Price
Financials
Standalone, Rs crore| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.38 | 0.88 | 0.73 | 1.02 | 1.40 | 0.47 | 0.00 | 0.00 | 0.00 | 0.00 | 20.00 | 71.47 |
| Expenses | 0.39 | 0.84 | 0.68 | 0.94 | 1.34 | 0.46 | 0.07 | 0.01 | 0.13 | 0.14 | 18.39 | 69.62 |
| Operating Profit | -0.01 | 0.04 | 0.05 | 0.08 | 0.06 | 0.01 | -0.07 | -0.01 | -0.13 | -0.14 | 1.61 | 1.85 |
| OPM % | -2.63% | 4.55% | 6.85% | 7.84% | 4.29% | 2.13% | 8.05% | 2.59% | ||||
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.37 | 1.18 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.88 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.01 | 0.04 | 0.05 | 0.08 | 0.03 | 0.01 | 0.02 | -0.01 | 0.21 | 0.16 | 1.61 | 1.85 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 42.86% | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.01 | 0.04 | 0.05 | 0.08 | 0.04 | 0.01 | 0.02 | -0.01 | 0.13 | 0.16 | 1.61 | 1.85 |
| EPS in Rs | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.03 | 0.03 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 1.24 | 0.98 | 1.51 | 4.03 | 4.03 | 0.93 | 91.47 |
| Expenses | 0.06 | 0.11 | 0.08 | 0.10 | 0.17 | 1.28 | 1.01 | 1.49 | 3.85 | 3.80 | 0.67 | 88.28 |
| Operating Profit | -0.06 | -0.11 | -0.08 | -0.10 | -0.11 | -0.04 | -0.03 | 0.02 | 0.18 | 0.23 | 0.26 | 3.19 |
| OPM % | -183.33% | -3.23% | -3.06% | 1.32% | 4.47% | 5.71% | 27.96% | 3.49% | ||||
| Other Income | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.55 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.88 |
| Depreciation | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 |
| Profit before tax | -0.09 | -0.14 | -0.02 | -0.10 | -0.11 | -0.04 | -0.03 | 0.02 | 0.18 | 0.20 | 0.23 | 3.83 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 39.13% | |
| Net Profit | -0.09 | -0.14 | -0.02 | -0.10 | -0.11 | -0.04 | -0.03 | 0.02 | 0.18 | 0.20 | 0.15 | 3.75 |
| EPS in Rs | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -6% | -15% | 4791% | ||
| Compounded Profit Growth | 14% | 42% | 96% | 6150% | ||
| Stock Price CAGR | 23% | % | 5% | -50% | ||
| Return on Equity | 1% | 13% | 19% | 14% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.26 | 5.26 | 5.26 | 5.26 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 |
| Reserves | -4.32 | -4.46 | -4.48 | -4.58 | -4.68 | -4.73 | -4.76 | -4.74 | -4.57 | -4.36 | -4.22 | -2.44 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.37 | 0.25 | 0.51 | 0.56 | 2.52 | 0.55 | 17.74 |
| Total Liabilities | 0.94 | 0.80 | 0.78 | 0.69 | 0.75 | 1.04 | 0.89 | 1.17 | 1.39 | 3.56 | 1.73 | 20.71 |
| Fixed Assets | 0.39 | 0.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 | 0.25 | 0.23 | 0.23 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.09 |
| Other Assets | 0.55 | 0.43 | 0.78 | 0.69 | 0.75 | 1.04 | 0.89 | 1.17 | 1.12 | 3.31 | 1.50 | 0.39 |
| Total Assets | 0.94 | 0.80 | 0.78 | 0.69 | 0.75 | 1.04 | 0.89 | 1.17 | 1.39 | 3.56 | 1.73 | 20.71 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.00 | -0.06 | -0.11 | -0.02 | -0.09 | -0.10 | 0.00 | -0.09 | 0.04 | -0.31 | 0.01 | 0.04 |
| Cash from Investing Activity | 0.00 | 0.00 | 0.09 | 0.03 | 0.09 | 0.08 | 0.00 | 0.00 | 0.00 | -0.28 | 0.00 | -0.01 |
| Cash from Financing Activity | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | 0.22 | 0.38 | 0.00 | 0.00 |
| Net Cash Flow | 0.00 | 0.02 | -0.02 | 0.00 | 0.00 | 0.13 | 0.00 | -0.09 | 0.26 | -0.21 | 0.01 | 0.03 |
| Free Cash Flow | 0.00 | -0.06 | -0.11 | 0.35 | -0.09 | -0.10 | 0.00 | -0.09 | 0.04 | -0.59 | 0.01 | 0.03 |
| CFO/OP | 0% | 100% | 100% | 25% | 90% | 91% | 0% | 300% | 200% | -172% | 4% | 50% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 121.67 | 88.31 | 89.39 | 113.61 | 86.04 | 249.07 | 282.58 | |||||
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 | 4.93 | 38.89 | 0.00 | |||||
| Days Payable | 53.27 | 237.35 | ||||||||||
| Cash Conversion Cycle | 121.67 | 88.31 | 89.39 | 113.61 | 37.70 | 50.61 | 282.58 | |||||
| Working Capital Days | 3,528.33 | -17.66 | 0.00 | -7.25 | 42.57 | 61.59 | 317.90 | |||||
| ROCE % | -8.41% | -9.14% | -16.09% | -2.53% | -13.70% | -15.71% | -5.76% | -4.58% | 3.08% | 24.16% | 21.39% | 20.72% |
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 99.96% | 99.96% | 99.95% | 99.95% | 99.96% | 100.01% | 99.99% | 100.01% | 100.00% | 100.00% | 100.00% | 100.00% |
| No. of Shareholders | 19,438 | 20,609 | 22,732 | 26,895 | 30,691 | 30,924 | 40,640 | 45,520 | 44,945 | 45,991 | 46,674 | 45,390 |
Fundamentals
Market Cap₹ 6.43 Cr.
