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Garnet International

BSE:512493
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
512493
BSE
₹1B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Garnet International Limited, together with its subsidiary, Sukartik Clothing Private Limited, manufactures and sells garments in India and internationally. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Garnet International has significant price volatility in the past 3 months.
512493 Share Price and Events
7 Day Returns
-3.4%
BSE:512493
-2.5%
IN Luxury
-2.1%
IN Market
1 Year Returns
-83.2%
BSE:512493
-8.9%
IN Luxury
-8.6%
IN Market
512493 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Garnet International (512493) -3.4% 6.4% 4.6% -83.2% -4.1% 96%
IN Luxury -2.5% -2% -3.9% -8.9% 47.6% 187.3%
IN Market -2.1% -4.5% -3.5% -8.6% 40.3% 78.7%
1 Year Return vs Industry and Market
  • 512493 underperformed the Luxury industry which returned -8.9% over the past year.
  • 512493 underperformed the Market in India which returned -8.6% over the past year.
Price Volatility
512493
Industry
5yr Volatility vs Market

Value

 Is Garnet International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Garnet International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Garnet International.

BSE:512493 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:512493
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (7.09%))
0.6
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:512493 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Garnet International is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:512493 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 25.91 30.83 36.38 42.56 49.37
Source Est @ 20%, capped from 44.55% Est @ 19%, capped from 44.55% Est @ 18%, capped from 44.55% Est @ 17%, capped from 44.55% Est @ 16%, capped from 44.55%
Present Value
Discounted (@ 13.51%)
22.82 23.93 24.87 25.64 26.20
Present value of next 5 years cash flows ₹123.46
BSE:512493 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹49.37 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹890.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹890.90 ÷ (1 + 13.51%)5
₹472.78
BSE:512493 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹123.46 + ₹472.78
₹596.23
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹596.23 / 19.53
₹30.53
BSE:512493 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹30.53
Current discount Discount to share price of ₹59.00
= -1 x (₹59.00 - ₹30.53) / ₹30.53
-93.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Garnet International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Garnet International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Garnet International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:512493 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-14.54
BSE:512493 Share Price ** BSE (2019-02-19) in INR ₹59
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.54x
India Market PE Ratio Median Figure of 2,715 Publicly-Listed Companies 15.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Garnet International.

BSE:512493 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:512493 Share Price ÷ EPS (both in INR)

= 59 ÷ -14.54

-4.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Garnet International is loss making, we can't compare its value to the IN Luxury industry average.
  • Garnet International is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Garnet International's expected growth come at a high price?
Raw Data
BSE:512493 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
42.2%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.09x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Garnet International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Garnet International's assets?
Raw Data
BSE:512493 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹32.49
BSE:512493 Share Price * BSE (2019-02-19) in INR ₹59
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.69x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:512493 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:512493 Share Price ÷ Book Value per Share (both in INR)

= 59 ÷ 32.49

1.82x

* Primary Listing of Garnet International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Garnet International is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Garnet International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Garnet International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Garnet International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Garnet International, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Garnet International expected to grow at an attractive rate?
  • Garnet International's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Garnet International's earnings growth is expected to exceed the India market average.
  • Unable to compare Garnet International's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:512493 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:512493 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 42.2%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:512493 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:512493 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,035 -282
2018-09-30 3,545 -200
2018-06-30 3,817 -102
2018-03-31 3,556 -783 114
2017-12-31 2,583 170
2017-09-30 1,131 152
2017-06-30 816 136
2017-03-31 641 134 97
2016-03-31 373 39 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Garnet International's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Garnet International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:512493 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Garnet International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:512493 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -14.54
2018-09-30 -10.41
2018-06-30 -5.36
2018-03-31 6.09
2017-12-31 9.12
2017-09-30 8.15
2017-06-30 7.33
2017-03-31 5.19
2016-03-31 0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Garnet International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Garnet International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Garnet International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Garnet International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Garnet International's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Garnet International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Garnet International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Garnet International's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Garnet International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Garnet International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:512493 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,034.76 -282.03 13.32
2018-09-30 3,545.08 -199.56 21.89
2018-06-30 3,817.34 -101.80 9.68
2018-03-31 3,555.72 114.26 7.92
2017-12-31 2,582.96 170.16 27.30
2017-09-30 1,131.26 152.45 10.06
2017-06-30 816.34 136.05 9.14
2017-03-31 640.86 97.00 8.90
2016-03-31 373.35 7.04 8.31
2015-03-31 145.84 11.23 5.20
2014-03-31 108.06 3.41 6.51
2013-03-31 90.77 1.95 6.11
2012-03-31 304.44 5.88 6.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Garnet International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Garnet International has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Garnet International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Garnet International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Garnet International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Garnet International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Garnet International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Garnet International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Garnet International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Garnet International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Garnet International Company Filings, last reported 1 month ago.

