Kay Power and Paper (BSE: KAYPOWR) had a P/E of 32.1× on 6 Nov 2026, above the industry P/E of 14.0×, and the shares are 30% below their 52-week high. Sales and net profit fell 18% and 10% a year over 3 years, with ROCE of 1.3% and ROE of 1.6%. It carries very little debt. It is a small-cap company with a market cap of ₹37 Cr, ranked 30th of 43 Paper & Paper Products companies by market cap; the shares fell 31% over the past year.
- ₹10.23
- ₹10.67
- ₹10.02
- ₹10.23
- 8.3K
Health check
- ReturnsBehind
−31.3% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 32.1 vs industry 14.0.
- GrowthShrinking
Sales −17.5%, profit −10.5% a year over 3 years.
- ProfitabilityWeak
ROCE 1.3% vs peer median 6.0%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags3 to check
Return on equity is low at 1.6%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹37 Cr
- Small cap
- P/E
- 32.1
- Industry 14.0
- Price to book
- 0.47
- Peers 1.16
- Dividend yield
- 0.00%
- ROE
- 1.6%
- Peers 5.8%
- ROCE
- 1.3%
- Peers 6.0%
- Debt to equity
- 0.00
- Debt ₹0.17 Cr
- EPS (TTM)
- ₹0.33
- OPM (TTM)
- 12.9%
- Net margin 4.9%
- Sales growth
- −17.2%
- Latest quarter vs a year ago
- Profit growth
- +1009.1%
- Latest quarter vs a year ago
- Price to sales
- 1.60
- EV/EBITDA 10.9
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 1009.1% on a year ago.
Risks to check
- Return on equity is low at 1.6%.
- Quarterly sales down 17.2% on a year ago.
- P/E of 32.1 against an industry P/E of 14.0.
About Kay Power and Paper
Kay Power and Paper Limited manufactures and sells MG kraft paper in India. It also generates electricity with a capacity of 6 M.W.; and sells firewood. In addition, the company is involved in the manufacture, sale, import, and export of sugar, cement chemicals, heavy engineering machinery, turnkey projects, specialized machinery, and other industrial machinery; and the manufacture of oxygen plants, cryogenic vessels for storage of oxygen, dura cylinders,…
- Headquarters
- Satara
- Employees
- 45
- Sector
- Basic Materials
- ISIN
- INE961B01013
- Website
- kaypowerandpaper.com
Price range
- Avg volume (3M)
- 16.2K
- 1-year return
- minus 31.3%
- From 52-week high
- minus 29.5%
Peers · Paper & Paper Products
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JKPAPERJK Paper | 368.00 | minus 0.90% | 6,673 | 18.9 | 9.2 | 6.2% | 10.1% | 0.43 | 2.8% | minus 3.9% |
| WSTCSTPAPRWest Coast Paper Mills | 738.15 | minus 11.24% | 4,875 | 21.2 | 9.7 | 5.9% | 11.5% | 0.08 | −4.5% | plus 84.7% |
| SESHAPAPERSeshasayee Paper and Boards | 216.45 | minus 0.48% | 1,365 | 11.0 | 8.5 | 4.4% | 7.0% | – | −6.3% | minus 15.5% |
| ANDHRAPAPANDHRA PAPER | 61.52 | minus 1.96% | 1,223 | 23.4 | 10.7 | 1.9% | 4.8% | 0.15 | −6.7% | minus 19.1% |
| NRAILN R Agarwal Industries | 673.00 | minus 0.25% | 1,145 | 18.4 | 10.8 | 7.7% | 9.9% | 1.01 | 6.9% | plus 43.2% |
| TNPLTamil Nadu Newsprint & Papers | 136.26 | minus 2.23% | 943 | 3.6 | 4.9 | 6.3% | 10.2% | 0.70 | −3.6% | minus 8.9% |
| PDMJEPAPERPudumjee Paper Products | 87.80 | minus 0.93% | 834 | 9.2 | 5.4 | – | 14.3% | 0.05 | 2.1% | minus 24.4% |
| KAYPOWRKay Power and Paper | 10.59 | plus 3.52% | 37 | 32.1 | 13.4 | 1.3% | 12.9% | 0.00 | −17.5% | minus 31.3% |
| Median of 7 peers | – | −0.93% | 1,223 | 18.4 | 9.2 | 6.0% | 10.1% | 0.29 | −3.6% | −8.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 7.1 | 7.6 | 4.7 | 4.9 | 5.9 | |
| 7.1 | 7.2 | 4.5 | 3.1 | 5.3 | |
| 0.1 | 0.4 | 0.3 | 1.8 | 0.6 | |
| 0.9% | 5.1% | 5.7% | 35.8% | 9.9% | |
| 0.3 | 0 | 0 | 0.2 | 0 | |
| – | – | 0 | 0 | 0 | |
| 0.3 | 0.4 | 0.4 | 0.9 | 0.5 | |
| – | – | – | – | 0.1 | |
| 0 | 0 | −0.1 | 1.1 | 0.1 | |
| 0 | 0 | −0.1 | 1.1 | 0.1 | |
| 0.01 | 0.01 | -0.02 | 0.30 | 0.04 |
Profit & loss
- Sales CAGR 3Y
- −17.5%
- Profit CAGR 3Y
- −10.5%
- ROE
- 1.6%
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| – | 43.4 | 36.1 | 40.4 | 24.4 | |
| – | – | minus 17.0% | +12.1% | minus 39.7% | |
| – | 41.8 | 34.7 | 39.9 | 21.6 | |
| – | 1.6 | 1.3 | 0.6 | 2.7 | |
| – | 3.7% | 3.7% | 1.4% | 11.3% | |
| – | 0.5 | 0.4 | 2 | 0.1 | |
| 0 | 0 | – | – | 0 | |
| – | 0.8 | 1.6 | 1.4 | 2 | |
| −0 | 0.1 | 1.4 | – | 0.1 | |
| – | 1.4 | 1.5 | 1.1 | 1 | |
| – | 1.4 | 1.5 | 1.1 | 1 | |
| – | – | +6.8% | minus 25.1% | minus 10.2% | |
| – | 1.32 | 1.41 | – | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.6 | 10.6 | 22.1 | 34.9 | |
| −8.7 | −7.2 | 27.8 | 45 | |
| 27.1 | 27.2 | 0.8 | 0.2 | |
| 16.2 | 4.4 | 11.6 | 2.7 | |
| 45.3 | 35.1 | 62.3 | 82.8 | |
| 22.9 | 27.7 | 41.6 | 44.8 | |
| 11.9 | – | – | 5.3 | |
| 14.3 | 0.9 | 0 | 0.9 | |
| 0.1 | 0.2 | 0.3 | 0.3 | |
| −4 | 6.3 | 20.5 | 31.5 | |
| 45.3 | 35.1 | 62.3 | 82.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.5 | 9.3 | −3.6 | −23.1 | |
| −11.9 | −6.4 | −15.3 | −5.2 | |
| 10.4 | −2.8 | 18.9 | 28.3 | |
| −1 | 0.1 | 0.1 | 0 | |
| −11.9 | −6.4 | −15.3 | −5.2 | |
| −11.4 | 2.9 | −18.9 | −28.3 |
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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