Garnet Construction
GARNETCONSTRUCTIONLTD NSE
Garnet Construction
RealtyNSE: GARNETCONSTRUCTIONLTD BSE: 526727 Residential Commercial Projects
Key Fundamentals
MicrocapResidential Commercial ProjectsRealtyMarket Cap
₹77.54 Cr
Volatility
Moderate
P/E Ratio
3.7
EBITDA
₹2.10 Cr
Return on Equity
1.12%
Debt to Equity
0.06
Book Value
₹102.42
EPS
₹2.12
52W High
₹116
52W Low
₹46
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 0.50 times its book value
- Company has delivered good profit growth of 25.6% CAGR over last 5 years
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 300 days.
Growth Rate
Revenue Growth
35% lower than
3Y
Net Income Growth
-33.33% lower than
3Y
Cash Flow Change
-540% lower than
3Y
ROE
-33.33% lower than
3Y
ROCE
-45.7% lower than
3Y
EBITDA Margin (Avg.)
-57.07% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | 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 | 0.34 | 1.15 | 1.15 | 6.86 | 15.18 | 0.79 | 0.87 | -0.75 | 40.39 | 16.29 | 15.75 | 10.4 | -0.13 |
| Expenses | 0.77 | 1.35 | 1.35 | 9.58 | 5.2 | 1.38 | 1.1 | 0.61 | 15.76 | 7.33 | 1.97 | 7 | 0.62 |
| Operating Profit | -0.43 | -0.2 | -0.2 | -2.72 | 9.98 | -0.59 | -0.23 | -1.36 | 24.63 | 8.96 | 13.78 | 3.4 | -0.75 |
| OPM % | -126.47% | -17.39% | -17.39% | -39.65% | 65.74% | -74.68% | -26.44% | — | 60.98% | 55% | 87.49% | 32.69% | — |
| Other Income | 0 | 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 | 0.17 | 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 | 0.07 | 0.09 | 0.08 | 0.1 | 0.1 | 0.17 | 0.13 | 0.16 |
| PBT | -0.67 | 4.21 | 4.21 | -0.6 | 9.75 | -0.87 | -0.48 | 1.5 | 24.41 | 8.71 | 13.26 | 6.46 | -1.08 |
| Tax % | -1.49% | 20.67% | 20.67% | -1.67% | 25.64% | 0% | -4.17% | 0.67% | 25.4% | 24.91% | 24.51% | 26.78% | -2.78% |
| Net Profit | -0.67 | 3.34 | 3.34 | -0.6 | 7.25 | -0.87 | -0.46 | 1.49 | 18.21 | 6.53 | 10.01 | 4.72 | -1.04 |
| EPS in Rs | -0.48 | 2.4 | 2.4 | -0.43 | 5.22 | -0.63 | -0.33 | 1.07 | 13.1 | 4.7 | 7.2 | 3.4 | -0.75 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29 | 46 | 14 | 6 | 7 | 68 | 67 | 6 | 2 | 11 | 16 | 83 | 42 |
| Expenses | 23 | 40 | 11 | 2 | 6 | 57 | 50 | 7 | 3 | 13 | 8 | 32 | 17 |
| Operating Profit | 6 | 6 | 3 | 3 | 1 | 12 | 16 | -1 | -1 | -2 | 8 | 51 | 25 |
| OPM % | 21% | 13% | 22% | 58% | 17% | 17% | 24% | -22% | -69% | -18% | 49% | 61% | 60% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 2 | 7 | 3 | 4 | 3 |
| Interest | 3 | 2 | 2 | 2 | 0 | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| PBT | 3 | 3 | 1 | 1 | 1 | 10 | 17 | 1 | 0 | 4 | 10 | 53 | 27 |
| Tax % | 74% | 25% | 63% | 17% | 29% | 29% | 26% | 28% | 37% | 28% | 25% | 25% | — |
| Net Profit | 1 | 2 | 0 | 1 | 1 | 7 | 13 | 1 | 0 | 3 | 7 | 39 | 20 |
| EPS in Rs | 0.47 | 1.56 | 0.24 | 0.87 | 0.59 | 4.96 | 9.1 | 0.37 | 0.21 | 2.11 | 5.33 | 28.4 | 14.55 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -18 | 15 | 12 | 2 | -6 | 28 | 13 | -1 | -1 | -2 | 1 | -1 |
| Investing | 0 | 0 | 0 | 0 | 3 | 0 | 1 | 2 | 2 | 6 | 2 | 1 |
| Financing | 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 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Garnet Construction insights
58 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Raising of Funds
21 Apr - Garnet Construction confirms it is not a Large Corporate as of March 31, 2026. 21 Apr - Garnet Construction confirms it is not a Large Corporate as of March 31, 2026.
2
Announcement under Regulation 30 (LODR)-Raising of Funds
11h - Garnet Construction confirms it is not a Large Corporate as of March 31, 2026. 11h - Garnet Construction confirms it is not a Large Corporate as of March 31, 2026.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
20 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 20 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8h - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 8h - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
5
Outcome Of Board Meeting Updated Again With The Missing Annexure.
24 Mar - Promoter MD/CFO Kishankumar Kedia died; Chahat Kedia appointed director and Nikita Poddar appointed CFO on 23-03-2026. 24 Mar - Promoter MD/CFO Kishankumar Kedia died; Chahat Kedia appointed director and Nikita Poddar appointed CFO on 23-03-2026.
Frequently Asked Questions about Garnet Construction
What does Garnet Construction Ltd do?
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]
Where is Garnet Construction Ltd (526727) listed?
Garnet Construction Ltd trades as GARNETCONSTRUCTIONLTD on the NSE and under code 526727 on the BSE.
Which sector does Garnet Construction Ltd belong to?
Garnet Construction Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the market capitalisation of Garnet Construction Ltd?
Garnet Construction Ltd has a market capitalisation of ₹77.54 Cr, which places it in the Small Cap band.
What is the PE ratio of Garnet Construction Ltd?
Garnet Construction Ltd trades at a PE ratio of 3.70, on earnings per share of ₹2.12, against a book value of ₹102.42 per share.
What is the 52-week high and low of Garnet Construction Ltd?
Over the last 52 weeks Garnet Construction Ltd has traded between ₹46 and ₹116.
What is the Return on Equity (ROE) of Garnet Construction Ltd?
Garnet Construction Ltd reported a return on equity of 1.12%. Its debt-to-equity ratio is 0.06.
Company Information
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]
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