Builds residential and commercial real estate projects, recognising revenue under Ind AS 115 on delivery of units rather than on construction progress. FY26 revenue from operations reached Rs 8,282.41 lakhs with a clean audit opinion from statutory auditor Shankarlal Jain & Associates LLP. The cost shape shows materials at 8.4% of revenue, employee costs at 4.4%, and other operating expenses — the largest single line — at 11.1%, with depreciation at 0.6% and capex at 2.7%. Trade receivables grew by Rs 3,858.95 lakhs in FY26, pushing operating cash flow into negative territory despite reported profit. Inventories fell from Rs 6,500 lakhs to Rs 5,062 lakhs as units were handed over. Equity capital is Rs 13.90 crore across 1.39 crore shares of Rs 10 face value; the registered office is in Andheri West, Mumbai. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential and commercial real estate development. Small-cap, project-driven real estate developer with lumpy revenue tied to unit deliveries under Ind AS 115
| ₹ crore · consolidated | FY19 |
|---|---|
| Revenue | 7 |
| EBITDA (ex other income) | 1 |
| margin % | 17.1 |
| Owners' profit | (0) |
| EPS, as reported (₹) | 0.59 |
| ROE % · ROCE % | 1.1 · 1.6 |
| Debt / equity (x) | 0.38 |
| Cash from operations | — |
| Capex | — |
| ₹ crore | Q4 FY19 | Q1 FY20 | Q2 FY20 | Q3 FY20 |
|---|---|---|---|---|
| Revenue | 0 | 2 | 7 | 34 |
| Profit before tax | 0 | 0 | 1 | 26 |
| Net profit | 0 | 0 | 0 | 18 |
| EPS (₹) | 0.00 | 0.04 | 0.37 | 13.22 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,371 | 89.5 | 13.53 | 73.2 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,482 | 218.6 | 55.08 | 145.4 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,076 | — | 29.06 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 950 | 26.5 | — | — | — | 19.2 | — | — |
| YOGI LTD. | 678 | 32.6 | 4.77 | 26.2 | 14.9 | 15.6 | — | 5.1 |
| SHRADDHA PRIME PROJECTS L | 650 | 11.6 | 4.76 | 11.2 | 39.1 | 20.2 | — | 16.1 |
| HAZOOR MULTI PROJECTS LTD | 556 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Garnet Construction 34th Annual Report FY26; Profit jumps 5x to Rs 39.5 cr | compliance | medium | — | — |
| 5 Sept 2026 · Book Closure for AGM from 26 to 29 September 2026 | corporate actions | medium | — | — |
| 5 Sept 2026 · Garnet Construction 34th AGM on Sep 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Garnet Construction posts Q1 FY27 net loss on revenue collapse | results | high | — | — |
| 14 Aug 2026 · Q1 FY26 results slip into loss as revenue turns negative | results | high | — | — |
| 5 Aug 2026 · Board Meeting on 14 Aug to Approve Q1 FY27 Results | results | low | — | — |
| 21 Jul 2026 · Promoter Sanjay Kedia raises stake to 45.34 percent via transmission | ownership changes | high | — | — |
| 21 Jul 2026 · Promoter Sanjaykumar Kedia acquires 29.37% stake via inter-se transmission | ownership changes | medium | — | — |
| 18 Jul 2026 · Routine quarterly RTA compliance certificate for Q1 FY27 | compliance | minimal | — | — |
| 27 Jun 2026 · Trading window closed from July 1 ahead of Q1 results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| 7.5 |
| 0.89 |
| 3.7 |
| 6.8 |
| 5.8 |
| — |
| 86.5 |
| RDB REAL ESTATE CONS L | 352 | 27.4 | 1.33 | 26.5 | (3.3) | (0.7) | — | 3.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.7 | 16.7 | 10 of 84 | 89% |
| P/B | 1.0 | 1.1 | 31 of 69 | 56% |
| ROCE | 0.7 | 2.0 | 61 of 93 | 35% |
| ROE | 0.7 | 2.9 | 55 of 85 | 36% |
| Debt / Equity | 0.3 | 0.1 | 56 of 85 | 35% |
| EBITDA margin | 78.1 | 15.3 | 8 of 59 | 88% |
| Market cap | 71 | 33 | 28 of 86 | 68% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
