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Kamdhenu Ltd (KAMDHENU)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532741 NSE: KAMDHENU Steel & Iron Products | Small Cap | Kamdhenu Share Price
₹40.20 -0.36 (-0.89%)
As on 24-Sep'26 10:25
Kamdhenu Ltd (KAMDHENU)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532741 NSE: KAMDHENU Steel & Iron Products | Small Cap | Kamdhenu Share Price
₹40.20 -0.36 (-0.89%)
As on 24-Sep'26 10:25
Key Metrics
Valuation Multiples
Market Cap
₹1,143 Cr.
Current Price
₹40.2
52-Week Low / High
₹17 / 44
TTM EPS
₹3
TTM Sales
₹781 Cr.
Book Value per Share
₹15.1
P/E Ratio
13.35
Lower than its 5-year historical median
Industry PE
25.4
Price to Book (P/B)
2.69
Lower than its 5-year historical median
Price to Sales (P/S)
1.46
Higher than its 5-year historical median
EV/EBITDA
9.24
Lower than its 5-year historical median
Dividend Yield
1%
Profitability Efficiency
Return on Equity (ROE)
22.53%
Outperforms industry median
Return on Capital Employed (ROCE)
29.83%
Outperforms industry median
Return on Assets (ROA)
19.16%
Operating Profit Margin
13.2%
Net Profit Margin
10.26%
Gross Profit Margin
14.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
2.13%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
33.69%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
28.72%
Asset Quality
Promoter Holding
49.03%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹397 Cr.
Equity
₹28.2 Cr.
Face Value
₹1
All Time Low / High
₹0.91 / 67.22
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Kamdhenu Ltd a good quality company?
Kamdhenu Ltd is a good quality company, based on a consistently good 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 Kamdhenu Ltd performance compare with that of its Peers?
Revenue growth of Kamdhenu Ltd vs industry peers?
Kamdhenu Ltd revenue CAGR is 4.07%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Kamdhenu Ltd?
Promoters hold 49.03% of the Kamdhenu Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Kamdhenu Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.4% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Kamdhenu Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.8% | 16.4% | 18.7% | 4.1% | 11.9% | 17.7% | 23.8% | 33.4% | 29.1% | 29.8% | - |
| Value Creation Index ⓘ | -0.2 | 0.2 | 0.3 | -0.7 | -0.2 | 0.3 | 0.7 | 1.4 | 1.1 | 1.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 825 | 1,180 | 1,232 | 924 | 625 | 600 | 732 | 725 | 747 | 763 | 781 |
| Sales YoY Gr. | - | 43% | 4.5% | -25% | -32.3% | -4.1% | 22.1% | -1% | 3.1% | 2.1% | - |
| Adj EPS ⓘ | 0.3 | 0.7 | 0.9 | 0.8 | 0.7 | 1.4 | 1.5 | 1.9 | 2.2 | 2.8 | 3 |
| YoY Gr. | - | 94.1% | 28.8% | -9.4% | -3.9% | 91.9% | 7% | 23% | 17.1% | 26.9% | - |
| BVPS (₹) ⓘ | 4.9 | 5.5 | 6.7 | 6.8 | 7.2 | 8.3 | 6.2 | 7.9 | 10.8 | 14.1 | 15.1 |
| Adj Net Profit ⓘ | 8.1 | 15.5 | 22.4 | 20.6 | 19.9 | 38.3 | 40.9 | 50.3 | 60.9 | 78.3 | 86 |
| Cash Flow from Ops. ⓘ | 17.8 | 20.7 | 24.8 | -2.5 | 50.2 | 43.3 | 66.8 | 102 | 68.9 | 66 | - |
| Debt/CF from Ops. ⓘ | 6 | 4.2 | 3.6 | -46.7 | 1.9 | 2 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -0.9% | 4.1% | 1.4% | 2.1% | ||||
| Adj EPS ⓘ | 26.3% | 30.3% | 22.3% | 26.9% | ||||
| BVPSⓘ | 12.4% | 14.2% | 31.5% | 30.3% | ||||
| Share Price | 19.4% | 14.8% | 11.1% | 43.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.3 | 12 | 13.8 | 11.4 | 10.6 | 18.3 | 20.9 | 24.9 | 22 | 22 | 20.9 |
| Op. Profit Mgn % ⓘ | 4 | 3.7 | 4.4 | 5 | 8 | 9.1 | 8.2 | 8.2 | 10.1 | 13.2 | 12.9 |
