Income Statement Garnet International Limited

Stocks

GARNETINT6

INE590B01010

Investment Management & Fund Operators

Market Closed - Bombay S.E. 06:02:28 2026-10-07 EDT			5-day change	1st Jan Change
50.05 ^INR	-0.83%		-3.75%	-4.30%

09-24	Garnet International Limited Announces Appointment of Sunil G. Nair as Company Secretary & Compliance Officer, Effective September 24, 2026	CI
08-14	Garnet International Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

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Published financial data: GARNET INTERNATIONAL LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	434M	568M	195M	71.38M	6.56M
Gain (Loss) on Sale of Investment, Total (Rev)	-	-612K	-	-	35.35M
Interest And Invest. Income (Rev)	3.38M	4.07M	7.87M	5.11M	5.92M
Other Revenues, Total	-	21.84M	-	10.85M	916K
Total Revenues	437M	593M	203M	87.35M	48.75M
Cost of Goods Sold, Total	251M	324M	143M	53.4M	6.63M
Gross Profit	186M	269M	59.83M	33.94M	42.12M
Selling General & Admin Expenses, Total	61.6M	75.1M	4.39M	7.36M	4.57M
Depreciation & Amortization - (IS)	8.09M	9.43M	-	-	-
Other Operating Expenses	104M	135M	30.71M	24.62M	3.72M
Other Operating Expenses, Total	174M	219M	35.11M	31.98M	8.28M
Operating Income	12.84M	49.84M	24.72M	1.96M	33.83M
Interest Expense, Total	-3.28M	-11.72M	-94K	-64K	-18K
Net Interest Expenses	-3.28M	-11.72M	-94K	-64K	-18K
Income (Loss) On Equity Invest.	-	-	8.24M	13.64M	13.58M
Currency Exchange Gains (Loss)	-6K	85K	-	-	-
Other Non Operating Income (Expenses)	-16.83M	-38K	-37.02M	-	-
EBT, Excl. Unusual Items	-7.28M	38.16M	-4.15M	15.53M	47.4M
Gain (Loss) On Sale Of Investments	-1.35M	-	-996K	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-54.44M	-	-
EBT, Incl. Unusual Items	-8.63M	38.16M	-59.59M	15.53M	47.4M
Income Tax Expense	3.86M	5.54M	253K	188K	-77K
Earnings From Continuing Operations	-12.49M	32.63M	-59.84M	15.35M	47.48M
Net Income to Company	-12.49M	32.63M	-59.84M	15.35M	47.48M
Minority Interest	-4.73M	-4.2M	-95K	-134K	33K
Net Income - (IS)	-17.23M	28.42M	-59.94M	15.21M	47.51M
Net Income to Common Incl Extra Items	-17.23M	28.42M	-59.94M	15.21M	47.51M
Net Income to Common Excl. Extra Items	-17.23M	28.42M	-59.94M	15.21M	47.51M
Per Share Items
Net EPS - Basic	-0.88	1.45	-3.05	0.77	2.42
Basic EPS - Continuing Operations	-0.88	1.45	-3.05	0.77	2.42
Basic Weighted Average Shares Outstanding	19.64M	19.64M	19.64M	19.64M	19.64M
Net EPS - Diluted	-0.88	1.45	-3.05	0.77	2.42
Diluted EPS - Continuing Operations	-0.88	1.45	-3.05	0.77	2.42
Diluted Weighted Average Shares Outstanding	19.64M	19.64M	19.64M	19.64M	19.64M
Normalized Basic EPS	-0.47	1	-0.14	0.49	1.51
Normalized Diluted EPS	-0.47	1	-0.14	0.49	1.51
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	20.93M	59.26M	34.15M	-	-
EBITA	12.84M	49.84M	24.72M	1.96M	33.83M
EBIT	12.84M	49.84M	24.72M	1.96M	33.83M
Total Revenues (As Reported)	438M	593M	-	87.35M	48.75M
Effective Tax Rate - (Ratio)	-44.76	14.51	-0.42	1.21	-0.16
Total Current Taxes	5.57M	5.06M	176K	213K	-
Total Deferred Taxes	-1.71M	481K	77K	-25K	-77K
Normalized Net Income	-9.29M	19.65M	-2.69M	9.57M	29.66M
Non-Cash Pension Expense	19K	15K	17K	14K	15K
Supplemental Operating Expense Items
Advertising Expense	98K	117K	74K	88K	69K
Selling and Marketing Expenses	98K	117K	74K	88K	69K
Net Rental Expense, Total	-	-	-	240K	230K
Imputed Operating Lease Interest Expense	-	-	-	2.98K	1.47K
Imputed Operating Lease Depreciation	-	-	-	237K	229K
Maintenance & Repair Expenses, Total	6.38M	8.85M	1.25M	647K	6K

