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Last Updated: April 2, 2026, 3:12 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539276 | NSE: KAYA

Kaya Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹111.81Overvalued by 55.10%vs CMP ₹249.00

P/E (15.0) × ROE (15.0%) × BV (₹60.90) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹388.35Undervalued by 55.96%vs CMP ₹249.00
MoS: +35.9% (Strong)Confidence: 38/100 (Low)Models: 3 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹125.9022%Over (-49.4%)
Graham NumberEarnings₹295.8822%Under (+18.8%)
DCFCash Flow₹834.5922%Under (+235.2%)
EV/EBITDAEnterprise₹198.4114%Over (-20.3%)
Earnings YieldEarnings₹638.9012%Under (+156.6%)
Revenue MultipleRevenue₹142.579%Over (-42.7%)
Consensus (6 models)₹388.35100%Undervalued
Key Drivers: Wide model spread (₹126–₹835) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 12.6% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

37
Kaya Ltd scores 37/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health25/100 · Weak
ROCE 2.5% WeakROE 0.0% WeakD/E 0.52 ModerateInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.08% MF buyingPromoter holding at 51.4% Stable
Earnings Quality40/100 · Moderate
OPM contracting (1% → -4%) Declining
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 3% YoY FlatOPM: -19.0% (down 27.0% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 2.5% vs industry 29.2% Below peers3Y sales CAGR: -13% 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.

Kaya Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 46.9 | ROCE 2.5% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.52x | IntCov 0.0x | Current 0.42x | Borrow/Reserve N/A
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹84 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII +0.26 pp | Prom 0.00 pp
Business Momentum
-41
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +11.1% | Q NP -89.5% | Q OPM -13.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+56.0%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII Change+0.26 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-429Latest shareholder count minus previous count
Quarterly Sales Change+11.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-89.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-13.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:12 am

Market Cap 379 Cr.
Current Price 249
Intrinsic Value₹388.35
High / Low 488/204
Stock P/E
Book Value 60.9
Dividend Yield0.00 %
ROCE2.50 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Kaya Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kaya Ltd 379 Cr. 249 488/204 60.90.00 %2.50 %% 10.0
Ador Multi Products Ltd 119 Cr. 105 149/60.0 32.50.00 %11.4 %3.09 % 10.0
Bajaj Consumer Care Ltd 4,724 Cr. 362 409/15130.0 49.40.00 %19.1 %15.7 % 1.00
Jyothy Labs Ltd 7,551 Cr. 206 400/19620.6 55.81.70 %24.6 %19.0 % 1.00
Honasa Consumer Ltd 10,003 Cr. 307 334/19064.7 38.80.00 %7.44 %5.51 % 10.0
Industry Average60,427.93 Cr1,572.1446.89111.991.02%29.21%23.91%4.94

All Competitor Stocks of Kaya Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 100936051545252535855535460
Expenses 9811753414411746475353495771
Operating Profit 2-2561011-6566524-3-11
OPM % 2%-27%10%19%20%-126%11%11%8%3%7%-6%-19%
Other Income 21-1-6-4-18113-416914-4
Interest 61766777888899
Depreciation 15161099999109101112
Profit before tax -18-56-10-12-9-99103-164-7-14-19-36
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit -18-56-10-12-9-99103-164-7-14-19-36
EPS in Rs -13.62-43.15-7.88-8.91-6.86-75.9678.61-11.962.81-5.36-10.76-12.35-23.41

