---
title: "Karnika Industries Ltd (KARNIKA) — Share Price, Financials & Analysis"
symbol: "KARNIKA"
company: "Karnika Industries Ltd"
canonical: "https://tapetide.com/stocks/KARNIKA"
isin: "INE0MGA01012"
nse_symbol: "KARNIKA"
sector: "Textiles"
industry: "Textiles & Apparels"
market_cap_cr: 728.47
generated_at: "2026-09-13T20:00:51.877Z"
---

# Karnika Industries Ltd (KARNIKA)

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

## Company

- **NSE Symbol:** KARNIKA
- **ISIN:** INE0MGA01012
- **Sector:** Textiles
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2023-10-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** karnikaindustries.com

## About

Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]

## Latest Price

- **Price:** ₹119.25
- **Change:** -1.25 (-1.04%)
- **Open:** ₹118
- **Day High:** ₹122.65
- **Day Low:** ₹117.5
- **Previous Close:** ₹120.5
- **Volume:** 34000
- **As Of:** 2026-09-11T09:54:21+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:50.583269Z.

- **Market Cap:** ₹728.47 Cr
- **Classification:** SME
- **P/E (reported):** 26.3
- **Book Value:** ₹15.55
- **Price to Book:** 7.75
- **Dividend Yield:** 0.08%
- **ROE:** 25.39%
- **ROCE:** 39.49%
- **Debt to Equity:** 0.79
- **Revenue (yearly):** ₹224.28 Cr
- **Net Income:** ₹26.53 Cr
- **EBITDA:** ₹34.93 Cr
- **52-Week High:** ₹199
- **52-Week Low:** ₹90.25
- **RSI (14):** 57.59

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 89%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 60.21 | 9.89% |
| momentum | 44.82 | 13.19% |
| ownership | 50 | 26.37% |
| quality | 60.11 | 24.18% |
| valuation | 31.13 | 26.37% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 7.67 times its book value

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 168.66% | 138.66% | 173.93% |
| ebitda margin growth | -2.7% | -11.2% | 0% | 52.49% |
| net income growth | -2.15% | 47.39% | 162.67% | 489.56% |
| revenue growth | -4.31% | 27.21% | 20.4% | 17.79% |
| roce | — | 17.85% | -56.04% | 52.65% |
| roe | — | 33.42% | 30.02% | 17.66% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- |
| Sales | 73.69 | 71.74 | 73.77 |
| Expenses | 63.55 | 64.05 | 61.05 |
| Operating Profit | 10.14 | 7.69 | 12.72 |
| OPM % | 13.76 | 10.72 | 17.24 |
| Other Income | 0.51 | 7.15 | 1.71 |
| Interest | 1.37 | 1.3 | 1.4 |
| Depreciation | 0.43 | 0.41 | 0.25 |
| Profit before tax | 8.85 | 13.13 | 12.78 |
| Tax % | 25.31 | 29.02 | 28.48 |
| Net Profit | 6.61 | 9.32 | 9.14 |
| EPS in Rs | 1.05 | 1.45 | 1.45 |

### Profit & Loss

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

| Item | Mar 2026 |
| --- | --- |
| Sales | 248 |
| Expenses | 211 |
| Operating Profit | 37 |
| OPM % | 15 |
| Other Income | 9 |
| Interest | 5 |
| Depreciation | 2 |
| Profit before tax | 39 |
| Tax % | 27 |
| Net Profit | 28 |
| EPS in Rs | 4.51 |
| Dividend Payout % | 2 |

### Balance Sheet

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

| Item | Mar 2026 |
| --- | --- |
| Equity Capital | 62 |
| Reserves | 34 |
| Borrowings | 76 |
| Other Liabilities | 43 |
| Total Liabilities | 215 |
| Fixed Assets | 6 |
| CWIP | 1 |
| Investments | 20 |
| Other Assets | 188 |
| Total Assets | 215 |

### Cash Flow

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

| Item | Mar 2026 |
| --- | --- |
| Cash from Operating Activity | 16 |
| Cash from Investing Activity | -22 |
| Cash from Financing Activity | 5 |
| Net Cash Flow | 0 |
| Free Cash Flow | 16 |
| CFO/OP | 72 |

