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Karnawati Innovation Overview

Karnawati Innovation Ltd. is an Indian publicly listed company incorporated on 24 June 2004 and headquartered in Ahmedabad, Gujarat. The company operates primarily in the technology and innovation sector, focusing on software development, IT consulting, digital solutions and related technology services. Its business model includes providing customized software products, enterprise solutions, mobile and web applications, and IT-enabled services for clients across various industries. Karnawati Innovation aims to leverage technology to drive e...Read More

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Karnawati Innovation Key Financials

Market Cap ₹9 Cr.

Stock P/E 59.7

P/B 1.8

Current Price ₹1.6

Book Value ₹ 0.9

Face Value 1

52W High ₹2.8

Dividend Yield 0%

52W Low ₹ 0.8

Karnawati Innovation Share Price

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Volume
Price

Karnawati Innovation Quarterly Price

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Karnawati Innovation Peer Comparison

Karnawati Innovation Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1 1 1 0 0 0 0 0 20 71
Other Income 0 0 0 0 0 0 0 1 0 0
Total Income 1 1 1 0 0 0 0 1 20 71
Total Expenditure 1 1 1 0 0 0 0 0 18 70
Operating Profit 0 0 0 0 0 -0 0 1 2 2
Interest 0 0 0 0 0 0 0 1 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 -0 0 0 2 2
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 0 0 -0 0 0 2 2
Adjustments 0 0 0 0 0 0 0 -0 0 -0
Profit After Adjustments 0 0 0 0 0 -0 0 0 2 2
Adjusted Earnings Per Share 0 0 0 0 0 -0 0 0 0.3 0.3

Karnawati Innovation Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 0 0 0 1 1 2 4 4 1 91
Other Income 0 0 0 0 0 0 0 0 0 0 0 1
Total Income 0 0 0 0 0 1 1 2 4 4 1 92
Total Expenditure 0 0 0 0 0 1 1 1 4 4 1 88
Operating Profit -0 -0 -0 -0 -0 -0 -0 0 0 0 0 5
Interest 0 0 0 0 0 0 0 0 0 0 0 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 -0 -0 -0 -0 -0 0 0 0 0 4
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -0 -0 -0 -0 -0 -0 0 0 0 0 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 -0 -0 -0 -0 -0 -0 0 0 0 0 4
Adjusted Earnings Per Share -0 -0 -0 -0 -0 -0 -0 0 0 0 0 0.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -75% -21% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 24% 4% 49% 25%
ROE Average 13% 19% 11% -1%
ROCE Average 21% 22% 13% 0%

Karnawati Innovation Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 1 1 1 1 1 1 1 1 1 1
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 0 0 0 0 0 0 0 1 1 3 1
Total Liabilities 1 1 1 1 1 1 1 1 1 4 2
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 1 1 0 0 0 0
Total Current Assets 0 0 0 1 1 0 0 1 1 3 1
Total Assets 1 1 1 1 1 1 1 1 1 4 2

Karnawati Innovation Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -0 -0 -0 -0 -0 0 -0 0 -0 0 0
Cash Flow from Investing Activities 0 0 0 0 0 0 0 0 -0 0 -0
Cash Flow from Financing Activities 0 0 0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow 0 -0 0 -0 0 0 -0 0 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Karnawati Innovation Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.02 -0.03 -0 -0.02 -0.02 -0.01 -0.01 0 0.03 0.04 0.03
CEPS(Rs) -0 -0.02 -0 -0.02 -0.02 -0.01 -0.01 0 0.03 0.04 0.03
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0.18 0.15 0.15 0.13 0.13 0.13 0.12 0.12 0.15 0.19 0.22
Core EBITDA Margin(%) 0 0 0 0 -166.53 -3.47 -3.16 1.03 4.37 5.69 27.92
EBIT Margin(%) 0 0 0 0 -166.53 -3.47 -3.16 1.07 4.38 5.06 24.94
Pre Tax Margin(%) 0 0 0 0 -166.53 -3.47 -3.16 1.04 4.37 5.05 24.93
PAT Margin (%) 0 0 0 0 -166.53 -3.47 -3.16 1.04 4.37 5.05 15.78
Cash Profit Margin (%) 0 0 0 0 -166.53 -3.47 -3.16 1.04 4.39 5.7 18.76
ROA(%) -8.83 -15.71 -3.05 -13.38 -14.87 -4.82 -3.18 1.52 13.78 8.24 5.55
ROE(%) -8.83 -15.71 -3.05 -13.44 -15.29 -6.19 -4.67 2.41 23.55 21.72 13.16
ROCE(%) -8.83 -15.71 -3.05 -13.44 -15.29 -6.19 -4.67 2.48 23.6 21.73 20.81
Receivable days 0 0 0 0 115.03 47.63 101.89 85.95 64.31 167.55 682.92
Inventory Days 0 0 0 0 0 0 0 0 4.27 19.97 0
Payable days 0 0 0 0 169.7 60.88 120.94 96.19 50.47 145.87 1008.44
PER(x) 0 0 0 0 0 0 0 0 37.12 53.32 53.51
Price/Book(x) 1.29 1.84 1.63 0 0 0 0 0 7.81 10.44 6.6
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0 0 82.17 4.24 5.49 3.37 1.6 2.67 8.29
EV/Core EBITDA(x) -19.61 -13.34 -52.26 -53.75 -49.35 -122.06 -173.86 314.68 36.31 46.78 29.68
Net Sales Growth(%) 0 0 0 0 0 1836.88 -21.45 55.31 166.38 -0.08 -76.97
EBIT Growth(%) 1.41 -57.68 82.4 -307.23 -9.33 59.59 28.59 152.6 990.74 15.37 13.62
PAT Growth(%) 1.41 -57.68 82.4 -307.23 -9.33 59.59 28.59 150.97 1022.93 15.59 -28.09
EPS Growth(%) 1.57 -57.68 82.4 -307.69 -6.22 59.6 28.6 150.88 1024.14 15.64 -28.12
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 0 0 0 98.07 23.07 1.22 1.19 1.56 2.02 1.31 2.79
Quick Ratio(x) 0 0 0 98.07 23.07 1.22 1.19 1.56 1.94 1.16 2.79
Interest Cover(x) 0 0 0 0 0 0 0 32.4 441.75 2574.07 2482.64
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Karnawati Innovation Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 0.04 0.04 0.04 0 0 0 0 0 0 0
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 99.96 99.96 99.96 100 100 100 100 100 100 100
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Karnawati Innovation News

Karnawati Innovation Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Debtor days have increased from 145.87 to 1008.44days.
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