Cash flow Garnet Construction Limited

Stocks

GARNET6

INE797D01017

Real Estate Development & Operations

Delayed Bombay S.E. Other stock markets 03:32:30 2026-07-07 EDT			5-day change	1st Jan Change
70.29 ^INR	+1.85%		+0.34%	+3.02%

05-30	Garnet Construction Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI
03-24	Garnet Construction Appoints CFO	MT

19ecd4d377659373eb2a.E0Y3aM-sSx8saziYo3hahk_4jjvK5ydNkWKJmPoNgtQ.WXB_WqjHHXgUI1HSlSoA_nqB4gyNhlMj-BTfr5VUwJdZIFE3nNUOfm8cbQ

Published financial data: GARNET CONSTRUCTION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	669M	55.66M	20.51M	111M	161M
Other Revenues, Total	-	-	-	-	-
Total Revenues	669M	55.66M	20.51M	111M	161M
Cost of Goods Sold, Total	407M	37.7M	3.89M	94.93M	28.42M
Gross Profit	261M	17.96M	16.62M	16.37M	132M
Selling General & Admin Expenses, Total	42.13M	23.3M	17.42M	21.59M	27.86M
Depreciation & Amortization - (IS)	3.33M	3.48M	3.34M	2.87M	3.12M
Other Operating Expenses	55.3M	7.16M	12.62M	14.34M	26.42M
Other Operating Expenses, Total	101M	33.95M	33.37M	38.79M	57.41M
Operating Income	160M	-15.99M	-16.75M	-22.42M	75.08M
Interest Expense, Total	-6.56M	-4.74M	-2.37M	-7.01M	-8.47M
Interest And Investment Income	2.61M	24.81M	20.99M	59.76M	32.41M
Net Interest Expenses	-3.95M	20.07M	18.62M	52.75M	23.94M
Other Non Operating Income (Expenses)	13.54M	317K	2.7M	10.61M	-22K
EBT, Excl. Unusual Items	170M	4.4M	4.57M	40.94M	99M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	170M	4.4M	4.57M	40.94M	99M
Income Tax Expense	43.47M	2.02M	1.65M	11.54M	24.94M
Earnings From Continuing Operations	126M	2.37M	2.92M	29.4M	74.06M
Extraordinary Item & Accounting Change	-	2.72M	-	-	-
Net Income to Company	126M	5.1M	2.92M	29.4M	74.06M
Minority Interest	-	-	-	-	-
Net Income - (IS)	126M	5.1M	2.92M	29.4M	74.06M
Net Income to Common Incl Extra Items	126M	5.1M	2.92M	29.4M	74.06M
Net Income to Common Excl. Extra Items	126M	2.37M	2.92M	29.4M	74.06M
Per Share Items
Net EPS - Basic	9.1	0.37	0.21	2.11	5.33
Basic EPS - Continuing Operations	9.1	0.17	0.21	2.11	5.33
Basic Weighted Average Shares Outstanding	13.9M	13.9M	13.9M	13.9M	13.9M
Net EPS - Diluted	9.1	0.37	0.21	2.11	5.33
Diluted EPS - Continuing Operations	9.1	0.17	0.21	2.11	5.33
Diluted Weighted Average Shares Outstanding	13.9M	13.9M	13.9M	13.9M	13.9M
Normalized Basic EPS	7.64	0.2	0.21	1.84	4.45
Normalized Diluted EPS	7.64	0.2	0.21	1.84	4.45
Supplemental Items
EBITDA	164M	-12.5M	-13.41M	-19.55M	78.21M
EBITA	160M	-15.99M	-16.75M	-22.42M	75.08M
EBIT	160M	-15.99M	-16.75M	-22.42M	75.08M
EBITDAR	169M	-8.03M	-11.31M	-	-
Total Revenues (As Reported)	685M	80.81M	44.2M	182M	194M
Effective Tax Rate - (Ratio)	25.58	46	36.18	28.18	25.2
Current Domestic Taxes	44.65M	2.32M	2.18M	11.8M	25M
Total Current Taxes	44.65M	2.32M	2.18M	11.8M	25M
Deferred Domestic Taxes	-1.17M	-297K	-523K	-261K	-56K
Total Deferred Taxes	-1.17M	-297K	-523K	-261K	-56K
Normalized Net Income	106M	2.75M	2.86M	25.59M	61.88M
Interest Capitalized	27.11M	17.17M	17.56M	-	-
Interest on Long-Term Debt	-	-	-	80K	41K
Non-Cash Pension Expense	72.23K	84.18K	124K	122K	144K
