Price
Financials
Standalone, 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 | 1.15 | 1.15 | 6.86 | 15.18 | 0.79 | 0.87 | -0.75 | 40.39 | 16.29 | 15.75 | 10.40 | -0.13 |
| Expenses | 1.35 | 1.35 | 9.58 | 5.20 | 1.38 | 1.10 | 0.61 | 15.76 | 7.33 | 1.97 | 7.00 | 0.62 |
| Operating Profit | -0.20 | -0.20 | -2.72 | 9.98 | -0.59 | -0.23 | -1.36 | 24.63 | 8.96 | 13.78 | 3.40 | -0.75 |
| OPM % | -17.39% | -17.39% | -39.65% | 65.74% | -74.68% | -26.44% | 60.98% | 55.00% | 87.49% | 32.69% | ||
| Other Income | 4.67 | 4.67 | 2.35 | 0.02 | 0.01 | 0.02 | 3.28 | 0.04 | 0.02 | 0.08 | 3.36 | 0.01 |
| Interest | 0.19 | 0.19 | 0.16 | 0.18 | 0.22 | 0.18 | 0.34 | 0.16 | 0.17 | 0.43 | 0.17 | 0.18 |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.09 | 0.08 | 0.10 | 0.10 | 0.17 | 0.13 | 0.16 |
| Profit before tax | 4.21 | 4.21 | -0.60 | 9.75 | -0.87 | -0.48 | 1.50 | 24.41 | 8.71 | 13.26 | 6.46 | -1.08 |
| Tax % | 20.67% | 20.67% | -1.67% | 25.64% | 0.00% | -4.17% | 0.67% | 25.40% | 24.91% | 24.51% | 26.78% | -2.78% |
| Net Profit | 3.34 | 3.34 | -0.60 | 7.25 | -0.87 | -0.46 | 1.49 | 18.21 | 6.53 | 10.01 | 4.72 | -1.04 |
| EPS in Rs | 2.40 | 2.40 | -0.43 | 5.22 | -0.63 | -0.33 | 1.07 | 13.10 | 4.70 | 7.20 | 3.40 | -0.75 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46 | 14 | 6 | 7 | 68 | 67 | 6 | 2 | 11 | 16 | 83 | 42 |
| Expenses | 40 | 11 | 2 | 6 | 57 | 50 | 7 | 3 | 13 | 8 | 32 | 17 |
| Operating Profit | 6 | 3 | 3 | 1 | 12 | 16 | -1 | -1 | -2 | 8 | 51 | 25 |
| OPM % | 13% | 22% | 58% | 17% | 17% | 24% | -22% | -69% | -18% | 49% | 61% | 60% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 2 | 7 | 3 | 4 | 3 |
| Interest | 2 | 2 | 2 | 0 | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 3 | 1 | 1 | 1 | 10 | 17 | 1 | 0 | 4 | 10 | 53 | 27 |
| Tax % | 25% | 63% | 17% | 29% | 29% | 26% | 28% | 37% | 28% | 25% | 25% | |
| Net Profit | 2 | 0 | 1 | 1 | 7 | 13 | 1 | 0 | 3 | 7 | 39 | 20 |
| EPS in Rs | 1.56 | 0.24 | 0.87 | 0.59 | 4.96 | 9.10 | 0.37 | 0.21 | 2.11 | 5.33 | 28.40 | 14.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 4% | 245% | 2% | ||
| Compounded Profit Growth | 33% | 26% | 414% | 10% | ||
| Stock Price CAGR | 11% | 15% | 40% | -4% | ||
| Return on Equity | 8% | 10% | 16% | 32% |
| 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 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 51 | 53 | 56 | 57 | 58 | 65 | 78 | 78 | 79 | 82 | 89 | 128 |
| Borrowings | 56 | 42 | 35 | 37 | 47 | 28 | 20 | 16 | 15 | 11 | 9 | 9 |
| Other Liabilities | 92 | 68 | 68 | 47 | 53 | 75 | 75 | 60 | 55 | 57 | 64 | 64 |
| Total Liabilities | 213 | 177 | 173 | 155 | 172 | 182 | 186 | 168 | 162 | 163 | 176 | 215 |
| Fixed Assets | 8 | 7 | 6 | 6 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 202 | 167 | 164 | 146 | 167 | 177 | 182 | 164 | 158 | 159 | 171 | 209 |
| Total Assets | 213 | 177 | 173 | 155 | 172 | 182 | 186 | 168 | 162 | 163 | 176 | 215 |
| 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 | -18 | 15 | 12 | 2 | -6 | 28 | 13 | -1 | -1 | -2 | 1 | -1 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 3 | 0 | 1 | 2 | 2 | 6 | 2 | 1 |
| Cash from Financing Activity | 19 | -16 | -13 | -3 | 4 | -25 | -11 | -6 | -2 | -5 | -3 | -0 |
| Net Cash Flow | 1 | -2 | -0 | -1 | 1 | 3 | 3 | -5 | -1 | -1 | 0 | 0 |
| Free Cash Flow | -18 | 15 | 12 | 2 | -6 | 28 | 13 | -1 | -1 | -2 | -0 | -3 |
| CFO/OP | -293% | 255% | 407% | 58% | -441% | 254% | 106% | 68% | 86% | 59% | 39% | 25% |
| 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 | 624 | 344 | 1,490 | 1,902 | 1,702 | 203 | 193 | 2,405 | 6,203 | 1,008 | 670 | 300 |
| Inventory Days | 3,676 | 1,591 | ||||||||||
| Days Payable | 132 | 63 | ||||||||||
| Cash Conversion Cycle | 624 | 344 | 1,490 | 1,902 | 1,702 | 203 | 193 | 2,405 | 6,203 | 4,553 | 670 | 1,829 |
| Working Capital Days | 1,116 | 608 | 2,216 | 5,528 | 4,430 | 482 | 524 | 6,326 | 17,921 | 3,319 | 2,355 | 635 |
| ROCE % | 5% | 5% | 2% | 3% | 1% | 11% | 16% | 1% | 1% | 5% | 10% | 41% |
| 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 | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% | 61.29% |
| Public | 38.70% | 38.72% | 38.70% | 38.70% | 38.70% | 38.70% | 38.71% | 38.72% | 38.70% | 38.71% | 38.72% | 38.70% |
| No. of Shareholders | 5,758 | 5,811 | 5,962 | 5,736 | 6,196 | 6,070 | 6,071 | 5,976 | 5,970 | 5,925 | 5,873 | 5,931 |
Fundamentals
Market Cap₹ 65.9 Cr.
