KAMDHENU

Kamdhenu Limited

TMT bars, structural steel and colour coated sheets under Kamdhenu brand

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

kamdhenulimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹38.00
Market cap
1,069 Cr
Stock P/E
12.5
P/B
2.70
Dividend yield
0.7%
ROE (FY22)
12.1%
ROCE (FY22)
14.8%
Operating margin (FY22)
5.8%
Debt / equity (FY22)
0.40
OCF / EBITDA (FY26)
65.4%
OCF / EBITDA (3Y)
100.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Kamdhenu sells branded TMT steel bars, structural steel and colour-coated sheets across India, mostly made by independent franchised factories that pay it a royalty for using the brand, so it needs little capital of its own.

Company snapshot

41stBy market cap

Ranked among 64 companies in Iron & Steel Products.

Segment mix

Reportable segments as of 2022-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 73.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Plant
26.9%
68 Cr-5 Cr235 Cr
Steel
73.1%
185 Cr20 Cr193 Cr

What we see

Positives
  • ✓101% of operating profit came in as cash over the last three years — profits are backed by real cash.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales185 Cr155 Cr176 Cr185 Cr190 Cr175 Cr198 Cr196 Cr191 Cr169 Cr208 Cr213 Cr
Operating expenses (approx.)172 Cr141 Cr160 Cr170 Cr174 Cr154 Cr174 Cr174 Cr168 Cr147 Cr173 Cr192 Cr
EBITDA13 Cr14 Cr16 Cr15 Cr16 Cr21 Cr24 Cr21 Cr24 Cr22 Cr34 Cr21 Cr
OPM %7.2%9.1%9.0%8.0%8.6%11.8%12.0%10.9%12.4%12.7%16.6%9.9%
Other income2 Cr2 Cr8 Cr7 Cr6 Cr-2 Cr0.20 Cr9 Cr4 Cr7 Cr-8 Cr17 Cr
Interest0.10 Cr0.27 Cr0.07 Cr0.07 Cr0.06 Cr0.05 Cr0.04 Cr0.03 Cr0.28 Cr0.23 Cr0.23 Cr0.22 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr2 Cr
Profit before tax14 Cr15 Cr22 Cr20 Cr21 Cr17 Cr22 Cr29 Cr26 Cr27 Cr24 Cr36 Cr
Tax %24.6%25.8%24.6%23.0%24.1%26.5%24.0%25.1%27.4%22.5%28.4%21.2%
Net profit10 Cr11 Cr17 Cr15 Cr16 Cr12 Cr17 Cr21 Cr19 Cr21 Cr17 Cr29 Cr
EPS (₹)₹3.78₹4.13₹6.22₹5.73₹5.67₹0.45₹0.62₹0.76₹0.67₹0.74₹0.62₹1.02

