On 6 Nov 2026, Karnavati Finance was priced at ₹1.31, or 18.7× trailing earnings, and the shares are 27% below their 52-week high. Its ROE of −81% is the lowest among the 7 largest Credit Services peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 3.02× book value. It is a small-cap company with a market cap of ₹13 Cr, ranked 158th of 193 Credit Services companies by market cap; the shares fell 18% over the past year.
- ₹1.36
- ₹1.40
- ₹1.25
- ₹1.36
- 14.9K
Health check
- ReturnsBehind
−17.6% over a year, better than 1 of 7 peers.
- Price tagPricier
P/B 3.02 vs peer median 2.62.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityNegative
ROE -81.1% vs peer median 18.7%.
- Balance sheetn/a
Asset quality (bad loans) isn’t in our data.
- Red flags1 to check
Return on equity is low at −81.1%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹13 Cr
- Small cap
- P/E
- 18.7
- Industry 15.9
- Price to book
- 3.02
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- −81.1%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹0.07
- OPM (TTM)
- 12.0%
- Net margin 50.0%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 9.12
Strengths and risks
Risks to check
- Return on equity is low at −81.1%.
About Karnavati Finance
Karnavati Finance Limited, a non-banking finance company, engages in the provision of various financial services. The company offers personal, business, auto, education, and mortgage/property-backed loans, as well as home, refinance, construction, investment property, vehicle, and other loans. It also provides secured and unsecured term, business and working capital, short-term and long-term, SME, and asset-backed financing, as well as credit facilities.…
- Headquarters
- Jamnagar
- Employees
- 8
- Sector
- Financial Services
- ISIN
- INE554R01020
- Website
- karnavatifinancelimited.co
Price range
- Avg volume (3M)
- 28.5K
- 1-year return
- minus 17.6%
- From 52-week high
- minus 27.2%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.79% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.06% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.98% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.75% | minus 34.4% |
| KARNAVATIKarnavati Finance | 1.31 | minus 3.68% | 13 | 18.7 | 3.02 | −81.1% | – | – | 0.00% | minus 17.6% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.06% | 0.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.2 | 0.6 | 2.3 | 2.6 | 1.9 | |
| 0.6 | 1 | 1.6 | 8.2 | −4.4 | |
| −0.4 | −0.4 | 0.7 | −5.6 | 6.3 | |
| −169.2% | −73.1% | 30.6% | −217.6% | 337.0% | |
| 0 | 0 | −0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | – | |
| −0.4 | −0.4 | 0.7 | −5.6 | 6.3 | |
| – | – | – | −2.7% | – | |
| −0.4 | −0.4 | 0.7 | −5.8 | 6.3 | |
| -0.04 | -0.04 | 0.07 | -0.58 | 0.62 |
Profit & loss
- ROE
- −81.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.8 | 3 | 1.6 | 5.3 | |
| – | +6.8% | minus 48.3% | +237.6% | |
| 2.1 | 4.6 | 3.2 | 11 | |
| 0.8 | −1.6 | −1.7 | −5.7 | |
| 26.7% | −51.2% | −105.2% | −108.1% | |
| −0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| – | – | −0 | −0 | |
| 0.7 | −1.6 | −1.7 | −5.7 | |
| 25.0% | −6.0% | −0.1% | −2.7% | |
| 0.6 | −1.7 | −1.7 | −5.9 | |
| 0.56 | -1.66 | -0.17 | -0.59 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.1 | 10.1 | 10.1 | 10.1 | |
| 3.5 | 1.9 | 0.2 | −5.7 | |
| 12.7 | 15.5 | 11.1 | 59.9 | |
| 1.1 | 1.3 | 0.3 | 1 | |
| 27.4 | 28.7 | 21.6 | 65.3 | |
| 0 | 0 | 0 | 0 | |
| – | 0 | 0.1 | 0.2 | |
| 1.7 | 0.1 | 0 | 0.1 | |
| 25.7 | 28.6 | 21.5 | 64.9 | |
| 27.4 | 28.7 | 21.6 | 65.3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −9.4 | −2.8 | 5.5 | −44.8 | |
| 11 | 1.2 | −5.6 | 44.9 | |
| 1.6 | −1.5 | −0.1 | 0.1 | |
| −9.4 | −2.8 | 5.5 | −44.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.