Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹72 Cr.
Stock P/E
11.9
P/B
2
Current Price
₹152
Book Value
₹ 75.7
Face Value
10
52W High
₹173
52W Low
₹ 78
Dividend Yield
0%

Khaitan (India) Overview

Business

Khaitan (India) Ltd. is a long-standing Indian company primarily engaged in the manufacturing and marketing of consumer durables, particularly in the electronics segment. Its core business revolves around a range of household appliances, with a historical stronghold in electrical fans. The company manufactures and sells various types of fans (ceiling, table, pedestal, wall-mounted, exhaust), as well as other small home appliances like water heaters, air coolers, room heaters, and kitchen appliances. It makes money through direct sales to distributors, retailers, and possibly through e-commerce channels, targeting the mass-market and mid-segment consumer base in India.

Revenue Mix

While specific revenue contribution percentages are not publicly provided in this overview, Khaitan's primary product categories include:

Fans: This segment (ceiling fans, table fans, pedestal fans, exhaust fans) historically represents a significant portion of its revenue due to its strong brand legacy in this category.

Home Appliances: This includes a range of products like water heaters, air coolers, room heaters, induction cooktops, mixer grinders, irons, etc.

Detailed segment-wise revenue breakdown would require access to the company's financial reports.

Industry

The Indian consumer durables - electronics industry is highly competitive, characterized by the presence of numerous national and international players, as well as unorganized sector participants. The market is driven by factors like increasing disposable incomes, urbanization, and improving electricity infrastructure. Khaitan (India) Ltd. is an established, legacy brand, particularly known for its fans. It typically positions itself in the mid-market to value-for-money segment, competing with larger diversified players like Havells, Bajaj Electricals, Orient Electric, and Crompton Greaves Consumer Electricals, as well as regional brands and import-based manufacturers. Its long-standing presence gives it a degree of brand recognition, especially in traditional distribution channels.

MOAT

Khaitan's primary competitive advantages include:

Brand Recognition: Especially within the fans category, "Khaitan" holds considerable historical brand recall and trust among a segment of Indian consumers, built over decades.

Established Distribution Network: A long operational history has allowed the company to build a wide distribution and dealer network across various regions of India, facilitating market penetration.

Cost Efficiency (Potential): Operating in the value-for-money segment, the company likely focuses on cost-effective manufacturing and pricing strategies to cater to its target demographic.

Growth Drivers

Key factors that could drive Khaitan's growth over the next 3-5 years include:

Rising Disposable Incomes: Growth in per capita income in India fuels demand for consumer durables.

Urbanization & Rural Electrification: Expansion of urban centers and increased electrification in rural areas open new markets.

Replacement Demand: The existing installed base of appliances creates a consistent replacement market.

Product Diversification & Innovation: Expanding into new appliance categories or introducing updated, energy-efficient models can attract new customers.

Government Initiatives: Schemes promoting housing or infrastructure development can indirectly boost demand for home appliances.

Risks

Intense Competition: The consumer durables market is highly fragmented and competitive, leading to pricing pressures and challenges in gaining market share against larger, more aggressive players.

Raw Material Price Volatility: Fluctuations in the prices of key raw materials (e.g., copper, steel, plastics) can impact manufacturing costs and profit margins.

Changing Consumer Preferences: Rapid technological advancements and shifting consumer preferences (e.g., demand for smart appliances, aesthetically superior designs) require continuous R&D and product updates.

Economic Slowdown: A general economic downturn can reduce discretionary spending on consumer durables.

Supply Chain Disruptions: Global or domestic supply chain issues can impact production and delivery.

Management & Ownership

Khaitan (India) Ltd. is a promoter-led company, characteristic of many legacy Indian businesses. The ownership is typically concentrated within the founding family or group, who often hold significant stakes and exert substantial influence over strategic decisions. Management quality in such structures often hinges on the vision and execution capabilities of the promoter group and the professional managers they appoint. Specific details about current promoters and the precise ownership structure would be available in their annual reports and public filings.

Outlook

Khaitan benefits from a recognized brand name, particularly in the fans segment, and an established distribution network across India. The underlying growth drivers for India's consumer durables market remain strong, offering potential for expansion. However, the company operates in a highly competitive sector dominated by larger, well-funded players with substantial marketing budgets and R&D capabilities. To thrive, Khaitan will likely need to focus on product innovation, improving energy efficiency, strengthening its sales channels (including e-commerce), and maintaining cost competitiveness. Its ability to adapt to evolving consumer trends and effectively compete against both legacy players and newer entrants will be crucial for its sustained growth and market positioning.

