Kokuyo Camlin Limited (KOKUYOCMLN) AI Stock Analysis

• Market Cap: ₹7.71B
• Dividend Yield: 0.55%
• Average Volume (3M): 4.08K
• Price to Earnings (P/E): 57.2
• Beta (1Y): 0.95
• Revenue Growth: -3.15%
• EPS Growth: -15.95%
• Country: IN
• Employees: 1,122
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Business Equipment & Supplies
• EPS (TTM): 0.40
• Shares Outstanding: 100,303,810
• 10 Day Avg. Volume: 2,770
• 30 Day Avg. Volume: 4,078
• PEG Ratio: -2.13
• Price to Book (P/B): 3.57
• Price to Sales (P/S): 1.41
• P/FCF Ratio: 35.17
• 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: 49 Neutral
• Price Target: ₹76.00 ▼(-19.82% Downside)
• Action: Reiterated Date: 10/25/25
• Date: Action: Reiterated 10/25/25

Kokuyo Camlin Limited's overall stock score is primarily impacted by its mixed financial performance and bearish technical indicators. The stable balance sheet provides some support, but declining revenue and profitability, along with negative cash flow trends, are significant concerns. The technical analysis indicates bearish momentum, and the valuation metrics highlight potential profitability issues.

Positive Factors

Balance sheet strength

A strong equity base and manageable debt imply conservative leverage and financial stability. Over 2-6 months this gives the company flexibility to absorb shocks, access credit if needed, and prioritize strategic investments or working-capital needs without immediate reliance on external equity.

Operating cash generation

Consistent operating cash conversion supports ongoing business operations and working-capital needs. Durable operational cash generation allows funding of inventory, seasonal demand, and routine capex, reducing short-term liquidity risk and enabling self-funded strategic initiatives.

Established consumer brands & distribution

Well-known brands and a broad product mix across writing instruments, stationery and art materials create recurring, seasonal demand and diverse revenue streams. A wide retail and distributor network supports market reach and resilience across consumer, student and institutional segments.

Negative Factors

Declining revenue trend

Sustained revenue declines reduce scale advantages and may reflect weakening demand or competitive displacement. Over multiple quarters this undermines gross throughput, pressures fixed-cost absorption, and limits the company’s ability to invest in marketing, product development, or distribution expansion.

Negative free cash flow growth

Negative free cash flow growth means reported profits are not translating into discretionary cash. Persisting FCF weakness constrains capital allocation, forces reliance on external financing for growth or dividends, and limits the firm's ability to build buffers against cyclical demand drops.

Margin and profitability pressure

Declining net and operating margins point to structural pressure on profitability, from cost increases or pricing challenges. Sustained margin erosion reduces return on capital, limits reinvestment capacity, and weakens the company’s ability to generate durable shareholder returns over time.

Kokuyo Camlin Limited Business Overview & Revenue Model

Company Description

Kokuyo Camlin Limited manufactures and markets stationery products, hobby art materials, and scholastic products in India. It provides adhesives, brush pens, clay and dough products, color pencils, color pen pencils, drawing books, fountain pens, fountain pen inks and cartridge, gel crayons, geometry boxes and accessories, gift sets and kits, mechanical pencils and leads, notebooks, oil pastels, pencils and pals, pens, plastic crayons, sketch pens, student poster colors, students' water color cakes, students' water color tubes, technical and writing instruments, washable crayons, and wax crayons for students. The company also offers correction pens, gum and paste products, markers and marker inks, and office products accessories for office professionals; and acrylic sprays, art materials, artist's pastels, artist's water colors, artist's acrylic colors, artist's oil colors, brushes, canvas, drawing inks, drawing pencils/charcoals, other art materials, painting mediums, premium color and bi-color pencils, premium poster colors, students' oil colors, and water color pencils for artists and designers. In addition, it provides 3D glitters, colors, cone-liners, fluid acrylic colors, hobby brushes, hobby mediums, and sparkle colors for hobbyists. The company markets its products under the Camel and Camlin brands. It also exports its products primarily to SAARC countries, the Middle East, Far East, and Japan. The company was formerly known as Camlin Limited and changed its name to Kokuyo Camlin Limited in 2012. The company was founded in 1931 and is based in Mumbai, India. Kokuyo Camlin Limited is a subsidiary of Kokuyo Co., Ltd.

