KAYAConsumer Discretionary

Kaya Limited

Wellness · ISIN INE587G01015 · BSE 539276 · NSE BE · FV ₹10
Last price
₹325
+4.99%today
What this company does

Kaya Limited operates in Wellness, part of the Consumer Discretionary sector. It booked ₹56 cr of revenue in its latest quarter (Q4 FY26) and kept -49.8% of sales as profit.

In the report:
23out of 100
Equitytale Health Score
Fragile

Healthier than 23% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 301–421 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)
50

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Balance sheet8

How much it owes, and whether earnings cover the interest

Cash quality40

Whether reported profit actually arrives as cash

Growth & consistency12

Whether sales and profit have grown, and how steadily

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: valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 51%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -49.8% net margin

What if I invest in KAYA?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹325 +4.99%
latest close · 2026-09-17
1-year return
-22.9%
52-wk low ₹24352-wk high ₹575
How good is the business?
How much profit it earns from its money and its sales.
Return on capital-70.4%Loss
WeakFairStrong
Net margin-49.8%Loss
ThinDecentStrong
EBITDA margin-12.4%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover-2.0×Risky
RiskyOkayStrong ▸5×
Current ratio0.42Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹493 cr
Book value
₹-101
EPS
₹-18.28
latest quarter
Net debt
₹162 cr
owes more than its cash
Enterprise value
₹655 cr
EBITDA
₹-28 cr
annualised
EBIT
₹-74 cr
annualised
Operating margin
-33.3%
Return on assets
-40.0%
Earnings yield
P/S
2.21
Sales / share
₹147.0
Tax rate
Face value
₹10
Shares
1.5 cr
Working capital
₹-100 cr
Current assets
₹72 cr
Current liabilities
₹172 cr
Delivery %
53.9%
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 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

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 FY26 (consolidated)
Revenue from Operations₹56 cr
Other Income₹2 cr
Total Income₹58 cr
Cost of Materials₹3 cr
Purchases of Stock-in-Trade₹88.1 L
Inventory Change (±)₹12.6 L
Employee Benefit Expense₹18 cr
Finance Costs₹9 cr
Depreciation & Amortisation₹12 cr
Other Expenses₹47 cr
Total Expenses₹89 cr
Exceptional Items₹4 cr
Profit before Tax₹-28 cr
Tax Expense₹0 cr
Net Profit₹-28 cr
Net margin on total income-48.0%
Where the money goes · Q4 FY26
% of total spend
Materials + stock-in-trade₹4 cr4.3%
Employee benefit expense₹18 cr19.7%
Finance costs₹9 cr10.3%
Depreciation & amortisation₹12 cr13.0%
Other expenses₹47 cr52.7%
Total income ₹58 cr

The company made a net loss of ₹28 cr this quarter — income covered only 65 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ2 FY26Q3 FY26Q4 FY26
Revenue54 cr60 cr56 cr
Total income58 cr62 cr58 cr
Expenses77 cr92 cr89 cr
Profit before tax-19 cr-36 cr-28 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-19 cr-36 cr-28 cr
Net margin (owners' share, on revenue)-34.8%-59.2%-49.8%
EPS (₹)-13.18-23.41-18.28
YoY (latest quarter): total income -2.3% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹278 cr
Shareholder equity
₹-153 cr
parent shareholders
Total debt
₹163 cr
Cash
₹1 cr
Cash flow · H1 FY26
Operating
₹12 cr
Investing
₹-79 cr
Financing
₹65 cr
Peer comparison
Consumer Discretionary · by market value (sector-level match)
CompanyPriceMarket capP/E
Dhoot Transmission Limited₹1,580₹29,774 cr56.1
Metro Brands Limited₹950₹25,905 cr69.1
Sundram Fasteners Limited₹1,227₹25,773 cr38.3
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
SEDEMAC Mechatronics Limited₹3,111₹13,740 cr103.1
Ventive Hospitality Limited₹562₹13,119 cr40.6
Horizon Industrial Parks Limited₹52₹12,779 cr
Max Estates Limited₹578₹9,443 cr283.1
Garware Technical Fibres Limited₹800₹7,809 cr30.5
Same sector · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
51.4%
FII / Foreign
0.7%
DII / Domestic
3.0%
Retail / others
44.9%
Promoter stake down 8.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRajiv Nair · -3,234 · ₹10.7 L19 Sep 24
SoldZahida Riyaz Khan · -2,310 · ₹10.3 L10 Sep 24
SoldZahida Riyaz Khan · Employees/Designated Employees2,310 · ₹10.3 L10 Sep 24
Bulk / block deals
SoldEQUITY INTELLIGENCE INDIA PRIVATE LIMITED · NSE1.20 L @ ₹419.0126 Jun 25
BoughtRAJEEV KUMAR GUPTA · NSE70,000 @ ₹21617 Mar 25
SoldPOOJA GUPTA · NSE70,000 @ ₹21617 Mar 25
Stake changes
BoughtAxana Estates LLP→ 13.76% · 20.90 L8 Sep 25
SoldEquity Intelligence India Pvt Ltd→ 0.01% · 1.20 L26 Jun 25
SoldPortfolio Management Clients of Equity intelligence India Pvt Ltd→ 2.30% · 30,00023 Jun 25
What shareholders were asked to approve

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.

Special shareholder meeting · 5 Sep 2026
See the official result
1
To consider and approve issue of equity shares on preferential basis to the identified person and other matters related thereto.
Backed by 100% of shareholders other than promotersneeded 75%
2.08 L votes for, 12 against · 0% of mutual funds and other big investors said no
2
To appoint Mr. Harsh Mariwala (DIN: 00210342) as Chairman and Non Executive Director with effect from November 01, 2026 upon completion of his term as Chairman and Managing Director
Backed by 100% of shareholders other than promotersneeded 75%
22.98 L votes for, 12 against · 0% of mutual funds and other big investors said no
3
To approve the appointment of Mr. Rishabh Mariwala (DIN: 03072284) as Managing Director of the Company for a period of five (5) consecutive years with effect from November 01, 2026
Backed by 100% of shareholders other than promotersneeded 50%
22.98 L votes for, 12 against · 0% of mutual funds and other big investors said no
4
Amendments to the Kaya Employee Stock Option Plan, 2021
Backed by 100% of shareholders other than promotersneeded 75%
22.98 L votes for, 12 against · 0% 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 — 24 named members
owning 51.4% between them · as of 2026-06-30
Harsh C Mariwala with Late Kishore V Mariwala for Acquarius Family Trust9.37%
Harsh C Mariwala with Late Kishore V Mariwala for Gemini Family Trust9.37%
Harsh C Mariwala with Late Kishore V Mariwala for Taurus Family Trust9.37%
Harsh C Mariwala with Late Kishore V Mariwala for Valentine Family Trust9.37%
Harsh C Mariwala2.68%
Rajvi H Mariwala1.73%
Rishabh H Mariwala1.73%
Ravindra.K.Mariwala1.64%

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.

Money raised in Aug 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 52% of what it set aside.

Expansion including but not limited to opening of new clinics Relocation and renovation of existing clinics Expenditure on new machines
now filed as: Expansion including but not limited to opening of new clinics Relocation and renovation of existing clinics Expenditure on new machines
budget changed
8%
of what was set aside
Other general corporate purposes
now filed as: Other general corporate purposes
78%
of what was set aside
Not Applicable
now filed as: Working capital
budget changed
93%
of what was set aside
Spent by quarter: 68%52% (to Jun 2026) · 2 earlier quarters are left out because the company restated its figures

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

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.