Garnet construction

Mumbai, India Founded: 1995 • Age: 31 yrs Listed
Provider of real estate development services

About Garnet construction

Garnet construction is a publicly listed company based in Mumbai (India) founded in 1995. Provider of real estate development services. Its Indian entity Garnet Construction Ltd reported revenue of ₹86.33 Cr. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Its competitors include Lodha Group and Godrej Properties.

Company details

Garnet Construction was founded in 1995 and is based in Mumbai, India. Operations focus on the real estate sector, where development services are delivered for various projects. The company handles construction and property development activities, serving clients in the Indian market. Its domain, garnetconstructions.com, supports online presence for these services. Geographic emphasis remains on Mumbai and surrounding areas.

  • Headquarters Mumbai, India
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website garnetconstructions.com
  • Legal Name Garnet Construction Ltd
Key Metrics
  • Market Cap
    ₹69.07 Cr

    GARNET · BSE

  • Share Price
    ₹52.00

    +4.65% today

  • Revenue
    ₹7.30 Cr

    FY 2018-19 · +25.4% YoY

  • EBITDA
    ₹1.26 Cr

    Margin 17.3%

  • Net Profit
    ₹0.82 Cr

    FY 2018-19 · -31.1% YoY

  • P/E (TTM)
    1.5x

    P/B 0.4x

  • ROE
    1.1%

    ROCE 1.4%

  • Debt / Equity
    0.58

    Interest cover 56.4x

Board of directors of Garnet Construction Ltd (Garnet construction)

Garnet Construction Ltd is the primary company behind Garnet construction. The board of Garnet Construction Ltd currently have 6 directors; the longest-serving is Arun Kishankumar Kedia, appointed in 1992. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Arun Kishankumar Kedia
DIN 00205183
Whole-time director15 Oct 199234 yrsGarnet Construction Ltd
Sanjay Kishankumar Kedia
DIN 00205220
Whole-time director15 Oct 199234 yrsGarnet Construction Ltd
Jitendra Maruti Jadhav
DIN 08469921
Director01 Jun 20197 yrs 5 moGarnet Construction Ltd
Sirya Vakil Siddiqui
DIN 08727351
Director14 Apr 20206 yrs 6 moGarnet Construction Ltd
Akash Dnyaneshwer Kamble
DIN 10768240
Director06 Sep 20242 yrs 2 moGarnet Construction Ltd
Chahat Sanjaykumar Kedia
DIN 11621550
Additional Director21 Mar 20267 moGarnet Construction Ltd

IPO & Listings of Garnet construction

Garnet construction is a publicly listed company on the BSE with ticker symbol GARNET in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date23 Jul 2001
  • Listed onBSE: 526727
  • Listed entityGarnet Construction Ltd
  • Exchange sectorFinance
  • ISININE797D01017
  • Share price₹48.50 (+3.63% on the day) · 2026-10-14
  • Market capitalisation₹65.1 Cr
  • Price to earnings3.3
  • EPS (diluted, trailing year)₹14.55
  • Volume (last session)2,571

Financials of Garnet construction

Exchange-reported figures of Garnet Construction Ltd, the listed company behind Garnet construction (BSE: GARNET).

