- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹13 Cr4,415th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Aug 2026
- 18.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 3.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- 10.1%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 3.33%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 10.91%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 0.00%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- −13.59%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 5.97times net worth
- Volume, BSEVolume. Shares traded on the last trading day.
- 6,148
Who owns Karnavati Finance, filing by filing
Per cent of the company's shares. Every filing on record, from Sep 2017; the latest is the filing for Sep 2026.
Sep 2026 filing
- Promoters62.56%
- Individuals and others37.44%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Individuals and others
| Per cent | Sep 2017Filed 10 Oct | Dec 2017Filed 11 Jan | Mar 2018Filed 14 Apr | Jun 2018Filed 15 Jul | Sep 2018Filed 15 Oct | Dec 2018Filed 20 Jan | Mar 2019Filed 15 Apr | Jun 2019Filed 17 Jul | Sep 2019Filed 2 Nov | Dec 2019Filed 10 Jan | Mar 2020Filed 17 Apr | Jun 2020Filed 21 Jul | Sep 2020Filed 19 Oct | Dec 2020Filed 1 Feb | Mar 2021Filed 19 Apr | Jun 2021Filed 16 Jul | Sep 2021Filed 18 Oct | Dec 2021Filed 17 Jan | Mar 2022Filed 20 Apr | Jun 2022Filed 21 Jul | Sep 2022Filed 20 Oct | Dec 2022Filed 18 Jan | Mar 2023Filed 19 Apr | Jun 2023Filed 20 Jul | Sep 2023Filed 16 Oct | Dec 2023Filed 19 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 20 Jul | Sep 2024Filed 24 Oct | Dec 2024Filed 20 Jan | Mar 2025Filed 20 Apr | Jun 2025Filed 22 Jul | Sep 2025Filed 15 Oct | Dec 2025Filed 21 Jan | Mar 2026Filed 20 Apr | Jun 2026Filed 11 Jul | Sep 2026Filed 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57.93% | 57.93% | 57.93% | 57.93% | 57.93% | 57.93% | 58.54% | 58.54% | 58.54% | 58.59% | 58.59% | 58.59% | 58.59% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.94% | 62.06% | 62.06% | 62.56% | |
| Indian promoters | 57.93% | 57.93% | 57.93% | 57.93% | 57.93% | 57.93% | 58.54% | 58.54% | 58.54% | 58.59% | 58.59% | 58.59% | 58.59% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.64% | 58.94% | 62.06% | 62.06% | 62.56% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. | 42.07% | 42.07% | 42.07% | 42.07% | 42.07% | 42.07% | 41.46% | 41.46% | 41.46% | 41.41% | 41.41% | 41.41% | 41.41% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.36% | 41.06% | 37.94% | 37.94% | 37.44% |
| Shares in issue | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 1,00,50,000 | 10,05,00,000what Shares in issue, Mar 2023, includes. Split on 24 Feb 2023: each share became 10. Earlier filings count the shares before it. | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 | 10,05,00,000 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. | 67,51,400 | 67,51,400 | 16,90,000 | 16,90,000 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Promoters' shares locked in | 55,03,900 | 55,03,900 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | 4,42,500 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Karnavati Finance promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is RAMAN P MORZARIA, 31.49%.Promoter buying and selling
| Holder | ||
|---|---|---|
| RAMAN P MORZARIAIndividuals and Hindu undivided families | 31.49% | 3,16,45,929 |
| KUSH RAMANBHAI MORZARIAIndividuals and Hindu undivided families | 16.39% | 1,64,73,784 |
| MORZARIA JAY RIndividuals and Hindu undivided families | 11.52% | 1,15,73,500 |
| DAXABEN R MORZARIAIndividuals and Hindu undivided families | 2.93% | 29,40,000 |
| MIDAS IMPEX PRIVATE LIMITEDIndian companies, trusts and others | 0.24% | 2,39,000 |
No promoter shares are reported as pledged.
