---
title: "Karma Industries Ltd (512585) — Share Price, Financials & Analysis"
symbol: "512585"
company: "Karma Industries Ltd"
canonical: "https://tapetide.com/stocks/512585"
isin: "INE416F01019"
bse_code: "512585"
generated_at: "2026-10-13T10:59:34.504Z"
---

# Karma Industries Ltd (512585)

Canonical page: https://tapetide.com/stocks/512585

## Company

- **BSE Code:** 512585
- **ISIN:** INE416F01019
- **Stock Type:** EQUITY
- **Listed Since:** 2006-04-25
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** karmaindustriesltd.com

## About

The Company is trading in broad range of steel products, including cold rolled (CR) coils and sheets, cold twisted (CTD) bars, hot rolled (HR) sheets and plates and HR steel plates, ingot irons, mild steel (MS) plates, angles, channels, chequered plates, wires, thermo-mechanically treated (TMT) bars, rebars and tor steel, stainless steel and other alloy steels.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.13 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 13.4% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -102% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 46.74 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 67.8 | 0.23 | 0.22 | 0.06 | 0 | 0.01 |
| Operating Profit | -21.06 | -0.23 | -0.22 | -0.06 | 0 | -0.01 |
| OPM % | -45.06 | — | — | — | — | — |
| Other Income | -23 | 0 | 0 | 0 | 0 | 0 |
| Interest | -0.02 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.04 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -44.08 | -0.23 | -0.22 | -0.06 | 0 | -0.01 |
| Tax % | -0.34 | 0 | 0 | 0 | — | 0 |
| Net Profit | -43.93 | -0.23 | -0.22 | -0.06 | 0 | -0.01 |
| EPS in Rs | -13.31 | -0.07 | -0.07 | -0.02 | 0 | 0 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 119.11 | 276.7 | 428.32 | 658.8 | 746.5 | 657.65 | 0 | 0 | 0 |
| Expenses | 0.03 | 117.4 | 274.86 | 426.56 | 651.1 | 738.25 | 698.87 | 0.38 | 0.05 | 0.03 |
| Operating Profit | -0.03 | 1.71 | 1.84 | 1.76 | 7.7 | 8.25 | -41.22 | -0.38 | -0.05 | -0.03 |
| OPM % | — | 1.44 | 0.66 | 0.41 | 1.17 | 1.11 | -6.27 | — | — | — |
| Other Income | 0 | 0 | 0.66 | 0.44 | 0.3 | 0.47 | 0.08 | 0.03 | -0.93 | 0 |
| Interest | 0 | 0.4 | 0.92 | 0.57 | 4.54 | 6.05 | 4.32 | 0 | 0 | 0 |
| Depreciation | 0.07 | 0.29 | 0.34 | 0.38 | 0.23 | 0.13 | 0.13 | 0.03 | 0.03 | 0.03 |
| Profit before tax | -0.1 | 1.02 | 1.24 | 1.25 | 3.23 | 2.54 | -45.59 | -0.38 | -1.01 | -0.06 |
| Tax % | -10 | 3.92 | 39.52 | 20.8 | 36.53 | 35.83 | 0.04 | 5.26 | 1.98 | 33.33 |
| Net Profit | -0.09 | 0.98 | 0.75 | 0.99 | 2.05 | 1.64 | -45.61 | -0.4 | -1.03 | -0.07 |
| EPS in Rs | — | — | 0.23 | 0.3 | 0.62 | 0.5 | -13.82 | -0.12 | -0.31 | -0.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 48.29 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | -0.15 | 11.23 | 20.03 | 21.02 | 21.91 | 23.55 | -22.06 | -22.84 | -23.87 | -23.94 |
| Borrowings | 0.03 | 0.03 | 2.98 | 7.25 | 30.04 | 101.67 | 38.3 | 36.74 | 36.74 | 36.74 |
| Other Liabilities | 0.27 | 19.8 | 14.81 | 45.75 | 75.12 | 52.48 | 40.85 | 28.63 | 28.98 | 29.02 |
| Total Liabilities | 3.15 | 34.06 | 70.82 | 107.02 | 160.07 | 210.7 | 90.09 | 75.53 | 74.85 | 74.82 |
| Fixed Assets | 1 | 0.73 | 2 | 2.59 | 2.38 | 2.27 | 2.15 | 1.65 | 1.62 | 1.59 |
| CWIP | 0 | 0 | 0 | 0 | 28.81 | 43.44 | 71.86 | 71.72 | 71.72 | 71.72 |
| Investments | 0 | 0 | 4.73 | 12.59 | 5.59 | 5.59 | 0.05 | 0 | 0 | 0 |
| Other Assets | 2.15 | 33.33 | 64.09 | 91.84 | 123.29 | 159.4 | 16.03 | 2.16 | 1.51 | 1.51 |
| Total Assets | 3.15 | 34.06 | 70.82 | 107.02 | 160.07 | 210.7 | 90.09 | 75.53 | 74.85 | 74.82 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.04 | -8.77 | -33.89 | 6.54 | -1.99 | 0 | 0 | -0.15 | 0 | 0 |