### Ratios

| Item | Mar 2026 |
| --- | --- |
| Debtor Days | 129 |
| Inventory Days | 128 |
| Days Payable | 75 |
| Cash Conversion Cycle | 182 |
| Working Capital Days | 102 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 12.97% | 12.78% | 13.14% | 13.71% | 13.59% | 13.34% | 13.33% |
| Others | 13.64% | 13.83% | 13.47% | 12.9% | 13.02% | 13.27% | 13.28% |
| No. of Shareholders | 307 | 535 | 516 | 921 | 976 | 995 | 968 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 7 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 118.27 | Buy |
| EMA (10) | 118.65 | Buy |
| SMA (20) | 116.26 | Buy |
| EMA (20) | 117.57 | Buy |
| SMA (50) | 116.01 | Buy |
| EMA (50) | 118.27 | Buy |
| SMA (100) | 123.89 | Sell |
| EMA (100) | 121.04 | Sell |
| SMA (200) | 123.43 | Sell |
| EMA (200) | 124.09 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.39 | Neutral |
| MACD (12,26,9) | 0.91 | Buy |
| Stochastic (14,3,3) | 72.07 | Neutral |
| ADX (14) | 21.58 | Neutral |
| Williams %R (14) | -36.54 | Neutral |
| ATR (14) | 4.41 | High Volatility |
| ROC (12) | 6.14 | Buy |
| Stoch RSI (14) | 66.49 | Neutral |
| UO (7,14,28) | 46.16 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/KARNIKA_09042026144048_REG_74_March26.pdf) |
| 8 Sep - Board approved AGM notice, expanded main objects, and borrowing/loan powers up to Rs. 500 crore. | [Outcome of Board Meeting 8 Sep - Board approved AGM notice, expanded main objects, and borrowing/loan powers up to Rs. 500 crore.](https://nsearchives.nseindia.com/corporate/KARNIKA_08092026191856_OUTCOME_of_BM_REVISION-_08092026.pdf) |
| 8 Sep - Board approved AGM notice for 30 Sep 2026 and seek shareholder approval for 500 crore borrowing powers. | [Outcome of Board Meeting 8 Sep - Board approved AGM notice for 30 Sep 2026 and seek shareholder approval for 500 crore borrowing powers.](https://nsearchives.nseindia.com/corporate/KARNIKA_08092026181631_OUTCOME_OF_BM-08092026.pdf) |
| 8 Sep - AGM scheduled for 30 September 2026; annual report 2025-26 and e-voting details shared. | [Shareholders meeting 8 Sep - AGM scheduled for 30 September 2026; annual report 2025-26 and e-voting details shared.](https://nsearchives.nseindia.com/corporate/KARNIKA_08092026182356_NOTICE_OF_AGM_AND_ANNUAL_REPORT_FOR_2026.pdf) |
| 8 May 2026 - Corrigendum to EGM notice for 11 May 2026 published in newspapers and emailed to shareholders. | [Copy of Newspaper Publication 8 May 2026 - Corrigendum to EGM notice for 11 May 2026 published in newspapers and emailed to shareholders.](https://nsearchives.nseindia.com/corporate/KARNIKA_08052026141036_Newspaper_Publication_3_corri.pdf) |
| 7 Sep - Karnika Industries subscribed 26% in RDB Elementa Sports Academy for Rs 5.2 lakh on 7 Sept 2026. | [Acquisition 7 Sep - Karnika Industries subscribed 26% in RDB Elementa Sports Academy for Rs 5.2 lakh on 7 Sept 2026.](https://nsearchives.nseindia.com/corporate/KARNIKA_07092026173444_Karnika_acquistion-2026-RDB_Elementa.pdf) |
| 7 Jul - Submitted Regulation 74(5) compliance certificate for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 Jul - Submitted Regulation 74(5) compliance certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/KARNIKA_07072026185911_Reg74_Karnika_June26.pdf) |
| 6 May 2026 - Third corrigendum fixes valuation report and PCS certificate links for the May 11, 2026 EGM. | [Corrigendum 6 May 2026 - Third corrigendum fixes valuation report and PCS certificate links for the May 11, 2026 EGM.](https://nsearchives.nseindia.com/corporate/KARNIKA_06052026173621_Third_Corrigendum-final.pdf) |
| 6 May 2026 - Newspaper advertisement submitted for corrigendum to 11 May 2026 EGM notice. | [Copy of Newspaper Publication 6 May 2026 - Newspaper advertisement submitted for corrigendum to 11 May 2026 EGM notice.](https://nsearchives.nseindia.com/corporate/KARNIKA_06052026181748_CORRI_2.pdf) |
| 6 May 2026 - Newspaper advertisement filed for corrigendum to EGM notice scheduled on 11 May 2026. | [Corrigendum 6 May 2026 - Newspaper advertisement filed for corrigendum to EGM notice scheduled on 11 May 2026.](https://nsearchives.nseindia.com/corporate/KARNIKA_06052026181601_CORRI_2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/KARNIKA_19112025214620_CONCALL_TRANSCRIPT.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29077_KARNIKA_2024_2025_A_7764272_16092025113919.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25811_KARNIKA_2023_2024_05092024155459.pdf) |

---

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 2026-09-13T20:00:51.877Z.