About Garnet International Limited
Data last updated:
Garnet International Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 09 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74110MH1995PLC093448. The company has 2 GST registrations on record, none of which is active. Its shares are listed on BSE: 512493.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹19.64 Cr. It is led by directors including Ramakant Gaggar (Managing Director) and Suresh Gaggar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 901 Raheja Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4.87 Cr, a decline of 44.2% compared to the previous year. For the same year it recorded a net profit of ₹4.75 Cr (net margin 97.5%) and EBITDA of ₹3.38 Cr (EBITDA margin 69.4%). The net worth stands at ₹42.48 Cr (up 12.6% YoY). Total assets are valued at ₹43.52 Cr (up 6.7% YoY).
The company has about 5 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Garnet International. Court records list 1 case involving the company, including 1 filed against it. The company has 108 deals on record (107 market trades, 1 funding round), with disclosed funding of ₹5.4 Cr; the latest was in December 2025. Its 10 peer companies in the Apparel industry (Apparel Retail and Distribution, NBFC Investment and Credit Companies, Small Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Arpna Capital Services Pvt Ltd with revenue of ₹69.35 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garnetint.com.
CIN History of Garnet International Limited
Garnet International has one previous CIN (Corporate Identification Number): L99999MH1995PLC093448. The current CIN is L74110MH1995PLC093448, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110MH1995PLC093448 | Current |
| L99999MH1995PLC093448 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address901 Raheja Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands with Garnet International Limited
Garnet International operates one associated brand: Garnet International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Small and mid-cap firms are targeted for private equity investments. | garnetint.com |
Business Activity of Garnet International Limited
Garnet International operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Financials of Garnet International Limited FY 2025-26 filings available
Garnet International Limited reported revenue of ₹4.87 Cr (down 44.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4.87 | 8.73 | 20.31 | 59.33 | 43.84 | 17.78 | 17.53 |
| Revenue growth | -44.2% | -57.0% | -65.8% | +35.3% | +146.6% | +1.4% | - |
| EBITDA | 3.38 | 0.19 | (6.79) | 5.93 | 0.26 | (1.32) | (9.98) |
| EBITDA margin | +69.4% | +2.2% | -33.4% | +10.0% | +0.6% | -7.4% | -56.9% |
| Profit before tax | 4.74 | 1.54 | (5.95) | 3.81 | (0.88) | (2.38) | (10.96) |
| Net profit | 4.75 | 1.51 | (0.57) | 2.83 | (1.74) | (3.73) | (10.89) |
| Net profit margin | +97.5% | +17.3% | -2.8% | +4.8% | -4.0% | -21.0% | -62.1% |
| EPS (₹) | 2.42 | 0.77 | (3.05) | 1.45 | (0.88) | (1.90) | (5.55) |
| Balance sheet | |||||||
| Total assets | 43.52 | 40.77 | 32.32 | 57.71 | 43.91 | 39.73 | 39.91 |
| Net worth | 42.48 | 37.73 | 27.37 | 32.00 | 29.15 | 30.86 | 34.58 |
| Total debt | 1.01 | 3.01 | 4.93 | 21.60 | 11.07 | 5.65 | 2.29 |
