Karnimata Cold Storage
Karnimata Cold Storage
Commercial ServicesKey Fundamentals
SMEDiversified ServicesCommercial ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.64 times its book value
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.58% over past five years.
- Promoter holding is low: 21.1%
- Company has a low return on equity of 7.71% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.13 | 2.36 | 1.82 | 2.2 | 1.9 | 2.2 | 2.31 | 2.75 | 1.43 | 2.8 | 1.66 | 2.38 | 2.14 |
| Expenses | 1.62 | 1.47 | 1.3 | 1.46 | 1.42 | 1.4 | 1.53 | 1.31 | 1.52 | 1.44 | 1.81 | 1.57 | 1.44 |
| Operating Profit | 0.51 | 0.89 | 0.52 | 0.74 | 0.48 | 0.8 | 0.78 | 1.44 | -0.09 | 1.36 | -0.15 | 0.81 | 0.7 |
| OPM % | 23.94% | 37.71% | 28.57% | 33.64% | 25.26% | 36.36% | 33.77% | 52.36% | -6.29% | 48.57% | -9.04% | 34.03% | 32.71% |
| Other Income | 0.18 | 0.18 | 0.09 | 0.21 | 0.26 | 0.21 | 0.07 | 0.21 | 0.49 | 0.17 | 0.64 | 0.21 | 0.16 |
| Interest | 0.56 | 0.5 | 0.42 | 0.39 | 0.29 | 0.51 | 0.17 | 0.49 | 0.35 | 0.43 | 0.16 | 0.29 | 0.15 |
| Depreciation | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.24 | 0.25 | 0.24 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 |
| PBT | -0.1 | 0.34 | -0.04 | 0.33 | 0.21 | 0.26 | 0.43 | 0.92 | -0.18 | 0.86 | 0.09 | 0.49 | 0.47 |
| Tax % | 40% | 0% | 200% | 0% | 14.29% | 3.85% | 51.16% | -7.61% | 111.11% | 1.16% | 155.56% | 0% | 34.04% |
| Net Profit | -0.14 | 0.34 | -0.12 | 0.33 | 0.18 | 0.25 | 0.21 | 0.99 | -0.38 | 0.85 | -0.05 | 0.49 | 0.31 |
| EPS in Rs | -0.28 | 0.67 | -0.24 | 0.65 | 0.35 | 0.49 | 0.41 | 1.95 | -0.75 | 1.67 | -0.1 | 0.96 | 0.61 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.42 | 4.25 | 4.64 | 4.71 | 4.96 | 4.73 | 4.18 | 4.1 | 4.28 | 4.19 | 4.45 | 4.52 |
| Expenses | 3.62 | 2.77 | 2.95 | 3.17 | 3.3 | 3.29 | 2.8 | 2.86 | 2.9 | 2.85 | 3.24 | 3.01 |
| Operating Profit | 1.8 | 1.48 | 1.69 | 1.54 | 1.66 | 1.44 | 1.38 | 1.24 | 1.38 | 1.34 | 1.21 | 1.51 |
| OPM % | 33.21% | 34.82% | 36.42% | 32.7% | 33.47% | 30.44% | 33.01% | 30.24% | 32.24% | 31.98% | 27.19% | 33.41% |
| Other Income | 0.26 | 0.38 | 0.3 | 0.45 | 0.26 | 0.36 | 0.27 | 0.46 | 0.5 | 0.7 | 0.81 | 0.37 |
| Interest | 1.56 | 1.32 | 1.39 | 1.2 | 1.3 | 1.19 | 0.9 | 0.69 | 0.7 | 0.83 | 0.59 | 0.44 |
| Depreciation | 0.44 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 | 0.48 | 0.48 | 0.48 | 0.49 |
| PBT | 0.06 | 0.09 | 0.14 | 0.33 | 0.16 | 0.15 | 0.29 | 0.54 | 0.7 | 0.73 | 0.95 | 0.95 |
| Tax % | 0% | 0% | 0% | 0% | 25% | 26.67% | 27.59% | 5.56% | 32.86% | 16.44% | 15.79% | 16.84% |
| Net Profit | 0.06 | 0.08 | 0.14 | 0.33 | 0.12 | 0.11 | 0.22 | 0.51 | 0.46 | 0.61 | 0.79 | 0.79 |
