Karnavati Finance Ltd (KARNAVATI) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Karnavati Finance Ltd ₹0.40, price ₹1.39, upside -71.2%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹1.11 – ₹26.55 · fair‑value band ₹0.2600 – ₹0.4900 · the ₹1.39 price screens above the ₹0.4000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Karnavati Finance Limited, a non-banking finance company, engages in the provision of various financial services in India. The company offers personal, business, gold, project, and vehicle, as well as loans against property to individual and non-individual customers; and money changing services.
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Karnavati Finance Limited, a non-banking finance company, engages in the provision of various financial services in India. The company offers personal, business, gold, project, and vehicle, as well as loans against property to individual and non-individual customers; and money changing services. It also provides digital and capital market-based lending; micro, structured, and corporate finance services; mortgage and wealth management services; and debt capital markets and syndication services. The company was formerly known as Karnavati Finance And Leasing Limited and changed its name to Karnavati Finance Limited in December 1989. Karnavati Finance Limited was incorporated in 1984 and is based in Jamnagar, India.
Stock analysis
Karnavati Finance Ltd (KARNAVATI) currently trades at ₹1.39, while our model-based Fair Value estimate is ₹0.4000, 71.2% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: ₹0.2600 (bear) to ₹0.4900 (bull), the price of ₹1.39 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Karnavati Finance Ltd reported revenue of ₹53.1M in FY2026 versus ₹19.4M in FY2022, a compound +28.7%/yr. Reported net income was −₹59.0M in FY2026.
Key figures
Market cap ₹140M (≈ $1.5M) · P/E ratio 19.9 · P/S ratio 9.75 · EPS (TTM) ₹0.0700 · Net margin −111% · Return on equity −81.1% · Return on assets (EBIT) 0.0% · Operating margin 99.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at −71%, KARNAVATI screens richer than that median.
Fair Value models
Bear ₹0.2600Fair Value ₹0.4000Bull ₹0.4900
Price ₹1.39 · Upside -71.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0357 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+237.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+38.9%
Start year 2021 (pandemic). Over 10 years: +28.2% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.8% (2021) → −108.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 330 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−71.2% · Bottom 25%
Profitability
Return on assets−13.6% · Bottom 25%
Net margin (TTM)50.0% · Top 25%
Operating margin (TTM)99.0% · Top 25%
Growth and dividend
Revenue growth28.1% · Above median
Balance sheet
Debt / equity13.85× · Highest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/E (TTM)19.9× · Pricier than median
P/B3.23× · Priciest 25%
P/S (TTM)9.68× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 53
FUTURE (revenue growth)100· sector 52
PAST (return on equity)0· sector 32
HEALTH (low debt)0· sector 56
DIVIDEND (yield)0· sector 64
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Karnavati Finance Ltd (KARNAVATI) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹0.4000 versus a price of ₹1.39, about −71% upside (overvalued).
What is the fair value of KARNAVATI?
Our model-based fair value for Karnavati Finance Ltd is ₹0.4000 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹1.39.
What is the quality score of KARNAVATI?
Karnavati Finance Ltd has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Karnavati Finance Ltd (KARNAVATI)?
Our model-based price target is the fair value of ₹0.4000 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario ₹0.2600, optimistic scenario ₹0.4900. It is a calculation from audited fundamentals, not an analyst target.
What is the Karnavati Finance Ltd stock forecast for 2026?
Our models put fair value at ₹0.4000, about −71% upside versus a price of ₹1.39 (overvalued). Cautious scenario ₹0.2600, optimistic scenario ₹0.4900. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Karnavati Finance Ltd (KARNAVATI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Karnavati Finance Ltd it is ₹0.4000 per share (as of Sep 27, 2026), against a price of ₹1.39. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Karnavati Finance Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, KARNAVATI trades above its calculated fair value: price ₹1.39, fair value ₹0.4000, a gap of about −71% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KARNAVATI?
No. The price is what the market pays today (₹1.39); the fair value is what the company's own numbers justify (₹0.4000). For Karnavati Finance Ltd the two are ₹0.9900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Karnavati Finance Ltd worth?
The market values Karnavati Finance Ltd at about ₹140M (market capitalisation, as of Sep 27, 2026). Per share that is ₹1.39; our models calculate a fair value of ₹0.4000 per share.
What do the bullish and bearish scenarios say about KARNAVATI?
Our models span a range for Karnavati Finance Ltd: cautious scenario ₹0.2600, base ₹0.4000, optimistic ₹0.4900 per share (as of Sep 27, 2026, price ₹1.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KARNAVATI?
Karnavati Finance Ltd trades at a price-to-earnings ratio of 19.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹0.4000 is built from several models across several years. Other multiples: P/B 3.2, P/S 9.7.
How solid is the balance sheet of Karnavati Finance Ltd (KARNAVATI)?
Balance-sheet figures for Karnavati Finance Ltd (as of Sep 27, 2026): return on equity −81.1%, debt of 13.85 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is KARNAVATI from its 52-week high?
Karnavati Finance Ltd trades at ₹1.39, about 21% below its 52-week high of ₹1.76 and 25% above the low of ₹1.11 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.4000 is for.
Which stocks are comparable to Karnavati Finance Ltd?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Karnavati Finance Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price ₹1.39, calculated fair value ₹0.4000 (−71%), Quality Score 34/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KARNAVATI calculated?
We run Karnavati Finance Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹0.4000, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Karnavati Finance Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Karnavati Finance Ltd (KARNAVATI)?
The closing price on Oct 1, 2026 was ₹1.39. Our model-based fair value is ₹0.4000, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Karnavati Finance Ltd right now?
The price sits above even our optimistic bull case (₹0.4900). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹0.2600 to ₹0.4900) leaves room in how you read the outcome.
Key figures of Karnavati Finance Ltd
How large is the market capitalisation of Karnavati Finance Ltd (KARNAVATI)?
The market capitalisation of Karnavati Finance Ltd is ₹140M (≈ $1.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Karnavati Finance Ltd (KARNAVATI)?
The price-to-sales ratio of Karnavati Finance Ltd is 9.75 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Karnavati Finance Ltd (KARNAVATI)?
Earnings per share at Karnavati Finance Ltd are ₹0.0700 (price ÷ EPS = P/E 19.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Karnavati Finance Ltd (KARNAVATI)?
The net margin of Karnavati Finance Ltd is −111% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Karnavati Finance Ltd (KARNAVATI)?
The return on equity (ROE) of Karnavati Finance Ltd is −81.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Karnavati Finance Ltd (KARNAVATI)?
On an EBIT basis the return on assets of Karnavati Finance Ltd is 0.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Karnavati Finance Ltd (KARNAVATI)?
The operating margin of Karnavati Finance Ltd is 99.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Karnavati Finance Ltd (KARNAVATI)?
Revenue at Karnavati Finance Ltd is growing +28.1% versus a year earlier (3y avg +23.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Karnavati Finance Ltd (KARNAVATI)?
Earnings per share at Karnavati Finance Ltd are growing −8.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Karnavati Finance Ltd (KARNAVATI) generate?
The free cash flow of Karnavati Finance Ltd is −₹448M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Karnavati Finance Ltd (KARNAVATI) carry?
The net debt of Karnavati Finance Ltd is ₹598M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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