Kaushalya Infrastructure Development Corpn Ltd: Intrinsic Value & Share Price Analysis

Q: Is Kaushalya Infrastructure Development Corpn Ltd financially healthy?

Key indicators: ROCE of 6.33 % is on the lower side. Dividend yield is 0.00 %.

Fair Value

₹2,597.10Undervalued by 227.92%vs CMP ₹792.00

P/E (19.7) × ROE (7.2%) × BV (₹2,247.00) × DY (2.00%)

₹1,997.94Undervalued by 152.27%vs CMP ₹792.00

MoS: +60.4% (Strong)Confidence: 54/100 (Moderate)Models: 6 Under, 2 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹3,191.05	26%	Under (+302.9%)
Graham Number	Earnings	₹1,424.38	19%	Under (+79.8%)
Earnings Power	Earnings	₹3,259.45	12%	Under (+311.5%)
DCF	Cash Flow	₹985.74	12%	Under (+24.5%)
Net Asset Value	Assets	₹2,234.94	8%	Under (+182.2%)
Earnings Yield	Earnings	₹401.30	8%	Over (-49.3%)
ROCE Capital	Returns	₹2,041.25	8%	Under (+157.7%)
Revenue Multiple	Revenue	₹3.76	6%	Over (-99.5%)
Consensus (8 models)		₹1,997.94	100%	Undervalued

Key Drivers: Wide model spread (₹4–₹3,259) — 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

Kaushalya Infrastructure Development Corpn Ltd scores 54/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health52/100 · Moderate

ROCE 6.3% WeakROE 7.2% AverageD/E 0.58 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

Promoter holding at 51.4% Stable

Earnings Quality55/100 · Moderate

OPM expanding (-1,155% → -974%) ImprovingWorking capital: 3,510 days Capital intensive

Quarterly Momentum70/100 · Strong

Revenue (4Q): +487% YoY AcceleratingProfit (4Q): -92% YoY DecliningOPM: 74.7% (up 624.7% YoY) Margin expansion

Industry Rank35/100 · Weak

P/E 19.7 vs industry 36.6 Cheaper than peersROCE 6.3% vs industry 16.4% Below peersROE 7.2% vs industry 21.4% Below peers3Y sales CAGR: -2% Shrinking

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, 3:12 am

Market Cap	27.4 Cr.
Current Price	792
Intrinsic Value	₹1,997.94
High / Low	1,842/750
Stock P/E	19.7
Book Value	2,247
Dividend Yield	0.00 %
ROCE	6.33 %
ROE	7.19 %
Face Value	1,000
PEG Ratio	0.86

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Kaushalya Infrastructure Development Corpn Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Kaushalya Infrastructure Development Corpn Ltd	27.4 Cr.	792	1,842/750	19.7	2,247	0.00 %	6.33 %	7.19 %	1,000
Darjeeling Ropeway Company Ltd	24.1 Cr.	30.6	75.5/23.2	19.9	17.1	0.00 %	2.10 %	5.50 %	10.0
Arihant Superstructures Ltd	878 Cr.	203	468/188	19.3	81.2	0.74 %	11.1 %	18.8 %	10.0
Hubtown Ltd	2,647 Cr.	186	366/150	20.5	184	0.00 %	8.13 %	2.41 %	10.0
Welspun Enterprises Ltd	6,075 Cr.	439	581/391	18.1	194	0.68 %	18.2 %	13.3 %	10.0
Industry Average	3,374.20 Cr	159.12		36.56	125.44	0.20%	16.37%	21.40%	21.58