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	1.22M	3.85M	2.15M	811K	931K
Short Term Investments	4.34M	938K	1.22M	36.64M	14K
Trading Asset Securities, Total	4.33M	3.28M	2.53M	20K	19K
Total Cash And Short Term Investments	9.88M	8.06M	5.9M	37.48M	964K
Accounts Receivable, Total	134M	119M	39.86M	42.82M	41.51M
Other Receivables	195K	107K	21K	676K	352K
Notes Receivable	40.47M	69.22M	63.88M	90.04M	144M
Total Receivables	175M	188M	104M	134M	185M
Inventory	81.84M	86.82M	6.7M	10.42M	12.31M
Prepaid Expenses	91K	444K	13K	11K	10K
Other Current Assets, Total	16.05M	34.55M	12.51M	8.72M	18.41M
Total Current Assets	282M	318M	129M	190M	217M
Gross Property Plant And Equipment	146M	237M	15.66M	20.43M	20.58M
Accumulated Depreciation	-38.24M	-47.66M	-7.62M	-7.62M	-7.62M
Net Property Plant And Equipment	108M	189M	8.04M	12.81M	12.96M
Long-term Investments	63.26M	64.96M	139M	158M	157M
Goodwill	16.75M	16.75M	-	-	-
Other Intangibles, Total	0	0	0	-	-
Deferred Tax Assets Long-Term	57.7M	57.2M	61.63M	61.64M	61.72M
Deferred Charges Long-Term	574K	574K	574K	1M	1.43M
Other Long-Term Assets, Total	900K	1.26M	1.68M	2.17M	2.4M
Total Assets	530M	648M	340M	426M	453M
Liabilities
Accounts Payable, Total	74.07M	54.9M	10.59M	9.54M	8.34M
Accrued Expenses, Total	5.72M	9.66M	69K	399K	463K
Short-term Borrowings	48.66M	66.2M	95K	95K	10.1M
Current Portion of Long-Term Debt	3.37M	-	862K	2.19M	2.51M
Current Income Taxes Payable	1.56M	4.61M	-513K	-	-
Other Current Liabilities	206K	63K	52K	29K	-
Total Current Liabilities	134M	135M	11.16M	12.25M	21.4M
Long-Term Debt	46.07M	150M	49.23M	30M	-
Pension & Other Post Retirement Benefits	223K	226K	191K	227K	391K
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	21.43M	1.34M	5.26M	5.95M	5.72M
Total Liabilities	201M	287M	65.83M	48.43M	27.52M
Common Stock, Total	196M	196M	196M	196M	196M
Additional Paid In Capital	455M	455M	455M	455M	455M
Retained Earnings	-365M	-336M	-400M	-381M	-334M
Comprehensive Income and Other	5.22M	5.24M	22.57M	107M	107M
Total Common Equity	291M	320M	274M	377M	425M
Minority Interest	36.98M	41.18M	249K	383K	350K
Total Equity	328M	361M	274M	378M	425M
Total Liabilities And Equity	530M	648M	340M	426M	453M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.64M	19.64M	19.64M	19.64M	19.64M
ECS Total Common Shares Outstanding	19.64M	19.64M	19.64M	19.64M	19.64M
Book Value / Share	14.85	16.29	13.93	19.21	21.63
Tangible Book Value	275M	303M	274M	377M	425M
Tangible Book Value Per Share	13.99	15.44	13.93	19.21	21.63
Total Debt	98.09M	216M	50.18M	32.28M	12.6M
Net Debt	88.2M	208M	44.28M	-5.19M	11.64M
Debt Equivalent of Unfunded Proj. Benefit Obligation	223K	226K	191K	227K	391K
Debt Equivalent Oper. Leases	-	-	-	1.92M	1.84M
Minority Interest, Total (Incl. Fin. Div)	36.98M	41.18M	249K	383K	350K
Equity Method Investments, Total	-	-	75.6M	89.24M	103M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	33.18M	36.43M	6.7M	10.42M	12.31M
Inventories - Finished Goods, Total	42.94M	44.38M	-	-	-
Inventories - Others	5.72M	6.01M	-	-	-
Land - (BS)	17.33M	17.33M	78K	78K	78K
Buildings, Total	21.72M	21.72M	-	-	-
Machinery, Total	83.91M	111M	7.62M	7.62M	7.62M
Full Time Employees	10	6	6	8	8

