Karnika Industries Ltd was originally formed as a Partnership Firm under the Partnership Act, 1932, in the name and style of "Karni International" pursuant to a Deed of Partnership dated July 21, 2017. Karni International was thereafter converted from a Partnership Firm into a Public Limited Company with the name and style of "Karnika Industries Limited" through a Certificate of Incorporation from the Registrar of Companies, Kolkata, dated April 13, 2022. Karnika Industries Limited was founded in 2017 and is based in Howrah, India.
Karnika is a renowned name in the Indian garments industry with a legacy spanning over two decades. As a leading garments manufacturer and exporter in India, the company prides itself on its diverse range of products, exceptional craftsmanship, and customer-centric approach. Karnika Industries is an ISO 14001:2015 certified manufacturer (through job work), trader, and exporter of garments. The company has 155 employees.
Karnika Industries is engaged in the business of Manufacturing and Trading of all kinds of readymade garments for Babies, Boys, and Girls, and all kinds of dress materials in connection thereof, with its main products being Tops, Dresses, Denims, Leggings, Skirts, and Ponchos. The company offers kids wear, such as shorts, joggers, capri, tees, rompers, sleep suits, pyjamas, winter wear, infant wear, fancy suits, girls' separates, jumpsuits, etc.
The company operates through a well-established manufacturing infrastructure. It has constructed well-equipped manufacturing units for designing, preparation of samples, quality inspection, ironing, and packing of Garments, equipped with all necessary hi-tech machines and tools required for a modern manufacturing unit. It manufactures products through job work.
Karnika's product portfolio encompasses various categories of children's clothing. It offers a delightful collection of girls' frocks, perfect for every season and occasion, in a variety of styles, from playful prints to elegant designs, available in multiple colors and sizes. For boys, Karnika offers a versatile collection of tees, shorts, and pyjamas, designed for comfort and style in every season, available in various colors, prints, and sizes.
Karnika Industries has demonstrated strong financial performance in recent periods. The company has an operating revenue of ₹364.16 Crore on a trailing 12-month basis. An annual revenue growth of 37% is outstanding, a Pre-tax margin of 14% is healthy, and ROE of 25% is exceptional. The company has a reasonable debt-to-equity ratio of 2%, which signals a healthy balance sheet.
According to the latest financial data, Revenue: ₹173 Crore and Profit: ₹18.0 Crore for the most recent reporting period.
• Operating Revenue (TTM): ₹364.16 Crore
• Annual Revenue Growth: 37%
• Pre-tax Margin: 14%
• Return on Equity (ROE): 25%
• Debt to Equity: 2%
• Latest Revenue: ₹173 Crore
• Latest Profit: ₹18.0 Crore
• EPS (TTM): 14.54
• PE Ratio: 46.27
• PB Ratio: 11.75
• Dividend Yield: 0.02%
• Market Capitalization: ₹816.73 Crore (As of Jul 11, 2025)
• Promoter Holding: 73.39%
Karnika Industries is listed and trades on the India National Stock Exchange (NSE) with the stock symbol "KARNIKA."
The stock has shown remarkable performance over the past year. Over the past 6 months, the Karnika Industries share price has increased by 80.48%, and in the last one year, it has increased by 104.71%. The stock has fluctuated within a day range of 650.00 to 665.00, while its 52-week range spans from 228.05 to 714.90.
Niranjan Mundhra serves as the Chairman, and Muskan Mundhra is the Company Secretary for Karnika Industries Ltd. The latest quarter promoter holding in Karnika Industries is 73.39%, which has remained stable, indicating consistent promoter confidence in the company.
• July 8, 2025: KARNIKA INDUSTRIES LIMITED has informed about a Board Meeting to be held on July 15, 2025, to consider and approve Bonus/Other business.
• May 27, 2025: Karnika Industries approved audited FY25 results; re-appointed internal and secretarial auditors; trading window closed.
From a valuation perspective, the stock is trading at 11.5 times its book value, and the company has high debtors of 158 days.
From a technical analysis perspective, based on moving averages and other technical indicators, the daily buy/sell signal is "Strong Buy."
From an O'Neil Methodology perspective:
• EPS Rank: 0 (POOR score, indicating inconsistency in earnings)
• RS Rating: 94 (GREAT, indicating outperformance compared to other stocks)
• Buyer Demand: A (evident from recent demand for the stock)
• Group Rank: 113 (indicates it belongs to a poor industry group of Apparel-Clothing Mfg)
• Master Score: C (fair, but needs to improve)
Overall, the stock is lagging behind in earnings parameters, but excellent technical strength makes it a stock to examine in more detail.
Karnika Industries represents a growing player in India's children's garment manufacturing sector, with strong recent financial performance and significant market appreciation. However, investors should carefully consider the company's operational metrics and industry dynamics before making investment decisions.