Last Updated: February 5, 2026, 8:02 am

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 332370409400421393275324377205217221
Expenses 296352425399408338248305395241198231
Operating Profit 3718-16113562719-19-3620-9
OPM % 11%5%-4%0%3%14%10%6%-5%-17%9%-4%
Other Income 11121094915125-3113410
Interest 4457922192142273234
Depreciation 121720242975607861353842
Profit before tax 329-31-20-21-33-37-68-116-13084-75
Tax % 0%0%-8%-2%-26%64%0%0%0%0%0%
Net Profit 329-28-20-16-54-37-68-116-13084-75
EPS in Rs 6.82-22.23-16.22-12.22-41.66-29.10-52.69-89.15-98.9163.89-51.88
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-71.88%-411.11%28.57%20.00%-237.50%31.48%-83.78%-70.59%-12.07%164.62%
Change in YoY Net Profit Growth (%)0.00%-339.24%439.68%-8.57%-257.50%268.98%-115.27%13.20%58.52%176.68%

Kaya Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-4%
5 Years:-11%
3 Years:-12%
TTM:4%
Compounded Profit Growth
10 Years:14%
5 Years:28%
3 Years:47%
TTM:46%
Stock Price CAGR
10 Years:-9%
5 Years:13%
3 Years:7%
1 Year:-16%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 8:55 am

Balance Sheet

Last Updated: December 4, 2025, 1:31 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.001313131313131313131315
Reserves 2222382161971456941-15-117-240-153-108
Borrowings 00302535167160204249301256278
Other Liabilities 151155187136176160153159225221120123
Total Liabilities 373407445372368409368361370295237308
Fixed Assets 112149193201206303279240217174158184
CWIP 322111122110
Investments 152887220141911262129458
Other Assets 105167179149147867793130917466
Total Assets 373407445372368409368361370295237308

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 295-8-122247323063391
Cash from Investing Activity + -16-5-3924-28-124-34-39-825
Cash from Financing Activity + -0-033-75-47-3112-18-38-37
Net Cash Flow 130-135-1-11585-7-11
Free Cash Flow -7-37-34-45-12382915395-12
CFO/OP 82%27%51%-795%151%78%117%158%-335%-109%6%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow37.0018.00-46.00-24.00-22.00-111.00-133.00-185.00-268.00-337.00-236.00

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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 01235544374
Inventory Days 419492493746614
Days Payable 3603493391,303335
Cash Conversion Cycle 60144156355443-550283
Working Capital Days -80-27-81-52-86-112-170-160-175-408-147
ROCE %2%-12%-7%-6%-5%-8%-23%-44%-62%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.93%59.93%59.93%59.93%59.79%59.79%59.64%59.64%59.64%59.64%51.43%51.43%
FIIs 0.73%0.80%0.81%0.73%0.74%1.25%1.27%1.27%1.49%0.95%0.63%0.63%
DIIs 1.34%1.34%1.34%1.34%1.97%3.53%3.61%3.37%1.71%2.09%2.53%2.79%
Public 38.00%37.94%37.91%38.01%37.49%35.44%35.48%35.72%37.17%37.32%45.40%45.15%
No. of Shareholders 23,00623,03422,38421,77420,89021,47720,02819,80419,83719,57418,72418,295

