Kaycee Industries Ltd

₹ 814 -2.15%

04 Jun - close price

About

Incorporated in 1942, Kaycee Industries Ltd manufacturers Industrial Electrical switches, Mechanical Counters, Electrical Components, etc.

Key Points

Business Overview
The company is a subsidiary of Salzer Electronics, a key player in the Electrical Solutions industry, and has pioneered technology leadership for over 30 years in India. Kaycee is a leading manufacturer of electrical products and solutions provider to various industry sectors like the Power sector, Panel builders, Machine tool manufacturers, Telecom, Renewables, etc. Incorporated in 1942, It is known to be the first Indian manufacturer of rotary switches ^[1]

Website BSE

Market Cap ₹ 258 Cr.
Current Price ₹ 814
High / Low ₹ 1,646 / 632
Stock P/E 51.8
Book Value ₹ 105
Dividend Yield 0.25 %
ROCE 21.9 %
ROE 16.0 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.

Cons

Stock is trading at 7.73 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	11.25	11.31	11.77	12.25	13.47	12.61	13.34	11.87	15.38	13.90	14.91	14.45	16.80
	9.88	9.83	10.26	10.63	11.30	10.41	11.19	10.22	12.73	11.87	12.69	12.38	15.29
Operating Profit	1.37	1.48	1.51	1.62	2.17	2.20	2.15	1.65	2.65	2.03	2.22	2.07	1.51
OPM %	12.18%	13.09%	12.83%	13.22%	16.11%	17.45%	16.12%	13.90%	17.23%	14.60%	14.89%	14.33%	8.99%
	0.14	0.15	0.17	0.14	0.17	0.20	0.26	0.07	0.21	0.25	0.16	0.12	0.16
Interest	0.03	0.11	0.10	0.10	0.10	0.10	0.09	0.10	0.09	0.09	0.09	0.08	0.11
Depreciation	0.25	0.26	0.26	0.27	0.26	0.28	0.28	0.30	0.27	0.29	0.29	0.35	0.38
Profit before tax	1.23	1.26	1.32	1.39	1.98	2.02	2.04	1.32	2.50	1.90	2.00	1.76	1.18
Tax %	26.83%	30.95%	24.24%	24.46%	20.71%	25.74%	24.02%	26.52%	25.20%	26.32%	25.00%	30.11%	27.97%
	0.89	0.87	1.00	1.05	1.57	1.50	1.54	0.97	1.87	1.40	1.50	1.23	0.86
EPS in Rs	2.97	2.90	3.33	3.50	5.23	5.00	4.85	3.06	5.89	4.41	4.73	3.88	2.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	21.86	22.39	23.44	24.87	25.02	23.43	22.70	29.15	41.52	48.56	52.97	60.05
	22.61	22.34	23.30	22.92	24.08	21.02	21.48	26.69	36.76	41.78	44.34	52.21
Operating Profit	-0.75	0.05	0.14	1.95	0.94	2.41	1.22	2.46	4.76	6.78	8.63	7.84
OPM %	-3.43%	0.22%	0.60%	7.84%	3.76%	10.29%	5.37%	8.44%	11.46%	13.96%	16.29%	13.06%
	0.32	0.61	0.91	0.14	1.54	-0.01	0.50	0.44	0.58	0.63	0.74	0.69
Interest	0.47	0.53	0.45	0.31	0.16	0.07	0.07	0.07	0.06	0.41	0.37	0.38
Depreciation	0.30	0.34	0.33	0.27	0.38	0.42	0.41	0.33	0.49	1.05	1.13	1.31
Profit before tax	-1.20	-0.21	0.27	1.51	1.94	1.91	1.24	2.50	4.79	5.95	7.87	6.84
Tax %	-5.00%	28.57%	-137.04%	25.17%	29.90%	27.75%	32.26%	25.20%	26.93%	24.37%	25.41%	27.19%
	-1.14	-0.28	0.65	1.13	1.35	1.38	0.85	1.87	3.49	4.49	5.88	4.98
EPS in Rs	-3.80	-0.93	2.17	3.77	4.50	4.60	2.83	6.23	11.63	14.97	18.53	15.69
Dividend Payout %	-2.76%	-11.25%	4.85%	5.58%	4.67%	13.70%	22.24%	16.84%	10.83%	14.03%	10.78%	12.73%