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	-17.23M	28.42M	-59.94M	15.21M	47.51M
Depreciation & Amortization - CF	8.09M	9.43M	-	-	-
Depreciation & Amortization, Total	8.09M	9.43M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Provision for Credit Losses	-	-	-	-	-
Other Operating Activities, Total	8.41M	12.44M	-11.56M	-17M	-17.92M
Change In Accounts Receivable	-29.7M	15.32M	78.66M	5.11M	-1.07M
Change In Inventories	-11.32M	-3.93M	80.87M	2.51M	-
Change In Accounts Payable	-9.69M	-19.17M	-44.3M	-1.06M	-1.2M
Change in Other Net Operating Assets	14.97M	-48.74M	23.12M	-33.03M	-62.84M
Cash from Operations	-36.46M	-6.23M	66.85M	-28.26M	-35.52M
Capital Expenditure	-3.48M	-90.68M	-8M	-4.77M	-
Sale of Property, Plant, and Equipment	100K	-	102M	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.7M	1.84M	781K	-41.13M	51.25M
Other Investing Activities, Total	3.38M	4.07M	5.84M	3.61M	4.4M
Cash from Investing	1.69M	-84.78M	101M	-42.28M	55.64M
Short Term Debt Issued, Total	18.54M	40.62M	-	-	-
Long-Term Debt Issued, Total	19.9M	64.78M	-	-	-
Total Debt Issued	38.44M	105M	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-167M	-19.22M	-20M
Total Debt Repaid	-	-	-167M	-19.22M	-20M
Issuance of Common Stock	-	-	-	88.42M	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-3.3M	-11.76M	-	-	-
Cash from Financing	35.14M	93.64M	-167M	69.2M	-20M
Net Change in Cash	376K	2.63M	716K	-1.34M	120K
Supplemental Items
Cash Interest Paid	3.3M	11.76M	-	-	-
Cash Income Tax Paid (Refund)	109K	5M	6.06M	67K	-166K
Levered Free Cash Flow	-45.07M	-107M	130M	-33.52M	-43.45M
Unlevered Free Cash Flow	-43.02M	-99.61M	130M	-33.48M	-43.44M
Change In Net Working Capital	55.65M	49.5M	-123M	29.94M	64.59M
Net Debt Issued / Repaid	38.44M	105M	-167M	-19.22M	-20M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	1.57	5.29	3.13	0.32	4.81
Return on Total Capital	1.94	6.13	3.43	0.33	4.99
Return On Equity %	-3.73	9.46	-18.85	4.71	11.83
Return on Common Equity	-5.74	9.3	-20.2	4.67	11.85
Margin Analysis
Gross Profit Margin %	42.6	45.32	29.46	38.86	86.4
SG&A Margin	14.08	12.66	2.16	8.43	9.37
EBITDA Margin %	4.78	9.99	16.82	-	-
EBITA Margin %	2.93	8.4	12.18	2.24	69.41
EBIT Margin %	2.93	8.4	12.18	2.24	69.41
Income From Continuing Operations Margin %	-2.86	5.5	-29.47	17.57	97.39
Net Income Margin %	-3.94	4.79	-29.52	17.42	97.46
Net Avail. For Common Margin %	-3.94	4.79	-29.52	17.42	97.46
Normalized Net Income Margin	-2.12	3.31	-1.33	10.96	60.84
Levered Free Cash Flow Margin	-10.3	-18.02	64.12	-38.38	-89.14
Unlevered Free Cash Flow Margin	-9.83	-16.79	64.15	-38.33	-89.11
Asset Turnover
Asset Turnover	0.86	1.01	0.41	0.23	0.11
Fixed Assets Turnover	3.96	3.99	2.06	8.38	3.78
Receivables Turnover (Average Receivables)	3.65	4.5	2.46	1.73	0.16
Inventory Turnover (Average Inventory)	3.38	3.85	3.23	6.24	0.58
Short Term Liquidity
Current Ratio	2.11	2.35	11.55	15.53	10.14
Quick Ratio	1.08	0.94	4.1	6.61	2
Operating Cash Flow to Current Liabilities	-0.27	-0.05	5.99	-2.31	-1.66
