Karnawati Innovation
Close ·
- P/E
- 18.50
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
5- Stock is trading at 21.5 times its book value
- The company has delivered a poor sales growth of -5.59% over past five years.
- Earnings include an other income of Rs.1.55 Cr.
- Company has high debtors of 283 days.
- Working capital days have increased from 141 days to 318 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 4 | 3 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 39.60
- Neutral
- MACD (12,26,9)
- −0.03
- Bearish
- SMA (50)
- 1.22
- Bearish
- SMA (200)
- 1.40
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2025; 1Y: fiscal year to Mar 2025 against Mar 2024; TTM: four quarters to Dec 2025 against Dec 2024.
Revenue
| 10Y | Zero base |
|---|---|
| 5Y | −5.59% |
| 3Y | −14.92% |
| 1Y | −76.92% |
| TTM | Tiny base |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | +95.74% |
| 1Y | −25.00% |
| TTM | Tiny base |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | Zero base |
| 3Y | 0.00% |
| 1Y | +300.00% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | No sales |
|---|---|
| 5Y | +31.19 pp |
| 3Y | +26.64 pp |
| 1Y | +22.25 pp |
| TTM | +4.02 pp |
Revenue by year
| Mar 2016 | ₹0.00 Cr |
|---|---|
| Mar 2017 | ₹0.00 Cr |
| Mar 2018 | ₹0.00 Cr |
| Mar 2019 | ₹0.06 Cr |
| Mar 2020 | ₹1.24 Cr |
| Mar 2021 | ₹0.98 Cr |
| Mar 2022 | ₹1.51 Cr |
| Mar 2023 | ₹4.03 Cr |
| Mar 2024 | ₹4.03 Cr |
| Mar 2025 | ₹0.93 Cr |
Net profit by year
| Mar 2016 | −₹0.14 Cr |
|---|---|
| Mar 2017 | −₹0.02 Cr |
| Mar 2018 | −₹0.10 Cr |
| Mar 2019 | −₹0.11 Cr |
| Mar 2020 | −₹0.04 Cr |
| Mar 2021 | −₹0.03 Cr |
| Mar 2022 | ₹0.02 Cr |
| Mar 2023 | ₹0.18 Cr |
| Mar 2024 | ₹0.20 Cr |
| Mar 2025 | ₹0.15 Cr |
Quarterly Results
₹ CrResults for the period ended Mar 2026 were due by 30 May 2026 and are not in this table yet.
| Particulars | Dec 2022 | 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 | 1.87 | 0.38 | 0.88 | 0.73 | 1.02 | 1.4 | 0.47 | 0 | 0 | 0 | 0 | 20 | 71.47 |
| Expenses | 1.72 | 0.39 | 0.84 | 0.68 | 0.94 | 1.34 | 0.46 | 0.07 | 0.01 | 0.13 | 0.14 | 18.39 | 69.62 |
| Operating Profit | 0.15 | −0.01 | 0.04 | 0.05 | 0.08 | 0.06 | 0.01 | −0.07 | −0.01 | −0.13 | −0.14 | 1.61 | 1.85 |
| OPM % | 8.02% | −2.63% | 4.55% | 6.85% | 7.84% | 4.29% | 2.13% | — | — | — | — | 8.05% | 2.59% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.09 | 0 | 0.37 | 1.18 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.88 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 |
| PBT | 0.15 | −0.01 | 0.04 | 0.05 | 0.08 | 0.03 | 0.01 | 0.02 | −0.01 | 0.21 | 0.16 | 1.61 | 1.85 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 42.86% | 0% | 0% | 0% |
| Net Profit | 0.15 | −0.01 | 0.04 | 0.05 | 0.08 | 0.04 | 0.01 | 0.02 | −0.01 | 0.13 | 0.16 | 1.61 | 1.85 |
| EPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.03 |
Profit & Loss
₹ Cr| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0.06 | 1.24 | 0.98 | 1.51 | 4.03 | 4.03 | 0.93 | 91.47 |
| Expenses | 0.06 | 0.06 | 0.11 | 0.08 | 0.1 | 0.17 | 1.28 | 1.01 | 1.49 | 3.85 | 3.8 | 0.67 | 88.28 |
| Operating Profit | −0.06 | −0.06 | −0.11 | −0.08 | −0.1 | −0.11 | −0.04 | −0.03 | 0.02 | 0.18 | 0.23 | 0.26 | 3.19 |
