Stock Price Movement and Market Context
On 24 Nov 2025, Garnet International’s share price touched an intraday low of Rs.69.2, representing a 7.79% drop within the trading session. This decline contributed to a two-day consecutive fall, with the stock losing 4.53% over this period. The day’s performance saw the stock underperform its sector by 3.25%, reflecting pressure relative to its NBFC peers.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained downward momentum over multiple time horizons.
In contrast, the broader market has shown resilience. The Sensex opened 88.12 points higher and was trading at 85,466.86, up 0.28% on the day. The index is nearing its 52-week high of 85,801.70, just 0.39% away, supported by a three-week consecutive rise and leadership from mega-cap stocks. The Sensex’s 50-day moving average remains above its 200-day moving average, signalling a bullish trend overall.
Long-Term Performance and Valuation Metrics
Over the past year, Garnet International’s stock has recorded a negative return of 42.56%, a stark contrast to the Sensex’s 7.97% gain and the BSE500’s 6.73% positive return. This underperformance underscores the challenges faced by the company relative to the broader market and its sector.
The stock’s 52-week high was Rs.181, indicating a substantial decline from its peak to the current low of Rs.69.2. This wide price range reflects significant volatility and investor caution over the last twelve months.
From a valuation perspective, Garnet International’s price-to-book value stands at 3.5, which is lower than the average historical valuations of its peers. The company’s return on equity (ROE) averaged 4.73% over the long term, suggesting modest profitability relative to shareholder equity. However, the recent quarterly ROE improved to 10.3%, coinciding with a rise in profits.
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Financial Growth and Profitability Trends
Garnet International’s net sales have shown a negative compound annual growth rate of 7.76%, indicating contraction in revenue over the longer term. Despite this, the company reported positive quarterly results in September 2025, following flat results in June 2025.
The quarterly PBDIT (Profit Before Depreciation, Interest and Taxes) reached Rs.1.76 crore, the highest recorded in recent quarters. Similarly, the PBT (Profit Before Tax) excluding other income was Rs.2.80 crore, and the PAT (Profit After Tax) stood at Rs.2.81 crore, also the highest quarterly figures to date. These results suggest some improvement in operational profitability despite the broader revenue challenges.
Profit growth over the past year was recorded at 13.5%, while the PEG ratio, which relates price-to-earnings to growth, is at 2.6. This indicates that while profits have risen, the stock price has not reflected this improvement, contributing to the current valuation discount.
Shareholding and Pledged Shares Impact
One notable factor influencing the stock’s performance is the proportion of promoter shares pledged. Currently, 25.53% of promoter holdings are pledged, which has increased by 14% over the last quarter. Elevated pledged shares can exert additional downward pressure on stock prices, particularly in declining markets, as it may lead to forced selling or heightened investor caution.
This dynamic adds to the challenges faced by Garnet International in stabilising its share price amid market fluctuations.
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Sector and Industry Positioning
Garnet International operates within the Non Banking Financial Company (NBFC) sector, which has experienced mixed performance in recent times. While the broader market indices have shown strength, individual NBFC stocks have faced varying degrees of pressure due to sector-specific factors such as credit growth concerns and regulatory developments.
The company’s market capitalisation grade is relatively low, reflecting its smaller size and limited market presence compared to larger NBFC peers. This positioning may contribute to greater volatility and sensitivity to market sentiment.
Despite the current low price levels, Garnet International’s recent quarterly profit figures and improved ROE suggest some operational resilience. However, the stock’s trading below all major moving averages indicates that the market has yet to fully incorporate these positive developments into the share price.
Summary of Key Metrics
To summarise, Garnet International’s stock has reached a 52-week low of Rs.69.2, reflecting a significant decline from its 52-week high of Rs.181. The stock has underperformed the Sensex and its sector peers over the past year, with a total return of -42.56% compared to the Sensex’s 7.97% gain.
Financially, the company has shown contraction in net sales over the long term but has recorded improved quarterly profitability and ROE. The elevated level of pledged promoter shares remains a factor exerting downward pressure on the stock price. The current valuation at a price-to-book ratio of 3.5 is below peer averages, indicating a discount in market pricing relative to historical norms.
Overall, Garnet International’s recent price action and financial data reflect a complex interplay of market sentiment, sector dynamics, and company-specific factors.
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