| Cash & bank | 0.09 | 3.75 | 0.34 | 0.43 | 0.58 | 0.71 | 0.81 |
| Net working capital | 5.99 | 8.50 | 5.08 | 17.94 | 15.29 | 10.96 | 8.37 |
| Cash flow | |||||||
| Cash from operations | (3.55) | (2.83) | 6.69 | (0.62) | (3.65) | (3.72) | (11.22) |
| Cash from investing | 5.56 | (4.23) | 10.06 | (8.48) | 0.17 | 0.21 | 11.10 |
| Cash from financing | (2.00) | 6.92 | (16.67) | 9.36 | 3.51 | 3.14 | 0.36 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.54 | 0.42 | 0.28 | 2.04 | 2.13 | 1.77 | 2.86 | 1.46 |
| Revenue growth (YoY) | -74.7% | -76.3% | -90.2% | +39.7% | -19.3% | - | - | - |
| Other income | 0.00 | 0.40 | 0.07 | 1.04 | 0.00 | 0.22 | 0.00 | 0.67 |
| EBITDA | (0.31) | 0.14 | 0.03 | 1.76 | 1.29 | 0.19 | (0.18) | (0.11) |
| EBITDA margin | -57.4% | +33.3% | +10.7% | +86.3% | +60.6% | +10.7% | -6.3% | -7.5% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Profit before tax | (0.31) | 0.54 | 0.10 | 2.80 | 1.29 | 0.40 | (0.18) | 0.56 |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Net profit | (0.31) | 0.55 | 0.10 | 2.80 | 1.29 | 0.38 | (0.18) | 0.56 |
| EPS (₹) | (0.16) | 0.28 | 0.05 | 1.43 | 0.66 | 0.20 | (0.09) | 0.29 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4.07 | 3.27 | 19.65 | 21.62 | 10.39 | 1.29 | 2.34 |
| Revenue growth | +24.5% | -83.4% | -9.1% | +108.1% | +705.4% | -44.9% | - |
| EBITDA | 3.41 | 0.10 | (1.42) | 1.86 | (2.83) | (2.86) | (12.15) |
| EBITDA margin | +83.8% | +3.1% | -7.2% | +8.6% | -27.2% | -221.7% | -519.2% |
| Profit before tax | 3.41 | 0.10 | (1.40) | 1.86 | (2.83) | (2.88) | (12.18) |
| Net profit | 3.42 | 0.10 | (1.41) | 1.86 | (2.83) | (4.15) | (11.55) |
| Net profit margin | +84.0% | +3.1% | -7.2% | +8.6% | -27.2% | -321.7% | -493.6% |
| EPS (₹) | 1.73 | 0.05 | (0.72) | 0.95 | (1.44) | (2.11) | (5.89) |
| Balance sheet | |||||||
| Total assets | 38.51 | 37.10 | 30.08 | 32.06 | 28.78 | 29.32 | 32.07 |
| Net worth | 37.50 | 34.09 | 25.15 | 26.56 | 24.70 | 27.52 | 31.65 |
| Total debt | 1.01 | 3.01 | 4.93 | 5.51 | 4.08 | 1.80 | 0.42 |
| Cash & bank | 0.09 | 3.75 | 0.20 | 0.12 | 0.47 | 0.60 | 0.70 |
| Net working capital | 5.77 | 8.36 | 5.48 | 3.68 | 3.28 | 3.94 | 3.37 |
| Cash flow | |||||||
| Cash from operations | (3.57) | (3.16) | 0.08 | (2.13) | (2.72) | (3.27) | (12.03) |
| Cash from investing | 5.58 | (3.75) | 0.48 | 0.71 | 0.50 | 1.52 | 12.05 |
| Cash from financing | (2.00) | 6.92 | (0.58) | 1.43 | 2.28 | 1.37 | 0.20 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.53 | 0.33 | 0.19 | 1.92 | 1.63 | 0.36 | 1.48 | 0.00 |
| Revenue growth (YoY) | -67.5% | -8.3% | -87.2% | - | +14.0% | - | - | - |
| Other income | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.52 | 0.21 | 0.14 | 0.12 | 0.19 | 0.20 | 1.45 | 0.13 |
| EBITDA | 0.01 | 0.12 | 0.05 | 1.80 | 1.44 | 0.16 | 0.03 | (0.13) |
| EBITDA margin | +1.9% | +36.4% | +26.3% | +93.8% | +88.3% | +44.4% | +2.0% | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.02 | 0.12 | 0.05 | 1.80 | 1.44 | 0.16 | 0.03 | (0.13) |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.54 | 0.42 | 0.28 | 2.04 | 2.13 | 1.77 | 2.86 | 1.46 |
| Revenue growth (YoY) | -74.7% | -76.3% | -90.2% | +39.7% | -19.3% | - | - | - |
| Other income | 0.00 | 0.40 | 0.07 | 1.04 | 0.00 | 0.22 | 0.00 | 0.67 |
