Cash flow Garnet Construction Limited

Stocks

GARNET6

INE797D01017

Real Estate Development & Operations

Market Closed - Bombay S.E. 11:02:29 22/09/2026 BST			5-day change	1st Jan Change
49.77 ^INR	-2.68%		-2.93%	-27.06%

08-14	Garnet Construction Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-30	Garnet Construction Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

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Published financial data: GARNET CONSTRUCTION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	55.66M	20.51M	111M	161M	828M
Other Revenues, Total	-	-	-	-	-
Total Revenues	55.66M	20.51M	111M	161M	828M
Cost of Goods Sold, Total	37.7M	3.89M	94.93M	28.42M	194M
Gross Profit	17.96M	16.62M	16.37M	132M	635M
Selling General & Admin Expenses, Total	23.3M	17.42M	21.59M	27.86M	37.28M
Depreciation & Amortization - (IS)	3.48M	3.34M	2.87M	3.12M	5M
Other Operating Expenses	7.16M	12.62M	14.34M	26.42M	89.8M
Other Operating Expenses, Total	33.95M	33.37M	38.79M	57.41M	132M
Operating Income	-15.99M	-16.75M	-22.42M	75.08M	503M
Interest Expense, Total	-4.74M	-2.37M	-7.01M	-8.47M	-6.47M
Interest And Investment Income	24.81M	20.99M	59.76M	32.41M	33.84M
Net Interest Expenses	20.07M	18.62M	52.75M	23.94M	27.37M
Other Non Operating Income (Expenses)	317K	2.7M	10.61M	-22K	-1.65M
EBT, Excl. Unusual Items	4.4M	4.57M	40.94M	99M	528M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	4.4M	4.57M	40.94M	99M	528M
Income Tax Expense	2.02M	1.65M	11.54M	24.94M	134M
Earnings From Continuing Operations	2.37M	2.92M	29.4M	74.06M	395M
Extraordinary Item & Accounting Change	2.72M	-	-	-	-
Net Income to Company	5.1M	2.92M	29.4M	74.06M	395M
Minority Interest	-	-	-	-	-
Net Income - (IS)	5.1M	2.92M	29.4M	74.06M	395M
Net Income to Common Incl Extra Items	5.1M	2.92M	29.4M	74.06M	395M
Net Income to Common Excl. Extra Items	2.37M	2.92M	29.4M	74.06M	395M
Per Share Items
Net EPS - Basic	0.37	0.21	2.11	5.33	28.4
Basic EPS - Continuing Operations	0.17	0.21	2.11	5.33	28.4
Basic Weighted Average Shares Outstanding	13.9M	13.9M	13.9M	13.9M	13.9M
Net EPS - Diluted	0.37	0.21	2.11	5.33	28.4
Diluted EPS - Continuing Operations	0.17	0.21	2.11	5.33	28.4
Diluted Weighted Average Shares Outstanding	13.9M	13.9M	13.9M	13.9M	13.9M
Normalized Basic EPS	0.2	0.21	1.84	4.45	23.75
Normalized Diluted EPS	0.2	0.21	1.84	4.45	23.75
Supplemental Items
EBITDA	-12.5M	-13.41M	-19.55M	78.21M	508M
EBITA	-15.99M	-16.75M	-22.42M	75.08M	503M
EBIT	-15.99M	-16.75M	-22.42M	75.08M	503M
EBITDAR	-8.03M	-11.31M	-	-	-
Total Revenues (As Reported)	80.81M	44.2M	182M	194M	863M
Effective Tax Rate - (Ratio)	46	36.18	28.18	25.2	25.28
Current Domestic Taxes	2.32M	2.18M	11.8M	25M	133M
Total Current Taxes	2.32M	2.18M	11.8M	25M	133M
Deferred Domestic Taxes	-297K	-523K	-261K	-56K	503K
Total Deferred Taxes	-297K	-523K	-261K	-56K	503K
Normalized Net Income	2.75M	2.86M	25.59M	61.88M	330M
Interest Capitalized	17.17M	17.56M	-	-	-
Interest on Long-Term Debt	-	-	80K	41K	-
Non-Cash Pension Expense	84.18K	124K	122K	144K	176K
Supplemental Operating Expense Items