BSE:512493 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 661.75 78.97 22.43
2018-09-30 661.75 78.97 22.43
2018-06-30 909.16 474.26 20.94
2018-03-31 909.16 476.02 830.82
2017-12-31 620.96 123.32 82.99
2017-09-30 620.96 123.32 82.99
2017-06-30
2017-03-31 555.29 9.68 42.86
2016-03-31 473.58 11.62 162.38
2015-03-31 466.33 8.91 47.50
2014-03-31 455.10 9.90 21.78
2013-03-31 449.34 13.84 23.23
2012-03-31 243.51 21.82 32.26
  • Garnet International's level of debt (11.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.4% vs 11.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Garnet International is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Garnet International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Garnet International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Garnet International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.85%
Current annual income from Garnet International dividends.
If you bought ₹2,000 of Garnet International shares you are expected to receive ₹17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Garnet International's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Garnet International's dividend is below the markets top 25% of dividend payers in India (2.12%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:512493 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:512493 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-14 0.500 0.838
2018-05-30 0.500 0.525
2017-09-04 0.400 0.161
2016-05-31 0.233 0.188
2016-05-30 0.233 0.372
2015-10-01 0.017 0.027
2015-09-16 0.167 0.358
2015-06-01 0.167 0.431
2014-06-02 0.000 0.000
2013-06-26 0.000 0.000
2013-06-06 0.000 0.000
2012-10-01 0.033 0.121
2011-09-30 0.333 1.041
2010-09-29 0.333 0.453

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Garnet International has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Garnet International only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Garnet International's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Garnet International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Garnet International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Garnet International has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Garnet International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ramakant Gaggar
COMPENSATION ₹0
AGE 45
TENURE AS CEO 0.7 years
CEO Bio

Mr. Ramakant M. Gaggar has been Managing Director and Executive Director of Garnet International Limited since June 28, 2018 and September 24, 2007 respectively. Mr. Gaggar served as the Managing Director and Compliance Officer of Jayavant Products Limited. Mr. Gaggar served as Compliance Officer of Garnet International Limited. He serves as a Director of Evergreen Infotech and Datacom Private Limited. He serves as Non-Executive and Independent Director at Rajlaxmi Industries Limited. He served as Non Executive Independent Director at Rajlaxmi Industries Limited from April 1, 2010 to November 14, 2013. Mr. Gaggar served as a Director of Jayavant Products Limited. until July 16, 2007.

CEO Compensation
  • Insufficient data for Ramakant to compare compensation growth.
  • Ramakant's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Garnet International management team in years:

0.7
Average Tenure
  • The average tenure for the Garnet International management team is less than 2 years, this suggests a new team.
Management Team

Suresh Gaggar

TITLE
Executive Chairman
AGE
55

Ramakant Gaggar

TITLE
MD & Executive Director
AGE
45
TENURE
0.7 yrs

Sanjay Raut

TITLE
Chief Financial Officer
COMPENSATION
₹411K
TENURE
3.8 yrs

Deepika Pandey

TITLE
Company Secretary & Compliance Officer
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Garnet International board of directors in years:

5
Average Tenure
52.5
Average Age
  • The tenure for the Garnet International board of directors is about average.
Board of Directors

