Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 1.57 | 0.00 | 0.00 | 0.00 | 2.81 | 5.99 | 7.00 | 8.79 | 9.66 | 9.76 |
| Expenses | 0.03 | 0.04 | 1.60 | 0.04 | 0.02 | 0.29 | 5.45 | 5.79 | 7.03 | 8.06 | 9.78 | 9.31 |
| Operating Profit | -0.03 | -0.04 | -0.03 | -0.04 | -0.02 | -0.29 | -2.64 | 0.20 | -0.03 | 0.73 | -0.12 | 0.45 |
| OPM % | -1.91% | -93.95% | 3.34% | -0.43% | 8.30% | -1.24% | 4.61% | |||||
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.32 | 0.00 | 0.04 | 0.01 | 0.01 | 0.21 |
| Interest | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.03 | -0.04 | -0.09 | -0.04 | 0.04 | -0.29 | -2.44 | 0.20 | 0.01 | 0.74 | -0.11 | 0.66 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 25.00% | 0.00% | 21.62% | 9.09% | 24.24% |
| Net Profit | -0.03 | -0.04 | -0.09 | -0.04 | 0.04 | -0.29 | -2.44 | 0.15 | 0.01 | 0.57 | -0.12 | 0.50 |
| EPS in Rs | -0.03 | -0.04 | -0.09 | -0.04 | 0.04 | -0.28 | -2.38 | 0.15 | 0.01 | 0.56 | -0.12 | 0.49 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.64 | 5.27 | 1.46 | 0.15 | 0.06 | 0.00 | 12.26 | 33.55 | 1.57 | 2.81 | 31.44 | 35.21 |
| Expenses | 5.09 | 5.65 | 1.78 | 0.44 | 0.21 | 0.08 | 17.36 | 56.65 | 1.72 | 5.81 | 30.67 | 34.18 |
| Operating Profit | -0.45 | -0.38 | -0.32 | -0.29 | -0.15 | -0.08 | -5.10 | -23.10 | -0.15 | -3.00 | 0.77 | 1.03 |
| OPM % | -9.70% | -7.21% | -21.92% | -193.33% | -250.00% | -41.60% | -68.85% | -9.55% | -106.76% | 2.45% | 2.93% | |
| Other Income | 0.63 | 0.53 | 0.52 | 0.47 | 0.23 | 0.11 | 0.31 | 0.17 | 0.01 | 0.38 | 0.06 | 0.27 |
| Interest | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.06 | 0.12 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.17 | 0.15 | 0.20 | 0.18 | 0.08 | 0.03 | -4.79 | -22.96 | -0.20 | -2.74 | 0.83 | 1.30 |
| Tax % | 29.41% | 33.33% | 25.00% | 27.78% | 25.00% | 33.33% | 0.00% | 0.00% | 0.00% | 0.00% | 26.51% | |
| Net Profit | 0.12 | 0.11 | 0.15 | 0.13 | 0.06 | 0.02 | -4.79 | -22.96 | -0.20 | -2.74 | 0.62 | 0.96 |
| EPS in Rs | 0.12 | 0.11 | 0.15 | 0.13 | 0.06 | 0.02 | -4.67 | -22.40 | -0.20 | -2.67 | 0.60 | 0.94 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 21% | % | -2% | 300% | ||
| Compounded Profit Growth | 18% | 99% | 27% | 138% | ||
| Stock Price CAGR | -22% | % | % | -53% | ||
| Return on Equity | -7% | -19% | -3% | 3% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 |
| Reserves | 42.06 | 42.17 | 42.28 | 42.43 | 42.56 | 42.62 | 42.64 | 37.85 | 14.89 | 14.69 | 11.95 | 12.57 |
| Borrowings | 1.31 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 2.04 | 0.61 | 0.13 | 75.22 |
| Other Liabilities | 0.24 | 0.53 | 0.88 | 0.11 | 0.12 | 0.11 | 0.16 | 0.33 | 0.17 | 0.04 | 2.04 | 11.54 |
| Total Liabilities | 53.86 | 53.95 | 53.41 | 52.79 | 52.93 | 52.98 | 53.05 | 48.45 | 27.35 | 25.59 | 24.37 | 109.58 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| 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 |
| Investments | 28.89 | 29.53 | 29.53 | 29.53 | 0.00 | 0.00 | 0.00 | 1.92 | 5.52 | 5.58 | 3.36 | 1.92 |
| Other Assets | 24.97 | 24.42 | 23.88 | 23.26 | 52.93 | 52.98 | 53.05 | 46.53 | 21.83 | 20.01 | 21.01 | 107.65 |
| Total Assets | 53.86 | 53.95 | 53.41 | 52.79 | 52.93 | 52.98 | 53.05 | 48.45 | 27.35 | 25.59 | 24.37 | 109.58 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.43 | -0.45 | 0.07 | -0.31 | -0.12 | -0.03 | -33.85 | -9.73 | 1.49 | 0.36 | 77.67 | |
| Cash from Investing Activity | 0.26 | 0.33 | 0.06 | 0.28 | 0.11 | 0.01 | 33.88 | 9.71 | -0.05 | 0.36 | -2.81 | |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.43 | -0.47 | -75.09 | |
| Net Cash Flow | -0.17 | -0.11 | 0.13 | -0.03 | -0.01 | -0.02 | 0.03 | -0.02 | 0.00 | 0.25 | -0.22 | |
| Free Cash Flow | -0.43 | -0.45 | 0.07 | -0.31 | -0.12 | -0.03 | -33.85 | -9.73 | 1.49 | 0.36 | 77.67 | |
| CFO/OP | 126% | 89% | -32% | 90% | 47% | 12% | 664% | 42% | -993% | -12% | 10,087% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11.03 | 32.25 | 18.70 | 45.00 | 413.67 | 851.67 | 44.66 | 37.75 | 441.72 | 532.56 | 26.93 | |
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 33.97 | |
| Days Payable | 135.87 | |||||||||||
| Cash Conversion Cycle | 11.03 | 32.25 | 18.70 | 45.00 | 413.67 | 851.67 | 44.66 | 37.75 | 441.72 | 532.56 | -74.97 | |
| Working Capital Days | -65.18 | 1,799.04 | 1,582.59 | 5,770.00 | 56,575.00 | 141,863.33 | 870.52 | 145.56 | 3,045.54 | 1,453.51 | 155.80 | |
| ROCE % | 0.38% | 0.34% | 0.28% | 0.38% | 0.34% | 0.15% | 0.06% | -9.48% | -60.90% | -0.53% | -10.94% | 1.38% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% | 20.53% |
| Public | 79.48% | 79.48% | 79.48% | 79.47% | 79.47% | 79.47% | 79.47% | 79.47% | 79.48% | 79.49% | 79.48% | 79.47% |
| No. of Shareholders | 5,703 | 5,703 | 5,703 | 5,703 | 5,703 | 5,704 | 5,704 | 5,704 | 5,579 | 5,435 | 5,364 | 5,375 |
Fundamentals
Market Cap₹ 7.70 Cr.