How the Company Makes Money

Kokuyo Camlin primarily makes money by selling branded stationery and art-material products. Its core revenue stream comes from the sale of writing instruments (e.g., pens/markers) and stationery products (e.g., notebooks and related school/office supplies), as well as art and hobby materials (e.g., colors/paints and drawing supplies). The company earns revenue by manufacturing and/or sourcing these products and distributing them through a network of wholesalers/distributors and retailers (including modern trade and other sales channels). Earnings are influenced by brand-driven consumer demand (especially seasonal back-to-school purchasing), product mix (higher-margin premium or specialized art products versus mass stationery), pricing, and distribution reach. Information on any specific material partnerships, customer concentration, or licensing/royalty structures is null.

Kokuyo Camlin Limited Financial Statement Overview

Summary

Kokuyo Camlin Limited shows a mixed financial performance. The income statement indicates declining revenue and profitability margins, reflecting operational difficulties. The balance sheet is stable with a strong equity base and manageable debt levels, but cash flow analysis reveals concerns, particularly with negative free cash flow growth.

Income Statement

Kokuyo Camlin Limited demonstrates a mixed performance in its income statement. The company has shown a declining revenue trend over the past year with a decrease in total revenue from 2024 to 2025. The gross profit margin is moderate, and the net profit margin has decreased significantly, indicating a reduction in profitability. EBIT and EBITDA margins also show a downward trend, suggesting operational challenges. Despite these issues, the company has managed to maintain a positive net income.

Balance Sheet

The balance sheet indicates a stable financial position with a strong equity base. The debt-to-equity ratio is manageable, suggesting a conservative use of leverage. Return on Equity (ROE) has declined, reflecting pressure on profitability. The equity ratio remains healthy, indicating the company is not overly reliant on debt financing, which is a positive indicator of financial stability.

Cash Flow

Cash flow analysis reveals some concerns, particularly with the free cash flow growth turning negative. The operating cash flow to net income ratio is strong, suggesting effective cash generation from operations. However, the free cash flow to net income ratio is weak, indicating potential challenges in maintaining liquidity without external financing.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.60B	7.63B	8.14B	7.73B	5.07B	4.03B
Gross Profit	2.60B	1.52B	2.90B	2.85B	1.78B	1.55B
EBITDA	497.91M	345.67M	822.65M	564.47M	163.36M	89.48M
Net Income	181.49M	58.33M	438.32M	244.47M	-47.28M	-146.18M
Balance Sheet
Total Assets	4.46B	4.55B	4.93B	4.42B	3.89B	3.90B
Cash, Cash Equivalents and Short-Term Investments	233.53M	77.44M	97.04M	84.92M	72.56M	70.54M
Total Debt	116.96M	541.04M	803.38M	558.07M	704.80M	782.45M
Total Liabilities	1.24B	1.53B	1.97B	1.80B	1.49B	1.47B
Stockholders Equity	3.22B	3.02B	2.96B	2.63B	2.39B	2.44B
Cash Flow
Free Cash Flow	589.66M	306.82M	-71.03M	153.77M	115.28M	582.67M
Operating Cash Flow	678.69M	517.48M	188.35M	274.79M	178.03M	617.60M
Investing Cash Flow	-88.27M	-210.01M	-176.69M	-74.06M	-55.80M	-34.22M
Financing Cash Flow	-437.45M	-329.63M	414.00K	-188.28M	-119.27M	-565.02M

Kokuyo Camlin Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 94.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KOKUYOCMLN, the sentiment is Negative. The current price of 94.79 is above the 20-day moving average (MA) of 79.64, above the 50-day MA of 83.67, and below the 200-day MA of 102.72, indicating a bearish trend. The MACD of -1.90 indicates Negative momentum. The RSI at 39.38 is Neutral, neither overbought nor oversold. The STOCH value of 70.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KOKUYOCMLN.

Kokuyo Camlin Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RSWM	66 Neutral	₹6.22B	73.65	―	―	5.54%	―
HUHTAMAKI	64 Neutral	₹12.30B	13.53	―	0.95%	-1.59%	-75.34%
OSWALAGRO	63 Neutral	₹5.64B	45.39	―	―	―	―
RUBYMILLS	63 Neutral	₹6.69B	19.45	―	0.78%	31.27%	38.24%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
NAHARPOLY	60 Neutral	₹5.89B	7.41	―	0.41%	8.64%	182.96%
KOKUYOCMLN	49 Neutral	₹7.71B	57.19	―	0.55%	-3.15%	-15.95%