KCP Ltd.

•

kcp.co.inBSE: 590066NSE: KCP

Market Cap₹ 2,083 Cr.

Current Price

High / Low₹ 208 / 125

Stock P/E12.2

Book Value₹ 143

Price to Book0.91

Dividend Yield0.31 %

ROCE14.4 %

ROE16.6 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Cement: 54.4% • Sugar: 39.6% • Engineering: 4.3%

AI Sector View

AI GENERATED

Construction Materials

Buy

Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.

Confidence

69%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Operating margins have improved to 12.4% from 8.6%
Company generates healthy free cash flow
Company comfortably covers its interest (8.7x coverage)
Attractively priced for its growth - PEG of 0.3
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 24.2% versus prior year
A large part of profit comes from other income (25.2% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.59x)
Effective tax rate is unusually low at 4.3% - earnings may be flattered
Recurring exceptional / one-off items are inflating headline profit
Company has delivered a poor profit growth of 7.9% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Construction MaterialsConstruction MaterialsCement & Construction Materials

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ULTRACEMCO	10896.00	37.60	321082.42	2.20	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	396.05	22.49	98411.18	0.51	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	22911.30	50.71	82665.68	0.65	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	4989.80	40.78	38555.31	0.40	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1734.10	34.86	32525.81	0.52	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1257.80	12.37	23619.88	0.60	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	865.45	31.71	20449.92	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	120.85	21.67	16476.27	0.41	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	335.15	31.01	11970.09	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	351.65	117.82	10897.54	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	191.50	20.94	7740.05	0.52	73.91	-24.71	942.89	3.39	8.42	20.63
12.	KCP	161.55	12.22	2082.72	0.31	55.25	-37.70	779.34	15.20	14.43	8.17

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	744	700	777	625	691	602	601	635	677	602	614	684	779
	677	627	678	511	624	489	552	532	565	519	583	566	750
Operating Profit	67	74	99	114	67	113	49	102	111	82	32	118	29
OPM %	9.06%	10.54%	12.72%	18.23%	9.65%	18.82%	8.12%	16.12%	16.42%	13.66%	5.15%	17.21%	3.73%
	13	6	36	13	11	6	-3	22	16	13	15	20	27
Interest	13	13	8	7	10	9	7	6	9	10	8	6	10
Depreciation	22	23	23	22	20	23	22	21	22	23	19	21	25
Profit before Tax	46	45	104	98	48	87	18	97	97	62	19	110	55
Tax %	-8.38%	-8.04%	8.29%	15.75%	-5.25%	-13.54%	-73.03%	25.23%	7.05%	22.31%	14.80%	-10.18%	0.29%
Net Profit	0	0	0	0	51	100	32	71	89	49	17	121	55
	2.35	2.53	5.44	4.31	2.49	4.76	1.24	2.92	4.92	2.56	1.20	6.60	2.86

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,231	1,476	1,661	1,424	1,693	2,108	2,254	2,846	2,529	2,576	2,679
	1,010	1,220	1,429	1,224	1,321	1,731	2,077	2,490	2,194	2,229	2,418
Operating Profit	220	256	232	199	372	378	176	356	335	347	261
OPM %	17.90%	17.37%	13.96%	14.01%	21.97%	17.91%	7.83%	12.52%	13.25%	13.46%	9.73%
	9	2	8	4	27	39	38	69	36	64	74
Interest	51	45	41	68	55	37	41	43	36	38	34
Depreciation	63	71	76	96	92	87	90	89	85	85	88
Profit before Tax	116	143	124	39	252	292	84	293	250	288	247
Tax %	16.74%	21.80%	12.37%	-47.31%	25.15%	18.08%	-6.74%	5.69%	-1.16%	4.30%	2.33%
Net Profit	97	112	108	58	189	239	90	276	253	276	241
EPS	5.94	6.94	6.38	2.10	12.64	14.59	3.24	14.63	11.41	15.29	—
Dividend Payout %	33.68%	14.40%	15.68%	7.13%	15.82%	6.85%	3.09%	6.84%	2.19%	3.27%	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 9%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: 8%
5 Years:: 4%
3 Years:: 68%

STOCK PRICE CAGR

10 Years:: 6%
5 Years:: 4%
3 Years:: 10%
1 Year:: -20%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 17%
3 Years:: 18%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13	13	13	13	13	13	13	13	13	13
Minority Interest	140	142	167	193	197	235	295	370	419	479
	663	724	798	826	983	1,164	1,212	1,397	1,520	1,769
	543	596	639	510	483	460	600	500	616	770
Trade Payables	81	103	95	129	98	102	112	109	106	114
	217	262	264	307	378	462	436	452	428	487
Total Liabilities	1,657	1,840	1,976	1,978	2,152	2,437	2,668	2,841	3,101	3,632
	871	908	1,186	1,180	1,096	1,058	998	936	905	877
Capital Work in Progress	109	256	42	15	23	8	10	14	169	401
	14	15	15	15	11	11	10	15	12	24
	275	360	349	289	278	360	553	470	511	615
	0	0	0	0	0	0	0	173	190	156
Cash & Bank	82	32	126	274	439	572	641	915	978	1,167
	305	270	257	204	305	428	455	318	335	392
Total Assets	1,657	1,840	1,976	1,978	2,152	2,437	2,668	2,841	3,101	3,632

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	140	232	163	200	163	170	-67	106	160	206
Cash from Investing	-67	-252	-139	-28	29	-26	3	70	-83	-126
Cash from Financing	-18	-18	-14	-161	-175	-111	68	-169	-84	-63
	41	-57	-1	4	-17	1	-1	7	-7	17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.95	43.95	43.95	44.25	44.25	44.25	44.25	44.25	44.39
	1.69	2.13	3.10	2.90	3.31	3.08	2.75	2.64	2.31
	0.55	0.74	0.79	0.74	0.77	0.77	0.55	0.55	0.55
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	53.80	53.17	52.15	52.10	51.66	51.91	52.44	52.55	52.74

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-04

Shareholders meeting

2026-08-04 - KCP Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 03, 2026

2026-08-03

Shareholders meeting

2026-08-03 - KCP Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 03, 2026

2026-08-03

Outcome of Board Meeting

2026-08-03 - KCP Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-29

Structural Digital Database

2026-07-29 - Enclosing herewith the Certificate for Structural Digital Database for June 2026

2026-07-16

Updates

2026-07-16 - KCP Limited has informed the Exchange regarding 'Dividend updates'.

2026-07-16

Record Date

2026-07-16 - KCP Limited has informed the Exchange that Record date for the purpose of Dividend is 12-Aug-2026.

2026-07-14

Copy of Newspaper Publication

2026-07-14 - KCP Limited has informed the Exchange about Copy of Newspaper Publication relating to AGM

2026-07-10

Record Date

2026-07-10 - KCP Limited has informed the Exchange that Record date for the purpose of Dividend is 27-Jul-2026.

2026-07-10

Shareholders meeting

2026-07-10 - KCP Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 03, 2026

News

Recent coverage and analyst commentary for KCP

Loading news…

🤖

AI Stock Analyst

KCP Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account