MarketFriction

Kay Power & Paper Ltd

BSE 530255 · Paper & Paper Products
₹9.76 -3.17%
BSE close2026-10-01
Market cap₹33.6 Cr.
P/E31.4

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8.199.0911.2310.148.809.3412.167.127.634.754.895.89
Expenses8.148.6211.0611.369.018.9011.037.067.244.483.155.30
Operating Profit0.050.470.17-1.22-0.210.441.130.060.390.271.740.59
OPM %0.61%5.17%1.51%-12.03%-2.39%4.71%9.29%0.84%5.11%5.68%35.58%10.02%
Other Income0.440.281.431.650.630.040.100.300.000.000.250.05
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.210.210.940.390.390.390.270.350.370.360.930.50
Profit before tax0.280.540.660.040.030.090.960.010.02-0.091.060.14
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit0.280.540.660.040.030.090.960.010.02-0.091.060.13
EPS in Rs0.260.510.620.040.010.040.430.000.01-0.030.300.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales33.6533.0439.7037.1827.6319.0032.9641.7034.5339.2023.8523.16
Expenses33.2133.7238.2935.1427.4520.5832.0540.0834.0639.0721.3820.17
Operating Profit0.44-0.681.412.040.18-1.580.911.620.470.132.472.99
OPM %1.31%-2.06%3.55%5.49%0.65%-8.32%2.76%3.88%1.36%0.33%10.36%12.91%
Other Income1.953.870.230.180.872.490.030.642.592.420.550.30
Interest0.000.410.121.310.200.010.020.020.01-0.010.000.00
Depreciation0.790.910.860.830.840.840.830.831.561.442.012.16
Profit before tax1.601.870.660.080.010.060.091.411.491.121.011.13
Tax %0.00%0.00%0.00%25.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit1.591.870.660.070.000.060.091.411.491.131.011.12
EPS in Rs1.491.760.620.070.000.060.081.331.400.510.290.32
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-3%5%-17%-38%
Compounded Profit Growth-4%76%-11%-2%
Stock Price CAGR10%23%9%-32%
Return on Equity%5%4%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital10.6410.6410.6410.6410.6410.6410.6410.6410.6410.6422.0934.94
Reserves-5.08-3.49-10.97-10.31-10.24-10.24-10.18-10.08-8.68-7.1727.8445.01
Borrowings31.4526.9823.0312.459.8118.2518.1919.6730.0827.250.840.18
Other Liabilities2.6712.1124.6327.8320.403.054.024.4813.224.3611.562.69
Total Liabilities39.6846.2447.3340.6130.6121.7022.6724.7145.2635.0862.3382.82
Fixed Assets32.5038.9138.1719.9514.3313.5212.6911.8511.0227.7441.6039.44
CWIP0.000.000.003.000.000.000.000.0011.910.000.005.32
Investments0.160.020.000.000.000.000.000.000.000.000.100.10
Other Assets7.027.319.1617.6616.288.189.9812.8622.337.3420.6337.96
Total Assets39.6846.2447.3340.6130.6121.7022.6724.7145.2635.0862.3382.82
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5.0311.534.016.104.500.780.56-1.140.519.31-3.58-23.04
Cash from Investing Activity0.00-7.20-0.17-1.39-1.73-0.030.000.00-11.91-6.36-15.30-5.17
Cash from Financing Activity-4.97-4.33-3.95-10.58-2.73-0.850.001.5010.41-2.8318.8328.35
Net Cash Flow0.060.00-0.11-5.870.03-0.100.560.36-0.990.12-0.040.14
Free Cash Flow5.034.333.844.712.770.750.56-1.14-11.402.95-18.88-28.21
CFO/OP-208%2,620%-590%433%221%433%-35%-125%31%1,981%-2,754%-933%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days28.2338.8333.1440.0932.6941.4848.7936.7718.1230.9748.2376.21
Inventory Days53.2034.6326.7033.0145.3685.20121.1191.2139.8025.1633.7035.94
Days Payable32.03155.83202.84217.59143.8653.0686.0654.08147.3059.80141.2165.56
Cash Conversion Cycle49.40-82.37-143.00-144.50-65.8173.6283.8473.90-89.39-3.66-59.2846.60
Working Capital Days43.03-60.63-76.78-16.3742.6158.6591.2566.11-50.598.35-24.1278.51
ROCE %0.18%4.50%8.02%93.18%11.66%-4.64%0.38%0.57%5.47%4.78%2.72%1.54%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.83%44.83%44.83%44.83%46.04%46.04%46.04%46.04%46.04%51.00%51.00%51.00%
Public55.17%55.17%55.17%55.17%53.97%53.98%53.98%53.96%53.97%49.00%49.00%48.99%
No. of Shareholders6,1436,2376,2166,5366,8656,9886,9677,1807,2847,4597,6247,579