Current Price₹ 47.4
Stock P/E3.27
Book Value₹ 102
ROCE40.9 %
ROE32.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)10%
Standalone figures.
Valuation
Market capRs 65 Cr
Enterprise valueRs 74 Cr
P/E (TTM)3.22x
Price to book0.46x
Price to sales1.54x
EV / EBITDA2.57x
EV / EBIT2.62x
EV / sales1.75x
Earnings yield31.03%
P/E, 3-year average5.91x
P/B, 3-year average0.47x
P/E, 5-year average29.23x
P/B, 5-year average0.40x
Profitability
Operating margin (excl. other income)61.28%
Operating margin (incl. other income)65.52%
EBITDA margin68.21%
Pre-tax margin64.64%
Net profit margin47.79%
Net margin, latest quarter800.00%
ROE32.20%
ROCE40.90%
ROA20.22%
ROE, 3-year average14.26%
ROCE, 3-year average18.46%
ROA, 3-year average8.80%
ROE, 5-year average8.73%
ROCE, 5-year average11.42%
ROA, 5-year average5.37%
ROIC (approx.)13.98%
Tax rate25.27%
Other income / net worth2.47%
Growth
Sales growth (latest year)414.73%
Profit growth (latest year)432.79%
Sales CAGR, 3 years245.39%
Sales CAGR, 5 years4.37%
Profit CAGR, 3 years414.43%
Profit CAGR, 5 years25.56%
Sales growth QoQ-101.25%
Profit growth QoQ-122.03%
Sales growth YoY (latest quarter)-100.32%
Profit growth YoY (latest quarter)-105.71%
Per share
EPS (TTM)Rs 14.54
EPS (latest year)Rs 28.40
EPS (latest quarter)Rs -0.75
EPS, 3-year averageRs 11.95
EPS, 5-year averageRs 7.28
Book value per shareRs 102.40
Sales per shareRs 30.43
Cash flow per shareRs -0.47
Free cash flow per shareRs -2.16
Efficiency
Asset turnover0.39x
Fixed asset turnover13.17x
Inventory turnover0.36x
Inventory days1013 days
Debtor days300 days
Debtors turnover1.22x
Creditor days63 days
Cash conversion cycle1829 days
Working capital days635 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 0 Cr
Net debtRs 9 Cr
Debt to equity0.06x
Net debt / EBITDA0.31x
Interest coverage29.79x
Owners' fund to total sources66.20%
Debt to assets4.21%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years-0.08x
Statement figures
Net sales (TTM)Rs 42 Cr
Net sales (latest year)Rs 83 Cr
Sales (latest quarter)Rs -0 Cr
Operating profit excl. other income (latest year)Rs 51 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 29 Cr
PBDT (TTM)Rs 28 Cr
Profit before tax (TTM)Rs 27 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 20 Cr
Net profit (latest year)Rs 39 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 19 Cr
Total expenditure (latest year)Rs 32 Cr
Total income (latest year)Rs 86 Cr
Share capitalRs 14 Cr
ReservesRs 128 Cr
Shareholders' fundsRs 142 Cr
Total assetsRs 215 Cr
Net blockRs 6 Cr
ReceivablesRs 68 Cr
InventoryRs 54 Cr
Other liabilitiesRs 64 Cr
Shares outstanding (crore)1.39
Ownership
Promoter holding61.29% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 3.2 is at the 17th percentile of its own 9.4-year range
(median 14.6, low 1.7, high 188.5).
P/B 0.46 is at the 73th percentile (median 0.34).
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 | 526727 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.2% | -2.8% | +0.5 pts |
| 1 month | -12.5% | -6.8% | -5.7 pts |
| 3 months | -33.1% | -7.6% | -25.5 pts |
| 3 years | +170.9% | +14.2% | +156.8 pts |
| 5 years | +90.5% | +27.9% | +62.6 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -5% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 19% of total assets 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 ₹0 Cr -100.3% vs Jun 2025.
Net loss ₹1 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 Construction Ltd?
Garnet Construction Ltd (526727) has a market capitalisation of Rs 65.9 Cr. at the 2026-10-01 close.
What is the P/E ratio of Garnet Construction Ltd?
Garnet Construction Ltd trades at a P/E of 3.27 on trailing twelve-month profit, at the 2026-10-01 close.
What were Garnet Construction Ltd's latest quarterly results?
In the Jun 2026 quarter, Garnet Construction Ltd sales was Rs 0 Cr (-100.3% vs Jun 2025) with a net loss of Rs 1 Cr.