Karnavati Finance logo

Karnavati Finance share price

BSE: 538928FinanceSmall Cap

Karnavati Finance Limited · Face value ₹1 · Listed Feb 2015
Last close ₹1.24down ₹0.03 (2.36%)

Share price at the BSE close on 28 Oct 2026. Previous close ₹1.27.

28 Oct: open ₹1.29, high ₹1.29, low ₹1.20

52-week range of traded prices to 28 Oct 2026
₹1.08Low, 30 Mar 2026₹1.80High, 31 Oct 2025
Market cap
₹12 Cr4,415th largest listed
P/E
16.97
P/B
2.88
Dividend yield
Nonein the last 12 months
ROE
10.1%
NIM
3.33%
Cost of funds
10.91%
Credit cost
0.00%
ROA
−13.59%
Leverage
5.97times net worth
Volume, BSE
10,585

Karnavati Finance share price chart

Daily closes since Feb 2015, adjusted for splits and bonuses

−23.9%over a year · Nifty 500 −8.8%

20-session average 23,170 shares a day

Results

Standalone; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Karnavati Finance quarterly results

Income from operations growth, 12 months
+1,029.6%
Net profit growth, 12 months
–

Quarter to Jun 2026, against the quarter before

Income from operations
₹7.69 Crup 196.16%
Net profit
₹6.25 CrQuarter to Mar 2026: −₹5.79 Cr

Income from operations by quarter

₹0.28 CrSep 24₹0.41 CrDec 24₹0.26 CrMar 25₹0.22 CrJun 25₹0.59 CrSep 25₹2.28 CrDec 25₹2.60 CrMar 26₹7.69 CrJun 26
Peak income from operations ₹7.69 Cr, quarter to Jun 2026; lowest ₹0.22 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
−₹0.86 CrSep 24−₹0.06 CrDec 24−₹0.88 CrMar 25−₹0.37 CrJun 25−₹0.43 CrSep 25₹0.70 CrDec 25−₹5.79 CrMar 26₹6.25 CrJun 26
Back to profit in the quarter to Jun 2026, ₹6.25 CrA loss in 6 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Income from operations0.280.410.260.220.592.282.607.69
Net profit−0.86−0.06−0.88−0.37−0.430.70−5.796.25
Standalone. The last eight quarters. The latest is shaded.

Business segments

In the year to Mar 2026 the company reports one business segment, Financing, which carries all its revenue.

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Karnavati Finance PE ratio and valuation

Price to book

At or below today's level on 73% of 1,190 trading days over the last 5 years.

LowestHighest
Its median1.93Industry median1.08

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−42.5%––0.0%
3 years−51.3%––0.0%
5 years−6.5%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Karnavati Finance shareholding pattern

Shareholding by group

  • Promoters62.56%
  • Individuals and others37.44%
Holder
RAMAN P MORZARIAPromoter31.49%
KUSH RAMANBHAI MORZARIAPromoter16.39%
MORZARIA JAY RPromoter11.52%
THEETA TRADING LLPOther non-institutions3.73%
DAXABEN R MORZARIAPromoter2.93%
SANJAYKUMAR JIVANBHAI BHATIYAResident individuals, over ₹2 lakh at face value2.73%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

Since Jun 2026: promoters +0.50 pts.

Karnavati Finance competitors and peers

Non Banking Financial Company (NBFC), 279 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Karnavati Finance in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Citiport Financial Services logoCitiport Financial ServicesCITIPOR1348.533.56+41.3%+54.7%7.6%–5.94%–0.00%
Indo-City Infotech logoIndo-City InfotechINDOCITY1333.431.08+41.9%–3.3%2.3%––0.00%
Shri Niwas Leasing and Finance logoShri Niwas Leasing and FinanceSHRINIWAS13–0.01––––––0.00%
G.k.Consultants logoG.k.ConsultantsGKCONS12115.100.77+19.1%−62.4%0.7%–0.59%7.42%0.00%
Tokyo Finance logoTokyo FinanceTOKYOFIN1254.091.04+2.9%+213.3%1.9%–1.42%7.13%0.00%
Anna Infrastructures logoAnna InfrastructuresANNAINFRA12–1.07+9.8%––7.0%––0.00%
Neil Industries logoNeil IndustriesNEIL126.920.19+13.8%+23.6%2.8%–2.26%6.44%0.00%
Sarvottam Finvest logoSarvottam FinvestSARVOTTAM11–0.46+1.2%–−0.9%–−0.76%5.78%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Latest announcements

Routine notices left out.Karnavati Finance announcements

Karnavati Finance share price by year

Each calendar year to 2025.Karnavati Finance share price history

YearClose at year endChangeHighest closeLowest close
20251.63−24.2%2.221.37
20242.15−1.4%3.772.01
20232.18−87.3%26.552.00
202217.21+764.6%17.211.44
20211.99+25.2%2.141.15
20201.59−48.2%3.791.21
20193.07+22.1%3.522.35
20182.52−8.2%3.202.37
20172.74+107.6%3.371.24
20161.32+18.4%1.321.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2016 is from its first session, 8 Feb 2016. The 2016 close is its last trade, on 19 Dec 2016.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on BSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolume
27 Oct 20261.211.301.201.271.2534,062
26 Oct 20261.321.321.131.211.2345,053
23 Oct 20261.341.371.261.321.326,148
22 Oct 20261.281.401.281.321.345,487
21 Oct 20261.401.401.321.331.367,152
19 Oct 20261.301.401.301.391.367,587
16 Oct 20261.411.411.301.321.3049,681
15 Oct 20261.341.411.301.321.3512,167
14 Oct 20261.411.411.291.331.3331,325
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
29 Aug 2025Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
24 Feb 2023Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
ASHISH NANDKISHOR BATAVIA
At the end of the quarter to Jun 2026
Managing director
JAY RAMANBHAI MORZARIA
At the end of the quarter to Jun 2026
BSE code
538928
ISIN
INE554R01020
Industry
Finance
CIN
L65910MH1984PLC034724
Corporate identity number, the registrar of companies' code for it
Incorporated
1984
Registered office
Vraj Group, 2nd Floor, Simran Centre, Mogra Village, 30H Parsi Panchayat Road, Andheri East, Mumbai 400053, Maharashtra
Share registrar
Satellite Corporate Services Pvt Ltd
Keeps the register of shareholders and handles transfers and dividend payments