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Kokuyo Camlin Ltd (KOKUYOCMLN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523207 NSE: KOKUYOCMLN Printing & Stationery | Small Cap | Kokuyo Camlin Share Price

₹83.86 -1.08 (-1.27%)

As on 24-Jul'26 12:03

Kokuyo Camlin Ltd (KOKUYOCMLN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523207 NSE: KOKUYOCMLN Printing & Stationery | Small Cap | Kokuyo Camlin Share Price

₹83.86 -1.08 (-1.27%)

As on 24-Jul'26 12:03

Key Metrics
Valuation Multiples
Market Cap
₹852 Cr.
Current Price
₹83.9
52-Week Low / High
₹70 / 128
TTM EPS
₹2.5
TTM Sales
₹806 Cr.
Book Value per Share
₹32.1
P/E Ratio
34.37
Lower than its 5-year historical median
Industry PE
43.6
Price to Book (P/B)
2.65
Lower than its 5-year historical median
Price to Sales (P/S)
1.06
Lower than its 5-year historical median
EV/EBITDA
14.80
Lower than its 5-year historical median
Dividend Yield
0.36%
Profitability Efficiency
Return on Equity (ROE)
7.94%
Outperforms industry median
Return on Capital Employed (ROCE)
10.54%
Outperforms industry median
Return on Assets (ROA)
5.37%
Operating Profit Margin
7.2%
Net Profit Margin
3.08%
Gross Profit Margin
6.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.7%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
71.7%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
325.21%
Asset Quality
Promoter Holding
74.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹312 Cr.
Equity
₹10 Cr.
Face Value
₹1
All Time Low / High
₹1.07 / 230.40

Kokuyo Camlin stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Kokuyo Camlin Ltd a good quality company?
Kokuyo Camlin Ltd is a weak quality company, based on a inconsistent 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 Kokuyo Camlin Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kokuyo Camlin Ltd vs industry peers?
Kokuyo Camlin Ltd revenue CAGR is 14.86%, compared to the industry median CAGR of 5.61%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Kokuyo Camlin Ltd?
Promoters hold 74.99% of the Kokuyo Camlin Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kokuyo Camlin Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 2.49% based on the current price.

10 Year X-Ray :

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.
Kokuyo Camlin Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 4.1%6.6%8.6%4.6%-2.7%-0.2%12.6%18.7%3.8%10.5%-
Value Creation
Index
-0.7-0.5-0.4-0.7-1.2-1.0-0.10.3-0.7-0.3-

Growth Parameters

Sales 630630689634403508775816763806806
Sales YoY Gr.--0%9.4%-8%-36.4%26.1%52.4%5.3%-6.5%5.7%-
Adj EPS 0.20.81.60.5-1.4-0.42.340.62.52.5
YoY Gr.-243.5%105.1%-71%-391.5%NANA74.1%-85.4%317%-
BVPS (₹) 22.723.824.824.824.323.926.229.530.232.132.1
Adj Net
Profit
2.3816.24.7-13.8-3.623.340.65.924.725
Cash Flow from Ops. 6.114.47.664.661.717.827.518.854.539.8-
Debt/CF from Ops. 22.79.622.921.3423.50.80.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.8%14.9%1.3%5.7%
Adj EPS 30.1%NA2%317%
BVPS3.9%5.7%7%6.5%
Share Price 0.1% 2.7% -13% -27%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
13.46.71.9-5.6-1.59.314.527.97.7
Op. Profit
Mgn %
3.867.662.43.679.44.57.27.3
Net Profit
Mgn %
0.41.32.40.7-3.4-0.7350.83.13.1
Debt to
Equity
0.60.60.70.50.30.30.20.20.10.10
Working Cap
Days
14515715817121113910812513111962
Cash Conv.
Cycle
66838997125876172816935

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales630630689634403508775816763806
Operating Expenses + 607592638597395492721739729748
Manufacturing Costs34363939202749515053
Material Costs399380408381236312488494491496
Employee Cost 688093837380899498109
Other Costs 1059698946572941018990
Operating Profit 2337513781754773458
Operating Profit Margin (%) 3.7%5.9%7.3%5.8%2.0%3.2%7.0%9.4%4.4%7.2%
Other Income + 3421112611
Exceptional Items 0000000000
Interest 12101110944453
Depreciation 12171819181817192122
Profit Before Tax 215239-18-53559934
Tax 1584-40111639
Profit After Tax 110154-15-52444625
PAT Margin (%) 0.2%1.6%2.2%0.7%-3.6%-0.9%3.2%5.4%0.8%3.1%
Adjusted EPS (₹)0.21.01.50.4-1.5-0.52.44.40.62.5
Dividend Payout Ratio (%)0%0%0%0%0%0%20.50%11.40%0%12.10%

Valuation of Kokuyo Camlin - 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
mw4me loader

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 228238249249244239263296302322
Share Capital 10101010101010101010
Reserves 218228239239234229253286292312
Debt +128133168118716356654126
Long Term Debt151027221360000
Short Term Debt11312314197575756654126
Minority Interest0000000000
Trade Payables79748971384874665369
Others Liabilities 41384943383950655950
Total Liabilities 477483555481390389442493455467

