Kokuyo Camlin Ltd (KOKUYOCMLN)

Capital Goods · Printing & Stationery · NSE · Updated 1 September 2026

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

₹79.5 ↓ 28.57% (1Y)

🎯 Key Takeaways

Kokuyo Camlin Ltd is in a consolidation and margin recovery phase following a period of revenue stagnation and low profitability. The company has shown sequential improvement in operating performance and margins over the last four quarters, reversing earlier pressure.
Revenue grew 1.3% QoQ to ₹229 in Q1FY27.
⚠️ Persistent low profitability metrics (ROE of 8.8%, ROCE of 7.8%) suggest weak capital efficiency despite margin recovery.

Market Cap

₹797

P/E Ratio

36.1

P/B Ratio

3.20

ROE

8.8%

ROCE

7.8%

Debt/Equity

0.67

Promoter

75.0%

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📖 The Story

Kokuyo Camlin Ltd is in a consolidation and margin recovery phase following a period of revenue stagnation and low profitability. The company has shown sequential improvement in operating performance and margins over the last four quarters, reversing earlier pressure. However, returns remain subdued, with ROE and ROCE below industry benchmarks, indicating structural challenges in capital efficiency.

📰 What's Happening

The company has been actively managing governance and compliance matters, including the withdrawal of a proposed Company Secretary appointment due to personal reasons. It has also initiated shareholder returns by announcing a dividend tied to its 79th AGM, with a record date in late July 2026. There have been no recent strategic announcements, expansions, or new product launches in the filings reviewed. Management has not held press conferences or issued formal guidance in recent quarters, suggesting operational focus over transformative initiatives.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	174	178	226	229
Operating Profit	11	6	5	10
OPM %	6.2%	3.5%	2.1%	4.5%
Net Profit	8	4	3	7
EPS	₹0.78	₹0.40	₹0.29	₹0.73

Operating performance has shown a clear upward trend from September 2025 to June 2026, with revenue rising from ₹174 crore to ₹229 crore and operating margin expanding from 6.2% to 4.5% (with a notable spike in September). Profitability has improved sequentially each quarter, turning from a ₹4 crore profit in December 2025 to ₹7 crore in June 2026. This recovery aligns with better cost control and operational efficiency, though absolute margins remain below historical peaks and industry averages.

🔮 Management Outlook & What's Next

There is no available forward guidance or explicit outlook from management in the provided filings. The company has not issued any commentary on future revenue expectations, margin targets, or capital allocation strategy beyond routine disclosures. The absence of strategic commentary suggests management is in a stabilization mode, focusing on execution rather than guidance.

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

🏦 Balance Sheet (₹ Cr)

Item	Mar 2019
Equity Capital	10
Reserves	239
Borrowings	168
Total Liabilities	555
Fixed Assets	165
Investments	6
Total Assets	555

The balance sheet as of March 2019 shows a capital structure with equity of ₹10 crore and reserves of ₹239 crore, indicating long-term capital build-up. Borrowings of ₹168 crore represent a moderate leverage level, though the asset base of ₹555 crore suggests significant investment in operations. There is no recent data on asset growth or debt reduction, but the company appears to be financing operations through internal cash flows rather than aggressive borrowing.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2019
Operating	+8
Investing	-31
Financing	+24
Net Cash Flow	+1

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	75.0%	75.0%	75.0%	75.0%
FII	0.1%	0.1%	0.1%	0.1%
DII	0.0%	0.0%	0.0%	0.0%
Public	19.6%	19.4%	19.3%	19.3%
# Shareholders	32,955	32,536	31,957	31,531

Promoter holding remains stable at 74.99% across all reporting periods, indicating confidence or lack of exit pressure. Institutional interest is minimal, with FII and DII holdings each below 0.1% and showing slight decline in public float. The growing number of shareholders (from ~31,500 to ~33,000) suggests retail participation is increasing, but the lack of institutional accumulation may reflect limited upside perception.

⚖️ Peer Comparison — Printing & Stationery

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
DOMS	13,578	62.5	27.1%	22.5%	0.15
NAVNETEDUL	2,979	8.8	23.2%	19.2%	0.07
FLAIR	2,599	18.6	16.3%	12.4%	0.03
KOKUYOCMLN	797	36.1	7.8%	8.8%	0.67
LINC	565	17.9	19.2%	13.6%	0.02
SCHAND	484	6.8	10.7%	6.9%	0.07
REPRO	440	4.5	29.5%	28.0%	0.47
544667	117	6.3	34.2%	61.3%	1.61
543453	70	—	—	—	0.38
SUNDARAM	61	—	6.4%	-3.6%	0.50

🔗 Peer Stock Analyses

DOMS NAVNETEDUL FLAIR LINC SCHAND

⚠️ Risk Factors

1. Persistent low profitability metrics (ROE of 8.8%, ROCE of 7.8%) suggest weak capital efficiency despite margin recovery. 2. Heavy reliance on promoter funding and minimal institutional interest may limit strategic flexibility and investor confidence. 3. No visible growth catalysts or new revenue drivers have been disclosed in recent filings, raising concerns about sustainable expansion. 4. The company’s historical business model in printing and stationery faces secular headwinds from digitalization and shifting consumer behavior.

📋 Recent Filings

🧠 Analyst's Read

Kokuyo Camlin is undergoing a quiet operational recovery, but structural challenges in profitability and growth persist. Investors should monitor for any strategic shifts, margin improvement sustainability, or institutional interest in the coming quarters.

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

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.

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.

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