Karnika Industries share price today

Karnika Industries Ltd's share price was ₹134.00 at the close on 6 November 2026. It has been falling for 17 weeks. That is 7.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹108 and ₹151, and at that close it sat 60% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Karnika Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 7 weeks in a row.

Over the last 3.1 years the share price moved +726% while the NIFTY 500 moved +26%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit up on a year earlier for 5 quarters in a row (every quarter we can compare), revenue up on a year earlier for 4 quarters in a row and highest quarterly profit in 9 quarters.

1. Profit up on a year earlier for 5 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹11 crore, +22.2% on a year earlier.

   Why: Profit rose because the Puja buying window brought in more corporate orders for Karnika own-brand and new white-label goods.

   Next results: check whether the share of sales left after running costs holds after yarn, dyeing and processing costs rise, and whether price rises cover those costs.

   From the earnings call on 13 Oct 2026.

2. Revenue up on a year earlier for 4 quarters in a row

   In the September 2026 quarter revenue was ₹82 crore, +17.1% on a year earlier.

   Why: Revenue rose because the Puja buying window let corporate accounts buy both Karnika own-brand products and newly offered white-label goods.

   From the earnings call on 13 Oct 2026.

3. Highest quarterly profit in 9 quarters

   Profit of ₹11 crore in the September 2026 quarter is the highest of the last 9 quarters.

   Why: Profit hit a record as Kidzcity became the main growth driver, alongside the older Karnika wholesale business and its consumer channels.

   From the earnings call on 13 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Karnika Industries reported revenue of ₹82.0 crore, up 17.1% from ₹70.0 crore a year earlier, and a profit of ₹11.0 crore, up 22.2% from ₹9.00 crore.

Karnika Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Karnika Industries' management discussed these results on a call held on 13 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Karnika Industries closed at ₹134.00 on 6 November 2026, down 15.5% from ₹158.50 a year earlier (7 November 2025) and up 690.6% over three years. Its highest weekly close since October 2023 was ₹202.00 on 29 August 2025.

Karnika Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

163 weekly closes from 13 October 2023 to 6 November 2026.

6 Nov 2026: Karnika Industries closed at ₹134.00, up 0.4% on the week and up 6.9% on the month. 13 Oct 2026: Karnika Industries held its results call for July to September 2026. Management guided: Consolidated revenue and profit before tax yearly growth of 30%-35% through FY28; operating margin range of 17%-20%.

Earlier

• Results for July to September 2026: Revenue up 17.1% and profit up 22.2% on a year earlier.

The NSE corporate-actions record has no dividend for Karnika Industries since its first NSE close in our records (13 October 2023), so this page cannot show amounts per share.

Yes. Karnika Industries Ltd paid out 2% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 6 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 13 October 2026, Karnika Industries' management guided: Consolidated revenue and profit before tax yearly growth of 30%-35% through FY28; operating margin range of 17%-20%.

“Looking ahead, management has guided towards 30% to 35% CAGR in revenue and profit before tax through FY28, while maintaining an EBITDA margin range of 17% to 20%.”Niranjan Mundhra, on the call for July to September 2026

What management guided

• Karnika growth of 20%-25% year on year and debtor-cycle goal of 90-100 days.
• FY27-FY28 rollout goal of 50-55 kiosks and 50 EBOs; cross-city exchange technology expected by February or March.
• SIS capital spending ₹2-3 lakh per store, inventory ₹3-5 lakh for around 1,000 pieces and 9-12 month payback; Brands of Brand capital spending and inventory ₹10-15 lakh each.
• Brands of Brand goal of ₹50 lakh annual revenue per outlet and 13%-14% margin; MRP ₹799-1,499, with 12 licensed brands and ₹6-8 crore in minimum guarantees.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 13 October 2026.

When Karnika Industries reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Kidzcity revenue delivery against the FY27 goal and the contribution from shop-in-shop, aggregation and corporate sales.

Karnika Industries is not on any of our India lists this week.

Karnika Industries Ltd earned ₹11.0 Cr of net profit in the Sep 2026 quarter, +22.2% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹27.0 Cr. Over 5 years profit has grown 93.3% a year on average. That is 13.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹9.0 Cr.

For the full year, FY26 profit was ₹27.0 Cr (+50.0% on the year before).

Why profit moved: revenue changed +17.1% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +172.2% and revenue +100.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Karnika Industries Ltd reported ₹82.0 Cr of revenue in the Sep 2026 quarter, +17.1% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 5 years it has grown 36.7% a year on average. The last full year, FY26, came in at ₹224 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹263 Cr.

