Kody Technolab Ltd
Incorporated in 2017, Kody Technolab
Ltd is in the business of manufacturing
& assembly of robots & their accessories, software developer, app developer & related service sector[1]
- Market Cap ₹ 886 Cr.
- Current Price ₹ 695
- High / Low ₹ 1,147 / 556
- Stock P/E 62.9
- Book Value ₹ 73.2
- Dividend Yield 0.00 %
- ROCE 38.4 %
- ROE 30.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 102% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.5%
- Debtor days have improved from 224 to 177 days.
- Company's working capital requirements have reduced from 169 days to 61.2 days
Cons
- Stock is trading at 9.50 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 177 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 4 | 11 | 22 | 72 | 65 | |
| 2 | 3 | 3 | 7 | 16 | 47 | 44 | |
| Operating Profit | -1 | -0 | 1 | 4 | 7 | 25 | 21 |
| OPM % | -35% | -2% | 18% | 40% | 30% | 35% | 32% |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Profit before tax | -1 | -0 | 1 | 4 | 6 | 24 | 19 |
| Tax % | -3% | -8% | -5% | 29% | 25% | 27% | |
| -1 | -0 | 1 | 3 | 5 | 18 | 14 | |
| EPS in Rs | 4.23 | 3.85 | 13.82 | 11.04 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 119% |
| 3 Years: | 165% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 102% |
| 3 Years: | 205% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 3 | 6 | 13 | 13 |
| Reserves | -2 | -2 | -1 | 1 | 31 | 66 | 81 |
| 2 | 2 | 2 | 7 | 1 | 13 | 3 | |
| 1 | 1 | 2 | 2 | 5 | 20 | 33 | |
| Total Liabilities | 1 | 1 | 2 | 15 | 43 | 112 | 130 |
| 0 | 0 | 0 | 6 | 6 | 10 | 13 | |
| CWIP | 0 | 0 | 0 | 1 | 4 | 5 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 28 | 28 |
| 1 | 1 | 2 | 8 | 33 | 68 | 83 | |
| Total Assets | 1 | 1 | 2 | 15 | 43 | 112 | 130 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0 | 0 | -1 | -9 | -8 | ||
| -0 | -0 | -7 | -4 | -35 | ||
| -0 | 0 | 8 | 21 | 38 | ||
| Net Cash Flow | 0 | 0 | -0 | 8 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 127 | 103 | 163 | 218 | 276 | 177 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 127 | 103 | 163 | 218 | 276 | 177 |
| Working Capital Days | -63 | -60 | 29 | 156 | 289 | 61 |
| ROCE % | 381% | 69% | 28% | 38% |
Insights
In beta| Jan 2024 | Mar 2025 | |
|---|---|---|
| Order Book / Major Contract Awards (Cumulative Value) INR Crores |
|
|
| Employee Headcount Numbers |
||
| Proprietary Robot Models (SKUs) Count |
||
| Robots Shipped / Deployed Units |
||
| Target Retail Deployment Points (UAE/India Partners) Units/Locations |
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Documents
Announcements
-
Product launch
12 March 2026 - Announces Medigo AI health-screening robot, screens 65+ conditions in ~3 minutes; March 2026 launch targeting developing markets.
-
Outcome of Board Meeting
21 February 2026 - 694,000 shares allotted on conversion; 694,000 bonus shares issued; Rs72.87 crore received; paid-up capital Rs14,29,34,600.
-
Outcome of Board Meeting
19 February 2026 - Allotment of 1,53,900 shares at Rs.975 and 6,76,900 warrants at Rs.975 convertible within 18 months.
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Outcome of Board Meeting
18 February 2026 - Board approves receipt of Rs.8,60,00,000 (9th tranche) from Manav S Patel for convertible warrants on 18-Feb-2026.
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General Updates
10 February 2026 - NSE approved issuance of 359,000 equity shares and 676,900 convertible warrants (Preferential); approvals dated Feb 5, 2026.
Business Overview:[1][2]
KTL is a IT service provider, offering digital transformation, application development, and AI-driven automation, etc. Company integrates AI, robotics, app development to deliver intelligent solutions for automation. Company has delivered over 250 projects to clients in 30+ countries