Kamdhenu Ltd.

•

₹ 35.224.63%

2026-08-21

kamdhenulimited.comBSE: 532741NSE: KAMDHENU

Market Cap₹ 952 Cr.

Current Price₹ 34

High / Low₹ 37 / 16

Stock P/E36.2

Book Value—

Price to Book—

Dividend Yield1.18 %

ROCE15.3 %

ROE12.7 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Steel: 71.3% • Paints: 28.7%

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.11x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 2.1x

CONS

Promoter holding has decreased over last 2 years: -8.0pp
Company has a low return on equity of 7.3% over last 3 years
Company has a low return on capital employed of 10.4%
Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (10.2%)

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

Peer comparison

EDIT COLUMNS

Metals & MiningIron & SteelSteel & Iron Products

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JSWSTEEL	1281.30	12.64	313336.02	0.55	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	184.00	20.82	229695.59	2.17	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	172.50	16.68	71251.56	1.36	1644.05	120.80	26245.67	1.25	6.39	15.92
4.	JSL	723.75	18.37	59667.37	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
5.	APLAPOLLO	2115.90	47.80	58749.74	0.40	263.11	10.94	5606.71	12.07	22.90	7.34
6.	WELCORP	1974.70	22.56	52090.74	0.25	1047.88	200.11	4081.12	14.91	23.94	32.17
7.	SHYAMMETL	988.70	24.57	27597.77	0.46	350.73	20.66	5455.09	23.45	13.88	14.03
8.	SARDAEN	512.45	15.98	18057.78	0.39	478.13	9.50	1608.04	-1.07	15.84	41.59
9.	JINDALSAW	268.95	26.32	17199.57	0.74	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	GPIL	246.30	20.55	16578.39	0.41	222.37	2.75	1750.47	32.29	23.51	19.36
11.	RATNAMANI	2295.95	37.17	16092.77	0.44	107.03	-15.82	971.63	-15.63	18.01	16.69
12.	KAMDHENU	33.77	36.18	951.92	1.18	5.41	37.35	252.83	13.70	29.12	2.60

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022
	881	1,464	1,928	2,224	1,459	2,155	2,265	253
	871	1,437	1,846	2,069	1,393	2,064	2,169	235
Operating Profit	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—
Other Income	9	11	14	1	9	9	3	-0
Interest	37	39	33	27	27	26	25	2
Depreciation	21	21	22	22	23	23	23	2
	19	38	96	55	75	100	99	8
Tax %	25.36%	34.69%	25.46%	28.76%	25.93%	23.47%	22.82%	28.54%
Net Profit	14	25	72	39	56	76	77	5
	1	1	3	1	2	3	3	2
Equity Capital	269	269	269	269	269	269	269	27
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	269	269	269	269	269	269	269	27
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2020

: 881
: 871
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 37
Depreciation: 21
: 19
Tax %: 25.36%
Net Profit: 14
: 1
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2020

: 1,464
: 1,437
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 39
Depreciation: 21
: 38
Tax %: 34.69%
Net Profit: 25
: 1
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2020

: 1,928
: 1,846
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 33
Depreciation: 22
: 96
Tax %: 25.46%
Net Profit: 72
: 3
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2021

: 2,224
: 2,069
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 27
Depreciation: 22
: 55
Tax %: 28.76%
Net Profit: 39
: 1
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2021

: 1,459
: 1,393
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 27
Depreciation: 23
: 75
Tax %: 25.93%
Net Profit: 56
: 2
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2021

: 2,155
: 2,064
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 26
Depreciation: 23
: 100
Tax %: 23.47%
Net Profit: 76
: 3
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2021

: 2,265
: 2,169
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 25
Depreciation: 23
: 99
Tax %: 22.82%
Net Profit: 77
: 3
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 269
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2022

: 253
: 235
Operating Profit: —
OPM %: —
Other Income: -0
Interest: 2
Depreciation: 2
: 8
Tax %: 28.54%
Net Profit: 5
: 2
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	TTM
	924	625	841	841
	879	575	782	797
Operating Profit	45	54	61	—
OPM %	5	9	7	—
Other Income	1	3	2	2
Interest	12	14	10	10
Depreciation	8	9	9	9
	-0	21	35	35
Tax %	509	28	25	25
Net Profit	2	15	26	26
EPS	0	6	10	—
Dividend Payout %	71	14	10	—
Minority Interest	0	0	0	-0
Share of Associates	0	0	0	0
Adjusted EPS	0	1	1	—
Minority Interest	0	0	0	-0
Share of Associates	0	0	0	0
Adjusted EPS	0	1	1	—

