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Karnavati Finance

538928 BSE
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Karnavati Finance (KARNAVATI) share price was ₹1.24 at the 28 Oct 2026 close; market capitalisation ₹12.49 Cr; P/E (TTM) 17.71; sector Financial Services. The share price fell 23.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹1.86 Cr, against ₹0.22 Cr a year earlier and net profit was ₹6.25 Cr, against −₹0.37 Cr a year earlier (compared with Jun 2025). Promoters held 62.56% of Karnavati Finance in Sep 2026, up 0.50 percentage points from Jun 2026. Its Tapetide Score is 42/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹1.24 −0.39 −23.93% 1Y

Key Fundamentals

MicrocapFinanceFinancial Services
Market Cap
₹12.49 Cr
P/E (TTM)
17.71
EBITDA
−₹1.90 Cr
Return on Equity
-136.39%
Debt to Equity
4.88
Book Value
₹0.43
EPS (TTM)
₹0.07
52W High
₹1.80
52W Low
₹1.08

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Bajaj Finance
₹926.1026.585,76,586 Cr4.680.66%16.53%10.71%89,874 Cr22,067 Cr
Shriram Finance
₹835.4514.791,96,585 Cr1.760.79%15.18%11.00%51,245 Cr11,318 Cr
Cholamandalam Investment
₹1,563.1023.051,33,537 Cr3.870.14%17.17%9.46%33,147 Cr5,751 Cr
Tata Capital
₹312.6024.291,32,695 Cr2.710.19%10.38%8.56%34,329 Cr5,478 Cr
Muthoot Finance
₹2,449.208.6598,328 Cr2.421.25%26.67%15.43%33,526 Cr11,457 Cr
L&T Finance
₹250.5019.7162,784 Cr2.151.14%10.64%10.11%20,742 Cr3,198 Cr
SBI Cards
₹535.5522.4150,965 Cr2.970.47%13.78%18.31%21,048 Cr2,275 Cr
Karnavati Finance (this company)
—17.7112 Cr2.880.00%-136.39%-2.91%13 Cr1 Cr
Median 8 companies₹835.4521.061,15,511 Cr2.800.57%14.48%10.41%33,337 Cr5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

42 Weak
Overall score

Data confidence 94/100

Category scores

Quality Poor 13
Returns, margins, earnings quality 22% weight
Valuation Poor 32
Cheap vs sector & own history 24% weight
Growth Strong 99
Sales & profit trajectory 9% weight
Financial Health Poor 34
Solvency, leverage, coverage 9% weight
Momentum Weak 41
Trend strength, vol-adjusted 12% weight
Ownership Average 54
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Weaknesses

4
  • Stock is trading at 3.25 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -29.8% over last 3 years.
  • Earnings include an other income of Rs.5.83 Cr.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bearish