All Competitor Stocks of Kaushalya Infrastructure Development Corpn Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	0.04	0.03	0.02	0.03	0.04	0.05	0.02	0.04	0.04	0.04	0.02	0.03	0.79
Expenses	0.30	1.15	0.83	1.14	0.71	0.48	0.42	0.28	0.26	0.38	0.57	0.36	0.20
Operating Profit	-0.26	-1.12	-0.81	-1.11	-0.67	-0.43	-0.40	-0.24	-0.22	-0.34	-0.55	-0.33	0.59
OPM %	-650.00%	-3,733.33%	-4,050.00%	-3,700.00%	-1,675.00%	-860.00%	-2,000.00%	-600.00%	-550.00%	-850.00%	-2,750.00%	-1,100.00%	74.68%
Other Income	0.40	16.57	2.06	0.73	-0.14	18.12	0.31	4.71	0.91	0.08	1.09	0.03	0.11
Interest	0.00	0.00	0.00	0.00	-0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01
Profit before tax	0.11	15.42	1.22	-0.40	-0.68	17.67	-0.11	4.45	0.68	-0.27	0.53	-0.31	0.69
Tax %	72.73%	1.56%	9.84%	-280.00%	-11.76%	21.51%	100.00%	3.15%	20.59%	-355.56%	22.64%	-16.13%	23.19%
Net Profit	0.03	15.17	1.09	0.72	-0.60	13.88	-0.22	4.31	0.55	0.70	0.41	-0.25	0.53
EPS in Rs	0.00	504.67	35.33	22.67	-21.33	400.81	-6.35	124.46	15.88	20.21	11.84	-7.22	15.30

Last Updated: March 4, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	14.56	5.68	0.57	0.28	0.31	0.22	0.18	2.27	0.14	0.12	0.14	0.13	0.88
Expenses	22.25	6.56	56.18	4.99	1.18	9.60	6.29	2.95	1.53	1.70	1.64	1.27	1.51
Operating Profit	-7.69	-0.88	-55.61	-4.71	-0.87	-9.38	-6.11	-0.68	-1.39	-1.58	-1.50	-1.14	-0.63
OPM %	-52.82%	-15.49%	-9,756.14%	-1,682.14%	-280.65%	-4,263.64%	-3,394.44%	-29.96%	-992.86%	-1,316.67%	-1,071.43%	-876.92%	-71.59%
Other Income	0.43	0.92	1.24	0.68	0.29	26.40	0.30	5.61	2.64	17.40	19.41	5.98	1.31
Interest	6.36	6.59	-0.03	-0.40	0.07	-0.00	0.03	0.02	0.03	-0.00	-0.00	0.03	0.00
Depreciation	0.37	0.91	0.47	0.46	0.44	0.44	0.42	0.38	0.28	0.14	0.08	0.06	0.04
Profit before tax	-13.99	-7.46	-54.81	-4.09	-1.09	16.58	-6.26	4.53	0.94	15.68	17.83	4.75	0.64
Tax %	-0.21%	-2.28%	-0.09%	-1.47%	-10.09%	-35.59%	-1.76%	85.87%	54.26%	1.40%	15.31%	-12.21%
Net Profit	-13.96	-7.29	-54.76	-3.89	-0.99	22.49	-6.15	0.64	0.43	15.46	15.10	5.33	1.39
EPS in Rs	-465.67	-243.00	-1,825.33	-129.33	-34.67	749.67	-205.00	21.33	14.33	515.33	436.04	153.91	40.13
Dividend Payout %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	47.78%	-651.17%	92.90%	74.55%	2371.72%	-127.35%	110.41%	-32.81%	3495.35%	-2.33%	-64.70%
Change in YoY Net Profit Growth (%)	0.00%	-698.95%	744.06%	-18.35%	2297.17%	-2499.06%	237.75%	-143.22%	3528.16%	-3497.68%	-62.37%

Kaushalya Infrastructure Development Corpn 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:	-31%
5 Years:	-6%
3 Years:	-2%
TTM:	-7%

