Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹546 Cr.
Stock P/E
998
P/B
0.2
Current Price
₹200
Book Value
₹ 820.8
Face Value
10
52W High
₹229.9
52W Low
₹ 150
Dividend Yield
0.5%

Kiran Vyapar Overview

Business

Kiran Vyapar Ltd. operates as a Non-Banking Financial Company (NBFC) in India. Its core business primarily involves investment activities, including trading and investing in shares, securities, and other financial instruments. Additionally, the company provides loans and advances. It generates revenue mainly through interest income from its lending operations, dividend income, and gains from its investment portfolio.

Revenue Mix

The company's revenue streams typically comprise:

Investment Income: This includes dividends from equity investments, interest from debt securities, and profits from the sale of investments.

Interest Income from Loans and Advances: Earnings generated from various forms of loans provided to individuals and corporate entities.

While specific percentage contributions are not publicly available without detailed financial statements, a significant portion of its income is likely derived from its investment portfolio and associated financing activities, alongside direct lending.

Industry

Kiran Vyapar Ltd. operates within the highly competitive and regulated Indian NBFC sector. This sector is characterized by a wide range of players, from large, diversified NBFCs and housing finance companies to smaller, niche-focused entities. The company's positioning is likely that of a relatively smaller NBFC, potentially catering to specific segments or engaging in focused investment strategies rather than broad-based retail or SME lending on a large scale. It competes with other NBFCs, investment companies, and to some extent, traditional banks for investment opportunities and lending clients.

MOAT

As a smaller NBFC primarily involved in investment and some lending, Kiran Vyapar Ltd. is unlikely to possess strong, wide moats like brand recognition, vast scale, or proprietary network effects against larger financial institutions. Any competitive advantages would likely stem from:

Niche Expertise: Specialization in identifying undervalued investment opportunities or specific borrower segments.

Operational Efficiency: Lean cost structure and effective asset management.

Relationship-based Lending/Investing: Strong ties with specific clients or promoters that facilitate business.

However, these are typically less durable compared to the moats held by larger, more diversified financial players.

Growth Drivers

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

Favorable Economic Conditions: A robust Indian economy generally boosts investment sentiment and credit demand.

Strategic Investment Performance: Astute management of its investment portfolio, leading to capital gains and healthy dividend income.

Expansion of Lending Portfolio: Careful and profitable growth in its loans and advances segment.

Access to Capital: Ability to raise funds at competitive rates to fuel both investment and lending activities.

Digital Adoption: Leveraging technology to improve operational efficiency and client reach.

Risks

The primary risks associated with Kiran Vyapar Ltd. include:

Market Risk: Fluctuations in equity and debt markets can significantly impact the value of its investment portfolio and, consequently, its profitability.

Credit Risk: Potential for defaults on loans and advances, leading to Non-Performing Assets (NPAs) and credit losses.

Interest Rate Risk: Volatility in interest rates can affect the cost of borrowing for the company and the yield on its lending and debt investments.

Funding Risk: Challenges in securing adequate and cost-effective funding (debt or equity) to support its operations and growth plans.

Regulatory Risk: Changes in RBI regulations for NBFCs, capital market rules, or tax policies could impact its business model and profitability.

Competition: Intense competition from other NBFCs, banks, and investment firms can pressure margins and limit growth opportunities.

Management & Ownership

Kiran Vyapar Ltd. typically operates with a promoter-driven ownership structure, common among many Indian companies. The promoter group likely holds a significant stake, influencing strategic direction and management decisions. The quality of management is crucial for an NBFC, particularly concerning risk management in both its investment and lending segments, capital allocation, and compliance with regulatory frameworks. Details on specific key management personnel and their track records would require deeper analysis of company reports.

