Past 10 year’s financial track record analysis by Moneyworks4me indicates that Karnika Industries Ltd is a below average quality company.
The key valuation ratios of Karnika Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Karnika Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'23 | TTM | ||
|---|---|---|---|
| ROCE % ⓘ | 16.7% | - | |
| Value Creation Index ⓘ | 0.2 | - | |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 125 | 125 | |
| Sales YoY Gr. | - | - | |
| Adj EPS ⓘ | 9 | 6.7 | |
| YoY Gr. | - | - | |
| BVPS (₹) ⓘ | 19.9 | 34.8 | |
| Adj Net Profit ⓘ | 8.1 | 8 | |
| Cash Flow from Ops. ⓘ | -10.7 | - | |
| Debt/CF from Ops. ⓘ | -4.9 | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | TTM | |
|---|---|---|
| Return on Equity % ⓘ | 45.1 | 24.4 |
| Op. Profit Mgn % ⓘ | 12.2 | NAN |
| Net Profit Mgn % ⓘ | 6.5 | 6.6 |
| Debt to Equity ⓘ | 2.9 | - |
| Working Cap Days ⓘ | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 24.40%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 2.90
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.7 | - |
| TTM Sales (₹ Cr.) | 125 | - |
| BVPS (₹.) ⓘ | 34.8 | - |
| Reserves (₹ Cr.) ⓘ | 31 | - |
| P/BV ⓘ | 8.83 | - |
| PE ⓘ | 46.10 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 381 |
| Equity (₹ Cr.) | 12.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.8 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'23 |
|---|---|
| Sales | 125 |
| Operating Expenses ⓘ | 109 |
| Manufacturing Costs | 1 |
| Material Costs | 96 |
| Employee Cost | 3 |
| Other Costs ⓘ | 9 |
| Operating Profit ⓘ | 15 |
| Operating Profit Margin (%) | 12.2% |
| Other Income ⓘ | 1 |
| Interest ⓘ | 5 |
| Depreciation ⓘ | 0 |
| Exceptional Items ⓘ | 0 |
| Profit Before Tax ⓘ | 11 |
| Tax ⓘ | 3 |
| Profit After Tax | 8 |
| PAT Margin (%) | 6.6% |
| Adjusted EPS (₹) | 9.1 |
| Dividend Payout Ratio (%) | 0% |
| PARTICULARS | Mar'23 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 18 | |||||||||
| Share Capital ⓘ | 9 | |||||||||
| Reserves ⓘ | 9 | |||||||||
| Minority Interest | 0 | |||||||||
| Debt | 52 | |||||||||
| Long Term Debt | 0 | |||||||||
| Short Term Debt | 52 | |||||||||
| Trade Payables | 26 | |||||||||
| Others Liabilities ⓘ | 4 | |||||||||
| Total Liabilities ⓘ | 101 | |||||||||
Fixed Assets | ||||||||||
| Gross Block | 2 | |||||||||
| Accumulated Depreciation | 1 | |||||||||
| Net Fixed Assetsⓘ | 1 | |||||||||
| CWIP ⓘ | 0 | |||||||||
| Investmentsⓘ | 0 | |||||||||
| Inventories | 49 | |||||||||
| Trade Receivables | 40 | |||||||||
| Cash Equivalents | 2 | |||||||||
| Others Assetsⓘ | 9 | |||||||||
| Total Assets ⓘ | 101 | |||||||||
| PARTICULARS | Mar'23 |
|---|---|
| Cash Flow From Operating Activity ⓘ | -11 |
| PBT ⓘ | 11 |
| Adjustment ⓘ | 5 |
| Changes in Working Capital ⓘ | -25 |
| Tax Paid ⓘ | -3 |
| Cash Flow From Investing Activity ⓘ | -1 |
| Capex | -1 |
| Net Investments | 0 |
| Others ⓘ | 0 |
| Cash Flow From Financing Activityⓘ | 14 |
| Net Proceeds from Shares ⓘ | -9 |
| Net Proceeds from Borrowing ⓘ | 0 |
| Interest Paid ⓘ | -5 |
| Dividend Paid ⓘ | 0 |
| Others ⓘ | 28 |
| Net Cash Flow ⓘ | 2 |
| PARTICULARS | Mar'23 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 45.76 | |||||||||
| ROCE (%) | 23.12 | |||||||||
| Asset Turnover Ratio | 1.24 | |||||||||
| PAT to CFO Conversion(x) | -1.38 | Working Capital Days | ||||||||
| Receivable Days | 118 | |||||||||
| Inventory Days | 142 | |||||||||
| Payable Days | 97 | |||||||||
Karnika Industries was originally incorporated on April 13, 2022 as ‘Karnika Industries Limited’ pursuant to the conversion of a Partnership Firm named M/s Karni International into Public Limited Company vide Registration No. 253035 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre.
The Company is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It basically manufacture through job work all types of kids wear i.e., shorts, joggers, capri, tees, rompers, sleep suits, pyjamas, winter wear, infant wear etc. It has constructed well-established manufacturing units for designing, preparation of sample, quality inspection, ironing and packing of Garments that is equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit. Machinery that is equipped in its infrastructure is operated by its highly experienced team of professionals. It is manufacturing majority of its products through job work, it is capable of undertaking bulk requirements of its clients and deliver within stipulated time schedule.
The company majorly focuses in high quality of fabrics and garments, delivering quality textiles and maintaining long term association with its clients. The level of advancement determines the productivity of machines and labour, which in turn, determines the production and profitability of the company. Its technical team is equipped with modern technology and processing techniques by virtue of which it is able to ensure quality output. It sells its products under brand of KARNIKA and sub category as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club. Karnika has reputed client base which includes various reputed Commission Agents and retail sectors clients. Karnika is growing with rapid pace and making its presence in market with quality and professional work.
Its Business Process includes use of yarn and fabrics during the manufacturing process. Besides, it is also able to offer its customers fabric alternatives for their existing collections thus, create important added values in terms of pricing, quality and delivery terms. Its endeavour to satisfy customers by continuous improvement through process innovation and quality maintenance. It focuses on producing quality product to increase customer satisfaction and develop a positive brand image in the industry. Its management and team have enabled it to maintain continuing customer relations, ensuring repeat order flows.
Business area of the company
The company is engaged in the business of manufacturing of readymade cloths, and fabric is used as the primary raw material during its manufacturing process. It basically manufactures through job work all types of kids wear i.e., shorts, joggers, capri, tees, rompers, sleep suits, pyjamas, winter wear, infant wear etc.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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