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales868 Cr1,187 Cr1,232 Cr962 Cr625 Cr841 Cr732 Cr725 Cr747 Cr763 CrSign in free for the trailing twelve months
Operating expenses (approx.)835 Cr1,144 Cr1,179 Cr918 Cr575 Cr782 Cr672 Cr666 Cr672 Cr663 CrSign in free for the trailing twelve months
EBITDA33 Cr44 Cr53 Cr44 Cr50 Cr58 Cr60 Cr59 Cr75 Cr101 CrSign in free for the trailing twelve months
OPM %3.8%3.7%4.3%4.6%8.0%6.9%8.2%8.1%10.1%13.2%Sign in free for the trailing twelve months
Other income0.55 Cr0.71 Cr0.38 Cr0.63 Cr3 Cr2 Cr2 Cr14 Cr10 Cr11 CrSign in free for the trailing twelve months
Interest14 Cr12 Cr12 Cr12 Cr14 Cr10 Cr2 Cr0.59 Cr0.21 Cr0.77 CrSign in free for the trailing twelve months
Depreciation8 Cr8 Cr7 Cr8 Cr9 Cr9 Cr5 Cr5 Cr5 Cr6 CrSign in free for the trailing twelve months
Profit before tax12 Cr24 Cr35 Cr-0.45 Cr21 Cr35 Cr55 Cr67 Cr80 Cr106 CrSign in free for the trailing twelve months
Tax %30.9%35.8%35.7%519.7%28.0%24.9%25.3%25.1%24.3%25.7%Sign in free for the trailing twelve months
Net profit8 Cr16 Cr22 Cr2 Cr15 Cr26 Cr41 Cr50 Cr61 Cr78 CrSign in free for the trailing twelve months
EPS (₹)₹3.46₹6.70₹8.98₹0.71₹5.62₹9.77₹15.23₹18.61₹2.21₹2.78Sign in free for the trailing twelve months
Dividend payout %————8.9%8.1%6.7%8.1%9.1%9.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital23 Cr23 Cr26 Cr27 Cr27 Cr27 Cr27 Cr27 Cr28 Cr28 Cr
Reserves92 Cr120 Cr155 Cr154 Cr168 Cr191 Cr140 Cr210 Cr289 Cr368 Cr
Borrowings105 Cr87 Cr88 Cr118 Cr87 Cr87 Cr————
Other liabilities123 Cr144 Cr146 Cr165 Cr149 Cr137 Cr42 Cr47 Cr52 Cr53 Cr
Total liabilities344 Cr375 Cr415 Cr464 Cr431 Cr442 Cr209 Cr284 Cr368 Cr450 Cr
Fixed assets (net)80 Cr74 Cr90 Cr79 Cr86 Cr88 Cr47 Cr45 Cr42 Cr49 Cr
CWIP——0.78 Cr1 Cr0.76 Cr0.99 Cr0 Cr0 Cr0 Cr11 Cr
Investments3 Cr3 Cr3 Cr6 Cr9 Cr12 Cr14 Cr84 Cr187 Cr276 Cr
Loans & advances——0.42 Cr0.48 Cr0.43 Cr0.37 Cr3 Cr0.09 Cr0.02 Cr0.07 Cr
Inventories62 Cr67 Cr58 Cr78 Cr67 Cr77 Cr15 Cr12 Cr17 Cr9 Cr
Trade receivables160 Cr186 Cr223 Cr212 Cr200 Cr198 Cr82 Cr55 Cr45 Cr53 Cr
Cash & bank8 Cr8 Cr9 Cr3 Cr2 Cr12 Cr12 Cr40 Cr35 Cr28 Cr
Other assets32 Cr37 Cr32 Cr84 Cr66 Cr53 Cr36 Cr48 Cr42 Cr24 Cr
Total assets344 Cr375 Cr415 Cr464 Cr431 Cr442 Cr209 Cr284 Cr368 Cr450 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity18 Cr21 Cr25 Cr-3 Cr50 Cr44 Cr67 Cr102 Cr69 Cr66 Cr
Cash from investing-2 Cr-2 Cr-26 Cr-19 Cr-10 Cr-14 Cr-4 Cr-92 Cr-88 Cr-76 Cr
Cash from financing-17 Cr-18 Cr2 Cr15 Cr-41 Cr-20 Cr-55 Cr18 Cr14 Cr3 Cr
Net cash flow-0.71 Cr-0.05 Cr1 Cr-7 Cr-0.29 Cr10 Cr8 Cr28 Cr-5 Cr-7 Cr
Free cash flow (OCF − Capex)16 Cr18 Cr-2 Cr-17 Cr40 Cr32 Cr61 Cr99 Cr56 Cr54 Cr

Ratios

MetricMar 2021Mar 2022
ROCE %12.3%14.8%
ROE %7.7%12.1%
Debtor days11686
Inventory days7054
Days payable10763
Cash conversion cycle7977
OCF / EBITDA %100.9%74.9%
Debt / equity0.450.40
Current ratio1.521.75
Net debt / EBITDA1.701.29