Advertising Expense	169K	237K	181K	341K	635K
Selling and Marketing Expenses	169K	237K	181K	341K	635K
Net Rental Expense, Total	4.47M	2.1M	-	-	-
Imputed Operating Lease Interest Expense	4.33M	2.18M	-	-	-
Imputed Operating Lease Depreciation	138K	-83.65K	-	-	-
Maintenance & Repair Expenses, Total	836K	868K	1.33M	1.28M	1.09M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	22.01M	13.31M	668K	648K	1.38M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	22.01M	13.31M	668K	648K	1.38M
Accounts Receivable, Total	367M	342M	308M	295M	681M
Other Receivables	5.93M	10.28M	9.5M	7.98M	8.3M
Notes Receivable	476M	438M	548M	641M	794M
Total Receivables	849M	790M	865M	945M	1.48B
Inventory	634M	696M	633M	650M	537M
Prepaid Expenses	128K	138K	139K	133K	72K
Other Current Assets, Total	123M	56.34M	81.47M	103M	54.9M
Total Current Assets	1.63B	1.56B	1.58B	1.7B	2.08B
Gross Property Plant And Equipment	68.29M	68.9M	69.21M	78.71M	101M
Accumulated Depreciation	-23.51M	-26.85M	-29.72M	-32.84M	-37.84M
Net Property Plant And Equipment	44.78M	42.05M	39.49M	45.87M	62.86M
Long-term Investments	977K	1.03M	552K	552K	562K
Loans Receivable Long-Term	5.58M	4.58M	4.58M	4.58M	4.58M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	5.05M	5.06M	5.58M	5.63M	5.65M
Total Assets	1.68B	1.61B	1.63B	1.76B	2.15B
Liabilities
Accounts Payable, Total	24.98M	24.73M	22.71M	25.73M	21.06M
Accrued Expenses, Total	1.42M	1.46M	88.53M	76.75M	12.55M
Short-term Borrowings	-	-	-	24.31M	-
Current Portion of Long-Term Debt	48.35M	29.28M	6.69M	5M	8.59M
Current Income Taxes Payable	8.11K	-	8.24M	20.07M	121M
Other Current Liabilities	565M	501M	442M	508M	471M
Total Current Liabilities	640M	556M	568M	660M	634M
Long-Term Debt	111M	118M	98.77M	56.52M	81.91M
Pension & Other Post Retirement Benefits	1.73M	1.6M	1.72M	2.49M	3.24M
Deferred Tax Liability Non Current	8.08M	7.73M	7.43M	7.29M	7.75M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	761M	683M	676M	726M	727M
Common Stock, Total	139M	139M	139M	139M	139M
Additional Paid In Capital	433M	433M	433M	433M	433M
Retained Earnings	350M	354M	383M	457M	851M
Comprehensive Income and Other	-	-	-	313K	196K
Total Common Equity	922M	926M	955M	1.03B	1.42B
Minority Interest	-	-	-	-	-
Total Equity	922M	926M	955M	1.03B	1.42B
Total Liabilities And Equity	1.68B	1.61B	1.63B	1.76B	2.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.9M	13.9M	13.9M	13.9M	13.9M
ECS Total Common Shares Outstanding	13.9M	13.9M	13.9M	13.9M	13.9M
Book Value / Share	66.35	66.6	68.71	74.01	102.41
Tangible Book Value	922M	926M	955M	1.03B	1.42B
Tangible Book Value Per Share	66.35	66.6	68.71	74.01	102.41
Total Debt	160M	147M	105M	85.84M	90.5M
Net Debt	138M	134M	105M	85.19M	89.12M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.81M	1.67M	2.26M	3.17M	4.06M
Debt Equivalent Oper. Leases	35.77M	16.8M	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	107M	162M	113M	122M	152M
Inventories - Finished Goods, Total	527M	535M	521M	528M	385M
Buildings, Total	40.74M	40.74M	40.74M	40.74M	40.74M
