Is Garnet Construction Ltd (526727) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Garnet Construction Ltd is a below average quality company .

Is Garnet Construction Ltd (526727) undervalued or overvalued?

The key valuation ratios of Garnet Construction Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Garnet Construction Ltd (526727) share price return in the past 10 years?

Garnet Construction Ltd share price has appreciated 20.8% annually (CAGR) over the past ten years.

Is Garnet Construction Ltd (526727) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Garnet Construction Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Garnet Construction Ltd (526727)?

Company share prices are keep on changing according to the market conditions. The current trading price of Garnet Construction Ltd (526727) on 13-Apr-2026 11:15:00 at 11:15 is 85.00.

What is the market cap of Garnet Construction Ltd (526727)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Apr-2026 at 11:15, the market cap of Garnet Construction stood at Rs. 119.09 Cr.

What is the P/E ratio of Garnet Construction?

The latest standalone P/E ratio of Garnet Construction as of 13-Apr-2026 is 3.29.

What is the P/B ratio of Garnet Construction Ltd (526727)?

The latest standalone P/B ratio of Garnet Construction Ltd (526727) as of 13-Apr-2026 is 0.87.

What is the 52-week high and low of Garnet Construction Ltd (526727)?

The 52-week high of Garnet Construction Ltd (526727) is Rs. 116.00 and the 52-week low is Rs. 22.60.

What is the TTM revenue of Garnet Construction Ltd (526727)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Garnet Construction is Rs. 71.68 (Cr.).

Garnet Construction Ltd (526727) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Garnet Construction Ltd (526727)
Brand: Garnet Construction

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.6%	3.1%	2.8%	1.4%	10.6%	16.1%	1.1%	0.6%	4.5%	10%	-
Value Creation Index ⓘ	-0.7	-0.8	-0.8	-0.9	-0.2	0.2	-0.9	-1.0	-0.7	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	46.3	11.4	5.8	7.3	68.4	66.9	5.6	2	11.1	16.1	72
Sales YoY Gr.	-	-75.5%	-48.7%	25.4%	836.6%	-2.2%	-91.7%	-63.9%	453.7%	44.6%	-
Adj EPS ⓘ	1.6	1	0.9	0.6	4.9	9.1	0.2	0.2	2.1	5.3	26.1
YoY Gr.	-	-39%	-10.3%	-32.2%	735.6%	84.6%	-97.5%	-8.7%	909.5%	151.4%	-
BVPS (₹) ⓘ	48.2	49.2	51.3	51.9	56.9	66	66.4	66.6	68.7	74	99
Adj Net Profit ⓘ	2.2	1.4	1.2	0.8	6.9	12.7	0.3	0.3	2.9	7.4	36
Cash Flow from Ops. ⓘ	14.5	8.4	1.6	-5.8	27.8	12.9	-1.1	-1.4	-2.3	0.6	-
Debt/CF from Ops. ⓘ	2.9	4.2	22.9	-8	1	1.6	-14.9	-10.5	-4.5	14.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-11.1%	-25.1%	42.4%	44.6%
Adj EPS ⓘ	14.4%	1.6%	185.1%	151.4%
BVPSⓘ	4.9%	5.4%	3.7%	7.7%
Share Price	20.8%	35.5%	82.2%	251.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	3.4	2	1.7	1.2	9.1	14.8	0.4	0.3	3.1	7.5	30.2
Op. Profit Mgn % ⓘ	12.7	33.8	58	17.3	17	24.5	-22.4	-68.4	-17.6	48.6	64.2
Net Profit Mgn % ⓘ	4.8	11.9	20.9	11.3	10	18.9	5.7	14.5	26.4	46	50.6
Debt to Equity ⓘ	0.6	0.5	0.5	0.7	0.4	0.2	0.2	0.2	0.1	0.1	-
Working Cap Days ⓘ	1,450	5,303	9,677	7,804	905	949	11,022	11,010	4,802	3,074	-4,829
Cash Conv. Cycle ⓘ	1,189	4,295	8,365	6,629	657	469	5,693	6,812	2,939	1,647	-2,951

