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Khaitan (India) Ltd (KHAITANLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590068 NSE: KHAITANLTD Consumer Durables - Electronics | Small Cap | Khaitan India Share Price

₹129.65 6.15 (4.98%)

As on 04-Jun'26 16:59

Khaitan (India) Ltd (KHAITANLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590068 NSE: KHAITANLTD Consumer Durables - Electronics | Small Cap | Khaitan India Share Price

₹129.65 6.15 (4.98%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹62 Cr.
Current Price
₹129.7
52-Week Low / High
₹78 / 151
TTM EPS
₹12.8
TTM Sales
₹112 Cr.
Book Value per Share
₹70.6
P/E Ratio
10.16
Higher than its 5-year historical median
Industry PE
66.6
Price to Book (P/B)
1.84
Higher than its 5-year historical median
Price to Sales (P/S)
0.55
Higher than its 5-year historical median
EV/EBITDA
7.76
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
29.31%
Outperforms industry median
Return on Capital Employed (ROCE)
27.75%
Outperforms industry median
Return on Assets (ROA)
9.93%
Operating Profit Margin
9.4%
Net Profit Margin
8.99%
Gross Profit Margin
9.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
32.96%
Operating Profit Growth (1 Year)
-
80%
Net Profit Growth (1 Year)
-
420.9%
Asset Quality
Promoter Holding
60.24%
Pledged shares (%) of Promoter's holding (%)
32.85%
Reserves
₹29 Cr.
Equity
₹4.8 Cr.
Face Value
₹10
All Time Low / High
₹5.32 / 166.98

Khaitan (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Khaitan (India) Ltd a good quality company?
Khaitan (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Khaitan (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Khaitan (India) Ltd vs industry peers?
Khaitan (India) Ltd revenue CAGR is 6.50%, compared to the industry median CAGR of 5.73%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Khaitan (India) Ltd?
Promoters hold 60.24% of the Khaitan (India) Ltd, with 32.85% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Khaitan (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 28.8% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Khaitan (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -6.1%7.2%5.2%5%-5.5%1.1%-0.7%12%15.6%27.8%-
Value Creation
Index
NA-0.5-0.6-0.6-1.4-0.9-1.1-0.10.11.0-

Growth Parameters

Sales 9.115.779.110056.745.352.359.558.477.6112
Sales YoY Gr.-72.6%402.4%26.8%-43.5%-20.1%15.4%13.8%-1.8%33%-
Adj EPS -16.35.33.51.2-10.3-12.2-6.9-0.62.811.712.8
YoY Gr.-NA-34.3%-64.3%-933.1%NANANANA316%-
BVPS (₹) -3.98878.173.950.242.436.839.242.657.770.6
Adj Net
Profit
-7.72.51.70.6-4.9-5.8-3.3-0.31.35.66
Cash Flow from Ops. 0.6111.917.93.34.76.27.50.84.9-
Debt/CF from Ops. 78.3319.71.263.82.51.414.12.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 26.9%6.5%14.1%33%
Adj EPS NANANA316%
BVPSNA2.8%16.1%35.3%
Share Price 25.7% 45.2% 34.3% -2.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-186.24.21.6-16.7-26.2-17.5-1.66.923.419.9
Op. Profit
Mgn %
-20.315.22.74.6-2.44.1-0.90.16.99.46.6
Net Profit
Mgn %
-84.815.92.10.6-8.7-12.8-6.3-0.52.37.25.4
Debt to
Equity
-250.810.60.80.90.90.60.60.40.1
Working Cap
Days
8354741561542102031661361268734
Cash Conv.
Cycle
362-150-28-54-37-32-63-55-26

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9.1215.7479.08100.2556.6545.2752.2659.4658.3777.61
Operating Expenses + 10.9713.3676.9695.6058.0143.4052.7359.4154.3270.32
Manufacturing Costs3.332.371.600.870.760.711.090.440.430.48
Material Costs4.758.0262.1177.1844.9033.4740.1445.6840.5354.59
Employee Cost 2.412.248.208.966.595.575.586.446.887.08
Other Costs 0.490.735.058.595.763.665.926.856.488.16
Operating Profit -1.852.392.124.65-1.361.86-0.470.044.057.29
Operating Profit Margin (%) -20.3%15.2%2.7%4.6%-2.4%4.1%-0.9%0.1%6.9%9.4%
Other Income + 0.664.043.820.430.440.392.015.631.202.75
Exceptional Items 0000000000
Interest 4.611.782.212.682.182.953.033.023.412.55
Depreciation 1.762.142.071.811.811.801.801.970.490.35
Profit Before Tax -7.562.511.660.59-4.91-2.50-3.290.681.347.15
Tax 000003.260000.17
Profit After Tax -7.562.511.660.59-4.91-5.77-3.290.681.346.98
PAT Margin (%) -82.9%15.9%2.1%0.6%-8.7%-12.7%-6.3%1.1%2.3%9.0%
Adjusted EPS (₹)-15.95.33.51.3-10.3-12.1-6.91.42.814.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Khaitan India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 39.1041.8137.1235.1023.8420.1417.4918.6320.2427.39
Share Capital 4.754.754.754.754.754.754.754.754.754.75
Reserves 34.3537.0632.3730.3519.0915.3912.7413.8815.4922.64
Debt +46.0833.0836.6221.3219.7717.7915.3910.2411.7210.55
Long Term Debt14.7210.6030.4715.8514.8713.8511.296.097.669.41
Short Term Debt31.3622.486.155.474.903.954.094.164.061.14
Minority Interest0000000000
Trade Payables3.3710.7424.5130.7923.0620.5620.1621.1720.0920.47
Others Liabilities 2.945.8312.7113.7113.4919.9523.5521.3617.7712.35
Total Liabilities 91.4891.47110.96100.9180.1778.4476.5771.4069.8370.76