Outlook

The outlook for Kiran Vyapar Ltd. is shaped by its dual focus on investments and lending within the dynamic Indian financial landscape. On one hand, India's economic growth and increasing financialization present opportunities for both capital market appreciation and credit demand. A well-managed investment portfolio and prudent lending practices could lead to healthy returns. On the other hand, the company faces significant challenges from market volatility, intense competition, the inherent credit risks in lending, and evolving regulatory pressures. Its success will largely depend on its ability to effectively manage market risks, maintain asset quality in its loan book, secure cost-effective funding, and make astute investment decisions while navigating a highly competitive environment.

Kiran Vyapar Share Price

Live · BSE / NSE · Inception: 1995
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Kiran Vyapar Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Operating Revenue 24 28 41 31 12 27 33 35 11 33
Other Income 3 0 0 0 0 0 0 0 0 0
Total Income 27 28 42 31 12 27 33 35 11 33
Total Expenditure 24 4 4 18 19 9 16 21 11 9
Operating Profit 3 24 38 14 -7 18 18 15 -1 24
Interest Expense 2 2 3 4 6 6 7 8 9 11
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 22 35 9 -13 12 10 6 -10 13
Provision for Tax 0 4 8 6 -0 1 6 5 -3 3
Profit After Tax 0 18 26 3 -12 11 5 1 -7 10
Adjustments 7 16 5 5 6 8 -5 -3 -3 10
Profit After Adjustments 8 34 31 8 -7 19 0 -2 -10 20
Adjusted Earnings Per Share 2.9 12.4 11.6 3 -2.5 7.2 0 -0.9 -3.8 7.3

Kiran Vyapar Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Operating Revenue 72 119 84 101 80 141 159 67 133 119 107 112
Other Income 5 2 1 1 0 1 7 1 3 0 0 0
Total Income 76 121 86 102 81 142 166 68 136 119 107 112
Total Expenditure 24 61 40 72 60 40 40 29 38 44 57 57
Operating Profit 52 60 46 30 20 102 126 39 98 74 50 56
Interest Expense 3 5 7 3 4 3 5 6 10 15 31 35
Depreciation 2 2 2 2 2 2 3 0 0 0 0 0
Profit Before Tax 49 53 36 25 14 116 139 46 222 85 11 19
Provision for Tax 4 6 9 4 7 18 21 8 20 19 10 11
Profit After Tax 45 47 27 21 7 98 118 39 202 66 1 9
Adjustments -11 0 2 1 -15 0 0 0 0 0 0 -1
Profit After Adjustments 35 48 29 23 -8 98 118 39 202 66 1 8
Adjusted Earnings Per Share 13.6 18.6 11.3 8.4 -3 36.2 43.8 14.3 74.8 24.5 0.2 2.6

Kiran Vyapar Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 868 915 1069 1077 959 1218 1430 1465 1940 2142 2229
Minority's Interest 30 33 68 61 52 66 58 50 59 53 49
Borrowings 1 0 9 0 1 0 0 10 0 100 107
Current Liability 53 65 39 42 36 37 40 142 96 201 399
Other Liabilities & Provisions 1 1 27 24 9 39 68 66 117 102 104
Total Liabilities 953 1015 1212 1204 1057 1361 1597 1733 2212 2598 2889
Loans 0 0 0 0 0 0 0 0 266 330 388
Investments 734 672 893 898 706 976 1229 1336 1320 1604 1755
Fixed Assets 50 48 49 49 41 41 34 23 2 1 1
Other Loans 58 59 5 214 262 294 259 319 7 8 6
Other Non Current Assets 0 0 0 0 0 0 0 0 0 0 0
Current Assets 111 237 265 43 47 44 69 49 617 655 739
Total Assets 953 1015 1212 1204 1057 1361 1597 1733 2212 2598 2889