Days Sales Outstanding (Average Receivables)	100.07	81.08	148.49	211.39	2.35K
Days Outstanding Inventory (Average Inventory)	107.84	94.88	113.31	58.52	625.55
Average Days Payable Outstanding	108.13	71.45	176.37	64.31	382.86
Cash Conversion Cycle (Average Days)	99.78	104.51	85.43	205.59	2.59K
Long Term Solvency
Total Debt/Equity	29.86	59.82	18.32	8.55	2.96
Total Debt / Total Capital	23	37.43	15.49	7.88	2.88
LT Debt/Equity	14.03	41.49	17.98	7.94	-
Long-Term Debt / Total Capital	10.8	25.96	15.19	7.32	-
Total Liabilities / Total Assets	38	44.27	19.38	11.37	6.08
EBIT / Interest Expense	3.91	4.25	263	30.59	1.88K
EBITDA / Interest Expense	6.38	5.06	363.28	-	-
(EBITDA - Capex) / Interest Expense	5.32	-2.68	278.17	-	-
Total Debt / EBITDA	4.69	3.65	1.47	-	-
Net Debt / EBITDA	4.21	3.51	1.3	-	-
Total Debt / (EBITDA - Capex)	5.62	-6.88	1.92	-	-
Net Debt / (EBITDA - Capex)	5.05	-6.62	1.69	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	146.04	35.64	-65.75	-47.08	-44.19
Gross Profit, 1 Yr. Growth %	86.94	44.29	-77.71	55.6	65.17
EBITDA, 1 Yr. Growth %	112.37	183.19	-42.38	-	-
EBITA, 1 Yr. Growth %	684.06	288.29	-50.4	-114.73	1.63K
EBIT, 1 Yr. Growth %	684.06	288.29	-50.4	-114.73	1.63K
Earnings From Cont. Operations, 1 Yr. Growth %	-64.79	-361.16	-283.41	-125.64	209.36
Net Income, 1 Yr. Growth %	-53.78	-264.99	-310.87	-125.38	212.31
Normalized Net Income, 1 Yr. Growth %	-53.75	-311.6	-113.7	-388.94	209.74
Diluted EPS Before Extra, 1 Yr. Growth %	-53.78	-264.99	-310.87	-125.38	212.31
Accounts Receivable, 1 Yr. Growth %	28.51	-11.45	-66.37	7.43	-3.06
Inventory, 1 Yr. Growth %	23.06	6.09	-91.82	55.43	18.13
Net Property, Plant and Equip., 1 Yr. Growth %	-4.17	75.1	-95.75	59.25	1.17
Total Assets, 1 Yr. Growth %	7.79	22.31	-47.57	25.23	6.25
Tangible Book Value, 1 Yr. Growth %	-5.86	10.35	-9.76	37.87	12.61
Common Equity, 1 Yr. Growth %	-5.54	9.76	-14.48	37.87	12.61
Cash From Operations, 1 Yr. Growth %	-2.09	-82.92	-1.17K	-142.26	25.72
Capital Expenditures, 1 Yr. Growth %	-76.2	2.51K	-91.18	-40.42	-
Levered Free Cash Flow, 1 Yr. Growth %	109.25	137.28	-227.54	-131.49	29.62
Unlevered Free Cash Flow, 1 Yr. Growth %	114.18	131.56	-237.46	-131.44	29.74
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	57.95	82.68	-31.87	-61.61	-45.65
Gross Profit, 2 Yr. CAGR %	32.5	64.23	-43.34	-64.44	38.95
EBITDA, 2 Yr. CAGR %	91.39	145.24	27.74	-	-
EBITA, 2 Yr. CAGR %	127.68	451.76	38.79	-80.18	59.54
EBIT, 2 Yr. CAGR %	127.68	451.76	38.79	-80.18	59.54
Earnings From Cont. Operations, 2 Yr. CAGR %	-65.7	-4.11	118.86	-31.42	-10.93
Net Income, 2 Yr. CAGR %	-60.25	-12.68	86.52	-26.84	-10.97
Normalized Net Income, 2 Yr. CAGR %	-29.6	-1.07	-46.16	-30.19	199.16
Diluted EPS Before Extra, 2 Yr. CAGR %	-60.36	-12.68	86.52	-26.84	-10.97
Accounts Receivable, 2 Yr. CAGR %	31.48	6.68	-45.43	-39.89	2.05
Inventory, 2 Yr. CAGR %	18.98	14.26	-71.38	-64.35	35.5
Net Property, Plant and Equip., 2 Yr. CAGR %	0.79	29.54	-72.73	-74	26.93