Fixed Assets

Net Fixed Assets +102159165178165149140161159154
Gross Block114186209241245231229268283292
Accumulated Depreciation12284462808290107123138
CWIP 50000010000
Investments 101166141413101611
Inventories141159199184127127160191150168
Trade Receivables10611011876515974837675
Cash Equivalents 14510577810812
Others Assets 54425633263248394649
Total Assets 477483555481390389442493455467

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 614865621827195540
PBT 215239-18-53559934
Adjustment 22272929312119182624
Changes in Working Capital -19-28-3630491-19-4528-8
Tax Paid 10-8-4-0-0-8-13-8-10
Cash Flow From Investing Activity + -26-12-31-7-3-6-7-18-21-16
Capex -55-15-26-13-3-6-8-18-21-17
Net Investments 02-55-00-0-0-00
Others 29110000000
Cash Flow From Financing Activity + -8-1024-57-57-12-190-36-20
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0017-4-8-7-6000
Interest Paid -12-96-11-10-9-4-4-4-4-3
Dividend Paid -0-0-00000-5-50
Others 38618-44-39-0-99-26-17
Net Cash Flow -28-81-02011-24

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)0.674.216.241.75-5.93-1.969.7415.691.957.94
ROCE (%)4.16.68.574.64-2.65-0.1512.618.713.7910.54
Asset Turnover Ratio1.51.481.511.370.981.4121.851.721.87
PAT to CFO Conversion(x)61.40.5316.25N/AN/A1.130.439.171.6
Working Capital Days
Receivable Days52.2055.3052.7049.705436.7029.3032.9035.6031.90
Inventory Days70.2076.8083.1098.60132.4084.3063.1073.8076.5067.30
Payable Days81.7073.807376.6084.105045.3051.7044.2044.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kokuyo Camlin Ltd FAQs

The current trading price of Kokuyo Camlin on 24-Jul-2026 12:03 is ₹83.86.

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 23-Jul-2026 the market cap of Kokuyo Camlin stood at ₹852.0 Cr

The latest P/E ratio of Kokuyo Camlin as of 23-Jul-2026 is 34.37.

The latest P/B ratio of Kokuyo Camlin as of 23-Jul-2026 is 2.65.

The 52-week high of Kokuyo Camlin is ₹128.4 and the 52-week low is ₹70.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kokuyo Camlin is ₹806 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kokuyo Camlin Ltd is a below average quality company.

The key valuation ratios of Kokuyo Camlin Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kokuyo Camlin Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Kokuyo Camlin Ltd

Camlin is engaged in manufacturing of stationary products and art materials. Incorporated in 1946, it offers a range of products, such as artist materials, hobby colours, scholastic colours, scholastic stationery products, office products and writing instruments.

Company manufacturing facilities are located at Tarapur, Taloja, Jammu and Vasai. Its branch offices are located at Delhi, Calcutta, Pune and Chennai. The company started its operation by manufacturing ink bottles and currently it is handling more than 2000 products. It has strong network of 50,000 retailers. The company markets all its products under the brand name ‘Camlin’.

Milestone-

1931- Dandekar & Co commenced its operation of manufacturing Horse Brand ink powders and tablets. Later it started production of Camel Ink.

1946- Company was renamed as Camlin.

1947- The company diversified and started producing range of products, such as pain balms, chalks, rubber stamp pads, gums, adhesives and so on.

1958- The company celebrated silver jubilee year in the factory and office at Andheri, which is now the Head Office for all divisions.

1962- Company forayed into manufacturing of art material market with products such as artists' and students' oil and water colours, poster colours, geometry boxes, wax crayons, oil pastels and water colour cakes.

1974- Company started fully integrated factory was in Tarapur (100 kms from Mumbai) for manufacture of wooden pencils.

1982- Company held its very first All India Camel Colour Contest (AICCC) which much later was registered in the Limca Book of World Records for holding the record of the highest entries ever.

1984- Company has set up The Camlin Fine Chemicals & Pharmaceuticals Division at Tarapur to manufacture drug intermediates and antioxidants.

1987- Camlin became a public limited company and was listed on the Bombay Stock Exchange.

1989- Company formed a technical collaboration was established with Pilot Corporation, Japan for manufacture of 0.5 mm high-polymer leads.

1995- Camlin set up manufacturing facility at Taloja  to manufacture synthetic emulsion and adhesives. It entered into marketing collaboration with Winsor and Newton (U.K.) for its artists’ colours.

1997- There was restructuring of the organisation to meet the challenges of the new millennium.

1999- Company introduced glass colours in the hobby range. AICCC was registered in the Limca Book of World Records for receiving highest entries ever.

2002- The company launched of speciality ink group to engage the R&D expertise in ink development and manufacturing.

2003- The company launched of Camlin Exam brand, the premium quality school stationery brand.

2005- The company introduced plastic body marker range.

2009 - Camlin opened its first module pre-school in Mumbai, Camlin Alphakids Ltd, which is 100% subsidiary of the company.

2011 - All India Camel Colour Contest entered the Guinness World Records as the Largest Art Competition with the participation of 48.5 lakhs students from all across the country.

2012 - Kokuyo S & T Ltd. Japan acquired majority stake in Camlin Ltd. and rechristened the company as Kokuyo Camlin Limited. Kokuyo is a Japan based company with more than 100 years old history.

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