Kay Power & Paper
Kay Power & Paper
Forest MaterialsKey Fundamentals
MicrocapPaper & Paper ProductsForest MaterialsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.43 times its book value
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.65% over past five years.
- Tax rate seems low
- Company has a low return on equity of 3.85% over last 3 years.
- Debtor days have increased from 51.8 to 76.2 days.
- Working capital days have increased from 20.9 days to 78.5 days
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.57 | 8.19 | 9.09 | 11.23 | 10.14 | 8.8 | 9.34 | 12.16 | 7.12 | 7.63 | 4.75 | 4.89 | 5.89 |
| Expenses | 7.8 | 8.14 | 8.62 | 11.06 | 11.36 | 9.01 | 8.9 | 11.03 | 7.06 | 7.24 | 4.48 | 3.15 | 5.3 |
| Operating Profit | -0.23 | 0.05 | 0.47 | 0.17 | -1.22 | -0.21 | 0.44 | 1.13 | 0.06 | 0.39 | 0.27 | 1.74 | 0.59 |
| OPM % | -3.04% | 0.61% | 5.17% | 1.51% | -12.03% | -2.39% | 4.71% | 9.29% | 0.84% | 5.11% | 5.68% | 35.58% | 10.02% |
| Other Income | 0.45 | 0.44 | 0.28 | 1.43 | 1.65 | 0.63 | 0.04 | 0.1 | 0.3 | 0 | 0 | 0.25 | 0.05 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.21 | 0.21 | 0.21 | 0.94 | 0.39 | 0.39 | 0.39 | 0.27 | 0.35 | 0.37 | 0.36 | 0.93 | 0.5 |
| PBT | 0.01 | 0.28 | 0.54 | 0.66 | 0.04 | 0.03 | 0.09 | 0.96 | 0.01 | 0.02 | -0.09 | 1.06 | 0.14 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 0.01 | 0.28 | 0.54 | 0.66 | 0.04 | 0.03 | 0.09 | 0.96 | 0.01 | 0.02 | -0.09 | 1.06 | 0.13 |
| EPS in Rs | 0.01 | 0.26 | 0.51 | 0.62 | 0.04 | 0.01 | 0.04 | 0.43 | 0 | 0.01 | -0.03 | 0.3 | 0.04 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.35 | 33.65 | 33.04 | 39.7 | 37.18 | 27.63 | 19 | 32.96 | 41.7 | 34.53 | 39.2 | 23.85 | 23.16 |
| Expenses | 31.77 | 33.21 | 33.72 | 38.29 | 35.14 | 27.45 | 20.58 | 32.05 | 40.08 | 34.06 | 39.07 | 21.38 | 20.17 |
| Operating Profit | -2.42 | 0.44 | -0.68 | 1.41 | 2.04 | 0.18 | -1.58 | 0.91 | 1.62 | 0.47 | 0.13 | 2.47 | 2.99 |
| OPM % | -8.25% | 1.31% | -2.06% | 3.55% | 5.49% | 0.65% | -8.32% | 2.76% | 3.88% | 1.36% | 0.33% | 10.36% | 12.91% |
| Other Income | 3.11 | 1.95 | 3.87 | 0.23 | 0.18 | 0.87 | 2.49 | 0.03 | 0.64 | 2.59 | 2.42 | 0.55 | 0.3 |
| Interest | 0 | 0 | 0.41 | 0.12 | 1.31 | 0.2 | 0.01 | 0.02 | 0.02 | 0.01 | -0.01 | 0 | 0 |
| Depreciation | 0.62 | 0.79 | 0.91 | 0.86 | 0.83 | 0.84 | 0.84 | 0.83 | 0.83 | 1.56 | 1.44 | 2.01 | 2.16 |
| PBT | 0.07 | 1.6 | 1.87 | 0.66 | 0.08 | 0.01 | 0.06 | 0.09 | 1.41 | 1.49 | 1.12 | 1.01 | 1.13 |
| Tax % | 0% | 0% | 0% | 0% | 25% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | 0.07 | 1.59 | 1.87 | 0.66 | 0.07 | 0 | 0.06 | 0.09 | 1.41 | 1.49 | 1.13 | 1.01 | 1.12 |
| EPS in Rs | 0.07 | 1.49 | 1.76 | 0.62 | 0.07 | 0 | 0.06 | 0.08 | 1.33 | 1.4 | 0.51 | 0.29 | 0.32 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 22.09 | 34.94 |
