Micro Textiles

Karnika Industries Ltd.

KARNIKA

₹681.0

0.17% (1.15)

Market Cap

₹843 Cr.

P/E

46.75

Karnika Industries Ltd.
Overview
Financials
Benchmarking
Shareholding

Karnika Industries Ltd.

Karnika Industries Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Karnika Industries Ltd. Shareprice

Has the share price of Karnika Industries grown faster than its competition?

Karnika Industries has given better returns compared to its competitors.
Karnika Industries has grown at ~145.92% over the last 1yrs while peers have grown at a median rate of -1.96%

Is Karnika Industries stock expensive?

Karnika Industries is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA.
Latest PE of Karnika Industries is 46.75, while 3 year average PE is 40.36.
Also latest EV/EBITDA of Karnika Industries is 0 while 3yr average is 17.6.

View FAQ's On Business

Growth Table

Karnika Industries Ltd.
RSWM
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R&B Denims
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	157	—	—	—	—	—	—	—	—	—
TTM EPS CAGR	81.08	—	—	—	—	—	—	—	—	—
Sales CAGR	85.02	—	—	—	—	—	—	—	—	—
PAT Margin (Abs Growth)	1.37	—	—	—	—	—	—	—	—	—
PE CAGR	35.81	—	—	—	—	—	—	—	—	—
CFO CAGR	-88.84	—	—	—	—	—	—	—	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Karnika Industries Ltd.
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In Rs. Cr.	Mar'23	Mar'24	Mar'25
Assets	97.81	120	155
Non Current Assets	2.17	5.71	16.58
Net Block	1.53	5.08	7.43
Capital Work in Progress	0.00	0.00	—
Intangible Assets Under Development	—	—	—
Long Term Investments	—	—	8.66
Current Assets	95.68	114	138
Inventory	48.54	47.58	50.01
Accounts Receivable	40.22	51.38	74.57
Short Term Investments	—	—	—
Cash & Bank Balances	1.55	11.53	1.10
Liabilities	97.81	120	155
Shareholders Funds	17.93	53.11	71.02
Share Capital	9.10	12.40	12.40
Reserves	8.83	40.71	58.62
Non Current Liabilities	0.13	1.93	1.50
Secured Loans	0.04	1.86	—
Unsecured Loans	—	—	1.32
Current Liabilities	79.75	64.71	82.08
Accounts Payable	25.64	13.26	20.96
Short Term Loans	52.22	49.71	58.87

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Karnika Industries Ltd.
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In Rs. Cr.	Mar'23	Mar'24	TTM
Sales	125	127	173
Operating Expenses	109	109	147
Raw Material	59.75	42.87	71.16
Others	—	—	—
Material Cost (%)	49.62	50.89	38.53
Employee Cost	3.32	3.88	6.01
Power & Fuel Cost	0.26	0.49	—
Operating Profit	15.18	18.09	26.03
Other Income	1.46	1.18	3.73
OPM (%)	12.18	14.21	15.09
Depreciation and Amortisation	0.39	0.78	1.13
Interest	5.17	4.90	4.46
Profit Before Tax	11.09	13.59	24.17
Tax	2.91	3.49	6.14
Net Profit	8.18	10.10	18.03
Number of shares(Crs)	—	1.24	—
Dividend Payout Ratio(%)	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Karnika Industries Ltd.
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In Rs. Cr.	Mar'23	Mar'24	Sep'24
Cash from Operating Activity	-53.07	-5.92	-6.67
Profit Before Tax	11.09	13.59	21.39
Adjustments	5.62	5.78	6.02
OCF Before Working Capital	16.71	19.38	27.40
Working Capital Changes	-66.84	-21.72	-28.52
Taxes Paid	-2.94	-3.58	-5.54
Cash from Investing Activity	-1.92	-4.38	-7.72
Net Fixed Assets Purchased	-1.92	-4.32	-0.82
Fixed Assets Purchased	-1.92	-4.32	-0.82
Fixed Assets Sold	—	—	—
Investment Purchased	—	—	—
Investment Sold	—	—	—
Interest Recieved	-0.00	-0.05	-0.05
Dividends Recieved	—	—	—
Subsidiary Investments	—	—	—
Cash from Financing Activity	56.54	20.28	13.34
Proceeds From Shares	9.80	25.07	—
Net Long Term Borrowings	0.04	1.82	0.00
Proceeds From Borrowings	0.04	1.82	—
Repayment From Borrowings	—	—	—
Interest Paid	-5.17	-4.89	-4.23
Dividend Paid	—	—	—
Net Cash Flow	1.55	9.98	-1.05
Opening Cash & Cash Equivalents	0.03	1.55	—
Effect of FX	—	—	—
Closing Cash & Cash Equivalents	1.55	11.53	—
Net Capex (est)	1.92	4.32	0.82
Free Cash Flow (est)	-54.99	-10.25	-7.49

