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Garnet Construction Ltd (526727)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526727 NSE: Construction - Real Estate | Small Cap | Garnet Construction Share Price

₹70.43 -1.16 (-1.62%)

As on 03-Jul'26 16:59

Garnet Construction Ltd (526727)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526727 NSE: Construction - Real Estate | Small Cap | Garnet Construction Share Price

₹70.43 -1.16 (-1.62%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹98 Cr.
Current Price
₹70.4
52-Week Low / High
₹33 / 116
TTM EPS
₹28.4
TTM Sales
₹82.8 Cr.
Book Value per Share
₹102.4
P/E Ratio
2.48
Lower than its 5-year historical median
Industry PE
48.8
Price to Book (P/B)
0.69
Higher than its 5-year historical median
Price to Sales (P/S)
1.18
Lower than its 5-year historical median
EV/EBITDA
1.95
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
7.47%
Outperforms industry median
Return on Capital Employed (ROCE)
9.96%
Outperforms industry median
Return on Assets (ROA)
4.37%
Operating Profit Margin
48.6%
Net Profit Margin
46.03%
Gross Profit Margin
52.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
44.56%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
152.04%
Asset Quality
Promoter Holding
61.29%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹128 Cr.
Equity
₹13.9 Cr.
Face Value
₹10
All Time Low / High
₹1.50 / 126.80

Garnet Construction stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Garnet Construction Ltd a good quality company?
Garnet Construction Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Garnet Construction Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Garnet Construction Ltd vs industry peers?
Garnet Construction Ltd revenue CAGR is -25.12%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Garnet Construction Ltd?
Promoters hold 61.29% of the Garnet Construction Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Garnet Construction Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 21.4% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Garnet Construction Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.6%3.1%2.8%1.4%10.6%16.1%1.1%0.6%4.5%10%-
Value Creation
Index
-0.7-0.8-0.8-0.9-0.20.2-0.9-1.0-0.7-0.3-

Growth Parameters

Sales 46.311.45.87.368.466.95.6211.116.183
Sales YoY Gr.--75.5%-48.7%25.4%836.6%-2.2%-91.7%-63.9%453.7%44.6%-
Adj EPS 1.610.90.64.99.10.20.22.15.328.4
YoY Gr.--39%-10.3%-32.2%735.6%84.6%-97.5%-8.7%909.5%151.4%-
BVPS (₹) 48.249.251.351.956.96666.466.668.774102.4
Adj Net
Profit
2.21.41.20.86.912.70.30.32.97.439
Cash Flow from Ops. 14.58.41.6-5.827.812.9-1.1-1.4-2.30.6-
Debt/CF from Ops. 2.94.222.9-811.6-14.9-10.5-4.514.7-

CAGR

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%
BVPS4.9%5.4%3.7%7.7%
Share Price 14.6% 19.7% 68.2% 107%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.421.71.29.114.80.40.33.17.532.2
Op. Profit
Mgn %
12.733.85817.31724.5-22.4-68.4-17.648.661.3
Net Profit
Mgn %
4.811.920.911.31018.95.714.526.44647.7
Debt to
Equity
0.60.50.50.70.40.20.20.20.10.10.1
Working Cap
Days
1,4505,3039,6777,80490594911,02211,0104,8023,074737
Cash Conv.
Cycle
1,1894,2958,3656,6296574695,6936,8122,9391,647490

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales46.2611.355.827.3068.3766.865.572.0111.1316.09
Operating Expenses + 40.477.522.456.0456.7350.486.813.3913.088.27
Manufacturing Costs5.891.420.180.130.380.100.100.090.130.13
Material Costs32.394.410.112.8549.7240.683.690.399.362.71
Employee Cost 0.560.460.520.851.091.900.970.831.241.85
Other Costs 1.631.231.642.205.547.802.062.092.353.58
Operating Profit 5.793.833.381.2711.6416.37-1.25-1.38-1.957.82
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 + 0.400.070.170.810.681.622.522.417.063.32
Exceptional Items 0000000.27000
Interest 2.431.671.540.442.230.670.480.240.720.93
Depreciation 0.860.620.540.470.350.330.350.330.290.31
Profit Before Tax 2.901.611.461.179.74170.710.464.099.90
Tax 0.730.260.250.352.854.350.200.171.152.49
Profit After Tax 2.171.351.210.826.8912.650.510.292.947.41
PAT Margin (%) 4.7%11.9%20.9%11.3%10.1%18.9%9.2%14.5%26.4%46.0%
Adjusted EPS (₹)1.61.00.90.65.09.10.40.22.15.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Garnet Construction - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 67.0268.3771.3472.1779.0891.7592.2592.5995.52102.90
Share Capital 13.9013.9013.9013.9013.9013.9013.9013.9013.9013.90
Reserves 53.1254.4757.4458.2765.1877.8478.3478.6881.6188.99
Debt +21.4427.6227.8027.2321.3216.4811.1411.779.888.08
Long Term Debt19.6326.8727.3024.2620.8516.4811.1411.779.885.65
Short Term Debt1.820.750.502.970.4700002.43
Minority Interest0000000000
Trade Payables7.455.525.044.0211.3716.962.502.342.272.57
Others Liabilities 81.6970.7650.6868.6670.3161.3162.5055.8055.4361.97
Total Liabilities 177.60172.27154.87172.08182.07186.49168.38162.50163.09175.52