Fixed Assets

Net Fixed Assets +58.1955.9553.8952.0150.2351.0649.1447.524745.29
Gross Block82.8958.0958.1058.0358.0660.6960.5660.9160.8858.60
Accumulated Depreciation24.702.144.216.027.839.6211.4213.3913.8813.32
CWIP 0000000000
Investments 13.3213.5711.339.913.392.892.892.462.464.93
Inventories10.622.498.996.735.485.333.835.695.505.31
Trade Receivables0.601.8722.4822.6711.8410.3312.328.896.726.55
Cash Equivalents 0.390.050.090.220.100.120.410.320.051.23
Others Assets 8.3817.5414.199.379.138.707.986.538.117.44
Total Assets 91.4891.47110.96100.9180.1778.4476.5771.4069.8370.76

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.5910.951.8617.913.294.696.227.480.834.87
PBT -7.562.511.660.59-4.91-2.50-3.290.681.347.15
Adjustment 5.74-0.053.664.103.654.434.153.993.320.50
Changes in Working Capital 2.418.5-3.4613.224.556.035.362.81-3.83-2.78
Tax Paid 00000-3.260000
Cash Flow From Investing Activity + 3.270.19-3.150.210.310.26-1.020.010.30-0.23
Capex -0.41-0.150-0.19-0.03-0.06-1.17-0.41-0.05-0.17
Net Investments 3.320-3.76000000-0.46
Others 0.350.340.610.390.340.320.160.420.360.40
Cash Flow From Financing Activity + -3.92-11.151.34-17.98-3.73-4.93-4.91-7.59-1.40-3.46
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0019.87-14.62-0.98-1.03-2.55-5.211.581.75
Interest Paid -4.60-1.77-2.21-2.68-2.18-2.95-2.50-2.45-2.88-2.28
Dividend Paid 0000000000
Others 0.69-9.38-16.32-0.69-0.57-0.950.150.06-0.10-2.92
Net Cash Flow -0.06-0.010.040.13-0.120.020.29-0.09-0.261.18

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-390.6712.554.21.64-16.64-26.23-17.463.766.8929.31
ROCE (%)-6.17.25.25.02-5.461.1-0.7311.9915.6327.75
Asset Turnover Ratio0.10.170.780.950.630.570.670.80.831.1
PAT to CFO Conversion(x)N/A4.361.1230.36N/AN/AN/A110.620.7
Working Capital Days
Receivable Days2528.2056.2082.20111.2089.4079.1065.1048.8031.20
Inventory Days474.40149.9026.5028.6039.3043.603229.203525.40
Payable Days307.30321103.60130.80218.90237.90185.10165.10185.80135.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *32.8532.8532.8532.8532.8532.6732.8532.8532.8532.85
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Khaitan (India) Ltd FAQs

The current trading price of Khaitan India on 04-Jun-2026 16:59 is ₹129.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Khaitan India stood at ₹61.58 Cr

The latest P/E ratio of Khaitan India as of 03-Jun-2026 is 10.16.

The latest P/B ratio of Khaitan India as of 03-Jun-2026 is 1.84.

The 52-week high of Khaitan India is ₹151.3 and the 52-week low is ₹78.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Khaitan India is ₹112 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Khaitan (India) Ltd is a average quality company.

The key valuation ratios of Khaitan (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Khaitan (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Khaitan (India) Ltd

Khaitan India is a part of Khaitan group, is in the business of manufacturing sugar and cane cultivation. The company was incorporated in 1936.

The company has a sugar unit at Plassey in Murshidabad district of West Bengal, which currently has a crushing capacity of 1,200 tons per day (TCD). The capacity is planned to go up to 1,500 TCD by 2007 and to 2,000 TCD by 2008. The company is installing a turbine to reduce fuel cost.

The company's agriculture division has 8,000 acres of land near its sugar unit, where a total of about 302,699 trees have been planted in the last 15 years. The plantations include litchi, mango, teak and kadam. It is estimated that after 10 years, the plantations might be valued anywhere between Rs 3,000 million and Rs 5,000 million.

The company has a 35% stake in Khaitan Electricals. It earns royalty income from the Khaitan brand name despite discontinuing marketing activities of KEL products.

Business areas of the company

  • The company mainly operates in manufacture and market of sugar.

The company works under three segments, namely, Marketing division, Sugar Division and Agriculture division.

Marketing division  used to market various products like lamps, bulbs, luminaries, home appliances, MCB, wires and other products.

Sugar division segment involved in manufacturing of sugar by using sugarcane.

Agriculture division segment engaged in growing and supplying of sugarcane.

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