Kamdhenu Limited (KAMDHENU)

Capital Goods · Industrial Products · NSE · Updated 16 July 2026

₹29.76 ↓ 1.42% (1Y)

🎯 Key Takeaways

Kamdhenu Limited is transitioning from a period of volatility to stabilized profitability, marked by consistent margin expansion and shareholder-friendly returns. The company has demonstrated resilience in a challenging industrial environment, supported by royalty income growth and brand strength.
Revenue grew 11.6% QoQ to ₹253 in Q4FY22.
⚠️ Modest revenue growth (2% YoY in FY26) limits top-line expansion potential and may constrain future margin improvement.

Market Cap

₹700

P/E Ratio

26.7

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About KAMDHENU 📊 Interactive Charts

📖 The Story

Kamdhenu Limited is transitioning from a period of volatility to stabilized profitability, marked by consistent margin expansion and shareholder-friendly returns. The company has demonstrated resilience in a challenging industrial environment, supported by royalty income growth and brand strength. While revenue growth remains modest, profitability improvements and strong cash generation suggest a maturing business model with increasing operational efficiency.

📰 What's Happening

In FY26, Kamdhenu reported revenue of ₹763.4 crores, up 2% YoY, and PAT of ₹78.4 crores, up 29% YoY, with PBT margin expanding 300 bps to 13.8%. The company declared a 40% final dividend (Re. 0.40 per share) for FY26, subject to AGM approval. Royalty income grew 25% YoY, and franchise volume expanded 10% YoY, underscoring brand resilience. The Board approved the audited FY26 results and recommended the dividend, with payout expected within 30 days of AGM if approved. CARE Ratings upgraded its issuer rating from A to A+ with a Stable outlook, reflecting improved creditworthiness. Insiders are currently restricted from trading ahead of Q1 FY27 results due to SEBI-mandated trading window closure.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q1FY21	Q2FY21	Q3FY21	Q4FY21	Q1FY22	Q2FY22	Q3FY22	Q4FY22
Revenue	88	146	193	222	146	216	227	253
Operating Profit	8	10	15	10	13	15	15	12
OPM %	7.8%	6.0%	7.1%	9.2%	7.9%	6.5%	6.4%	7.2%
Net Profit	1	3	7	4	6	8	8	5
EPS	₹0.54	₹0.94	₹2.68	₹1.47	₹2.07	₹2.84	₹2.85	₹2.01

Profitability has shown a clear upward trend, with PAT growing 29% YoY in FY26 despite only 2% revenue growth, driven by margin expansion and higher royalty income. The company’s PBT margin improved to 13.8% from prior levels, indicating better cost control and operational leverage. Historical quarterly data shows a consistent pattern of profitability improvement, with OPM stabilizing around 7% and net profit rising steadily over the past few years. This suggests that cost discipline and brand-driven volume growth are translating into stronger earnings, even in a subdued macro environment.

🔮 Management Outlook & What's Next

Management highlighted the 25% YoY growth in royalty income and 10% expansion in franchise volumes as key drivers of resilience in FY26. The Board recommended a 40% final dividend, signaling confidence in cash flow generation and commitment to shareholder returns. Management also emphasized ongoing brand strength and operational stability, though no formal forward guidance on revenue or margins was provided in the filings. The focus remains on sustaining profitability and returning capital via dividends, contingent on shareholder approval.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Industrial Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Cummins India Limited	1.49 L Cr	74.4	—	—	—
Polycab India Limited	1.38 L Cr	74.8	—	—	—
APL Apollo Tubes Limited	52,483	43.6	29.3%	22.7%	0.09
KEI Industries Limited	48,924	72.7	—	—	—
Supreme Industries Limited	44,570	43.6	—	—	—
Astral Limited	41,662	79.2	—	—	—
AIA Engineering Limited	35,987	31.0	20.4%	16.8%	0.07
Welspun Corp Limited	34,530	23.2	—	—	—
Timken India Limited	26,561	61.0	—	—	—
Kirloskar Oil Engines Limited	25,295	49.8	—	—	—

🔗 Peer Stock Analyses

CUMMINSIND POLYCAB APLAPOLLO KEI SUPREMEIND

⚠️ Risk Factors

1. Modest revenue growth (2% YoY in FY26) limits top-line expansion potential and may constrain future margin improvement. 2. Heavy reliance on royalty income and franchise performance exposes the business to brand and licensing renewal risks. 3. Regulatory and compliance requirements, including SEBI insider trading norms and KYC deadlines, could impact shareholder liquidity and dividend eligibility. 4. Operating in the capital goods sector, the company may face cyclical demand pressures from infrastructure and industrial spending.

📋 Recent Filings

🧠 Analyst's Read

Kamdhenu Limited is demonstrating steady profitability improvement and disciplined capital allocation, supported by strong margins and consistent dividend policy. Investors should monitor Q1 FY27 results for continuation of margin trends and any early signs of revenue acceleration, as well as shareholder approval of the dividend and updates on capital allocation strategy.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on KAMDHENU

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-16.

📡 Get AI alerts when KAMDHENU files new disclosures

Track KAMDHENU filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track KAMDHENU — Free

Free account · 2 AI queries/day