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 30.10%

Sales growth is growing at healthy rate in last 3 years 42.42%

Net Profit is growing at healthy rate in last 3 years 185.10%

Sales growth is good in last 4 quarters at 931.88%

No data to display

	Standalone	Consolidated
TTM EPS (₹)	26.1	0.6
TTM Sales (₹ Cr.)	71.7	7.3
BVPS (₹) ⓘ	99	0
Reserves (₹ Cr.) ⓘ	124	59
P/BV ⓘ	0.87	0.00
PE ⓘ	3.29	146.89

From the Market
52 Week Low / High (₹)	22.60 / 116.00
All Time Low / High (₹)	1.50 / 126.80
Market Cap (₹ Cr.)	119
Equity (₹ Cr.)	13.9
Face Value (₹)	10
Industry PE ⓘ	45.2

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	46	11	6	7	68	67	6	2	11	16
Operating Expenses ⓘ +	40	8	2	6	57	50	7	3	13	8
Manufacturing Costs	6	1	0	0	0	0	0	0	0	0
Material Costs	32	4	0	3	50	41	4	0	9	3
Employee Cost	1	0	1	1	1	2	1	1	1	2
Other Costs ⓘ	2	1	2	2	6	8	2	2	2	4
Operating Profit ⓘ	6	4	3	1	12	16	-1	-1	-2	8
Operating Profit Margin (%)	12.5%	33.8%	58.0%	17.3%	17.0%	24.5%	-22.4%	-68.4%	-17.6%	48.6%
Other Income ⓘ +	0	0	0	1	1	2	3	2	7	3
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	2	2	2	0	2	1	0	0	1	1
Depreciation ⓘ	1	1	1	0	0	0	0	0	0	0
Profit Before Tax ⓘ	3	2	1	1	10	17	1	0	4	10
Tax ⓘ	1	0	0	0	3	4	0	0	1	2
Profit After Tax	2	1	1	1	7	13	1	0	3	7
PAT Margin (%)	4.7%	11.9%	20.9%	11.3%	10.1%	18.9%	9.2%	14.5%	26.4%	46.0%
Adjusted EPS (₹)	1.6	1.0	0.9	0.6	5.0	9.1	0.4	0.2	2.1	5.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	67	68	71	72	79	92	92	93	96	103
Share Capital ⓘ	14	14	14	14	14	14	14	14	14	14
Reserves ⓘ	53	54	57	58	65	78	78	79	82	89
Debt +	21	28	28	27	21	16	11	12	10	8
Long Term Debt	20	27	27	24	21	16	11	12	10	6
Short Term Debt	2	1	1	3	0	0	0	0	0	2
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	7	6	5	4	11	17	2	2	2	3
Others Liabilities ⓘ	82	71	51	69	70	61	62	56	55	62
Total Liabilities ⓘ	178	172	155	172	182	186	168	163	163	176
Fixed Assets
Net Fixed Assets ⓘ +	7	6	6	5	5	5	4	4	4	5
Gross Block	10	10	7	7	7	7	7	7	7	8
Accumulated Depreciation	3	4	1	1	2	2	2	3	3	3
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	3	3	3	0	0	0	0	0	0	0
Inventories	101	104	97	112	83	63	63	70	63	65
Trade Receivables	44	40	30	34	38	35	37	34	31	30
Cash Equivalents	1	0	0	1	4	7	2	1	0	0
Others Assets ⓘ	23	19	19	20	52	76	62	53	65	76
Total Assets ⓘ	178	172	155	172	182	186	168	163	163	176

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	15	8	2	-6	28	13	-1	-1	-2	1
PBT ⓘ	3	2	1	1	10	17	1	0	4	10
Adjustment ⓘ	3	2	5	6	6	2	0	-1	-5	-2
Changes in Working Capital ⓘ	9	5	-5	-13	14	-2	-2	-0	-0	-5
Tax Paid ⓘ	-0	-0	-0	-0	-2	-4	-0	-0	-1	-3
Cash Flow From Investing Activity ⓘ +	0	0	0	3	0	1	2	2	6	2
Capex	0	-0	0	-0	0	-0	-0	-0	-0	-1
Net Investments	0	0	0	3	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	2	2	2	6	3
Cash Flow From Financing Activity ⓘ	-16	-9	-3	4	-25	-11	-6	-2	-5	-3
Net Proceeds from Shares ⓘ +	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	-4	-7	-8	-2	-4	-1	-4	-4
Interest Paid ⓘ	-2	-2	-5	-6	-6	-3	-2	-0	-1	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-14	-7	6	16	-11	-5	-0	0	-0	2
Net Cash Flow ⓘ	-2	-0	-1	1	3	3	-5	-1	-1	-0