Financial Highlights

FY 2018-19 · Consolidated
Revenue
₹7.30 Cr
+25.4% YoY
EBITDA
₹1.26 Cr
-62.5% YoY
Profit After Tax
₹0.82 Cr
-31.1% YoY
Net Worth
₹72.24 Cr
+1.1% YoY
Total Assets
₹119 Cr
+9.9% YoY
Total Debt
₹46.72 Cr
+26.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Income statement
Revenue7.305.8214.2446.2628.57
Revenue growth+25.4%-59.1%-69.2%+61.9%-
EBITDA1.263.363.115.795.93
EBITDA margin+17.3%+57.7%+21.8%+12.5%+20.8%
Profit before tax1.161.440.882.892.52
Net profit0.821.190.322.210.66
Net profit margin+11.2%+20.5%+2.3%+4.8%+2.3%
EPS (₹)0.580.870.241.550.47
Balance sheet
Total assets119108105110121
Net worth72.2471.4270.2167.1164.85
Total debt46.7236.8534.9241.9356.00
Cash & bank0.780.150.720.612.31
Net working capital11297.9495.00100111
Cash flow
Cash from operations(5.85)1.3312.6710.45(18.03)
Cash from investing2.970.160.060.250.11
Cash from financing4.35(2.90)(12.59)(16.48)19.26
ParticularsSep 2019Jun 2019Sep 2018Jun 2018
Revenue6.961.901.700.70
Revenue growth (YoY)+309.4%+171.4%--
Other income0.030.060.000.73
EBITDA1.540.340.30(0.51)
EBITDA margin+22.1%+17.9%+17.6%-72.9%
Depreciation0.090.090.120.12
Interest0.880.240.020.01
Profit before tax0.600.070.160.09
Tax0.170.020.050.02
Net profit0.430.050.110.07
EPS (₹)0.310.040.090.05
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue82.8216.0911.132.015.5766.8668.37
Revenue growth+414.7%+44.6%+453.7%-63.9%-91.7%-2.2%-
EBITDA50.767.81(1.96)(1.37)(1.25)16.3611.64
EBITDA margin+61.3%+48.5%-17.6%-68.2%-22.4%+24.5%+17.0%
Profit before tax52.849.894.090.470.7116.989.74
Net profit39.497.402.940.300.3412.646.84
Net profit margin+47.7%+46.0%+26.4%+14.9%+6.1%+18.9%+10.0%
EPS (₹)28.405.332.110.210.379.104.96
Balance sheet
Total assets152112106107108112107
Net worth14210395.5192.5892.2491.7479.08
Total debt9.058.5810.5514.7015.9720.2028.06
Cash & bank0.140.060.071.332.207.254.21
Net working capital145107102103104107102
Cash flow
Cash from operations(0.66)0.58(2.33)(1.40)(1.07)12.9427.77
Cash from investing1.202.315.942.042.451.330.17
Cash from financing(0.47)(2.89)(4.88)(1.51)(6.42)(11.22)(24.52)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue(0.13)10.4015.7516.2940.39(0.75)0.870.79
Revenue growth (YoY)-100.3%+1486.7%+1710.3%+1962.0%+166.1%---
Other income0.013.360.080.020.043.280.020.01
Total expenses0.627.001.977.3315.760.611.091.38
EBITDA(0.75)3.4013.788.9624.63(1.36)(0.22)(0.59)
EBITDA margin+576.9%+32.7%+87.5%+55.0%+61.0%+181.3%-25.3%-74.7%
Depreciation0.160.130.170.100.100.080.090.07
Interest0.180.170.430.170.160.340.180.22
Profit before tax(1.08)6.4613.268.7124.411.50(0.47)(0.87)
Tax(0.03)1.733.252.176.200.01(0.02)0.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsSep 2019Jun 2019Sep 2018Jun 2018
Revenue6.961.901.700.70
Revenue growth (YoY)+309.4%+171.4%--
Other income0.030.060.000.73
EBITDA1.540.340.30(0.51)
EBITDA margin+22.1%+17.9%+17.6%-72.9%
Depreciation0.090.090.120.12
Interest0.880.240.020.01
Profit before tax0.600.070.160.09
Tax0.170.020.050.02
Net profit0.430.050.110.07
EPS (₹)0.310.040.090.05
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Revenue7.305.8214.2446.2628.57
Revenue growth+25.4%-59.1%-69.2%+61.9%-
Other income0.810.170.070.480.16
Total expenses6.042.4611.1340.4722.64
Employee cost0.850.520.650.971.17
EBITDA1.263.363.115.795.93
EBITDA margin+17.3%+57.7%+21.8%+12.5%+20.8%
Depreciation0.480.560.650.950.95
Interest0.441.541.662.432.62
Profit before tax1.161.440.882.892.52
Tax0.340.250.560.751.86
Net profit0.821.190.322.210.66
Net profit margin+11.2%+20.5%+2.3%+4.8%+2.3%
EPS (₹)0.580.870.241.550.47
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Equity & liabilities
Share capital13.9013.9013.9013.9013.90
Reserves & surplus58.3457.5256.3153.2150.95
Shareholders' funds (net worth)72.2471.4270.2167.1164.85
Minority interest0.090.100.110.120.00
Secured loans43.7536.3534.2241.9356.00
Unsecured loans2.970.500.700.000.00
Total debt46.7236.8534.9241.9356.00
Total liabilities119108105110121
Assets
Gross block6.706.686.8010.3310.33
Net block5.165.636.186.837.65
Capital work in progress0.000.000.000.000.00
Investments0.003.003.003.053.07
Inventories11810392.65107122
Sundry debtors34.0330.3258.1343.5848.81
Cash & bank balances0.780.150.720.612.31
Loans & advances29.2328.6629.8035.0027.52
Total current assets182162181186201
Total current liabilities70.5464.4886.3085.7790.32
Net working capital11297.9495.00100111
Total assets119108105110121
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Opening cash(0.69)0.720.596.400.98
