Garnet Construction Ltd.
Snapshot View

25.95 +0.60 ▲2.4%

20 May 2022, 11:36:00 AM
Volume: 3,147

Overview View Details

Sector Realty Compare with Sector peers
Industry Construction - Real Estate Compare with Industry peers
Website http://www.garnetconstructions.com
Market Cap 35.24 Cr.
Enterprise Value(EV) 46.38 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 0.37 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 69.10 Trailing Twelve Months Ending 2022-03
Industry PE 77.21 Trailing Twelve Months Ending 2022-03
Book Value / Share 66.35 Trailing Twelve Months Ending 2022-03
Price to Book Value 0.38 Calculated using Price: 25.35
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 1.39 Cr. 13,902,200 Shares
FaceValue 10
Company Profile

Garnet Construction Limited, is a decade old professional real estate property developer organization with a proven track record of property performance and client satisfaction. The company designs its projects to cater individual and institutional buyers.

Delivering projects on time and within an established budget is the key to company’s success. The company believes in fulfilling its customers requirement at “one stop” by rendering all the services.

The indepth knowledge of land developing has led it to an opportunity to develop over a total of about 400 acres of land for diverse projects including commercial and residential projects.

Garnet Construction Ltd. was established primarily to develop, manage and lease industrial plots and sheds. Since  then it extended its services to offer clients a variety of real estate related services as well which includes residential plots at khopoli and bungalow plots at lonavala.

Due to persistent, innovative and dynamic team efforts of all the directors, the group today stands poised as consistent and most trust worthy real estate group in Mumbai. Over the span, the group has grown from strength to strength having completed number of projects and gained complete faith in time honoured concepts of Quality, Excellence Design and Construction.

The different projects of the company range from residential to industrial:

Residential Projects

  • Magic Hills - Just on the outskirts of Mumbai, but still strategically connected to the metro by road and rail is village Ambivali. Although the place is bit distanced from the metro hustle-bustle, it provides the right ambience for a comfortable lifestyle. Moreover the location is adjacent to Navi Mumbai airport, Chowk Rail station and the Express highway. Considering its strategic location, we earmarked it for our prestigious housing complex.
  • Crystal Springs Residences in Lonavla offers 2, 3 and 4 bedroom bungalows. The Crystal Springs project was planned, designed and executed as high definition residences for Indians and NRIs.

Industrial Projects

  • Neelkanth Industrial Estate - Industrial estate at Khalapur in Raigad district. Spread over gigantic 1.40 lakh square feet land, this industrial estate houses 43 plots, shed and galas for large, medium and small-scale enterprises.
  • Arkose Industrial Estate on the Mumbai-Pune highway - Arkose Industrial Estate and Aditya Industrial Estate are spread across 13 acres and 8 acres of land respectively. Their proximity to the town and highway ensure that they are well connected to both the prime business areas of Maharashtra - Mumbai and Pune.
  • Emerald Industrial Estate - Emerald Industrial Estate, spread over 4 lakh square feet of expanse comprises of 49 plots and is situated just 3 kms from the Mumbai - Pune highway. The location is a melting pot of several industries and thereby has all the facilities necessary for large, medium and small-scale industries.
  • Panchsheel Industrial Estate - This estate too offers tremendous scope for industries. Spread across 11-lac square feet land, this estate houses 61 fully developed plots and is at a distance of 4 kms from the Mumbai-Pune Express highway.

The company in 2007 entered into a 50:50 joint venture (JV) with the Dubai-based Sternon Group to develop properties in Europe - with a prime focus on Sweden, and Mauritius, off the African coast.

Future plans

The company has one of its projects planned in Goa which is a 110-room resort, clubhouses, residential cottages and restaurants.

The company is also planning a resort in Panchgani.The projected resort, to be developed on B.O.T basis, comprises of 60 residential cottages, clubhouses and restaurants. Apart from these, the company is also planning one project in Hydrabad and Khopoli.

Recent developments

Garnet Construction has decided to convert the 60,00,000 convertible warrants into equity shares.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.37%
1 Week
+8.58%
1 Month
-10.21%
3 Month
-2.08%
6 Month
+22.70%
1 Year
+32.74%
2 Year
+202.80%
5 Year
+67.42%
10 Year
+77.62%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 1.77 3.63 1.02 3.29 1.99 1.74 1.15 9.12 14.81
Return on Capital Employed (%) 3.47 5.64 4.69 4.64 3.09 2.84 1.42 10.59 16.13
Return on Assets (%) 0.56 1.14 0.31 1.11 0.77 0.74 0.50 3.89 6.86

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 62 64 65 67 68 71 72 79 92 92
Non Curr. Liab. 14 26 37 22 28 27 24 22 17 12
Curr. Liab. 121 116 111 88 75 56 76 81 77 64
Minority Int.
Equity & Liab. 197 207 213 178 172 155 172 182 186 168
Non Curr. Assets 13 14 13 11 10 10 7 6 6 6
Curr. Assets 184 193 201 166 162 145 165 176 181 163
Misc. Exp. not W/O
Total Assets 197 207 213 178 172 155 172 182 186 168

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 21 6 29 46 11 6 7 68 67 6
Other Income 0 4 0 0 0 0 1 1 2 3
Total Income 21 10 29 47 11 6 8 69 68 8
Total Expenditure -17 -4 -23 -40 -8 -2 -6 -57 -50 -7
PBIDT 4 6 6 6 4 4 2 12 18 1
Interest -2 -3 -3 -2 -2 -2 0 -2 -1 0
Depreciation 0 0 -1 -1 -1 -1 0 0 0 0
Taxation 0 -1 -2 -1 0 0 0 -3 -4 0
Exceptional Items 0
PAT 1 2 1 2 1 1 1 7 13 1
Adjusted EPS 1 2 0 2 1 1 1 5 9 0

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -21 -5 8 -18 15 8 2 -6 28 13
Cash Fr. Inv. -8 5 3 0 0 0 0 3 0 1
Cash Fr. Finan. 24 -4 -12 19 -16 -9 -3 4 -25 -11
Net Change -4 -4 -1 1 -2 0 -1 1 3 3
Cash & Cash Eqvt 6 2 1 2 1 0 -1 1 4 7

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 55.98 55.98 55.98 56.08 56.88 56.90 57.66 59.12 61.29
Public 44.02 44.02 44.02 43.92 43.12 43.10 42.34 40.88 38.71
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 18 May 2022
Statement Of Standalone Audited Financial Results Of The Company For The Quarter And Year - Ended 31St March 2022.
This is with reference to captioned matter please find enclosed herewith Statement of Standalone Audited Financial Results of the Company for the quarter and year ended 31st March 2022 duly approved and taken on record by the Board of Directors of the Company at their meeting held today i.e. 18th May 2022 along with Audit Reports.Declaration by Kishan Kumar Kedia Chairman & Managing Director pursuant to Regulation 33(3) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 is also enclosed along with the results.
Wed, 18 May 2022
Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulation 2015 ('Listing Regulations')
Pursuant to Regulation 23(9) of Listing Regulations please find enclosed disclosure of related party transactions on consolidated basis and balances for the year ended 31st March 2022Kindly note there is no related party transaction.
Mon, 09 May 2022
Board Meeting Intimation for Intimation Of Board Meeting On 18Th May 2022
GARNET CONSTRUCTION LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/05/2022 inter alia to consider and approve The Audited Standalone Financial Results for the year ended 31st March 2022

Technical Scans View Details

Thu, 19 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Making Higher Highs for 3 days Making Higher Highs for 3 days
High Decrease 1 Month High Decrease 1 Month

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