Kamdhenu Limited (KAMDHENU) AI Stock Analysis

• Market Cap: ₹6.64B
• Dividend Yield: 1.07%
• Average Volume (3M): 80.50K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 1.52
• Revenue Growth: 7.64%
• EPS Growth: 15.01%
• Country: IN
• Employees: 549
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.66
• Shares Outstanding: 281,883,000
• 10 Day Avg. Volume: 65,861
• 30 Day Avg. Volume: 80,501
• PEG Ratio: 0.72
• Price to Book (P/B): 2.61
• Price to Sales (P/S): 1.11
• P/FCF Ratio: 14.87
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹32.00 ▲(35.94% Upside)

Kamdhenu Limited's strong financial performance, characterized by consistent revenue growth and robust profitability, is the primary driver of its stock score. The company's valuation metrics suggest it may be undervalued, adding to its appeal. Technical indicators are mixed, with some signs of weak momentum, but no immediate overbought or oversold conditions. The absence of earnings call data and notable corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and product adoption, supporting long-term business sustainability and competitiveness.

Cash Flow Management

Strong cash flow management ensures liquidity and financial flexibility, enabling the company to invest in growth opportunities and withstand economic fluctuations.

Balance Sheet Strength

A strong balance sheet with low leverage reduces financial risk and enhances the company's ability to fund operations and growth initiatives.

Negative Factors

Industry Competition

High competition in the steel industry may pressure margins and require continuous innovation and efficiency improvements to maintain market position.

Market Volatility

Market volatility can impact investor confidence and stock performance, potentially affecting capital raising and strategic initiatives.

Lack of Earnings Call Data

The absence of earnings call data limits transparency and investor insight into management's strategic vision and operational challenges.

Kamdhenu Limited Business Overview & Revenue Model

Company Description

Kamdhenu Limited manufactures, distributes, and markets steel, and paint and allied products under the Kamdhenu brand name in India. It operates through two segments, Steel and Paints. The company offers thermo mechanical treatment bars and rebars; MS pipes and tubes; structural steel, such as angles, channels, beams, flats, rounds, and squares; and pre-engineered buildings, roofing systems, air ventilators, deck systems, and crimp curves, as well as accessories. It also provides paint products comprising exterior and interior emulsions, acrylic washable distemper, premium enamel paint, wood coating products, water proofing solutions, roof coating solutions, textures, stains, colorants, water based primers, wood finishes, aluminum paints, and textured and designer paints. In addition, the company offers arch/curved profiles, SDF screws, and fiber sheets. It offers its products through a network of dealers and distributors. The company was formerly known as Kamdhenu Ispat Limited and changed its name to Kamdhenu Limited in January 2016. Kamdhenu Limited was incorporated in 1994 and is based in Gurugram, India.

How the Company Makes Money

Kamdhenu generates revenue primarily through the sale of construction materials, including TMT bars and cement. The company operates through a network of franchisees and distributors, enabling it to reach a wide customer base across India. Key revenue streams include direct sales to construction companies, retail sales through distributors, and exports. Additionally, Kamdhenu has established significant partnerships with various suppliers and contractors, enhancing its market presence and operational efficiencies. The company also benefits from rising demand in the construction sector, driven by ongoing infrastructure projects and urbanization trends in India.

Kamdhenu Limited Financial Statement Overview

Summary

Kamdhenu Limited presents a strong financial profile with consistent revenue growth, robust profitability, and a solid balance sheet. The company's low leverage and strong cash flow management further enhance its financial stability. These factors contribute to a positive outlook, positioning the company well for future growth within the steel industry.

Income Statement

Kamdhenu Limited has demonstrated consistent revenue growth over the years, with a notable increase from 2024 to 2025. The company maintains strong profitability margins, as evidenced by a rising gross profit margin and a healthy net profit margin. EBIT and EBITDA margins are also robust, indicating effective cost management and operational efficiency. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet of Kamdhenu Limited shows a stable financial position with a strong equity base. The debt-to-equity ratio is low, indicating minimal leverage and reduced financial risk. Return on equity is strong, reflecting efficient use of shareholder funds. The equity ratio is high, highlighting a solid asset base funded by equity. The company's financial stability is balanced by its ability to maintain low debt levels.

Cash Flow

Kamdhenu Limited has demonstrated strong cash flow management, with positive operating cash flow across the years. The free cash flow growth rate is impressive, indicating effective capital expenditure management. The operating cash flow to net income ratio demonstrates a strong cash conversion capability, while the free cash flow to net income ratio underscores the company's ability to generate cash from operations. Overall, the cash flow statement reflects healthy cash generation and prudent financial management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.59B	7.47B	7.25B	7.32B	6.00B	6.25B
Gross Profit	2.34B	2.25B	1.24B	1.06B	1.54B	1.94B
EBITDA	944.24M	858.72M	724.08M	615.67M	622.47M	429.06M
Net Income	668.54M	608.67M	501.33M	410.24M	267.55M	150.76M
Balance Sheet
Total Assets	0.00	3.68B	2.84B	2.09B	4.42B	4.31B
Cash, Cash Equivalents and Short-Term Investments	2.06B	2.06B	1.33B	215.88M	235.40M	101.15M
Total Debt	0.00	12.34M	27.02M	37.44M	936.98M	1.00B
Total Liabilities	-3.16B	520.79M	466.78M	418.23M	2.24B	2.36B
Stockholders Equity	3.16B	3.16B	2.37B	1.67B	2.18B	1.95B
Cash Flow
Free Cash Flow	0.00	555.97M	992.16M	614.00M	234.56M	404.63M
Operating Cash Flow	0.00	688.68M	1.02B	667.58M	436.52M	502.00M
Investing Cash Flow	0.00	-878.74M	-923.50M	-40.30M	-140.31M	-95.61M
Financing Cash Flow	0.00	140.34M	184.50M	-545.21M	-199.85M	-409.36M

Kamdhenu Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAMDHENU, the sentiment is Negative. The current price of 23.54 is below the 20-day moving average (MA) of 24.97, below the 50-day MA of 26.41, and below the 200-day MA of 28.76, indicating a bearish trend. The MACD of -1.02 indicates Positive momentum. The RSI at 35.70 is Neutral, neither overbought nor oversold. The STOCH value of 25.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KAMDHENU.

Kamdhenu Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KAMDHENU	73 Outperform	₹6.64B	9.46	―	1.07%	7.64%	15.01%
NELCAST	64 Neutral	₹9.17B	24.94	―	0.48%	0.43%	-23.95%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKCOAT	58 Neutral	₹14.01B	32.32	―	0.04%	18.99%	96.30%
TNPL	55 Neutral	₹10.01B	-49.84	―	2.08%	4.65%	-127.24%
STEELXIND	54 Neutral	₹11.92B	34.81	―	―	5.31%	30.14%
SAURASHCEM	53 Neutral	₹9.03B	26.24	―	2.39%	2.37%	55.27%

Kamdhenu Limited Corporate Events

Kamdhenu Limited Seeks Shareholder Approval for Fund Allocation Changes

Kamdhenu Limited has announced a postal ballot to seek shareholder approval for modifying the fund allocation of preferential issue proceeds and extending the timeline for fund utilization. The company has engaged KFin Technologies Limited to facilitate electronic voting for this process, which will take place from November 25 to December 24, 2025. This move is expected to impact the company’s financial strategy and could influence stakeholder confidence.