Karnawati Innovation (BSE 531671)₹1.12+1.82%Packaging
In the Dec 2025 quarter (standalone), Karnawati Innovation reported sales of ₹71.72 Cr and net profit of ₹1.84 Cr. For the year to Mar 2025, sales were ₹0.94 Cr and net profit ₹0.14 Cr.
Company filings, standalone accounts; latest reported quarter Dec 2025
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.39 | 0.89 | 0.74 | 1.03 | 1.41 | 0.48 | 0.00 | 0.00 | 0.00 | 0.00 | 20.06 | 71.72 |
| Expenses | 0.40 | 0.85 | 0.69 | 0.95 | 1.35 | 0.47 | 0.08 | 0.02 | 0.14 | 0.15 | 18.41 | 69.67 |
| Operating Profit | −0.02 | 0.05 | 0.06 | 0.09 | 0.07 | 0.02 | −0.08 | −0.02 | −0.14 | −0.15 | 1.62 | 1.86 |
| OPM % | −2.6% | 4.6% | 6.9% | 7.9% | 4.3% | 2.2% | — | — | — | — | 8.1% | 2.6% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.38 | 1.19 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.87 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.03 | 0.04 | 0.07 | 0.02 | 0.00 | 0.01 | 0.00 | 0.20 | 0.15 | 1.60 | 1.84 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 43.0% | 0.0% | 0.0% | 0.0% |
| Net Profit | 0.00 | 0.03 | 0.04 | 0.07 | 0.03 | 0.00 | 0.01 | 0.00 | 0.12 | 0.15 | 1.60 | 1.84 |
| EPS (Rs) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 1.25 | 0.99 | 1.52 | 4.05 | 4.04 | 0.94 | 91.78 |
| Expenses | 0.07 | 0.12 | 0.09 | 0.11 | 0.18 | 1.29 | 1.02 | 1.50 | 3.86 | 3.81 | 0.68 | 88.37 |
| Operating Profit | −0.07 | −0.12 | −0.09 | −0.11 | −0.12 | −0.05 | −0.04 | 0.03 | 0.19 | 0.24 | 0.27 | 3.19 |
| OPM % | — | — | — | — | −183.3% | −3.2% | −3.0% | 1.3% | 4.5% | 5.8% | 28.0% | 3.5% |
| Other Income | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.57 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.87 |
| Depreciation | 0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 |
| Profit before tax | −0.08 | −0.13 | −0.01 | −0.09 | −0.10 | −0.03 | −0.02 | 0.01 | 0.17 | 0.19 | 0.22 | 3.79 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 39.2% | — |
| Net Profit | −0.08 | −0.13 | −0.01 | −0.09 | −0.10 | −0.03 | −0.02 | 0.01 | 0.17 | 0.19 | 0.14 | 3.71 |
| EPS (Rs) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.27 | 5.27 | 5.27 | 5.28 | 5.28 | 5.42 | 5.42 | 5.41 | 5.41 | 5.41 | 5.42 | 5.41 |
| Reserves | −4.24 | −4.33 | −4.47 | −4.49 | −4.59 | −4.69 | −4.74 | −4.77 | −4.75 | −4.58 | −4.37 | −4.23 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | −0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.37 | 0.26 | 0.52 | 0.56 | 2.51 | 0.55 |
| Total Liabilities | 1.02 | 0.94 | 0.80 | 0.79 | 0.70 | 0.76 | 1.05 | 0.90 | 1.18 | 1.39 | 3.56 | 1.73 |
| Fixed Assets | 0.41 | 0.38 | 0.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.24 | 0.22 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.61 | 0.56 | 0.44 | 0.79 | 0.70 | 0.76 | 1.05 | 0.90 | 1.18 | 1.13 | 3.32 | 1.51 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.38 | 0.00 |
| Trade receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.31 | 0.25 | 0.48 | 0.96 | 2.76 | 0.73 |
| Cash & equivalents | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.13 | 0.13 | 0.04 | 0.30 | 0.08 | 0.10 | 0.13 |
| Total Assets | 1.02 | 0.94 | 0.80 | 0.79 | 0.70 | 0.76 | 1.05 | 0.90 | 1.18 | 1.39 | 3.56 | 1.73 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −0.05 | −0.10 | −0.01 | −0.08 | −0.09 | −0.08 | 0.03 | −0.30 | 0.00 | 0.03 |
| Cash from investing activity | 0.00 | 0.10 | 0.04 | 0.10 | 0.09 | 0.00 | 0.00 | −0.29 | 0.00 | −0.02 |
| Cash from financing activity | 0.09 | 0.00 | 0.00 | 0.00 | 0.16 | 0.00 | 0.23 | 0.39 | 0.00 | 0.00 |
| Net cash flow | 0.01 | −0.01 | 0.00 | 0.00 | 0.12 | −0.08 | 0.25 | −0.20 | 0.00 | 0.02 |
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 0.00 | 0.02 |
| Free cash flow | −0.05 | −0.10 | 0.34 | −0.08 | −0.09 | −0.08 | 0.03 | −0.58 | 0.00 | 0.04 |
| CFO / OP % | 100.0% | 100.0% | 25.0% | 90.0% | 91.0% | 300.0% | 200.0% | −172.0% | 4.0% | 50.0% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | — | — | — | — | — | 122 | 88 | 89 | 114 | 86 | 249 | 283 |
| Inventory days | — | — | — | — | — | 0 | 0 | 0 | 0 | 6 | 40 | 0 |
| Days payable | — | — | — | — | — | — | — | — | — | 54 | 238 | — |
| Cash conversion cycle | — | — | — | — | — | 122 | 88 | 89 | 114 | 38 | 51 | 283 |
| Working capital days | — | — | — | — | — | 3,527 | −19 | 0 | −8 | 42 | 61 | 317 |
| ROCE % | −8.4% | −9.1% | −16.0% | −2.5% | −13.6% | −15.6% | −5.7% | −4.6% | 3.1% | 24.2% | 21.5% | 20.8% |
For the Dec 2025 quarter, Karnawati Innovation reported sales of ₹71.72 Cr and net profit of ₹1.84 Cr. The operating margin was 2.6%.
Karnawati Innovation's sales for the year to Mar 2025 were ₹0.94 Cr; over the last twelve months they were ₹91.78 Cr.
Net profit for the year to Mar 2025 was ₹0.14 Cr, and ₹3.71 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.08.
Karnawati Innovation reported borrowings of ₹0 Cr at Mar 2025, against cash and equivalents of ₹0.13 Cr.
Cash from operations was ₹0.03 Cr in the year to Mar 2025; after capital spending, free cash flow was ₹0.04 Cr.