Kalind (BSE: KALIND) had a P/E of 7.2× on 6 Nov 2026, below the industry P/E of 18.4×, and the shares are 69% below their 52-week high. Its ROCE of 16% is the second-lowest among the 7 largest Capital Markets peers. It carries very little debt. It is a small-cap company with a market cap of ₹396 Cr, ranked 46th of 219 Capital Markets companies by market cap; the shares fell 30% over the past year.
- ₹4.33
- ₹4.33
- ₹4.33
- ₹4.13
- 59.3 L
Health check
- ReturnsBehind
−30.0% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 7.2 vs industry 18.4.
- GrowthStrong
Sales +288.5%, profit +440.5% a year over 3 years.
- ProfitabilityAverage
ROCE 16.5% vs peer median 22.1%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags1 to check
69% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹396 Cr
- Small cap
- P/E
- 7.2
- Industry 18.4
- Price to book
- 0.25
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- 25.0%
- Peers 18.9%
- ROCE
- 16.5%
- Peers 22.1%
- Debt to equity
- 0.05
- Debt ₹9.84 Cr
- EPS (TTM)
- ₹0.60
- OPM (TTM)
- 55.1%
- Net margin 35.1%
- Sales growth
- +157.9%
- Latest quarter vs a year ago
- Profit growth
- +175.2%
- Latest quarter vs a year ago
- Price to sales
- 3.80
- EV/EBITDA 1.0
Strengths and risks
Strengths
- Return on equity of 25.0%.
- Practically debt-free.
- Quarterly profit up 175.2% on a year ago.
- Quarterly sales up 157.9% on a year ago.
- Net margin of 35.1%.
Risks to check
- 69% below its 52-week high.
About Kalind
Kalind Limited engages in the real estate business in India. It offers real estate consultancy services. It also provides earth-moving and related machinery and equipment on a contract, lease, hire and rental basis. The company was formerly known as Arunis Abode Limited and changed its name to Kalind Limited in October 2025. Kalind Limited was incorporated in 1994 and is based in Surat, India.
- Headquarters
- Surat
- Employees
- 140
- Sector
- Financial Services
- ISIN
- INE377D01026
- Website
- kalindlimited.com
Price range
- Avg volume (3M)
- 74.4 L
- 1-year return
- minus 30.0%
- From 52-week high
- minus 69.4%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| KALINDKalind | 4.33 | plus 4.84% | 396 | 7.2 | 0.25 | 16.5% | 25.0% | 55.1% | 288.5% | 440.5% | 0.00% | minus 30.0% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 13.6 | 18 | 15.1 | 33.1 | 35.1 | |
| 7.9 | 6.5 | 10.8 | 15.1 | 13.1 | |
| 5.7 | 11.4 | 4.3 | 18 | 22 | |
| 42.1% | 63.7% | 28.5% | 54.4% | 62.7% | |
| 0.6 | 0.2 | 0.6 | 3.7 | 0.3 | |
| 0 | 0 | 0 | – | 0 | |
| – | 0.5 | 1.3 | 1.8 | 3.7 | |
| 6.3 | 11.2 | 3.7 | 19.9 | 18.6 | |
| 14.9% | 17.6% | 32.9% | 24.8% | 21.3% | |
| 5.3 | 9.2 | 2.5 | 15 | 14.6 | |
| 2.37 | 0.20 | 0.03 | 0.21 | 0.16 |
Profit & loss
- Sales CAGR 3Y
- +288.5%
- Profit CAGR 3Y
- +440.5%
- EPS CAGR 3Y
- +412.8%
- ROE
- 25.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.4 | 1.5 | 0.4 | 82 | |
| – | +6.7% | minus 73.1% | +20340.5% | |
| 0.6 | 0.5 | 0.8 | 41.8 | |
| 0.8 | 1 | −0.4 | 40.2 | |
| 56.8% | 64.8% | −90.4% | 49.0% | |
| 0 | 0.1 | 0.1 | 0.7 | |
| 0.3 | 0.3 | 0.1 | 0.2 | |
| 0.1 | 0.2 | 0.1 | 4.5 | |
| 0 | – | −0 | 0.1 | |
| 0.4 | 0.6 | −0.5 | 36.4 | |
| 53.6% | 23.8% | 68.1% | 25.1% | |
| 0.2 | 0.4 | −0.2 | 27.2 | |
| – | +128.8% | minus 138.7% | – | |
| 0.00 | 0.01 | -0.00 | 0.38 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 3 | 3 | 122 | |
| 3.1 | 3.5 | 3.3 | 89.8 | |
| 3.5 | 0.9 | 0.8 | 9.8 | |
| 0.6 | 0.6 | 0.1 | 17.2 | |
| 10.1 | 8 | 7.2 | 239 | |
| 2 | 1.1 | 0 | 50.8 | |
| 0 | 0 | 0.1 | 0 | |
| 1.3 | 0.1 | 0 | 7.5 | |
| 6.8 | 6.8 | 7.1 | 180 | |
| 10.1 | 8 | 7.2 | 239 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.9 | 4.6 | −0.8 | −86.5 | |
| −4.4 | −1.7 | 0.9 | −93 | |
| 1.8 | −2.9 | −0.1 | 187 | |
| −0.8 | −0 | −0 | 7.5 | |
| −0.9 | −0 | – | −46.9 | |
| 1 | 4.5 | −0.8 | −133 | |
| – | – | – | −0.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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