Stock Price Movement and Market Context
On 24 Nov 2025, Garnet International’s shares 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 also showed the stock underperforming its sector by 3.25%, reflecting pressures specific to the NBFC segment.
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 frames.
In contrast, the broader market has exhibited resilience. The Sensex opened 88.12 points higher and was trading at 85,461.60, up 0.27% on the day. The index is approaching its 52-week high of 85,801.70, 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 average, signalling a bullish trend for the market overall.
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Long-Term Performance and Valuation Metrics
Over the past year, Garnet International’s stock has recorded a return of -42.56%, a stark contrast to the Sensex’s 7.97% gain during the same period. The stock’s 52-week high was Rs.181, underscoring the extent of the decline to the current low of Rs.69.2.
Financially, the company’s long-term indicators reveal subdued growth. Net sales have shown a negative annual growth rate of 7.76%, while the average Return on Equity (ROE) stands at 4.73%, reflecting limited profitability relative to shareholder equity. These metrics suggest challenges in expanding the company’s revenue base and generating returns comparable to industry standards.
Additionally, promoter shareholding dynamics have added pressure. Approximately 25.53% of promoter shares are pledged, with this proportion increasing by 14% over the last quarter. In declining markets, elevated pledged shares can exert additional downward pressure on stock prices, as forced selling or margin calls may arise.
Recent Quarterly Financial Results
Despite the stock’s price challenges, Garnet International reported positive quarterly results in September 2025 following flat results in June 2025. The company’s Profit Before Depreciation, Interest, and Taxes (PBDIT) 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 in the recent period.
These figures indicate some operational improvements, although they have not translated into upward stock price movement. The company’s ROE for the quarter was 10.3, and it is trading at a Price to Book Value ratio of 3.5, which is lower than the average historical valuations of its peers in the NBFC sector.
Over the past year, while the stock price has declined by 42.56%, the company’s profits have risen by 13.5%. The Price/Earnings to Growth (PEG) ratio stands at 2.6, reflecting the relationship between valuation and earnings growth.
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Sector and Market Comparison
Garnet International operates within the NBFC sector, which has experienced mixed performance amid evolving regulatory and economic conditions. The stock’s underperformance relative to the BSE500 index, which generated returns of 6.73% over the last year, highlights the divergence between the company’s trajectory and broader market trends.
The company’s market capitalisation grade is relatively low, reflecting its smaller size and limited market presence compared to larger NBFCs. This positioning can contribute to higher volatility and sensitivity to sector-specific developments.
While the Sensex and mega-cap stocks have shown strength, Garnet International’s share price has not aligned with this positive momentum, underscoring the distinct challenges faced by the company.
Summary of Key Price and Financial Indicators
To summarise, Garnet International’s stock price has reached Rs.69.2, its lowest level in 52 weeks, following a period of sustained decline. The stock’s technical indicators show it trading below all major moving averages, signalling persistent downward pressure.
Financially, the company’s long-term growth and profitability metrics remain subdued, with negative net sales growth and modest ROE. The increase in pledged promoter shares adds an additional layer of complexity to the stock’s price dynamics.
Recent quarterly results have shown some improvement in profitability, but these have not yet influenced the stock’s market performance. The company’s valuation metrics suggest it is trading at a discount relative to peers, though this has not translated into price stability.
Overall, Garnet International’s current stock price reflects a combination of sectoral headwinds, company-specific financial trends, and market sentiment, set against a backdrop of a broadly positive market environment.
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