Machinery, Total	27.55M	28.16M	28.47M	37.97M	59.96M
Full Time Employees	26	24	23	36	45

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	5.1M	2.92M	29.4M	74.06M	395M
Depreciation & Amortization - CF	3.48M	3.34M	2.87M	3.12M	5M
Depreciation & Amortization, Total	3.48M	3.34M	2.87M	3.12M	5M
(Gain) Loss From Sale Of Asset	-144K	-	-	-150K	-117K
Other Operating Activities, Total	-2.7M	-17.96M	-52.5M	-22.94M	-23.43M
Change In Accounts Receivable	-13.14M	24.54M	34.06M	12.14M	-386M
Change In Inventories	-3.07M	-62.79M	62.85M	-16.54M	113M
Change In Accounts Payable	-145M	-251K	-679K	3.02M	-4.67M
Change in Other Net Operating Assets	144M	36.2M	-99.33M	-46.88M	-105M
Cash from Operations	-10.74M	-14M	-23.33M	5.84M	-6.55M
Capital Expenditure	-486K	-609K	-313K	-9.5M	-21.99M
Sale of Property, Plant, and Equipment	153K	-	-	150K	72K
Investment in Marketable and Equity Securities, Total	-	-	-	-	35K
Other Investing Activities, Total	24.81M	20.99M	59.76M	32.41M	33.84M
Cash from Investing	24.47M	20.38M	59.44M	23.06M	11.96M
Short Term Debt Issued, Total	-	-	-	46.42M	-
Long-Term Debt Issued, Total	-	-	-	-	295M
Total Debt Issued	-	-	-	46.42M	295M
Short Term Debt Repaid, Total	-	-	-	-22.11M	-24.31M
Long-Term Debt Repaid, Total	-42.33M	-12.7M	-41.54M	-43.94M	-266M
Total Debt Repaid	-42.33M	-12.7M	-41.54M	-66.05M	-290M
Other Financing Activities, Total	-21.91M	-2.37M	-7.22M	-9.29M	-9.34M
Cash from Financing	-64.24M	-15.08M	-48.76M	-28.92M	-4.68M
Miscellaneous Cash Flow Adjustments	-	-	-	-	1K
Net Change in Cash	-50.51M	-8.7M	-12.65M	-20K	733K
Supplemental Items
Cash Interest Paid	21.91M	2.38M	7.22M	9.29M	9.34M
Cash Income Tax Paid (Refund)	2.15M	2.18M	11.8M	25M	133M
Levered Free Cash Flow	-82.07M	-11.8M	-18.57M	-13.16M	-89.7M
Unlevered Free Cash Flow	-79.11M	-10.32M	-14.19M	-7.86M	-85.65M
Change In Net Working Capital	72.11M	2.58M	2.74M	48.42M	383M
Net Debt Issued / Repaid	-42.33M	-12.7M	-41.54M	-19.63M	4.66M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	-0.56	-0.64	-0.86	2.77	16.09
Return on Total Capital	-0.91	-0.97	-1.31	4.31	23.9
Return On Equity %	0.26	0.32	3.13	7.47	32.19
Return on Common Equity	0.26	0.32	3.13	7.47	32.19
Margin Analysis
Gross Profit Margin %	32.27	81.05	14.71	82.34	76.63
SG&A Margin	41.87	84.92	19.39	17.31	4.5
EBITDA Margin %	-22.47	-65.39	-17.56	48.6	61.29
EBITA Margin %	-28.72	-81.66	-20.14	46.66	60.69
EBIT Margin %	-28.72	-81.66	-20.14	46.66	60.69
Income From Continuing Operations Margin %	4.27	14.22	26.42	46.03	47.67
Net Income Margin %	9.16	14.22	26.42	46.03	47.67
Net Avail. For Common Margin %	4.27	14.22	26.42	46.03	47.67
Normalized Net Income Margin	4.94	13.92	22.99	38.45	39.87
Levered Free Cash Flow Margin	-147.46	-57.53	-16.68	-8.18	-10.83
Unlevered Free Cash Flow Margin	-142.14	-50.3	-12.75	-4.89	-10.34
Asset Turnover
Asset Turnover	0.03	0.01	0.07	0.1	0.42
Fixed Assets Turnover	1.2	0.47	2.73	3.77	15.23
Receivables Turnover (Average Receivables)	0.15	0.06	0.34	0.53	1.7
Inventory Turnover (Average Inventory)	0.06	0.01	0.14	0.04	0.33
Short Term Liquidity
