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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

₹31.39 0.50 (1.62%)

As on 03-Jul'26 16:59

Kamdhenu Ltd (KAMDHENU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532741 NSE: KAMDHENU Steel & Iron Products | Small Cap | Kamdhenu Share Price

₹31.39 0.50 (1.62%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹885 Cr.
Current Price
₹31.4
52-Week Low / High
₹17 / 32
TTM EPS
₹2.8
TTM Sales
₹763 Cr.
Book Value per Share
₹14.1
P/E Ratio
11.29
Lower than its 5-year historical median
Industry PE
24.4
Price to Book (P/B)
2.23
Lower than its 5-year historical median
Price to Sales (P/S)
1.16
Higher than its 5-year historical median
EV/EBITDA
7.64
Lower than its 5-year historical median
Dividend Yield
0.8%
Profitability Efficiency
Return on Equity (ROE)
23.76%
Outperforms industry median
Return on Capital Employed (ROCE)
29.12%
Outperforms industry median
Return on Assets (ROA)
18.66%
Operating Profit Margin
10.1%
Net Profit Margin
8.14%
Gross Profit Margin
11.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3.14%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
27.83%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
21.42%
Asset Quality
Promoter Holding
49.03%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹368 Cr.
Equity
₹28.2 Cr.
Face Value
₹1
All Time Low / High
₹0.91 / 67.22

Kamdhenu stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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?
Q.1 Revenue growth of Kamdhenu Ltd vs industry peers?
Kamdhenu Ltd revenue CAGR is -4.15%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 Stock return of Kamdhenu Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.4% 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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.2%11.8%16.4%18.7%4.1%11.9%17.7%23.8%33.4%29.1%-
Value Creation
Index
-0.1-0.20.20.3-0.7-0.20.30.71.41.1-

Growth Parameters

Sales 8418251,1801,232924625600732725747763
Sales YoY Gr.--1.9%43%4.5%-25%-32.3%-4.1%22.1%-1%3.1%-
Adj EPS 0.30.30.70.90.80.71.41.51.92.22.8
YoY Gr.-0%94.1%28.8%-9.4%-3.9%91.9%7%23%17.1%-
BVPS (₹) 4.54.95.56.76.87.28.36.27.910.814.1
Adj Net
Profit
8.18.115.522.420.619.938.340.950.360.978
Cash Flow from Ops. 11.717.820.724.8-2.550.243.366.810268.9-
Debt/CF from Ops. 9.264.23.6-46.71.92000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -1.3%-4.2%7.6%3.1%
Adj EPS 23%23.3%15.5%17.1%
BVPS10.2%9.8%9%36.4%
Share Price 18.8% 14.5% -0.8% 1.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.87.31213.811.410.618.320.924.92222.4
Op. Profit
Mgn %
3.843.74.4589.18.28.210.113.2
Net Profit
Mgn %
111.31.82.23.26.45.66.98.110.3
Debt to
Equity
10.90.70.50.70.50.40000
Working Cap
Days
941028386124182198115594775
Cash Conv.
Cycle
60604243587510062291766

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8418251,1801,232924625600732725747
Operating Expenses + 8097921,1361,179879575545672666672
Manufacturing Costs51546164524738495351
Material Costs644616948948698416445550526522
Employee Cost 29344047504837353840
Other Costs 868787119796424394859
Operating Profit 32334454455055605975
Operating Profit Margin (%) 3.8%4.0%3.7%4.4%4.8%8.0%9.1%8.2%8.1%10.1%
Other Income + 011013321410
Exceptional Items 0000-25-100000
Interest 1514131212144210
Depreciation 5887895555
Profit Before Tax 12122435-02149556780
Tax 44912-2610141720
Profit After Tax 88162221539415061
PAT Margin (%) 1.0%1.0%1.3%1.8%0.2%2.4%6.6%5.6%6.9%8.1%
Adjusted EPS (₹)0.40.40.70.90.10.61.51.51.92.2
Dividend Payout Ratio (%)20.10%23.10%14.90%11.80%70.50%14.30%6.80%9.90%10.80%11.40%

Valuation of Kamdhenu - 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 + 106115128178179195224167213299
Share Capital 23232326272727272728
Reserves 8292105151153168197140186271
Debt +10610587881188781000
Long Term Debt10100213000
Short Term Debt10510586871178569000
Minority Interest0000000000
Trade Payables55851061101229990192427
Others Liabilities 29385439455064234742
Total Liabilities 296344375415464431460209284368

Fixed Assets

Net Fixed Assets +47807490869194474542
Gross Block789193114110122132697072
Accumulated Depreciation31111824243138222530
CWIP 0001111000
Investments 333369161484187
Inventories71626758786777151217
Trade Receivables144160186223212200198825545
Cash Equivalents 101010115416125443
Others Assets 21303530756057383434
Total Assets 296344375415464431460209284368

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 12182125-350436710269
PBT 12122435-02136556780
Adjustment 202322252433288-3-4
Changes in Working Capital -16-11-17-23-253-10195311
Tax Paid -5-5-9-13-2-6-10-15-15-18
Cash Flow From Investing Activity + -4-2-2-26-19-10-13-4-92-88
Capex -4-2-3-26-14-10-12-5-2-13
Net Investments -0000-5-0-21-85-79
Others 00000010-55
Cash Flow From Financing Activity + -8-17-18215-41-20-551814
Net Proceeds from Shares 00150100000
Net Proceeds from Borrowing -1-1-19130-2510-100
Interest Paid -14-13-12-11-11-13-9-1-1-0
Dividend Paid -2-2-2-3-3-1-2-3-4-6
Others 10-0015-2-2-19-492320
Net Cash Flow 0-1-01-7-010828-5

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.947.3512.914.71.058.0718.8220.9826.423.76
ROCE (%)13.1811.7816.3818.654.1411.8817.6523.7633.4329.12
Asset Turnover Ratio3.062.713.33.212.271.551.362.222.982.32
PAT to CFO Conversion(x)1.52.251.311.14-1.53.331.11.632.041.13
Working Capital Days
Receivable Days57.3063.9053.3058.8079.70108.30119.7069.203423.90
Inventory Days2827.9019.8017.9024.9038.3043.5022.706.607
Payable Days31.8041.4036.8041.7060.709777.6036.401517.90

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

Kamdhenu Ltd FAQs

The current trading price of Kamdhenu on 03-Jul-2026 16:59 is ₹31.39.

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 02-Jul-2026 the market cap of Kamdhenu stood at ₹884.8 Cr

The latest P/E ratio of Kamdhenu as of 02-Jul-2026 is 11.29.

The latest P/B ratio of Kamdhenu as of 02-Jul-2026 is 2.23.

The 52-week high of Kamdhenu is ₹32.47 and the 52-week low is ₹16.96.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kamdhenu is ₹763 ( 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 Somewhat 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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