| EBITDA | (0.31) | 0.14 | 0.03 | 1.76 | 1.29 | 0.19 | (0.18) | (0.11) |
| EBITDA margin | -57.4% | +33.3% | +10.7% | +86.3% | +60.6% | +10.7% | -6.3% | -7.5% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Profit before tax | (0.31) | 0.54 | 0.10 | 2.80 | 1.29 | 0.40 | (0.18) | 0.56 |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Net profit | (0.31) | 0.55 | 0.10 | 2.80 | 1.29 | 0.38 | (0.18) | 0.56 |
| EPS (₹) | (0.16) | 0.28 | 0.05 | 1.43 | 0.66 | 0.20 | (0.09) | 0.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4.87 | 8.73 | 20.31 | 59.33 | 43.84 | 17.78 | 17.53 |
| Revenue growth | -44.2% | -57.0% | -65.8% | +35.3% | +146.6% | +1.4% | - |
| Other income | 1.36 | 1.36 | 0.85 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 1.49 | 8.54 | 27.10 | 53.40 | 43.58 | 19.10 | 27.51 |
| Employee cost | 0.25 | 0.52 | 0.25 | 7.09 | 5.85 | 0.51 | 0.74 |
| EBITDA | 3.38 | 0.19 | (6.79) | 5.93 | 0.26 | (1.32) | (9.98) |
| EBITDA margin | +69.4% | +2.2% | -33.4% | +10.0% | +0.6% | -7.4% | -56.9% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.94 | 0.81 | 0.82 | 0.82 |
| Interest | 0.00 | 0.01 | 0.01 | 1.18 | 0.33 | 0.24 | 0.16 |
| Profit before tax | 4.74 | 1.54 | (5.95) | 3.81 | (0.88) | (2.38) | (10.96) |
| Tax | (0.01) | 0.02 | 0.03 | 0.56 | 0.39 | 1.17 | (0.35) |
| Net profit | 4.75 | 1.51 | (0.57) | 2.83 | (1.74) | (3.73) | (10.89) |
| Net profit margin | +97.5% | +17.3% | -2.8% | +4.8% | -4.0% | -21.0% | -62.1% |
| EPS (₹) | 2.42 | 0.77 | (3.05) | 1.45 | (0.88) | (1.90) | (5.55) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 |
| Reserves & surplus | 14.00 | 9.25 | 7.73 | 12.36 | 9.51 | 11.22 | 14.94 |
| Shareholders' funds (net worth) | 42.48 | 37.73 | 27.37 | 32.00 | 29.15 | 30.86 | 34.58 |
| Minority interest | 0.04 | 0.04 | 0.02 | 4.12 | 3.70 | 3.22 | 3.05 |
| Secured loans | 0.00 | 0.00 | 0.00 | 13.93 | 5.73 | 3.85 | 1.87 |
| Unsecured loans | 1.01 | 3.01 | 4.93 | 7.67 | 5.34 | 1.80 | 0.42 |
| Total debt | 1.01 | 3.01 | 4.93 | 21.60 | 11.07 | 5.65 | 2.29 |
| Total liabilities | 43.52 | 40.77 | 32.32 | 57.71 | 43.91 | 39.73 | 39.91 |
| Assets | |||||||
| Gross block | 0.77 | 0.77 | 0.77 | 16.64 | 13.97 | 14.17 | 14.16 |
| Net block | 0.01 | 0.01 | 0.01 | 11.87 | 10.15 | 10.78 | 11.59 |
| Capital work in progress | 1.29 | 1.27 | 0.80 | 8.74 | 2.35 | 2.19 | 0.85 |
| Investments | 15.71 | 15.82 | 13.89 | 6.50 | 6.33 | 6.33 | 7.78 |
| Inventories | 1.23 | 1.04 | 0.92 | 9.01 | 8.62 | 7.49 | 6.27 |
| Sundry debtors | 4.15 | 4.28 | 3.99 | 11.85 | 13.38 | 10.41 | 7.74 |
| Cash & bank balances | 0.09 | 3.75 | 0.34 | 0.43 | 0.58 | 0.71 | 0.81 |
| Loans & advances | 2.26 | 1.26 | 1.48 | 3.74 | 1.78 | 1.80 | 1.35 |
| Total current assets | 7.73 | 10.33 | 6.73 | 25.03 | 24.36 | 20.41 | 16.17 |
| Total current liabilities | 1.74 | 1.83 | 1.65 | 7.09 | 9.07 | 9.45 | 7.80 |
| Net working capital | 5.99 | 8.50 | 5.08 | 17.94 | 15.29 | 10.96 | 8.37 |
| Total assets | 43.52 | 40.77 | 32.32 | 57.71 | 43.91 | 39.73 | 39.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.08 | 0.22 | 0.14 | 0.12 | 0.08 | 0.46 | 0.22 |
| Net cash from operating activities | (3.55) | (2.83) | 6.69 | (0.62) | (3.65) | (3.72) | (11.22) |
| Net cash from investing activities | 5.56 | (4.23) | 10.06 | (8.48) | 0.17 | 0.21 | 11.10 |
