Kamdhenu Ltd

Kamdhenu Ltd

₹ 24.0 -5.84%
29 May - close price
About

Incorporated in 1994, Kamdhenu Ltd
is into manufacture, marketing,
and distribution of TMT Bars, structural
steel and allied products[1]

Key Points

Business Overview:[1]
KL is largest TMT selling brand in India, in the Retail Segment. Company has 8,500+ Dealers, 250+ Distributors across India with 80+ Franchise Units to manufacture Steel Rebars, Structural Steel Products & Colour Coated Profile Sheets.

  • Market Cap 677 Cr.
  • Current Price 24.0
  • High / Low 36.0 / 16.2
  • Stock P/E 8.65
  • Book Value 14.1
  • Dividend Yield 1.04 %
  • ROCE 29.4 %
  • ROE 22.0 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 28.6% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 4.07% over past five years.
  • Promoter holding has decreased over last 3 years: -9.71%
  • Working capital days have increased from 57.0 days to 133 days

* 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.

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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
167 209 185 155 176 185 190 175 198 196 191 169 208
152 193 172 141 160 170 174 154 174 174 168 147 173
Operating Profit 15 16 13 14 16 15 16 21 24 21 24 22 34
OPM % 9% 8% 7% 9% 9% 8% 9% 12% 12% 11% 12% 13% 17%
1 2 2 2 8 7 6 -2 0 9 4 7 -8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 14 16 14 15 22 20 21 17 22 29 26 27 24
Tax % 25% 26% 25% 26% 25% 23% 24% 27% 24% 25% 27% 22% 28%
11 12 10 11 17 15 16 12 17 21 19 21 17
EPS in Rs 0.40 0.45 0.38 0.41 0.62 0.56 0.57 0.45 0.62 0.76 0.66 0.74 0.62
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
968 841 825 1,180 1,232 924 625 600 732 725 747 763
938 809 792 1,136 1,179 879 575 545 672 665 672 663
Operating Profit 30 32 33 44 54 45 50 55 60 59 75 101
OPM % 3% 4% 4% 4% 4% 5% 8% 9% 8% 8% 10% 13%
0 0 1 1 0 -25 -7 -10 2 13 10 11
Interest 13 15 14 13 12 12 14 4 2 1 0 1
Depreciation 5 5 8 8 7 8 9 5 5 5 5 6
Profit before tax 12 12 12 24 35 -0 21 37 55 67 80 106
Tax % 33% 34% 31% 36% 36% -518% 28% 27% 25% 25% 24% 26%
8 8 8 16 22 2 15 27 41 50 61 78
EPS in Rs 0.34 0.35 0.35 0.67 0.85 0.07 0.56 0.99 1.52 1.86 2.19 2.78
Dividend Payout % 20% 20% 23% 15% 12% 71% 14% 10% 10% 11% 1% 14%
Compounded Sales Growth
10 Years: -1%
5 Years: 4%
3 Years: 1%
TTM: 2%
Compounded Profit Growth
10 Years: 25%
5 Years: 29%
3 Years: 24%
TTM: 29%
Stock Price CAGR
10 Years: 23%
5 Years: 26%
3 Years: -9%
1 Year: -29%
Return on Equity
10 Years: 17%
5 Years: 21%
3 Years: 23%
Last Year: 22%

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 23 23 23 23 26 27 27 27 27 27 28 28
Reserves 76 82 92 120 155 154 168 197 140 210 289 368
99 108 106 88 88 127 100 94 4 3 1 9
85 83 122 144 146 157 136 142 38 44 51 44
Total Liabilities 283 296 344 375 415 464 431 460 208 284 368 450
48 47 80 74 90 86 91 94 47 45 42 49
CWIP 0 0 0 0 1 1 1 1 0 0 0 11
Investments 3 3 3 3 3 6 9 16 14 84 187 276
232 246 261 298 322 371 331 349 147 155 139 114
Total Assets 283 296 344 375 415 464 431 460 208 284 368 450

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 Mar 2026
5 12 18 21 25 -3 50 43 67 102 69 66
-3 -4 -2 -2 -26 -19 -10 -13 -14 -92 -88 -76
-1 -8 -17 -18 2 15 -41 -20 -55 18 14 3
Net Cash Flow 1 0 -1 -0 1 -7 -0 10 -2 28 -5 -7
Free Cash Flow 1 7 16 18 -1 -17 41 32 62 100 56 55
CFO/OP 38% 51% 71% 68% 70% -2% 112% 98% 136% 197% 115% 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 51 62 71 58 66 84 117 121 41 27 22 25
Inventory Days 30 40 36 26 22 40 59 63 10 8 12 6
Days Payable 26 31 50 41 42 63 87 74 13 17 19 13
Cash Conversion Cycle 54 71 57 43 46 61 89 110 38 19 15 18
Working Capital Days 19 24 18 23 28 37 59 72 46 22 16 133
ROCE % 13% 13% 12% 16% 19% 13% 15% 17% 23% 33% 29% 29%

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
Dealer Network Size
Numbers

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Franchisee Production Capacity - Steel Rebars
Lakh MTPA
Franchisee Production Capacity - Structural Steel
Lakh MTPA
Franchisee Count
Numbers
Steel Sales Volume (Franchisee)
Lakh MT
Steel Sales Volume (Own Manufacturing)
MT
Average Selling Price - TMT Bars
Rs/MT
Market Share in Organized Retail Branded TMT
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.74% 58.74% 58.74% 58.74% 57.04% 49.83% 49.83% 49.83% 49.12% 49.03% 49.03% 49.03%
0.44% 0.58% 0.58% 4.00% 6.12% 9.57% 6.02% 6.44% 5.12% 3.21% 2.52% 1.88%
0.22% 0.39% 0.19% 0.19% 0.18% 0.18% 0.01% 0.01% 0.33% 0.01% 0.01% 0.01%
40.61% 40.30% 40.51% 37.09% 36.65% 40.43% 44.14% 43.71% 45.44% 47.75% 48.45% 49.08%
No. of Shareholders 15,31017,04116,99617,16919,35921,27727,46337,47644,68948,57649,59850,779

* 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.

Click on the line-items to see the names of individual entities.

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