Karnika Industries Ltd
Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]
- Market Cap ₹ 700 Cr.
- Current Price ₹ 113
- High / Low ₹ 225 / 90.2
- Stock P/E 22.6
- Book Value ₹ 15.4
- Dividend Yield 0.09 %
- ROCE 28.3 %
- ROE 32.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 101% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.6%
- Debtor days have improved from 139 to 110 days.
Cons
- Stock is trading at 7.36 times its book value
* 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
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Part of Nifty SME Emerge
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 47 | 98 | 124 | 126 | 171 | 224 | 251 | |
| 45 | 89 | 109 | 108 | 145 | 189 | 211 | |
| Operating Profit | 2 | 10 | 15 | 18 | 26 | 35 | 40 |
| OPM % | 4% | 10% | 12% | 14% | 15% | 16% | 16% |
| 0 | 0 | 1 | 1 | 4 | 9 | 9 | |
| Interest | 1 | 2 | 5 | 5 | 5 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 1 |
| Profit before tax | 1 | 7 | 11 | 14 | 24 | 37 | 43 |
| Tax % | 35% | 37% | 26% | 26% | 25% | 27% | |
| 1 | 5 | 8 | 10 | 18 | 27 | 31 | |
| EPS in Rs | 1.80 | 1.63 | 2.91 | 4.30 | 4.99 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 22% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 101% |
| 3 Years: | 48% |
| TTM: | 72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 30% |
| Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 9 | 12 | 12 | 62 |
| Reserves | 4 | 19 | 9 | 41 | 59 | 33 |
| 16 | 22 | 52 | 52 | 60 | 70 | |
| 11 | 18 | 28 | 15 | 23 | 23 | |
| Total Liabilities | 31 | 59 | 98 | 120 | 155 | 189 |
| 1 | 1 | 2 | 5 | 7 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 9 | 24 |
| 30 | 58 | 96 | 115 | 139 | 159 | |
| Total Assets | 31 | 59 | 98 | 120 | 155 | 189 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -6 | -15 | -11 | -6 | 4 | 21 | |
| -0 | -0 | -1 | -4 | -18 | -25 | |
| 7 | 15 | 14 | 20 | 4 | 4 | |
| Net Cash Flow | 1 | -1 | 2 | 10 | -10 | -0 |
| Free Cash Flow | -6 | -16 | -12 | -10 | 1 | 21 |
| CFO/OP | -247% | -155% | -53% | -14% | 39% | 89% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 129 | 100 | 118 | 148 | 159 | 110 |
| Inventory Days | 99 | 123 | 287 | 268 | 191 | 130 |
| Days Payable | 93 | 68 | 151 | 75 | 80 | 42 |
| Cash Conversion Cycle | 135 | 154 | 254 | 342 | 270 | 197 |
| Working Capital Days | 24 | 66 | 42 | 109 | 117 | 104 |
| ROCE % | 31% | 29% | 21% | 23% | 28% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Manufacturing Capacity units per month |
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| Number of Customers customers |
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| Number of States Covered states |
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| Production Volume Lakh pieces |
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| Number of Product Designs/SKUs designs |
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| Number of Sub-brands brands |
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| Revenue from Repeat Customers (>3 years) % of revenue |
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Extracted by Screener AI
Documents
Announcements
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Investor Presentation
18 July 2026 - Investor presentation for unaudited Q1 FY2026-27 results uploaded on 18 July 2026.
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Price movement
14 July 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 July 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended June 30, 2026.
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Copy of Newspaper Publication
6 July 2026 - Newspaper advertisement submitted for unaudited Q1 FY2027 results published in Business Standard and Ek Din.
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Outcome of Board Meeting
4 July 2026 - Board approved Q1 FY2027 standalone and consolidated results on July 4, 2026.
Annual reports
Concalls
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Jul 2026TranscriptAI SummaryPPT
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May 2026TranscriptPPTREC
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Nov 2025TranscriptPPT
Business Overview:[1][2]
a) KIL is an ISO 14001:2015 certified manufacturing and trader of readymade garments for Babies, Boys and Girls and dress materials with its main products being Tops, Dresses, Denims, Leggings, Skirts and Ponchos
b) It manufactures products through job work.
c) Company does designing, preparation of sample, quality inspection, ironing and packing of garments