| Net cash from financing activities | (2.00) | 6.92 | (16.67) | 9.36 | 3.51 | 3.14 | 0.36 |
| Net change in cash | 0.01 | (0.13) | 0.07 | 0.26 | 0.04 | (0.38) | 0.24 |
| Closing cash | 0.09 | 3.75 | 0.34 | 0.43 | 0.58 | 0.71 | 0.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -44.2% | -57.0% | -65.8% | +35.3% | +146.6% | +1.4% | - |
| EBITDA growth | +1679.0% | +102.8% | -214.5% | +2180.8% | +119.7% | +86.8% | - |
| PBT growth | +207.8% | +9998.0% | - | +9998.0% | +63.0% | +78.3% | +81.7% |
| Net income growth | +214.6% | +364.9% | -120.1% | +262.6% | +53.4% | +65.8% | - |
| Revenue CAGR (3Y) | -56.5% | -41.6% | +4.5% | +50.1% | -19.2% | -63.9% | -35.1% |
| EBITDA CAGR (3Y) | -17.1% | -9.9% | +72.6% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +97.5% | +17.4% | -29.4% | +5.5% | -2.9% | -20.0% | -60.5% |
| Return on capital employed | +6.0% | +2.8% | 0.0% | +7.8% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +6.2% | +3.0% | 0.0% | +6.9% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.05 | 0.12 | 0.45 | 0.53 | 0.28 | 0.12 | 0.06 |
| Long-term debt / equity | 0.05 | 0.12 | 0.34 | 0.35 | 0.15 | 0.05 | 0.01 |
| Interest cover | 0.00 | 5.26 | -0.15 | 23.65 | -60.00 | -11.21 | -1.48 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 8.09 | 13.10 | 2.43 | 3.88 | 3.12 | 1.26 | 1.12 |
| Inventory turnover | 5.49 | 10.30 | 4.26 | 6.73 | 5.44 | 2.58 | 3.38 |
| Debtors turnover | 1.48 | 2.44 | 2.67 | 4.70 | 3.69 | 1.96 | 1.87 |
| EPS (₹) | 2.42 | 0.77 | (3.05) | 1.45 | (0.88) | (1.90) | (5.55) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 17.13 | 14.71 | 13.93 | 16.29 | 14.85 | 15.72 | 17.61 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.53 | 0.33 | 0.19 | 1.92 | 1.63 | 0.36 | 1.48 | 0.00 |
| Revenue growth (YoY) | -67.5% | -8.3% | -87.2% | - | +14.0% | - | - | - |
| Other income | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.52 | 0.21 | 0.14 | 0.12 | 0.19 | 0.20 | 1.45 | 0.13 |
| EBITDA | 0.01 | 0.12 | 0.05 | 1.80 | 1.44 | 0.16 | 0.03 | (0.13) |
| EBITDA margin | +1.9% | +36.4% | +26.3% | +93.8% | +88.3% | +44.4% | +2.0% | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.02 | 0.12 | 0.05 | 1.80 | 1.44 | 0.16 | 0.03 | (0.13) |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4.07 | 3.27 | 19.65 | 21.62 | 10.39 | 1.29 | 2.34 |
| Revenue growth | +24.5% | -83.4% | -9.1% | +108.1% | +705.4% | -44.9% | - |
| Other income | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.66 | 3.17 | 21.07 | 19.76 | 13.22 | 4.15 | 14.49 |
| Employee cost | 0.20 | 0.19 | 0.16 | 0.13 | 0.16 | 0.15 | 0.26 |
| EBITDA | 3.41 | 0.10 | (1.42) | 1.86 | (2.83) | (2.86) | (12.15) |
| EBITDA margin | +83.8% | +3.1% | -7.2% | +8.6% | -27.2% | -221.7% | -519.2% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 |
| Profit before tax | 3.41 | 0.10 | (1.40) | 1.86 | (2.83) | (2.88) | (12.18) |
| Tax | (0.01) | 0.00 | 0.01 | 0.00 | 0.00 | 1.27 | (0.63) |
| Net profit | 3.42 | 0.10 | (1.41) | 1.86 | (2.83) | (4.15) | (11.55) |
| Net profit margin | +84.0% | +3.1% | -7.2% | +8.6% | -27.2% | -321.7% | -493.6% |
| EPS (₹) | 1.73 | 0.05 | (0.72) | 0.95 | (1.44) | (2.11) | (5.89) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 |
