Kamdhenu Ventures Ltd. (KAMOPAINTS) AI Stock Analysis

• Market Cap: ₹1.75B
• Dividend Yield: N/A
• Average Volume (3M): 115.68K
• Price to Earnings (P/E): 30.5
• Beta (1Y): 1.13
• Revenue Growth: -3.54%
• EPS Growth: -48.04%
• Country: IN
• Employees: 415
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): N/A
• Shares Outstanding: 314,355,000
• 10 Day Avg. Volume: 96,811
• 30 Day Avg. Volume: 115,677
• PEG Ratio: -0.49
• Price to Book (P/B): 1.78
• Price to Sales (P/S): 1.11
• P/FCF Ratio: -119.05
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹5.50 ▼(-8.49% Downside)

The score is held up by a conservative balance sheet and some margin improvement, but is weighed down by weak cash generation and declining revenue. Technically, the stock remains in a broader downtrend (below key moving averages with negative MACD), and the high P/E without dividend support further limits the valuation score.

Positive Factors

Conservative capital structure

A high equity ratio and very low leverage provide durable financial flexibility, lowering default and refinancing risk. This conservative structure supports investment through downturns, enables strategic capital allocation, and preserves borrowing capacity over the medium term.

Improving core operating margins

Strong gross and EBIT margins indicate effective cost control and operational efficiency in core steel-related activities. Sustained margin expansion can shield earnings against revenue volatility and allow reinvestment or pricing flexibility over the next several quarters.

Small improvement in free cash flow growth

A modest uptick in free cash flow growth suggests early progress converting earnings to distributable cash. If sustained, this trend can enhance capital expenditure funding, reduce reliance on external finance, and improve liquidity over the coming months.

Negative Factors

Declining revenue

An almost 9% year-on-year revenue drop signals weakening demand or market share erosion. Persistent top-line contraction limits scale economics, constrains margin expansion potential, and reduces headroom for reinvestment and long-term growth initiatives.

Poor cash conversion

Net income translating poorly into cash raises structural concerns about working capital and capital intensity. Weak cash conversion impairs the firm's ability to self-fund capex, defend dividends, or absorb shocks, increasing reliance on external financing longer term.

Low profitability metrics

A low net margin and subpar ROE indicate limited returns on invested capital, constraining the company's capacity to generate shareholder value. Over several quarters this dampens reinvestment ability and may limit competitive reinvigoration versus peers.

Kamdhenu Ventures Ltd. Business Overview & Revenue Model

Company Description

Kamdhenu Ventures Limited engages in trading of TMT bars and structural steel, and manufacturing of paints products in India. It operates through Steel Trading and Paint segments. The company offers exterior and interior emulsions, water based primers, wood finishes, textured and designer paints, and construction chemicals. Kamdhenu Ventures Limited was founded in 2008 and is based in Gurgaon, India.

How the Company Makes Money

Kamdhenu Ventures Ltd. generates revenue primarily through the sale of its diverse range of paint products. The company operates on a wholesale distribution model, selling its products to retailers, contractors, and directly to consumers. Key revenue streams include decorative paints, industrial coatings, and ancillary products such as paint accessories. Additionally, KAMOPAINTS benefits from strategic partnerships with distributors and retailers, which help expand its market reach and increase sales volume. The company may also engage in promotional activities and brand collaborations that enhance its visibility and drive consumer demand, contributing significantly to its earnings.

Kamdhenu Ventures Ltd. Financial Statement Overview

Summary

Mixed fundamentals: strong balance sheet (equity ratio 62.6%, low debt-to-equity 0.16) and improved gross/EBIT margins, but revenue declined 8.8% YoY, net margin is low (2.5% TTM), and cash conversion is weak (operating cash flow to net income 0.15; negative free cash flow to net income).

Income Statement

Kamdhenu Ventures Ltd. shows a mixed performance in its income statement. The gross profit margin improved to 44.1% TTM, indicating efficient production cost management. However, the net profit margin decreased to 2.5% TTM due to reduced net income, which suggests challenges in managing operating expenses. Revenue growth faced a decline of 8.8% from the previous year, indicating potential market or competitive pressures. The EBIT margin improved to 31.5% TTM, showing operational improvements, but the EBITDA margin fell to 6.3% TTM, highlighting potential issues with non-operating expenses or non-cash adjustments.

