Kamdhenu Limited (KAMDHENU) AI Stock Analysis

• Market Cap: ₹7.43B
• Dividend Yield: 0.95%
• Average Volume (3M): 86.50K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.39
• Revenue Growth: 8.29%
• EPS Growth: 21.79%
• Country: IN
• Employees: 549
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.76
• Shares Outstanding: 281,883,000
• 10 Day Avg. Volume: 93,829
• 30 Day Avg. Volume: 86,496
• PEG Ratio: 0.72
• Price to Book (P/B): 2.61
• Price to Sales (P/S): 1.11
• P/FCF Ratio: 14.87
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹31.00
• Price Target Upside: 17.65% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹31.00 ▲(17.65% Upside)

Kamdhenu Limited's strong financial performance is the primary driver of its overall score, supported by consistent revenue growth and robust profitability. However, the technical analysis indicates a bearish trend, which weighs down the score. The valuation is reasonable, suggesting the stock is fairly priced, but the lack of earnings call insights and corporate events limits additional positive influence.

Kamdhenu Limited Business Overview & Revenue Model

Company Description

Kamdhenu Limited manufactures, distributes, and markets steel, and paint and allied products under the Kamdhenu brand name in India. It operates through two segments, Steel and Paints. The company offers thermo mechanical treatment bars and rebars; MS pipes and tubes; structural steel, such as angles, channels, beams, flats, rounds, and squares; and pre-engineered buildings, roofing systems, air ventilators, deck systems, and crimp curves, as well as accessories. It also provides paint products comprising exterior and interior emulsions, acrylic washable distemper, premium enamel paint, wood coating products, water proofing solutions, roof coating solutions, textures, stains, colorants, water based primers, wood finishes, aluminum paints, and textured and designer paints. In addition, the company offers arch/curved profiles, SDF screws, and fiber sheets. It offers its products through a network of dealers and distributors. The company was formerly known as Kamdhenu Ispat Limited and changed its name to Kamdhenu Limited in January 2016. Kamdhenu Limited was incorporated in 1994 and is based in Gurugram, India.

How the Company Makes Money

Kamdhenu Limited generates revenue through the manufacturing and sale of its core products, which include TMT bars, structural steel, and decorative paints. The company operates through a franchisee model for its steel products, which allows it to expand its market reach and optimize production efficiency. In the paint sector, Kamdhenu sells its products through a network of dealers and distributors, ensuring widespread availability across the country. Strategic partnerships with suppliers and a strong distribution network contribute significantly to the company's earnings, enabling it to maintain a competitive edge in the market.

Kamdhenu Limited Financial Statement Overview

Summary

Kamdhenu Limited presents a strong financial profile with consistent revenue growth, robust profitability, and a solid balance sheet. The company's low leverage and strong cash flow management further enhance its financial stability, positioning it well for future growth.

Income Statement

Kamdhenu Limited has demonstrated consistent revenue growth over the years, with a notable increase from 2024 to 2025. The company maintains strong profitability margins, as evidenced by a rising gross profit margin and a healthy net profit margin. EBIT and EBITDA margins are also robust, indicating effective cost management and operational efficiency. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet of Kamdhenu Limited shows a stable financial position with a strong equity base. The debt-to-equity ratio is low, indicating minimal leverage and reduced financial risk. Return on equity is strong, reflecting efficient use of shareholder funds. The equity ratio is high, highlighting a solid asset base funded by equity. The company's financial stability is balanced by its ability to maintain low debt levels.

Cash Flow

Kamdhenu Limited has demonstrated strong cash flow management, with positive operating cash flow across the years. The free cash flow growth rate is impressive, indicating effective capital expenditure management. The operating cash flow to net income ratio demonstrates a strong cash conversion capability, while the free cash flow to net income ratio underscores the company's ability to generate cash from operations. Overall, the cash flow statement reflects healthy cash generation and prudent financial management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.47B	7.47B	7.25B	7.32B	6.00B	6.25B
Gross Profit	2.11B	2.25B	1.24B	1.06B	1.54B	1.94B
EBITDA	858.72M	858.72M	724.08M	615.67M	576.92M	435.51M
Net Income	608.67M	608.67M	501.33M	410.24M	267.55M	150.76M
Balance Sheet
Total Assets	3.68B	3.68B	2.84B	2.09B	4.42B	4.31B
Cash, Cash Equivalents and Short-Term Investments	2.07B	2.07B	1.33B	215.88M	235.40M	101.15M
Total Debt	12.34M	12.34M	27.02M	37.44M	936.98M	1.00B
Total Liabilities	520.79M	520.79M	466.78M	418.23M	2.24B	2.36B
Stockholders Equity	3.16B	3.16B	2.37B	1.67B	2.18B	1.95B
Cash Flow
Free Cash Flow	0.00	555.97M	992.16M	614.00M	315.99M	404.63M
Operating Cash Flow	0.00	688.68M	1.02B	667.58M	436.52M	502.00M
Investing Cash Flow	0.00	-878.74M	-923.50M	-40.30M	-140.31M	-95.61M
Financing Cash Flow	0.00	140.34M	184.50M	-545.21M	-199.85M	-409.36M

Kamdhenu Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 26.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAMDHENU, the sentiment is Negative. The current price of 26.35 is below the 20-day moving average (MA) of 28.44, below the 50-day MA of 28.87, and below the 200-day MA of 33.37, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 26.01 is Positive, neither overbought nor oversold. The STOCH value of 4.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KAMDHENU.

Kamdhenu Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KAMDHENU	69 Neutral	₹7.43B	10.98	―	0.95%	8.29%	21.79%
MANAKCOAT	63 Neutral	13.18B	42.70	6.79%	0.04%	9.97%	49.18%
NELCAST	63 Neutral	12.01B	28.72	6.74%	0.36%	0.72%	-24.19%
STEELXIND	61 Neutral	11.80B	35.13	3.67%	―	7.07%	78.03%
TNPL	54 Neutral	10.37B	-40.53	0.18%	2.00%	-0.66%	-125.23%
SAURASHCEM	52 Neutral	11.94B	85.81	0.74%	1.86%	-7.59%	-74.43%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Kamdhenu Limited Corporate Events

Kamdhenu Limited to Dispatch AGM Notice and Annual Report Electronically

Kamdhenu Limited has announced through newspaper publications that the notice for its 31st Annual General Meeting (AGM) and the Annual Report for the financial year 2024-25 will be sent electronically to shareholders with registered email addresses. This move aligns with regulatory requirements and aims to streamline communication with stakeholders. Shareholders who have not registered their email addresses are encouraged to do so to receive these documents.

Kamdhenu Limited Forfeits Warrants Due to Non-Conversion

Kamdhenu Limited has announced the forfeiture of 14,97,200 warrants due to the non-exercise of conversion rights by the allottees. The upfront amount of Rs. 13,21,27,900, which is 25% of the issue price received at the time of allotment, has also been forfeited. This decision, approved by the Board of Directors, reflects the company’s adherence to SEBI regulations and may impact the financial strategies of the involved stakeholders.

Kamdhenu Limited Urges Shareholders to Update KYC Details

Kamdhenu Limited has issued a notice to its shareholders, urging them to update their PAN, KYC, and nomination details in compliance with SEBI regulations. This move is crucial as it ensures that shareholders can receive payments such as dividends electronically, aligning with regulatory mandates. The company’s proactive approach in communicating with shareholders highlights its commitment to regulatory compliance and operational efficiency, which is essential for maintaining investor trust and smooth financial operations.