Kingfa Science & Technology (India) Ltd (KINGFA)

Chemicals · Plastic products · NSE · Updated 2 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹6,028.35 ↑ 38.06% (1Y)

🎯 Key Takeaways

Kingfa Science & Technology (India) Ltd is in a growth phase driven by operational expansion and leadership transition, marked by strong profitability and strategic reinvestment. Management is actively reshaping governance while maintaining financial discipline, supported by consistent margin improvement and rising returns.
Revenue grew 19% QoQ to ₹689 in Q1FY27.
⚠️ The company faces execution risk related to integration of new leadership and potential strategic shifts post-leadership transition. Despite strong ma

Market Cap

₹8,169

P/E Ratio

36.2

P/B Ratio

11.21

ROE

31.0%

ROCE

39.9%

Debt/Equity

0.05

Promoter

67.0%

✨ Ask AI About KINGFA 📊 Interactive Charts

📖 The Story

Kingfa Science & Technology (India) Ltd is in a growth phase driven by operational expansion and leadership transition, marked by strong profitability and strategic reinvestment. Management is actively reshaping governance while maintaining financial discipline, supported by consistent margin improvement and rising returns. The company demonstrates high capital efficiency with minimal leverage and robust ROE/ROCE, reflecting a mature yet expanding business model in the plastic products segment.

📰 What's Happening

In Q1 FY2026, the board approved unaudited results showing revenue growth to ₹689 crore and operating profit of ₹103 crore, up from ₹462 crore and ₹52 crore in the same quarter last year. A final dividend of ₹20 per share was recommended for FY2025-26, pending shareholder approval at the AGM on September 21, 2026. Key leadership changes include the appointment of Wang Dazhong as Chairman & Managing Director and Xie Dongming as CFO, while Bo Jingen resigned as Chairman and Chen Xiaoqiong as CFO effective August 14, 2026. These appointments signal a strategic shift in management focus following the exit of previous leadership.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	462	466	489	578	689
Operating Profit	52	53	55	73	103
OPM %	11.2%	11.5%	11.1%	12.7%	15.0%
Net Profit	40	41	45	59	80
EPS	₹29.36	₹30.36	₹33.34	₹43.65	₹59.19

Revenue has grown steadily over the past four quarters, rising from ₹462 crore in June 2025 to ₹689 crore in June 2026, with operating margins expanding from 11.2% to 15.0%. Net profit and EPS have followed an upward trend, increasing from ₹40 crore and ₹29.36 in June 2025 to ₹80 crore and ₹59.19 in June 2026. This growth appears to be driven by operational scaling and improved efficiency, as highlighted by management's consistent performance in filings without external tailwinds. The margin expansion aligns with management's focus on value-driven growth rather than volume-led increases.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the latest filings beyond the dividend proposal and leadership transition timeline. However, the board's approval of Q1 FY2026 results and recommendation of a ₹20 dividend suggests confidence in sustaining current performance levels. The appointment of new leadership, particularly in finance and governance roles, indicates an intent to stabilize and potentially scale operations under a refreshed strategic direction. No official growth targets or capital allocation plans were disclosed in the available regulatory documents.

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

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	12	12	14	14
Reserves	641	716	1,281	1,386
Borrowings	46	39	19	15
Total Liabilities	1,063	1,156	1,735	1,754
Fixed Assets	245	244	290	300
Investments	0	0	0	0
Total Assets	1,063	1,156	1,735	1,754

The balance sheet shows a strong equity base of ₹14 crore with reserves growing to ₹1,386 crore as of March 2026, up from ₹716 crore in March 2025, indicating retained earnings are being accumulated. Borrowings remain extremely low at ₹15 crore, down from ₹39 crore a year ago, reflecting a conservative capital structure. Total assets have grown to ₹1,754 crore, suggesting increased investment in operations. This pattern points to a strategy of reinvesting profits into asset growth while maintaining financial stability and avoiding excessive leverage.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+60
Investing	-30
Financing	-7
Net Cash Flow	+23

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	67.0%	67.0%	67.0%	67.0%
FII	7.8%	7.7%	7.8%	7.7%
DII	8.8%	8.8%	8.8%	8.8%
Public	13.5%	13.5%	13.4%	13.3%
# Shareholders	12,610	12,303	11,991	12,293

Promoter holding remains stable at 67.02% over the past year, indicating confidence in long-term prospects. Institutional interest is gradually increasing, with FII shareholding rising slightly from 7.73% to 7.78% and DII from 8.75% to 8.85% between Q2 FY26 and Q1 FY27. The number of public shareholders has declined slightly, but overall shareholder dispersion remains low. No significant selling by promoters or institutions is evident, and the shareholder base remains broad-based with over 12,000 individual investors.

⚖️ Peer Comparison — Plastic products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
SUPREMEIND	45,398	44.0	22.1%	16.7%	0.00
ASTRAL	40,535	70.4	20.0%	14.2%	0.04
SHAILY	14,945	84.5	33.8%	32.3%	0.34
FINPIPE	9,633	15.6	12.7%	9.9%	0.07
TIMETECHNO	9,411	18.5	20.9%	17.2%	0.22
KINGFA	8,169	36.2	39.9%	31.0%	0.05
SAFARI	7,500	45.4	19.8%	14.8%	0.00
VIPIND	4,312	—	-43.7%	-130.7%	1.42
RESPONIND	4,002	39.5	7.5%	6.5%	0.12
PRINCEPIPE	3,223	31.0	8.0%	6.5%	0.17

🔗 Peer Stock Analyses

SUPREMEIND ASTRAL SHAILY FINPIPE TIMETECHNO

⚠️ Risk Factors

The company faces execution risk related to integration of new leadership and potential strategic shifts post-leadership transition. Despite strong margins, revenue growth remains dependent on operational performance in a competitive domestic market with margin pressures from peers. The reliance on a single business segment (plastic products) exposes it to sector-specific cyclicality and input cost volatility. Additionally, the final dividend is contingent on AGM approval, introducing a minor governance risk if shareholder sentiment diverges from board recommendations.

📋 Recent Filings

🧠 Analyst's Read

Kingfa is transitioning under new leadership with solid financial momentum and high returns, but lacks explicit growth guidance. Investors should monitor the AGM outcome for dividend confirmation and management's early signals on strategic priorities. The key watchpoint is whether the new leadership can sustain margin expansion and translate revenue growth into long-term value creation without overreliance on cyclical demand patterns.

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 KINGFA

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when KINGFA files new disclosures

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

Track KINGFA — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd