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Garnet Construction (BSE 526727)₹51.66+3.84%Residential, Commercial Projects
In the Mar 2026 quarter (standalone), Garnet Construction reported sales of ₹10.39 Cr and net profit of ₹4.73 Cr, up 215.3% year on year. For the year to Mar 2026, sales were ₹82.97 Cr and net profit ₹39.03 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.33 | 1.14 | 1.14 | 6.85 | 15.16 | 0.78 | 0.86 | −0.74 | 40.40 | 16.28 | 15.74 | 10.39 |
| Expenses | 0.76 | 1.34 | 1.34 | 9.56 | 5.19 | 1.37 | 1.09 | 0.60 | 15.73 | 7.32 | 1.96 | 6.99 |
| Operating Profit | −0.42 | −0.19 | −0.19 | −2.71 | 9.97 | −0.58 | −0.22 | −1.35 | 24.60 | 8.94 | 13.75 | 3.39 |
| OPM % | −126.5% | −17.4% | −17.4% | −39.6% | 65.7% | −74.7% | −26.4% | — | 61.0% | 55.0% | 87.5% | 32.7% |
| Other Income | 0.00 | 4.66 | 4.65 | 2.34 | 0.01 | 0.00 | 0.01 | 3.27 | 0.03 | 0.01 | 0.07 | 3.35 |
| Interest | 0.16 | 0.18 | 0.18 | 0.15 | 0.17 | 0.21 | 0.17 | 0.33 | 0.15 | 0.16 | 0.42 | 0.16 |
| Depreciation | 0.08 | 0.06 | 0.06 | 0.08 | 0.06 | 0.08 | 0.10 | 0.07 | 0.11 | 0.11 | 0.18 | 0.14 |
| Profit before tax | −0.68 | 4.22 | 4.22 | −0.61 | 9.76 | −0.88 | −0.49 | 1.51 | 24.43 | 8.72 | 13.25 | 6.47 |
| Tax % | −1.5% | 20.8% | 20.7% | −1.7% | 25.7% | 0.0% | −4.2% | 0.7% | 25.5% | 25.0% | 24.6% | 26.8% |
| Net Profit | −0.68 | 3.35 | 3.35 | −0.61 | 7.26 | −0.88 | −0.47 | 1.50 | 18.22 | 6.54 | 10.02 | 4.73 |
| EPS (Rs) | −0.47 | 2.39 | 2.39 | −0.42 | 5.21 | −0.62 | −0.32 | 1.06 | 13.07 | 4.69 | 7.19 | 3.39 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 45.98 | 13.98 | 5.99 | 6.99 | 68.01 | 66.93 | 6.01 | 2.01 | 10.99 | 15.99 | 82.97 | 82.81 |
| Expenses | 39.92 | 10.98 | 1.99 | 5.99 | 56.90 | 49.94 | 6.99 | 2.99 | 12.98 | 7.98 | 31.95 | 32.00 |
| Operating Profit | 5.99 | 2.99 | 2.99 | 0.99 | 11.99 | 15.97 | −0.99 | −0.99 | −1.99 | 7.99 | 50.94 | 50.68 |
| OPM % | 13.0% | 22.0% | 58.0% | 17.0% | 17.0% | 24.0% | −22.0% | −69.0% | −18.0% | 49.0% | 61.0% | 61.2% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 1.99 | 2.99 | 1.99 | 6.98 | 2.99 | 3.99 | 3.46 |
| Interest | 1.99 | 1.99 | 1.99 | 0.00 | 1.99 | 0.99 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.89 |
| Depreciation | 0.99 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.54 |
| Profit before tax | 3.01 | 1.01 | 1.01 | 1.01 | 10.01 | 17.01 | 1.01 | 0.00 | 4.01 | 10.01 | 53.04 | 52.87 |
| Tax % | 25.1% | 63.1% | 17.0% | 29.1% | 29.1% | 26.1% | 28.1% | 37.1% | 28.1% | 25.1% | 25.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 2.01 | 0.00 | 1.01 | 1.01 | 7.01 | 13.01 | 1.01 | 0.00 | 3.01 | 7.01 | 39.03 | 39.51 |
| EPS (Rs) | 1.55 | 0.23 | 0.86 | 0.58 | 4.95 | 9.09 | 0.36 | 0.20 | 2.10 | 5.32 | 28.36 | 28.34 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.01 | 13.98 | 13.99 | 14.00 | 14.00 | 13.96 | 14.01 | 14.00 | 14.00 | 13.97 | 13.96 | 13.99 |
| Reserves | 51.13 | 53.07 | 56.12 | 57.13 | 58.13 | 65.10 | 78.19 | 78.16 | 79.18 | 82.08 | 89.14 | 128 |
| Borrowings | 56.07 | 41.98 | 35.03 | 37.03 | 47.04 | 27.97 | 20.02 | 16.01 | 15.01 | 10.98 | 8.99 | 8.00 |