Current Ratio	2.54	2.8	2.78	2.57	3.28
Quick Ratio	0.62	0.66	0.56	0.46	1.09
Operating Cash Flow to Current Liabilities	-0.02	-0.03	-0.04	0.01	-0.01
Days Sales Outstanding (Average Receivables)	2.36K	6.31K	1.07K	683.83	215.21
Days Outstanding Inventory (Average Inventory)	6.12K	62.44K	2.56K	8.24K	1.12K
Average Days Payable Outstanding	871.04	136.08	262.97	196.61	106.01
Cash Conversion Cycle (Average Days)	7.61K	68.62K	3.37K	8.73K	1.23K
Long Term Solvency
Total Debt/Equity	17.31	15.88	11.04	8.34	6.36
Total Debt / Total Capital	14.76	13.7	9.94	7.7	5.98
LT Debt/Equity	12.07	12.71	10.34	5.49	5.75
Long-Term Debt / Total Capital	10.29	10.97	9.31	5.07	5.41
Total Liabilities / Total Assets	45.21	42.46	41.43	41.38	33.79
EBIT / Interest Expense	-3.37	-7.05	-3.2	8.87	77.67
EBITDA / Interest Expense	-2.64	-5.65	-2.79	9.24	78.45
(EBITDA - Capex) / Interest Expense	-2.74	-5.91	-2.83	8.11	75.05
Total Debt / EBITDA	-12.77	-10.96	-5.4	1.1	0.18
Net Debt / EBITDA	-11.01	-9.97	-5.36	1.09	0.18
Total Debt / (EBITDA - Capex)	-12.29	-10.49	-5.31	1.25	0.19
Net Debt / (EBITDA - Capex)	-10.6	-9.54	-5.28	1.24	0.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-91.68	-63.15	452.76	44.57	414.73
Gross Profit, 1 Yr. Growth %	-93.12	-7.46	6.32	709.14	379.06
EBITDA, 1 Yr. Growth %	-107.64	7.25	41.84	-500.09	549.09
EBITA, 1 Yr. Growth %	-109.97	4.75	30.96	-434.95	569.43
EBIT, 1 Yr. Growth %	-109.97	4.75	30.96	-434.95	569.43
Earnings From Cont. Operations, 1 Yr. Growth %	-98.12	22.83	908.33	151.88	433.1
Net Income, 1 Yr. Growth %	-95.97	-42.8	908.33	151.88	433.1
Normalized Net Income, 1 Yr. Growth %	-97.41	3.94	796.08	141.81	433.67
Diluted EPS Before Extra, 1 Yr. Growth %	-98.12	22.83	908.34	151.88	433.1
Accounts Receivable, 1 Yr. Growth %	3.71	-6.69	-9.97	-3.95	130.64
Inventory, 1 Yr. Growth %	0.49	9.91	-9.03	2.61	-17.38
Net Property, Plant and Equip., 1 Yr. Growth %	-6.29	-6.09	-6.08	16.14	37.04
Total Assets, 1 Yr. Growth %	-9.71	-4.43	0.36	7.62	22.51
Tangible Book Value, 1 Yr. Growth %	0.55	0.37	3.16	7.73	38.36
Common Equity, 1 Yr. Growth %	0.55	0.37	3.16	7.73	38.36
Cash From Operations, 1 Yr. Growth %	-108.3	30.39	66.6	-125.02	-212.25
Capital Expenditures, 1 Yr. Growth %	-83.34	25.31	-48.6	2.93K	131.5
Levered Free Cash Flow, 1 Yr. Growth %	-162.96	-85.62	58.05	-29.15	581.7
Unlevered Free Cash Flow, 1 Yr. Growth %	-158.84	-86.96	34.53	-44.58	988.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-71.47	-82.49	41.41	182.69	172.79
Gross Profit, 2 Yr. CAGR %	-68.71	-74.77	-4.52	193.3	522.6
EBITDA, 2 Yr. CAGR %	-67.21	-71.38	25.03	138.22	409.6
EBITA, 2 Yr. CAGR %	-62.36	-67.68	18.42	109.44	373.53
EBIT, 2 Yr. CAGR %	-62.36	-67.68	18.42	109.44	373.53
Earnings From Cont. Operations, 2 Yr. CAGR %	-81.44	-84.82	251.93	403.96	266.43
Net Income, 2 Yr. CAGR %	-72.81	-84.82	140.16	403.96	266.43
Normalized Net Income, 2 Yr. CAGR %	-78.69	-83.6	205.18	365.49	259.23
Diluted EPS Before Extra, 2 Yr. CAGR %	-81.44	-84.82	251.93	403.96	266.44
Accounts Receivable, 2 Yr. CAGR %	-1.79	-1.62	-8.46	-7.01	48.84
