Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹96.90, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 21x in the Luxury industry in India. Total loss to shareholders of 24% over the past year. Announcement • Jul 03
Karnika Industries Limited to Report Q1, 2026 Results on Jul 04, 2026 Karnika Industries Limited announced that they will report Q1, 2026 results on Jul 04, 2026 New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹8.25b market cap, or US$87.0m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹123, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 3.2% over the past year. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹124, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 5.7% over the past year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹133, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 77% over the past year. Reported Earnings • Nov 19
Second quarter 2026 earnings released: EPS: ₹3.29 (vs ₹0.83 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.29 (up from ₹0.83 in 2Q 2025). Revenue: ₹698.4m (up 42% from 2Q 2025). Net income: ₹93.9m (up 82% from 2Q 2025). Profit margin: 13% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Announcement • Nov 13
Karnika Industries Limited to Report First Half, 2026 Results on Nov 14, 2025 Karnika Industries Limited announced that they will report first half, 2026 results on Nov 14, 2025 New Risk • Nov 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.28b (US$93.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Market cap is less than US$100m (₹8.28b market cap, or US$93.5m). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹134, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 148% over the past year. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Announcement • Sep 08
Karnika Industries Limited, Annual General Meeting, Sep 29, 2025 Karnika Industries Limited, Annual General Meeting, Sep 29, 2025, at 13:00 Indian Standard Time. New Risk • Sep 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.9% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹874, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 238% over the past year. Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Shashikant Soni was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹8.47b market cap, or US$99.2m). Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Shashikant Soni was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹7.32b market cap, or US$84.0m). Board Change • Feb 24
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Whole-Time Director Mahesh Mundhra is the most experienced director on the board, commencing their role in 2022. Independent Director Shashikant Soni was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹349, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 134% over the past year. Board Change • Nov 19
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Whole-Time Director Mahesh Mundhra is the most experienced director on the board, commencing their role in 2022. Additional Independent Director Shashikant Soni was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Sep 16
Karnika Industries Limited, Annual General Meeting, Sep 28, 2024 Karnika Industries Limited, Annual General Meeting, Sep 28, 2024, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹294, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 29x in the Luxury industry in India. New Risk • May 28
New major risk - Revenue and earnings growth Revenue has declined by 2.6% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue has declined by 2.6% over the past year. High level of non-cash earnings (25% accrual ratio). Minor Risk Market cap is less than US$100m (₹3.54b market cap, or US$42.6m). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹267, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 27x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹164, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 30x in the Luxury industry in India. New Risk • Jan 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (41% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (₹1.85b market cap, or US$22.2m). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹169, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 27x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹102, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 23x in the Luxury industry in India. Board Change • Oct 13
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Whole-Time Director Mahesh Mundhra is the most experienced director on the board, commencing their role in 2022. Independent Director Kirti Taparia was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.