| Net Profit Mgn % ⓘ | 1 | 1.3 | 1.8 | 2.2 | 3.2 | 6.4 | 5.6 | 6.9 | 8.1 | 10.3 | 11 |
| Debt to Equity ⓘ | 0.9 | 0.7 | 0.5 | 0.7 | 0.5 | 0.4 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 102 | 83 | 86 | 124 | 182 | 198 | 115 | 59 | 47 | 43 | 75 |
| Cash Conv. Cycle ⓘ | 60 | 42 | 43 | 58 | 75 | 100 | 62 | 29 | 17 | 16 | 66 |
Valuation of Kamdhenu - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 825 | 1,180 | 1,232 | 924 | 625 | 600 | 732 | 725 | 747 | 763 |
| Operating Expenses ⓘ + | 792 | 1,136 | 1,179 | 879 | 575 | 545 | 672 | 666 | 672 | 663 |
| Operating Profit ⓘ | 33 | 44 | 54 | 45 | 50 | 55 | 60 | 59 | 75 | 101 |
| Operating Profit Margin (%) | 4.0% | 3.7% | 4.4% | 4.8% | 8.0% | 9.1% | 8.2% | 8.1% | 10.1% | 13.2% |
| Other Income ⓘ + | 1 | 1 | 0 | 1 | 3 | 3 | 2 | 14 | 10 | 11 |
| Interest ⓘ | 14 | 13 | 12 | 12 | 14 | 4 | 2 | 1 | 0 | 1 |
| Depreciation ⓘ | 8 | 8 | 7 | 8 | 9 | 5 | 5 | 5 | 5 | 6 |
| Profit Before Tax ⓘ | 12 | 24 | 35 | -0 | 21 | 49 | 55 | 67 | 80 | 106 |
| Tax ⓘ | 4 | 9 | 12 | -2 | 6 | 10 | 14 | 17 | 20 | 27 |
| Profit After Tax | 8 | 16 | 22 | 2 | 15 | 39 | 41 | 50 | 61 | 78 |
| PAT Margin (%) | 1.0% | 1.3% | 1.8% | 0.2% | 2.4% | 6.6% | 5.6% | 6.9% | 8.1% | 10.3% |
| Adjusted EPS (₹) | 0.4 | 0.7 | 0.9 | 0.1 | 0.6 | 1.5 | 1.5 | 1.9 | 2.2 | 2.8 |
| Dividend Payout Ratio (%) | 23.10% | 14.90% | 11.80% | 70.50% | 14.30% | 6.80% | 9.90% | 10.80% | 11.40% | 14.40% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 115 | 128 | 178 | 179 | 195 | 224 | 167 | 213 | 299 | 396 | |
| Debt + | 105 | 87 | 88 | 118 | 87 | 81 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 85 | 106 | 110 | 122 | 99 | 90 | 19 | 24 | 27 | 19 | |
| Others Liabilities ⓘ | 38 | 54 | 39 | 45 | 50 | 64 | 23 | 47 | 42 | 34 | |
| Total Liabilities ⓘ | 344 | 375 | 415 | 464 | 431 | 460 | 209 | 284 | 368 | 450 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 80 | 74 | 90 | 86 | 91 | 94 | 47 | 45 | 42 | 49 | |
| CWIP ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 11 | |
| Investments ⓘ | 3 | 3 | 3 | 6 | 9 | 16 | 14 | 84 | 187 | 276 | |
| Inventories | 62 | 67 | 58 | 78 | 67 | 77 | 15 | 12 | 17 | 9 | |
| Trade Receivables | 160 | 186 | 223 | 212 | 200 | 198 | 82 | 55 | 45 | 53 | |
| Cash Equivalents | 10 | 10 | 11 | 5 | 4 | 16 | 12 | 54 | 43 | 28 | |
| Others Assets ⓘ | 30 | 35 | 30 | 75 | 60 | 57 | 38 | 34 | 34 | 24 | |
| Total Assets ⓘ | 344 | 375 | 415 | 464 | 431 | 460 | 209 | 284 | 368 | 450 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 18 | 21 | 25 | -3 | 50 | 43 | 67 | 102 | 69 | 66 |
| Cash Flow From Investing Activity ⓘ + | -2 | -2 | -26 | -19 | -10 | -13 | -4 | -92 | -88 | -76 |
| Cash Flow From Financing Activity ⓘ + | -17 | -18 | 2 | 15 | -41 | -20 | -55 | 18 | 14 | 3 |
| Net Cash Flow ⓘ | -1 | -0 | 1 | -7 | -0 | 10 | 8 | 28 | -5 | -7 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.35 | 12.9 | 14.7 | 1.05 | 8.07 | 18.82 | 20.98 | 26.4 | 23.76 | 22.53 |
| ROCE (%) | 11.78 | 16.38 | 18.65 | 4.14 | 11.88 | 17.65 | 23.76 | 33.43 | 29.12 | 29.83 |
| Asset Turnover Ratio | 2.71 | 3.3 | 3.21 | 2.27 | 1.55 | 1.36 | 2.22 | 2.98 | 2.32 | 1.87 |
| PAT to CFO Conversion(x) | 2.25 | 1.31 | 1.14 | -1.5 | 3.33 | 1.1 | 1.63 | 2.04 | 1.13 | 0.85 |
| Working Capital Days | ||||||||||
| Receivable Days | 63.90 | 53.30 | 58.80 | 79.70 | 108.30 | 119.70 | 69.20 | 34 | 23.90 | 23.20 |
| Inventory Days | 27.90 | 19.80 | 17.90 | 24.90 | 38.30 | 43.50 | 22.70 | 6.60 | 7 | 6.20 |
| Payable Days | 41.40 | 36.80 | 41.70 | 60.70 | 97 | 77.60 | 36.40 | 15 | 17.90 | 16.40 |
