BSE:526727

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Garnet Construction

Executive Summary

Garnet Construction Limited, a real estate development company, develops, manages, leases, and sells industrial plots and sheds, and residential and commercial buildings in India. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.

Share Price & News

How has Garnet Construction's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 526727 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 526727's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

7.0%

526727

-0.02%

IN Real Estate

0.3%

IN Market


1 Year Return

203.6%

526727

-8.1%

IN Real Estate

7.0%

IN Market

Return vs Industry: 526727 exceeded the Indian Real Estate industry which returned -8.1% over the past year.

Return vs Market: 526727 exceeded the Indian Market which returned 7% over the past year.


Shareholder returns

526727IndustryMarket
7 Day7.0%-0.02%0.3%
30 Day-3.7%8.3%9.0%
90 Day102.2%8.0%8.8%
1 Year203.6%203.6%-7.6%-8.1%8.9%7.0%
3 Year-45.2%-45.2%-20.2%-21.6%5.1%0.009%
5 Year22.7%22.7%47.1%42.3%51.8%40.4%

Long-Term Price Volatility Vs. Market

How volatile is Garnet Construction's share price compared to the market and industry in the last 5 years?


Simply Wall St News

2 years ago | Simply Wall St

April Undervalued Stocks To Look Out For

2 years ago | Simply Wall St

March Top Cheap Stocks To Buy

Valuation

Is Garnet Construction undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 526727 (₹18.4) is trading below our estimate of fair value (₹192.37)

Significantly Below Fair Value: 526727 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 526727 is good value based on its PE Ratio (0.8x) compared to the IN Real Estate industry average (15.4x).

PE vs Market: 526727 is good value based on its PE Ratio (0.8x) compared to the Indian market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 526727's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 526727 is good value based on its PB Ratio (0.2x) compared to the IN Real Estate industry average (0.6x).


Next Steps

Future Growth

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

44.3%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Garnet Construction has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Garnet Construction performed over the past 5 years?

52.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 526727 has high quality earnings.

Growing Profit Margin: 526727's current net profit margins (27.8%) are higher than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: 526727 has become profitable over the past 5 years, growing earnings by 52.3% per year.

Accelerating Growth: 526727's earnings growth over the past year (2292.1%) exceeds its 5-year average (52.3% per year).

Earnings vs Industry: 526727 earnings growth over the past year (2292.1%) exceeded the Real Estate industry -3.2%.


Return on Equity

High ROE: 526727's Return on Equity (29.9%) is considered high.


Next Steps

Financial Health

How is Garnet Construction's financial position?


Financial Position Analysis

Short Term Liabilities: 526727's short term assets (₹2.1B) exceed its short term liabilities (₹918.6M).

Long Term Liabilities: 526727's short term assets (₹2.1B) exceed its long term liabilities (₹179.8M).


Debt to Equity History and Analysis

Debt Level: 526727's debt to equity ratio (16.7%) is considered satisfactory.

Reducing Debt: 526727's debt to equity ratio has reduced from 38.8% to 16.7% over the past 5 years.

Debt Coverage: 526727's debt is well covered by operating cash flow (160.8%).

Interest Coverage: 526727's interest payments on its debt are well covered by EBIT (32x coverage).


Balance Sheet


Next Steps

Dividend

What is Garnet Construction current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 526727's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 526727's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 526727's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 526727's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 526727's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average management tenure


CEO

Kishan Kedia (74 yo)

14.17yrs

Tenure

₹6,000,000

Compensation

Mr. Kishan Kumar Kedia has been Executive Chairman and Managing Director at Garnet Construction Limited since September 2006. Mr. Kediahas been a Director of Garnet Construction Limited since October 15, 1...


CEO Compensation Analysis

Compensation vs Market: Kishan's total compensation ($USD81.32K) is above average for companies of similar size in the Indian market ($USD50.94K).

Compensation vs Earnings: Kishan's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kishan Kedia
Executive Chairman & MD14.17yrs₹6.00m26.88%
₹ 67.6m
Falguni Padiya
Chief Financial Officer2.67yrs₹1.50mno data
Arun Kedia
Director of Marketing & Executive Non-Independent Director28.08yrs₹6.00m13.77%
₹ 34.6m
Sanjay Kedia
Finance Director & Whole-Time Director28.08yrs₹6.00m15.33%
₹ 38.6m
Neha Verma
Compliance Officer & Company Secretary0.25yrno datano data

8.4yrs

Average Tenure

52yo

Average Age

Experienced Management: 526727's management team is seasoned and experienced (8.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kishan Kedia
Executive Chairman & MD14.17yrs₹6.00m26.88%
₹ 67.6m
Arun Kedia
Director of Marketing & Executive Non-Independent Director28.08yrs₹6.00m13.77%
₹ 34.6m
Sanjay Kedia
Finance Director & Whole-Time Director28.08yrs₹6.00m15.33%
₹ 38.6m
Shiromani Chauhan
Non Executive Independent Director17.67yrsno data0.028%
₹ 70.6k
Jitendra Jadhav
Non-Executive Independent Director1.42yrsno datano data
Sirya Siddiqui
Additional Director0.58yrno datano data

15.9yrs

Average Tenure

52yo

Average Age

Experienced Board: 526727's board of directors are seasoned and experienced ( 15.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Garnet Construction Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Garnet Construction Limited
  • Ticker: 526727
  • Exchange: BSE
  • Founded: 1992
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₹251.630m
  • Shares outstanding: 13.90m
  • Website: https://www.garnetconstructions.com

Number of Employees


Location

  • Garnet Construction Limited
  • 501/531, Laxmi Mall
  • Laxmi Industrial Estate
  • Mumbai
  • Maharashtra
  • 400053
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526727BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2004

Biography

Garnet Construction Limited, a real estate development company, develops, manages, leases, and sells industrial plots and sheds, and residential and commercial buildings in India. It also provides real est...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 12:14
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.