Mar 2020

: 924
: 879
Operating Profit: 45
OPM %: 5
Other Income: 1
Interest: 12
Depreciation: 8
: -0
Tax %: 509
Net Profit: 2
EPS: 0
Dividend Payout %: 71
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2021

: 625
: 575
Operating Profit: 54
OPM %: 9
Other Income: 3
Interest: 14
Depreciation: 9
: 21
Tax %: 28
Net Profit: 15
EPS: 6
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2022

: 841
: 782
Operating Profit: 61
OPM %: 7
Other Income: 2
Interest: 10
Depreciation: 9
: 35
Tax %: 25
Net Profit: 26
EPS: 10
Dividend Payout %: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

TTM

: 841
: 797
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 10
Depreciation: 9
: 35
Tax %: 25
Net Profit: 26
EPS: —
Dividend Payout %: —
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 20%
5 Years:: 16%
3 Years:: 5%
1 Year:: 14%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 7%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022
LIABILITIES	-	-	-
Equity Capital	27	27	27
	153	168	191
	118	91	75
Trade Payables	122	99	90
	45	46	59
Total Liabilities	464	431	442
ASSETS	-	-	-
	86	91	93
Capital Work in Progress	1	1	1
	6	9	12
	78	67	77
	0	0	0
Cash & Bank	5	4	14
	287	260	245
Total Assets	464	431	442
Total Debt	118	94	87
Net Working Capital	101	111	142
Contingent Liabilities	0	4	16
Book Value per Share	67.57	72.30	80.97
Face Value	10.00	10.00	10.00
Total Debt	118	94	87
Net Working Capital	101	111	142
Contingent Liabilities	0	4	16
Book Value per Share	67.57	72.30	80.97
Face Value	10.00	10.00	10.00

Mar 2020

Equity Capital: 27
: 153
: 118
Trade Payables: 122
: 45
Total Liabilities: 464
: 86
Capital Work in Progress: 1
: 6
: 78
: 0
Cash & Bank: 5
: 287
Total Assets: 464
Total Debt: 118
Net Working Capital: 101
Contingent Liabilities: 0
Book Value per Share: 67.57
Face Value: 10.00
Total Debt: 118
Net Working Capital: 101
Contingent Liabilities: 0
Book Value per Share: 67.57
Face Value: 10.00

Mar 2021

Equity Capital: 27
: 168
: 91
Trade Payables: 99
: 46
Total Liabilities: 431
: 91
Capital Work in Progress: 1
: 9
: 67
: 0
Cash & Bank: 4
: 260
Total Assets: 431
Total Debt: 94
Net Working Capital: 111
Contingent Liabilities: 4
Book Value per Share: 72.30
Face Value: 10.00
Total Debt: 94
Net Working Capital: 111
Contingent Liabilities: 4
Book Value per Share: 72.30
Face Value: 10.00

Mar 2022

Equity Capital: 27
: 191
: 75
Trade Payables: 90
: 59
Total Liabilities: 442
: 93
Capital Work in Progress: 1
: 12
: 77
: 0
Cash & Bank: 14
: 245
Total Assets: 442
Total Debt: 87
Net Working Capital: 142
Contingent Liabilities: 16
Book Value per Share: 80.97
Face Value: 10.00
Total Debt: 87
Net Working Capital: 142
Contingent Liabilities: 16
Book Value per Share: 80.97
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022
	-3	50	44
Cash from Investing	-19	-10	-14
Cash from Financing	15	-41	-20
	-7	-0	10
Free Cash Flow	-3	39	32
OCF / Net Profit	-1.36	3.33	1.66
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	-1.36	3.33	1.66
Cumulative 5-Year FCF	0	0	0

Mar 2020

: -3
Cash from Investing: -19
Cash from Financing: 15
: -7
Free Cash Flow: -3
OCF / Net Profit: -1.36
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.36
Cumulative 5-Year FCF: 0

Mar 2021

: 50
Cash from Investing: -10
Cash from Financing: -41
: -0
Free Cash Flow: 39
OCF / Net Profit: 3.33
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.33
Cumulative 5-Year FCF: 0

