---
title: "Karnavati Alfa International Ltd (526451) — Share Price, Financials & Analysis"
symbol: "526451"
company: "Karnavati Alfa International Ltd"
canonical: "https://tapetide.com/stocks/526451"
isin: "INE901D01015"
bse_code: "526451"
generated_at: "2026-10-13T11:53:10.961Z"
---

# Karnavati Alfa International Ltd (526451)

Canonical page: https://tapetide.com/stocks/526451

## Company

- **BSE Code:** 526451
- **ISIN:** INE901D01015
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Debtor days have increased from 68.1 to 117 days.
- Working capital days have increased from 85.0 days to 152 days

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 26% |
| revenue growth | -84% |

## Financial Statements

### Quarterly Results

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

| Item | 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 | 42.15 | 46.65 | 70.54 | 75.2 | 90.98 | 82.69 | 108.02 | 77.3 | 71.04 | 72.97 | 72.09 | 87.08 |
| Expenses | 53.99 | 52.21 | 62.98 | 64.7 | 78.1 | 67.61 | 78.93 | 67.87 | 70.93 | 67.14 | 70.68 | 78.82 |
| Operating Profit | -11.84 | -5.56 | 7.56 | 10.5 | 12.88 | 15.08 | 29.09 | 9.43 | 0.11 | 5.83 | 1.41 | 8.26 |
| OPM % | -28.09 | -11.92 | 10.72 | 13.96 | 14.16 | 18.24 | 26.93 | 12.2 | 0.15 | 7.99 | 1.96 | 9.49 |
| Other Income | 8.3 | 9.13 | 7.52 | 8.19 | 8.44 | 6.43 | 6.78 | 6.58 | 5.81 | 4.78 | 4.99 | 4.74 |
| Interest | 1.34 | 0.83 | 1.12 | 1.29 | 1.66 | 1.78 | 1.65 | 1.84 | 1.68 | 2.44 | 2.8 | 3.43 |
| Depreciation | 2.44 | 1.98 | 2.08 | 2.68 | 3.06 | 2.62 | 2.79 | 2.94 | 3.29 | 2.91 | 3.28 | 3.55 |
| Profit before tax | -7.32 | 0.76 | 11.88 | 14.72 | 16.6 | 17.11 | 31.43 | 11.23 | 0.95 | 5.26 | 0.32 | 6.02 |
| Tax % | -27.46 | 119.74 | 18.94 | 16.51 | 37.35 | 18.47 | 17.88 | 22.26 | -786.32 | 8.75 | 6.25 | 28.07 |
| Net Profit | -5.37 | 0.34 | 9.27 | 12.26 | 10.56 | 13.87 | 25.91 | 8.57 | 8.49 | 4.78 | 0.46 | 4.3 |
| EPS in Rs | -2.18 | 0.14 | 3.76 | 4.97 | 4.28 | 5.61 | 10.43 | 3.43 | 3.35 | 1.88 | 0.18 | 1.66 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Sales | 69.83 | 11.17 |
| Expenses | 68.97 | 9.97 |
| Operating Profit | 0.86 | 1.2 |
| OPM % | 1.23 | 10.74 |
| Other Income | 0.29 | 0.26 |
| Interest | 0.22 | 0.3 |
| Depreciation | 0.35 | 0.37 |
| Profit before tax | 0.58 | 0.79 |
| Tax % | 1.72 | 10.13 |
| Net Profit | 0.57 | 0.71 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Equity Capital | 4.01 | 4.01 |
| Reserves | -0.67 | 0.04 |
| Borrowings | 2.01 | 2.7 |
| Other Liabilities | 1.84 | 2.31 |
| Total Liabilities | 7.19 | 9.06 |
| Fixed Assets | 1.69 | 1.88 |
| CWIP | 0 | 0 |
| Investments | 0.06 | 0.06 |
| Other Assets | 5.44 | 7.12 |
| Total Assets | 7.19 | 9.06 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Cash from Operating Activity | -0.76 | 0.06 |
| Cash from Investing Activity | -0.05 | -0.54 |
| Cash from Financing Activity | 0.79 | 0.39 |
| Net Cash Flow | -0.02 | -0.09 |
| Free Cash Flow | -0.81 | -0.49 |
| CFO/OP | -88 | 5 |

