Karnika Industries Ltd.
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ABOUT
AI Sector View
AI GENERATEDTextiles
This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.4%
- Company has a healthy return on capital (ROCE) of 22.8%
- Latest quarter profit grew 138.7% YoY, showing strong momentum
- Company comfortably covers its interest (6.3x coverage)
CONS
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.51x)
- Operating cash flow has been negative in recent years
- Free cash flow has been persistently negative
- Stock is trading at 11.2x its book value
- Rich enterprise valuation - EV/EBITDA of 28.7x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PAGEIND | 35350.00 | 52.17 | 39428.94 | 1.56 | 192.81 | -3.98 | 1420.45 | 7.89 | 73.60 | 20.35 |
| KPRMILL | 1109.40 | 41.56 | 37920.85 | 0.45 | 258.54 | 21.55 | 1935.52 | 14.77 | 20.16 | 19.37 |
| WELSPUNLIV | 207.80 | 70.72 | 19631.96 | 0.05 | 162.61 | 82.09 | 2795.45 | 23.66 | 6.41 | 11.53 |
| VTL | 567.35 | 19.38 | 16429.14 | 0.88 | 314.56 | 51.46 | 2703.08 | 13.31 | 8.91 | 18.11 |
| ARVIND | 575.25 | 37.79 | 15649.14 | 0.78 | 57.77 | 5.61 | 2500.96 | 24.65 | 15.30 | 9.64 |
| MANYAVAR | 582.75 | 35.14 | 14159.56 | 1.33 | 66.90 | 37.31 | 267.95 | 22.74 | 29.45 | 45.53 |
| PGIL | 1190.75 | 35.45 | 11000.28 | 0.61 | 992.34 | 51.37 | 15282.61 | 24.46 | 22.42 | 10.72 |
| SWANCORP | 296.30 | 41.54 | 9287.73 | 0.05 | -35.99 | -233.33 | 1013.75 | -16.44 | 4.50 | -0.38 |
| ICIL | 443.05 | 58.16 | 8774.80 | 0.34 | 63.22 | 67.28 | 1206.96 | 25.89 | 8.73 | 11.88 |
| GARFIBRES | 797.15 | 37.06 | 7784.04 | 1.13 | 64.60 | 21.56 | 482.37 | 31.35 | 20.98 | 18.70 |
| KUSUMGAR | 567.35 | 60.66 | 5956.69 | 0.00 | 426.47 | — | 2472.47 | — | 26.15 | 30.50 |
| KARNIKA | 119.25 | 26.44 | 739.32 | 0.00 | 91.38 | — | 737.72 | — | 24.29 | 17.23 |
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 | |
|---|---|---|---|---|---|---|---|---|
| 71 | 15 | 60 | 33 | 70 | 60 | 61 | 598 | |
| 61 | 12 | 52 | 28 | 55 | 51 | 55 | 510 | |
| Operating Profit | 10 | 3 | 8 | 5 | 14 | 10 | 6 | 88 |
| OPM % | 14.19% | 20.15% | 13.17% | 14.99% | 20.72% | 16.15% | 9.43% | 14.67% |
| 1 | 0 | 2 | 1 | 0 | 0 | 7 | 16 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit before Tax | 10 | 2 | 9 | 4 | 13 | 8 | 11 | 104 |
| Tax % | 25.15% | 24.06% | 26.32% | 25.78% | 26.41% | 25.83% | 29.35% | 29.26% |
| Net Profit | 7 | 1 | 6 | 3 | 9 | 6 | 8 | 74 |
| 5.85 | 1.14 | 5.06 | 2.48 | 3.29 | 1.01 | 1.28 | 1.19 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 125 | 127 | 173 | 251 | |
| 109 | 109 | 146 | 212 | |
| Operating Profit | 15 | 18 | 26 | 39 |
| OPM % | 12.18% | 14.21% | 15.13% | 15.44% |
| 1 | 1 | 4 | 9 | |
| Interest | 5 | 5 | 5 | 5 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before Tax | 11 | 14 | 24 | 43 |
| Tax % | 26.20% | 25.66% | 25.40% | 27.76% |
| Net Profit | 8 | 10 | 18 | 31 |
| EPS | 8.99 | 8.15 | 14.54 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.69% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -32%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 34%
- Last Year:
- 29%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 9 | 12 | 12 |
| 9 | 41 | 59 | |
| 52 | 52 | 60 | |
| Trade Payables | 26 | 13 | 21 |
| 2 | 2 | 3 | |
| Total Liabilities | 98 | 120 | 154 |
| 2 | 5 | 7 | |
| 0 | 0 | 9 | |
| 49 | 48 | 50 | |
| 0 | 51 | 75 | |
| Cash & Bank | 2 | 12 | 1 |
| 46 | 4 | 13 | |
| Total Assets | 98 | 120 | 154 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -50 | -6 | 4 | |
| Cash from Investing | -2 | -4 | -18 |
| Cash from Financing | 57 | 20 | 4 |
| 2 | 10 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for KARNIKA
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