Mar 2022

: 44
Cash from Investing: -14
Cash from Financing: -20
: 10
Free Cash Flow: 32
OCF / Net Profit: 1.66
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.66
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022
PER SHARE	-	-	-
EPS (₹)	0.71	5.60	9.77
Book Value (₹)	67.57	72.30	80.97
Dividend per Share (₹)	0.50	0.80	1.00
Cash EPS (₹)	0.39	0.88	1.32
PROFITABILITY	-	-	-
Operating Margin %	4.55%	7.72%	6.52%
Net Margin %	0.19%	2.17%	2.83%
ROE %	1.04%	8.06%	12.75%
ROCE %	3.93%	11.88%	15.33%
	0.40%	3.37%	6.02%
EFFICIENCY	-	-	-
Debtor Days	78	108	78
Inventory Days	29	38	28
Payable Days	64	97	60
	43	50	47
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.66x	0.48x	0.40x
Interest Coverage (x)	0.96x	2.50x	4.35x
	1.39x	1.52x	1.75x
GROWTH	-	-	-
Revenue Growth %	0.00%	-32.32%	34.47%
Operating Profit Growth %	0.00%	18.21%	13.08%
Net Profit Growth %	0.00%	704.97%	74.53%
	0.00%	0.00%	0.00%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x

Mar 2020

EPS (₹): 0.71
Book Value (₹): 67.57
Dividend per Share (₹): 0.50
Cash EPS (₹): 0.39
Operating Margin %: 4.55%
Net Margin %: 0.19%
ROE %: 1.04%
ROCE %: 3.93%
: 0.40%
Debtor Days: 78
Inventory Days: 29
Payable Days: 64
: 43
Debt to Equity (x): 0.66x
Interest Coverage (x): 0.96x
: 1.39x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 5.60
Book Value (₹): 72.30
Dividend per Share (₹): 0.80
Cash EPS (₹): 0.88
Operating Margin %: 7.72%
Net Margin %: 2.17%
ROE %: 8.06%
ROCE %: 11.88%
: 3.37%
Debtor Days: 108
Inventory Days: 38
Payable Days: 97
: 50
Debt to Equity (x): 0.48x
Interest Coverage (x): 2.50x
: 1.52x
Revenue Growth %: -32.32%
Operating Profit Growth %: 18.21%
Net Profit Growth %: 704.97%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 9.77
Book Value (₹): 80.97
Dividend per Share (₹): 1.00
Cash EPS (₹): 1.32
Operating Margin %: 6.52%
Net Margin %: 2.83%
ROE %: 12.75%
ROCE %: 15.33%
: 6.02%
Debtor Days: 78
Inventory Days: 28
Payable Days: 60
: 47
Debt to Equity (x): 0.40x
Interest Coverage (x): 4.35x
: 1.75x
Revenue Growth %: 34.47%
Operating Profit Growth %: 13.08%
Net Profit Growth %: 74.53%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.04	49.83	49.83	49.83	49.12	49.03	49.03	49.03	49.03
	6.12	9.57	6.02	6.44	5.12	3.21	2.52	1.88	2.06
	0.18	0.18	0.00	0.00	0.32	0.00	0.00	0.00	0.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.66	40.42	44.15	43.73	45.44	47.76	48.46	49.09	48.90

Jun 2024

: 57.04
: 6.12
: 0.18
Government: 0.00
: 36.66

Sep 2024

: 49.83
: 9.57
: 0.18
Government: 0.00
: 40.42

Dec 2024

: 49.83
: 6.02
: 0.00
Government: 0.00
: 44.15

Mar 2025

: 49.83
: 6.44
: 0.00
Government: 0.00
: 43.73

Jun 2025

: 49.12
: 5.12
: 0.32
Government: 0.00
: 45.44

Sep 2025

: 49.03
: 3.21
: 0.00
Government: 0.00
: 47.76

Dec 2025

: 49.03
: 2.52
: 0.00
Government: 0.00
: 48.46

Mar 2026

: 49.03
: 1.88
: 0.00
Government: 0.00
: 49.09

Jun 2026

: 49.03
: 2.06
: 0.02
Government: 0.00
: 48.90

Documents

Announcements

Record Date
2026-08-20 - Kamdhenu Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Sep-2026.
General Updates
2026-08-20 - Kamdhenu Limited has informed the Exchange about intimation of 32nd Annual General Meeting and Record Date.

Annual Reports

Nothing filed yet.

Credit Ratings

Credit Rating- Revision
2026-06-27 - Kamdhenu Limited has informed the Exchange about Credit Rating- Revision

Concalls

Jul 2026
TranscriptPPTREC
Jun 2026
Transcript PPTREC
Feb 2026
TranscriptPPTREC