KARNIKA

Karnika Industries Limited

Listed company · ISIN INE0MGA01012 · NSE SM · FV ₹10
Last price
₹135
-1.14%today
What this company does

Karnika Industries Limited is a listed company. It booked ₹106 cr of revenue in its latest quarter (Q2 FY27) and kept 12.2% of sales as profit.

64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
62

At close. Not part of the score.

Profitability & returns91

How much profit it earns on the money it employs

Balance sheet47

How much it owes, and whether earnings cover the interest

Cash quality41

Whether reported profit actually arrives as cash

Valuation41

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 73%
✓ No promoter shares pledged
✓ Strong 40% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in KARNIKA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹135▼ -1.14%
latest close · 2026-11-04
52-wk low ₹10874 sessions so far52-wk high ₹139
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.1Average
LowAverageHigh
P/B ratio6.41High
Below bookModerateHigh
EV / EBITDA10.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity39.8%Strong
WeakFairStrong ▸15%
Return on capital57.2%Strong
WeakFairStrong
Net margin12.2%Decent
ThinDecentStrong
EBITDA margin19.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.63Moderate
LowModerateHigh ▸1
Interest cover14.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.84Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹837 cr
Book value
₹21
EPS
₹2.10
latest quarter
Net debt
₹83 cr
owes more than its cash
Enterprise value
₹920 cr
EBITDA
₹84 cr
annualised
EBIT
₹83 cr
annualised
Operating margin
19.7%
Return on assets
18.2%
Earnings yield
6.22%
P/S
1.97
Sales / share
₹68.5
Tax rate
26.0%
Face value
₹10
Shares
6.2 cr
Working capital
₹118 cr
Current assets
₹258 cr
Current liabilities
₹140 cr
Delivery %
81.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹53–₹53, midpoint ₹53

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹106 cr
Other Income₹1 cr
Total Income₹107 cr
Cost of Materials₹42 cr
Purchases of Stock-in-Trade₹19 cr
Inventory Change (±)₹8 cr
Employee Benefit Expense₹3 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹18.8 L
Other Expenses₹14 cr
Total Expenses₹88 cr
Profit before Tax₹19 cr
Tax Expense₹5 cr
Share of JV / Associates₹-15.5 L
Net Profit₹14 cr
Net margin on total income13.2%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹69 cr64.6%
Employee benefit expense₹3 cr2.8%
Finance costs₹1 cr1.4%
Depreciation & amortisation₹18.8 L0.2%
Other expenses₹14 cr13.1%
Tax expense₹5 cr4.7%
Profit for the period₹14 cr13.2%
Total income ₹107 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue72 cr74 cr106 cr
Total income79 cr75 cr107 cr
Expenses66 cr63 cr88 cr
Profit before tax13 cr13 cr19 cr
Tax4 cr4 cr5 cr
Net profit (owners' share)9 cr9 cr13 cr
Net margin (owners' share, on revenue)12.5%12.2%12.2%
EPS (₹)1.451.452.10
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹286 cr
Shareholder equity
₹131 cr
parent shareholders
Total debt
₹84 cr
Cash
₹35.9 L
Cash flow · H1 FY27
Operating
₹-4 cr
Investing
₹-13 cr
Financing
₹17 cr
Who owns it · 2026-09-30
No pledge
Promoter
73.4%
FII / Foreign
—
DII / Domestic
4.1%
Retail / others
22.5%
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Directors and Auditors thereon.
Nobody outside the promoter group voted on this one, so there is no comparison to make.
2
To receive, consider and adopt the Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Directors and Auditors thereon.
Nobody outside the promoter group voted on this one, so there is no comparison to make.
3
To consider the re-appointment of Mrs. Kirti Mundhra (DIN - 09549207) as a director, liable to retire by rotation, and being eligible, offers herself for re-appointment.
Nobody outside the promoter group voted on this one, so there is no comparison to make.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 38 named members
owning 73.4% between them · as of 2026-09-30
Mahesh Kumar Mundhra24.46%
Niranjan Mundhra24.46%
Shiv Shankar Mundhra24.46%
Chanchal Mundhrano shares
Darsh Mundhrano shares
Deehub Lifestyle Limitedno shares
Deepak Karnanino shares
Elementa lifespaces Private Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹12 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside, leaving ₹0.01 L still to be spent.

PAYMENT TO CREDITORS AND REPAYMENT OF BANK LOAN
100%
₹12 cr of ₹12 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.