| OPM % | — | — | — | — | — | −183.33% | −3.23% | −3.06% | 1.32% | 4.47% | 5.71% | 27.96% | 3.49% |
| Other Income | 0 | 0 | 0 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.55 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.88 |
| Depreciation | 0.03 | 0.03 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.03 | 0.03 |
| PBT | −0.09 | −0.09 | −0.14 | −0.02 | −0.1 | −0.11 | −0.04 | −0.03 | 0.02 | 0.18 | 0.2 | 0.23 | 3.83 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 39.13% | — |
| Net Profit | −0.09 | −0.09 | −0.14 | −0.02 | −0.1 | −0.11 | −0.04 | −0.03 | 0.02 | 0.18 | 0.2 | 0.15 | 3.75 |
| EPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.26 | 5.26 | 5.26 | 5.26 | 5.26 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| Reserves | −4.23 | −4.32 | −4.46 | −4.48 | −4.58 | −4.68 | −4.73 | −4.76 | −4.74 | −4.57 | −4.36 | −4.22 | −2.44 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Other Liabilities | −0.01 | 0 | 0 | 0 | 0.01 | 0.03 | 0.37 | 0.25 | 0.51 | 0.56 | 2.52 | 0.55 | 17.74 |
| Total Liabilities | 1.02 | 0.94 | 0.8 | 0.78 | 0.69 | 0.75 | 1.04 | 0.89 | 1.17 | 1.39 | 3.56 | 1.73 | 20.71 |
| Fixed Assets | 0.42 | 0.39 | 0.37 | 0 | 0 | 0 | 0 | 0 | 0 | 0.27 | 0.25 | 0.23 | 0.23 |
| CWIP | 0 | 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 | 20.09 |
| Other Assets | 0.6 | 0.55 | 0.43 | 0.78 | 0.69 | 0.75 | 1.04 | 0.89 | 1.17 | 1.12 | 3.31 | 1.5 | 0.39 |
| Total Assets | 1.02 | 0.94 | 0.8 | 0.78 | 0.69 | 0.75 | 1.04 | 0.89 | 1.17 | 1.39 | 3.56 | 1.73 | 20.71 |
Cash Flow
₹ Cr| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | −0.06 | −0.11 | −0.02 | −0.09 | −0.1 | 0 | −0.09 | 0.04 | −0.31 | 0.01 | 0.04 |
| Investing | 0 | 0 | 0.09 | 0.03 | 0.09 | 0.08 | 0 | 0 | 0 | −0.28 | 0 | −0.01 |
| Financing | 0 | 0.08 | 0 | 0 | 0 | 0.15 | 0 | 0 | 0.22 | 0.38 | 0 | 0 |
| Net Cash Flow | 0 | 0.02 | −0.02 | 0 | 0 | 0.13 | 0 | −0.09 | 0.26 | −0.21 | 0.01 | 0.03 |
| Free Cash Flow | 0 | −0.06 | −0.11 | 0.35 | −0.09 | −0.1 | 0 | −0.09 | 0.04 | −0.59 | 0.01 | 0.03 |
| CFO/OP | 0 | 100 | 100 | 25 | 90 | 91 | 0 | 300 | 200 | −172 | 4 | 50 |
Ratios
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | — | — | — | — | 122 | 88.31 | 89.39 | 114 | 86.04 | 249 | 283 |
| Inventory Days | — | — | — | — | — | 0 | 0 | 0 | 0 | 4.93 | 38.89 | 0 |
| Days Payable | — | — | — | — | — | — | — | — | — | 53.27 | 237 | — |
| Cash Conversion Cycle | — | — | — | — | — | 122 | 88.31 | 89.39 | 114 | 37.7 | 50.61 | 283 |
| Working Capital Days | — | — | — | — | — | 3,528 | −17.66 | 0 | −7.25 | 42.57 | 61.59 | 318 |
| ROCE % | −8.41% | −9.14% | −16.09% | −2.53% | −13.7% | −15.71% | −5.76% | −4.58% | 3.08% | 24.16% | 21.39% | 20.72% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Karnawati Innovation insights
54 extracted metrics across FY10–FY26.
Documents
Frequently Asked Questions about Karnawati Innovation
What does Karnawati Innovation Limited do?
Where is Karnawati Innovation Limited (KARNAWATI) listed?
Which sector does Karnawati Innovation Limited belong to?
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What is the 52-week high and low of Karnawati Innovation Limited?
Company Information
Incorporated in 1986, Karnawati Innovation Ltd manufactures and deals in plastic water bottles.
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