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Last Updated: April 2, 2026, 3:11 am
Author: Getaka|Social: XLinkedIn

Kamdhenu Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹15.62Overvalued by 16.91%vs CMP ₹18.80

P/E (6.8) × ROE (22.0%) × BV (₹12.90) × DY (1.33%)

₹27.26Undervalued by 45.00%vs CMP ₹18.80
MoS: +31% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹19.2023%Fair (+2.1%)
Graham NumberEarnings₹28.4117%Under (+51.1%)
Earnings PowerEarnings₹14.8411%Over (-21.1%)
DCFCash Flow₹67.8511%Under (+260.9%)
Net Asset ValueAssets₹12.917%Over (-31.3%)
EV/EBITDAEnterprise₹28.349%Under (+50.7%)
Earnings YieldEarnings₹27.807%Under (+47.9%)
ROCE CapitalReturns₹21.939%Under (+16.6%)
Revenue MultipleRevenue₹26.506%Under (+41%)
Consensus (9 models)₹27.26100%Undervalued
Key Drivers: Wide model spread (₹13–₹68) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 22.9%

*Investments are subject to market risks

Investment Snapshot

67
Kamdhenu Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 28.9% ExcellentROE 22.0% ExcellentD/E 0.44 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -3.92% (6mo) SellingPromoter holding at 49.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 9% SteadyWorking capital: 16 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): 4% YoY FlatProfit (4Q): +30% YoY Strong
Industry Rank60/100 · Moderate
P/E 6.8 vs industry 6.8 In-lineROCE 28.9% vs industry 18.1% Above peers3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:11 am

Market Cap 530 Cr.
Current Price 18.8
Intrinsic Value₹27.26
High / Low 36.0/16.2
Stock P/E6.79
Book Value 12.9
Dividend Yield1.33 %
ROCE28.9 %
ROE22.0 %
Face Value 1.00
PEG Ratio0.30

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kamdhenu Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kamdhenu Ltd 530 Cr. 18.8 36.0/16.26.79 12.91.33 %28.9 %22.0 % 1.00
Aditya Ispat Ltd 5.08 Cr. 9.50 11.9/8.26 11.00.00 %7.34 %55.0 % 10.0
Grand Foundry Ltd 37.6 Cr. 12.4 12.4/7.82 2.010.00 %%% 4.00
Industry Average530.00 Cr13.576.798.640.44%18.12%38.50%5.00

All Competitor Stocks of Kamdhenu Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 183167209185155176185190175198196191169
Expenses 166152193172141160170174154174174168147
Operating Profit 17151613141615162124212422
OPM % 9%9%8%7%9%9%8%9%12%12%11%12%13%
Other Income 11222876-20947
Interest 0000000000000
Depreciation 1111111111112
Profit before tax 16141614152220211722292627
Tax % 25%25%26%25%26%25%23%24%27%24%25%27%22%
Net Profit 12111210111715161217211921
EPS in Rs 0.450.400.450.380.410.620.560.570.450.620.760.660.74

Last Updated: March 4, 2026, 5:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9229688418251,1801,232924625600732725747754
Expenses 8969388097921,1361,179879575545672665672663
Operating Profit 26303233445445505560597590
OPM % 3%3%4%4%4%4%5%8%9%8%8%10%12%
Other Income -000110-25-7-102131020
Interest 121315141312121442101
Depreciation 5558878955556
Profit before tax 91212122435-02137556780104
Tax % 36%33%34%31%36%36%-518%28%27%25%25%24%
Net Profit 688816222152741506178
EPS in Rs 0.250.340.350.350.670.850.070.560.991.521.862.192.78
Dividend Payout % 0%20%20%23%15%12%71%14%10%10%11%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)33.33%0.00%0.00%100.00%37.50%-90.91%650.00%80.00%51.85%21.95%22.00%
Change in YoY Net Profit Growth (%)0.00%-33.33%0.00%100.00%-62.50%-128.41%740.91%-570.00%-28.15%-29.90%0.05%

Kamdhenu Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:-4%
3 Years:8%
TTM:8%
Compounded Profit Growth
10 Years:22%
5 Years:19%
3 Years:32%
TTM:25%
Stock Price CAGR
10 Years:33%
5 Years:49%
3 Years:25%
1 Year:-51%
Return on Equity
10 Years:16%
5 Years:19%
3 Years:23%
Last Year:22%

Last Updated: September 5, 2025, 8:45 am

Balance Sheet

Last Updated: February 1, 2026, 12:56 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 23232323232627272727272828
Reserves 71768292120155154168197140210289336
Borrowings 87991081068888127100944311
Other Liabilities 88858312214414615713614238445161
Total Liabilities 269283296344375415464431460208284368426
Fixed Assets 49484780749086919447454241
CWIP 00-0-0-01111-0-0-0-0
Investments 43333369161484187250
Other Assets 215232246261298322371331349147155139135
Total Assets 269283296344375415464431460208284368426