| Cash from Investing Activity | -0.04 | -0.22 | -6.33 | -8.48 | -21.64 | 0 | 0 | 0.15 | 0 | 0 |
| Cash from Financing Activity | 0.03 | 10.4 | 40.99 | 4.27 | 29.96 | 0 | 0 | -0.03 | 0 | 0 |
| Net Cash Flow | 0.03 | 1.41 | 0.77 | 2.33 | 6.33 | 0 | 0 | -0.02 | 0 | 0 |
| Free Cash Flow | 0 | -8.78 | -35.5 | 5.57 | -30.82 | 0 | 0 | -0.15 | 0 | 0 |
| CFO/OP | -133 | -513 | -1842 | 372 | -26 | 0 | 0 | 39 | 0 | 0 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 89.17 | 72.76 | 64.73 | 56.21 | 74.01 | 3.98 | — | — | — |
| Inventory Days | — | 6.87 | 1.29 | 3.3 | 3.06 | 0 | 0 | — | — | — |
| Days Payable | — | 59.74 | 18.7 | 27.41 | 28.1 | — | — | — | — | — |
| Cash Conversion Cycle | — | 36.31 | 55.36 | 40.62 | 31.17 | 74.01 | 3.98 | — | — | — |
| Working Capital Days | — | 36.96 | 62.06 | 35.4 | 20.71 | 49.83 | -13.84 | — | — | — |
| ROCE % | -3.44 | 16.57 | 6.15 | 3.1 | 10.63 | 7.07 | -39.65 | — | 9.42 | -0.13 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- |
| Promoters | 27.5% | 27.5% | 27.5% |
| FIIs | 0.06% | 0.06% | 0.06% |
| DIIs | 0.02% | 0.02% | 0.02% |
| Public | 72.42% | 72.41% | 72.42% |
| No. of Shareholders | 11763 | 10976 | 10772 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% |
| FIIs | 0.22% | 0.22% | 0.22% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| DIIs | 0.05% | 0.04% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 72.23% | 72.24% | 72.26% | 72.42% | 72.41% | 72.41% | 72.42% | 72.41% | 72.41% | 72.42% |
| No. of Shareholders | 11803 | 11684 | 11904 | 11763 | 11557 | 11577 | 11063 | 10976 | 10881 | 10772 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 890.73 | Sell |
| EMA (10) | 882.86 | Sell |
| SMA (20) | 922.75 | Sell |
| EMA (20) | 901.44 | Sell |
| SMA (50) | 927.64 | Sell |
| EMA (50) | 930.08 | Sell |
| SMA (100) | 984.42 | Sell |
| EMA (100) | 942.15 | Sell |
| SMA (200) | 946.8 | Sell |
| EMA (200) | 908.82 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.04 | Neutral |
| MACD (12,26,9) | -20.27 | Sell |
| Stochastic (14,3,3) | 20.96 | Neutral |
| ADX (14) | 18.08 | Neutral |
| Williams %R (14) | -67.73 | Neutral |
| ATR (14) | 37.03 | High Volatility |
| ROC (12) | -8.18 | Sell |
| Stoch RSI (14) | 23.59 | Neutral |
| UO (7,14,28) | 42.48 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2019-02-05 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/507d911a-d041-44ea-9a64-ed8db050400e.pdf) |
| 2019-01-28 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/1/085fa98b-f0fb-4418-bdb5-eeea509aaccd.pdf) |
| 2018-12-16 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/12/b3ce0343-fbc8-4f48-9b06-be564b63a56a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/530721/5307210317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/530721/5307210316.pdf) |
| Mar 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport/530721/5307210315.pdf) |
| Mar 2013 | [Financial Year 2013](https://www.bseindia.com/bseplus/AnnualReport/530721/5307210313.pdf) |
| 2013 | [Financial Year 2013](https://archives.nseindia.com/annual_reports/AR_1995_ANGIND_2012_2013_30092013152751.zip) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/512585/5125850312.pdf) |
| 2012 | [Financial Year 2012](https://archives.nseindia.com/annual_reports/AR_2631_ANGIND_2011_2012_22102013160033.zip) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/512585/5125850311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/512585/5125850310.pdf) |
| 2010 | [Financial Year 2010](https://archives.nseindia.com/annual_reports/AR_ANGIND_2009_2010_21072011101111.zip) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2019-12-18 | Credit rating update — Brickwork Ratings |
| 2014-02-11 | Credit rating update — CRISIL |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:34.504Z.