---
title: "K E W Industries Ltd (532758) — Share Price, Financials & Analysis"
symbol: "532758"
company: "K E W Industries Ltd"
canonical: "https://tapetide.com/stocks/532758"
isin: "INE700H01012"
bse_code: "532758"
generated_at: "2026-10-13T11:00:43.712Z"
---

# K E W Industries Ltd (532758)

Canonical page: https://tapetide.com/stocks/532758

## Company

- **BSE Code:** 532758
- **ISIN:** INE700H01012
- **Stock Type:** EQUITY
- **Listed Since:** 2006-09-25
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kewltd.com

## About

Kew Industries Limited manufactures and supplies defense stores and automobile components in India. The products include alloys steels, SG iron, and cast iron. The product lines include auto components, such as helper brackets, hanger brackets and spring shackles, brushes, pins, differential cages, brake drums, hubs, covers, B.C. levers, tie rods, flywheel assembly products, and brake discs, and defense products consisting of bomb shells.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -10.7% over past five years.
- Company has a low return on equity of 0.48% over last 3 years.
- Company has high debtors of 216 days.
- Working capital days have increased from 463 days to 680 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -132% | — | — |
| revenue growth | -29% | -18% | -11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Sales | 9.97 | 7.53 | 7.48 | 4.82 | 2.48 |
| Expenses | 9.05 | 5.4 | 5.09 | 2.65 | 6.86 |
| Operating Profit | 0.92 | 2.13 | 2.39 | 2.17 | -4.38 |
| OPM % | 9.23 | 28.29 | 31.95 | 45.02 | -176.61 |
| Other Income | 0.27 | 0.02 | 0.01 | 0.02 | 0 |
| Interest | 0.24 | 1.19 | 1.44 | 1.27 | 0.91 |
| Depreciation | 0.93 | 0.91 | 0.91 | 0.91 | 0.91 |
| Profit before tax | 0.02 | 0.05 | 0.05 | 0.01 | -6.2 |
| Tax % | -50 | 0 | 40 | 0 | 0 |
| Net Profit | 0.02 | 0.05 | 0.03 | 0.01 | -6.2 |
| EPS in Rs | 0.01 | 0.03 | 0.02 | 0.01 | -4.12 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 39.28 | 50.04 | 62.72 | 52.84 | 64.78 | 105.83 | 50.34 | 35.56 | 22.31 |
| Expenses | 32.71 | 42.22 | 53.93 | 45.78 | 56.53 | 97.13 | 42.04 | 28.52 | 20 |
| Operating Profit | 6.57 | 7.82 | 8.79 | 7.06 | 8.25 | 8.7 | 8.3 | 7.04 | 2.31 |
| OPM % | 16.73 | 15.63 | 14.01 | 13.36 | 12.74 | 8.22 | 16.49 | 19.8 | 10.35 |
| Other Income | 0.25 | 0.23 | 0.05 | 0.34 | 0.07 | 0.04 | 0.07 | 0.55 | 0.05 |
| Interest | 2.02 | 2.03 | 2.54 | 2.93 | 3.35 | 4.36 | 4.57 | 3.84 | 4.81 |
| Depreciation | 1.56 | 1.82 | 2.53 | 2.62 | 2.97 | 3.24 | 3.47 | 3.58 | 3.64 |
| Profit before tax | 3.24 | 4.2 | 3.77 | 1.85 | 2 | 1.14 | 0.33 | 0.17 | -6.09 |
| Tax % | 7.72 | 11.67 | 88.33 | 31.89 | 15 | 35.09 | 33.33 | 23.53 | — |
| Net Profit | 2.99 | 3.71 | 0.44 | 1.26 | 1.7 | 0.74 | 0.22 | 0.13 | -6.11 |
| EPS in Rs | 5.08 | 2.88 | 0.33 | 0.84 | 1.13 | 0.49 | 0.15 | 0.09 | -4.06 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.88 | 12.88 | 13.53 | 15.03 | 15.03 | 15.03 | 15.03 | 15.03 |
| Reserves | 14.42 | 32.13 | 39.62 | 43.52 | 45.73 | 46.42 | 46.61 | 46.44 |
| Borrowings | 17.52 | 17.66 | 17 | 22.64 | 27.15 | 34.2 | 30.17 | 29.56 |
| Other Liabilities | 5.62 | 8.27 | 6.68 | 5.31 | 7.6 | 7.74 | 9.64 | 11.03 |
| Total Liabilities | 43.44 | 70.94 | 76.83 | 86.5 | 95.51 | 103.39 | 101.45 | 102.06 |
| Fixed Assets | 16.42 | 24.17 | 25.08 | 26.03 | 27.02 | 26.69 | 25.29 | 23.83 |
| CWIP | 0.03 | 1.03 | 2.15 | 0.01 | 0.03 | 0.34 | 0 | 0 |
| Investments | 0.05 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Other Assets | 26.94 | 45.69 | 49.57 | 60.43 | 68.43 | 76.33 | 76.13 | 78.2 |
| Total Assets | 43.44 | 70.94 | 76.83 | 86.5 | 95.51 | 103.39 | 101.45 | 102.06 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.95 | -6.06 | 0.73 | -11.34 | -1.39 | -3.74 | 4.94 | 2.65 |
| Cash from Investing Activity | -2.47 | -12.41 | -4.15 | -1.04 | -3.58 | -3.19 | -1.66 | -1.81 |
| Cash from Financing Activity | 0.62 | 20.12 | 4.94 | 9.78 | 5.02 | 7.42 | -4.06 | -0.61 |
| Net Cash Flow | 0.1 | 1.65 | 1.52 | -2.6 | 0.05 | 0.49 | -0.78 | 0.23 |
| Free Cash Flow | -0.41 | -16.63 | -3.84 | -12.77 | -5.36 | -6.97 | 3.23 | 0.78 |
| CFO/OP | 35 | -74 | 46 | -123 | -13 | -38 | 67 | 44 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 122.38 | 130.64 | 161.2 | 245.64 | 222.56 | 103.74 | 189.1 | 216.37 |
| Inventory Days | 150.75 | 165.95 | 116.59 | 196.42 | 145.26 | 153.34 | 402.87 | 582.58 |
| Days Payable | 13.04 | 25.54 | 32.75 | 25.09 | 28.22 | 26.8 | 89.07 | 133.48 |
| Cash Conversion Cycle | 260.09 | 271.05 | 245.04 | 416.97 | 339.6 | 230.28 | 502.89 | 665.46 |
| Working Capital Days | 209.73 | 239.39 | 218.17 | 365.83 | 332.55 | 232.04 | 476.81 | 679.6 |
| ROCE % | — | 12.4 | 9.5 | 6.32 | 6.33 | 5.99 | 5.23 | 4.12 |

