KAMDHENUIndustrials

Kamdhenu Limited

Iron & Steel Products · ISIN INE390H01020 · BSE 532741 · NSE EQ · FV ₹1
Last price
₹37
-0.98%today
What this company does

Kamdhenu Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹253 cr of revenue in its latest quarter (Q4 FY22) and kept 2.1% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 241–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
56

At close. Not part of the score.

Profitability & returns22

How much profit it earns on the money it employs

Balance sheet51

How much it owes, and whether earnings cover the interest

Cash quality74

Whether reported profit actually arrives as cash

Valuation93

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 14% vs last year
✓ Profit up 37% vs last year
✓ Promoters hold 49%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 2.1% net margin

What if I invest in KAMDHENU?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹37▼ -0.98%
latest close · 2026-11-04
52-wk low ₹3274 sessions so far52-wk high ₹44
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio4.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin2.1%Thin
ThinDecentStrong
EBITDA margin4.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover4.2×Okay
RiskyOkayStrong ▸5×
More figures
Market cap
₹101 cr
Book value
—
EPS
₹2.01
latest quarter
Net debt
—
Enterprise value
—
EBITDA
₹49 cr
annualised
EBIT
₹40 cr
annualised
Operating margin
3.9%
Return on assets
—
Earnings yield
21.54%
P/S
0.10
Sales / share
₹375.5
Tax rate
28.5%
Face value
₹10
Shares
2.7 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
44.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models value it far above the market price — almost always a data quirk or a value trap, so we won't call it a bargain.
Models span ₹125–₹130, midpoint ₹127