Supplemental Operating Expense Items
Advertising Expense	199K	169K	237K	181K	341K
Selling and Marketing Expenses	199K	169K	237K	181K	341K
Net Rental Expense, Total	4.95M	4.47M	2.1M	-	-
Imputed Operating Lease Interest Expense	5.53M	4.33M	2.18M	-	-
Imputed Operating Lease Depreciation	-576K	138K	-83.65K	-	-
Maintenance & Repair Expenses, Total	647K	836K	868K	1.33M	1.28M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	72.52M	22.01M	13.31M	668K	648K
Short Term Investments	55.23M	-	-	-	-
Total Cash And Short Term Investments	128M	22.01M	13.31M	668K	648K
Accounts Receivable, Total	354M	367M	342M	308M	295M
Other Receivables	6.1M	5.93M	10.28M	9.5M	7.98M
Notes Receivable	456M	476M	438M	548M	641M
Total Receivables	816M	849M	790M	865M	945M
Inventory	630M	634M	696M	633M	650M
Prepaid Expenses	662K	128K	138K	139K	133K
Other Current Assets, Total	230M	123M	56.34M	81.47M	103M
Total Current Assets	1.81B	1.63B	1.56B	1.58B	1.7B
Gross Property Plant And Equipment	69.32M	68.29M	68.9M	69.21M	78.71M
Accumulated Depreciation	-21.53M	-23.51M	-26.85M	-29.72M	-32.84M
Net Property Plant And Equipment	47.78M	44.78M	42.05M	39.49M	45.87M
Long-term Investments	976K	977K	1.03M	552K	552K
Loans Receivable Long-Term	5.59M	5.58M	4.58M	4.58M	4.58M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	5.37M	5.05M	5.06M	5.58M	5.63M
Total Assets	1.86B	1.68B	1.61B	1.63B	1.76B
Liabilities
Accounts Payable, Total	170M	24.98M	24.73M	22.71M	25.73M
Accrued Expenses, Total	3.59M	1.42M	1.46M	88.53M	76.75M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	37.27M	48.35M	29.28M	6.69M	29.32M
Current Income Taxes Payable	29.85M	8.11K	-	8.24M	20.07M
Other Current Liabilities	533M	565M	501M	442M	508M
Total Current Liabilities	773M	640M	556M	568M	660M
Long-Term Debt	165M	111M	118M	98.77M	56.52M
Pension & Other Post Retirement Benefits	1.2M	1.73M	1.6M	1.72M	-
Deferred Tax Liability Non Current	8.24M	8.08M	7.73M	7.43M	7.29M
Other Non Current Liabilities	5.72K	-	-	-	2.49M
Total Liabilities	947M	761M	683M	676M	726M
Common Stock, Total	139M	139M	139M	139M	139M
Additional Paid In Capital	433M	433M	433M	433M	433M
Retained Earnings	345M	350M	354M	383M	457M
Comprehensive Income and Other	-	-	-	-	313K
Total Common Equity	917M	922M	926M	955M	1.03B
Minority Interest	-	-	-	-	-
Total Equity	917M	922M	926M	955M	1.03B
Total Liabilities And Equity	1.86B	1.68B	1.61B	1.63B	1.76B
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	65.99	66.35	66.6	68.71	74.01
Tangible Book Value	917M	922M	926M	955M	1.03B
Tangible Book Value Per Share	65.99	66.35	66.6	68.71	74.01
Total Debt	202M	160M	147M	105M	85.84M
Net Debt	74.29M	138M	134M	105M	85.19M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.26M	1.81M	1.67M	2.26M	3.17M
Debt Equivalent Oper. Leases	39.6M	35.77M	16.8M	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	82.01M	107M	162M	113M	122M
Inventories - Finished Goods, Total	548M	527M	535M	521M	528M
Buildings, Total	40.74M	40.74M	40.74M	40.74M	40.74M
Machinery, Total	28.57M	27.55M	28.16M	28.47M	37.97M
Full Time Employees	31	26	24	23	36