| EPS in Rs | 0.12 | 0.16 | 0.28 | 0.65 | 0.24 | 0.22 | 0.43 | 1 | 0.9 | 1.2 | 1.55 | 1.55 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 |
| Reserves | 1.37 | 1.58 | 1.72 | 2.05 | 1.96 | 2.07 | 2.29 | 2.8 | 3.27 | 3.87 | 4.67 | 5.46 |
| Borrowings | 12.98 | 13.2 | 10.46 | 11.5 | 10.28 | 10.02 | 7.82 | 10.02 | 9.32 | 8.8 | 5.73 | 5.22 |
| Other Liabilities | 0.84 | 0.85 | 0.5 | 0.71 | 1.02 | 1.26 | 0.73 | 0.56 | 0.82 | 1.04 | 1.34 | 1.36 |
| Total Liabilities | 20.27 | 20.71 | 17.76 | 19.34 | 18.34 | 18.43 | 15.92 | 18.46 | 18.49 | 18.79 | 16.82 | 17.12 |
| Fixed Assets | 11.78 | 11.52 | 11.07 | 10.61 | 10.15 | 9.69 | 9.24 | 8.98 | 8.65 | 8.18 | 7.81 | 7.32 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.5 | 0.11 | 0.11 | 0.11 | 0 | 0.25 | 0.25 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 |
| Other Assets | 7.99 | 9.08 | 6.58 | 8.62 | 8.19 | 8.49 | 6.43 | 9.46 | 9.81 | 10.58 | 8.98 | 9.76 |
| Total Assets | 20.27 | 20.71 | 17.76 | 19.34 | 18.34 | 18.43 | 15.92 | 18.46 | 18.49 | 18.79 | 16.82 | 17.12 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.11 | 0.96 | 3.75 | 0.06 | 5.08 | -0.6 | 1.48 | 1.04 | -0.23 | 1.42 | 4.6 | 0.83 |
| Investing | -0.48 | 0.23 | 0.06 | 0.16 | 0.05 | 0.31 | 0.05 | -0.14 | -0.1 | 0.03 | -0.08 | 0.03 |
| Financing | 0.24 | -1.02 | -4.1 | -0.11 | -3.85 | -0.86 | -2.37 | 1.51 | -1.39 | -1.35 | -3.66 | -0.95 |
| Net Cash Flow | -0.13 | 0.17 | -0.29 | 0.1 | 1.29 | -1.16 | -0.84 | 2.41 | -1.72 | 0.1 | 0.86 | -0.09 |
| Free Cash Flow | 0.11 | 0.75 | 3.74 | 0.06 | 5.08 | -0.6 | 1.48 | 0.83 | -0.39 | 1.42 | 4.5 | 0.83 |
| CFO/OP | 7 | 67 | 222 | 2 | 308 | -40 | 108 | 91 | -8 | 109 | 393 | 66 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27.61 | 36.07 | 36.19 | 38.75 | 47.1 | 61.73 | 41.91 | 64.1 | 45.2 | 55.75 | 0 | 72.68 |
| Inventory Days | 18.38 | — | — | — | — | — | — | — | — | — | 12.59 | — |
| Days Payable | 0 | — | — | — | — | — | — | — | — | — | 0 | — |
| Cash Conversion Cycle | 45.99 | 36.07 | 36.19 | 38.75 | 47.1 | 61.73 | 41.91 | 64.1 | 45.2 | 55.75 | 12.59 | 72.68 |
| Working Capital Days | 12.12 | -21.47 | -42.48 | -68.2 | -295 | -221 | -186 | -184 | 41.79 | -155 | -116 | -5.65 |
| ROCE % | 8.76% | 7.08% | 8.24% | 8.53% | 8.12% | 7.77% | 7.35% | 7.43% | 7.65% | 8.81% | 9.15% | 8.9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
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Company Information
Incorporated in 2012, Karnimata Cold Storage Ltd provides a cold storage facility on a rental basis and loans to traders and farmers[1]
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