rs | -1.41 | 0.95 | -2.48 | 0.39 | 0.29 | -0.10 | 0.19 | 0.66 | 1.43 | 0.06 | 0.28 | -0.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.33 | 64.09 | 376.49 | 83.10 | 17.53 | 17.78 | 43.84 | 59.33 | 20.31 | 8.73 | 4.87 | 3.28 |
| Expenses | 34.52 | 50.73 | 365.18 | 142.12 | 27.52 | 19.10 | 43.56 | 53.39 | 21.67 | 8.53 | 1.49 | 1.67 |
| Operating Profit | 2.81 | 13.36 | 11.31 | -59.02 | -9.99 | -1.32 | 0.28 | 5.94 | -1.36 | 0.20 | 3.38 | 1.61 |
| OPM % | 7.53% | 20.85% | 3.00% | -71.02% | -56.99% | -7.42% | 0.64% | 10.01% | -6.70% | 2.29% | 69.40% | 49.09% |
| Other Income | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.59 | 1.36 | 1.36 | 1.51 |
| Interest | 0.20 | 0.08 | 0.92 | 0.09 | 0.16 | 0.24 | 0.33 | 1.18 | 0.01 | 0.01 | 0.00 | 0.00 |
| Depreciation | 0.50 | 0.61 | 0.82 | 0.83 | 0.82 | 0.82 | 0.81 | 0.94 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 2.10 | 12.67 | 9.57 | -59.94 | -10.97 | -2.38 | -0.86 | 3.82 | -5.96 | 1.55 | 4.74 | 3.12 |
| Tax % | 35.24% | 21.47% | -18.29% | -3.67% | -3.19% | 49.16% | 45.35% | 14.66% | 0.50% | 1.29% | -0.21% | |
| Net Profit | 1.24 | 9.96 | 11.33 | -57.74 | -10.62 | -3.55 | -1.25 | 3.26 | -5.98 | 1.53 | 4.75 | 3.13 |
| EPS in Rs | 0.37 | 5.19 | 5.85 | -29.55 | -5.55 | -1.90 | -0.88 | 1.45 | -3.05 | 0.77 | 2.42 | 1.61 |
| Dividend Payout % | 62.30% | 7.71% | 8.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -18% | -23% | -57% | -60% | ||
| Compounded Profit Growth | 21% | 27% | 19% | 54% | ||
| Stock Price CAGR | -3% | 13% | 9% | -53% | ||
| Return on Equity | -11% | 4% | 6% | 12% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.23 | 6.23 | 6.23 | 19.53 | 19.53 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 |
| Reserves | 37.42 | 37.60 | 46.41 | 68.59 | 23.77 | 14.94 | 11.22 | 9.51 | 12.36 | 7.73 | 18.09 | 22.84 |
| Borrowings | 0.90 | 1.17 | 0.96 | 47.49 | 2.47 | 2.29 | 5.65 | 11.07 | 21.60 | 4.93 | 3.01 | 1.01 |
| Other Liabilities | 6.25 | 14.43 | 9.19 | 9.63 | 10.84 | 10.84 | 12.67 | 12.76 | 11.19 | 1.67 | 1.86 | 1.77 |
| Total Liabilities | 50.80 | 59.43 | 62.79 | 145.24 | 56.61 | 47.71 | 49.18 | 52.98 | 64.79 | 33.97 | 42.60 | 45.26 |
| Fixed Assets | 5.14 | 6.90 | 10.51 | 12.26 | 12.16 | 11.59 | 10.78 | 10.15 | 11.88 | 0.01 | 0.01 | 0.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.85 | 2.19 | 2.35 | 8.74 | 0.80 | 1.27 | 1.29 |
| Investments | 24.46 | 26.29 | 41.77 | 35.28 | 20.18 | 7.78 | 6.33 | 6.33 | 6.50 | 13.89 | 15.82 | 15.71 |
| Other Assets | 21.20 | 26.24 | 10.51 | 97.70 | 24.27 | 27.49 | 29.88 | 34.15 | 37.67 | 19.27 | 25.50 | 28.25 |
| Total Assets | 50.80 | 59.43 | 62.79 | 145.24 | 56.61 | 47.71 | 49.18 | 52.98 | 64.79 | 33.97 | 42.60 | 45.26 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.07 | 3.85 | 13.38 | -82.89 | 16.98 | -11.22 | -3.72 | -3.65 | -0.62 | 6.69 | -2.83 | -3.55 |
| Cash from Investing Activity | 1.20 | -3.12 | -11.59 | 12.32 | 27.37 | 11.10 | 0.21 | 0.17 | -8.48 | 10.06 | -4.23 | 5.56 |
| Cash from Financing Activity | -0.15 | -0.34 | -0.80 | 68.75 | -46.22 | 0.36 | 3.14 | 3.51 | 9.36 | -16.67 | 6.92 | -2.00 |
| Net Cash Flow | 2.12 | 0.39 | 0.99 | -1.81 | -1.87 | 0.24 | -0.38 | 0.04 | 0.26 | 0.07 | -0.13 | 0.01 |
| Free Cash Flow | 0.21 | 1.58 | 10.48 | -85.46 | 17.19 | -12.32 | -5.18 | -3.99 | -9.69 | 16.09 | -3.31 | -3.55 |
| CFO/OP | 61% | 160% | 105% | -694% | -31% | 112% | 282% | -1,300% | -2% | -537% | -1,410% | -105% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83.11 | 30.80 | 20.62 | 4.44 | 48.45 | 161.16 | 213.70 | 111.40 | 72.90 | 71.71 | 178.95 | 311.04 |
| Inventory Days | 126.89 | 178.73 | 10.31 | 90.30 | 15.12 | 289.69 | 343.02 | 125.15 | 103.16 | 29.90 | 71.89 | 680.23 |
| Days Payable | 102.89 | 118.33 | 29.94 | 4.98 | 23.59 | 306.32 | 383.78 | 107.58 | 62.86 | 34.45 | 65.67 | 459.02 |
| Cash Conversion Cycle | 107.12 | 91.20 | 0.98 | 89.76 | 39.98 | 144.53 | 172.94 | 128.97 | 113.20 | 67.16 | 185.17 | 532.25 |
| Working Capital Days | 327.45 | 87.02 | -2.96 | 34.39 | 24.11 | 157.41 | 210.42 | 122.47 | 107.85 | 85.18 | 198.60 | 442.95 |
| ROCE % | 3.79% | 4.81% | 24.28% | 10.76% | -64.03% | -24.44% | -5.37% | -1.27% | 9.84% | -1.13% | 4.27% | 11.24% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 48.36% | 48.40% | 49.45% | 50.58% | 49.23% | 49.30% | 49.54% | 49.13% | 51.08% | 49.75% | 49.69% | 49.27% |
| Public | 51.63% | 51.59% | 50.54% | 49.42% | 50.76% | 50.70% | 50.45% | 50.85% | 48.91% | 50.25% | 50.30% | 50.72% |
| No. of Shareholders | 2,530 | 2,628 | 2,747 | 2,884 | 2,919 | 2,778 | 2,783 | 2,709 | 2,611 | 2,644 | 2,661 | 2,611 |
Fundamentals
Market Cap₹ 111 Cr.