Net cash from operating activities(5.85)1.3312.6710.45(18.03)
Net cash from investing activities2.970.160.060.250.11
Net cash from financing activities4.35(2.90)(12.59)(16.48)19.26
Net change in cash1.47(1.41)0.14(5.79)1.33
Closing cash0.780.150.720.612.31
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Growth
Sales growth+25.4%-59.1%-69.2%+61.9%-
EBITDA growth-62.5%+8.0%-46.3%-2.4%-
PBT growth-19.4%+63.6%-69.6%+14.7%+9997.0%
Net income growth-31.1%+271.9%-85.5%+234.9%-
Revenue CAGR (3Y)-46.0%-41.2%---
EBITDA CAGR (3Y)-39.9%-17.3%---
Profitability & leverage
Net income margin+11.1%+20.3%+2.2%+4.6%+2.3%
Return on capital employed+1.4%+2.8%+2.4%+4.6%+4.2%
Return on net worth+1.1%+1.7%+0.5%+3.2%+1.0%
Debt / equity0.580.510.560.740.86
Long-term debt / equity0.360.380.340.410.54
Interest cover56.4155.0067.4850.2152.61
Efficiency & per share
Fixed asset turnover1.090.861.664.482.77
Inventory turnover0.070.060.140.400.23
Debtors turnover0.230.130.281.000.59
EPS (₹)0.580.870.241.550.47
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)51.9651.3750.5148.2846.65
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue(0.13)10.4015.7516.2940.39(0.75)0.870.79
Revenue growth (YoY)-100.3%+1486.7%+1710.3%+1962.0%+166.1%---
Other income0.013.360.080.020.043.280.020.01
Total expenses0.627.001.977.3315.760.611.091.38
EBITDA(0.75)3.4013.788.9624.63(1.36)(0.22)(0.59)
EBITDA margin+576.9%+32.7%+87.5%+55.0%+61.0%+181.3%-25.3%-74.7%
Depreciation0.160.130.170.100.100.080.090.07
Interest0.180.170.430.170.160.340.180.22
Profit before tax(1.08)6.4613.268.7124.411.50(0.47)(0.87)
Tax(0.03)1.733.252.176.200.01(0.02)0.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue82.8216.0911.132.015.5766.8668.37
Revenue growth+414.7%+44.6%+453.7%-63.9%-91.7%-2.2%-
Other income3.513.327.062.412.791.620.68
Total expenses32.068.2813.093.386.8250.5056.73
Employee cost2.791.851.240.831.873.702.89
EBITDA50.767.81(1.96)(1.37)(1.25)16.3611.64
EBITDA margin+61.3%+48.5%-17.6%-68.2%-22.4%+24.5%+17.0%
Depreciation0.500.310.290.330.350.330.35
Interest0.930.930.720.240.480.672.23
Profit before tax52.849.894.090.470.7116.989.74
Tax13.352.491.150.170.204.342.85
Net profit39.497.402.940.300.3412.646.84
Net profit margin+47.7%+46.0%+26.4%+14.9%+6.1%+18.9%+10.0%
EPS (₹)28.405.332.110.210.379.104.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.9013.9013.9013.9013.9013.9013.90
Reserves & surplus12888.9981.6178.6878.3477.8465.18
Shareholders' funds (net worth)14210395.5192.5892.2491.7479.08
Secured loans9.056.1510.5514.7015.9720.2027.59
Unsecured loans0.002.430.000.000.000.000.47
Total debt9.058.5810.5514.7015.9720.2028.06
Total liabilities152112106107108112107
Assets
Gross block10.077.876.926.896.836.936.64
Net block6.294.593.954.214.484.784.82
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories53.7065.0063.3569.6363.3563.0582.83
Sundry debtors68.1329.5430.7534.1636.7035.3838.05
Cash & bank balances0.140.060.071.332.207.254.21
Loans & advances85.6975.2563.9052.1060.4874.8350.50
Total current assets208170158157163181176
Total current liabilities62.5163.0656.1254.2859.1773.5973.87
Net working capital145107102103104107102
Total assets152112106107108112107
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.060.071.332.207.254.210.78
Net cash from operating activities(0.66)0.58(2.33)(1.40)(1.07)12.9427.77
Net cash from investing activities1.202.315.942.042.451.330.17
Net cash from financing activities(0.47)(2.89)(4.88)(1.51)(6.42)(11.22)(24.52)
Net change in cash0.070.00(1.26)(0.87)(5.05)3.053.43
Closing cash0.140.060.071.332.207.254.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+414.7%+44.6%+453.7%-63.9%-91.7%-2.2%-
EBITDA growth+549.9%+498.5%-43.1%-9.6%-107.6%+40.6%-
PBT growth+434.3%+141.8%+770.2%-33.8%-95.8%+74.3%+732.5%
Net income growth+433.7%+151.7%+880.0%-11.8%-97.3%+84.8%-
Revenue CAGR (3Y)+245.4%+42.4%-45.0%-69.1%-8.6%+125.6%+68.7%
EBITDA CAGR (3Y)-----+69.3%+55.3%
Profitability & leverage
Net income margin+47.7%+46.0%+26.4%+14.9%+9.2%+18.9%+10.1%
Return on capital employed+40.8%+9.9%+4.5%+0.7%+0.8%+16.1%+10.6%
Return on net worth+32.2%+7.5%+3.1%+0.3%+0.4%+14.8%+9.1%
Debt / equity0.070.100.130.170.200.280.49
Long-term debt / equity0.060.080.120.120.150.220.30
Interest cover1.8512.40-32.00-14.12-30.004.1819.75
Efficiency & per share
Fixed asset turnover9.232.181.610.290.819.8510.33
Inventory turnover1.400.250.170.030.090.920.70
Debtors turnover1.700.530.340.060.151.821.90
EPS (₹)28.405.332.110.210.379.104.96
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)102.4174.0168.7166.6066.3565.9956.88

