Kaya Ltd (KAYA) AI Stock Analysis

Kaya Ltd

(NSE:KAYA)

Select Model

Rating:51Neutral

Price Target:INR 290.00▲(0.42% Upside)

Action:reiterated

Date:08/21/26

The score is held back primarily by very weak financial performance (widening losses, negative equity, and negative recent operating/free cash flow), partially offset by strong recent technical momentum with the stock trading well above major moving averages. Valuation contributes modestly negatively because the negative P/E reflects ongoing losses and there is no dividend yield data to support the investment case.

Positive Factors

Revenue ReboundThe sharp FY2026 revenue rebound shows that the company retained the ability to restore sales after a weak prior year. If maintained, stronger top-line activity could improve capacity utilization and provide a base for future margin recovery, although profitability has not yet followed.

Negative Factors

Deepening LossesWidening net losses and deeply negative EBIT show that recent revenue growth has not translated into a viable profit engine. Persistent negative operating and net margins reduce internally generated capital, constrain reinvestment, and make near-term earnings improvement dependent on a material operating turnaround.

Kaya Ltd (KAYA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.68B
Dividend Yield: ―
Average Volume (3M): 1,184
Price to Earnings (P/E): -4.5
Beta (1Y): 1.01
Revenue Growth: 5.37%
EPS Growth: -59.11%
Country: India
Employees: 693
Sector: General
Sector Strength: 55
Industry: Household & Personal Products

Kaya Ltd Business Overview & Revenue Model

Company Description

Kaya Limited manages and operates a network of specialized clinics focused on dermatological and trichological well-being. The company delivers a wide spectrum of treatments addressing issues such as age-related skin concerns, pigmentation irregulari...

Kaya Ltd Financial Statement Overview

Summary

Financial fundamentals are highly strained: profitability is deeply negative with widening losses (FY2026 net loss -961.7M; EBIT -560.3M), the balance sheet shows persistent negative equity (FY2026 -1.53B) with elevated debt (2.96B vs. 2.78B assets), and recent cash flows indicate ongoing cash burn (FY2026 FCF -511.9M; FY2025 FCF -551.0M).

Income Statement

18Very Negative

Balance Sheet

12Very Negative

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.30B	2.22B	2.17B	4.04B	3.77B	3.24B
Gross Profit	938.70M	602.24M	687.29M	905.02M	3.03B	2.61B
EBITDA	-170.05M	-165.36M	349.31M	-33.24M	-146.25M	152.75M
Net Income	-972.65M	-961.73M	-453.22M	-1.29B	-1.16B	-688.37M
Balance Sheet
Total Assets	0	2.78B	2.37B	2.95B	3.70B	3.61B
Cash, Cash Equivalents and Short-Term Investments	400.72M	402.40M	110.19M	452.81M	749.34M	514.73M
Total Debt	0	2.96B	2.56B	3.01B	2.49B	2.04B
Total Liabilities	1.53B	4.31B	3.76B	5.22B	4.73B	3.62B
Stockholders Equity	-1.53B	-1.53B	-1.39B	-2.27B	-1.04B	-15.54M
Cash Flow
Free Cash Flow	-165.07M	-511.94M	-551.02M	28.55M	378.14M	139.37M
Operating Cash Flow	120.73M	-105.46M	-253.25M	387.93M	627.78M	298.89M
Investing Cash Flow	-794.32M	-631.74M	245.94M	-85.14M	-397.65M	-346.81M
Financing Cash Flow	653.38M	678.29M	-100.29M	-375.49M	-183.28M	118.47M

Kaya Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price288.80

Price Trends

50DMA322.31Negative

100DMA292.40Negative

200DMA294.43Negative

Market Momentum

MACD-8.76Positive

RSI41.32Neutral

STOCH35.90Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAYA, the sentiment is Negative. The current price of 288.80 is below the 20-day moving average (MA) of 300.92, below the 50-day MA of 322.31, and below the 200-day MA of 294.43, indicating a bearish trend. The MACD of -8.76 indicates Positive momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 35.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KAYA.

Kaya Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KAYA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:EMAMILTD	74Outperform	INR 158.00B	20.98	―	3.89%	2.82%	-8.52%
IN:DABUR	70Outperform	INR 649.27B	32.88	―	2.25%	7.40%	10.63%
IN:HINDUNILVR	69Neutral	INR 4.38T	29.09	―	2.20%	6.41%	38.32%
IN:GODREJCP	65Neutral	INR 834.22B	42.32	―	2.44%	12.02%	8.49%
IN:HONASA	63Neutral	INR 144.12B	57.79	―	0.68%	21.08%	237.04%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KAYA	51Neutral	INR 4.39B	-4.53	―	―	5.37%	-59.11%

* General Sector Average

Performance Comparison

IN:KAYA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KAYA	Kaya Ltd	288.80	-178.95	-38.26%
IN:DABUR	Dabur India Limited	366.00	-128.29	-25.95%
IN:EMAMILTD	Emami Limited	359.85	-163.49	-31.24%
IN:GODREJCP	Godrej Consumer Products Limited	815.10	-341.22	-29.51%
IN:HINDUNILVR	Hindustan Unilever Limited	1864.00	-515.09	-21.65%
IN:HONASA	Honasa Consumer Limited	442.05	164.78	59.43%

Kaya Ltd Corporate Events

Kaya Limited Announces Resignation of Head of IT

Sep 2, 2026

Kaya Limited has announced the resignation of Mr. Lokesh Wagadre from his role as Vice President and Head IT, a senior management position overseeing the company’s technology function. He will continue in his responsibilities until the close of...

Kaya Limited Announces Completion of Tenure of Independent Director Om Prakash Manchanda

Aug 3, 2026

Kaya Limited has announced that independent director Om Prakash Manchanda has completed his first consecutive five-year term on the board and ceased to be a director effective August 2, 2026, in line with regulatory requirements. The board and manage...

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.

Date of analysis: Aug 21, 2026

Kaya Ltd AI Stock Analysis