MarketFriction

Kanohar Electricals Ltd

NSE KANOHAR · BSE 544911 · Heavy Electrical Equipment
₹906.35 +5.79%
NSE close2026-10-01
52 week range685.10 - 937.70
Market cap₹6,832 Cr.
P/E52.6
IPO 2026 · +43% since Results 06-10 Price band 20% Delivery 14.5%

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 2025
Sales166
Expenses123
Operating Profit43
OPM %26%
Other Income5
Interest5
Depreciation1
Profit before tax42
Tax %26%
Net Profit31
EPS in Rs4.12
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales127104118617962168236311277451654
Expenses9989103587559153207276246357473
Operating Profit2816153431529353193181
OPM %22%15%13%4.8%5.0%5%9%12%11%11%21%28%
Other Income111333423479
Interest3122225456913
Depreciation112222333333
Profit before tax2614123331125302688174
Tax %30%30%25%18%37%34%30%27%26%31%26%25%
Net Profit18109222818221865130
EPS in Rs25.9324.215.063.834.8320.8249.6259.9147.72174.9617.43
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%31%28%45%
Compounded Profit Growth%76%80%100%
Stock Price CAGR%%%%
Return on Equity%26%31%42%
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4444444444415
Reserves556481838486127145168174239358
Borrowings253129151118271220433339
Other Liabilities2733301215248376101102156202
Total Liabilities110132143114114133241237293323432614
Fixed Assets202228272626292626263131
CWIP2500000000114
Investments000000000000
Other Assets881051158688106212211266297399568
Total Assets110132143114114133241237293323432614
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity46-4-1144-1562024-23-167926
Cash from Investing Activity-9-7-3-1-20-0-1-3-13-62-22
Cash from Financing Activity-1564-14-5010-16712-18-4
Net Cash Flow22-4-1029-226308-18-170-0
Free Cash Flow37-10-1443-1562024-25-187123
CFO/OP190%29%-47%1,507%-383%179%135%83%-65%-30%104%39%
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days10818017612118827210969104115158118
Inventory Days498911490109153151888515552104
Days Payable437280312358181971111108791
Cash Conversion Cycle114197211180274367796177160123131
Working Capital Days1121822322072583243438678996127
ROCE %35%17%13%4%5%5%18%20%16%39%54%
Sep 2026
Promoters74.65%
FIIs2.19%
DIIs11.46%
Public11.70%
No. of Shareholders2,62,241

Fundamentals

Market Cap₹ 6,832 Cr.
Current Price₹ 863
Stock P/E52.6
Book Value₹
ROCE54.3 %
ROE42.2 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)45%
Compounded Profit Growth (TTM)100%
Standalone figures.
Valuation
Market capRs 6,747 Cr
Enterprise valueRs 6,690 Cr
P/E (TTM)52.01x
Price to book18.10x
Price to sales10.32x
EV / EBITDA35.32x
EV / EBIT35.88x
EV / sales10.23x
Price to cash flow261.10x
Earnings yield1.92%
Profitability
Operating margin (excl. other income)27.64%
Operating margin (incl. other income)28.97%
EBITDA margin28.97%
Pre-tax margin26.55%
Net profit margin19.84%
ROE42.12%
ROCE54.24%
ROA24.80%
ROE, 3-year average27.73%
ROCE, 3-year average36.35%
ROA, 3-year average15.94%
ROE, 5-year average22.06%
ROCE, 5-year average29.42%
ROA, 5-year average12.80%
ROIC (approx.)44.06%
Tax rate25.26%
Other income / net worth2.35%
Growth
Sales growth (latest year)45.10%
Profit growth (latest year)99.22%
Sales CAGR, 3 years28.13%
Sales CAGR, 5 years31.30%
Profit CAGR, 3 years79.85%
Profit CAGR, 5 years75.69%
Per share
EPS (TTM)Rs 17.43
EPS (latest year)Rs 17.43
EPS, 3-year averageRs 72.11
EPS, 5-year averageRs 65.17
Book value per shareRs 50.09
Sales per shareRs 87.83
Cash flow per shareRs 3.47
Free cash flow per shareRs 3.09
Efficiency
Asset turnover1.06x
Fixed asset turnover20.83x
Inventory turnover3.64x
Inventory days100 days
Debtor days118 days
Debtors turnover3.10x
Creditor days91 days
Cash conversion cycle131 days
Working capital days127 days
Leverage
Total debtRs 39 Cr
Cash and bankRs 96 Cr
Net debtRs -56 Cr
Debt to equity0.10x
Net debt / EBITDA-0.30x
Interest coverage14.44x
Owners' fund to total sources60.73%
Debt to assets6.36%
Cash flow
Cash from Operating Activity (latest year)Rs 26 Cr
Cash from Investing Activity (latest year)Rs -22 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 23 Cr
FCFE (approx.: FCF + change in debt)Rs 29 Cr
Cash from ops / profit, 5 years0.36x
Sales to cash flow25.30x
Statement figures
Net sales (TTM)Rs 654 Cr
Net sales (latest year)Rs 654 Cr
Operating profit excl. other income (latest year)Rs 181 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 189 Cr
PBDT (TTM)Rs 177 Cr
Profit before tax (TTM)Rs 174 Cr
Tax (latest year)Rs 44 Cr
Net profit (TTM)Rs 130 Cr
Net profit (latest year)Rs 130 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 415 Cr
Total expenditure (latest year)Rs 473 Cr
Total income (latest year)Rs 663 Cr
Share capitalRs 15 Cr
ReservesRs 358 Cr
Shareholders' fundsRs 373 Cr
Total assetsRs 614 Cr
Net blockRs 31 Cr
Capital work in progressRs 14 Cr
ReceivablesRs 211 Cr
InventoryRs 114 Cr
Other liabilitiesRs 202 Cr
Shares outstanding (crore)7.44
Ownership
Promoter holding74.65%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodKANOHARNifty 50Difference
1 week+5.0%-2.8% +7.8 pts

Red flags

F-score 6 of 7
explainWeak cash conversion Cash from operations was 42% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 17% of total assets in 2026
lookInventory outrunning sales Inventory grew 163% vs sales +45% 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

No quarterly results published.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-30Concall / analyst meetSchedule of meet
2026-09-30UpdatesDisclosure pursuant to Regulation 30(12) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Receipt of Notification of Aw...
2026-09-16General UpdatesGeneral Updates
2026-09-16General UpdatesGeneral Updates
2026-09-16General UpdatesGeneral Updates
2026-09-16General UpdatesGeneral Updates
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.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03