Compounded Sales Growth
10 Years:	10%
5 Years:	21%
3 Years:	13%
TTM:	13%

Compounded Profit Growth
10 Years:	33%
5 Years:	47%
3 Years:	13%
TTM:	-15%

Stock Price CAGR
10 Years:	42%
5 Years:	64%
3 Years:	70%
1 Year:	-38%

Return on Equity
10 Years:	15%
5 Years:	18%
3 Years:	19%
Last Year:	16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	3.17	3.17
Reserves	11.33	11.02	11.66	11.12	12.34	13.56	14.21	15.94	19.14	23.20	25.86	30.22
	3.76	4.22	3.27	2.48	1.07	0.35	0.00	0.00	4.58	0.51	0.58	3.05
	6.00	6.77	6.99	6.35	4.59	5.42	5.85	4.89	4.81	10.35	11.11	10.66
Total Liabilities	21.72	22.64	22.55	20.58	18.63	19.96	20.69	21.46	29.16	34.69	40.72	47.10
	2.80	2.86	2.67	2.28	3.27	2.98	2.76	2.81	7.41	7.89	7.34	10.99
CWIP	1.48	1.48	1.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.03	8.30	8.63
	17.43	18.29	18.39	18.30	15.36	16.98	17.93	18.65	21.75	26.77	25.08	27.48
Total Assets	21.72	22.64	22.55	20.58	18.63	19.96	20.69	21.46	29.16	34.69	40.72	47.10

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0.99	0.47	0.90	-0.05	2.60	0.67	1.13	0.73	1.76	6.17	5.86
	-0.43	0.19	0.63	1.66	-1.00	-0.64	-0.28	-0.22	-5.34	-4.27	-4.40
	0.21	-0.11	-1.19	-1.14	-1.64	-0.86	-0.61	-0.26	4.20	-1.24	-1.50
Net Cash Flow	-1.21	0.55	0.33	0.46	-0.04	-0.84	0.23	0.25	0.62	0.66	-0.04
Free Cash Flow	-1.74	0.10	0.77	-0.10	1.22	0.54	0.95	0.38	-3.34	4.26	5.28
CFO/OP	135%	1,060%	686%	-2%	298%	53%	101%	52%	61%	108%	92%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	151.78	168.07	152.45	157.62	120.65	148.31	164.65	139.36	111.12	105.08	111.90	108.74
Inventory Days	200.13	173.10	150.87	109.53	70.32	115.63	98.85	66.99	52.06	46.50	43.89	61.89
Days Payable	124.18	150.67	147.31	125.86	80.18	129.71	126.23	75.98	47.76	59.71	67.37	82.72
Cash Conversion Cycle	227.73	190.51	156.01	141.29	110.78	134.23	137.27	130.38	115.42	91.86	88.43	87.91
Working Capital Days	126.40	109.55	94.36	99.95	90.89	126.96	139.09	128.47	104.52	85.76	85.51	88.80
ROCE %	-4.57%	1.77%	4.58%	12.22%	14.86%	15.19%	7.83%	16.24%	23.61%	26.08%	30.55%	21.86%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Employees
Count

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xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
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Production Quantity - Rotary Switches
Numbers

Sales Quantity - Micro Switches
Numbers

Sales Quantity - Rotary Switches
Numbers

Revenue Contribution - Cam Switches
Percentage

Revenue Contribution - Rotary Switches
Percentage

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	73.86%	73.86%	73.51%	73.51%	73.51%	71.96%	71.91%	71.91%	71.91%	71.70%	71.70%	71.70%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	26.05%	26.05%	26.39%	26.38%	26.40%	28.02%	28.07%	28.07%	28.07%	28.28%	28.28%	28.28%
No. of Shareholders	1,462	1,456	1,476	1,598	1,754	8,621	10,543	11,383	11,276	11,014	10,587	10,405

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	72.32%	72.32%	72.32%	74.91%	74.91%	74.91%	73.86%	73.51%	71.91%	71.70%
	0.25%	0.26%	0.26%	0.26%	0.09%	0.09%	0.09%	0.09%	0.02%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.86%	0.69%	0.00%	0.00%	0.00%	0.00%
	27.44%	27.42%	27.42%	24.83%	24.13%	24.30%	26.05%	26.38%	28.07%	28.28%
No. of Shareholders	1,494	1,431	1,503	1,438	1,294	1,321	1,334	1,598	11,383	10,405

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Kaycee Industries Ltd

Kaycee Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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