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Kamdhenu Ltd FAQs
The current trading price of Kamdhenu on 24-Sep-2026 10:25 is ₹40.20.
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-Sep-2026 the market cap of Kamdhenu stood at ₹1,143.3 Cr
The latest P/E ratio of Kamdhenu as of 23-Sep-2026 is 13.35.
The latest P/B ratio of Kamdhenu as of 23-Sep-2026 is 2.69.
The 52-week high of Kamdhenu is ₹43.81 and the 52-week low is ₹16.96.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kamdhenu is ₹781 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kamdhenu Ltd is a good quality company.
The key valuation ratios of Kamdhenu 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 Strong which suggest that the price of Kamdhenu Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Kamdhenu Ltd
Kamdhenu Ispat Limited was incorporated on September 12, 1994 in Jaipur Rajasthan. The company obtained its certificate of Commencement of Business on December 29, 1994 issued by the Registrar of Companies Jaipur, Rajasthan.
Kamdhenu Ispat the largest manufacturer of international quality Steel Bars in India, is the first company to get the prestigious ISO 9001:2000 certifications. Kamdhenu, the brand name that reverbs of strength, durability and dependence has registered the utmost brand recall in the construction industry. Kamdhenu Ispat now manufactures reinforced steel bars- TMT, CTD & SS, under the same brand.
Kamdhenu Ispat uses the latest CRM Belgium technology to manufacture its string of products- CID bars, TMT bars, TMT-Gal bars and Stainless steel in a flattering time of 18 seconds against 52 seconds of others. The manufacturing plants are fully automated for hot rolling and fine twisting techniques and use proper quenching processes for TMT technology.
Every success story has a humble beginning, so was their. This story of hard work and success started in the year 1995 when a creative young individual started work in a production unit and instigated this expedition into India's steel sector with a single reinforcement steel bars manufacturing business at Bhiwadi in Rajasthan. The hard slog and uphill struggle soon, within the flashes of year brought the journey to a milestone with Kamdhenu Ispat , where the business took shape of a company of towering reputation, in the Indian Steel market.
What started as a single manufacturing unit has now twigged into above 40 taut manufacturing units across the country as leading steel manufacturers and the string seems to be getting longer.
Product range of the company includes:
- TMT / HSD Bars
- Structural Steel
- Wirebond
- Plywood
- Homez
- Paints
- PVC Pipes
- UPVC Windows
- Kamdhenu Super Cement
Achievements/ recognition:
- Kamdhenu Ispat limited was conferred on with the prestigious business sphere award for Corporate Excellence and other distinctive contribution to the business.
- Udyog Patra
- Udyog Ratna
- Rajat Jyoti
- Udyog Jyoti Patra
- Mr. Sunil Agarwal Director Kamdhenu Ispat Ltd. Received BHARAT JYOTI AWARD for Excellent performance in Rajasthan. The award was given by Smt. Pritibha Patil Govt. of Rajasthan (Now Hon ‘able president of India).
- Certified for international quality standards ISO 9001 in the year 2000, and also certified for meeting the specifications of Bureau of Indian standards 1786:1985, the company is highly conscious about maintaining the high quality of its products always.
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