Balance Sheet

The balance sheet of Kamdhenu Ventures Ltd. reflects a stable equity position with the equity ratio at 62.6% TTM, suggesting strong financial backing. The debt-to-equity ratio is 0.16 TTM, indicating low leverage and a conservative approach to financing. Return on equity, however, is relatively low at 4.0% TTM, pointing to moderate profitability relative to shareholder investment. Overall, the company maintains a robust financial structure with minimal risk from debt.

Cash Flow

Kamdhenu Ventures Ltd. faces challenges in cash flow management. The operating cash flow to net income ratio is 0.15 TTM, indicating that net income is not translating effectively into cash. The free cash flow to net income ratio is negative, highlighting difficulties in generating cash after capital expenditures. Although there is a slight improvement in free cash flow growth, the company's ability to generate cash remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.62B	2.66B	2.92B	2.60B	0.00	0.00
Gross Profit	1.14B	1.17B	958.79M	886.55M	0.00	0.00
EBITDA	165.14M	168.22M	232.66M	-957.00K	1.00K	0.00
Net Income	59.40M	66.61M	138.55M	-112.69M	-69.00K	-149.00K
Balance Sheet
Total Assets	0.00	2.65B	2.71B	2.19B	497.00K	265.00K
Cash, Cash Equivalents and Short-Term Investments	58.99M	58.99M	85.09M	41.34M	432.00K	199.00K
Total Debt	0.00	269.81M	205.87M	568.03M	500.00K	200.00K
Total Liabilities	-1.66B	989.64M	1.11B	1.39B	545.00K	244.00K
Stockholders Equity	1.66B	1.66B	1.59B	804.84M	-48.00K	21.00K
Cash Flow
Free Cash Flow	0.00	-24.73M	-215.93M	-32.29M	-67.00K	-174.00K
Operating Cash Flow	0.00	10.19M	-155.10M	1.92M	-67.00K	-174.00K
Investing Cash Flow	0.00	-32.88M	-55.30M	-32.70M	0.00	0.00
Financing Cash Flow	0.00	-3.86M	261.84M	-44.47M	300.00K	100.00K

Kamdhenu Ventures Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAMOPAINTS, the sentiment is Negative. The current price of 6.01 is below the 20-day moving average (MA) of 6.17, below the 50-day MA of 6.46, and below the 200-day MA of 8.97, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 28.98 is Positive, neither overbought nor oversold. The STOCH value of 4.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KAMOPAINTS.

Kamdhenu Ventures Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORIENTCER	65 Neutral	₹5.03B	29.67	―	0.60%	13.78%	18.58%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KAMOPAINTS	57 Neutral	₹1.75B	30.48	―	―	-3.54%	-48.04%
MURUDCERA	56 Neutral	₹2.00B	19.88	―	1.44%	10.18%	28.03%
REGENCERAM	49 Neutral	₹1.17B	80.96	―	―	574.56%	―
SHALPAINTS	39 Underperform	₹5.15B	-8.00	―	―	8.89%	24.00%
MADHUCON	39 Underperform	₹385.95M	-0.06	―	―	-52.19%	-3109.52%

Kamdhenu Ventures Ltd. Corporate Events

Kamdhenu Ventures Reports Nil Physical Share Transfer Requests Under SEBI Special Window

Kamdhenu Ventures Limited has notified the stock exchanges that, in line with a SEBI circular on the transfer of physical shares under a special window, it has received a report from its Registrar and Transfer Agent, Skyline Financial Services Private Limited, covering re-lodged transfer-cum-demat requests between 1 December 2025 and 6 January 2026. The tabular disclosure submitted for this period shows that no transfer requests were received, processed, approved or rejected, indicating that the SEBI-mandated special window currently has no operational impact on the company’s share transfer activity for the reported month.