Fixed Assets

Net Fixed Assets +6.716.105.565.124.824.784.484.213.954.59
Gross Block9.999.976.576.606.646.936.836.896.927.87
Accumulated Depreciation3.273.871.011.471.822.152.352.682.973.28
CWIP 0000000000
Investments 3.073.073.030.03000000
Inventories100.57103.7996.71111.8582.8363.0563.3569.6363.3565
Trade Receivables43.5839.9230.3234.0338.0535.3836.7034.1630.7529.54
Cash Equivalents 0.610.450.130.784.217.252.201.330.070.06
Others Assets 23.0518.9419.1320.2752.1676.0261.6453.1764.9776.33
Total Assets 177.60172.27154.87172.08182.07186.49168.38162.50163.09175.52

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 14.538.411.61-5.8427.7712.94-1.07-1.40-2.330.58
PBT 2.901.611.461.179.74170.710.464.099.90
Adjustment 3.102.215.246.016.062.140.08-1.41-4.94-1.99
Changes in Working Capital 8.944.71-4.76-12.7413.81-1.71-1.65-0.23-0.31-4.83
Tax Paid -0.41-0.12-0.33-0.28-1.83-4.48-0.22-0.22-1.18-2.50
Cash Flow From Investing Activity + 0.250.060.162.970.171.332.452.045.942.31
Capex 0.01-00.01-0.030-0.26-0.03-0.06-0.03-0.93
Net Investments 00030.0200000
Others 0.240.070.1500.151.592.482.105.983.24
Cash Flow From Financing Activity -16.48-8.62-2.904.35-24.52-11.22-6.42-1.51-4.88-2.89
Net Proceeds from Shares + 0000000000
Net Proceeds from Borrowing 00-4.10-6.57-7.67-2.41-4.23-1.27-4.15-4.39
Interest Paid -2.42-1.66-4.84-5.52-5.86-3.37-2.19-0.24-0.72-0.93
Dividend Paid 0000000000
Others -14.07-6.976.0316.44-10.99-5.45-00-02.43
Net Cash Flow -1.71-0.16-1.121.483.433.05-5.05-0.87-1.26-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.291.991.741.159.1214.810.550.323.137.47
ROCE (%)4.643.092.841.4210.5916.131.080.644.519.96
Asset Turnover Ratio0.240.060.040.040.390.360.030.030.070.12
PAT to CFO Conversion(x)6.76.231.33-7.124.031.02-2.1-4.83-0.790.08
Working Capital Days
Receivable Days364.501,342.402,2011,607.80192.40200.502,363.702,448.20986.40561.80
Inventory Days8793,285.406,283.205,211.80519.70398.204,144.704,594.702,020.601,196
Payable Days66.60537.20058056.50127.10963.302,283.9089.90326.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Garnet Construction Ltd FAQs

The current trading price of Garnet Construction on 03-Jul-2026 16:59 is ₹70.43.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Jul-2026 the market cap of Garnet Construction stood at ₹97.91 Cr

The latest P/E ratio of Garnet Construction as of 02-Jul-2026 is 2.48.

The latest P/B ratio of Garnet Construction as of 02-Jul-2026 is 0.69.

The 52-week high of Garnet Construction is ₹116.0 and the 52-week low is ₹33.48.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Garnet Construction is ₹82.82 ( Cr.) .

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

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

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.

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 company’s success. The company believes in fulfilling its customers requirement at “one stop” 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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