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Kama Holdings Ltd
KAMAHOLD NSE
Kama Holdings Ltd
Financial ServicesNSE: KAMAHOLD BSE: 532468 Holding Company
Key Fundamentals
MicrocapHolding CompanyFinancial ServicesMarket Cap
₹7,869 Cr
Volatility
Moderate
P/E Ratio
7.19
EBITDA
₹3,534 Cr
Return on Equity
12.29%
Debt to Equity
0.63
Book Value
₹2,496.62
52W High
₹2,783.9
52W Low
₹2,435.4
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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30 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Stock is trading at 0.98 times its book value
- Company has been maintaining a healthy dividend payout of 22.8%
Weaknesses
1- Company has a low return on equity of 11.9% over last 3 years.
Growth Rate
Revenue Growth
7.21% ↘
Net Income Growth
47.03% ↗
Cash Flow Change
1.08% ↗
ROE
32.58% ↗
ROCE
13.29% ↘
EBITDA Margin (Avg.)
15.20% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 18d agoAI opinion · based on fundamentals
Risk medium
Kama Holdings Ltd is a financial services holding company trading at a PE of 4.4x and 1.01x book value with a market cap of Rs 8,119 crore. The company delivered 53% TTM profit growth but has seen its stock decline 18% over the past year, reflecting a disconnect between earnings momentum and market sentiment.
Bull Case 8
- Extremely low PE ratio of 4.4x suggests deep value relative to earnings, well below typical financial services sector multiples
- Trading at 1.01x price-to-book value, essentially at book, leaving minimal downside from an asset-backing perspective
- TTM compounded profit growth of 53% indicates a sharp earnings recovery in the most recent period
- Consistent dividend payout of 20.8% with a current dividend yield of 1.65%, providing income to shareholders
- 10-year compounded sales growth of 13% demonstrates a long-term track record of revenue expansion
- 10-year ROE average of 16% reflects historically sound capital allocation over a full business cycle
- 10-year stock CAGR of 21% shows significant long-term wealth creation despite recent underperformance
- 5-year compounded profit growth of 10% confirms sustained earnings growth beyond just the recent TTM spike
Bear Case 8
- Stock has declined 18% over the past 1 year, significantly underperforming broader markets and signaling negative sentiment
- 3-year compounded profit growth is negative at -8%, indicating earnings inconsistency prior to the recent TTM recovery
- 3-year ROE of only 12% and last year ROE of 13% are below the 10-year average of 16%, pointing to declining return efficiency
- 3-year stock CAGR of just 1% shows the market has assigned little value to the company's growth over a medium-term horizon
- 3-year compounded sales growth of only 2% indicates near-stagnation in revenue over the medium term
- Low return on equity of 11.9% over the last 3 years suggests suboptimal deployment of shareholder capital
- As a holding company, valuation is subject to a holding company discount with limited direct operational control over subsidiaries
- 5-year stock CAGR of only 3% versus 5-year sales CAGR of 13% indicates the market is compressing the valuation multiple over time
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 74d ago Neutral 1
- Board meet for Q4FY26 results May 18
Kama Holdings scheduled a Board meeting on May 25, 2026 to approve audited financial results for Q4FY26 and consider a final dividend recommendation.
TL;DR: Limited news flow for Kama Holdings with only a routine board meeting announcement for Q4FY26 results and potential dividend consideration on May 25. No identifiable headwinds or positive catalysts in the current cycle. The outlook remains neutral pending actual financial results and dividend decision.
