Karnavati Finance Ltd
Karnavati Finance Limited, incorporated in 1984, is a financial service company in India offering end-to-end lending, financing and wealth management solutions to a diversified range of customers across the country. [1]
- Market Cap ₹ 22.2 Cr.
- Current Price ₹ 2.21
- High / Low ₹ 7.99 / 1.90
- Stock P/E
- Book Value ₹ 1.37
- Dividend Yield 0.00 %
- ROCE 5.33 %
- ROE 4.21 %
- Face Value ₹ 1.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.13% over past five years.
- Company has a low return on equity of 2.53% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0.24 | 0.15 | 0.37 | 0.48 | 0.44 | 0.95 | 2.02 | 3.24 | 2.76 | 1.22 | 2.40 | 2.85 | 3.16 | |
0.22 | 0.92 | 0.26 | 0.81 | 0.17 | 0.24 | 0.56 | 0.66 | 2.35 | 0.95 | 2.04 | 1.76 | 3.99 | |
Operating Profit | 0.02 | -0.77 | 0.11 | -0.33 | 0.27 | 0.71 | 1.46 | 2.58 | 0.41 | 0.27 | 0.36 | 1.09 | -0.83 |
OPM % | 8.33% | -513.33% | 29.73% | -68.75% | 61.36% | 74.74% | 72.28% | 79.63% | 14.86% | 22.13% | 15.00% | 38.25% | -26.27% |
0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.28 | 0.07 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | -0.04 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.68 | 1.58 | 0.26 | 0.05 | 0.03 | 0.34 | 1.42 |
Depreciation | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
Profit before tax | 0.01 | -0.78 | 0.10 | -0.35 | 0.43 | 0.96 | 0.83 | 0.99 | 0.14 | 0.21 | 0.40 | 0.74 | -2.29 |
Tax % | 0.00% | -1.28% | 50.00% | -8.57% | 16.28% | 22.92% | 25.30% | 27.27% | 21.43% | 42.86% | 25.00% | 25.68% | |
0.00 | -0.79 | 0.04 | -0.38 | 0.37 | 0.75 | 0.62 | 0.72 | 0.11 | 0.12 | 0.30 | 0.56 | -2.08 | |
EPS in Rs | 0.00 | -0.21 | 0.01 | -0.05 | 0.04 | 0.09 | 0.06 | 0.07 | 0.01 | 0.01 | 0.03 | 0.06 | -0.21 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 34% |
5 Years: | 7% |
3 Years: | 1% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | -2% |
3 Years: | 72% |
TTM: | -176% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -7% |
3 Years: | 15% |
1 Year: | -61% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.78 | 3.78 | 3.78 | 8.36 | 8.36 | 8.36 | 10.05 | 10.05 | 10.05 | 10.05 | 10.05 | 10.05 | 10.05 |
Reserves | 0.07 | -0.71 | -0.67 | -1.05 | -0.68 | 0.07 | 1.71 | 2.43 | 2.54 | 2.66 | 2.96 | 3.53 | 3.76 |
0.03 | 0.03 | 0.03 | 0.27 | 0.02 | 0.00 | 14.52 | 16.03 | 11.30 | 5.44 | 1.21 | 12.72 | 17.44 | |
0.20 | 0.16 | 0.24 | 0.29 | 0.31 | 0.42 | 0.67 | 0.81 | 0.53 | 0.77 | 0.25 | 1.05 | 1.01 | |
Total Liabilities | 4.08 | 3.26 | 3.38 | 7.87 | 8.01 | 8.85 | 26.95 | 29.32 | 24.42 | 18.92 | 14.47 | 27.35 | 32.26 |
0.05 | 0.04 | 0.13 | 0.11 | 0.10 | 0.08 | 0.06 | 0.05 | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
4.03 | 3.22 | 3.25 | 7.76 | 7.91 | 8.77 | 26.89 | 29.27 | 24.38 | 18.89 | 14.45 | 27.34 | 32.25 | |
Total Assets | 4.08 | 3.26 | 3.38 | 7.87 | 8.01 | 8.85 | 26.95 | 29.32 | 24.42 | 18.92 | 14.47 | 27.35 | 32.26 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1.66 | -0.25 | 0.29 | -4.65 | -0.07 | 0.35 | -16.56 | 0.08 | 4.86 | 5.71 | 4.25 | -9.44 | |
0.01 | 0.00 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
1.78 | 0.04 | -0.04 | 4.82 | -0.25 | -0.03 | 16.55 | -0.08 | -5.00 | -5.91 | -4.25 | 11.03 | |
Net Cash Flow | 0.13 | -0.21 | 0.15 | 0.17 | -0.32 | 0.32 | -0.01 | 0.01 | -0.14 | -0.20 | 0.00 | 1.58 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 | 3.04 | 0.00 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 | 3.04 | 0.00 |
Working Capital Days | 5,307.71 | 7,105.33 | 2,693.11 | 5,330.52 | 6,155.23 | 3,023.74 | 4,645.62 | -70.97 | -64.80 | -206.43 | -12.17 | -96.05 |
ROCE % | 0.33% | -22.35% | 3.21% | -6.53% | 5.63% | 12.03% | 8.70% | 9.38% | 1.53% | 1.24% | 2.66% | 5.33% |
Documents
Announcements
- Compliance Certificate Under Regulation 40(10) Of SEBI (LODR) Regulations, 2015 For The Year Ended On March 31, 2024 24 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulation, 2015 For The Year Ended On March 31, 2024 24 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr
- Closure of Trading Window 30 Mar
- Unaudited Financial Results For The Quarter Ended On December 31, 2023 10 Feb
History
Karnavati Finance Limited was originally incorporated as “Karnavati Finance And Leasing Ltd” in Mumbai in Dec-1984. The name of the company was changed to “Karnavati Finance Ltd” in Dec-1989. In the year 2001-2002, the company was taken over by present promoter Mr Raman Morzaria founder of Morzaria group (Vraj Group) from former promoter group namely Mr Rajnikant Worah and his associates. [1]