Kingfa Science & Technology (India) Limited (KINGFA) AI Stock Analysis

• Market Cap: ₹59.31B
• Dividend Yield: 0.24%
• Average Volume (3M): 305.00
• Price to Earnings (P/E): 33.4
• Beta (1Y): 0.99
• Revenue Growth: 12.53%
• EPS Growth: 14.06%
• Country: IN
• Employees: 257
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 33.34
• Shares Outstanding: 13,551,381
• 10 Day Avg. Volume: 247
• 30 Day Avg. Volume: 305
• PEG Ratio: 0.94
• Price to Book (P/B): 4.89
• Price to Sales (P/S): 2.04
• P/FCF Ratio: 156.65
• 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: 69 Neutral
• Price Target: ₹4,312.00 ▼(-8.82% Downside)
• Action: Reiterated Date: 11/30/25
• Date: Action: Reiterated 11/30/25

Kingfa Science & Technology (India) Limited's strong financial performance is the primary driver of its stock score, supported by robust revenue growth and profitability. Technical analysis indicates a neutral trend, while valuation metrics suggest the stock may be overvalued. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent double-digit revenue growth (17.3%) indicates durable demand for polymers and expanding market penetration. Given the company's mix of trading and customized compound sales, this growth suggests sustained commercial traction across industrial and consumer end-markets over the next 2–6 months.

Margin Expansion

Rising gross and net margins reflect better cost management and likely greater sales of higher-margin specialty compounds. Improved margins enhance cash generation potential and provide structural resilience to absorb input cost swings, supporting reinvestment and long-term profitability.

Balance Sheet Strength

Very low leverage and a strong equity base give financial flexibility for capex, working capital, or acquisitions without stressing solvency. High ROE indicates efficient equity use, supporting strategic initiatives and cushioning the business against cyclical downturns over the medium term.

Negative Factors

Moderate Cash Conversion

Operating and free cash conversion lag net income, implying earnings are not fully translating into cash. This can constrain funding for capex, dividends or rapid growth, and may indicate persistent working-capital requirements that could pressure liquidity if margins weaken.

Input-Price Sensitivity

Reliance on resin and additive spreads exposes margins to commodity price swings. Unless the company sustains pricing power or robust pass-through mechanisms, input volatility can compress margins, making earnings and cash flow more cyclical despite specialty product offerings.

Limited Customer/Segment Disclosure

Lack of transparency on customer concentration and segment exposure limits visibility into revenue stability and relationship risk. Large-client dependency or concentrated end-market exposure could create material demand shocks that are hard to anticipate or mitigate.

Kingfa Science & Technology (India) Limited Business Overview & Revenue Model

Company Description

Kingfa Science & Technology (India) Limited (KINGFA) is a prominent player in the Indian market specializing in advanced polymer and composite materials. The company operates primarily in the manufacturing and supply of plastic products, focusing on sectors such as automotive, packaging, and consumer goods. With a commitment to innovation and sustainability, KINGFA offers a wide range of products including engineering plastics, compounded materials, and masterbatches, catering to diverse industrial needs.

How the Company Makes Money

KINGFA generates revenue through a multifaceted business model that primarily includes the sale of its polymer and composite products to various industries. Key revenue streams are derived from the manufacturing and distribution of engineered plastics, which are utilized in automotive components, packaging solutions, and consumer products. The company also engages in strategic partnerships with key players in the automotive and packaging sectors, enhancing its market reach and operational efficiency. Furthermore, KINGFA invests in research and development to innovate new materials and applications, which helps maintain a competitive edge and drives additional revenue through the introduction of new products to the market.

Kingfa Science & Technology (India) Limited Financial Statement Overview

Summary

Kingfa Science & Technology (India) Limited exhibits strong financial health with substantial revenue growth and improved profitability. The balance sheet is solid with low leverage, and while cash flow conversion rates can be enhanced, the overall financial trajectory remains positive.

Income Statement

Kingfa Science & Technology (India) Limited has demonstrated strong revenue growth, with a notable increase in Total Revenue from INR 14.87 billion to INR 17.45 billion in the latest year, marking a 17.32% growth rate. The Gross Profit Margin improved to 19.25%, indicating efficient cost management. The Net Profit Margin also rose to 8.76%, showcasing enhanced profitability. EBIT and EBITDA margins have strengthened, reflecting operational efficiency. These metrics highlight robust growth and profitability, positioning the company well in the specialty chemicals industry.

Balance Sheet

The company maintains a solid balance sheet with a Debt-to-Equity Ratio of 0.06, indicating low leverage and financial stability. The Return on Equity (ROE) increased to 20.98%, reflecting effective use of shareholders' equity to generate profits. The Equity Ratio stands at 63.05%, emphasizing strong equity financing and asset management. Overall, the balance sheet reveals a stable financial position, though there is room for improving asset utilization.

Cash Flow

Kingfa's cash flow performance is stable, with Operating Cash Flow increasing to INR 530.63 million. The Free Cash Flow turned positive at INR 227.34 million, indicating improved cash generation. The Operating Cash Flow to Net Income Ratio is 0.35, while the Free Cash Flow to Net Income Ratio is 0.15, suggesting moderate efficiency in converting profits to cash. Despite positive cash flow trends, there is potential for enhancing cash flow conversion rates.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	17.90B	17.45B	14.87B	14.04B	10.48B	6.27B
Gross Profit	3.74B	3.36B	2.37B	2.86B	1.63B	857.36M
EBITDA	2.37B	2.34B	1.87B	1.30B	595.97M	259.52M
Net Income	1.54B	1.53B	1.23B	814.10M	306.33M	53.22M
Balance Sheet
Total Assets	0.00	11.56B	9.94B	10.10B	8.77B	6.71B
Cash, Cash Equivalents and Short-Term Investments	236.63M	236.63M	51.12M	242.14M	294.17M	239.53M
Total Debt	0.00	430.02M	325.46M	424.32M	460.58M	714.11M
Total Liabilities	-7.29B	4.26B	4.06B	5.44B	4.92B	3.17B
Stockholders Equity	7.29B	7.29B	5.89B	4.66B	3.85B	3.54B
Cash Flow
Free Cash Flow	0.00	227.34M	-47.84M	27.04M	193.31M	-169.67M
Operating Cash Flow	0.00	530.63M	161.02M	272.39M	382.42M	-18.95M
Investing Cash Flow	0.00	-302.44M	19.22M	-241.56M	-181.31M	-139.16M
Financing Cash Flow	0.00	2.66M	-83.29M	-210.00M	-152.65M	172.58M

Kingfa Science & Technology (India) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4729.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KINGFA, the sentiment is Positive. The current price of 4729 is above the 20-day moving average (MA) of 4305.69, above the 50-day MA of 4265.49, and above the 200-day MA of 4003.26, indicating a bullish trend. The MACD of 9.77 indicates Negative momentum. The RSI at 54.38 is Neutral, neither overbought nor oversold. The STOCH value of 76.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KINGFA.

Kingfa Science & Technology (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASHAPURMIN	70 Outperform	₹50.48B	13.38	―	0.12%	50.87%	67.68%
ROSSARI	70 Outperform	₹27.59B	20.04	―	0.09%	15.47%	-1.72%
KINGFA	69 Neutral	₹59.31B	33.37	―	0.24%	12.53%	14.06%
SSWL	65 Neutral	₹33.73B	17.73	―	0.65%	9.22%	-71.14%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BHAGCHEM	60 Neutral	₹26.32B	199.15	―	0.06%	22.08%	-50.11%
KIRIINDUS	60 Neutral	₹27.14B	0.55	―	―	-22.04%	-58.81%