MarketFriction

Kamdhenu Ltd

NSE KAMDHENU · BSE 532741 · Iron & Steel Products
₹37.59 -1.29%
NSE close2026-10-01
52 week range16.15 - 43.70
Market cap₹1,084 Cr.
P/E12.7
Price band 20% Delivery 51.5%

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
Sales185155176185190175198196191169208213
Expenses172141160170174154174174168147173192
Operating Profit131416151621242124223421
OPM %7%9%9%8%9%12%12%11%12%13%17%10%
Other Income22876-20947-817
Interest000000000000
Depreciation111111111222
Profit before tax141522202117222926272436
Tax %25%26%25%23%24%27%24%25%27%22%28%21%
Net Profit101117151612172119211729
EPS in Rs0.380.410.620.560.570.450.620.760.660.740.621.02
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8418251,1801,232924625600732725747763781
Expenses8097921,1361,179879575545672665672662680
Operating Profit32334454455055605976101101
OPM %3.8%4.0%3.7%4.4%4.8%8%9%8%8%10%13%13%
Other Income0110-25-7-10213101120
Interest151413121214421011
Depreciation588789555566
Profit before tax12122435-02137556780106113
Tax %34%31%36%36%-518%28%27%25%25%24%26%
Net Profit881622215274150617886
EPS in Rs0.350.350.670.850.070.560.991.521.862.192.783.04
Dividend Payout %20%23%15%12%71%14%10%10%11%11%14%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-1%4%1%3%
Compounded Profit Growth25%29%24%28%
Stock Price CAGR29%29%10%39%
Return on Equity18%21%23%22%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232323232627272727272828
Reserves768292120155154168197140210289368
Borrowings991081068888127100944319
Other Liabilities858312214414615713614238445144
Total Liabilities283296344375415464431460208284368450
Fixed Assets484780749086919447454249
CWIP0000111100011
Investments3333369161484187276
Other Assets232246261298322371331349147155139114
Total Assets283296344375415464431460208284368450
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity512182125-35043671026966
Cash from Investing Activity-3-4-2-2-26-19-10-13-14-92-88-76
Cash from Financing Activity-1-8-17-18215-41-20-5518143
Net Cash Flow10-1-01-7-010-228-5-7
Free Cash Flow171618-1-174132621005655
CFO/OP38%51%71%68%70%-2%112%98%136%197%115%92%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days51627158668411712141272225
Inventory Days3040362622405963108126
Days Payable263150414263877413171913
Cash Conversion Cycle5471574346618911038191518
Working Capital Days192418232837597246221623
ROCE %13%13%12%16%19%13%15%17%23%33%29%30%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.74%58.74%58.74%57.04%49.83%49.83%49.83%49.12%49.03%49.03%49.03%49.03%
FIIs0.58%0.58%4.00%6.12%9.57%6.02%6.44%5.12%3.21%2.52%1.88%2.06%
DIIs0.39%0.19%0.19%0.18%0.18%0.01%0.01%0.33%0.01%0.01%0.01%0.03%
Public40.30%40.51%37.09%36.65%40.43%44.14%43.71%45.44%47.75%48.45%49.08%48.89%
No. of Shareholders17,04116,99617,16919,35921,27727,46337,47644,68948,57649,59850,77948,824