Shareholding Pattern Chart

No. of Shareholders

Kaya 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

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 63.95-98.91-89.15-52.69-29.10
Diluted EPS (Rs.) 63.94-98.91-89.15-52.69-29.10
Cash EPS (Rs.) 92.63-50.23-42.9713.7517.40
Book Value[Excl.RevalReserv]/Share (Rs.) -106.47-173.60-78.89-0.7841.99
Book Value[Incl.RevalReserv]/Share (Rs.) -106.47-173.60-78.89-0.7841.99
Revenue From Operations / Share (Rs.) 165.81309.44288.37247.98210.47
PBDIT / Share (Rs.) 26.67-23.03-15.4925.7428.73
PBIT / Share (Rs.) -2.07-71.27-61.51-40.04-17.31
PBT / Share (Rs.) -25.48-98.48-88.99-52.02-28.64
Net Profit / Share (Rs.) 63.89-98.48-88.99-52.02-28.64
NP After MI And SOA / Share (Rs.) 63.89-98.91-89.15-52.69-29.10
PBDIT Margin (%) 16.08-7.44-5.3710.3713.64
PBIT Margin (%) -1.24-23.03-21.33-16.14-8.22
PBT Margin (%) -15.36-31.82-30.86-20.97-13.60
Net Profit Margin (%) 38.53-31.82-30.86-20.97-13.60
NP After MI And SOA Margin (%) 38.53-31.96-30.91-21.24-13.82
Return on Networth / Equity (%) -60.000.000.000.00-69.77
Return on Capital Employeed (%) -2.85-984.70-66.23-31.65-12.13
Return On Assets (%) 35.34-43.73-31.48-19.06-10.32
Long Term Debt / Equity (X) -1.03-0.62-1.37-50.570.52
Total Debt / Equity (X) -1.03-0.78-1.37-55.430.52
Asset Turnover Ratio (%) 0.811.220.530.400.34
Current Ratio (X) 0.460.350.570.530.42
Quick Ratio (X) 0.280.250.450.400.27
Inventory Turnover Ratio (X) 7.990.300.360.370.24
Interest Coverage Ratio (X) 1.14-0.84-0.562.152.54
Interest Coverage Ratio (Post Tax) (X) -0.08-2.62-2.24-3.34-1.53
Enterprise Value (Cr.) 442.38569.38419.64518.54403.30
EV / Net Operating Revenue (X) 2.041.411.111.601.47
EV / EBITDA (X) 12.66-18.93-20.7415.4210.75
MarketCap / Net Operating Revenue (X) 1.411.010.871.411.41
Price / BV (X) -2.19-1.81-3.19-294.707.11
Price / Net Operating Revenue (X) 1.411.010.871.411.41
EarningsYield 0.27-0.31-0.35-0.15-0.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kaya Ltd. is a Public Limited Listed company incorporated on 27/03/2003 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L85190MH2003PLC139763 and registration number is 139763. Currently Company is involved in the business activities of Medical practice activities. Company's Total Operating Revenue is Rs. 217.42 Cr. and Equity Capital is Rs. 13.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Personal Care23/C, Mahal Industrial Area, Mahakali Caves Road, Mumbai Maharashtra 400093Contact not found
Management
NamePosition Held
Mr. Harsh MariwalaChairman & Managing Director
Mr. Rajendra MariwalaNon Exe.Non Ind.Director
Mr. Rishabh MariwalaNon Exe.Non Ind.Director
Mr. Nikhil KhattauNon Exe.Non Ind.Director
Mr. Vivek KarveInd. Non-Executive Director
Ms. Anita BelaniInd. Non-Executive Director
Ms. Vasuta AgarwalInd. Non-Executive Director
Dr. Om ManchandaInd. Non-Executive Director

FAQ

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

As of 05 April 2026, Kaya Ltd's intrinsic value is ₹388.35, which is 55.96% higher than the current market price of ₹249.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹60.9), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Kaya Ltd is trading at ₹249.00 as of 05 April 2026, with a FY2026-2027 high of ₹488 and low of ₹204. The stock is currently near its 52-week low. Market cap stands at ₹379 Cr..

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

Kaya Ltd has a P/E ratio of , which is below the industry average of 46.89. This is broadly in line with or below the industry average.

Is Kaya Ltd financially healthy?

Key indicators for Kaya Ltd: ROCE of 2.50 % is on the lower side compared to the industry average of 29.21%; ROE of % is below ideal levels (industry average: 23.91%). Dividend yield is 0.00 %.

Is Kaya Ltd profitable and how is the profit trend?

Kaya Ltd reported a net profit of ₹84 Cr in Mar 2025 on revenue of ₹217 Cr. Compared to ₹-68 Cr in Mar 2022, the net profit shows an improving trend.

Does Kaya Ltd pay dividends?

Kaya Ltd has a dividend yield of 0.00 % at the current price of ₹249.00. The company is currently not paying meaningful dividends.

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 Kaya 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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