SHREEKARNI
Shree Karni financials
- Market cap
- ₹275 Cr
- Sector
- Textiles
- Calls analysed
- 1
Shree Karni Q2 FY26
What went well
- Revenue from operations of ₹107 crores, up 40.73% YoY, indicating strong demand.
- EBITDA grew 45% YoY to ₹10.86 crores, with EBITDA margin improving to 10.15% from 9.85% last year.
- PAT grew robustly by 26.77% to ₹6.17 crores.
What to watch
- H1 EBITDA margins were lower than H2, with management expecting a 6-7% higher margin in H2 due to seasonality, a trend observed in previous years.
- Tariff impact on business was acknowledged, though management stated it was not 'very big' and expected the tariff war to end soon.
Guidance record · Q2 FY26
what the last two calls moved 9 tracked 0 delivered 0 missed 9 open- Year-on-year revenue growth open said Q2 FY26 Promised: at least 25% year-to-year Q2 FY26: Target set for minimum 25% YoY growth.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 37.1%, net profit down 18.2% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 61 | 70 | 76 | 90 | 107 +75% | 96 +37% |
| EBITDA | 7 | 14 | 7 | 16 | 11 +57% | 16 +14% |
| Net profit | 2 | 11 | 5 | 10 | 6 +200% | 9 −18% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −27.6% 1Y
1Y: ₹526 on 10 Sept 2025 → ₹381. High ₹677.55 (30 Sept 2025), low ₹322.05 (17 Aug 2026).
How the price took the results
close before → close after
- Q2 FY26
- −3.2%
- 24 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | — | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | — | ₹59 Cr | ₹100 Cr | ₹109 Cr |
| Borrowings | — | ₹50 Cr | ₹84 Cr | ₹74 Cr |
| Other liabilities | — | ₹12 Cr | ₹41 Cr | ₹34 Cr |
| Total liabilities | — | ₹128 Cr | ₹232 Cr | ₹224 Cr |
| Fixed assets | — | ₹25 Cr | ₹102 Cr | ₹82 Cr |
| Capital work in progress | — | ₹3 Cr | ₹1 Cr | ₹0 Cr |
| Investments | — | ₹4 Cr | ₹3 Cr | ₹7 Cr |
| Other assets | — | ₹97 Cr | ₹126 Cr | ₹135 Cr |
| Total assets | — | ₹128 Cr | ₹232 Cr | ₹224 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Apr 2025, the public added +0.84 pp while DIIs trimmed −0.77 pp. The shareholder count grew 17% to 1,129.
- Promoters
- 69.2%
- DIIs
- 1.7%
- Public
- 29.1%
Since Apr 2025
- Public +0.84 pp
- DIIs −0.77 pp
- FIIs −0.04 pp
How it drifted, 6 quarters
Over this window the public went from 20.9% to 29.1% — +8.2 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 70.7%, FIIs 5.0%, DIIs 3.4%, Public 20.9%.Sep '24: Promoters 70.7%, FIIs 0.1%, DIIs 1.8%, Public 27.4%.Mar '25: Promoters 70.8%, FIIs 0.0%, DIIs 1.8%, Public 27.4%.Apr '25: Promoters 69.2%, FIIs 0.0%, DIIs 2.5%, Public 28.2%.Sep '25: Promoters 69.3%, DIIs 1.9%, Public 28.9%.Mar '26: Promoters 69.2%, DIIs 1.7%, Public 29.1%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Raunak Dhanania +0.29 pp 1.77% held
- Bhavna Karnani newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Shree Karni above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Raj Kumar Agarwal | 17.29% | unchanged |
| Radhe Shyam Daga | 17.29% | unchanged |
| Rajiv Lakhotia | 17.29% | unchanged |
| Manoj Kumar Karnani | 17.29% | unchanged |
| Raunak Dhanania | 1.77% | +0.29 pp |
| Niveshaay Hedgehogs Fund AIF | 1.53% | unchanged |
| Garima Agarwal | 1.41% | unchanged |
| Sweta Gupta | 0.01% | unchanged |
| Srooty Agarwal | 0.01% | unchanged |
| Madhu Rathi | 0.01% | unchanged |
| Saran Kumar Lahoti | 0.00% | unchanged |
| Radheyshyam Lahoti | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Shree Karni
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