FY26 revenue was ₹224 Cr, +31.0% on the year before.

Recent pace: the last four quarters grew +100.2% on average, against 36.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Karnika Industries Ltd's operating margin was 19.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between 4.4% and 16.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.2 percentage points on the year while gross margin changed +0.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 33% of Karnika Industries Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹21.0 Cr of operating cash against ₹27.0 Cr of profit. After ₹1.0 Cr of spending on assets, ₹20.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 33% of profit came in as cash: the cash cycle got 63 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 63 days longer. The next section looks at where the cash is stuck.

Karnika Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 198 days in FY26, up from 135 days in FY21. It spent ₹8.0 Cr on assets over the last 3 years. Customers take 110 days to pay, and stock sits for 130 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹224 Cr, each day of that cycle ties up about ₹0.6 Cr, so roughly ₹122 Cr is tied up in the business at any time.

FY26: customers took 110 days to pay and stock sat for 130 days, about 4.3 months of sales sitting as stock, for a full cycle of 198 days, longer than FY21's 135.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 130 days. Customers pay about 110 days after that. Suppliers are paid at 42 days. Together that makes the 198-day cycle.

Spending on assets: ₹8.0 Cr over the last 3 years, against ₹4.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Karnika Industries Ltd's P/E is 25.7×, near the low end of its own history: it has been lower only 22% of the time. Its usual P/E (the middle reading) is 33.3×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +47.8% while the price moved −15.5%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +99.2% a year; about +58.2% a year came from earnings growth and about +41.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 21% on reported income across 4 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Karnika Industries Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 5 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Karnika Industries Ltd earned a ROCE of 30% in FY26. That is up from a low of 21% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 12.1% net margin and 1.19× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 12.1% net margin × 1.19× asset turnover × 1.99× leverage (assets divided by equity) ≈ 28.7% on equity. The margin does its share; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 21% on reported income across 4 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Karnika Industries Ltd had ₹70.0 Cr of borrowings against ₹95.0 Cr of equity in FY26, so its debt is 0.74× its equity. Its operating profit is 7 times its interest bill. Over 5 years borrowings went from ₹16.0 Cr to ₹70.0 Cr. Over the last 3 of those years it spent ₹8.0 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 21% on reported income across 4 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Domestic institutions raised their stake in Karnika Industries Ltd by 4.1 percentage points over 7 quarters, the biggest change among its owners. Domestic institutions now own 4.1% of the company. Promoters moved +0.0 points over the same period, to 73.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why the owners changed: domestic institutions drove it (+4.1 points). They raised their stake step by step.

For Karnika Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

70.7 out of 100, rank 2 of 26 in Textiles - Readymade Apparel, with 67% of the evidence available.

Karnika Industries Ltd scores 70.7 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 2. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.

The four parts add up to the total exactly: 26.8 + 20.8 + 11.3 + 11.8 = 70.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Karnika Industries ranks 2 of 26 Textiles - Readymade Apparel companies on the 4-Factor Sector Score, with 70.7 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Textiles - Readymade Apparel, all 26 compared on one page.

Karnika Industries is the 23rd largest of 26 Textiles - Readymade Apparel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Iris Clothings, Monte Carlo Fashions and Sai Silks (Kalamandir). Just below it: Credo Brands Marketing, Thomas Scott India and Bella Casa Fashion & Retail.

Textiles - Readymade Apparel companies close in size

20. Iris Clothings Ltd ₹1,129 crore
21. Monte Carlo Fashions Ltd ₹1,055 crore
22. Sai Silks (Kalamandir) Ltd ₹996 crore
23. Karnika Industries Ltd ₹827 crore
24. Credo Brands Marketing Ltd ₹528 crore
25. Thomas Scott India Ltd ₹369 crore
26. Bella Casa Fashion & Retail Ltd ₹330 crore

All 26 Textiles - Readymade Apparel companies, largest first

Companies close in size in other industries

1717. Madras Fertilizers Ltd ₹832 crore · Fertilisers
1718. Max India Ltd ₹829 crore · Finance - Holding Company
1719. Karnika Industries Ltd ₹827 crore
1720. Vilas Transcore Ltd ₹827 crore · Capital Goods - Transformers
1721. Salzer Electronics Ltd ₹824 crore · Capital Goods - Electric General

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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