| Reserves | -5.08 | -3.49 | -10.97 | -10.31 | -10.24 | -10.24 | -10.18 | -10.08 | -8.68 | -7.17 | 27.84 | 45.01 |
| Borrowings | 31.45 | 26.98 | 23.03 | 12.45 | 9.81 | 18.25 | 18.19 | 19.67 | 30.08 | 27.25 | 0.84 | 0.18 |
| Other Liabilities | 2.67 | 12.11 | 24.63 | 27.83 | 20.4 | 3.05 | 4.02 | 4.48 | 13.22 | 4.36 | 11.56 | 2.69 |
| Total Liabilities | 39.68 | 46.24 | 47.33 | 40.61 | 30.61 | 21.7 | 22.67 | 24.71 | 45.26 | 35.08 | 62.33 | 82.82 |
| Fixed Assets | 32.5 | 38.91 | 38.17 | 19.95 | 14.33 | 13.52 | 12.69 | 11.85 | 11.02 | 27.74 | 41.6 | 39.44 |
| CWIP | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 11.91 | 0 | 0 | 5.32 |
| Investments | 0.16 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Other Assets | 7.02 | 7.31 | 9.16 | 17.66 | 16.28 | 8.18 | 9.98 | 12.86 | 22.33 | 7.34 | 20.63 | 37.96 |
| Total Assets | 39.68 | 46.24 | 47.33 | 40.61 | 30.61 | 21.7 | 22.67 | 24.71 | 45.26 | 35.08 | 62.33 | 82.82 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 5.03 | 11.53 | 4.01 | 6.1 | 4.5 | 0.78 | 0.56 | -1.14 | 0.51 | 9.31 | -3.58 | -23.04 |
| Investing | 0 | -7.2 | -0.17 | -1.39 | -1.73 | -0.03 | 0 | 0 | -11.91 | -6.36 | -15.3 | -5.17 |
| Financing | -4.97 | -4.33 | -3.95 | -10.58 | -2.73 | -0.85 | 0 | 1.5 | 10.41 | -2.83 | 18.83 | 28.35 |
| Net Cash Flow | 0.06 | 0 | -0.11 | -5.87 | 0.03 | -0.1 | 0.56 | 0.36 | -0.99 | 0.12 | -0.04 | 0.14 |
| Free Cash Flow | 5.03 | 4.33 | 3.84 | 4.71 | 2.77 | 0.75 | 0.56 | -1.14 | -11.4 | 2.95 | -18.88 | -28.21 |
| CFO/OP | -208 | 2,620 | -590 | 433 | 221 | 433 | -35 | -125 | 31 | 1,981 | -2,754 | -933 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28.23 | 38.83 | 33.14 | 40.09 | 32.69 | 41.48 | 48.79 | 36.77 | 18.12 | 30.97 | 48.23 | 76.21 |
| Inventory Days | 53.2 | 34.63 | 26.7 | 33.01 | 45.36 | 85.2 | 121 | 91.21 | 39.8 | 25.16 | 33.7 | 35.94 |
| Days Payable | 32.03 | 156 | 203 | 218 | 144 | 53.06 | 86.06 | 54.08 | 147 | 59.8 | 141 | 65.56 |
| Cash Conversion Cycle | 49.4 | -82.37 | -143 | -145 | -65.81 | 73.62 | 83.84 | 73.9 | -89.39 | -3.66 | -59.28 | 46.6 |
| Working Capital Days | 43.03 | -60.63 | -76.78 | -16.37 | 42.61 | 58.65 | 91.25 | 66.11 | -50.59 | 8.35 | -24.12 | 78.51 |
| ROCE % | 0.18% | 4.5% | 8.02% | 93.18% | 11.66% | -4.64% | 0.38% | 0.57% | 5.47% | 4.78% | 2.72% | 1.54% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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60 extracted metrics + investor summaries across FY00–FY26.
Documents
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Company Information
Incorporated on 1991, Kay Power and Paper Ltd deals in the production and marketing of Kraft paper.[1]
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