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY22 (consolidated)
Revenue from Operations₹253 cr
Other Income₹-17.8 L
Total Income₹253 cr
Cost of Materials₹150 cr
Purchases of Stock-in-Trade₹28 cr
Inventory Change (±)₹5 cr
Employee Benefit Expense₹16 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹37 cr
Total Expenses₹239 cr
Exceptional Items₹-6 cr
Profit before Tax₹8 cr
Tax Expense₹2 cr
Net Profit₹5 cr
Net margin on total income2.1%
Where the money goes · Q4 FY22
% of total income
Materials + stock-in-trade₹182 cr73.9%
Employee benefit expense₹16 cr6.3%
Finance costs₹2 cr1.0%
Depreciation & amortisation₹2 cr0.9%
Other expenses₹37 cr14.8%
Tax expense₹2 cr0.9%
Profit for the period₹5 cr2.2%
Total income ₹253 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY22Q3 FY22Q4 FY22
Revenue216 cr227 cr253 cr
Total income216 cr227 cr253 cr
Expenses206 cr217 cr239 cr
Profit before tax10 cr10 cr8 cr
Tax2 cr2 cr2 cr
Net profit (owners' share)8 cr8 cr5 cr
Net margin (owners' share, on revenue)3.5%3.4%2.1%
EPS (₹)2.842.852.01
YoY (latest quarter): total income +13.6% · net profit +37.3%
Balance sheet & cash flow
Total assets
—
Shareholder equity
—
parent shareholders
Total debt
—
Cash
—
Cash flow · H1 FY22
Operating
₹18 cr
Investing
₹-7 cr
Financing
₹-12 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,316₹61,083 cr30.6
APL Apollo Tubes Limited₹2,153₹59,783 cr39.5
Shyam Metalics and Energy Limited₹1,220₹33,885 cr16.6
Ratnamani Metals & Tubes Limited₹2,380₹16,682 cr50.8
Jindal Saw Limited₹247₹15,794 cr83.4
Usha Martin Limited₹461₹14,057 cr24.7
Gallantt Ispat Limited₹526₹12,693 cr52.4
Godawari Power And Ispat limited₹193₹11,889 cr13.4
Jayaswal Neco Industries Limited₹90₹8,704 cr9.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.07%
trailing 12 months
Dividend / share (TTM)
₹0.4
Last dividend
₹0.4
ex 18 Sep 2026
ActionDetailEx-date
Dividend₹0.4 / share18 Sep 2026
Dividend₹0.25 / share18 Sep 2025
Stock splitStock Split From Rs.10/- to Rs.1/-8 Jan 2025
Dividend₹2 / share31 Jul 2024
Dividend₹1.5 / share14 Aug 2023
Dividend₹1 / share25 Jul 2022
Who owns it · 2026-09-30
No pledge
Promoter
49.0%
FII / Foreign
1.6%
DII / Domestic
2.1%
Retail / others
47.2%
Promoter stake down 9.7% over the last 12 quarters.
Smart-money activity
Insider trades
SoldVivek Maheshwari · Other949 · ₹6.1 L12 Sep 24
SoldVivek Maheshwari · Other11,801 · ₹75.5 L12 Sep 24
SoldSatish Kumar Agarwal · Promoters10.00 L · ₹60.4 cr11 Sep 24
Bulk / block deals
SoldDIWAKAR AGGARWAL · NSE14.47 L @ ₹2125 Feb 26
SoldVARDHILAL SHIVRAMBHAI THAKKAR · NSE36.00 L @ ₹31.692 Jul 25
BoughtSW CAPITAL PRIVATE LIMITED · NSE56.88 L @ ₹32.062 Jul 25
Stake changes
SoldSatish Kumar Agarwal · promoter→ 2.81% · 10.00 L11 Sep 24
SoldSunil Kumar agrawal · promoter→ 6.05% · 10.00 L11 Sep 24
BothSatish Kumar Agarwal · promoter→ 6.61% · 4.98 L20 Jul 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2026
See the official result
1
TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026, TOGETHER WITH REPORTS OF THE AUDITORS’ AND THE BOARD OF DIRECTORS THEREON.
Backed by 100% of shareholders other than promotersneeded 50%
1.15 cr votes for, 1,100 against · 0% of mutual funds and other big investors said no
2
TO APPROVE AND DECLARE THE FINAL DIVIDEND OF RE. 0.40 (PAISA FORTY ONLY) (I. E. @ 40%) PER EQUITY SHARE HAVING FACE VALUE OF RE. 1/- EACH FULLY PAID UP FOR THE FINANCIAL YEAR 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
1.15 cr votes for, 4,050 against · 0% of mutual funds and other big investors said no
3
TO APPOINT A DIRECTOR IN PLACE OF SHRI SATISH KUMAR AGARWAL, DIRECTOR (DIN: 00005981), WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT AS DIRECTOR.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.15 cr votes for, 2,120 against · 0% of mutual funds and other big investors said no
4
TO RATIFY THE REMUNERATION PAYABLE TO THE COST AUDITORS FOR THE FINANCIAL YEAR 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
1.15 cr votes for, 1,100 against · 0% of mutual funds and other big investors said no
6
TO APPROVE REMUNERATION OF SMT. VIPIL AGARWAL, RELATED PARTY FOR HOLDING OFFICE OR PLACE OF PROFIT.
⚑ Passed only because promoters voted yes
Backed by 44% of shareholders other than promotersneeded 50%
44.67 L votes for, 57.48 L against · 89% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 25 named members
owning 49.0% between them · as of 2026-09-30
SARITA AGARWAL9.16%
SAURABH AGARWAL7.66%
SACHIN AGARWAL6.92%
SUNIL KUMAR AGARWAL5.96%
RADHA AGARWAL3.76%
SATISH KUMAR AGARWAL2.77%
SHAFALI AGRAWAL2.71%
SATISH KUMAR AGARWAL HUF (Karta: Satish Kumar Agarwal)2.15%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹57 cr raised in Feb 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 64% of what it set aside.

Acquiring stake strategically and investments in some of the franchisee units so as to remodel the franchisee business of the Company.
budget changed
100%
of what was set aside
Capital expenditure in existing manufacturing unit and or acquiring and setting up of new office premises.
8%
of what was set aside
Investments in existing and new business ventures in India and overseas for diversification.
38%
of what was set aside
Enhancing and strengthening the brand position and corporate image to leverage the overall brand premium.
budget changed
99%
of what was set aside
General corporate purposes.
59%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.