KAMOPAINTS

Kamdhenu Ventures Limited

Paints platform for Kamdhenu group, marketing Kamdhenu Paints in decorative segment

Consumer Discretionary›Consumer Durables›Consumer Durables›Paints

kamdhenupaints.com

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Key metrics

Price as of 2026-10-16

Stock price

₹4.01

Market cap

132 Cr

Stock P/E

Loss (TTM EPS ₹-0.13)

P/B

0.74

ROE (FY26)

0.1%

ROCE (FY26)

2.2%

Operating margin (FY26)

1.5%

Debt / equity (FY26)

0.15

OCF / EBITDA (FY26)

115.1%

OCF / EBITDA (3Y)

-7.3%

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 Ventures (listed as KAMOPAINTS) sells decorative paints, putty, primers and other coatings under the Kamdhenu Paints brand through dealers, and does so through its wholly owned subsidiary Kamdhenu Colour and Coatings Limited (KCCL).

Company snapshot

8thBy market cap

Ranked among 8 companies in Paints.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.2% of revenue

Segment	Revenue share	Revenue	PBT	Assets
Company Segment (including other income)	0.0%	0.03 Cr	-0.10 Cr	2 Cr
Paint	100.2%	74 Cr	3 Cr	278 Cr

What we see

Positives

✓Debt-to-equity of 0.15x — the company is largely funded by its own money, not borrowed funds.

Concerns

✗Net margin is very thin at 0.1% — little room for error if costs rise.

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Statement tables · Consolidated

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

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	66 Cr	79 Cr	85 Cr	54 Cr	55 Cr	74 Cr	83 Cr	50 Cr	57 Cr	63 Cr	75 Cr	46 Cr
Operating expenses (approx.)	61 Cr	73 Cr	78 Cr	51 Cr	51 Cr	69 Cr	78 Cr	47 Cr	53 Cr	59 Cr	77 Cr	48 Cr
EBITDA	5 Cr	6 Cr	7 Cr	4 Cr	3 Cr	5 Cr	5 Cr	3 Cr	4 Cr	4 Cr	-2 Cr	-2 Cr
OPM %	7.5%	7.8%	8.5%	7.2%	6.3%	6.3%	5.8%	6.6%	6.5%	6.3%	-2.0%	-4.4%
Other income	0.13 Cr	0.10 Cr	0.15 Cr	0.13 Cr	0.14 Cr	0.15 Cr	0.14 Cr	0.11 Cr	0.12 Cr	0.12 Cr	0.54 Cr	0.11 Cr
Interest	0.65 Cr	0.41 Cr	0.43 Cr	0.61 Cr	0.83 Cr	0.73 Cr	0.76 Cr	0.79 Cr	0.99 Cr	1 Cr	0.98 Cr	0.89 Cr
Depreciation	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	2 Cr	2 Cr
Profit before tax	3 Cr	5 Cr	6 Cr	2 Cr	2 Cr	3 Cr	3 Cr	1 Cr	1 Cr	1 Cr	-4 Cr	-5 Cr
Tax %	-5.7%	12.9%	27.8%	28.2%	21.8%	26.5%	31.7%	31.0%	30.0%	32.2%	26.8%	2.6%
Net profit	3 Cr	4 Cr	4 Cr	2 Cr	1 Cr	2 Cr	2 Cr	0.87 Cr	1 Cr	0.99 Cr	-3 Cr	-4 Cr
EPS (₹)	₹0.55	₹0.65	₹0.67	₹0.05	₹0.04	₹0.06	₹0.06	₹0.03	₹0.03	₹0.03	₹-0.09	₹-0.10

Profit & loss (annual)

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

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	260 Cr	292 Cr	266 Cr	245 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	260 Cr	269 Cr	249 Cr	236 Cr	Sign in free for the trailing twelve months
EBITDA	-0.46 Cr	22 Cr	17 Cr	9 Cr	Sign in free for the trailing twelve months
OPM %	-0.2%	7.7%	6.3%	3.9%	Sign in free for the trailing twelve months
Other income	0.36 Cr	0.89 Cr	0.56 Cr	0.88 Cr	Sign in free for the trailing twelve months
Interest	6 Cr	3 Cr	3 Cr	4 Cr	Sign in free for the trailing twelve months
Depreciation	5 Cr	5 Cr	5 Cr	6 Cr	Sign in free for the trailing twelve months
Profit before tax	-11 Cr	16 Cr	9 Cr	0.52 Cr	Sign in free for the trailing twelve months
Tax %	-2.0%	13.0%	27.7%	61.1%	Sign in free for the trailing twelve months
Net profit	-11 Cr	14 Cr	7 Cr	0.20 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹-7.48	₹2.21	₹0.21	₹0.01	Sign in free for the trailing twelve months
Dividend payout %	—	0.0%	0.0%	0.0%	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

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13 Cr	31 Cr	31 Cr	33 Cr
Reserves	67 Cr	128 Cr	134 Cr	146 Cr
Borrowings	56 Cr	20 Cr	23 Cr	27 Cr
Other liabilities	83 Cr	91 Cr	76 Cr	81 Cr
Total liabilities	219 Cr	271 Cr	265 Cr	287 Cr
Fixed assets (net)	44 Cr	44 Cr	43 Cr	44 Cr
CWIP	0.97 Cr	0.28 Cr	0.07 Cr	3 Cr
Investments	0 Cr	0.90 Cr	0 Cr	0 Cr
Loans & advances	0.20 Cr	0.62 Cr	0.64 Cr	0.57 Cr
Inventories	59 Cr	66 Cr	67 Cr	56 Cr
Trade receivables	104 Cr	144 Cr	138 Cr	147 Cr
Cash & bank	3 Cr	8 Cr	5 Cr	19 Cr
Other assets	10 Cr	8 Cr	11 Cr	17 Cr
Total assets	219 Cr	271 Cr	265 Cr	287 Cr

Cash flows

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

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.19 Cr	-16 Cr	1 Cr	11 Cr
Cash from investing	-3 Cr	-6 Cr	-3 Cr	-9 Cr
Cash from financing	-4 Cr	26 Cr	-0.39 Cr	12 Cr
Net cash flow	-8 Cr	5 Cr	-3 Cr	14 Cr
Free cash flow (OCF − Capex)	-3 Cr	-22 Cr	-2 Cr	2 Cr

Ratios

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	-3.7%	10.4%	6.4%	2.2%
ROE %	-14.0%	8.7%	4.0%	0.1%
Debtor days	145	180	188	218
Inventory days	182	172	184	171
Days payable	199	184	144	163
Cash conversion cycle	129	168	228	226
OCF / EBITDA %	—	-69.3%	6.1%	115.1%
OCF / EBITDA % (3 years)	—	—	-36.9%	-7.3%
Debt / equity	0.69	0.12	0.14	0.15
Current ratio	1.42	2.22	2.50	2.51
Net debt / EBITDA	—	0.54	1.06	0.87