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Kamdhenu Overview

Kamdhenu Limited, formerly Kamdhenu Ispat Limited, is engaged in manufacturing, distribution, marketing, branding of steel and paints with over 50 franchised units across India. The Company manufactures thermo-mechanically treated (TMT) steel. The Company's segments include Steel, Paints and Power (wind mills). The Company's brands include KAMDHENU TMT BARS, KAMDHENU SS 10000, STRUCTURAL STEEL, KAMDHENU WIREBOND, KAMDHENU PLYWOOD, COLOR COATED PPGI/PPGL SHEETS, PRE-ENGINEERED BUILDING and KAMDHENU PAINTS. The Company offers a range of paint pro...Read More

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Kamdhenu Key Financials

Market Cap ₹644 Cr.

Stock P/E 10.6

P/B 1.7

Current Price ₹22.8

Book Value ₹ 13.7

Face Value 1

52W High ₹36

Dividend Yield 1.09%

52W Low ₹ 17

Kamdhenu Share Price

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Volume
Price

Kamdhenu Quarterly Price

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Kamdhenu Peer Comparison

Kamdhenu Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 185 155 176 185 190 175 198 196 191 169
Other Income 2 2 8 7 6 -2 0 9 4 7
Total Income 187 157 184 191 196 173 198 204 195 176
Total Expenditure 172 141 160 170 174 154 174 174 168 147
Operating Profit 15 17 24 21 22 18 24 30 27 29
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 14 15 22 20 21 17 22 29 26 27
Provision for Tax 3 4 5 5 5 4 5 7 7 6
Profit After Tax 10 11 17 15 16 12 17 21 19 21
Adjustments 0 -0 -0 0 0 0 0 -0 -0 0
Profit After Adjustments 10 11 17 15 16 12 17 21 19 21
Adjusted Earnings Per Share 0.4 0.4 0.6 0.6 0.6 0 0.6 0.8 0.7 0.7

Kamdhenu Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 968 841 825 1180 1232 924 625 600 732 725 747 754
Other Income 0 0 1 1 0 1 3 3 2 14 10 20
Total Income 968 842 825 1180 1233 924 629 603 734 738 758 773
Total Expenditure 938 809 792 1136 1179 879 575 545 672 666 672 663
Operating Profit 31 32 33 45 54 45 54 58 62 73 86 110
Interest 13 15 14 13 12 12 14 4 2 1 0 0
Depreciation 5 5 8 8 7 8 9 5 5 5 5 5
Exceptional Income / Expenses 0 0 0 0 0 -25 -10 0 0 0 0 0
Profit Before Tax 12 12 12 24 35 -0 21 49 55 67 80 104
Provision for Tax 4 4 4 9 12 -2 6 10 14 17 20 25
Profit After Tax 8 8 8 16 22 2 15 39 41 50 61 78
Adjustments 0 0 0 0 0 0 0 -13 0 0 0 0
Profit After Adjustments 8 8 8 16 22 2 15 27 41 50 61 78
Adjusted Earnings Per Share 0.3 0.3 0.3 0.7 0.9 0.1 0.6 1.5 1.5 1.9 2.2 2.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 8% -4% -3%
Operating Profit CAGR 18% 14% 14% 11%
PAT CAGR 22% 16% 98% 23%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% -13% 10% 15%
ROE Average 24% 24% 20% 14%
ROCE Average 29% 29% 23% 18%

Kamdhenu Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 100 106 115 144 181 181 195 224 167 237 316
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 1 0 1 0 0 2 13 0 0 0
Other Non-Current Liabilities 18 15 22 21 22 23 22 23 12 12 13
Total Current Liabilities 164 175 207 210 212 259 212 199 30 35 39
Total Liabilities 283 296 344 375 415 464 431 460 209 284 368
Fixed Assets 48 47 80 74 90 86 91 94 47 45 42
Other Non-Current Assets 12 10 8 8 9 18 17 23 18 27 49
Total Current Assets 224 239 257 293 316 360 323 343 143 212 277
Total Assets 283 296 344 375 415 464 431 460 209 284 368

Kamdhenu Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 9 10 9 8 8 9 3 3 14 12 40
Cash Flow from Operating Activities 5 12 18 21 25 -3 50 43 67 102 69
Cash Flow from Investing Activities -3 -4 -2 -2 -26 -19 -10 -13 -4 -92 -88
Cash Flow from Financing Activities -1 -8 -17 -18 2 15 -41 -20 -55 18 14
Net Cash Inflow / Outflow 1 0 -1 -0 1 -7 -0 10 8 28 -5
Closing Cash & Cash Equivalent 10 10 8 8 9 3 2 14 12 40 35