Largest public holders of Karnavati Finance, filing by filing
Per cent, on the same shares as the split above.
| Holder | Sep 2017Filed 10 Oct | Dec 2017Filed 11 Jan | Mar 2018Filed 14 Apr | Jun 2018Filed 15 Jul | Sep 2018Filed 15 Oct | Dec 2018Filed 20 Jan | Mar 2019Filed 15 Apr | Jun 2019Filed 17 Jul | Sep 2019Filed 2 Nov | Dec 2019Filed 10 Jan | Mar 2020Filed 17 Apr | Jun 2020Filed 21 Jul | Sep 2020Filed 19 Oct | Dec 2020Filed 1 Feb | Mar 2021Filed 19 Apr | Jun 2021Filed 16 Jul | Sep 2021Filed 18 Oct | Dec 2021Filed 17 Jan | Mar 2022Filed 20 Apr | Jun 2022Filed 21 Jul | Sep 2022Filed 20 Oct | Dec 2022Filed 18 Jan | Mar 2023Filed 19 Apr | Jun 2023Filed 20 Jul | Sep 2023Filed 16 Oct | Dec 2023Filed 19 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 20 Jul | Sep 2024Filed 24 Oct | Dec 2024Filed 20 Jan | Mar 2025Filed 20 Apr | Jun 2025Filed 22 Jul | Sep 2025Filed 15 Oct | Dec 2025Filed 21 Jan | Mar 2026Filed 20 Apr | Jun 2026Filed 11 Jul | Sep 2026Filed 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| THEETA TRADING LLPOther non-institutions | – | – | – | – | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | – | – | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% |
| SANJAYKUMAR JIVANBHAI BHATIYAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.80% | 2.80% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% |
| MADHUSUDAN MASALA LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.39% | 2.39% | 2.39% |
| DILIPBHAI BHAGATResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
| NITABEN B MANDALIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 1.19% | 1.20% | 1.20% | 1.20% | 1.25% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| BHAVESH U MANDALIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 1.73% | 1.79% | 1.79% | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% | 1.79% | 1.79% | 1.80% | 1.80% | 1.80% | 1.80% | 1.77% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.40% | 1.10% | 1.10% | 1.10% |
| BEELINE CONSULTANCY SERVICES PRIVATE LIMOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.73% | – | – | – |
| BEELINE CONSULTANCY SERVICES PRIVATE LIMTEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.73% | – | – | – | – |
| BEELINE CONSULTANCY SERVICES PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.73% | 6.73% | – | – | – | – | – |
| INVESTINO VENTURE LLPOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% | – | – | – | – | – |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.73% | 6.73% | – | – | – | – | – | – | – |
| BEELINE MERCHANT BANKING PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.55% | 6.64% | 6.64% | 6.74% | 6.68% | 6.68% | 6.73% | 6.73% | 6.73% | 6.73% | 6.73% | 6.73% | 6.73% | 6.73% | – | – | – | – | – | – | – | – | – |
| AMNESTI MULTISERVICES PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.70% | 1.86% | 1.67% | 1.29% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| BHAGAT DILIPBHAIResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| CHETAN ANANTRAI PATELResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| PRAVIN J DADLIKAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| ASHOKKUMAR PANNALAL LAVTIResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MITESH NATHULAL LAVTIResident individuals, over ₹2 lakh at face value | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| CHETAN MANILAL TANNAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| JAYSHREE MANISH TANNAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MANISH MANILAL TANNAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| PRAKASHCHANDRA PANNALAL LAVTIResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SHEETAL CHETAN TANNAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MAHESH K SHAH HUFOther non-institutions | – | – | – | – | – | – | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NIKHIL M SHAH HUFOther non-institutions | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% | – | – | 2.50% | 2.50% | 2.50% | 2.30% | – | 2.30% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NIKHIL M SHAHOther non-institutions | – | – | – | – | – | – | 3.72% | 2.50% | – | – | – | – | 2.30% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NNM SECURITIES PVT LTDOther non-institutions | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MAHESHKUMAR KANTILAL SHAHOther non-institutions | – | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| DILIP V BHAGATResident individuals, over ₹2 lakh at face value | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| ASHOK P LAVTIResident individuals, over ₹2 lakh at face value | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MAHESHKUMAR KANTILAL SHAH HUFOther non-institutions | 4.22% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.