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8512182125-350436710269
Cash from Investing Activity + -6-3-4-2-2-26-19-10-13-14-92-88
Cash from Financing Activity + -2-1-8-17-18215-41-20-551814
Net Cash Flow -010-1-01-7-010-228-5
Free Cash Flow 2171618-1-1741326210056
CFO/OP 38%38%51%71%68%70%-2%112%98%136%197%115%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-61.00-69.00-76.00-73.00-44.00-34.00-82.00-50.00-39.0056.0056.0074.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 51516271586684117121412722
Inventory Days 25304036262240596310812
Days Payable 272631504142638774131719
Cash Conversion Cycle 4954715743466189110381915
Working Capital Days 171924182328375972462216
ROCE %12%13%13%12%16%19%13%15%17%23%33%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.74%58.74%58.74%58.74%58.74%57.04%49.83%49.83%49.83%49.12%49.03%49.03%
FIIs 0.34%0.44%0.58%0.58%4.00%6.12%9.57%6.02%6.44%5.12%3.21%2.52%
DIIs 0.26%0.22%0.39%0.19%0.19%0.18%0.18%0.01%0.01%0.33%0.01%0.01%
Public 40.65%40.61%40.30%40.51%37.09%36.65%40.43%44.14%43.71%45.44%47.75%48.45%
No. of Shareholders 14,95215,31017,04116,99617,16919,35921,27727,46337,47644,68948,57649,598

Shareholding Pattern Chart

No. of Shareholders

Kamdhenu Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bank of India Mid & Small Cap Equity & Debt Fund 59,000 0.34 1.6659,0002025-04-22 17:25:290%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 22Mar 21
FaceValue 10.0010.00
Basic EPS (Rs.) 9.775.62
Diluted EPS (Rs.) 9.775.62
Cash EPS (Rs.) 13.218.81
Book Value[Excl.RevalReserv]/Share (Rs.) 80.9772.30
Book Value[Incl.RevalReserv]/Share (Rs.) 80.9772.30
Revenue From Operations / Share (Rs.) 312.14232.12
PBDIT / Share (Rs.) 22.3819.76
PBIT / Share (Rs.) 18.9416.55
PBT / Share (Rs.) 13.017.78
Net Profit / Share (Rs.) 9.775.60
NP After MI And SOA / Share (Rs.) 9.775.60
PBDIT Margin (%) 7.168.51
PBIT Margin (%) 6.067.12
PBT Margin (%) 4.163.34
Net Profit Margin (%) 3.122.41
NP After MI And SOA Margin (%) 3.122.41
Return on Networth / Equity (%) 12.067.74
Return on Capital Employeed (%) 20.0620.33
Return On Assets (%) 5.943.49
Long Term Debt / Equity (X) 0.050.01
Total Debt / Equity (X) 0.400.44
Asset Turnover Ratio (%) 1.930.00
Current Ratio (X) 1.751.52
Quick Ratio (X) 1.341.21
Inventory Turnover Ratio (X) 7.190.00
Dividend Payout Ratio (NP) (%) 8.188.93
Dividend Payout Ratio (CP) (%) 6.055.67
Earning Retention Ratio (%) 91.8291.07
Cash Earning Retention Ratio (%) 93.9594.33
Interest Coverage Ratio (X) 5.943.92
Interest Coverage Ratio (Post Tax) (X) 4.172.85
Enterprise Value (Cr.) 697.24457.46
EV / Net Operating Revenue (X) 0.820.73
EV / EBITDA (X) 11.578.59
MarketCap / Net Operating Revenue (X) 0.740.59
Retention Ratios (%) 91.8191.06
Price / BV (X) 2.861.92
Price / Net Operating Revenue (X) 0.740.59
EarningsYield 0.040.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kamdhenu Ltd. is a Public Limited Listed company incorporated on 12/09/1994 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L27101HR1994PLC092205 and registration number is 134282. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company's Total Operating Revenue is Rs. 747.49 Cr. and Equity Capital is Rs. 27.74 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Bright Bars2nd Floor, Tower - A, Building No. 9, Gurgaon Haryana 122002Contact not found
Management
NamePosition Held
Mr. Satish Kumar AgarwalChairman & Managing Director
Mr. Sunil Kumar AgarwalWhole Time Director
Mr. Saurabh AgarwalNon Executive Director
Mr. Sachin AgarwalWhole Time Director
Mr. Madhusudan AgarwalIndependent Director
Mrs. Pravin TripathiIndependent Director
Mr. Baldev Raj SachdevaIndependent Director
Mr. Vivek JindalIndependent Director

FAQ

What is the intrinsic value of Kamdhenu Ltd and is it undervalued?

As of 08 April 2026, Kamdhenu Ltd's intrinsic value is ₹27.26, which is 45.00% higher than the current market price of ₹18.80, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (22.0 %), book value (₹12.9), dividend yield (1.33 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kamdhenu Ltd?

Kamdhenu Ltd is trading at ₹18.80 as of 08 April 2026, with a FY2026-2027 high of ₹36.0 and low of ₹16.2. The stock is currently near its 52-week low. Market cap stands at ₹530 Cr..

How does Kamdhenu Ltd's P/E ratio compare to its industry?

Kamdhenu Ltd has a P/E ratio of 6.79, which is below the industry average of 6.79. This is broadly in line with or below the industry average.

Is Kamdhenu Ltd financially healthy?

Key indicators for Kamdhenu Ltd: ROCE of 28.9 % indicates efficient capital utilization; ROE of 22.0 % shows strong shareholder returns. Dividend yield is 1.33 %.

Is Kamdhenu Ltd profitable and how is the profit trend?

Kamdhenu Ltd reported a net profit of ₹61 Cr in Mar 2025 on revenue of ₹747 Cr. Compared to ₹27 Cr in Mar 2022, the net profit shows an improving trend.

Does Kamdhenu Ltd pay dividends?

Kamdhenu Ltd has a dividend yield of 1.33 % at the current price of ₹18.80. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kamdhenu Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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