Karnika Industries Ltd

AI

Karnika Industries Ltd

₹ 126 -1.49%
22 Oct 2:18 p.m.
About

Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]

Key Points

Business Overview:[1][2]
The company has products across 9 categories & 500+ SKUs, including Shorts, Joggers, Tees, Sleep Suits, Dresses, Rompers, Pyjamas, Winter Wear, Infant Wear for Infants, Toddlers, Preschool, Kids, and Tweens

  • Market Cap ₹ 781 Cr.
  • Current Price ₹ 126
  • High / Low ₹ 179 / 90.2
  • Stock P/E 24.1
  • Book Value ₹ 20.2
  • Dividend Yield 0.08 %
  • ROCE 29.6 %
  • ROE 33.8 %
  • Face Value ₹ 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 103% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
  • Debtor days have improved from 139 to 110 days.

Cons

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
71 15 60 33 70 60 61 60 82
61 12 52 28 55 51 55 49 67
Operating Profit 10 3 8 5 14 10 6 10 15
OPM % 14% 20% 13% 15% 21% 16% 9% 17% 19%
1 0 2 1 0 0 7 2 1
Interest 1 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 10 2 9 4 13 8 11 10 15
Tax % 25% 24% 26% 26% 26% 26% 29% 29% 26%
7 1 6 3 9 6 8 7 11
EPS in Rs 1.17 0.23 1.01 0.50 1.51 1.01 1.28 1.19 1.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
47 98 124 126 171 224 263
45 89 109 108 145 187 222
Operating Profit 2 10 15 18 26 37 41
OPM % 4.4% 10% 12% 14% 15% 16% 16%
0 0 1 1 4 7 10
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 45
Tax % 35% 37% 26% 26% 25% 27%
1 5 8 10 18 27 32
EPS in Rs 1.80 1.63 2.91 4.30 5.23
Dividend Payout % 0% 0% 0% 0% 1% 2%
Compounded Sales Growth
10 Years: %
5 Years: 36%
3 Years: 22%
TTM: 47%
Compounded Profit Growth
10 Years: %
5 Years: 103%
3 Years: 51%
TTM: 61%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 104%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: 32%
3 Years: 30%
Last Year: 34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 0.00 0.00 9 12 12 62 62
Reserves 4 19 9 41 58 33 64
16 22 52 52 60 70 79
11 18 28 15 23 23 45
Total Liabilities 31 59 98 120 154 189 249
1 1 2 5 7 6 3
CWIP 0 0 0 0 0 0 0
Investments 0 0 0 0 8 24 26
30 58 96 115 139 159 221
Total Assets 31 59 98 120 154 189 249

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 3 21
-0 -0 -1 -4 -18 -25
7 15 14 20 4 4
Net Cash Flow 1 -1 2 10 -11 -0
Free Cash Flow -6 -16 -12 -10 -0 21
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -247% -155% -53% -14% 36% 85%

Ratios

Standalone / 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 135 154 254 342 270 198
Working Capital Days 24 66 42 109 117 105
ROCE % 31% 29% 21% 23% 30%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
Production Volume
Lakh pieces

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Manufacturing Capacity
units per month
Number of Customers
customers
Number of States Covered
states
Number of Sub-brands
brands
Number of Product Designs/SKUs
designs
Revenue from Repeat Customers (>3 years)
% of revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Mar 2024Sep 2024Mar 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
73.39% 73.39% 73.39% 73.39% 73.39% 73.39% 73.39% 73.39%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.08%
26.61% 26.61% 26.60% 26.61% 26.61% 26.61% 26.61% 22.53%
No. of Shareholders 3075355169219769959681,202

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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