Garnet Construct

Why is Garnet Construction Ltd falling/rising?

As of 10-Jun, Garnet Construction Ltd's stock price is at 75.73, down 3.47% and underperforming its sector. Despite strong financial results, recent declines in price and trading volume indicate a lack of investor confidence and a bearish trend.

As of 10-Jun, Garnet Construction Ltd's stock price is falling, currently at 75.73, reflecting a change of -2.72 (-3.47%). The stock has underperformed its sector by 1.6% today, with a day's low of Rs 73.1, indicating significant downward pressure. Over the past week, the stock has decreased by 6.81%, and it has also seen a substantial decline of 14.66% over the past month. <BR><BR>Despite positive financial results over the last four quarters, including a return on capital employed (ROCE) of 35.71% and a profit after tax (PAT) increase of 432.7% year-over-year, the stock's recent performance suggests a lack of investor confidence. The delivery volume has dropped significantly by 71.34% compared to the five-day average, indicating falling investor participation. Additionally, while the stock is trading above its 200-day moving average, it is below its shorter-term moving averages, which may signal a bearish trend.<BR><BR>Overall, the combination of recent price declines, reduced trading volume, and underperformance against the sector contributes to the current downward movement of Garnet Construction Ltd's stock price.

What does Garnet Construct do?

Garnet Construction Ltd is a micro-cap realty company focused on self-funded project development, with a market cap of INR 106 Cr and reported net sales of 10 Cr and net profit of 5 Cr for March 2026. It was incorporated in 1992 and is listed on the National and Bombay Stock Exchanges.

Overview: <BR>Garnet Construction Ltd is a micro-cap company operating in the realty industry, focusing on self-funded project development.<BR><BR>History: <BR>Garnet Construction Ltd was incorporated on October 15, 1992, in Mumbai as a Public Limited Company and was listed on the National Stock Exchange and Bombay Stock Exchange on December 15, 1994. The latest quarterly results reported net sales and net profit for March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 10 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 5 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 106 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>P/E: 3.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.06 <BR>Return on Equity: 27.73% <BR>Price to Book: 0.77 <BR><BR>Contact Details: <BR>Address: 501/531 Laxmi Mall New Link Rd, Laxmi Indl Estate Andheri (W) Mumbai Maharashtra : 400053 <BR>Tel: 91-22-42578500 <BR>Email: garnet@garnetconstructions.com <BR>Website: http://www.garnetconstructions.com

Which are the latest news on Garnet Construct?

Should I buy, sell or hold Garnet Construction Ltd?

When is the next results date for Garnet Construction Ltd?

The next results date for Garnet Construction Ltd is 30 May 2026.

The next results date for Garnet Construction Ltd is scheduled for 30 May 2026.

Is Garnet Construct overvalued or undervalued?

As of November 17, 2025, Garnet Construct is considered an attractive investment due to its strong financial ratios indicating undervaluation, including a PE ratio of 3.98 and an impressive year-to-date return of 97.83%, significantly outperforming its peers and the market.

As of 17 November 2025, Garnet Construct's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as undervalued based on its strong financial ratios, including a PE ratio of 3.98, an EV to EBIT of 3.50, and a PEG ratio of 0.02. These figures suggest that Garnet Construct is trading at a significant discount compared to its earnings potential.<BR><BR>In comparison to its peers, Garnet Construct stands out with a much lower PE ratio than DLF, which has a PE of 43.02, and Lodha Developers at 36.61. Additionally, its EV to EBITDA ratio of 3.46 is considerably more favorable than the industry average, further supporting the undervaluation thesis. The company's recent stock performance has also been impressive, with a year-to-date return of 97.83%, significantly outpacing the Sensex's return of 8.72%, reinforcing the notion that Garnet Construct is a compelling investment opportunity.

How has been the historical performance of Garnet Construct?

Garnet Construct has experienced significant declines in net sales, operating income, and profits from March 2016 to March 2019, with net sales dropping from 46.26 Cr to 7.30 Cr and operating profit decreasing from 6.26 Cr to 2.05 Cr. Additionally, cash flow from operating activities turned negative in March 2019, indicating operational challenges.

Answer:<BR>The historical performance of Garnet Construct shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Garnet Construct's net sales peaked at 46.26 Cr in March 2016 but have since declined to 7.30 Cr by March 2019. The total operating income followed a similar trend, decreasing from 46.26 Cr in March 2016 to 7.30 Cr in March 2019. Operating profit (PBDIT) also saw a decline from 6.26 Cr in March 2016 to 2.05 Cr in March 2019, with the operating profit margin dropping from 12.49% to 16.99% during the same period. Profit before tax decreased from 2.89 Cr in March 2016 to 1.15 Cr in March 2019, while profit after tax fell from 2.14 Cr to 0.80 Cr. The company's total liabilities decreased from 212.86 Cr in March 2015 to 189.63 Cr in March 2019, and total assets also saw a decline from 196.87 Cr to 189.63 Cr. Cash flow from operating activities turned negative in March 2019, recording -5.00 Cr, contrasting with positive cash flows in previous years. Overall, Garnet Construct has experienced a downward trend in sales, profits, and cash flow, indicating challenges in its operational performance.

Are Garnet Construct latest results good or bad?

Garnet Construction's latest results are very positive, with a Profit Before Tax of Rs 24.37 crore, up 1386% from the previous average, and a Profit After Tax of Rs 18.21 crore, reflecting an 883% increase. The company also reported significant growth in net sales and operating profit, indicating strong overall performance.

