Trading · Founded 1986 · www.bisilplast.com · BSE 531671 · · ISIN INE214D01021
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Business
Karnawati Innovation Ltd. operates in the trading sector in India. As a trading company, its core business model involves acting as an intermediary in the supply chain, sourcing various goods from producers or suppliers and selling them to customers (which could be retailers, other businesses, or sometimes end-users). The company makes money primarily through the margin it earns on these transactions, which is the difference between its purchase price and its selling price of goods. Without specific product details, it's inferred to be involved in buying and selling a range of commodities or manufactured products.
Revenue Mix
Specific business segments or a detailed revenue mix breakdown for Karnawati Innovation Ltd. are not publicly available from the provided information. Its revenue is derived predominantly from its trading operations across the goods it deals in.
Industry
The trading industry in India is generally fragmented and highly competitive, characterized by numerous small and large players. Companies can trade in a vast array of products, from agricultural commodities to industrial goods and consumer products. Without more specific information on the types of goods traded, geographical focus, or customer base, it is difficult to accurately determine Karnawati Innovation Ltd.'s precise positioning relative to its peers. Generally, success in this industry relies on efficient sourcing, strong distribution networks, competitive pricing, and effective risk management.
MOAT
Based solely on its classification as a "Trading" company, Karnawati Innovation Ltd. likely operates in an industry with generally low barriers to entry and often commoditized products. Pure trading businesses typically have limited durable competitive advantages unless they possess unique attributes such as:
Exclusive Sourcing/Distribution: Proprietary access to rare goods or exclusive distribution rights for high-demand products.
Scale & Efficiency: Significant scale allowing for superior purchasing power, efficient logistics, and lower operational costs.
Deep Relationships/Network: Long-standing, trusted relationships with suppliers and customers that are difficult to replicate.
Specialized Knowledge: Expertise in niche markets or complex international trade regulations.
Without further information, it is challenging to identify any significant, durable competitive advantage (moat) for Karnawati Innovation Ltd. It likely competes on price, efficiency, and service.
Growth Drivers
Key factors that could drive growth for Karnawati Innovation Ltd. over the next 3-5 years include:
Economic Growth in India: General improvement in India's economy can lead to increased demand for various goods, boosting trade volumes.
Expansion into New Products/Segments: Diversifying into new, higher-margin, or faster-growing product categories.
Geographical Expansion: Entering new domestic or international markets for sourcing or distribution.
Supply Chain Optimization: Improving efficiency in sourcing, logistics, and inventory management to enhance margins.
Technological Adoption: Leveraging technology for better market intelligence, faster transactions, and improved operational control.
Increased Trade Volumes: Overall growth in domestic and international trade activities.
Risks
Key business risks for Karnawati Innovation Ltd. include:
Commodity Price Volatility: Fluctuations in the prices of goods traded can significantly impact margins and inventory value.
Supply Chain Disruptions: Issues like geopolitical events, natural disasters, or logistical bottlenecks can affect sourcing and delivery.
Competition: Intense competition can lead to margin pressure and difficulty in gaining market share.
Credit Risk: Risk of default from customers or counterparties to whom goods are sold on credit.
Inventory Risk: Risk of holding unsold inventory due to changes in demand or quality issues.
Regulatory and Policy Changes: Changes in trade policies, tariffs, or import/export regulations can impact operations and profitability.
Currency Fluctuations: If involved in international trade, exposure to foreign exchange rate volatility.
Management & Ownership
Information regarding the promoters, management quality, and detailed ownership structure for Karnawati Innovation Ltd. is not available from the provided data.
Outlook
Karnawati Innovation Ltd. operates in the foundational trading sector within India's growing economy. The bull case would suggest that the company is well-positioned to capitalize on India's projected economic growth and increasing demand for goods, potentially expanding its product portfolio or market reach. Efficient execution in sourcing, logistics, and managing counterparty relationships could drive incremental profits. However, the bear case highlights the inherent challenges of the trading industry: it is highly competitive, often characterized by thin margins, and exposed to significant external factors like commodity price volatility and supply chain disruptions. Without unique differentiating factors or strong moats, sustained growth and profitability may rely heavily on operational efficiency and astute risk management in a fragmented market.
| #(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 |
| #(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 |
| # | 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 | -47% | 11% | 44% | 25% |
| ROE Average | 13% | 19% | 11% | -1% |
| ROCE Average | 21% | 22% | 13% | 0% |
| #(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 |
| #(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 |
| # | 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 |
| # | 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 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 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 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -75% | -21% | 0% | — |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | -47% | +11% | +44% | +25% |
| ROE Average | +13% | +19% | +11% | -1% |
| ROCE Average | +21% | +22% | +13% | 0% |
| # | 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 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 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 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
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