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	126M	5.1M	2.92M	29.4M	74.06M
Depreciation & Amortization - CF	3.33M	3.48M	3.34M	2.87M	3.12M
Depreciation & Amortization, Total	3.33M	3.48M	3.34M	2.87M	3.12M
(Gain) Loss From Sale Of Asset	-355K	-144K	-	-	-150K
Other Operating Activities, Total	17.04M	-2.7M	-17.96M	-52.5M	-22.94M
Change In Accounts Receivable	26.64M	-13.14M	24.54M	34.06M	12.14M
Change In Inventories	198M	-3.07M	-62.79M	62.85M	-16.54M
Change In Accounts Payable	55.89M	-145M	-251K	-679K	3.02M
Change in Other Net Operating Assets	-298M	144M	36.2M	-99.33M	-46.88M
Cash from Operations	129M	-10.74M	-14M	-23.33M	5.84M
Capital Expenditure	-2.92M	-486K	-609K	-313K	-9.5M
Sale of Property, Plant, and Equipment	355K	153K	-	-	150K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	15.88M	24.81M	20.99M	59.76M	32.41M
Cash from Investing	13.32M	24.47M	20.38M	59.44M	23.06M
Short Term Debt Issued, Total	-	-	-	-	46.42M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	46.42M
Short Term Debt Repaid, Total	-54.52M	-	-	-	-22.11M
Long-Term Debt Repaid, Total	-24.05M	-42.33M	-12.7M	-41.54M	-43.94M
Total Debt Repaid	-78.57M	-42.33M	-12.7M	-41.54M	-66.05M
Other Financing Activities, Total	-33.67M	-21.91M	-2.37M	-7.22M	-9.29M
Cash from Financing	-112M	-64.24M	-15.08M	-48.76M	-28.92M
Net Change in Cash	30.47M	-50.51M	-8.7M	-12.65M	-20K
Supplemental Items
Cash Interest Paid	33.67M	21.91M	2.38M	7.22M	9.29M
Cash Income Tax Paid (Refund)	44.81M	2.15M	2.18M	11.8M	25M
Levered Free Cash Flow	130M	-82.07M	-11.8M	-18.57M	-13.16M
Unlevered Free Cash Flow	134M	-79.11M	-10.32M	-14.19M	-7.86M
Change In Net Working Capital	-33.81M	72.11M	2.58M	2.74M	48.42M
Net Debt Issued / Repaid	-78.57M	-42.33M	-12.7M	-41.54M	-19.63M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.44	-0.56	-0.64	-0.86	2.77
Return on Total Capital	9.15	-0.91	-0.97	-1.31	4.31
Return On Equity %	14.81	0.26	0.32	3.13	7.47
Return on Common Equity	14.81	0.26	0.32	3.13	7.47
Margin Analysis
Gross Profit Margin %	39.06	32.27	81.05	14.71	82.34
SG&A Margin	6.3	41.87	84.92	19.39	17.31
EBITDA Margin %	24.48	-22.47	-65.39	-17.56	48.6
EBITA Margin %	23.98	-28.72	-81.66	-20.14	46.66
EBIT Margin %	23.98	-28.72	-81.66	-20.14	46.66
Income From Continuing Operations Margin %	18.92	4.27	14.22	26.42	46.03
Net Income Margin %	18.92	9.16	14.22	26.42	46.03
Net Avail. For Common Margin %	18.92	4.27	14.22	26.42	46.03
Normalized Net Income Margin	15.89	4.94	13.92	22.99	38.45
Levered Free Cash Flow Margin	19.5	-147.46	-57.53	-16.68	-8.18
Unlevered Free Cash Flow Margin	20.11	-142.14	-50.3	-12.75	-4.89
Asset Turnover
Asset Turnover	0.36	0.03	0.01	0.07	0.1
Fixed Assets Turnover	13.93	1.2	0.47	2.73	3.77
Receivables Turnover (Average Receivables)	1.82	0.15	0.06	0.34	0.53
Inventory Turnover (Average Inventory)	0.56	0.06	0.01	0.14	0.04
Short Term Liquidity
Current Ratio	2.33	2.54	2.8	2.78	2.57
Quick Ratio	0.63	0.62	0.66	0.56	0.46
Operating Cash Flow to Current Liabilities	0.17	-0.02	-0.03	-0.04	0.01
