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Kamdhenu Limited
(KAMDHENU)
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Rating:81Outperform
Price Target:
₹47.00
▲(85.40% Upside)
Action:Reiterated
Date:07/04/26
The score is driven primarily by strong financial performance—sharp FY2026 growth, expanding margins, and a very low-leverage balance sheet with strong ROE. Technicals add support with a clear uptrend and positive MACD, though momentum is nearing overbought levels. Valuation is reasonable (P/E ~11) with a small dividend yield, providing a neutral-to-slightly supportive backdrop.
Positive Factors
Strong revenue re-acceleration
The sharp FY2026 revenue increase, following weaker growth in earlier years, indicates renewed demand and improved commercial execution. Sustained top-line expansion would strengthen operating scale, support investment in the branded distribution network, and improve the company’s ability to compound earnings.
Negative Factors
Gross margin compression
The decline in gross margin indicates that revenue growth has been accompanied by pressure on product-level profitability. Input-cost or pricing swings can make earnings less predictable, and sustained compression would limit operating leverage, reduce cash available for expansion, and weaken the durability of recent profit improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue re-acceleration
The sharp FY2026 revenue increase, following weaker growth in earlier years, indicates renewed demand and improved commercial execution. Sustained top-line expansion would strengthen operating scale, support investment in the branded distribution network, and improve the company’s ability to compound earnings.
Read all positive factors
Kamdhenu Limited (KAMDHENU) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.25B
Dividend Yield0.62%
Average Volume (3M)54.02K
Price to Earnings (P/E)13.2
Beta (1Y)1.43
Revenue Growth2.93%
EPS Growth26.60%
CountryIN
Employees618
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)3.05
Shares Outstanding281,883,000
10 Day Avg. Volume59,103
30 Day Avg. Volume54,015
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.23
Price to Sales (P/S)0.64
P/FCF Ratio7.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kamdhenu Limited Business Overview & Revenue Model
Company Description
Kamdhenu Limited is an Indian enterprise involved in the manufacturing, distribution, and sale of a variety of steel and paint products, all marketed under its well-known Kamdhenu brand. The company's business activities are categorized into two p...
How the Company Makes Money
Kamdhenu Limited makes money primarily by selling branded construction steel and related building materials. A key component of its model is brand-led distribution: the company earns revenue from (1) sales of steel products manufactured by the com...
Kamdhenu Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.81B | 7.63B | 7.47B | 7.25B | 7.32B | 6.00B |
| Gross Profit | 2.29B | 1.93B | 2.25B | 1.24B | 1.06B | 1.54B |
| EBITDA | 1.14B | 1.12B | 858.72M | 724.08M | 615.67M | 622.47M |
| Net Income | 856.17M | 783.53M | 608.67M | 501.33M | 410.24M | 267.55M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.50B | 3.68B | 2.84B | 2.09B | 4.42B |
| Cash, Cash Equivalents and Short-Term Investments | 2.58B | 2.58B | 2.06B | 1.33B | 215.88M | 235.40M |
| Total Debt | 0.00 | 94.15M | 12.34M | 27.02M | 37.44M | 936.98M |
| Total Liabilities | -3.96B | 531.83M | 520.79M | 466.78M | 418.23M | 2.24B |
| Stockholders Equity | 3.96B | 3.96B | 3.16B | 2.37B | 1.67B | 2.18B |
Cash Flow | ||||||
| Free Cash Flow | 125.70M | 641.50M | 555.97M | 992.16M | 614.00M | 234.56M |
| Operating Cash Flow | 140.66M | 756.58M | 688.68M | 1.02B | 667.58M | 436.52M |
| Investing Cash Flow | -436.53M | -860.47M | -878.74M | -923.50M | -40.30M | -140.31M |
| Financing Cash Flow | 107.76M | 30.50M | 140.34M | 184.50M | -545.21M | -199.85M |
Kamdhenu Limited Technical Analysis
Positive
25.35
Price Trends
34.53
Positive
30.10
Positive
26.49
Positive
Market Momentum
1.50
Negative
76.77
Negative
85.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAMDHENU, the sentiment is Positive. The current price of 25.35 is below the 20-day moving average (MA) of 35.83, below the 50-day MA of 34.53, and below the 200-day MA of 26.49, indicating a bullish trend. The MACD of 1.50 indicates Negative momentum. The RSI at 76.77 is Negative, neither overbought nor oversold. The STOCH value of 85.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KAMDHENU.
Kamdhenu Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹11.25B | 13.20 | ― | 0.62% | 2.93% | 26.60% | |
65 Neutral | ₹186.12B | 45.40 | ― | 0.36% | -16.30% | -24.14% | |
63 Neutral | ₹37.37B | 38.82 | ― | 0.08% | 21.73% | 13.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹7.83B | 20.84 | ― | ― | ― | ― | |
50 Neutral | ₹2.31B | 31.11 | ― | ― | 20.90% | -36.24% | |
42 Neutral | ₹6.69B | 49.94 | ― | 0.17% | -1.84% | -43.02% |
* General Sector Average
IN:KAMDHENU
Kamdhenu Limited
40.49
11.97
41.97%
IN:RAMASTEEL
Rama Steel Tubes Ltd.
4.17
-6.08
-59.32%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,802.95
453.40
19.30%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,952.40
588.21
43.12%
IN:VSTL
Vibhor Steel Tubes Ltd.
123.95
-37.40
-23.18%
IN:SCODATUBES
Scoda Tubes Ltd.
129.60
-45.15
-25.84%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.