Competitors of Garnet construction

Garnet construction has 2 listed competitors in our database. They include Lodha Group and Godrej Properties.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
lodhagroup.com1980Mumbai, India4,846
Developer of residential and commercial real estate properties
godrejproperties.com1990Mumbai, India408
Residential and commercial properties are developed by Godrej Properties.
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Web traffic of Garnet construction

The website of Garnet construction (garnetconstructions.com) receives about 2.6K visits a month.

  • Monthly visits
    2.6K

    ▲ 257.2% vs previous month

Top companies in Real Estate Developers & Builders

3 companies that operate in the same segment as Garnet construction (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 158.42 MUSD 55.39 M1,046
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, IndiaUSD 546.88 M6,030
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,322
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Frequently Asked Questions about Garnet construction

Garnet construction was founded in 1995.

Garnet construction is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

The primary company behind Garnet construction, Garnet Construction Ltd, reported revenue of ₹86.33 Cr for FY 2026, up 415% year on year.

Garnet Construction was founded in 1995 and is based in Mumbai, India. Operations focus on the real estate sector, where development services are delivered for various projects. The company handles construction and property development activities, serving clients in the Indian market. Its domain, garnetconstructions.com, supports online presence for these services. Geographic emphasis remains on Mumbai and surrounding areas.

Garnet construction's top competitors include Godrej Properties and Lodha Group.

Yes, Garnet construction is publicly traded on BSE under the ticker symbol GARNET.

Garnet construction operates through Garnet Construction Ltd.

The legal entities of Garnet construction currently have 8 directors, including Arun Kishankumar Kedia, Sanjay Kishankumar Kedia, Jitendra Maruti Jadhav and others.

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