Kamdhenu Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.34 0.35 0.35 0.67 0.85 0.07 0.56 1.46 1.52 1.86 2.19
CEPS(Rs) 0.57 0.57 0.67 1 1.13 0.39 0.88 1.64 1.7 2.05 2.38
DPS(Rs) 0.07 0.07 0.08 0.1 0.1 0.05 0.08 0.1 0.15 0.2 0.25
Book NAV/Share(Rs) 4.25 4.52 4.91 5.47 6.73 6.76 7.23 8.33 6.19 7.91 10.79
Core EBITDA Margin(%) 2.98 3.6 3.77 3.71 4.23 4.49 7.22 9 8.11 8.05 9.96
EBIT Margin(%) 2.48 3.07 2.95 3.12 3.68 1.18 5.03 8.72 7.68 9.21 10.65
Pre Tax Margin(%) 1.18 1.4 1.35 2.06 2.75 -0.05 3.02 8.11 7.41 9.13 10.62
PAT Margin (%) 0.79 0.92 0.93 1.32 1.77 0.19 2.17 6.5 5.54 6.84 8.04
Cash Profit Margin (%) 1.33 1.51 1.82 1.97 2.35 1.03 3.42 7.28 6.19 7.53 8.73
ROA(%) 2.91 2.81 2.53 4.36 5.69 0.43 3.37 8.86 12.28 20.36 18.66
ROE(%) 8.3 7.94 7.35 12.9 14.7 1.05 8.07 18.83 20.98 26.4 23.76
ROCE(%) 13.24 13.18 11.78 16.38 18.65 4.14 11.88 17.65 23.76 33.43 29.12
Receivable days 47.45 57.29 63.87 53.26 58.82 79.68 108.32 119.69 69.17 34.02 23.91
Inventory Days 21.64 27.99 27.86 19.75 17.91 24.9 38.27 43.5 22.69 6.63 7.03
Payable days 26.65 31.82 41.44 36.81 41.66 60.73 96.98 77.62 36.41 14.98 17.93
PER(x) 12.22 12.78 25.66 36.17 19.49 66.48 24.82 15.81 20.57 27.76 13.47
Price/Book(x) 0.99 0.99 1.81 4.43 2.46 0.7 1.92 2.78 5.06 6.53 2.74
Dividend Yield(%) 1.67 1.57 0.9 0.41 0.6 1.06 0.58 0.43 0.48 0.39 0.85
EV/Net Sales(x) 0.19 0.24 0.37 0.55 0.42 0.26 0.74 1.16 1.14 1.85 1.04
EV/Core EBITDA(x) 6.12 6.23 9.15 14.39 9.53 5.26 8.66 12.05 13.5 18.43 9.04
Net Sales Growth(%) 5.02 -13.1 -1.94 43.03 4.46 -25.04 -32.32 -4.1 22.1 -1.01 3.14
EBIT Growth(%) 19.76 8.09 -5.64 44.76 25.95 -74.79 196.54 51.75 7.26 18.88 19.34
PAT Growth(%) 34.79 1.48 -0.52 93.35 43.42 -91.62 701.65 161.45 3.98 22.21 21.41
EPS Growth(%) 34.79 1.48 -0.52 93.36 27.12 -91.67 690 161.45 3.98 22.2 17.9
Debt/Equity(x) 0.99 1.02 0.93 0.68 0.5 0.66 0.48 0.39 0 0 0
Current Ratio(x) 1.37 1.37 1.24 1.4 1.49 1.39 1.52 1.72 4.86 6.1 7.11
Quick Ratio(x) 0.97 0.97 0.94 1.08 1.22 1.09 1.21 1.33 4.37 5.75 6.67
Interest Cover(x) 1.9 1.84 1.85 2.93 3.98 0.96 2.5 14.17 29.38 107.94 380.43
Total Debt/Mcap(x) 1.01 1.04 0.51 0.15 0.2 0.95 0.25 0.14 0 0 0

Kamdhenu Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 58.74 58.74 57.04 49.83 49.83 49.83 49.12 49.03 49.03 49.03
FII 0.58 3.99 6.13 9.57 6.02 6.44 5.12 3.21 2.51 1.89
DII 0.19 0.19 0.18 0.18 0 0 0.32 0 0 0
Public 40.5 37.08 36.66 40.42 44.15 43.73 45.44 47.76 48.46 49.08
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Kamdhenu News

Kamdhenu Pros & Cons

Pros

  • Company has delivered good profit growth of 98% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.03%.
  • Debtor days have increased from 14.98 to 17.93days.
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