512493
Garnet Intl. financials
- Market cap
- ₹116 Cr
- Sector
- Financial Services
What Garnet Intl. does
Garnet International Limited is a Non-Banking Financial Company (NBFC) whose principal business is the acquisition of securities. It is engaged in secondary market trading in securities and derivatives, and reports this as its single business segment (Investment in securities) under IND AS 108. The company also holds equity stakes in a subsidiary, Whitewall India Private Limited, and an associate, Sukartik Clothing Private Limited.
Segments
- Investment in securities
- Permanent employees
- 8 (as on 31 March 2025)
- Reportable business segments
- 1 (Investment in securities)
- Subsidiary company
- Whitewall India Private Limited — 81% held
- Associate company
- Sukartik Clothing Private Ltd — 43.06% held
Quarterly results
Q1 FY27: revenue down 74.6%, net profit down 124.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 3 | 2 | 2 | 2 +40% | 0 −90% | 0 −76% | 1 −75% |
| EBITDA | -0 | -0 | 0 | 1 | 2 +1700% | 0 +116% | 0 −26% | -0 −125% |
| Net profit | 1 | -0 | 0 | 1 | 3 +400% | 0 +158% | 1 +42% | -0 −125% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −52.0% 1Y
1Y: ₹122.95 on 10 Sept 2025 → ₹59. High ₹124.75 (19 Sept 2025), low ₹44.75 (13 Jan 2026).
Financials, as filed
Revenue fell 56.5% a year over 3 years, FY23 to FY26. Operating margin widened to 66.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹59 Cr | ₹53 Cr | ₹9 Cr | ₹5 Cr |
| Operating profit | ₹6 Cr | ₹2 Cr | ₹-0 Cr | ₹3 Cr |
| Operating margin | 10.0% | 3.2% | -0.6% | 66.1% |
| Interest | ₹1 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹3 Cr | ₹-6 Cr | ₹2 Cr | ₹5 Cr |
| Net margin | 5.5% | -11.2% | 17.4% | 97.3% |
| Cash from operations | ₹-1 Cr | ₹7 Cr | ₹-3 Cr | ₹-4 Cr |
| Free cash flow | ₹-10 Cr | ₹16 Cr | ₹-3 Cr | ₹-4 Cr |
| ROCE | 9.8% | -1.1% | 4.3% | 11.2% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹11 Cr | ₹10 Cr | ₹12 Cr | ₹8 Cr | ₹22 Cr | ₹23 Cr |
| Borrowings | ₹6 Cr | ₹11 Cr | ₹22 Cr | ₹5 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹13 Cr | ₹13 Cr | ₹11 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Total liabilities | ₹49 Cr | ₹53 Cr | ₹65 Cr | ₹34 Cr | ₹44 Cr | ₹45 Cr |
| Fixed assets | ₹11 Cr | ₹10 Cr | ₹12 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹2 Cr | ₹2 Cr | ₹9 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹6 Cr | ₹6 Cr | ₹7 Cr | ₹14 Cr | ₹18 Cr | ₹16 Cr |
| Other assets | ₹30 Cr | ₹34 Cr | ₹38 Cr | ₹19 Cr | ₹25 Cr | ₹28 Cr |
| Total assets | ₹49 Cr | ₹53 Cr | ₹65 Cr | ₹34 Cr | ₹44 Cr | ₹45 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.14 pp while the public trimmed −0.13 pp. The shareholder count shrank 4% to 2,611.
- Promoters
- 49.3%
- Public
- 50.7%
Since Jun 2025
- Promoters +0.14 pp
- Public −0.13 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 48.4%, Public 51.6%.Dec '23: Promoters 48.4%, Public 51.6%.Mar '24: Promoters 49.5%, Public 50.5%.Jun '24: Promoters 50.6%, Public 49.4%.Sep '24: Promoters 49.2%, Public 50.8%.Dec '24: Promoters 49.3%, Public 50.7%.Mar '25: Promoters 49.5%, Public 50.5%.Jun '25: Promoters 49.1%, Public 50.9%.Sep '25: Promoters 51.1%, Public 48.9%.Dec '25: Promoters 49.8%, Public 50.3%.Mar '26: Promoters 49.7%, Public 50.3%.Jun '26: Promoters 49.3%, Public 50.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Maheshkumar Gupta newly disclosed 1.50% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Garnet Intl. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ramakant Gaggar | 21.12% | unchanged |
| Suresh Gaggar | 10.52% | unchanged |
| Indira Suresh Gaggar | 9.86% | unchanged |
| Akalka Kakkar . | 5.13% | unchanged |
| Anita Chainrai Advani . | 4.89% | unchanged |
| Navratan Gaggar | 4.66% | unchanged |
| Religare Finvest Ltd | 3.85% | unchanged |
| Balram Chainrai | 2.76% | unchanged |
| Vaibhav Credit & Portfolio Private Limited | 2.04% | unchanged |
| Amar Packagings Private Limited | 1.63% | unchanged |
| Maheshkumar Gupta | 1.50% | newly disclosed |
| Mangal Savitri Investment Private Limited | 1.39% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Garnet Intl.
Guides on how to read this kind of business and the numbers that matter.