| Reserves & surplus | 9.02 | 5.61 | 5.51 | 6.92 | 5.06 | 7.88 | 12.01 |
| Shareholders' funds (net worth) | 37.50 | 34.09 | 25.15 | 26.56 | 24.70 | 27.52 | 31.65 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 1.01 | 3.01 | 4.93 | 5.51 | 4.08 | 1.80 | 0.42 |
| Total debt | 1.01 | 3.01 | 4.93 | 5.51 | 4.08 | 1.80 | 0.42 |
| Total liabilities | 38.51 | 37.10 | 30.08 | 32.06 | 28.78 | 29.32 | 32.07 |
| Assets | |||||||
| Gross block | 0.77 | 0.77 | 0.77 | 0.77 | 0.25 | 0.25 | 1.12 |
| Net block | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 10.85 | 12.33 | 11.75 | 11.75 | 11.75 | 11.75 | 13.20 |
| Inventories | 0.00 | 0.00 | 0.25 | 0.33 | 0.43 | 0.83 | 0.49 |
| Sundry debtors | 3.58 | 3.47 | 3.98 | 2.29 | 2.29 | 2.51 | 2.31 |
| Cash & bank balances | 0.09 | 3.75 | 0.20 | 0.12 | 0.47 | 0.60 | 0.70 |
| Loans & advances | 2.26 | 1.26 | 1.15 | 1.08 | 0.23 | 0.18 | 0.15 |
| Total current assets | 5.93 | 8.48 | 5.58 | 3.82 | 3.42 | 4.12 | 3.65 |
| Total current liabilities | 0.16 | 0.12 | 0.10 | 0.14 | 0.14 | 0.18 | 0.28 |
| Net working capital | 5.77 | 8.36 | 5.48 | 3.68 | 3.28 | 3.94 | 3.37 |
| Total assets | 38.51 | 37.10 | 30.08 | 32.06 | 28.78 | 29.32 | 32.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.08 | 0.07 | 0.09 | 0.09 | 0.03 | 0.40 | 0.19 |
| Net cash from operating activities | (3.57) | (3.16) | 0.08 | (2.13) | (2.72) | (3.27) | (12.03) |
| Net cash from investing activities | 5.58 | (3.75) | 0.48 | 0.71 | 0.50 | 1.52 | 12.05 |
| Net cash from financing activities | (2.00) | 6.92 | (0.58) | 1.43 | 2.28 | 1.37 | 0.20 |
| Net change in cash | 0.01 | 0.01 | (0.02) | 0.00 | 0.06 | (0.38) | 0.21 |
| Closing cash | 0.09 | 3.75 | 0.20 | 0.12 | 0.47 | 0.60 | 0.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +24.5% | -83.4% | -9.1% | +108.1% | +705.4% | -44.9% | - |
| EBITDA growth | +3310.0% | +107.0% | -176.3% | +165.7% | +1.1% | +76.5% | - |
| PBT growth | +3310.0% | +9998.0% | - | +9998.0% | +1.7% | +76.4% | +79.7% |
| Net income growth | +3320.0% | +107.1% | -175.8% | +165.7% | +31.8% | +64.1% | - |
| Revenue CAGR (3Y) | -42.7% | -32.0% | +147.9% | +109.8% | -46.8% | -84.5% | -63.8% |
| EBITDA CAGR (3Y) | +22.4% | - | -20.8% | - | -63.8% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +84.0% | +3.1% | -7.2% | +8.6% | -27.2% | -321.7% | -493.6% |
| Return on capital employed | +4.4% | +0.2% | 0.0% | +3.7% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +4.6% | +0.2% | 0.0% | +4.1% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.06 | 0.13 | 0.20 | 0.19 | 0.11 | 0.04 | 0.04 |
| Long-term debt / equity | 0.06 | 0.13 | 0.20 | 0.19 | 0.11 | 0.04 | 0.01 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.35 | -0.16 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.29 | 4.25 | 25.55 | 42.39 | 41.56 | 1.88 | 2.09 |
| Inventory turnover | 0.00 | 26.16 | 67.83 | 56.89 | 16.49 | 1.95 | 1.80 |
| Debtors turnover | 1.15 | 0.88 | 6.27 | 9.44 | 4.33 | 0.54 | 0.62 |
| EPS (₹) | 1.73 | 0.05 | (0.72) | 0.95 | (1.44) | (2.11) | (5.89) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 14.60 | 12.86 | 12.81 | 13.52 | 12.58 | 14.01 | 16.12 |
Board of Directors of Garnet International Limited
