Kamdhenu Limited
NSE: KAMDHENU · Iron & Steel Products · sector
₹32.88NSE close 2026-10-26
Key numbers
Market cap₹927 cr
Price₹32.88
52w high / low₹44 / ₹16
P/E10.8xSector median 15.5x
P/B2.3xSector median 1.7x
Book value₹14.1
Dividend yield0.76%Sector median 0.60%
ROE24.0%Sector median 11.1%
ROCE28.8%Sector median 11.9%
OPM12.9%Sector median 6.7%
Debt / equity0.00xSector median 0.21x
EV/EBITDA6.7xSector median 11.8x
Interest cover118.8x
Current ratio9.97x
Sales growth 3y+1.4%Sector median +2.1%
Profit growth 3y+24.1%Sector median +13.0%
PEG0.49x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹258 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 118.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹32.88 on 2026-10-26: -24.8% from the 52-week high, +103.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹46.55 · low ₹18.79
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 190 | 175 | 198 | 196 | 191 | 169 | 208 | 213 |
| EBITDA | 16 | 21 | 24 | 21 | 24 | 22 | 34 | 21 |
| OPM % | 8.6% | 11.8% | 12.0% | 10.9% | 12.4% | 12.7% | 16.6% | 9.9% |
| Other income | 6 | -2 | 0 | 9 | 4 | 7 | -8 | 17 |
| Net profit | 16 | 12 | 17 | 21 | 19 | 21 | 17 | 29 |
| EPS (₹) | 0.57 | 0.05 | 0.62 | 0.76 | 0.67 | 0.74 | 0.62 | 1.02 |
| Revenue YoY | +0.5% | -3.5% | +5.0% | +9.0% | ||||
| Profit YoY | +17.7% | +67.1% | +2.0% | +33.9% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 841 | 732 | 725 | 747 | 763 | 781 |
| EBITDA | 52 | 60 | 59 | 75 | 101 | 101 |
| Net profit | 26 | 41 | 50 | 61 | 78 | 86 |
| EPS (₹) | 0.98 | 1.52 | 1.86 | 2.21 | 2.78 | 3.05 |
| Revenue growth | -12.9% | -1.0% | +3.1% | +2.1% | +2.9% | |
| Profit growth | +55.9% | +22.2% | +21.4% | +28.7% | +28.1% | |
| Dividend / share (₹) | 0.80 | 1.00 | 1.50 | 2.00 | 0.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +1.4% | +4.1% | +2.9% |
| Net profit | +24.1% | +39.0% | +28.1% |
| EPS | +22.2% | +37.7% | – |
| Share price | – | -15.3% (2y) | +30.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 167 | 237 | 316 | 396 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 22 | 133 | 206 | 258 |
| Total assets | – | 208 | 284 | 368 | 450 |
| Fixed assets | – | 47 | 45 | 42 | 49 |
| Capital work in progress | – | 0 | 0 | 0 | 11 |
| Investments | – | 5 | 5 | 24 | 46 |
| Receivables | – | 82 | 55 | 45 | 53 |
| Inventory | – | 15 | 12 | 17 | 9 |
| Payables | – | 19 | 24 | 27 | 19 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 44 | 67 | 102 | 69 | 66 |
| Cash from investing | -14 | -4 | -92 | -88 | -76 |
| Cash from financing | -20 | -55 | 18 | 14 | 3 |
| Capex | 12 | 5 | 3 | 13 | 12 |
| Free cash flow | 32 | 61 | 99 | 56 | 54 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 24.6% | 21.1% | 19.2% | 19.8% |
| ROCE % | – | 34.1% | 28.4% | 25.5% | 26.8% |
| Debtor days | – | 41 | 27 | 22 | 25 |
| Inventory days | – | 10 | 8 | 12 | 6 |
| Payable days | – | 13 | 17 | 19 | 13 |
| Cash conversion cycle (days) | – | 38 | 18 | 15 | 18 |
| Working capital days | – | 57 | 89 | 116 | 146 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 49.03% |
| FIIs | 1.65% |
| DIIs | 2.09% |
| of which Mutual funds | 2.06% |
| Public (non-institutions) | 47.24% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 49.83% | 49.83% | 49.12% | 49.03% | 49.03% | 49.03% | 49.03% | 49.03% |
| Promoter group | % |
|---|---|
| Sarita Agarwal | 9.16% |
| Saurabh Agarwal | 7.66% |
| Sachin Agarwal | 6.92% |
| Sunil Kumar Agarwal | 5.96% |
| Radha Agarwal | 3.76% |
| Satish Kumar Agarwal | 2.77% |
| Shafali Agrawal | 2.71% |
| SATISH KUMAR AGARWAL HUF (Karta: Satish Kumar Agarwal) | 2.15% |
| Shatul Agarwal | 1.64% |
| Somya Agarwal | 1.33% |
| SUNIL KUMAR HUF (Karta: Sunil Kumar Agarwal) | 1.26% |
| Shivani Agarwal | 1.17% |
| Priyanka Agarwal | 1.01% |
| Ishita Agarwal | 0.86% |
| Ayush Agarwal | 0.32% |
| Public holders above 1% | % |
|---|---|
| Pradeep Kumar Garg | 2.15% |
| Bandhan Small CAP Fund | 1.81% |
| Simony Mewar | 1.19% |
45,519 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| KAMDHENU | ₹927 cr | 10.8x | 2.3x | 24.0% | 28.8% | 12.9% | +1.4% | 0.76% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Re 0.40 Per Share |
| 2025-09-18 | Dividend | Dividend - Re 0.25 Per Share |
| 2025-01-08 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2024-07-31 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2023-08-14 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2022-09-06 | Restructuring | Demerger |
| 2022-07-25 | Dividend | Annual General Meeting/Dividend - Rs 1 Per Share |
| 2021-09-08 | Dividend | Dividend - Rs 0.80 Per Share |
| 2020-09-18 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2019-09-26 | Dividend | Dividend - Re 1 Per Share |
| 2018-09-12 | Dividend | Annual General Meeting/Dividend Re 1 Per Share |
| 2017-09-21 | Dividend | Annual General Meeting/Dividend-Re 0.80 Per Share (Date Revised) |
| 2016-09-19 | Dividend | Annual General Meeting/ Dividend - Re 0.70/- Per Share (Book Closure Start Date Revised) |
| 2015-09-21 | Dividend | Annual General Meeting/ Dividend - Re 0.70/- Per Share |
| 2014-09-25 | Other | Annual General Meeting |
| 2013-09-13 | Other | Annual General Meeting |
| 2012-09-21 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2011-09-19 | Other | Annual General Meeting |
| 2010-09-16 | Other | Annual General Meeting |
| 2009-09-17 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing of iron and steel products
- Royalty from branding: Franchise-based business
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | KAMDHENU |
| BSE code | 532741 |
| ISIN | INE390H01020 |
| Face value | ₹1.0 |
| Incorporated | 1994-09-12 |
| Website | www.kamdhenulimited.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.