Khandelwal Extractions (BSE: ZKHANDEN) had a P/E of 56.5× on 6 Nov 2026, and the shares are 18% below their 52-week high. Sales fell 4.5% a year over 3 years while net profit grew 2.5%, with ROCE of 9.0% and ROE of 6.9%, though net profit is above operating profit, which points to a one-off gain. It is a small-cap company with a market cap of ₹14 Cr; the shares rose 71% over the past year.
- ₹165.00
- ₹165.00
- ₹165.00
- ₹162.70
- 1
Health check
- ReturnsStrong
+71.2% over the past year.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSlow
Sales −4.5%, profit +2.5% a year over 3 years.
- ProfitabilityWeak
ROCE 9.0%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags2 to check
Return on equity is low at 6.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹14 Cr
- Small cap
- P/E
- 56.5
- Price to book
- 4.50
- Book value ₹36.64
- Dividend yield
- 0.00%
- ROE
- 6.9%
- Return on equity
- ROCE
- 9.0%
- Return on capital employed
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹2.92
- OPM (TTM)
- 25.7%
- Net margin 38.1%
- Sales growth
- +38.2%
- Latest quarter vs a year ago
- Profit growth
- +82.2%
- Latest quarter vs a year ago
- Price to sales
- 21.57
- EV/EBITDA 75.7
Strengths and risks
Strengths
- Quarterly profit up 82.2% on a year ago.
- Quarterly sales up 38.2% on a year ago.
Risks to check
- Return on equity is low at 6.9%.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About Khandelwal Extractions
Khandelwal Extractions Limited engages in the factory leasing business in India. The company was incorporated in 1981 and is based in Kanpur, India.
- Headquarters
- Kanpur
- Sector
- Real Estate
- ISIN
- INE687W01010
- Website
- khandelwalextractions.com
Price range
- Avg volume (3M)
- 219
- 1-year return
- plus 71.2%
- From 52-week high
- minus 17.5%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0 | 0 | 0 | 0 | 0.1 | |
| 16.5% | 21.9% | 20.3% | 20.3% | 36.6% | |
| 0 | 0 | 0 | 0.1 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 24.5% | 20.8% | 31.7% | 25.2% | 23.8% | |
| 0 | 0.1 | 0 | 0.1 | 0.1 | |
| 0.54 | 0.67 | 0.44 | 0.82 | 0.99 |
Profit & loss
- Sales CAGR 3Y
- −4.5%
- Profit CAGR 3Y
- +2.5%
- EPS CAGR 3Y
- +2.6%
- ROE
- 6.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.7 | 0.8 | 0.7 | 0.6 | |
| – | +14.9% | minus 7.1% | minus 18.3% | |
| 0.5 | 0.5 | 0.5 | 0.5 | |
| 0.2 | 0.3 | 0.2 | 0.1 | |
| 30.2% | 41.0% | 34.1% | 19.7% | |
| 0.2 | 0.2 | 0.2 | 0.2 | |
| 0.1 | 0 | 0 | – | |
| 0 | 0 | 0 | 0 | |
| – | 0 | – | – | |
| 0.3 | 0.5 | 0.4 | 0.3 | |
| 37.7% | 27.7% | 25.2% | 25.2% | |
| 0.2 | 0.3 | 0.3 | 0.2 | |
| – | +74.7% | minus 13.0% | minus 29.1% | |
| 2.29 | 4.00 | 3.48 | 2.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.9 | 0.9 | 0.9 | 0.9 | |
| 1.4 | 1.7 | 2 | 2.2 | |
| 0.9 | 0.5 | – | – | |
| 0.8 | 0.7 | 0.6 | 0.6 | |
| 3.9 | 3.8 | 3.5 | 3.8 | |
| 0.6 | 0.6 | 0.6 | 0.5 | |
| – | – | 0.5 | 1.1 | |
| 2 | 2.1 | 1.6 | 1.3 | |
| 1.4 | 1.1 | 0.8 | 0.8 | |
| 3.9 | 3.8 | 3.5 | 3.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.4 | 0.2 | 0.3 | 0.2 | |
| 0.5 | −1.7 | −0.3 | −0.3 | |
| 0 | −0.5 | −0.5 | – | |
| 0.1 | −1.9 | 0.1 | −0.1 | |
| – | −0.1 | – | – | |
| −0.4 | 0.1 | 0.3 | 0.2 |
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
No recent news coverage found.