Garnet International has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramakant Gaggar Also directs: Minex Explore Private Limited, Alaukik Mines & Power Private Limited, GVS Chemical Private Limited and 5 more | Managing Director | 24 Sep 2007 | 19 Years 0 Months | Current |
| Suresh Gaggar Also directs: Minex Explore Private Limited, Alaukik Mines & Power Private Limited, GVS Chemical Private Limited and 2 more | Director | 04 Mar 1996 | 30 Years 7 Months | Current |
| Navratan Gaggar Also directs: Sukartik Clothing Private Limited, Vatsal Vastraa Private Limited | Director | 12 Oct 2021 | 5 Years 0 Months | Current |
| Vishnu Kanth Bhangadia | Director | 29 May 2019 | 7 Years 4 Months | Current |
| Sandhya Lotlikar | Director | 11 Jan 2019 | 7 Years 9 Months | Current |
| Suresh Kumar Gaur Also directs: Whitewall India Private Limited | Director | 18 Mar 2024 | 2 Years 7 Months | Current |
Peer Comparison of Garnet International Limited
Garnet International Limited is compared with the companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arpna Capital Services Pvt Ltd | ₹69.35 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Gold Coin Investment Compay Limited | ₹68.84 Cr (FY 2024) | •••• | •••• | 7690.0% | •••• | New Delhi, Delhi, India |
| Shree Siddhi Vinayak Creations Private Limited | ₹68.81 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Bareilly, Uttar Pradesh, India |
| P.S.B. Investment Private Limited | ₹68.35 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Howrah, West Bengal, India |
| Religare Finvest Limited | ₹68.13 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | New Delhi, Delhi, India |
| S Square Marketing Private Limited | ₹67.95 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Bhubaneswar, Odisha, India |
| Ms Fincap Private Limited | ₹67.92 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Jaipur, Rajasthan, India |
| Vedant Trade Impex Private Limited | ₹67.9 Cr (FY 2016) | •••• | •••• | 314.0% | •••• | Mumbai, Maharashtra, India |
| Sanghi Steel Udyog Private Limited | ₹67.72 Cr (FY 2019) | •••• | •••• | 310.0% | •••• | Mumbai, Maharashtra, India |
| Sanmati Appraisal Limited | ₹67.67 Cr (FY 2019) | •••• | •••• | -11.0% | •••• | Wazirpur, Delhi, India |
| Garnet International Limited this company | ₹4.87 Cr (FY 2026) | •••• | •••• | -44.2% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Garnet International by revenue in the Apparel industry (Apparel Retail and Distribution, NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Garnet International Limited
Garnet International Limited is audited by MVK Associates for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MVK Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Shareholding Pattern of Garnet International Limited
Shareholding for the quarter ended Mar 2026: promoters hold 49.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 50.30%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 49.70% | 49.80% | 51.10% | 49.10% |
| Public | 50.30% | 50.20% | 48.90% | 50.90% |
Charges & Borrowings of Garnet International Limited
Garnet International Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Garnet International Limited
Garnet International Limited has 108 deals on record (107 market trades, 1 funding round), with disclosed funding of ₹5.4 Cr; the latest was in December 2025.