Khaitan (India) Share Price

Live · BSE / NSE · Inception: 1936
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Khaitan (India) Quarterly Results

#(Fig in Cr.) Sep 2021 Sep 2022 Dec 2024 Dec 2025 Mar 2026 Jun 2026
Net Sales 14 14 18 27 36 41
Other Income 0 0 0 0 0 0
Total Income 14 14 18 27 36 42
Total Expenditure 13 13 16 25 33 39
Operating Profit 1 0 2 2 3 3
Interest 1 1 1 0 0 0
Depreciation 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax -1 -1 1 1 3 2
Provision for Tax 0 0 0 0 -0 -0
Profit After Tax -1 -1 1 1 3 2
Adjustments 0 0 -0 0 0 -0
Profit After Adjustments -1 -1 1 1 3 2
Adjusted Earnings Per Share -1.9 -1.5 1.6 2.6 6.2 5.1

Khaitan (India) Profit & Loss

#(Fig in Cr.) Mar 2026 TTM
Net Sales 112 122
Other Income 1 0
Total Income 113 123
Total Expenditure 105 113
Operating Profit 8 10
Interest 2 1
Depreciation 0 0
Exceptional Income / Expenses 0 0
Profit Before Tax 6 7
Provision for Tax 0 0
Profit After Tax 6 7
Adjustments 0 0
Profit After Adjustments 6 7
Adjusted Earnings Per Share 12.7 15.5

Khaitan (India) Balance Sheet

#(Fig in Cr.) Mar 2026
Shareholder's Funds 34
Minority's Interest 0
Borrowings 4
Other Non-Current Liabilities 1
Total Current Liabilities 39
Total Liabilities 78
Fixed Assets 45
Other Non-Current Assets 7
Total Current Assets 26
Total Assets 78

Khaitan (India) Cash Flow

#(Fig in Cr.) Mar 2026
Opening Cash & Cash Equivalents 1
Cash Flow from Operating Activities 24
Cash Flow from Investing Activities -5
Cash Flow from Financing Activities 4
Net Cash Inflow / Outflow 22
Closing Cash & Cash Equivalent 24

Khaitan (India) Ratios

# Mar 2026
Earnings Per Share (Rs) 12.74
CEPS(Rs) 13.58
DPS(Rs) 0
Book NAV/Share(Rs) 70.59
Core EBITDA Margin(%) 6.59
EBIT Margin(%) 6.87
Pre Tax Margin(%) 5.4
PAT Margin (%) 5.39
Cash Profit Margin (%) 5.75
ROA(%) 7.75
ROE(%) 18.05
ROCE(%) 19.77
Receivable days 32.43
Inventory Days 15.43
Payable days 100.06
PER(x) 7.85
Price/Book(x) 1.42
Dividend Yield(%) 0
EV/Net Sales(x) 0.44
EV/Core EBITDA(x) 6.04
Net Sales Growth(%) 0
EBIT Growth(%) 0
PAT Growth(%) 0
EPS Growth(%) 0
Debt/Equity(x) 0.16
Current Ratio(x) 0.65
Quick Ratio(x) 0.53
Interest Cover(x) 4.68
Total Debt/Mcap(x) 0.12

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR — — — —
Operating Profit CAGR — — — —
PAT CAGR — — — —
Share Price CAGR +28% +43% +33% +31%
ROE Average +18% +18% +18% +18%
ROCE Average +20% +20% +20% +20%

Khaitan (India) Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 60.24 %
FII 0 %
DII (MF + Insurance) 0.03 %
Public (retail) 39.73 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 60.2460.2460.2460.2460.2460.2460.2460.2460.2460.24
FII 0000000000
DII 0.030.030.030.030.030.030.030.030.030.03
Public 39.7339.7339.7339.7339.7339.7339.7339.7339.7339.73
Others 0000000000
Total 100100100100100100100100100100

Khaitan (India) Peer Comparison

Consumer Durables - Electronics Edit Columns

Khaitan (India) Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Khaitan (India) Pros & Cons

Pros

  • Debtor days have improved from 100.06 to days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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