Garnet International Ltd Stock Falls to 52-Week Low of Rs.42

Stock Price Movement and Market Context

On 9 Jan 2026, Garnet International Ltd’s share price fell sharply to Rs 42, representing a decline of 8.00% on the day and an intraday low of Rs 42, down 10.35% from previous levels. This marks the lowest price point for the stock in the past 52 weeks, a stark contrast to its 52-week high of Rs 181. The stock has experienced a consecutive two-day fall, losing 8.52% over this period, and has underperformed its sector by 6.32% today.

The stock’s volatility was notably high, with an intraday volatility of 6.23% calculated from the weighted average price, indicating significant price fluctuations during the trading session. Additionally, Garnet International Ltd is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bearish trend.

In comparison, the broader market showed mixed signals. The Sensex opened lower at 84,022.09, down 158.87 points (-0.19%), and was trading marginally down at 84,174.06 (-0.01%) during the session. The Sensex remains 2.36% below its 52-week high of 86,159.02. Mid-cap stocks led the market with the BSE Mid Cap index gaining 0.17% today, highlighting a divergence between Garnet International Ltd’s performance and broader market segments.

Long-Term Performance and Financial Metrics

Over the past year, Garnet International Ltd has delivered a negative return of -74.94%, significantly underperforming the Sensex, which posted an 8.43% gain over the same period. The stock’s long-term performance has also lagged behind the BSE500 index across one-year, three-year, and three-month timeframes, underscoring persistent underperformance.

Fundamental analysis reveals weak long-term financial health. The company’s average Return on Equity (ROE) stands at 4.73%, which is considered modest for the NBFC sector. Net sales have declined at an annual rate of -7.76%, indicating contraction in revenue generation over recent years. These factors contribute to the stock’s current valuation challenges and subdued market sentiment.

Promoter Shareholding and Market Pressure

One notable concern is the high proportion of pledged promoter shares, which currently stands at 25.53%. This level of pledged shares has increased by 14% over the last quarter, adding potential downward pressure on the stock price, especially in falling markets. Elevated pledged shareholding can limit promoter flexibility and may influence market perceptions negatively.

The company’s market capitalisation grade is rated 4, reflecting its relatively modest size within the NBFC sector. Garnet International Ltd’s Mojo Score is 32.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell rating on 22 Dec 2025. This adjustment indicates a slight improvement in outlook, though the overall assessment remains cautious.

Recent Quarterly Financial Performance

Despite the stock’s price decline, the company reported positive quarterly results in September 2025 following flat results in June 2025. The Profit Before Depreciation, Interest, and Taxes (PBDIT) for the quarter reached Rs 1.76 crore, the highest recorded in recent quarters. Profit Before Tax excluding Other Income (PBT less OI) was Rs 2.80 crore, while Profit After Tax (PAT) stood at Rs 2.81 crore, also the highest quarterly figure.

These results suggest some operational improvements, although they have not yet translated into sustained stock price gains. The company’s ROE for the quarter improved to 10.3%, and it is trading at a Price to Book Value of 2.2, which is considered very attractive relative to its peers’ historical valuations.

Over the past year, while the stock price has declined by nearly 75%, the company’s profits have increased by 13.5%, resulting in a Price/Earnings to Growth (PEG) ratio of 1.6. This divergence between earnings growth and stock price performance highlights the complex dynamics affecting investor sentiment and valuation.

Valuation and Comparative Analysis

Garnet International Ltd’s current valuation metrics indicate a discount relative to its peers in the NBFC sector. The Price to Book Value of 2.2 is below the average historical valuations of comparable companies, suggesting that the stock is trading at a relatively lower premium despite recent profit growth.

However, the company’s weak long-term growth trajectory, as evidenced by a negative annual net sales growth rate of -7.76%, and modest average ROE of 4.73%, continue to weigh on its overall market standing. The stock’s underperformance relative to the BSE500 index over multiple time horizons further emphasises the challenges faced by the company in regaining investor confidence.

Market participants will note that the Sensex, despite opening lower today, remains close to its 52-week high and is supported by mid-cap gains, contrasting with Garnet International Ltd’s ongoing price weakness. This divergence highlights the stock’s specific difficulties within the broader market context.

Summary of Key Metrics

To summarise, Garnet International Ltd’s stock has reached a 52-week low of Rs 42, reflecting a significant decline from its peak of Rs 181. The stock’s recent performance includes:

• Two consecutive days of losses, with an 8.52% decline over this period


• Underperformance relative to its sector by 6.32% on the latest trading day


• Trading below all major moving averages, indicating a sustained downtrend


• High promoter share pledge at 25.53%, increased by 14% in the last quarter


• Negative one-year return of -74.94%, compared to Sensex’s positive 8.43%


• Modest average ROE of 4.73% and negative net sales growth of -7.76% annually


• Recent quarterly profit improvements, with highest PBDIT, PBT less OI, and PAT recorded


• Attractive valuation metrics with a Price to Book Value of 2.2 and PEG ratio of 1.6

These factors collectively illustrate the complex environment in which Garnet International Ltd’s stock is currently trading, marked by valuation discounts amid ongoing financial and market pressures.

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