Karnika Industries Ltd
Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]
- 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.
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 | 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 |
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| Number of Customers customers |
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| Number of States Covered states |
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| Number of Sub-brands brands |
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| Number of Product Designs/SKUs designs |
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| Revenue from Repeat Customers (>3 years) % of revenue |
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Extracted by Screener AI
Documents
Announcements
-
Outcome of Board Meeting
- Board approved migration from NSE Emerge to main boards of NSE and BSE on October 19, 2026.
-
Analysts/Institutional Investor Meet/Con. Call Updates
- Q2/H1 FY27 transcript: record revenue, EBITDA and PAT; eligible for main board migration from 13 Oct 2026.
-
Resignation of Director/KMP/SMP
- Karnika Industries Limited has informed about Resignation of Director/KMP/SMP
-
Cessation
- Ms. Muskan Bubna resigned as Company Secretary and Compliance Officer effective 14 Oct 2026.
-
Resignation
- Ms. Muskan Bubna resigned as Company Secretary and Compliance Officer effective October 14, 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Concalls
-
Oct 2026Transcript PPT REC
-
Jul 2026PPT
-
May 2026Transcript REC
-
Nov 2025Transcript
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