Kamdhenu Limited (KAMDHENU) Financial Results — Revenue ₹763.4 Cr

Investor Takeaways

PAT grew 29% YoY to ₹78.4 crores in FY26

PBT margin expanded 300 bps to 13.8% in FY26

Royalty income rose 25% YoY in FY26

⚠️ No specific risks identified in this filing

Overall Tone: Positive based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹763.4 Cr	2%
Net Profit	₹78.4 Cr	29%
EBITDA	Not available	N/A
EPS	Not available	N/A
OPM	Not available	N/A

What Changed

The filing reveals a significant improvement in profitability metrics for Kamdhenu Limited during FY26. Net profit after tax increased sharply by 29% year-on-year to ₹78.4 crores, while profit before tax margin demonstrated strong expansion, rising 300 basis points to 13.8%. This indicates improved operational efficiency and margin management. Additionally, royalty income showed robust growth of 25% YoY, contributing to the positive financial performance. The company also maintained its practice of returning value to shareholders through a declared final dividend of 40% (Re. 0.40 per share) for FY26, subject to AGM approval. These developments occurred despite challenging market conditions, highlighting the resilience of the company's core business model and brand strength as evidenced by franchise volume expansion of 10% YoY.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Kamdhenu Limited	26.72	N/A	N/A	700.48
Bharat Electronics Limited	62.03	N/A	N/A	309678.78
Hindustan Aeronautics Limited	33.73	N/A	N/A	293338.09
Cummins India Limited	74.38	N/A	N/A	149466.24

Kamdhenu Limited trades at a P/E ratio of 26.72, which is lower than Cummins India (74.38) and significantly below Bharat Electronics (62.03) and Hindustan Aeronautics (33.73), suggesting potential relative valuation differences within the sector.