Karnika Industries Ltd

NSE: KARNIKA · Other · sector

₹124.95NSE close 2026-10-26

Key numbers

Market cap₹775 cr

Price₹124.95

52w high / low₹179 / ₹90

P/E20.7xSector median 14.4x

P/B5.9xSector median 1.7x

Book value₹21.1

Dividend yield0.08%Sector median 0.37%

ROE34.8%Sector median 13.8%

ROCE27.9%Sector median 19.6%

OPM15.5%Sector median 10.4%

Debt / equity0.64xSector median 0.29x

EV/EBITDA17.0xSector median 8.4x

Interest cover10.8x

Current ratio1.84x

Sales growth 3y–Sector median +7.7%

Profit growth 3y–Sector median +16.6%

PEG–

Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹0 cr vs borrowings ₹76 cr (FY26): borrowings are higher by ₹75 cr.
Operating profit covered interest 10.8x in the last 12 months.
Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 28% of net profit in the last 12 months.
No dividend in the last 3 financial years.
Price ₹124.95 on 2026-10-26: -30.4% from the 52-week high, +38.4% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹896.15 · low ₹102.35

Quarterly results

₹ cr	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	63	97	75	70	74	72	74	106
EBITDA	9	15	11	14	10	8	13	20
OPM %	14.5%	15.5%	14.6%	20.7%	13.8%	10.7%	17.2%	18.8%
Other income	1	1	2	0	1	7	2	1
Net profit	6	10	8	9	7	9	9	13
EPS (₹)	4.51	8.34	6.20	3.29	1.05	1.45	1.45	2.10
Revenue YoY					+17.1%	-26.1%	-2.2%	+52.3%
Profit YoY					+16.8%	-13.3%	+17.1%	+38.4%

Consolidated figures where filed. Latest quarter Sep 2026.

Profit & loss (yearly)

₹ cr	FY24	FY25	FY26	TTM
Revenue	127	173	248	325
EBITDA	18	26	37	50
Net profit	10	18	28	37
EPS (₹)	8.15	14.54	6.72	6.05
Revenue growth		+35.6%	+44.0%	–
Profit growth		+78.5%	+55.1%	–
Dividend / share (₹)	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	–	–	–
Net profit	–	–	–
EPS	–	–	–
Share price	–	-29.7% (2y)	-31.4%

Balance sheet

₹ cr	FY24	FY25	FY26
Shareholders' equity	–	59	96
Borrowings	–	–	76
Cash & equivalents	–	1	0
Total assets	–	155	215
Fixed assets	–	7	6
Capital work in progress	–	–	1
Investments	–	9	20
Receivables	–	–	88
Inventory	–	50	58
Payables	–	–	34

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY24	FY25	FY26
Cash from operations	-6	4	16
Cash from investing	-4	-18	-22
Cash from financing	20	4	5
Capex	0	3	0
Free cash flow	-6	1	16

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY24	FY25	FY26
ROE %	–	30.8%	29.0%
ROCE %	–	48.9%	25.8%
Debtor days	–	–	129
Inventory days	–	191	128
Payable days	–	–	75
Cash conversion cycle (days)	–	–	182
Working capital days	–	118	102

Peers in Other

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
TSFINV	₹8,585 cr	17.6x	1.4x	8.4%	3.6%	20.5%	+121.7%	2.30%
KRISHANA	₹6,339 cr	39.9x	11.3x	41.6%	23.2%	12.6%	+95.7%	0.05%
MARINE	₹5,431 cr	84.2x	11.0x	14.3%	18.0%	10.8%	+25.6%	0.07%
ZOTA	₹4,139 cr	–	6.0x	-22.5%	-12.4%	-0.5%	+56.7%	0.07%
AIMTRON	₹3,319 cr	71.7x	17.1x	28.0%	31.8%	21.8%	–	–
ACCORD	₹2,984 cr	–	261.7x	12.4%	12.0%	2.4%	–	–
MONOLITH	₹2,646 cr	64.6x	24.3x	36.0%	48.7%	24.4%	–	–
UTSSAV	₹2,390 cr	40.2x	14.1x	43.4%	54.7%	7.9%	–	–
BETA	₹2,200 cr	40.6x	5.0x	16.4%	17.0%	20.8%	–	–
KARNIKA	₹775 cr	20.7x	5.9x	34.8%	27.9%	15.5%	–	0.08%

All 688 companies in Other →

Documents

Links go to the original files on the exchange website.

About the company


Sector
Industry	Other
Sub-industry
Symbol	KARNIKA
BSE code	–
ISIN	INE0MGA01012
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results); price = NSE close 2026-10-26.