Fundamentals

Market Cap₹ 1,084 Cr.
Current Price₹ 38.4
Stock P/E12.7
Book Value₹ 14.1
ROCE29.5 %
ROE22.1 %
Dividend Yield1.04 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)28%
Standalone figures.
Valuation
Market capRs 1,060 Cr
Enterprise valueRs 1,041 Cr
P/E (TTM)12.38x
Price to book2.67x
Price to sales1.36x
EV / EBITDA8.63x
EV / EBIT9.11x
EV / sales1.33x
Price to cash flow16.06x
Earnings yield8.08%
Dividend yield1.06%
P/E, 3-year average7.49x
P/B, 3-year average1.47x
P/E, 5-year average5.14x
P/B, 5-year average1.01x
Profitability
Operating margin (excl. other income)13.28%
Operating margin (incl. other income)14.69%
EBITDA margin15.45%
Pre-tax margin14.51%
Net profit margin10.96%
Net margin, latest quarter13.45%
ROE21.99%
ROCE29.39%
ROA19.16%
ROE, 3-year average22.93%
ROCE, 3-year average30.40%
ROA, 3-year average19.39%
ROE, 5-year average20.51%
ROCE, 5-year average25.52%
ROA, 5-year average15.29%
ROIC (approx.)22.46%
Tax rate25.75%
Other income / net worth2.71%
Growth
Sales growth (latest year)2.13%
Profit growth (latest year)28.72%
Sales CAGR, 3 years1.41%
Sales CAGR, 5 years4.07%
Profit CAGR, 3 years24.07%
Profit CAGR, 5 years39.02%
Sales growth QoQ2.75%
Profit growth QoQ64.60%
Sales growth YoY (latest quarter)8.97%
Profit growth YoY (latest quarter)33.94%
Per share
EPS (TTM)Rs 3.04
EPS (latest year)Rs 2.78
EPS (latest quarter)Rs 1.02
EPS, 3-year averageRs 7.86
EPS, 5-year averageRs 9.75
Book value per shareRs 14.06
Sales per shareRs 27.71
Cash flow per shareRs 2.34
Free cash flow per shareRs 1.95
Dividend per share (latest year)Rs 0.40
Dividend per share, 3-year averageRs 0.88
Dividend per share, 5-year averageRs 1.03
Dividends
Dividend payout14.40%
Dividend payout, 3-year average12.18%
Dividend payout, 5-year average11.29%
Efficiency
Asset turnover1.70x
Fixed asset turnover15.66x
Inventory turnover62.80x
Inventory days6 days
Debtor days25 days
Debtors turnover14.52x
Creditor days13 days
Cash conversion cycle18 days
Working capital days23 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 28 Cr
Net debtRs -18 Cr
Debt to equity0.02x
Net debt / EBITDA-0.15x
Interest coverage119.07x
Current ratio (filing 2026-03-31)9.97x
Quick ratio (filing 2026-03-31)9.71x
Trade payables (filing 2026-03-31)Rs 19 Cr
Owners' fund to total sources88.17%
Debt to assets2.10%
Cash flow
Cash from Operating Activity (latest year)Rs 66 Cr
Cash from Investing Activity (latest year)Rs -76 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs -7 Cr
Free cash flow (latest year)Rs 55 Cr
FCFE (approx.: FCF + change in debt)Rs 63 Cr
Cash from ops / profit, 5 years1.35x
Sales to cash flow11.57x
Statement figures
Net sales (TTM)Rs 781 Cr
Net sales (latest year)Rs 763 Cr
Sales (latest quarter)Rs 213 Cr
Operating profit excl. other income (latest year)Rs 101 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 121 Cr
PBDT (TTM)Rs 120 Cr
Profit before tax (TTM)Rs 113 Cr
Tax (latest year)Rs 27 Cr
Net profit (TTM)Rs 86 Cr
Net profit (latest year)Rs 78 Cr
Net profit (latest quarter)Rs 29 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 557 Cr
Total expenditure (latest year)Rs 662 Cr
Total income (latest year)Rs 774 Cr
Share capitalRs 28 Cr
ReservesRs 368 Cr
Shareholders' fundsRs 396 Cr
Total assetsRs 450 Cr
Net blockRs 49 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 276 Cr
ReceivablesRs 53 Cr
InventoryRs 9 Cr
Other liabilitiesRs 44 Cr
Shares outstanding (crore)28.19
Ownership
Promoter holding49.03% (-0.09 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.4 is at the 19th percentile of its own 9.4-year range (median 30.4, low 5.9, high 236.6).
P/B 2.67 is at the 39th percentile (median 3.19).
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.
PeriodKAMDHENUNifty 50Difference
1 week-6.8%-2.8% -4.0 pts
1 month+4.0%-6.8% +10.7 pts
3 months+20.3%-7.6% +27.9 pts
6 months+117.4%+0.4% +117.0 pts
1 year+35.8%-9.9% +45.7 pts
2 years-38.3%-13.6% -24.7 pts
3 years+29.6%+14.2% +15.4 pts
5 years+62.2%+27.9% +34.3 pts
2 mutual fund schemes hold about ₹16 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.04%15
Samco Small Cap Fund0.09%0

