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Garnet construction trading at 13rs, Multibagger stock idea for 2017





Company working profile:

The organization, consolidated with the recorder of organizations at Bombay, in the condition of Maharashtra as open restricted organization on october fifteenth, 1992, got the testament of initiation of business on November sixteenth, 1992.

Garnet development is a 20 years of age proficient land property engineer association having demonstrated history of property execution and customer fulfilment. We plan our tasks to cook individual and institutional buyers. Delivering projects on schedule and inside set up financial plan is vital to organization's prosperity. We put stock in satisfying our client's necessity at "one stop" by delivering every one of the administrations.  Our inside and out information on Land creating has prompted a chance to procure/create over an aggregate of around 600 sections of land of land for different ventures including modern, business and private tasks.

Garnet Construction Ltd, was set up fundamentally to create, oversee and rent Industrial Plots and sheds. We have since stretched out its administrations to bring to the table customers an assortment of land related administrations too which incorporates Residential/Industrial/Commercial Open Plots/Bungalows at Khopoli and Lonavala.  Because of tenacious, inventive and dynamic collaborations of the relative multitude of chiefs, the gathering today stands ready as reliable and most trust commendable land bunch in Mumbai. Over the range, the gathering has become stronger to strength having finished number of tasks and acquired total confidence in revered ideas of Quality, Excellence Design and Construction.

The Company is driven by its Promoter Director Mr. Kishan Kumar Kedia with over 35 years of involvement with the field of Industrial plot and his two children Mr. Arun Kumar Kedia and Mr Sanjay Kumar Kedia emulating his example are fostering a private municipality of 400 cabins called "Wizardry Hills" in Khopoli (Ambivali Village, Taluka Khalapur) close to Mumbai Pune Expressway. The Company is additionally fostering another undertaking of 9 Residential Buildings in a similar area called Magic Heaven.

 The Promoters of the Company Mr. Arun Kedia and Mr. Sanjay Kedia have coasted another gathering Company known as J.S Realty Pvt Ltd. Under this, another task called Sunshine Paradise has been dispatched which is a gated local area with complete framework and has every one of the cutting edge conveniences.

The organization goals:

The primary objects of the organization as set out in its notice and articles of affiliation are as per the following:

To carry on the business in or outside India of development works and that of manufacturers, designers, project workers, or a wide range of works viz. street, spans, structures mechanical/private/business or something else, processing plants, manufacturing plant sheds, modern edifices, masanory works, all things considered, land improvements and additionally of soil examinations and project worker of focal public works offices, other government bodies or Semi-government bodies or common bodies.

 Present exercises of the organization

The organization is occupied with land advancement, development and improvement of modern premises (affairs) or plots at development focuses in different states empowering mechanical turn of events and different impetuses. The organization has begun its activities from april, 94 and the organization proposes to buy 41 sections of land of land out of which organization has effectively bought 19.05 sections of land of land close patalganga in the towns honad and dheku, taluka-khalapur, dist. raigad, (the understanding worth of which is rs.75.18 lacs). the absolute region to create and develop is 6.84 lakh sq.ft. for mechanical plots, sheds and occasions with various particulars and most current creative plans and frameworks. arrangements are continuing for the acquisition of equilibrium land for the conceived project.

 The turn of events and development work will be attempted in a staged way and in the main stage the organization proposes to foster a space of around 17 sections of land.

 In 2004, garnet development ltd has educated that it has given the promoting rights to showcase its property in lonavala and khopoli to sternon bunch situated in dubai and usa. they will advertise the property from third seven day stretch of january.

 In 2006, the organization has obtained 25 sections of land of land at express thruway close panvel in navi mumbai to foster a mega private municipality with every cutting edge office.

 In 2011, shri kishan kumar kedia has been delegated as an administrator and overseeing overseer of the organization.

 In 2013, garnet development ltd has been moved its enrolled office from 17, milap loft, s. v. street, malad (west), mumbai to 501/531, laxmi shopping center, laxmi mechanical bequest, new connection street, andher

  Personal view on the company performance and future prospectus

Garnet construction ltd, as name suggest that this company is operating in construction sector. Yes, there is debt is on higher side with all companies operating in construction sector. It may be risky but may give good returns. Please book profit on higher side. This Stock is going to be Big Multibagger stock in coming day. It is market Hidden Gem. I personally hold thousand of shares of this company and my clients have buying Position in this company. I would like to sell the shares on every rise of company stock pices. The Govt. has Focus on Low Cost Housing and This Company is offering houses at very reasonable price. Specially Company has Big Land bank in Mumbai with its subsidiary company. I will not be surprise if this stock will become at least 5 to 8 multiple in coming day. This company is trading at very low valuation. It is clearly Buy for me and for my clients. It is hidden gem stock for my blog readers. but it is the stock for investors only having high risk taking ability because the debit on the company is on higher side.

    Financials: 

 Face Value: 10rs

Total Assets of the company is  89 crore

Total debit on the company is  20 crore

Blocks of company is 10crs

Book Value of the company is  50

Price/ Book of the company is 25

Disclaimer:

   It is my personal view. Please do your own research before taking any decision. My view may differ from others. The company profile data may have collected from the company official website but the view on the company stock price is personal.

 

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