Deals on record (5 of 108)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Market trade | ₹2.05 Cr | Buyer: Mangal Savitri Investment Private Limited Seller: 2 individuals |
| Jul 2024 | Market trade | ₹79.8 Lakh | Buyer: R. B. K. Share Broking Limited Seller: R. B. K. Share Broking Limited |
| Dec 2023 | Market trade | ₹1.45 Cr | Buyer: Mangal Savitri Bizcon Private Limited Seller: an individual |
| Nov 2023 | Market trade | ₹1.25 Cr | Buyer: an individual Seller: Mangal Savitri Bizcon Private Limited |
| Nov 2023 | Market trade | ₹1.24 Cr | Buyer: an individual Seller: Mangal Savitri Bizcon Private Limited |
Full deal history
All 108 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Garnet International Limited
Garnet International Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-3 | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Garnet International Limited
Garnet International Limited has a workforce of 5 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Garnet International Limited
Garnet International has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sukartik Clothing Private Limited | U17122MH2004PTC149334 | - |
Showing major subsidiaries. Total: 1.
Recent Activity on Garnet International Limited
Garnet International Limited has 25 board changes on record since 1996: 16 appointments and 9 cessations. The latest: Suresh Kumar Gaur was appointed as Director on 18 Mar 2024.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Garnet International Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Garnet International Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Garnet International Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Garnet International Limited
Garnet International has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Garnet International Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Garnet International Limited
Frequently Asked Questions about Garnet International Limited
Garnet International is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 09 October 1995 (31+ years old) and is registered under CIN L74110MH1995PLC093448. Listed on BSE: 512493.
Garnet International reported revenue of ₹4.87 Cr for FY 2025-26 (down 44.2% YoY) based on consolidated financials.
Garnet International has 6 current directors:
- Ramakant Gaggar - Managing Director
- Suresh Gaggar - Director
- Navratan Gaggar - Director
- Vishnu Kanth Bhangadia - Director
- Sandhya Lotlikar - Director
- Suresh Kumar Gaur - Director
No. Garnet International has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Garnet International is L74110MH1995PLC093448. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Garnet International is listed on BSE with code 512493.
Garnet International has 1 court case on record: 1 filed against it.
Garnet International was incorporated on 09 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Garnet International has 108 deals on record (107 market trades, 1 funding round), with disclosed funding of ₹5.4 Cr; the latest was in December 2025.
The peers of Garnet International by revenue are Arpna Capital Services Pvt Ltd, Gold Coin Investment Compay Limited, Shree Siddhi Vinayak Creations Private Limited, P.S.B. Investment Private Limited, Religare Finvest Limited and 5 more, all in the Apparel industry (Apparel Retail and Distribution, NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Suresh Kumar Gaur was appointed as Director on 18 Mar 2024. Shyam Taparia ceased to be Director on 25 Jan 2024. Shipra Rathi was appointed as Company Secretary on 11 Oct 2022. Garnet International has 25 board changes on record in total.