Days Sales Outstanding (Average Receivables)	200.45	2.36K	6.31K	1.07K	683.83
Days Outstanding Inventory (Average Inventory)	653.4	6.12K	62.44K	2.56K	8.24K
Average Days Payable Outstanding	246.67	871.04	136.08	262.97	196.61
Cash Conversion Cycle (Average Days)	607.18	7.61K	68.62K	3.37K	8.73K
Long Term Solvency
Total Debt/Equity	22.02	17.31	15.88	11.04	8.34
Total Debt / Total Capital	18.05	14.76	13.7	9.94	7.7
LT Debt/Equity	17.96	12.07	12.71	10.34	5.49
Long-Term Debt / Total Capital	14.72	10.29	10.97	9.31	5.07
Total Liabilities / Total Assets	50.8	45.21	42.46	41.43	41.38
EBIT / Interest Expense	24.45	-3.37	-7.05	-3.2	8.87
EBITDA / Interest Expense	24.96	-2.64	-5.65	-2.79	9.24
(EBITDA - Capex) / Interest Expense	24.52	-2.74	-5.91	-2.83	8.11
Total Debt / EBITDA	1.23	-12.77	-10.96	-5.4	1.1
Net Debt / EBITDA	0.45	-11.01	-9.97	-5.36	1.09
Total Debt / (EBITDA - Capex)	1.26	-12.29	-10.49	-5.31	1.25
Net Debt / (EBITDA - Capex)	0.46	-10.6	-9.54	-5.28	1.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.21	-91.68	-63.15	452.76	44.57
Gross Profit, 1 Yr. Growth %	42.31	-93.12	-7.46	6.32	709.14
EBITDA, 1 Yr. Growth %	40.78	-107.64	7.25	41.84	-500.09
EBITA, 1 Yr. Growth %	42.15	-109.97	4.75	30.96	-434.95
EBIT, 1 Yr. Growth %	42.15	-109.97	4.75	30.96	-434.95
Earnings From Cont. Operations, 1 Yr. Growth %	83.46	-98.12	22.83	908.33	151.88
Net Income, 1 Yr. Growth %	83.46	-95.97	-42.8	908.33	151.88
Normalized Net Income, 1 Yr. Growth %	75.5	-97.41	3.94	796.08	141.81
Diluted EPS Before Extra, 1 Yr. Growth %	83.46	-98.12	22.83	908.34	151.88
Accounts Receivable, 1 Yr. Growth %	-7	3.71	-6.69	-9.97	-3.95
Inventory, 1 Yr. Growth %	-23.89	0.49	9.91	-9.03	2.61
Net Property, Plant and Equip., 1 Yr. Growth %	-0.86	-6.29	-6.09	-6.08	16.14
Total Assets, 1 Yr. Growth %	2.42	-9.71	-4.43	0.36	7.62
Tangible Book Value, 1 Yr. Growth %	16.02	0.55	0.37	3.16	7.73
Common Equity, 1 Yr. Growth %	16.02	0.55	0.37	3.16	7.73
Cash From Operations, 1 Yr. Growth %	-53.41	-108.3	30.39	66.6	-125.02
Capital Expenditures, 1 Yr. Growth %	594.1	-83.34	25.31	-48.6	2.93K
Levered Free Cash Flow, 1 Yr. Growth %	-33.52	-162.96	-85.62	58.05	-29.15
Unlevered Free Cash Flow, 1 Yr. Growth %	-35.96	-158.84	-86.96	34.53	-44.58
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	187.16	-71.47	-82.49	41.41	182.69
Gross Profit, 2 Yr. CAGR %	124.75	-68.71	-74.77	-4.52	193.3
EBITDA, 2 Yr. CAGR %	182.29	-67.21	-71.38	25.03	138.22
EBITA, 2 Yr. CAGR %	219.67	-62.36	-67.68	18.42	109.44
EBIT, 2 Yr. CAGR %	219.67	-62.36	-67.68	18.42	109.44
Earnings From Cont. Operations, 2 Yr. CAGR %	297.67	-81.44	-84.82	251.93	403.96
Net Income, 2 Yr. CAGR %	294.98	-72.81	-84.82	140.16	403.96
Normalized Net Income, 2 Yr. CAGR %	282.22	-78.69	-83.6	205.18	365.49
Diluted EPS Before Extra, 2 Yr. CAGR %	296.06	-81.44	-84.82	251.93	403.96
Accounts Receivable, 2 Yr. CAGR %	1.98	-1.79	-1.62	-8.46	-7.01
Inventory, 2 Yr. CAGR %	-27.05	-12.55	5.09	-0.01	-3.38