Garnet Construction's latest results are very positive. For the quarter ending June 2025, the company reported a Profit Before Tax (PBT) of Rs 24.37 crore, which is an astonishing increase of 1386% compared to the average PBT of Rs 1.64 crore from the previous four quarters. Additionally, the Profit After Tax (PAT) rose to Rs 18.21 crore, reflecting an 883% growth from the average PAT of Rs 1.85 crore in the prior four quarters.<BR><BR>The company's net sales for the latest six months reached Rs 39.64 crore, marking a year-on-year increase of 79.85%, significantly surpassing the previous twelve-month sales of Rs 23.70 crore. Furthermore, Garnet Construction achieved its highest operating profit in the last five quarters at Rs 24.63 crore, and the Earnings per Share (EPS) peaked at Rs 13.10.<BR><BR>Overall, these results indicate a strong upward trend in Garnet Construction's operational performance, showcasing substantial growth across key financial metrics.

How big is Garnet Construct?

As of 24th July, Garnet Construction Ltd has a market capitalization of 52.00 Cr, with recent Net Sales of 44.88 Cr and a Net Profit of 19.10 Cr. Shareholder's Funds are 72.24 Cr and Total Assets amount to 189.63 Cr as of March 2019.

As of 24th July, Garnet Construction Ltd has a market capitalization of 52.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Garnet Construction reported Net Sales of 44.88 Cr and a Net Profit of 19.10 Cr.<BR><BR>The latest annual period for the balance sheet is March 2019, with Shareholder's Funds amounting to 72.24 Cr and Total Assets of 189.63 Cr.

Who are the top shareholders of the Garnet Construct?

The top shareholders of Garnet Construct include Kishan Kumar J Kedia, who holds 29.37%, and Garnet Capital Finance Ltd, the largest public shareholder at 2.98%. Individual investors collectively own 31.66%, with no mutual funds or foreign institutional investors involved.

The top shareholders of Garnet Construct include the promoters, who hold the majority of the shares. The promoter with the highest holding is Kishan Kumar J Kedia, owning 29.37% of the company. Additionally, Garnet Capital Finance Ltd is the highest public shareholder, holding 2.98%. Individual investors collectively hold 31.66% of the shares. Notably, there are no mutual funds or foreign institutional investors (FIIs) involved in the shareholding.

Who are the peers of the Garnet Construct?

Garnet Construct's peers include Golden Tobacco, Simplex Realty, Citadel Realty, Grovy India, Country Condo, Modipon, Tirupati Sarjan, Tatia Global, Prime Urban, and Martin Burn. Citadel Realty leads in 1-year returns at 104.73%, while Garnet Construct has a return of 39.56%.

Peers: The peers of Garnet Construct are Golden Tobacco, Simplex Realty, Citadel Realty, Grovy India, Country Condo, Modipon, Tirupati Sarjan, Tatia Global, Prime Urban, and Martin Burn.<BR><BR>Quality Snapshot: Excellent capital structure is observed at Grovy India, while Average management risk is found at Citadel Realty and Garnet Construct. Below Average management risk is noted at Simplex Realty, Country Condo, Tirupati Sarjan, Tatia Global, and Martin Burn, and the rest. Below Average growth is seen at Simplex Realty, Citadel Realty, Country Condo, Garnet Construct, Tirupati Sarjan, and Martin Burn, while Good growth is noted at Tatia Global, and the rest.<BR><BR>Return Snapshot: Citadel Realty has the highest 1-year return at 104.73%, while Modipon has the lowest at -51.96%. Garnet Construct's 1-year return of 39.56% is significantly higher than Modipon's but lower than Citadel Realty's. Additionally, Modipon and Tirupati Sarjan are among the peers with negative six-month returns.

Who are in the management team of Garnet Construct?

As of March 2022, the management team of Garnet Construct includes Kishan Kumar Kedia (Chairman & Managing Director), Arun Kedia (Director of Marketing), Sanjay Kumar Kedia (Director of Finance), and three Independent Directors: Shriromani Chauhan, Jitendra Jadhav, and Sirya Vakil Siddiqui, along with Neha Verma as Company Secretary & Compliance Officer. They oversee the company's operations and strategic direction.

As of March 2022, the management team of Garnet Construct includes the following individuals:<BR><BR>1. Kishan Kumar Kedia - Chairman & Managing Director<BR>2. Arun Kedia - Director (Marketing)<BR>3. Sanjay Kumar Kedia - Director (Finance)<BR>4. Shriromani Chauhan - Independent Director<BR>5. Jitendra Jadhav - Independent Director<BR>6. Sirya Vakil Siddiqui - Independent Director<BR>7. Neha Verma - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What is the technical trend for Garnet Construct?

As of May 12, 2025, Garnet Construct's technical trend is mildly bearish, influenced by mixed signals from MACD and moving averages, with weekly indicators showing a mildly bullish stance while monthly indicators lean bearish.

As of 12 May 2025, the technical trend for Garnet Construct has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The RSI is bearish on the weekly timeframe, with no signal on the monthly. Bollinger Bands are bullish weekly but mildly bearish monthly. Daily moving averages are mildly bearish, and KST reflects a mildly bullish trend weekly and mildly bearish monthly. Dow Theory supports a mildly bullish outlook on both weekly and monthly timeframes. Overall, the current technical stance is mildly bearish, driven primarily by the mixed signals from MACD and moving averages.

Has Garnet Construct declared dividend?

No Dividend History Available