Karnika Industries Ltd.
NNSE:KARNIKA128.80
INR
+4.80
(+3.87%)
ISIN
INE0MGA01012
Return %
Stock
S&P 500
1Y
-25.57
14.39
3Y
751.29
81.42
5Y
- -
68.62
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
•
in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Quarterly Revenue
INR
•
in mil. unless spec.Quarterly Earnings Per Share
INR
•
in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.Company Description
- CEO
- Niranjan Mundhra
- Full Time Employees
- 85
- Sector
- Consumer non-durables
- Industry
- Apparel/Footwear
- Address
- 6 & 6/1, Gurgola Ghat Road Howrah India 711106
- IPO Date
- Oct 12, 2023
- Website
- karnikaindustries.com
- Similar Companies
- Business
- Karnika Industries Limited (NSE: KARNIKA) manufactures, trades in and exports readymade kidswear garments for infants, babies, boys and girls through job work arrangements; its core products include shorts, joggers, capris, tees, tops, dresses, rompers, sleep suits, pyjamas, winter wear, infant wear, fancy suits, girls' separates, jumpsuits, denims, leggings, skirts and ponchos, sold under the KARNIKA brand and sub-brands such as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key and KARNIKA Club. The company produces quality fabrics and garments using breathable, non-allergenic materials with in-house designing, sample preparation, quality inspection, ironing and packing at its ISO 14001:2015-certified facilities. Headquartered in Howrah, West Bengal, India, with two manufacturing units in the region, Karnika distributes products across 28 states in India and plans to expand exports to the Middle East targeting the Indian diaspora; originally formed as a partnership firm named Karni International in 2017 and converted to a public limited company, it listed on the NSE Emerge SME platform in October 2023 following a successful IPO that raised ₹25.07 crore. In recent developments, Karnika completed its IPO in 2023-24, utilizing proceeds for working capital, operational enhancements including the import of an automated cutting machine to boost production efficiency, and debt repayment of ₹14 crore, reducing its debt-equity ratio from 2.92x to 0.98x. The company reported revenue growth to ₹128.46 crore in FY 2023-24, with EBITDA up 15.71% to ₹19.26 crore and profit after tax increasing 23.50% to ₹10.10 crore, while manufacturing output rose to 44 lakh pieces from 41 lakh in the prior year. In July 2025, its board approved increasing authorized share capital from ₹25 crore to ₹70 crore to support expansion, and it ventured into the fabric segment offering alternatives for pricing, quality and delivery value, alongside process improvements, EHS measures and plans for advanced technologies like 3D printing. Karnika serves over 300 customers including retailers, semi-wholesalers and commission agents, with more than 90% revenue from repeat clients of over three years, employing 155 people as of March 2024 and emphasizing ethical practices, CSR in employee welfare, awareness campaigns and philanthropy focused on children and education.