Current Price₹ 7.51
Stock P/E8.02
Book Value₹ 22.3
ROCE1.38 %
ROE2.75 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)300%
Compounded Profit Growth (TTM)138%
Standalone figures.
Valuation
Market capRs 9 Cr
Enterprise valueRs 84 Cr
P/E (TTM)9.60x
Price to book0.40x
Price to sales0.26x
EV / EBITDA64.93x
EV / EBIT64.93x
EV / sales2.40x
Price to cash flow0.12x
Earnings yield10.42%
P/E, 3-year average13.39x
P/B, 3-year average0.17x
P/E, 5-year average13.39x
P/B, 5-year average0.12x
Profitability
Operating margin (excl. other income)2.45%
Operating margin (incl. other income)2.64%
EBITDA margin3.69%
Pre-tax margin3.69%
Net profit margin2.73%
Net margin, latest quarter5.12%
ROE2.75%
ROCE1.38%
ROA0.93%
ROE, 3-year average-3.22%
ROCE, 3-year average-3.37%
ROA, 3-year average-3.60%
ROE, 5-year average-16.37%
ROCE, 5-year average-16.10%
ROA, 5-year average-16.16%
ROIC (approx.)0.97%
Tax rate26.51%
Other income / net worth0.26%
Growth
Sales growth (latest year)1018.86%
Sales CAGR, 3 years-2.14%
Profit CAGR, 5 years98.73%
Sales growth QoQ1.04%
Sales growth YoY (latest quarter)62.94%
Profit growth YoY (latest quarter)233.33%
Per share
EPS (TTM)Rs 0.94
EPS (latest year)Rs 0.60
EPS (latest quarter)Rs 0.49
EPS, 3-year averageRs -0.75
EPS, 5-year averageRs -5.87
Book value per shareRs 22.26
Sales per shareRs 34.35
Cash flow per shareRs 75.78
Free cash flow per shareRs 75.78
Efficiency
Asset turnover0.29x
Fixed asset turnover3144.00x
Inventory turnover10.75x
Inventory days34 days
Debtor days27 days
Debtors turnover13.55x
Creditor days136 days
Cash conversion cycle-75 days
Working capital days156 days
Leverage
Total debtRs 75 Cr
Cash and bankRs 0 Cr
Net debtRs 75 Cr
Debt to equity3.30x
Net debt / EBITDA57.84x
Owners' fund to total sources20.82%
Debt to assets68.64%
Cash flow
Cash from Operating Activity (latest year)Rs 78 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -75 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 78 Cr
FCFE (approx.: FCF + change in debt)Rs 153 Cr
Sales to cash flow0.40x
Statement figures
Net sales (TTM)Rs 35 Cr
Net sales (latest year)Rs 31 Cr
Sales (latest quarter)Rs 10 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 30 Cr
Total expenditure (latest year)Rs 31 Cr
Total income (latest year)Rs 32 Cr
Share capitalRs 10 Cr
ReservesRs 13 Cr
Shareholders' fundsRs 23 Cr
Total assetsRs 110 Cr
Net blockRs 0 Cr
InvestmentsRs 2 Cr
ReceivablesRs 2 Cr
InventoryRs 3 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)1.02
Ownership
Promoter holding20.53% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.6 is at the 10th percentile of its own 2.5-year range
(median 15.7, low 7.4, high 295.9).
P/B 0.40 is at the 63th percentile (median 0.34).
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.
| Period | 539014 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +12.4% | -2.8% | +15.2 pts |
| 1 month | +3.9% | -6.8% | +10.7 pts |
| 3 months | -4.4% | -7.6% | +3.3 pts |
| 3 years | +425.7% | +14.2% | +411.6 pts |
| 5 years | +425.7% | +27.9% | +397.8 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
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 2026Sales ₹10 Cr +62.9% vs Jun 2025.
Net profit ₹0 Cr +233.3%.
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 Kalpa Commercial Ltd?
Kalpa Commercial Ltd (539014) has a market capitalisation of Rs 7.70 Cr. at the 2026-10-01 close.
What is the P/E ratio of Kalpa Commercial Ltd?
Kalpa Commercial Ltd trades at a P/E of 8.02 on trailing twelve-month profit, at the 2026-10-01 close.
What were Kalpa Commercial Ltd's latest quarterly results?
In the Jun 2026 quarter, Kalpa Commercial Ltd sales was Rs 10 Cr (+62.9% vs Jun 2025) and net profit was Rs 0 Cr.