## Shareholding Pattern

### annual

| Category | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% |
| Public | 33.67% | 33.67% | 33.66% | 33.66% | 33.66% |
| No. of Shareholders | 493 | 595 | 881 | 787 | 700 |

### Quarterly

| Category | Mar 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% | 66.34% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.21% | 0% |
| Public | 33.67% | 33.66% | 33.68% | 33.67% | 33.67% | 33.66% | 33.66% | 33.66% | 33.66% | 33.66% | 33.45% | 33.66% |
| No. of Shareholders | 493 | 464 | 534 | 595 | 637 | 731 | 846 | 881 | 821 | 787 | 712 | 700 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-06 | [General Updates](https://nsearchives.nseindia.com/corporate/VSAL1999_06022026124556_Reg_30_intimationss.pdf) |
| 2026-02-05 | [General Updates](https://nsearchives.nseindia.com/corporate/VSAL1999_05022026122436_DEC2025_Initmation_of_Statement_of_Deviationsigned.pdf) |
| 2026-01-23 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/VSAL1999_23012026135912_SEOutcome23012026ffss.pdf) |
| 2026-01-23 | [General Updates](https://nsearchives.nseindia.com/corporate/VSAL1999_23012026141334_SEOutcome23012026ff.pdf) |
| 2026-01-16 | [General Updates](https://nsearchives.nseindia.com/corporate/VSAL1999_16012026113639_SEintimationCGReport.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/SME_AR_26206_MADHAVBAUG_2023_2024_08092024195826.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/SME_AR_22856_MADHAVBAUG_2022_2023_21082023223020_08222023070001.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/SME_AR_20073_MADHAVBAUG_2021_2022_18062022164116_06182022170002.zip) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532758/5327580313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532758/5327580312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532758/5327580311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532758/5327580310.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/VSAL1999_10112025170930_SEIntimationTranscriptH1FY26.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/VSAL1999_27052025112310_SEInitmation.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/MADHAVBAUG_15112024162755_SEInitmationH1FY25Transcript.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/MADHAVBAUG_01062024153616_Transcript_29052024_Signed.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/MADHAVBAUG_29052024103219_InvestorPresentation_31032024_Signed.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/MADHAVBAUG_21112023132000_Intimation_Transcript_Submission_Signed.pdf) |
| May 2023 | [Concall - May 2023](https://archives.nseindia.com/corporate/MADHAVBAUG_29052023131141_Intimation_InvestorPresentation_Submission_Signed.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://archives.nseindia.com/corporate/MADHAVBAUG_10112022162900_InvestorPResentation.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-09-03 | Credit rating update — CRISIL |
| 2025-07-14 | Credit rating update — CRISIL |
| 2024-05-16 | Credit rating update — CRISIL |
| 2023-03-13 | Credit rating update — CRISIL |
| 2022-01-27 | Credit rating update — CRISIL |
| 2020-11-17 | Credit rating update — CRISIL |
| 2019-08-30 | Credit rating update — CRISIL |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:43.712Z.