Current Price₹ 1.19
Stock P/E1.71
Book Value₹ 0.05
ROCE20.7 %
ROE13.5 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)4791%
Compounded Profit Growth (TTM)6150%
Standalone figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 6 Cr
P/E (TTM)1.66x
Price to book5.27x
Price to sales6.68x
EV / EBITDA1.57x
EV / EBIT1.59x
EV / sales6.53x
Price to cash flow155.34x
Earnings yield60.35%
P/E, 3-year average30.36x
P/B, 3-year average4.83x
P/E, 5-year average28.85x
P/B, 5-year average3.20x
Profitability
Operating margin (excl. other income)27.96%
Operating margin (incl. other income)27.96%
EBITDA margin415.05%
Pre-tax margin411.83%
Net profit margin403.23%
Net margin, latest quarter2.59%
ROE13.51%
ROCE20.72%
ROA5.67%
ROE, 3-year average19.69%
ROCE, 3-year average22.09%
ROA, 3-year average9.27%
ROE, 5-year average11.51%
ROCE, 5-year average12.95%
ROA, 5-year average5.33%
ROIC (approx.)224.16%
Tax rate39.13%
Growth
Sales growth (latest year)-76.92%
Profit growth (latest year)-25.00%
Sales CAGR, 3 years-14.92%
Sales CAGR, 5 years-5.59%
Profit CAGR, 3 years95.74%
Sales growth QoQ257.35%
Profit growth QoQ14.91%
Per share
EPS (TTM)Rs 0.69
EPS (latest year)Rs 0.03
EPS (latest quarter)Rs 0.34
EPS, 3-year averageRs 0.03
EPS, 5-year averageRs 0.02
Book value per shareRs 0.22
Sales per shareRs 0.17
Cash flow per shareRs 0.01
Free cash flow per shareRs 0.01
Efficiency
Asset turnover0.54x
Fixed asset turnover4.04x
Debtor days283 days
Debtors turnover1.29x
Creditor days237 days
Cash conversion cycle283 days
Working capital days318 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.04x
Owners' fund to total sources68.21%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
Cash from ops / profit, 5 years-0.60x
Sales to cash flow23.25x
Statement figures
Net sales (TTM)Rs 1 Cr
Net sales (latest year)Rs 1 Cr
Sales (latest quarter)Rs 71 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 2 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 1 Cr
Share capitalRs 5 Cr
ReservesRs -4 Cr
Shareholders' fundsRs 1 Cr
Total assetsRs 2 Cr
Net blockRs 0 Cr
ReceivablesRs 1 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)5.40
Ownership
Promoter holding0.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 1.7 is the lowest in its own 3.8-year history
(median 30.0, low 1.7, high 359.3).
P/B 5.27 is at the 41th percentile (median 5.60).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531671 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.2% | -2.8% | -1.4 pts |
| 1 month | -9.4% | -6.8% | -2.7 pts |
| 3 months | -11.5% | -7.6% | -3.9 pts |
| 3 years | +10.6% | +14.2% | -3.6 pts |
| 5 years | +1177.8% | +27.9% | +1149.9 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -49% of net profit over the last 3 years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2025Sales ₹71 Cr.
Net profit ₹2 Cr +18600.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| EPL Ltd | 7,465 | 18.2 | 17.8 % |
| AGI Greenpac Ltd | 5,130 | 13.9 | 19.5 % |
| Uflex Ltd | 4,668 | 6.75 | 7.03 % |
| TCPL Packaging Ltd | 3,748 | 31.0 | 17.9 % |
| Polyplex Corporation Ltd | 3,329 | 21.4 | 0.89 % |
| Jindal Poly Films Ltd | 2,938 | 50.2 | -1.99 % |
| XPRO India Ltd | 2,724 | 83.4 | 3.78 % |
| Cosmo First Ltd | 2,188 | 12.8 | 11.2 % |
| Knack Packaging Ltd | 2,161 | 21.2 | 34.1 % |
| Mold-Tek Packaging Ltd | 2,134 | 28.1 | 13.3 % |
| Huhtamaki India Ltd | 1,780 | 13.0 | 12.0 % |
| Arrow Greentech Ltd | 1,314 | 20.6 | 29.6 % |
| Commercial Syn Bags Ltd | 1,099 | 34.8 | 15.0 % |
| Dhunseri Ventures Ltd | 1,002 | 5.25 | 6.74 % |
| Ester Industries Ltd | 882 | 2.75 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Karnawati Innovation Limited?
Karnawati Innovation Limited (531671) has a market capitalisation of Rs 6.43 Cr. at the 2026-10-01 close.
What is the P/E ratio of Karnawati Innovation Limited?
Karnawati Innovation Limited trades at a P/E of 1.71 on trailing twelve-month profit, at the 2026-10-01 close.
What were Karnawati Innovation Limited's latest quarterly results?
In the Dec 2025 quarter, Karnawati Innovation Limited sales was Rs 71 Cr and net profit was Rs 2 Cr.