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Karnika Industries Ltd.
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	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.59	1.03
Liquid Assets (Crs)	47.14	66.58
Current Liabilities (Crs)	79.75	64.71
Current Ratio	1.20	1.76
Current Assets (Crs)	95.68	114
Current Liabilities (Crs)	79.75	64.71
Interest Coverage Ratio	3.15	3.78
EBIT (Crs)	16.25	18.49
Interest Expenses (Crs)	5.17	4.90
Fixed Asset Turnover	64.81	20.38
Net Sales (Crs)	125	127
Fixed Assets (Crs)	1.92	6.25
Cash Conversion Cycle	109	160
Inventory Days	142	138
Days Receivable	118	131
Days Payable	151	110
Debt to Equity Ratio	2.92	0.98
Total Debt (Crs)	52.30	52.10
Shareholders Equity (Crs)	17.93	53.11
Free Cash Flow/Sales (%)	-44.13	-8.05
Free Cash Flow(est) (Crs)	-54.99	-10.25
Net Sales (Crs)	125	127
Profitability Ratios
Gross Margin (%)	50.38	49.11
Op Profit Margin (%)	12.18	14.21
Operating Profit (Crs)	16.64	19.27
Net Sales (Crs)	125	127
Net Profit Margin (%)	6.57	7.94
Net Profit (Crs)	8.18	10.10
Net Sales (Crs)	125	127
ROCE (%)	89.99	33.60
EBIT (Crs)	16.25	18.49
Capital Employed (Crs)	18.06	55.04
Return on Assets (%)	8.37	8.44
Net Profit (Crs)	8.18	10.10
Total Assets (Crs)	97.81	120
ROIC (%)	68.62	29.93
Op Profit after Taxes (Crs)	10.91	12.87
Invested Capital (Crs)	15.91	42.99
ROE (%)	45.64	19.03
Net Profit Margin (%)	6.57	7.94
Asset Turnover ratio	1.27	1.06
Equity Multiplier	5.46	2.25
Adjusted EPS	8.99	8.15
Valuation Ratios
P/E	0.00	37.02
Price to Book	0.00	7.04
EV/EBITDA	3.60	21.52
Dividend Yield (%)	—	0.00

Quarterly Results

Karnika Industries Ltd.
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In Rs. Cr.	Sep'23	Mar'24	Sep'24	Mar'25
Net Sales	64.34	62.93	97.14	75.41
Operating Expenses	55.38	53.81	82.09	64.42
Increase/Decrease in Stock	0.81	0.99	-1.31	-3.37
Raw Material	21.65	21.23	42.34	28.82
Employee Cost	3.44	3.20	2.83	3.18
Selling and Distribution Expenses	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00
Operating Profit	8.96	9.12	15.05	10.98
Other Income	0.17	1.01	1.39	2.34
Interest	2.81	2.08	2.15	2.31
PBDT	6.31	8.06	14.28	11.02
Depreciation and Amortization	0.31	0.47	0.48	0.64
Profit Before Tax	6.00	7.59	13.80	10.38
Tax	1.49	2.00	3.45	2.69
Profit After Tax	4.51	5.59	10.35	7.69
Exceptional Items	0.00	0.00	0.00	0.00
Net Profit	4.51	5.59	10.35	7.69
Quarterly Ratios
EPS	4.96	4.51	8.34	6.20
Operating Profit Margin	13.92	14.49	15.49	14.57
Net Profit Margin	7.02	8.88	10.65	10.19

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

53.70%

Implied Growth Rate over a 5 year period*

20.00%

Implied Growth Rate over a 10 year period*

9.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

FAQs on Karnika Industries Ltd. Financials

How strong is Karnika Industries balance sheet?

Balance sheet of Karnika Industries is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Karnika Industries increasing or decreasing?

Yes, The net debt of Karnika Industries is increasing.
Latest net debt of Karnika Industries is ₹59.1 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹29.31 Crs.

Is the profitablity of Karnika Industries improving?

Yes, profit is increasing.
The profit of Karnika Industries is ₹18.03 Crs for TTM, ₹10.1 Crs for Mar 2024 and ₹8.18 Crs for Mar 2023.

Does Karnika Industries pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Karnika Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Karnika Industries allocated its funds?

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable

View FAQ's On Shareholding

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Karnika Industries Ltd.

Karnika Industries Ltd.

Has the share price of Karnika Industries grown faster than its competition?

Is Karnika Industries stock expensive?

How strong is Karnika Industries balance sheet?

Is the debt of Karnika Industries increasing or decreasing?

Is the profitablity of Karnika Industries improving?

Does Karnika Industries pay decent dividends?

How has Karnika Industries allocated its funds?

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