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	3.29	1.99	1.74	1.15	9.12	14.81	0.55	0.32	3.13	7.47
ROCE (%)	4.64	3.09	2.84	1.42	10.59	16.13	1.08	0.64	4.51	9.96
Asset Turnover Ratio	0.24	0.06	0.04	0.04	0.39	0.36	0.03	0.03	0.07	0.12
PAT to CFO Conversion(x)	7.5	8	2	-6	4	1	-1	N/A	-0.67	0.14
Working Capital Days
Receivable Days	365	1,342	2,201	1,608	192	200	2,364	2,448	986	562
Inventory Days	879	3,285	6,283	5,212	520	398	4,145	4,595	2,021	1,196
Payable Days	67	537	0	580	56	127	963	2,284	90	326

About Garnet Construction Ltd

Garnet Construction Limited, is a decade old professional real estate property developer organization with a proven track record of property performance and client satisfaction. The company designs its projects to cater individual and institutional buyers.

Delivering projects on time and within an established budget is the key to companyâ€™s success. The company believes in fulfilling its customers requirement at â€œone stopâ€ by rendering all the services.

The indepth knowledge of land developing has led it to an opportunity to develop over a total of about 400 acres of land for diverse projects including commercial and residential projects.

Garnet Construction Ltd. was established primarily to develop, manage and lease industrial plots and sheds. Since then it extended its services to offer clients a variety of real estate related services as well which includes residential plots at khopoli and bungalow plots at lonavala.

Due to persistent, innovative and dynamic team efforts of all the directors, the group today stands poised as consistent and most trust worthy real estate group in Mumbai. Over the span, the group has grown from strength to strength having completed number of projects and gained complete faith in time honoured concepts of Quality, Excellence Design and Construction.

The different projects of the company range from residential to industrial:

Residential Projects

Magic Hills - Just on the outskirts of Mumbai, but still strategically connected to the metro by road and rail is village Ambivali. Although the place is bit distanced from the metro hustle-bustle, it provides the right ambience for a comfortable lifestyle. Moreover the location is adjacent to Navi Mumbai airport, Chowk Rail station and the Express highway. Considering its strategic location, we earmarked it for our prestigious housing complex.
Crystal Springs Residences in Lonavla offers 2, 3 and 4 bedroom bungalows. The Crystal Springs project was planned, designed and executed as high definition residences for Indians and NRIs.

Industrial Projects

Neelkanth Industrial Estate - Industrial estate at Khalapur in Raigad district. Spread over gigantic 1.40 lakh square feet land, this industrial estate houses 43 plots, shed and galas for large, medium and small-scale enterprises.
Arkose Industrial Estate on the Mumbai-Pune highway - Arkose Industrial Estate and Aditya Industrial Estate are spread across 13 acres and 8 acres of land respectively. Their proximity to the town and highway ensure that they are well connected to both the prime business areas of Maharashtra - Mumbai and Pune.
Emerald Industrial Estate - Emerald Industrial Estate, spread over 4 lakh square feet of expanse comprises of 49 plots and is situated just 3 kms from the Mumbai - Pune highway. The location is a melting pot of several industries and thereby has all the facilities necessary for large, medium and small-scale industries.
Panchsheel Industrial Estate - This estate too offers tremendous scope for industries. Spread across 11-lac square feet land, this estate houses 61 fully developed plots and is at a distance of 4 kms from the Mumbai-Pune Express highway.

The company in 2007 entered into a 50:50 joint venture (JV) with the Dubai-based Sternon Group to develop properties in Europe - with a prime focus on Sweden, and Mauritius, off the African coast.

Future plans

The company has one of its projects planned in Goa which is a 110-room resort, clubhouses, residential cottages and restaurants.

The company is also planning a resort in Panchgani.The projected resort, to be developed on B.O.T basis, comprises of 60 residential cottages, clubhouses and restaurants. Apart from these, the company is also planning one project in Hydrabad and Khopoli.

Recent developments

Garnet Construction has decided to convert the 60,00,000 convertible warrants into equity shares.

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● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Garnet Construction Ltd (526727) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Garnet Construction Share Price