Bearish
12
Neutral
7
Bullish
0

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
231% higher than 3Y

change over 1 year

Net Income Growth
247% level than 3Y

change over 1 year

Cash Flow Change
-918%

change over 1 year

EBITDA Margin Change
5.32%

change over 1 year

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
0.57
1.19
0.39
0.89
0.63
0.28
0.41
0.26
0.22
0.59
2.28
2.6
1.86
Expenses
0.61
0.08
1.78
0.58
0.12
0.9
0.2
0.88
0.34
0.44
0.05
6.74
0.07
Financing Profit
-0.36
0.67
-1.8
-0.09
0.17
-0.9
-0.06
-0.88
-0.37
-0.43
0.7
-5.65
0.42
Fin. Margin %
-63.16%
56.3%
-461.54%
-10.11%
26.98%
-321.43%
-14.63%
-338.46%
-168.18%
-72.88%
30.7%
-217.31%
22.58%
Other Income
0
0
0
0
0
0
0
0
0
0
0
0
5.83
Interest
0.32
0.44
0.41
0.4
0.34
0.28
0.27
0.26
0.25
0.58
1.53
1.51
1.37
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
-0.36
0.67
-1.8
-0.09
0.17
-0.9
-0.06
-0.88
-0.37
-0.43
0.7
-5.65
6.25
Tax %
0%
11.94%
-4.44%
100%
23.53%
-4.44%
0%
0%
0%
0%
0%
2.48%
0%
Net Profit
-0.36
0.59
-1.72
-0.18
0.12
-0.86
-0.06
-0.88
-0.37
-0.43
0.7
-5.79
6.25
EPS (₹)
-0.04
0.06
-0.17
-0.02
0.01
-0.09
-0.01
-0.09
-0.04
-0.04
0.07
-0.58
0.62
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
0.48
0.44
0.95
2.02
3.24
2.76
1.22
2.4
2.85
3.04
1.57
5.31
7.33
Expenses
0.81
0.17
0.24
0.56
0.66
2.35
0.95
2.04
1.76
3.02
2.08
7.19
7.3
Financing Profit
-0.33
0.27
0.7
0.78
1
0.15
0.22
0.33
0.75
-1.57
-1.68
-5.75
-4.96
Fin. Margin %
-68.75%
61.36%
73.68%
38.61%
30.86%
5.43%
18.03%
13.75%
26.32%
-51.64%
-107.01%
-108.29%
-67.67%
Other Income
0
0.18
0.28
0.07
0
0
0
0.08
0
0
0
0
5.83
Interest
0
0
0.01
0.68
1.58
0.26
0.05
0.03
0.34
1.59
1.17
3.87
4.99
Depreciation
0.02
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0
0
0
0
PBT
-0.35
0.43
0.96
0.83
0.99
0.14
0.21
0.4
0.74
-1.57
-1.68
-5.75
0.87
Tax %
8.57%
16.28%
22.92%
25.3%
27.27%
21.43%
42.86%
25%
25.68%
5.73%
0%
2.61%
—
Net Profit
-0.38
0.37
0.75
0.62
0.72
0.11
0.12
0.3
0.56
-1.67
-1.68
-5.9
0.73
EPS (₹)
-0.05
0.04
0.09
0.06
0.07
0.01
0.01
0.03
0.06
-0.17
-0.17
-0.59
0.07
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8.36
8.36
8.36
10.05
10.05
10.05
10.05
10.05
10.05
10.05
10.05
10.05
Reserves
-1.05
-0.68
0.07
1.71
2.43
2.54
2.66
2.96
3.53
1.86
0.18
-5.72
Borrowing
0.27
0.02
0
14.52
16.03
11.3
5.44
1.21
12.72
15.55
11.09
59.9
Other Liabilities
0.29
0.31
0.42
0.67
0.81
0.53
0.77
0.25
1.05
1.27
0.29
1.03
Total Liabilities
7.87
8.01
8.85
26.95
29.32
24.42
18.92
14.47
27.35
28.73
21.61
65.26
Fixed Assets
0.11
0.1
0.08
0.06
0.05
0.04
0.03
0.02
0.01
0.01
0.01
0
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
7.76
7.91
8.77
26.89
29.27
24.38
18.89
14.45
27.34
28.72
21.6
65.26
Total Assets
7.87
8.01
8.85
26.95
29.32
24.42
18.92
14.47
27.35
28.73
21.61
65.26
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-4.65
-0.07
0.35
-16.56
0.08
4.86
5.71
4.25
-9.44
-2.79
5.48
-44.84
Investing
0
0
0
0
0
0
0
0
0
0
0
0
Financing
4.82
-0.25
-0.03
16.55
-0.08
-5
-5.91
-4.25
11.03
1.25
-5.6
44.93
Net Cash Flow
0.17
-0.32
0.32
-0.01
0.01
-0.14
-0.2
0
1.58
-1.55
-0.12
0.09
Free Cash Flow
-4.65
-0.07
0.35
-16.56
0.08
4.86
5.71
4.25
-9.44
-2.79
5.48
-44.84
CFO/OP
1,403
-19
65
-1,121
12
1,207
2,133
1,181
-857
-13,100
-1,075
2,377
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
-7.29%
4.94%
9.31%
6.14%
5.94%
0.88%
0.95%
2.33%
4.21%
-13.1%
-15.18%
-81.04%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Karnavati Finance insights

55 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

Promot.62.56%Others8.14%Public29.30%As ofSep 2026

Documents

Frequently Asked Questions about Karnavati Finance

What does Karnavati Finance Ltd do?
Incorporated in 1984, Karnavati Finance Ltd provides finance of personal loan, business loan, auto loan, education loan and mortgage loans[1]
Where is Karnavati Finance Ltd (KARNAVATI) listed?
Karnavati Finance Ltd trades under code 538928 on the BSE.
Which sector does Karnavati Finance Ltd belong to?
Karnavati Finance Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the market capitalisation of Karnavati Finance Ltd?
Karnavati Finance Ltd has a market capitalisation of ₹12.49 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Karnavati Finance Ltd?
Karnavati Finance Ltd trades at a PE ratio of 17.71 as of 28 Oct 2026, on earnings per share of ₹0.07, against a book value of ₹0.43 per share.
What is the 52-week high and low of Karnavati Finance Ltd?
Over the last 52 weeks Karnavati Finance Ltd has traded between ₹1.08 and ₹1.8 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Karnavati Finance Ltd?
Karnavati Finance Ltd reported a return on equity of -136.39%. Its debt-to-equity ratio is 4.88.

Company Information

Incorporated in 1984, Karnavati Finance Ltd provides finance of personal loan, business loan, auto loan, education loan and mortgage loans[1]

Website karnavatifinancelimited.in
Listed 2015-02-05
Face Value ₹ 1
Shares Outstanding 10,07,51,880

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