Suresh Gaggar

TITLE
Executive Chairman
AGE
55

Ramakant Gaggar

TITLE
MD & Executive Director
AGE
45
TENURE
11.4 yrs

Sharad Rathi

TITLE
Non-Executive Independent Director
AGE
50
TENURE
8.6 yrs

Jaswantsingh Patil

TITLE
Independent Director
AGE
57
TENURE
1.5 yrs

Sandhya Lotlikar

TITLE
Additional & Independent Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
10. Oct 18 Buy Mangal Savitri Bizcon Private Limited Company 03. Oct 18 10. Oct 18 15,000 ₹70.57 ₹1,050,678
09. Jul 18 Buy Suresh Gaggar Individual 27. Jun 18 28. Jun 18 10,300 ₹113.52 ₹1,148,719
21. Jun 18 Buy Suresh Gaggar Individual 21. Jun 18 21. Jun 18 1,921 ₹111.52 ₹214,230
19. Jun 18 Buy Suresh Gaggar Individual 19. Jun 18 19. Jun 18 1,500 ₹122.95 ₹184,425
12. Jun 18 Buy Suresh Gaggar Individual 12. Jun 18 12. Jun 18 3,780 ₹119.60 ₹452,088
05. Jun 18 Buy Suresh Gaggar Individual 04. Jun 18 05. Jun 18 5,022 ₹121.14 ₹604,607
18. May 18 Buy Suresh Gaggar Individual 18. May 18 18. May 18 4,000 ₹129.64 ₹518,555
16. May 18 Buy Suresh Gaggar Individual 16. May 18 16. May 18 2,700 ₹134.64 ₹363,528
15. May 18 Buy Suresh Gaggar Individual 14. May 18 15. May 18 6,773 ₹134.34 ₹906,926
11. May 18 Buy Suresh Gaggar Individual 11. May 18 11. May 18 7,580 ₹127.88 ₹969,358
09. May 18 Buy Suresh Gaggar Individual 09. May 18 09. May 18 3,600 ₹139.30 ₹501,480
08. May 18 Buy Suresh Gaggar Individual 08. May 18 08. May 18 3,917 ₹146.60 ₹574,232
07. May 18 Buy Suresh Gaggar Individual 07. May 18 07. May 18 2,700 ₹154.30 ₹416,610
26. Apr 18 Buy Suresh Gaggar Individual 26. Apr 18 26. Apr 18 1,187 ₹207.92 ₹246,796
23. Apr 18 Buy Suresh Gaggar Individual 23. Apr 18 23. Apr 18 30,331 ₹224.05 ₹6,795,623
27. Apr 18 Buy Suresh Gaggar Individual 27. Apr 18 27. Apr 18 24,700 ₹209.93 ₹5,185,386
17. Apr 18 Buy Kartik Gaggar Individual 13. Apr 18 13. Apr 18 29,000 ₹200.00 ₹5,799,998
19. Apr 18 Buy Mangal Savitri Bizcon Private Limited Company 18. Apr 18 18. Apr 18 6,000 ₹204.89 ₹1,229,335
X
Management checks
We assess Garnet International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Garnet International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

Garnet International Limited, together with its subsidiary, Sukartik Clothing Private Limited, manufactures and sells garments in India and internationally. The company operates through Textile, and Shares and Securities segments. It seamless sportswear, lounge wear, inner wear, and compression wear, as well as knitted fabrics. The company also trades and invests in shares and securities. Garnet International Limited was incorporated in 1983 and is based in Mumbai, India.

Details
Name: Garnet International Limited
512493
Exchange: BSE
Founded: 1983
₹1,113,133,392
19,528,656
Website: http://www.garnetint.com
Address: Garnet International Limited
901, Raheja Chambers,
Free Press Journal Marg,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 512493 Equity Shares Mumbai Stock Exchange IN INR 26. Jul 2005
Number of employees
Current staff
Staff numbers
0
Garnet International employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 12:32
End of day share price update: 2019/02/19 00:00
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.