Quarterly Results
| 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 | 3,363 | 3,206 | 3,076 | 3,796 | 3,501 | 3,452 | 3,526 | 4,350 | 3,857 | 3,672 | 3,743 | 4,658 | 5,071 |
| Expenses | 2,652 | 2,562 | 2,499 | 2,888 | 2,878 | 2,899 | 2,885 | 3,375 | 3,002 | 2,880 | 2,948 | 3,609 | 4,021 |
| Operating Profit | 710 | 644 | 577 | 907 | 623 | 552 | 641 | 975 | 855 | 792 | 795 | 1,049 | 1,050 |
| OPM % | 21% | 20% | 19% | 24% | 18% | 16% | 18% | 22% | 22% | 22% | 21% | 23% | 21% |
| Other Income | 1 | 17 | 12 | 19 | 7 | 26 | 22 | 16 | 11 | 12 | -59 | -7 | 16 |
| Interest | 65 | 79 | 67 | 90 | 96 | 94 | 96 | 89 | 80 | 71 | 65 | 62 | 69 |
| Depreciation | 156 | 161 | 168 | 185 | 188 | 193 | 194 | 194 | 203 | 212 | 217 | 219 | 14 |
| PBT | 490 | 421 | 354 | 651 | 346 | 291 | 373 | 707 | 584 | 521 | 454 | 761 | 983 |
| Tax % | 26% | 29% | 28% | 4% | 27% | 30% | 27% | 25% | 25% | 25% | 4% | 23% | 23% |
| Net Profit | 362 | 300 | 255 | 623 | 251 | 204 | 272 | 527 | 436 | 390 | 434 | 584 | 762 |
| EPS in Rs | 57.25 | 46.97 | 40.25 | 128 | 39.15 | 32.3 | 42.78 | 82.63 | 68.89 | 61.39 | 68.06 | 91.69 | 120 |
Profit & Loss
| 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 | 4,560 | 4,630 | 4,864 | 5,633 | 7,153 | 7,270 | 8,468 | 12,503 | 15,095 | 13,440 | 14,828 | 15,930 | 17,144 |
| Expenses | 3,833 | 3,655 | 3,856 | 4,714 | 5,879 | 5,792 | 6,302 | 9,365 | 11,381 | 10,602 | 12,037 | 12,439 | 13,458 |
| Operating Profit | 727 | 975 | 1,009 | 919 | 1,274 | 1,477 | 2,166 | 3,138 | 3,714 | 2,838 | 2,792 | 3,491 | 3,686 |
| OPM % | 16% | 21% | 21% | 16% | 18% | 20% | 26% | 25% | 25% | 21% | 19% | 22% | 22% |
| Other Income | 68 | 33 | 32 | 123 | 115 | 130 | 32 | 86 | 63 | 49 | 70 | -44 | -39 |
| Interest | 140 | 131 | 103 | 126 | 200 | 200 | 133 | 115 | 204 | 301 | 375 | 277 | 266 |
| Depreciation | 246 | 291 | 297 | 333 | 361 | 386 | 451 | 515 | 573 | 671 | 769 | 850 | 662 |
| PBT | 408 | 587 | 641 | 584 | 828 | 1,021 | 1,614 | 2,593 | 3,000 | 1,916 | 1,718 | 2,319 | 2,719 |
| Tax % | 24% | 26% | 22% | 22% | 22% | 0% | 26% | 27% | 23% | 20% | 27% | 20% | — |
| Net Profit | 312 | 435 | 501 | 458 | 647 | 1,017 | 1,196 | 1,889 | 2,324 | 1,539 | 1,254 | 1,844 | 2,170 |
| EPS in Rs | 96.54 | 135 | 99.44 | 75.46 | 105 | 164 | 188 | 296 | 391 | 272 | 197 | 290 | 341 |
| Div. Payout % | 3% | 2% | 3% | 4% | 3% | 4% | 12% | 11% | 8% | 37% | 17% | 14% | — |
Balance Sheet
| 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 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 32 | 32 | 32 |
| Reserves | 1,345 | 1,593 | 1,846 | 1,943 | 2,364 | 2,791 | 3,750 | 4,829 | 5,709 | 6,577 | 7,214 | 7,980 |
| Borrowings | 2,484 | 2,528 | 2,412 | 3,154 | 3,750 | 4,121 | 3,458 | 3,651 | 4,457 | 5,022 | 4,716 | 5,078 |
| Other Liabilities | 2,165 | 2,473 | 2,887 | 3,557 | 4,005 | 4,158 | 6,046 | 7,711 | 9,075 | 9,701 | 10,564 | 12,090 |
| Total Liabilities | 6,000 | 6,601 | 7,151 | 8,660 | 10,126 | 11,078 | 13,260 | 16,198 | 19,246 | 21,331 | 22,525 | 25,180 |
| Fixed Assets | 3,952 | 4,151 | 4,424 | 5,140 | 5,652 | 6,377 | 7,839 | 8,441 | 10,071 | 13,267 | 13,751 | 13,969 |
| CWIP | 117 | 128 | 270 | 580 | 777 | 1,415 | 773 | 1,672 | 2,406 | 806 | 811 | 1,889 |
| Investments | 163 | 238 | 290 | 219 | 243 | 354 | 646 | 619 | 952 | 1,139 | 1,708 | 1,627 |
| Other Assets | 1,768 | 2,083 | 2,167 | 2,720 | 3,454 | 2,931 | 4,003 | 5,466 | 5,818 | 6,119 | 6,255 | 7,694 |
| Total Assets | 6,000 | 6,601 | 7,151 | 8,660 | 10,126 | 11,078 | 13,260 | 16,198 | 19,246 | 21,331 | 22,525 | 25,180 |
Cash Flow
| 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 | 532 | 1,091 | 635 | 706 | 904 | 1,292 | 1,807 | 2,133 | 2,873 | 2,126 | 2,534 | 2,561 |
