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Garnet International Limited (512493) Fair Value & Analysis

Financial · IN · Market cap ₹486M

GI Garnet International Limited 512493 · BSE
Price₹60.05
Fair Value₹31.45
Upside-47.6%
Quality53/100
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Mixed Growth
Solidly profitable · 14.4% net margin
Low debt · negative free cash flow
0.12% dividend yield
Trails peers (1/13)
Narrow moat 34/100
Evidence: Medium Range ₹23.59 – ₹39.32 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 5 days ago

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹39.32). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹174.70 ₹16.15 Fair Value ₹31.45 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹16.15 – ₹174.70 · fair‑value band ₹23.59 – ₹39.32 · the ₹60.05 price screens above the ₹31.45 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Garnet International Limited (512493) currently trades at ₹60.05, while our model-based Fair Value estimate is ₹31.45, implying the stock looks roughly 47.6% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Financial sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Garnet International Limited generated revenue of ₹140M at a net margin of 14.4%. Revenue declined 74.8% year over year. Net debt stands at ₹9.2M. The stock trades on a trailing P/E of 25.7 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹23.59 (bear case) to ₹39.32 (bull case); at ₹60.05, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 56% below its 52-week high and 43% above its 52-week low. For context, the median of 10 Financial peers we cover trades at -28% fair-value upside, at -48%, 512493 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹18.42 ₹20.42 ₹29.22 76
Gordon GGM ₹4.66 ₹5.02 ₹5.56 70
P/E Multiple ₹23.59 ₹31.45 ₹39.32 63
All 7 models by family
Earnings-Based
Graham-Dodd ₹16.45 ₹20.11 ₹22.62 54
Dividend Discount
Gordon GGM ₹4.66 ₹5.02 ₹5.56 70
DDM Multi-Stage ₹4.66 ₹5.54 ₹6.69 61
Multiples
P/E Multiple ₹23.59 ₹31.45 ₹39.32 63
P/B Multiple ₹22.72 ₹30.29 ₹37.86 55
Asset-Based
NCAV (Graham) ₹10.82 ₹14.50 ₹21.63 50
Economic Profit
Residual Income ₹18.42 ₹20.42 ₹29.22 76

Widest divergence: Multiples (₹30.29) versus Dividend Discount (₹5.02). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹140M
Revenue growth (YoY) -74.8%
Net margin 14.4%
Free cash flow −₹35.5M FY2026
P/E ratio 25.7 as of Jul 4, 2026
Operating margin -0.4%
More key figures
EPS (TTM) ₹1.02
Dividend yield 0.1%
EPS growth (YoY) +118%
Net debt ₹9.2M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 35

Profitability 43
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Garnet International Limited trades and invests in shares and securities in India. The company operates through Shares and Securities, and Textile segments. It also manufactures and sells garments, such as sportswear, lounge wear, inner wear, and compression wear, as well as knitted fabrics.

Full company description

Garnet International Limited trades and invests in shares and securities in India. The company operates through Shares and Securities, and Textile segments. It also manufactures and sells garments, such as sportswear, lounge wear, inner wear, and compression wear, as well as knitted fabrics. Garnet International Limited was founded in 1981 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Garnet International Limited reported revenue of ₹11.0M in FY2026 versus ₹438M in FY2022, a compound −60.2%/yr. Reported net income was ₹47.5M in FY2026.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹11.0M
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−41.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−13.0%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.9%
Revenue −60.2%/yr
FY22 ₹438M
FY23 ₹593M
FY24 ₹203M
FY25 ₹87.3M
FY26 ₹11.0M
Net income
FY22 −₹17.2M
FY23 ₹28.4M
FY24 −₹59.7M
FY25 ₹15.2M
FY26 ₹47.5M

512493 screens 48% overvalued. Compare with Religare Enterprises Limited →

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Cite: Fair Value Calculator (2026). "Garnet International Limited Fair Value". https://www.fairvalue-calculator.com/stock/512493

Peer Group

Financials · 3151 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Investment Brokerage - National” was too small, so the broader sector is used.)

Quality Score 51 · Below median
Fair Value upside −49% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 14% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth -75% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Financials median · lower = cheaper

P/E (TTM) 25.7× · Pricier than 75% of peers
P/B 1.14× · Pricier than median
P/S (TTM) 3.48× · Pricier than median
EV/EBITDA 65.4× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 27
FUTURE 0 · sector 40
PAST 0 · sector 38
HEALTH 99 · sector 87
DIVIDEND 2 · sector 60

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Investment Brokerage - National stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Religare Enterprises Limited 532915 ₹238.60 ₹69.27 -71%
Arihant Capital Markets Limited 511605 ₹74.59 ₹149.18 +100%
IndiaNivesh Limited 501700 ₹7.12 ₹5.72 -20%
Yash Management & Satellite Ltd 511601 ₹9.13 ₹6.53 -28%
Wallfort Financial Services Limited 532053 ₹79.71 ₹8.60 -89%
Gemstone Investments Limited 531137 ₹1.51 ₹0.7000 -54%
Chartered Capital and Investment Limited 511696 ₹278.00 ₹116.97 -58%
SKP Securities Limited 531169 ₹103.99 ₹196.47 +89%
Pro Fin Capital Services Ltd 511557 ₹2.83 ₹5.66 +100%
Morarka Finance Limited 511549 ₹60.50 ₹41.30 -32%

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Frequently asked questions

Is Garnet International Limited (512493) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹31.45 versus a price of ₹60.05, about −48% (overvalued).
What is the fair value of 512493?
Our model-based fair value for Garnet International Limited is ₹31.45 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹60.05.
What is the quality score of 512493?
Garnet International Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Garnet International Limited (512493)?
Garnet International Limited reported trailing-twelve-month revenue of about ₹140M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 512493?
The net profit margin of Garnet International Limited is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.
Does Garnet International Limited pay a dividend?
Garnet International Limited currently shows a dividend yield of about 0.12% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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