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.84	-3.61	-6.19	-6.08	4.44
Total Assets, 2 Yr. CAGR %	-0.85	-3.83	-7.11	-1.58	3.93
Tangible Book Value, 2 Yr. CAGR %	12.7	8.01	0.46	1.76	5.42
Common Equity, 2 Yr. CAGR %	12.7	8.01	0.46	1.76	5.42
Cash From Operations, 2 Yr. CAGR %	48.73	-80.34	-67.1	47.39	-35.44
Capital Expenditures, 2 Yr. CAGR %	215.37	7.52	-54.3	-19.75	294.94
Levered Free Cash Flow, 2 Yr. CAGR %	7.01	-35.3	-69.91	-52.43	5.82
Unlevered Free Cash Flow, 2 Yr. CAGR %	9.97	-38.61	-72.3	-57.65	-13.65
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	125.37	-11.79	-68.93	-44.99	42.46
Gross Profit, 3 Yr. CAGR %	66.76	-29.7	-55.09	-60.27	94.66
EBITDA, 3 Yr. CAGR %	69.04	-15.25	-51.32	-50.76	84.25
EBITA, 3 Yr. CAGR %	78.35	0.62	-47.05	-48.1	67.47
EBIT, 3 Yr. CAGR %	78.35	0.62	-47.05	-48.1	67.47
Earnings From Cont. Operations, 3 Yr. CAGR %	119.62	-33.29	-65.16	-38.51	214.8
Net Income, 3 Yr. CAGR %	119.01	-14.33	-65.16	-38.51	144
Normalized Net Income, 3 Yr. CAGR %	126.85	-27.7	-63.87	-37.78	182.4
Diluted EPS Before Extra, 3 Yr. CAGR %	119.01	-33.47	-65.16	-38.51	214.8
Accounts Receivable, 3 Yr. CAGR %	5.29	2.55	-3.45	-4.57	-6.98
Inventory, 3 Yr. CAGR %	-15.17	-18.83	-5.62	0.16	0.86
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.28	-4.66	-4.44	-6.15	0.81
Total Assets, 3 Yr. CAGR %	2.55	-3.9	-4.03	-4.37	1.4
Tangible Book Value, 3 Yr. CAGR %	8.7	8.49	5.4	1.35	3.71
Common Equity, 3 Yr. CAGR %	8.7	8.49	5.4	1.35	3.71
Cash From Operations, 3 Yr. CAGR %	113.61	-43.16	-63.06	-43.51	-18.4
Capital Expenditures, 3 Yr. CAGR %	264.37	18.32	13.18	-52.47	169.37
Levered Free Cash Flow, 3 Yr. CAGR %	67.54	-10.33	-60.81	-47.77	-45.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	88.33	-10.72	-63.37	-52.74	-53.68
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.65	-17.13	-18.89	6.54	-25.12
Gross Profit, 5 Yr. CAGR %	26.1	-18.24	-21.65	-20.54	-6.3
EBITDA, 5 Yr. CAGR %	22.89	-16.7	-16.92	-0.99	-7.63
EBITA, 5 Yr. CAGR %	26.82	-8.34	-9.94	7.39	-7.82
EBIT, 5 Yr. CAGR %	26.82	-8.34	-9.94	7.39	-7.82
Earnings From Cont. Operations, 5 Yr. CAGR %	42.68	-6	-24.57	29.74	1.44
Net Income, 5 Yr. CAGR %	42.47	9.01	-24.69	29.39	1.44
Normalized Net Income, 5 Yr. CAGR %	41.65	-13.26	-20.69	28.62	0.44
Diluted EPS Before Extra, 5 Yr. CAGR %	42.47	-5.78	-24.69	29.53	1.44
Accounts Receivable, 5 Yr. CAGR %	-4.08	-8.79	2.47	-2	-4.94
Inventory, 5 Yr. CAGR %	-9.98	-7.32	-7.58	-11.77	-4.73
Net Property, Plant and Equip., 5 Yr. CAGR %	-6.87	-6.24	-5.65	-5.23	-0.98
Total Assets, 5 Yr. CAGR %	-1.08	-2.55	-1.43	-2.98	-0.73
Tangible Book Value, 5 Yr. CAGR %	6.45	5.61	5.33	5.75	5.41
Common Equity, 5 Yr. CAGR %	6.45	5.61	5.33	5.75	5.41
Cash From Operations, 5 Yr. CAGR %	4.37	-38.95	1.07	-16.79	-53.82
Capital Expenditures, 5 Yr. CAGR %	50.97	65.61	58.82	1.32	86.58
Levered Free Cash Flow, 5 Yr. CAGR %	12.7	4.24	-15.7	-30.42	-41.74
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.17	1.37	-12.51	-33.75	-48.15