| Other Liabilities | 92.44 | 68.32 | 68.33 | 47.23 | 53.26 | 75.35 | 75.35 | 60.29 | 55.26 | 57.28 | 64.31 | 64.30 |
| Total Liabilities | 214 | 177 | 173 | 155 | 172 | 182 | 187 | 168 | 162 | 163 | 176 | 216 |
| Fixed Assets | 8.01 | 7.01 | 6.01 | 6.01 | 5.01 | 5.01 | 5.01 | 4.01 | 4.01 | 4.01 | 5.01 | 6.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.99 | 2.99 | 2.99 | 2.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 203 | 167 | 164 | 146 | 167 | 177 | 183 | 164 | 158 | 159 | 171 | 210 |
| Inventories | 122 | 101 | 86.15 | 97.26 | 112 | 83.22 | 63.17 | 63.18 | 70.17 | 63.14 | 65.10 | 54.07 |
| Trade receivables | 49.01 | 43.99 | 57.99 | 29.99 | 34.01 | 38.03 | 35.01 | 36.99 | 33.99 | 30.99 | 29.99 | 68.05 |
| Cash & equivalents | 1.99 | 0.99 | 0.00 | 0.00 | 0.99 | 3.99 | 6.99 | 1.99 | 0.99 | 0.00 | 0.00 | 0.00 |
| Total Assets | 214 | 177 | 173 | 155 | 172 | 182 | 187 | 168 | 162 | 163 | 176 | 216 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −17.95 | 14.97 | 11.97 | 1.99 | −5.98 | 27.93 | 12.97 | −0.99 | −0.99 | −1.99 | 0.99 | −0.99 |
| Cash from investing activity | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | 0.00 | 1.01 | 2.01 | 2.01 | 6.01 | 2.01 | 1.01 |
| Cash from financing activity | 18.99 | −15.99 | −13.01 | −3.01 | 3.99 | −25.01 | −10.99 | −6.01 | −2.01 | −5.01 | −3.01 | 0.00 |
| Net cash flow | 0.99 | −1.99 | 0.00 | −0.99 | 0.99 | 2.99 | 2.99 | −4.99 | −0.99 | −0.99 | 0.00 | 0.00 |
| Capex | 0.07 | 0.05 | 0.00 | 0.02 | 0.04 | 0.05 | 0.30 | 0.06 | 0.07 | 0.04 | 0.96 | 2.21 |
| Free cash flow | −18.05 | 15.04 | 12.05 | 2.01 | −6.03 | 28.09 | 13.05 | −1.01 | −1.01 | −2.01 | 0.00 | −3.01 |
| CFO / OP % | −293.0% | 255.0% | 407.0% | 58.0% | −441.0% | 254.0% | 106.0% | 68.0% | 86.0% | 59.0% | 39.0% | 25.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 625 | 345 | 1,491 | 1,903 | 1,703 | 204 | 194 | 2,406 | 6,204 | 1,009 | 671 | 301 |
| Inventory days | — | — | — | — | — | — | — | — | — | 3,676 | — | 1,591 |
| Days payable | — | — | — | — | — | — | — | — | — | 132 | — | 63 |
| Cash conversion cycle | 624 | 344 | 1,490 | 1,902 | 1,702 | 203 | 193 | 2,405 | 6,203 | 4,553 | 670 | 1,829 |
| Working capital days | 1,115 | 607 | 2,215 | 5,527 | 4,429 | 481 | 523 | 6,325 | 17,920 | 3,318 | 2,354 | 634 |
| ROCE % | 5.0% | 5.0% | 2.0% | 3.0% | 1.0% | 11.0% | 16.1% | 1.0% | 1.0% | 5.0% | 10.1% | 41.1% |
For the Mar 2026 quarter, Garnet Construction reported sales of ₹10.39 Cr and net profit of ₹4.73 Cr, up 215.3% year on year. The operating margin was 32.7%.
Garnet Construction's sales for the year to Mar 2026 were ₹82.97 Cr; over the last twelve months they were ₹82.81 Cr.
Net profit for the year to Mar 2026 was ₹39.03 Cr, and ₹39.51 Cr over the last twelve months. Earnings per share over the same trailing period were ₹28.34.
Garnet Construction reported borrowings of ₹8 Cr at Mar 2026, against cash and equivalents of ₹0 Cr.
Cash from operations was −₹0.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3.01 Cr.