Current Price₹ 56.5
Stock P/E35.3
Book Value₹ 21.6
ROCE11.2 %
ROE11.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-60%
Compounded Profit Growth (TTM)54%
Consolidated figures.
Valuation
Market capRs 98 Cr
Enterprise valueRs 99 Cr
P/E (TTM)31.18x
Price to book2.31x
Price to sales29.85x
EV / EBITDA31.68x
EV / EBIT31.68x
EV / sales30.13x
Earnings yield3.21%
P/E, 3-year average83.27x
P/B, 3-year average4.13x
P/E, 5-year average68.86x
P/B, 5-year average3.93x
Profitability
Operating margin (excl. other income)69.40%
Operating margin (incl. other income)97.33%
EBITDA margin95.12%
Pre-tax margin95.12%
Net profit margin95.73%
Net margin, latest quarter-59.26%
ROE11.84%
ROCE11.25%
ROA10.81%
ROE, 3-year average-1.22%
ROCE, 3-year average0.56%
ROA, 3-year average0.88%
ROE, 5-year average-0.02%
ROCE, 5-year average2.19%
ROA, 5-year average0.82%
ROIC (approx.)7.20%
Tax rate-0.21%
Other income / net worth3.20%
Growth
Sales growth (latest year)-44.22%
Profit growth (latest year)212.50%
Sales CAGR, 3 years-56.54%
Sales CAGR, 5 years-22.82%
Profit CAGR, 3 years18.70%
Sales growth QoQ28.57%
Profit growth QoQ-159.26%
Sales growth YoY (latest quarter)-74.65%
Profit growth YoY (latest quarter)-124.81%
Per share
EPS (TTM)Rs 1.60
EPS (latest year)Rs 2.42
EPS (latest quarter)Rs -0.16
EPS, 3-year averageRs 0.05
EPS, 5-year averageRs 0.14
Book value per shareRs 21.63
Sales per shareRs 1.67
Cash flow per shareRs -1.81
Free cash flow per shareRs -1.81
Efficiency
Asset turnover0.11x
Fixed asset turnover487.00x
Inventory turnover0.59x
Inventory days624 days
Debtor days311 days
Debtors turnover1.17x
Creditor days459 days
Cash conversion cycle532 days
Working capital days443 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.02x
Net debt / EBITDA0.29x
Owners' fund to total sources93.86%
Debt to assets2.23%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs 6 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years-1.71x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 5 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs -0 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 6 Cr
Share capitalRs 20 Cr
ReservesRs 23 Cr
Shareholders' fundsRs 42 Cr
Total assetsRs 45 Cr
Net blockRs 0 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 16 Cr
ReceivablesRs 4 Cr
InventoryRs 1 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)1.96
Ownership
Promoter holding49.27% (+0.14 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 31.2 is at the 43th percentile of its own 4.5-year range
(median 32.5, low 7.8, high 164.6).
P/B 2.31 is at the 35th percentile (median 2.97).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 512493 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -15.5% | -2.8% | -12.7 pts |
| 1 month | -8.0% | -6.8% | -1.2 pts |
| 3 months | -26.6% | -7.6% | -19.0 pts |
| 3 years | +13.3% | +14.2% | -0.9 pts |
| 5 years | +57.3% | +27.9% | +29.4 pts |
Red flags
F-score 5 of 8| explain | High accruals Profit exceeded operating cash by 18% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew -3% vs sales -44% in 2026 |
| look | Inventory outrunning sales Inventory grew 18% vs sales -44% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1 Cr -74.6% vs Jun 2025.
Net loss ₹0 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Garnet International Ltd?
Garnet International Ltd (512493) has a market capitalisation of Rs 111 Cr. at the 2026-10-01 close.
What is the P/E ratio of Garnet International Ltd?
Garnet International Ltd trades at a P/E of 35.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Garnet International Ltd's latest quarterly results?
In the Jun 2026 quarter, Garnet International Ltd sales was Rs 1 Cr (-74.6% vs Jun 2025) with a net loss of Rs 0 Cr.