Compounded Profit Growth
10 Years:	11%
5 Years:	25%
3 Years:	74%
TTM:	-56%

Stock Price CAGR
10 Years:	15%
5 Years:	49%
3 Years:	61%
1 Year:	85%

Return on Equity
10 Years:	-1%
5 Years:	14%
3 Years:	20%
Last Year:	7%

Last Updated: September 5, 2025, 8:50 am

Balance Sheet

Last Updated: January 7, 2026, 3:56 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	34.63	34.63	34.63	34.63	34.63	34.63	34.63	34.63	34.63	34.63	34.63	34.63	34.63
Reserves	57.78	50.03	-4.56	-8.70	-9.48	12.75	4.24	4.63	5.41	21.35	37.32	42.61	42.69
Borrowings	55.46	61.57	61.34	62.50	57.75	31.47	29.90	24.40	23.90	22.20	0.00	0.00	0.00
Other Liabilities	47.97	44.77	31.89	31.24	17.58	16.63	15.69	5.07	2.03	2.66	1.97	3.31	3.19
Total Liabilities	195.84	191.00	123.30	119.67	100.48	95.48	84.46	68.73	65.97	80.84	73.92	80.55	80.51
Fixed Assets	56.34	43.72	3.62	5.82	5.34	4.90	4.48	3.95	3.67	3.54	3.45	3.40	3.38
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	15.05	15.37	52.88	50.32	50.06	49.48	41.08	41.21	38.85	54.85	55.09	60.99	60.97
Other Assets	124.45	131.91	66.80	63.53	45.08	41.10	38.90	23.57	23.45	22.45	15.38	16.16	16.16
Total Assets	195.84	191.00	123.30	119.67	100.48	95.48	84.46	68.73	65.97	80.84	73.92	80.55	80.51

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-2.77	-3.14	-22.67	1.60	6.25	-1.26	-1.08	4.76	-4.19	0.68	2.42	0.02
Cash from Investing Activity +	-1.48	3.07	23.56	-3.05	-1.03	1.43	2.67	0.68	4.79	0.97	3.65	-0.02
Cash from Financing Activity +	3.68	0.34	-1.93	1.45	-4.56	-0.78	-1.60	-5.52	-0.53	-1.70	-6.00	0.00
Net Cash Flow	-0.57	0.27	-1.04	0.00	0.66	-0.60	-0.01	-0.08	0.06	-0.05	0.06	-0.01
Free Cash Flow	-5.63	2.02	-7.30	-2.03	6.29	-1.26	-1.08	4.91	-4.19	0.68	2.42	0.02
CFO/OP	36%	270%	41%	-41%	-691%	9%	20%	-779%	281%	-51%	-167%	-11%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-63.15	-62.45	-116.95	-67.21	-58.62	-40.85	-36.01	-25.08	-25.29	-23.78	-1.50	-1.14

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	1,914.50	5,009.75	24,102.81	38,494.46	18,862.26	22,878.86	27,922.50	755.73	7,456.43	8,820.83	6,622.14	7,131.54
Inventory Days	48.52	199.64	114.59	1,788.50		3,431.00	4,197.50	35.10	243.33	0.00	0.00	0.00
Days Payable	884.16	2,643.73	2,571.98	44,201.50		82,417.00	97,728.75	449.23	3,771.67
Cash Conversion Cycle	1,078.85	2,565.67	21,645.42	-3,918.54	18,862.26	-56,107.14	-65,608.75	341.59	3,928.10	8,820.83	6,622.14	7,131.54
Working Capital Days	95.76	-65.55	-26,856.32	-65,647.86	-68,443.39	-38,806.14	-47,855.56	-3,410.42	-56,548.93	-62,141.25	6,231.07	3,509.62
ROCE %	-5.08%	-0.59%	-45.72%	-4.99%	-1.14%	20.43%	-7.29%	6.79%	-2.24%	22.56%	24.59%	6.33%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	51.42%	51.42%	51.42%	51.42%	51.42%	51.42%	51.42%	51.42%	51.42%	51.42%	51.42%	51.42%
Public	48.57%	48.57%	48.57%	48.58%	48.58%	48.58%	48.57%	48.58%	48.57%	48.57%	48.58%	48.58%
No. of Shareholders	22,102	22,238	22,603	22,615	14,416	13,816	13,555	13,741	13,475	13,171	12,938	12,652