Inventory, 2 Yr. CAGR %	-12.55	5.09	-0.01	-3.38	-7.93
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.61	-6.19	-6.08	4.44	26.16
Total Assets, 2 Yr. CAGR %	-3.83	-7.11	-1.58	3.93	14.82
Tangible Book Value, 2 Yr. CAGR %	8.01	0.46	1.76	5.42	22.09
Common Equity, 2 Yr. CAGR %	8.01	0.46	1.76	5.42	22.09
Cash From Operations, 2 Yr. CAGR %	-80.34	-67.1	47.39	-35.44	-47.01
Capital Expenditures, 2 Yr. CAGR %	7.52	-54.3	-19.75	294.94	738.19
Levered Free Cash Flow, 2 Yr. CAGR %	-35.3	-69.91	-52.43	5.82	119.77
Unlevered Free Cash Flow, 2 Yr. CAGR %	-38.61	-72.3	-57.65	-13.65	145.69
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-11.79	-68.93	-44.99	42.46	245.19
Gross Profit, 3 Yr. CAGR %	-29.7	-55.09	-60.27	94.66	245.41
EBITDA, 3 Yr. CAGR %	-15.25	-51.32	-50.76	84.25	232.73
EBITA, 3 Yr. CAGR %	0.62	-47.05	-48.1	67.47	208.51
EBIT, 3 Yr. CAGR %	0.62	-47.05	-48.1	67.47	208.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-33.29	-65.16	-38.51	214.8	413.49
Net Income, 3 Yr. CAGR %	-14.33	-65.16	-38.51	144	413.49
Normalized Net Income, 3 Yr. CAGR %	-27.7	-63.87	-37.78	182.4	387.19
Diluted EPS Before Extra, 3 Yr. CAGR %	-33.47	-65.16	-38.51	214.8	413.49
Accounts Receivable, 3 Yr. CAGR %	2.55	-3.45	-4.57	-6.98	25.87
Inventory, 3 Yr. CAGR %	-18.83	-5.62	0.16	0.86	-8.29
Net Property, Plant and Equip., 3 Yr. CAGR %	-4.66	-4.44	-6.15	0.81	14.34
Total Assets, 3 Yr. CAGR %	-3.9	-4.03	-4.37	1.4	9.79
Tangible Book Value, 3 Yr. CAGR %	8.49	5.4	1.35	3.71	15.42
Common Equity, 3 Yr. CAGR %	8.49	5.4	1.35	3.71	15.42
Cash From Operations, 3 Yr. CAGR %	-43.16	-63.06	-43.51	-18.4	-22.37
Capital Expenditures, 3 Yr. CAGR %	18.32	13.18	-52.47	169.37	230.52
Levered Free Cash Flow, 3 Yr. CAGR %	-10.33	-60.81	-47.77	-45.68	96.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	-10.72	-63.37	-52.74	-53.68	101
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-17.13	-18.89	6.54	-25.12	4.38
Gross Profit, 5 Yr. CAGR %	-18.24	-21.65	-20.54	-6.3	19.44
EBITDA, 5 Yr. CAGR %	-16.7	-16.92	-0.99	-7.63	25.4
EBITA, 5 Yr. CAGR %	-8.34	-9.94	7.39	-7.82	25.67
EBIT, 5 Yr. CAGR %	-8.34	-9.94	7.39	-7.82	25.67
Earnings From Cont. Operations, 5 Yr. CAGR %	-6	-24.57	29.74	1.44	25.57
Net Income, 5 Yr. CAGR %	9.01	-24.69	29.39	1.44	25.57
Normalized Net Income, 5 Yr. CAGR %	-13.26	-20.69	28.62	0.44	25.46
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.78	-24.69	29.53	1.44	25.57
Accounts Receivable, 5 Yr. CAGR %	-8.79	2.47	-2	-4.94	14
Inventory, 5 Yr. CAGR %	-7.32	-7.58	-11.77	-4.73	-3.16
Net Property, Plant and Equip., 5 Yr. CAGR %	-6.24	-5.65	-5.23	-0.98	5.64
Total Assets, 5 Yr. CAGR %	-2.55	-1.43	-2.98	-0.73	2.89
Tangible Book Value, 5 Yr. CAGR %	5.61	5.33	5.75	5.41	9.19
Common Equity, 5 Yr. CAGR %	5.61	5.33	5.75	5.41	9.19
Cash From Operations, 5 Yr. CAGR %	-38.95	1.07	-16.79	-53.82	-44.93
Capital Expenditures, 5 Yr. CAGR %	65.61	58.82	1.32	86.58	49.79
Levered Free Cash Flow, 5 Yr. CAGR %	4.24	-15.7	-30.42	-41.74	-7.2
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.37	-12.51	-33.75	-48.15	-8.62