As of 4 Nov 2026, Kamadgiri Fashion trades at 16.6× trailing earnings, below the industry P/E of 17.2×, and the shares are 42% below their 52-week high. Sales fell 17% a year over 3 years while net profit grew 28%; its ROCE of 8.7% is the second-lowest among the 7 largest Apparel Manufacturing peers. Debt is 0.57× equity. It is a small-cap company with a market cap of ₹50 Cr, ranked 38th of 61 Apparel Manufacturing companies by market cap; the shares fell 8.9% over the past year.
- ₹85.05
- ₹86.00
- ₹85.05
- ₹86.00
- 13
Health check
- ReturnsIn line
−8.9% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 16.6 vs industry 17.2.
- GrowthSteady
Sales −17.3%, profit +27.8% a year over 3 years.
- ProfitabilityWeak
ROCE 8.7% vs peer median 20.1%.
- Balance sheetFair
Debt 0.57× equity, interest covered 2.9×, Piotroski 9 of 9.
- Red flags2 to check
Quarterly profit down 21.1% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹50 Cr
- Small cap
- P/E
- 16.6
- Industry 17.2
- Price to book
- 1.25
- Peers 5.48
- Dividend yield
- 0.00%
- ROE
- 10.0%
- Peers 20.0%
- ROCE
- 8.7%
- Peers 20.1%
- Debt to equity
- 0.57
- Debt ₹23 Cr
- EPS (TTM)
- ₹5.17
- OPM (TTM)
- 4.7%
- Net margin 2.3%
- Sales growth
- +6.5%
- Latest quarter vs a year ago
- Profit growth
- −21.1%
- Latest quarter vs a year ago
- Price to sales
- 0.30
- EV/EBITDA 9.6
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 21.1% on a year ago.
- 42% below its 52-week high.
About Kamadgiri Fashion
Kamadgiri Fashion Limited engages in the manufacture and sale of fabrics and ready to wear garments primarily in India. The company offers suiting and shirting fabrics; and casual and formal shirts and trousers. It provides its products under Incasso brand name. Kamadgiri Fashion Limited was incorporated in 1987 and is headquartered in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 237
- Sector
- Consumer Cyclical
- ISIN
- INE535C01013
- Website
- kflindia.com
Price range
- Avg volume (3M)
- 467
- 1-year return
- minus 8.9%
- From 52-week high
- minus 42.3%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| KAMADGIRIKamadgiri Fashion | 86.00 | 0.00% | 50 | 16.6 | 1.25 | 8.7% | 10.0% | 4.7% | −17.3% | 27.8% | 0.00% | minus 8.9% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 36.3 | 41.9 | 35 | 44.5 | 38.7 | |
| 34.7 | 40.2 | 32.6 | 42.5 | 37.3 | |
| 1.6 | 1.7 | 2.4 | 2 | 1.4 | |
| 4.5% | 4.0% | 6.8% | 4.5% | 3.6% | |
| 0.1 | 0 | 0 | 0.2 | 0.3 | |
| 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | |
| 0.8 | 0.8 | 0.9 | 0.8 | 0.9 | |
| 0.3 | 0.2 | 1 | 0.9 | 0.2 | |
| 22.9% | 48.3% | 33.4% | −126.6% | 28.3% | |
| 0.2 | 0.1 | 0.7 | 2.1 | 0.2 | |
| 0.35 | 0.20 | 1.13 | 3.57 | 0.27 |
Profit & loss
- Sales CAGR 3Y
- −17.3%
- Profit CAGR 3Y
- +27.8%
- EPS CAGR 3Y
- +27.9%
- ROE
- 10.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 278 | 216 | 177 | 157 | |
| – | minus 22.5% | minus 17.9% | minus 11.1% | |
| 262 | 210 | 169 | 149 | |
| 15.8 | 5.1 | 8.1 | 8.1 | |
| 5.7% | 2.4% | 4.6% | 5.1% | |
| 0.9 | 2.1 | −0.1 | −0.8 | |
| 8.3 | 7.4 | 3.3 | 1.3 | |
| 5.4 | 4.6 | 3.3 | 3.3 | |
| −0.7 | 3 | 0.2 | −0.3 | |
| 2.2 | −1.8 | 1.6 | 2.4 | |
| 33.9% | 20.4% | 25.0% | −27.6% | |
| 1.5 | −1.4 | 1.2 | 3.1 | |
| – | minus 195.5% | – | +157.0% | |
| 2.51 | -2.40 | 2.04 | 5.25 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.9 | 5.9 | 5.9 | 5.9 | |
| 29.9 | 28.5 | 29.8 | 33.4 | |
| 65.8 | 41.7 | 26.5 | 16.1 | |
| 53.9 | 44.9 | 19 | 12.5 | |
| 155 | 121 | 81.2 | 67.9 | |
| 25.3 | 17.6 | 19 | 17.7 | |
| 0.1 | 0.3 | 0.3 | 0.6 | |
| 0.1 | 0.8 | 2.5 | 0.7 | |
| 2.6 | 0.4 | 0.4 | 0.1 | |
| 127 | 102 | 58.9 | 48.8 | |
| 155 | 121 | 81.2 | 67.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.8 | 24.4 | 22.2 | 12.3 | |
| 1.2 | 7.6 | 17.1 | −3.2 | |
| −17.9 | −32 | −39.1 | −9.4 | |
| 0.1 | −0 | 0.2 | −0.3 | |
| −0.6 | −1.2 | −2 | −3.6 | |
| 16.2 | 23.1 | 20.2 | 8.7 |
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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