Shareholding Pattern Chart

No. of Shareholders

Kaushalya Infrastructure Development Corpn Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1000.00	1000.00	10.00	10.00	10.00
Basic EPS (Rs.)	153.95	436.14	4.46	0.12	0.18
Diluted EPS (Rs.)	153.95	436.14	4.46	0.12	0.18
Cash EPS (Rs.)	-11.30	323.10	-0.40	0.17	0.25
Book Value[Excl.RevalReserv]/Share (Rs.)	2229.90	2116.00	16.79	12.34	12.21
Book Value[Incl.RevalReserv]/Share (Rs.)	2230.40	2115.20	16.50	11.86	11.60
Revenue From Operations / Share (Rs.)	3.80	4.10	0.03	0.03	0.65
PBDIT / Share (Rs.)	-28.10	401.80	-0.33	-0.51	1.39
PBIT / Share (Rs.)	-29.80	399.40	-0.37	-0.59	1.27
PBT / Share (Rs.)	-29.80	399.30	-0.37	0.24	1.27
Net Profit / Share (Rs.)	-13.00	320.70	-0.44	0.09	0.14
NP After MI And SOA / Share (Rs.)	148.40	432.20	4.43	0.12	0.18
PBDIT Margin (%)	-738.96	9642.96	-942.68	-1285.60	211.03
PBIT Margin (%)	-782.56	9585.30	-1051.92	-1488.50	194.12
PBT Margin (%)	-782.56	9584.40	-1055.70	609.89	193.40
Net Profit Margin (%)	-341.54	7696.60	-1235.28	237.38	22.36
NP After MI And SOA Margin (%)	3898.48	10372.62	12329.09	311.05	28.04
Return on Networth / Equity (%)	6.65	20.79	26.91	1.02	1.54
Return on Capital Employeed (%)	-1.30	18.85	-2.28	-4.97	10.96
Return On Assets (%)	6.38	20.24	18.97	0.64	0.92
Total Debt / Equity (X)	0.00	0.00	0.38	0.57	0.58
Asset Turnover Ratio (%)	0.00	0.00	0.00	0.00	0.02
Current Ratio (X)	2.11	6.13	0.15	0.14	0.27
Quick Ratio (X)	2.11	6.13	0.15	0.14	0.27
Inventory Turnover Ratio (X)	0.00	0.00	3.54	1.38	0.42
Interest Coverage Ratio (X)	0.00	10703.69	-249.51	-57.02	292.54
Interest Coverage Ratio (Post Tax) (X)	0.00	8544.23	-325.96	-82.55	32.01
Enterprise Value (Cr.)	32.13	21.25	35.90	36.79	30.20
EV / Net Operating Revenue (X)	243.58	147.23	288.55	267.57	13.29
EV / EBITDA (X)	-32.96	1.53	-30.61	-20.81	6.30
MarketCap / Net Operating Revenue (X)	237.19	142.19	104.67	89.91	2.38
Price / BV (X)	0.40	0.28	0.22	0.29	0.13
Price / Net Operating Revenue (X)	237.74	144.51	107.43	91.54	2.38
EarningsYield	0.16	0.72	1.18	0.03	0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kaushalya Infrastructure Development Corpn.Ltd. is a Public Limited Listed company incorporated on 04/06/1992 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L51216WB1992PLC055629 and registration number is 055629. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 0.13 Cr. and Equity Capital is Rs. 34.63 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	HB 170, Sector III, Kolkata West Bengal 700106	Contact not found

Management
Name	Position Held
Mr. Mahesh Mehra	Whole Time Director
Mr. Tarak Nath Mishra	WholeTime Director & CFO
Mr. Sanjay Lal Gupta	Whole Time Director & Co. Secretary
Mr. Ram Krishna Mondal	Independent Director
Mr. Sandip Sarkar	Independent Director
Mrs. Divya Baid	Independent Woman Director

FAQ

What is the intrinsic value of Kaushalya Infrastructure Development Corpn Ltd and is it undervalued?

As of 16 April 2026, Kaushalya Infrastructure Development Corpn Ltd's intrinsic value is ₹1997.94, which is 152.27% higher than the current market price of ₹792.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.19 %), book value (₹2,247), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kaushalya Infrastructure Development Corpn Ltd?

Kaushalya Infrastructure Development Corpn Ltd is trading at ₹792.00 as of 16 April 2026, with a FY2026-2027 high of ₹1,842 and low of ₹750. The stock is currently near its 52-week low. Market cap stands at ₹27.4 Cr..

How does Kaushalya Infrastructure Development Corpn Ltd's P/E ratio compare to its industry?

Kaushalya Infrastructure Development Corpn Ltd has a P/E ratio of 19.7, which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Kaushalya Infrastructure Development Corpn Ltd financially healthy?

Key indicators for Kaushalya Infrastructure Development Corpn Ltd: ROCE of 6.33 % is on the lower side compared to the industry average of 16.37%; ROE of 7.19 % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is Kaushalya Infrastructure Development Corpn Ltd profitable and how is the profit trend?

Kaushalya Infrastructure Development Corpn Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹0 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Kaushalya Infrastructure Development Corpn Ltd pay dividends?

Kaushalya Infrastructure Development Corpn Ltd has a dividend yield of 0.00 % at the current price of ₹792.00. The company is currently not paying meaningful dividends.