Garnet International Limited (512493) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Garnet International Limited ₹20.11, price ₹49.87, upside -59.7%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹16.15 – ₹174.70 · fair‑value band ₹17.10 – ₹22.62 · the ₹49.87 price screens above the ₹20.11 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Garnet International Limited (512493) currently trades at ₹49.87, while our model-based Fair Value estimate is ₹20.11, 59.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹30.29 per share, and 0 of the 7 models we run sit above the ₹49.87 price.
Bear case: the Dividend Discount group reads lowest at ₹5.74, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹17.10 (bear) to ₹22.62 (bull), the price of ₹49.87 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Financial sector.
Mixed Growth: Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
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.
Key figures
Market cap ₹486M (≈ $5.0M) · P/E ratio 25.7 · EPS (TTM) ₹1.02 · Dividend yield 0.1% · Net margin 14.4% · Return on assets (EBIT) −0.4% · Operating margin −0.4% · Revenue growth (YoY) −74.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial peers we cover trades at −3% fair-value upside, at −60%, 512493 screens richer than that median.
Fair Value models
Bear ₹17.10Fair Value ₹20.11Bull ₹22.62
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.3170 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−41.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−13.0%
Start year 2020 (pandemic). Over 10 years: −4.7% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.9%
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What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −3.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.9%
Dividend (yield on the price)0.1%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−13% → 309%
⚠ Revenue per share shrinking 27.6%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2026 sits 118% above its own trend.
Compare Garnet International Limited with another stock
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Peer Groupⓘ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.)Financials · 3207 stocks
Beats the sector median on 1/12 measures
Overall it trails its sector peers.
Valuation
Quality Score51 · Below median
Fair Value upside−63.1% · Bottom 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)14.4% · Below median
Operating margin (TTM)−0.4% · Bottom 25%
Growth and dividend
Revenue growth−74.8% · Bottom 25%
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Financials median · lower = cheaper
P/E (TTM)25.7× · Priciest 25%
P/B1.14× · Pricier than median
P/S (TTM)3.48× · Pricier than median
EV/EBITDA65.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 47
PAST (return on equity)0· sector 38
HEALTH (low debt)99· sector 87
DIVIDEND (yield)2· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Garnet International Limited Fair Value". https://www.fairvalue-calculator.com/stock/512493
Frequently asked questions
Is Garnet International Limited (512493) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹20.11 versus a price of ₹49.87, about −60% upside (overvalued).
What is the fair value of 512493?
Our model-based fair value for Garnet International Limited is ₹20.11 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹49.87.
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 price target for Garnet International Limited (512493)?
Our model-based price target is the fair value of ₹20.11 (as of Sep 24, 2026) from 7 valuation models. Cautious scenario ₹17.10, optimistic scenario ₹22.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Garnet International Limited stock forecast for 2026?
Our models put fair value at ₹20.11, about −60% upside versus a price of ₹49.87 (overvalued). Cautious scenario ₹17.10, optimistic scenario ₹22.62. The calculation is refreshed regularly with new filings.
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 Sep 24, 2026).
What is the intrinsic value of Garnet International Limited (512493)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Garnet International Limited it is ₹20.11 per share (as of Sep 24, 2026), against a price of ₹49.87. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Garnet International Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 512493 trades above its calculated fair value: price ₹49.87, fair value ₹20.11, a gap of about −60% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 512493?
No. The price is what the market pays today (₹49.87); the fair value is what the company's own numbers justify (₹20.11). For Garnet International Limited the two are ₹29.76 per share apart. That gap is exactly why we show both numbers side by side.
How much is Garnet International Limited worth?
The market values Garnet International Limited at about ₹486M (market capitalisation, as of Sep 24, 2026). Per share that is ₹49.87; our models calculate a fair value of ₹20.11 per share.
What do the bullish and bearish scenarios say about 512493?
Our models span a range for Garnet International Limited: cautious scenario ₹17.10, base ₹20.11, optimistic ₹22.62 per share (as of Sep 24, 2026, price ₹49.87). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 512493?
Garnet International Limited trades at a price-to-earnings ratio of 25.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹20.11 is built from several models across several years. Other multiples: P/B 1.1, P/S 3.5, EV/EBITDA 65.4.
How solid is the balance sheet of Garnet International Limited (512493)?
Balance-sheet figures for Garnet International Limited (as of Sep 24, 2026): debt of 0.02 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 512493 from its 52-week high?
Garnet International Limited trades at ₹49.87, about 58% below its 52-week high of ₹118.90 and 11% above the low of ₹44.75 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹20.11 is for.
Which stocks are comparable to Garnet International Limited?
From the same area (Financial) we also value IndiaNivesh Limited, BAMPSL, ODYCORP, Cni Research Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Garnet International Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹49.87, calculated fair value ₹20.11 (−60%), Quality Score 53/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 512493 calculated?
We run Garnet International Limited through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹20.11, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Garnet International Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Garnet International Limited (512493)?
The closing price on Oct 1, 2026 was ₹49.87. Our model-based fair value is ₹20.11, about −60% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Garnet International Limited right now?
The price sits above even our optimistic bull case (₹22.62). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. 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.
Key figures of Garnet International Limited
How large is the market capitalisation of Garnet International Limited (512493)?
The market capitalisation of Garnet International Limited is ₹486M (≈ $5.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Garnet International Limited (512493)?
Earnings per share at Garnet International Limited are ₹1.02 (price ÷ EPS = P/E 25.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Garnet International Limited (512493)?
The dividend yield of Garnet International Limited is 0.1% (payout 5.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Garnet International Limited (512493)?
The net margin of Garnet International Limited is 14.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Garnet International Limited (512493)?
On an EBIT basis the return on assets of Garnet International Limited is −0.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Garnet International Limited (512493)?
The operating margin of Garnet International Limited is −0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Garnet International Limited (512493)?
Revenue at Garnet International Limited is growing −74.8% versus a year earlier (3y avg −73.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Garnet International Limited (512493)?
Earnings per share at Garnet International Limited are growing +118% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Garnet International Limited (512493) generate?
The free cash flow of Garnet International Limited is −₹35.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Garnet International Limited (512493) carry?
The net debt of Garnet International Limited is ₹9.2M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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