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
Flawless balance sheet and undervalued.
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 not significantly more volatile than the rest 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.
7 Day Return
IN Real Estate
1 Year Return
IN Real Estate
Return vs Industry: 526727 exceeded the Indian Real Estate industry which returned 79.5% over the past year.
Return vs Market: 526727 exceeded the Indian Market which returned 67.3% over the past year.
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
Is Garnet Construction undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 526727 (₹19.15) is trading below our estimate of fair value (₹273.92)
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 (2x) compared to the IN Real Estate industry average (20.3x).
PE vs Market: 526727 is good value based on its PE Ratio (2x) compared to the Indian market (19.5x).
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 (0.3x) compared to the IN Real Estate industry average (0.7x).
How is Garnet Construction forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Garnet Construction performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 526727 has high quality earnings.
Growing Profit Margin: 526727's current net profit margins (15.2%) are lower than last year (41.7%).
Past Earnings Growth Analysis
Earnings Trend: 526727's earnings have grown significantly by 47.5% per year over the past 5 years.
Accelerating Growth: 526727's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 526727 had negative earnings growth (-28.9%) over the past year, making it difficult to compare to the Real Estate industry average (-9%).
Return on Equity
High ROE: 526727's Return on Equity (13.1%) is considered low.
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 39.4% 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 (22.4x coverage).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kishan Kedia (74 yo)
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 ($USD81.49K) is above average for companies of similar size in the Indian market ($USD40.71K).
Compensation vs Earnings: Kishan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 526727's management team is seasoned and experienced (8.9 years average tenure).
Experienced Board: 526727's board of directors are seasoned and experienced ( 16.4 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Garnet Construction Limited's company bio, employee growth, exchange listings and data sources
- Name: Garnet Construction Limited
- Ticker: 526727
- Exchange: BSE
- Founded: 1992
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: ₹260.666m
- Shares outstanding: 13.90m
- Website: https://www.garnetconstructions.com
Number of Employees
- Garnet Construction Limited
- 501/531, Laxmi Mall
- Laxmi Industrial Estate
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/07 12:07|
|End of Day Share Price||2021/05/07 00:00|
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.