Kiran Vyapar Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 11 4 23 5 9 17 15 40 18 37 136
Cash Flow from Operating Activities 18 -96 14 23 -30 -10 65 -45 59 -68 -77
Cash Flow from Investing Activities -24 110 -5 -0 53 7 -40 -71 15 -23 -79
Cash Flow from Financing Activities -2 4 -27 -19 -15 0 -1 94 -55 190 197
Net Cash Inflow / Outflow -7 18 -18 4 8 -2 25 -22 19 99 42
Closing Cash & Cash Equivalent 4 22 5 9 17 15 40 18 37 136 177

Kiran Vyapar Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 13.6 18.61 11.31 8.39 -2.95 36.15 43.78 14.28 74.81 24.52 0.2
CEPS(Rs) 18.48 19.15 11.57 8.67 3.39 36.9 44.85 14.37 74.88 24.58 0.28
DPS(Rs) 2.5 2.5 2.5 2.5 0.75 1.5 1.5 1 1 1 1
Book NAV/Share(Rs) 338.64 357.25 417.13 399.05 355.35 451.42 529.95 542.94 719.01 793.97 826.23
Net Profit Margin 63.51 39.64 32.54 21.06 8.55 69.22 74.37 57.27 151.36 55.8 0.51
Operating Margin 72.76 48.72 51.74 27.42 22.25 84.17 90.6 77.96 173.57 84.64 39.15
PBT Margin 69.16 44.84 42.96 24.74 17.39 82.02 87.51 68.7 166.2 71.83 9.88
ROA(%) 4.88 4.8 2.46 1.76 0.61 8.07 7.99 2.31 10.23 2.75 0.02
ROE(%) 5.32 5.29 2.76 1.98 0.68 8.96 8.92 2.66 11.86 3.24 0.03
ROCE(%) 5.87 6.18 4.19 2.48 1.7 10.61 10.6 3.41 12.73 4.49 1.62
Price/Earnings(x) 6.77 5.87 12.65 12.27 0 2.52 3.2 9.53 2.38 7.6 786.38
Price/Book(x) 0.27 0.31 0.34 0.26 0.14 0.2 0.26 0.25 0.25 0.23 0.19
Dividend Yield(%) 2.71 2.29 1.75 2.43 1.48 1.65 1.07 0.73 0.56 0.54 0.63
EV/Net Sales(x) 3.78 2.63 4.81 3 1.83 1.86 2.36 7.29 4 5.55 7.02
EV/Core EBITDA(x) 5.17 5.23 8.83 10.13 7.31 2.57 2.98 12.66 5.43 8.86 14.86
Interest Earned Growth(%) -7.08 66.42 -29.22 19.53 -20.23 75.43 12.72 -57.64 98.21 -11.11 -10
Net Profit Growth -24.1 3.89 -41.89 -22.66 -67.6 1319.71 21.1 -67.38 423.86 -67.23 -99.17
EPS Growth(%) -50.29 36.8 -39.22 -25.81 -135.19 1324.44 21.1 -67.38 423.86 -67.23 -99.17
Interest Coverage(x) % 20.26 12.57 5.89 10.25 4.58 39.21 29.35 8.42 23.54 6.61 1.34

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -10% +17% -5% +4%
Operating Profit CAGR -32% +9% -13% 0%
PAT CAGR -98% -71% -60% -32%
Share Price CAGR -8% +11% +9% +7%
ROE Average 0% +5% +5% +5%
ROCE Average +2% +6% +7% +6%

Kiran Vyapar Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 74.96 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 25.04 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 74.9674.9674.9674.9674.9674.9674.9674.9674.9674.96
FII 0000000000
DII 0000000000
Public 25.0425.0425.0425.0425.0425.0425.0425.0425.0425.04
Others 0000000000
Total 100100100100100100100100100100

Kiran Vyapar Peer Comparison

Finance - NBFC Edit Columns

Kiran Vyapar Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Kiran Vyapar Pros & Cons

Pros

  • Stock is trading at 0.2 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 19.03 to 27.59days.
  • The company has delivered a poor profit growth of -60% over past five years.
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