Fundamentals

Market Cap₹ 33.6 Cr.
Current Price₹ 9.60
Stock P/E31.4
Book Value₹ 22.9
ROCE1.54 %
ROE1.56 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-38%
Compounded Profit Growth (TTM)-2%
Standalone figures.
Valuation
Market capRs 34 Cr
Enterprise valueRs 34 Cr
P/E (TTM)30.45x
Price to book0.43x
Price to sales1.47x
EV / EBITDA10.33x
EV / EBIT30.08x
EV / sales1.47x
Earnings yield3.28%
P/E, 3-year average33.59x
P/B, 3-year average5.07x
P/E, 5-year average34.44x
P/B, 5-year average6.04x
Profitability
Operating margin (excl. other income)10.36%
Operating margin (incl. other income)12.66%
EBITDA margin14.21%
Pre-tax margin4.88%
Net profit margin4.84%
Net margin, latest quarter2.21%
ROE1.56%
ROCE1.54%
ROA1.39%
ROE, 3-year average20.22%
ROCE, 3-year average3.02%
ROA, 3-year average2.47%
ROE, 5-year average38.04%
ROCE, 5-year average3.02%
ROA, 5-year average2.37%
ROIC (approx.)1.42%
Other income / net worth0.69%
Growth
Sales growth (latest year)-39.16%
Profit growth (latest year)-10.62%
Sales CAGR, 3 years-16.99%
Sales CAGR, 5 years4.65%
Profit CAGR, 3 years-10.53%
Profit CAGR, 5 years75.89%
Sales growth QoQ20.45%
Profit growth QoQ-87.74%
Sales growth YoY (latest quarter)-17.28%
Profit growth YoY (latest quarter)1200.00%
Per share
EPS (TTM)Rs 0.32
EPS (latest year)Rs 0.29
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs 0.73
EPS, 5-year averageRs 0.72
Book value per shareRs 22.88
Sales per shareRs 6.63
Cash flow per shareRs -6.59
Free cash flow per shareRs -8.07
Efficiency
Asset turnover0.29x
Fixed asset turnover0.60x
Inventory turnover13.65x
Inventory days27 days
Debtor days76 days
Debtors turnover4.79x
Creditor days66 days
Cash conversion cycle47 days
Working capital days79 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Debt to equity0.00x
Net debt / EBITDA-0.03x
Owners' fund to total sources96.53%
Debt to assets0.22%
Cash flow
Cash from Operating Activity (latest year)Rs -23 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 28 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -28 Cr
FCFE (approx.: FCF + change in debt)Rs -29 Cr
Cash from ops / profit, 5 years-3.50x
Statement figures
Net sales (TTM)Rs 23 Cr
Net sales (latest year)Rs 24 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 19 Cr
Total expenditure (latest year)Rs 21 Cr
Total income (latest year)Rs 24 Cr
Share capitalRs 35 Cr
ReservesRs 45 Cr
Shareholders' fundsRs 80 Cr
Total assetsRs 83 Cr
Net blockRs 39 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 0 Cr
ReceivablesRs 5 Cr
InventoryRs 1 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)3.49
Ownership
Promoter holding51.00% (+4.96 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 30.4 is at the 28th percentile of its own 9.0-year range (median 64.1, low 8.7, high 391.9).
P/B 0.43 is at the 2th percentile (median 25.94).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period530255Nifty 50Difference
1 week-2.3%-2.8% +0.5 pts
1 month+2.0%-6.8% +8.8 pts
3 months+8.3%-7.6% +15.9 pts
3 years+37.1%+14.2% +22.9 pts
5 years+179.7%+27.9% +151.8 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -477% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 29% of total assets in 2026
explainReceivables outrunning sales Receivables grew -4% vs sales -39% in 2026
explainShare dilution Share count up 58% in a year, 229% in three
lookProfit leans on other income Other income was 54% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹6 Cr -17.3% vs Jun 2025. Net profit ₹0 Cr +1200.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Kay Power & Paper Ltd?

Kay Power & Paper Ltd (530255) has a market capitalisation of Rs 33.6 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kay Power & Paper Ltd?

Kay Power & Paper Ltd trades at a P/E of 31.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kay Power & Paper Ltd's latest quarterly results?

In the Jun 2026 quarter, Kay Power & Paper Ltd sales was Rs 6 Cr (-17.3% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03