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Karnavati Finance

538928 BSE
₹1.35

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P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹1.35 −0.21 −13.5% 1Y
Start ₹1.56

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures at the close · EPS basis: Standalone · TTM

Debt to Equity
13.83
EPS (TTM)
₹0.07
Book Value
₹0.43
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
3.14
ROE
−81.00%
Dividend Yield
0.00%
52W High
₹1.80
52W Low
₹1.08
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Tapetide Score

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

Overall score

42 Weak

Data confidence 94/100

Category scores

Quality
13
Poor
Returns, margins, earnings quality 22% weight
Valuation
30
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
34
Poor
Solvency, leverage, coverage 9% weight
Momentum
56
Good
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
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

No strengths listed

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

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral676
OscillatorsNeutral171
Moving AveragesNeutral505

Key readings

RSI (14)
51.30
Neutral
MACD (12,26,9)
−0.01
Bearish
SMA (50)
1.35
Bearish
SMA (200)
1.36
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+28.28%
5Y+34.20%
3Y+23.05%
1Y+238.22%
TTM+526.50%

Net profit

Net profit growth by window
10YTurned to loss
5YTurned to loss
3YTurned to loss
1YLoss widened by ₹4.22 Cr
TTMTurned to profit

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹0.95 Cr
Mar 2018₹2.02 Cr
Mar 2019₹3.24 Cr
Mar 2020₹2.76 Cr
Mar 2021₹1.22 Cr
Mar 2022₹2.40 Cr
Mar 2023₹2.85 Cr
Mar 2024₹3.04 Cr
Mar 2025₹1.57 Cr
Mar 2026₹5.31 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.75 Cr
Mar 2018₹0.62 Cr
Mar 2019₹0.72 Cr
Mar 2020₹0.11 Cr
Mar 2021₹0.12 Cr
Mar 2022₹0.30 Cr
Mar 2023₹0.56 Cr
Mar 2024−₹1.67 Cr
Mar 2025−₹1.68 Cr
Mar 2026−₹5.90 Cr

Quarterly Results

₹ Cr
538928 quarterly results, ₹ crore
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

Profit & Loss

₹ Cr
538928 profit and loss, annual, ₹ crore
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%
—

Balance Sheet

₹ Cr
538928 balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
538928 cash flow, annual, ₹ crore
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

Ratios

538928 financial ratios, annual
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

38 extracted metrics across FY14–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 62.56%
  • Public 29.30%
  • Others 8.14%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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
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 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 4 Nov 2026.
What is the Return on Equity (ROE) of Karnavati Finance Ltd?
Karnavati Finance Ltd reported a return on equity of -81.00%. Its debt-to-equity ratio is 13.83.

Company Information

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

Website karnavatifinancelimited.in
Listed 5 Feb 2015
Face Value ₹1

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