### Ratios

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Debtor Days | 18.97 | 117.31 |
| Inventory Days | 5.77 | 116.04 |
| Days Payable | 8.04 | 92.02 |
| Cash Conversion Cycle | 16.7 | 141.34 |
| Working Capital Days | 18.09 | 151.95 |
| ROCE % | — | 18.18 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.24% | 71.95% | 72.68% | 74.55% | 74.55% | 74.49% | 74.49% | 74.34% | 72.36% | 71.91% |
| FIIs | 0% | 0.06% | 0% | 0% | 0.11% | 0.83% | 0.76% | 1.17% | 0.82% | 0.8% |
| DIIs | 0% | 0.04% | 0% | 0% | 0% | 0% | 0% | 0.07% | 0.1% | 0.05% |
| Government | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.01% | 27.43% | 26.81% | 25.44% | 25.34% | 24.69% | 24.75% | 24.41% | 26.74% | 27.24% |
| Others | 1.75% | 0.51% | 0.51% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 6314 | 9855 | 9410 | 8779 | 9869 | 15350 | 14922 | 11766 | 11900 | 11470 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.49% | 74.49% | 74.49% | 74.49% | 74.34% | 74.27% | 73.89% | 73.36% | 72.36% | 72.03% | 71.68% | 71.91% |
| FIIs | 0.76% | 0.76% | 0.77% | 0.76% | 1.17% | 0.76% | 0.77% | 0.83% | 0.82% | 0.85% | 0.88% | 0.8% |
| DIIs | 0% | 0% | 0% | 0% | 0.07% | 0% | 0% | 0.1% | 0.1% | 0.01% | 0.03% | 0.05% |
| Public | 24.75% | 24.74% | 24.74% | 24.74% | 24.41% | 24.97% | 25.34% | 25.71% | 26.74% | 27.11% | 27.41% | 27.24% |
| No. of Shareholders | 14922 | 14753 | 13593 | 12961 | 11766 | 12354 | 11469 | 12132 | 11900 | 11436 | 12349 | 11470 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d1ae489-6862-4c86-8fcc-872e9fa19a72.pdf) |
| 2026-02-19 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3106179-2410-41cd-ba98-55e0e9b75d2b.pdf) |
| 2026-02-19 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f1b9661c-dae4-46a3-91b1-3fa4be9a5c5f.pdf) |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b4d1897-cac8-4af8-bc1d-ba037b003d82.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5244cd14-6551-4210-b9ad-f12335a2f401.pdf) |
| 2026-01-30 | [Intimation Of Trading Approval Received For 2,78,300 (Two Lakhs Seventy-Eight Thousand Three Hundred) Equity Shares Having Face Value Of Rs. 10/- (Rupees Ten Only) Each Allotted At The Price Of Rs. 239.50/- (Rupees Two Hundred Thirty-Nine And Fifty Paisa Only) (Including A Premium Of Rs. 229.50/- (Rupees Two Hundred Twenty-Nine And Fifty Paisa Only)) Per Equity Share On Conversion Of Warrants Issued On Preferential Basis In Terms Of Chapter V Of SEBI (ICDR) Regulations, 2018.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb229811-ae76-48b7-aa7a-0dd5d8e66f4d.pdf) |
| 2026-01-28 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe09ae48-e3cb-4843-980f-5ecd0b136f45.pdf) |
| 2026-01-27 | [Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015-Amemndment In 'Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information'](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf230e20-e051-4c75-befb-3d7cbac15005.pdf) |
| 2026-01-27 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e813a8ea-d567-460f-a5c7-bae49a47d73b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5e4d970-c5b8-4e8e-b483-03078b7132fc.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ebddcc7-cd73-4658-89e8-dc132e23c162.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09191ade-a221-4d3f-b720-6eae145a7759.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532737/73725532737.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/532737/68902532737.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/532737/5327370320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532737/5327370319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532737/5327370318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532737/5327370317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532737/5327370316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b4d1897-cac8-4af8-bc1d-ba037b003d82.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ec7099b-6ae6-423c-9bd8-5f23e23e03fd.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d354892-c2b8-4c69-87fb-b19a07470069.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a819af5-f68f-480f-a359-43174f64f080.pdf) |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc68e70d-292e-45ac-ab66-3eab33df8213.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/71084a11-7000-4ac5-b411-ff582262bb6b.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03fe4565-3fde-4cc9-884f-98e80989f7d8.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77ce440e-ad48-428f-a1aa-60f06210a6ea.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fedfb64b-3cb4-4454-a3c5-096255fd8202.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e290f4a-508b-4fc2-a59a-8c87cbaebc19.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-08-07 | Credit rating update — ICRA |
| 2025-07-25 | Credit rating update — ICRA |
| 2024-10-22 | Credit rating update — ICRA |
| 2024-04-17 | Credit rating update — ICRA |
| 2023-04-06 | Credit rating update — ICRA |
| 2022-04-06 | Credit rating update — ICRA |

---

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 2026-10-13T11:53:10.961Z.