On 6 Nov 2026, Kamdhenu was priced at ₹36.51, or 11.6× trailing earnings, against an industry P/E of 19.9×, and the shares are 16% below their 52-week high. Sales and net profit grew 1.4% and 24% a year over 3 years, with ROCE of 26% and ROE of 23%. It carries very little debt, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹1,029 Cr, ranked 57th of 150 Steel companies by market cap; the shares rose 31% over the past year.
- ₹36.45
- ₹36.83
- ₹35.60
- ₹36.03
- 7.3 L
Health check
- ReturnsAhead
+31.1% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 11.6 vs industry 19.9.
- GrowthSteady
Sales +1.4%, profit +24.1% a year over 3 years.
- ProfitabilityStrong
ROCE 25.6% vs peer median 18.7%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
High beta
Key metrics
- Market cap
- ₹1,029 Cr
- Small cap
- P/E
- 11.6
- Industry 19.9
- Price to book
- 2.38
- Peers 2.28
- Dividend yield
- 1.10%
- ROE
- 22.7%
- Peers 23.4%
- ROCE
- 25.6%
- Peers 18.7%
- Debt to equity
- 0.02
- Debt ₹8.71 Cr
- EPS (TTM)
- ₹3.16
- Face value ₹1
- OPM (TTM)
- 12.1%
- Net margin 11.3%
- Sales growth
- +12.5%
- Latest quarter vs a year ago
- Profit growth
- +27.3%
- Latest quarter vs a year ago
- Price to sales
- 1.28
- EV/EBITDA 7.0
Strengths and risks
Strengths
- Return on equity of 22.7%.
- Return on capital employed of 25.6%.
- Practically debt-free.
- Quarterly profit up 27.3% on a year ago.
- P/E of 11.6 against an industry P/E of 19.9.
About Kamdhenu
Kamdhenu Limited engages in manufacturing, marketing, branding, and distribution of thermo mechanical treatment (TMT) bars, structural steel, and allied products under the Kamdhenu brand name in India. The company offers steel rebars, structural steel products, and colour coated profile sheets. It also provides a range of shapes and sizes, including angles, channels, beams, flats, and MS pipes. It offers its products through a network of dealers and…
- Headquarters
- Gurugram
- Employees
- 618
- Sector
- Basic Materials
- ISIN
- INE390H01020
- Website
- kamdhenulimited.com
Price range
- Avg volume (3M)
- 12.4 L
- 1-year return
- plus 31.1%
- From 52-week high
- minus 16.5%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| KAMDHENUKamdhenu | 36.51 | plus 1.33% | 1,029 | 11.6 | 7.7 | 25.6% | 12.9% | 0.02 | 1.4% | plus 31.1% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 191 | 169 | 208 | 213 | 215 | |
| 168 | 147 | 181 | 192 | 187 | |
| 23.6 | 21.5 | 26.2 | 21.1 | 28.4 | |
| 12.4% | 12.7% | 12.6% | 9.9% | 13.2% | |
| 3.8 | 1.7 | 11.4 | 1.5 | 5.2 | |
| 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 1.3 | 1.6 | 1.6 | 1.8 | 2 | |
| – | 5.4 | −11.4 | 15.9 | – | |
| 25.7 | 26.8 | 24.4 | 36.4 | 31.4 | |
| 27.4% | 22.5% | 28.4% | 21.2% | 24.2% | |
| 18.7 | 20.8 | 17.4 | 28.7 | 23.8 | |
| 0.67 | 0.74 | 0.56 | 1.02 | 0.84 |
Profit & loss
- Sales CAGR 3Y
- +1.4%
- Profit CAGR 3Y
- +24.1%
- EPS CAGR 3Y
- +21.3%
- ROE
- 22.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 732 | 725 | 747 | 763 | |
| – | minus 1.0% | +3.1% | +2.1% | |
| 672 | 666 | 671 | 662 | |
| 60.4 | 59 | 76.2 | 102 | |
| 8.2% | 8.1% | 10.2% | 13.3% | |
| 1 | 8.2 | 4.6 | 9.8 | |
| 1.8 | 0.6 | 0.2 | 0.8 | |
| 4.8 | 5 | 5.3 | 5.8 | |
| 0.1 | 5.3 | 5 | 0.6 | |
| 54.9 | 66.9 | 80.4 | 106 | |
| 25.3% | 25.1% | 24.3% | 25.7% | |
| 41 | 50.1 | 60.9 | 78.4 | |
| – | +22.2% | +21.4% | +28.7% | |
| 1.52 | 1.85 | 2.18 | 2.72 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.9 | 26.9 | 27.7 | 28.2 | |
| 140 | 210 | 289 | 368 | |
| 3.7 | 2.7 | 1.2 | 9.4 | |
| 38.1 | 44 | 50.8 | 43.8 | |
| 209 | 284 | 368 | 450 | |
| 48.2 | 45.4 | 42.4 | 59.9 | |
| 1 | – | 11 | 11.1 | |
| 4.7 | 13.1 | 27 | 46.2 | |
| 21.6 | 133 | 207 | 258 | |
| 133 | 92.8 | 80.9 | 74.3 | |
| 209 | 284 | 368 | 450 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 66.8 | 102 | 68.9 | 66 | |
| −4 | −92.4 | −87.9 | −76.1 | |
| −54.5 | 18.5 | 14 | 2.8 | |
| 8.2 | 28.2 | −5 | −7.3 | |
| −5.4 | −2.9 | −13.3 | −11.5 | |
| 61.4 | 99.2 | 55.6 | 54.5 | |
| −2.7 | −4 | −5.5 | −7 |
Shareholding pattern
- Promoters49.03%
- Public50.97%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 49.03% | 50.97% | 0.00 | |
| 30 Jun 2026 | 49.03% | 50.97% | 0.00 | |
| 31 Mar 2026 | 49.03% | 50.97% | 0.00 | |
| 31 Dec 2025 | 49.03% | 50.97% | 0.00 | |
| 30 Sep 2025 | 49.03% | 50.97% | – |
Major shareholders
Filings & events
News
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