Red flags

F-score 4 of 8
lookAuditor change Auditor change 2026-05-27: Kamdhenu Limited has informed the Exchange regarding Change in Auditors of the company.
lookRegulator order or action Regulator order or action 2026-01-02: Kamdhenu Limited has informed the Exchange about orders passed by GST Authority, Alwar, Rajasthan.
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 ₹213 Cr +8.7% vs Jun 2025. Net profit ₹29 Cr +38.1%.
Against our estimate for Jun 2026: sales +7.8%, profit +42.1% big beat. Our estimate for Sep 2026: sales Rs 204 Cr, profit Rs 23 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Re 0.40 Per Share
2025-09-18Dividend - Re 0.25 Per Share
2025-01-08Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2024-07-31Annual General Meeting/Dividend - Rs 2 Per Share
2023-08-14Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-09-06Demerger
2022-07-25Annual General Meeting/Dividend - Rs 1 Per Share
2021-09-08 Dividend - Rs 0.80 Per Share
2020-09-18 Annual General Meeting/Dividend - Rs 0.50 Per Share
2019-09-26 Dividend - Re 1 Per Share
2018-09-12 Annual General Meeting/Dividend Re 1 Per Share
2017-09-21 Annual General Meeting/Dividend-Re 0.80 Per Share (Date Revised)
2016-09-19 Annual General Meeting/ Dividend - Re 0.70/- Per Share (Book Closure Start Date Revised)
2015-09-21 Annual General Meeting/ Dividend - Re 0.70/- Per Share
2014-09-25Annual General Meeting
2013-09-13Annual General Meeting
2012-09-21Annual General Meeting/Dividend Re 0.50 Per Share
2011-09-19Annual General Meeting
2010-09-16Annual General Meeting
2009-09-17Annual General Meeting
2008-09-18Agm/Dividend - 8%
2007-09-20Agm
2006-09-14Agm
DateTypeWhat it says
2026-09-25Shareholder meetingVoting results.
2026-09-25Shareholder meetingThe outcome and proceedings of the 32nd Annual General Meeting held on September 25, 2026.
2026-09-10General UpdatesReport on Transfer cum Dematerialisation Requests of Physical Shares re-lodged under the special window.
2026-09-09General UpdatesThe opening of the Special Window for re-lodgement of transfer requests and dematerialization of physical shares of the Company.
2026-09-01General UpdatesIntimation of dispatch of letter to shareholders whose e-mail addresses are not registered with Company/Registrar & Transfer Agent/Depository Particip...
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-21General UpdatesThe submission of copies of newspapers with respect to the pre-dispatch intimation to shareholders of the 32nd Annual General Meeting and E-Voting.
2026-08-21General UpdatesCommunication sent to the shareholders w.r.t. TDS on dividend payout of financial year 2025-26.
2026-08-20Record DateRecord date for the purpose of Dividend is 18-Sep-2026.
2026-08-20General UpdatesIntimation of 32nd Annual General Meeting and Record Date.
2026-07-30Investor PresentationInvestor Presentation
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "Q1 FY27 FINANCIAL PERFORMANCE HIGHLIGHTS".
2026-07-29Board meeting outcomeKamdhenu Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-13General UpdatesQuarterly Business Update for the quarter ended 30th June, 2026.
2026-06-27Credit Rating- RevisionCredit Rating- Revision
2026-06-25General UpdatesIntimation sent to Shareholders for furnishing of PAN, KYC Details and Nomination Details.
2026-06-13General UpdatesIntimation of Letters sent to Shareholders regarding Shares to be transferred to IEPFA pursuant to Section 124(6) of Companies Act, 2013.
2026-06-12Disclosure under SEBI TakeovKamdhenu Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-12Disclosure under SEBI TakeovKamdhenu Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-04Concall / analyst meetTranscript
2026-05-29Concall / analyst meetLink of Recording
2026-05-29General UpdatesIntimation sent to Shareholders for Stellar FY26 Business & Financial Performance of the Company for FY26.
2026-05-27Investor PresentationInvestor Presentation
2026-05-27Press ReleaseA press release dated May 27, 2026, titled "Press Release-Financial Highlights for Q4 & FY26".
2026-05-27Change in AuditorsChange in Auditors of the company.
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.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of Kamdhenu Ltd?

Kamdhenu Ltd (KAMDHENU) has a market capitalisation of Rs 1,084 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kamdhenu Ltd?

Kamdhenu Ltd trades at a P/E of 12.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kamdhenu Ltd's latest quarterly results?

In the Jun 2026 quarter, Kamdhenu Ltd sales was Rs 213 Cr (+8.7% vs Jun 2025) and net profit was Rs 29 Cr.

What is the 52-week high and low of Kamdhenu Ltd?

The 52-week high is Rs 43.70 and the 52-week low is Rs 16.15.

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