Kingfa Science & Technology (India) Limited (KINGFA) AI Stock Analysis

Kingfa Science & Technology (India) Limited

(NSE:KINGFA)

Select Model

Rating:68Neutral

Price Target:INR 7,383.00▲(9.46% Upside)

Action:downgraded

Date:09/16/26

The score is driven primarily by strong fundamentals—especially rapid earnings/revenue scaling and a very low-leverage balance sheet—partly offset by weak and volatile free-cash-flow conversion. Technicals are mixed (below the 20-day average but above longer-term averages with neutral momentum), and valuation is a headwind given the elevated P/E and no dividend yield data to offset it.

Positive Factors

Revenue ScaleRevenue has expanded more than threefold across the reported period, demonstrating meaningful business scaling and continued demand from industrial customers. Although growth moderated in 2026, the still-positive increase supports a larger operating base and sustained market presence over the coming quarters.

Negative Factors

Volatile Free Cash FlowRepeated negative free cash flow means reported earnings have not consistently translated into surplus cash available for debt reduction, investment, or shareholder returns. If this pattern persists, it could constrain financial flexibility and make growth more dependent on working-capital management or external funding.

Kingfa Science & Technology (India) Limited (KINGFA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 91.81B
Dividend Yield: 0.30%
Average Volume (3M): 657
Price to Earnings (P/E): 40.5
Beta (1Y): 0.72
Revenue Growth: 24.13%
EPS Growth: 31.33%
Country: India
Employees: 294
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Kingfa Science & Technology (India) Limited Business Overview & Revenue Model

Company Description

Kingfa Science & Technology (India) Limited, headquartered in Chennai, India, is a prominent manufacturer and supplier of advanced polymer solutions within the country. The company specializes in producing reinforced polypropylene compounds and fiber...

How the Company Makes Money

The company primarily makes money by selling polymer/engineering plastic materials (typically plastic compounds and modified/resin-based materials) to business customers that use these inputs to manufacture finished parts and products. Revenue is lar...

Kingfa Science & Technology (India) Limited Financial Statement Overview

Summary

Strong multi-year revenue and net income expansion supports the score, and the balance sheet is conservatively financed with very low leverage and strong historical ROE. The main drag is cash-flow quality: operating/FCF has been volatile, with negative free cash flow in 2024 and 2026 and only moderate cash conversion even in 2025.

Income Statement

82Very Positive

Balance Sheet

90Very Positive

Cash Flow

56Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	22.22B	19.96B	17.45B	14.87B	14.04B	10.48B
Gross Profit	4.88B	4.01B	3.36B	2.37B	2.86B	1.63B
EBITDA	3.30B	2.75B	2.34B	1.87B	1.30B	595.97M
Net Income	2.26B	1.85B	1.53B	1.23B	814.10M	306.33M
Balance Sheet
Total Assets	0	17.54B	11.56B	9.94B	10.10B	8.77B
Cash, Cash Equivalents and Short-Term Investments	4.21B	4.21B	236.63M	51.12M	242.14M	294.17M
Total Debt	0	154.04M	430.02M	325.46M	424.32M	460.58M
Total Liabilities	-13.99B	3.54B	4.26B	4.06B	5.44B	4.92B
Stockholders Equity	13.99B	13.99B	7.29B	5.89B	4.66B	3.85B
Cash Flow
Free Cash Flow	416.01M	-436.42M	227.34M	-47.84M	27.04M	193.31M
Operating Cash Flow	1.09B	676.49M	530.63M	161.02M	272.39M	382.42M
Investing Cash Flow	-4.22B	-3.96B	-302.44M	19.22M	-241.56M	-181.31M
Financing Cash Flow	4.59B	4.41B	2.66M	-83.29M	-210.00M	-152.65M

Kingfa Science & Technology (India) Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price6745.00

Price Trends

50DMA6275.54Positive

100DMA5739.61Positive

200DMA5134.63Positive

Market Momentum

MACD138.94Negative

RSI59.08Neutral

STOCH91.36Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KINGFA, the sentiment is Positive. The current price of 6745.00 is above the 20-day moving average (MA) of 6655.44, above the 50-day MA of 6275.54, and above the 200-day MA of 5134.63, indicating a bullish trend. The MACD of 138.94 indicates Negative momentum. The RSI at 59.08 is Neutral, neither overbought nor oversold. The STOCH value of 91.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KINGFA.

Kingfa Science & Technology (India) Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KINGFA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:FINEORG	75Outperform	INR 154.84B	37.05	―	0.21%	7.26%	5.73%
IN:VINATIORGA	70Outperform	INR 102.97B	24.03	―	0.89%	10.98%	-5.48%
IN:KINGFA	68Neutral	INR 91.79B	40.50	―	0.30%	24.13%	31.33%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:AETHER	55Neutral	INR 215.08B	80.86	―	―	30.76%	28.12%
IN:ANURAS	49Neutral	INR 129.99B	74.06	―	0.13%	51.77%	36.90%
IN:AARTIIND	47Neutral	INR 157.96B	26.21	―	0.23%	39.85%	103.71%

* General Sector Average

Performance Comparison

IN:KINGFA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KINGFA	Kingfa Science & Technology (India) Limited	6684.90	2146.89	47.31%
IN:AARTIIND	AARTI Industries Ltd	429.00	44.31	11.52%
IN:AETHER	Aether Industries Ltd.	1520.50	763.65	100.90%
IN:ANURAS	Anupam Rasayan India Ltd.	1140.75	68.37	6.38%
IN:FINEORG	Fine Organic Industries Ltd.	5212.05	808.99	18.37%
IN:VINATIORGA	Vinati Organics Limited	953.40	-693.98	-42.13%

Kingfa Science & Technology (India) Limited Corporate Events

Kingfa India Announces Completion of Independent Director Nilima Shinde’s Tenure in 2026

Nov 1, 2026

Kingfa Science & Technology (India) Limited has announced that independent director Nilima Ramrao Shinde will cease to serve on its board with effect from the close of business on 31 October 2026, upon completion of her second five-year term. Dur...

Kingfa India Shareholders Clear All Resolutions at 42nd AGM via E-Voting

Sep 30, 2026

Kingfa Science & Technology (India) Limited convened its 42nd Annual General Meeting on 28 September 2026 via video conference and other audio-visual means, enabling remote participation and voting by shareholders. The meeting covered all resolut...

Kingfa India AGM Highlights Compliance-Focused Virtual Meeting

Sep 28, 2026

Kingfa Science & Technology (India) Limited held its 42nd Annual General Meeting on September 28, 2026, via video conferencing and other audio-visual means, in line with circulars from the Ministry of Corporate Affairs and SEBI. The meeting ran f...

Kingfa India Announces AGM Notice and Drive to Update Investor Records

Aug 26, 2026

Kingfa Science & Technology (India) Limited has notified stock exchanges that it has published newspaper advertisements addressing its equity shareholders about the upcoming 42nd Annual General Meeting. The AGM will be held on September 28, 2026,...

Kingfa India Publishes Unaudited Q1 FY27 Results in Newspapers

Aug 16, 2026

Kingfa Science & Technology (India) Limited’s board has approved the unaudited standalone financial results for the quarter ended 30 June 2026 at its meeting on 14 August 2026. In line with Indian listing regulations, the company has publis...

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: Sep 16, 2026

Kingfa Science & Technology (India) Limited AI Stock Analysis