Total Assets, 2 Yr. CAGR %	5.37	14.82	-19.93	-18.91	15.35
Tangible Book Value, 2 Yr. CAGR %	-8.61	1.92	-0.21	11.55	24.6
Common Equity, 2 Yr. CAGR %	-8.18	1.82	-3.12	8.59	24.6
Cash From Operations, 2 Yr. CAGR %	-43	-59.11	35.4	113	-27.11
Capital Expenditures, 2 Yr. CAGR %	-43.64	149.12	51.66	-77.07	-
Levered Free Cash Flow, 2 Yr. CAGR %	-8.86	122.83	69.97	-42.7	-36.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	-10.17	122.7	74.01	-40.56	-36.13
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-19.26	50.13	4.53	-41.55	-56.51
Gross Profit, 3 Yr. CAGR %	4.8	36.31	-15.65	-43.32	-46.06
EBITDA, 3 Yr. CAGR %	-56.32	118.09	51.33	-	-
EBITA, 3 Yr. CAGR %	-63.28	172.02	147.18	-46.57	-12.11
EBIT, 3 Yr. CAGR %	-63.28	172.02	147.18	-46.57	-12.11
Earnings From Cont. Operations, 3 Yr. CAGR %	-72.14	-32.53	19.03	7.1	13.32
Net Income, 3 Yr. CAGR %	-68.98	-36.12	17.16	-4.06	18.68
Normalized Net Income, 3 Yr. CAGR %	-64.27	1.6	-48.82	1.03	14.71
Diluted EPS Before Extra, 3 Yr. CAGR %	-69.04	-36.23	17.16	-4.06	18.68
Accounts Receivable, 3 Yr. CAGR %	6.65	15.25	-27.4	-31.61	-29.51
Inventory, 3 Yr. CAGR %	60.47	14.52	-53.46	-49.69	-46.85
Net Property, Plant and Equip., 3 Yr. CAGR %	1.41	21.16	-58.54	-50.89	-59.1
Total Assets, 3 Yr. CAGR %	-2.18	10.74	-11.59	-7.01	-11.27
Tangible Book Value, 3 Yr. CAGR %	-12.93	-2.68	-2.13	11.15	11.9
Common Equity, 3 Yr. CAGR %	-12.35	-2.55	-3.93	8.98	9.91
Cash From Operations, 3 Yr. CAGR %	-40.12	-61.86	21.53	-8.15	78.67
Capital Expenditures, 3 Yr. CAGR %	-	102.31	-18.19	11.07	-
Levered Free Cash Flow, 3 Yr. CAGR %	-39.78	25.38	82.17	-9.39	-24.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	-40.65	23.17	86.49	-8.01	-22.89
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.35	-30.9	-24.56	-13.01	-22.8
Gross Profit, 5 Yr. CAGR %	-1.32	-8.89	-18.05	-20.39	-15.83
EBITDA, 5 Yr. CAGR %	-30.98	-28.73	-32.9	-	-
EBITA, 5 Yr. CAGR %	-36.82	-30.8	-37.5	-4.59	83.26
EBIT, 5 Yr. CAGR %	-36.82	-30.8	-37.5	-4.59	83.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-33.98	-22.04	-36.45	-32.08	6
Net Income, 5 Yr. CAGR %	-29.22	-24.29	-36.43	-32.56	4.97
Normalized Net Income, 5 Yr. CAGR %	-34.43	-36.58	-57.9	-12.56	8.12
Diluted EPS Before Extra, 5 Yr. CAGR %	-29.92	-24.98	-36.49	-32.63	4.97
Accounts Receivable, 5 Yr. CAGR %	29.88	20.94	-18.42	-11.17	-16.8
Inventory, 5 Yr. CAGR %	56.66	39.71	-19.48	-29.01	-28.64
Net Property, Plant and Equip., 5 Yr. CAGR %	4.14	12.36	-40.03	-34.53	-35.14
Total Assets, 5 Yr. CAGR %	-3.34	-14.91	-9.71	-2.24	-1.63
Tangible Book Value, 5 Yr. CAGR %	-11.62	-18.91	-8.05	2.78	7.8
Common Equity, 5 Yr. CAGR %	-11.15	-18.34	-8.77	1.76	6.6
Cash From Operations, 5 Yr. CAGR %	-22.89	-62.4	-17.01	-24.11	-0.94
Capital Expenditures, 5 Yr. CAGR %	-34.58	28.69	-	-15.33	-
Levered Free Cash Flow, 5 Yr. CAGR %	14.87	-6.84	-8.8	-9.18	15.07
Unlevered Free Cash Flow, 5 Yr. CAGR %	13.32	-8.82	-8.74	-8.88	16.68
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-