Karnawati Innovation Limited

About

Karnawati Innovation Limited engages in the production and sale of mineral water and PET bottles in India. The company is also involved in cultivation, farming, and production of crops; goldsmiths and silver smiths; and plastic recycling. Its products are used for bottling liquor and products with gaseous contents. The company was formerly known as Bisil Plast Limited and changed its name to Karnawati Innovation Limited in October 2025. Karnawati Innovation Limited was incorporated in 1986 and is based in Ahmedabad, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022
Sales	71.47	20.00	0.00	0.00	0.00	0.00	0.47	1.40	1.02	0.73	0.88	0.38	1.87
Expenses	69.62	18.39	0.14	0.13	0.01	0.07	0.46	1.34	0.94	0.68	0.84	0.39	1.72
Operating Profit	1.85	1.61	-0.14	-0.13	-0.01	-0.07	0.01	0.06	0.08	0.05	0.04	-0.01	0.15
OPM %	2.59	8.05	—	—	—	—	2.13	4.29	7.84	6.85	4.55	-2.63	8.02
Other Income	0.00	0.00	1.18	0.37	0.00	0.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	1.85	1.61	0.16	0.21	-0.01	0.02	0.01	0.03	0.08	0.05	0.04	-0.01	0.15
Tax %	0.00	0.00	0.00	42.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	1.85	1.61	0.16	0.13	-0.01	0.02	0.01	0.04	0.08	0.05	0.04	-0.01	0.15
EPS in Rs	0.03	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Sales	0.93	4.03	4.03	1.51	0.98	1.24	0.06	0.00	0.00	0.00	0.00	0.00
Expenses	0.67	3.80	3.85	1.49	1.01	1.28	0.17	0.10	0.08	0.11	0.06	0.06
Operating Profit	0.26	0.23	0.18	0.02	-0.03	-0.04	-0.11	-0.10	-0.08	-0.11	-0.06	-0.06
OPM %	27.96	5.71	4.47	1.32	-3.06	-3.23	-183.33	—	—	—	—	—
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.03	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.03	0.03
Profit before tax	0.23	0.20	0.18	0.02	-0.03	-0.04	-0.11	-0.10	-0.02	-0.14	-0.09	-0.09
Tax %	39.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.15	0.20	0.18	0.02	-0.03	-0.04	-0.11	-0.10	-0.02	-0.14	-0.09	-0.09
EPS in Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Sep 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Equity Capital	5.40	5.40	5.40	5.40	5.40	5.40	5.40	5.40	5.26	5.26	5.26	5.26	5.26
Reserves	-2.44	-4.22	-4.36	-4.57	-4.74	-4.76	-4.73	-4.68	-4.58	-4.48	-4.46	-4.32	-4.23
Borrowings	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	17.74	0.55	2.52	0.56	0.51	0.25	0.37	0.03	0.01	0.00	0.00	0.00	-0.01
Total Liabilities	20.71	1.73	3.56	1.39	1.17	0.89	1.04	0.75	0.69	0.78	0.80	0.94	1.02
Fixed Assets	0.23	0.23	0.25	0.27	0.00	0.00	0.00	0.00	0.00	0.00	0.37	0.39	0.42
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	20.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.39	1.50	3.31	1.12	1.17	0.89	1.04	0.75	0.69	0.78	0.43	0.55	0.60
Total Assets	20.71	1.73	3.56	1.39	1.17	0.89	1.04	0.75	0.69	0.78	0.80	0.94	1.02

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	0.04	0.01	-0.31	0.04	-0.09	-0.10	-0.09	-0.02	-0.11	-0.06
Cash from Investing Activity	-0.01	0.00	-0.28	0.00	0.00	0.08	0.09	0.03	0.09	0.00
Cash from Financing Activity	0.00	0.00	0.38	0.22	0.00	0.15	0.00	0.00	0.00	0.08
Net Cash Flow	0.03	0.01	-0.21	0.26	-0.09	0.13	0.00	0.00	-0.02	0.02
Free Cash Flow	0.03	0.01	-0.59	0.04	-0.09	-0.10	-0.09	0.35	-0.11	-0.06
CFO/OP %	50.00	4.00	-172.00	200.00	300.00	91.00	90.00	25.00	100.00	100.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Debtor Days	282.58	249.07	86.04	113.61	89.39	88.31	121.67	—	—	—	—	—
Inventory Days	0.00	38.89	4.93	0.00	0.00	0.00	0.00	—	—	—	—	—
Days Payable	—	237.35	53.27	—	—	—	—	—	—	—	—	—
Cash Conversion Cycle	282.58	50.61	37.70	113.61	89.39	88.31	121.67	—	—	—	—	—
Working Capital Days	317.90	61.59	42.57	-7.25	0.00	-17.66	3,528.33	—	—	—	—	—
ROCE %	20.72	21.39	24.16	3.08	-4.58	-5.76	-15.71	-13.70	-2.53	-16.09	-9.14	-8.41

Shareholding Pattern

% holding — latest first

Holder	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.04	0.04	0.04	0.04
Public	100.00	100.00	100.00	100.00	100.01	99.99	100.01	99.96	99.95	99.95	99.96	99.96
No. of Shareholders	45,390	46,674	45,991	44,945	45,520	40,640	30,924	30,691	26,895	22,732	20,609	19,438