| Investing | -563 | -644 | -645 | -1,289 | -1,068 | -1,189 | -1,529 | -1,615 | -2,930 | -2,098 | -1,704 | -1,607 |
| Financing | 43 | -165 | -243 | 575 | 266 | -177 | -182 | -205 | 144 | -71 | -1,064 | -697 |
| Net Cash Flow | 12 | 282 | -253 | -8 | 102 | -74 | 97 | 312 | 87 | -42 | -234 | 256 |
| Free Cash Flow | 46 | 506 | -687 | -587 | -279 | -217 | 623 | 314 | 16 | -78 | 1,308 | 750 |
| CFO/OP | 85 | 123 | 75 | 91 | 83 | 97 | 95 | 81 | 91 | 89 | 103 | 88 |
Ratios
| 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 | 49 | 41 | 49 | 44 | 53 | 45 | 55 | 52 | 43 | 53 | 53 | 59 |
| Inventory Days | 110 | 110 | 127 | 115 | 109 | 121 | 128 | 121 | 112 | 127 | 112 | 129 |
| Days Payable | 83 | 112 | 122 | 126 | 123 | 112 | 138 | 119 | 109 | 120 | 111 | 120 |
| Cash Conversion Cycle | 75 | 39 | 54 | 34 | 39 | 54 | 45 | 55 | 45 | 60 | 54 | 68 |
| Working Capital Days | 9 | 3 | -15 | -19 | 77 | 56 | 57 | 57 | 48 | 66 | 63 | 65 |
| ROCE % | 11% | 14% | 14% | 11% | 13% | 14% | 18% | 23% | 23% | 14% | 12% | 14% |
Documents
2
Unaudited Financial Results Alongwith Limited Review Report For The Quarter And Half Year Ended 30.09.2025 13 Nov 2025
3
Unaudited Financial Results Alongwith Limited Review Report For The Quarter Ended 30.06.2025 12 Aug 2025
2
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
7 Apr - Shareholders approved postal ballot resolutions on April 6, 2026; voting results filed under Regulation 44(3). 7 Apr - Shareholders approved postal ballot resolutions on April 6, 2026; voting results filed under Regulation 44(3).
5
Board Meeting Outcome for Declaration Of Second Interim Dividend-2025-26
16 Mar - Interim dividend Rs.23.20/share (232%) declared; record date Mar 20, 2026; payment from Apr 9, 2026. 16 Mar - Interim dividend Rs.23.20/share (232%) declared; record date Mar 20, 2026; payment from Apr 9, 2026.
Frequently Asked Questions about Kama Holdings Ltd
What does Kama Holdings Ltd do?
KAMA Holdings Ltd is a core investment company while the principal activities of its subsidiaries are manufacturing, purchasing, and sale of technical textiles, chemicals, packaging films, and other polymers. [1]
Where is Kama Holdings Ltd (KAMAHOLD) listed?
Kama Holdings Ltd is listed on the Indian stock exchanges. It is listed on NSE: KAMAHOLD and BSE: 532468. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Kama Holdings Ltd belong to?
Kama Holdings Ltd operates in the Financial Services sector within the Holding Company industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Kama Holdings Ltd?
Kama Holdings Ltd has a market capitalisation of approximately ₹7868.61 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Kama Holdings Ltd?
The Price-to-Earnings (PE) ratio of Kama Holdings Ltd is 7.19. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Kama Holdings Ltd?
Over the past 52 weeks, Kama Holdings Ltd has traded between a low of ₹2,435.4 and a high of ₹2,783.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Kama Holdings Ltd pay dividends?
Yes, Kama Holdings Ltd has a dividend yield of 0.91%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Kama Holdings Ltd?
Kama Holdings Ltd has a Return on Equity (ROE) of 12.29%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Kama Holdings Ltd on Tapetide?
On Tapetide, you can view Kama Holdings Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
KAMA Holdings Ltd is a core investment company while the principal activities of its subsidiaries are manufacturing, purchasing, and sale of technical textiles, chemicals, packaging films, and other polymers. [1]
Website kamaholdings.com
Face Value ₹ 10