530145
Kisan Mouldings financials
- Market cap
- ₹275 Cr
- Sector
- Capital Goods
What Kisan Mouldings does
Kisan Mouldings manufactures PVC/CPVC/UPVC pipes, fittings and solvent cements used in plumbing, soil-waste-rainwater (SWR) drainage and agricultural drip/sprinkler irrigation systems. It processes roughly 20,000-40,000 tonnes of polymer annually across two plants -- Mahagaon (Boisar, Maharashtra) and Khadoli (Silvassa) -- making CPVC plumbing pipe from resin and technology sourced from Japan and SWR pipes in 40mm-200mm diameters under the 'Kisan' and 'KML Classic' brands. Products reach customers through a network of distributors, dealers and retail outlets across India. Apollo Pipes Limited holds a majority (~62%) stake and is the company's holding company, with KML Tradelinks Private Limited as its own wholly owned subsidiary.
Segments
- Plumbing solutions
- Drainage / SWR
- Irrigation systems
- Solvents
- Manufacturing plants
- 2 (Mahagaon/Boisar, Maharashtra; Khadoli, Silvassa)
- Annual polymer processing volume
- ~20,000-40,000 tonnes/yr
- SWR pipe diameter range
- 40mm-200mm
- Electricity purchased (FY26)
- 1,20,06,958 KWH
- Distribution network (FY18 investor deck)
- 500+ exclusive distributors, 3,000+ dealers, 65,000+ retail outlets
- Product SKUs (FY18 investor deck)
- 2,800+
Quarterly results
Q1 FY27: revenue up 6.1%, net profit down 9657.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 70 | 83 | 61 | 47 −8% | 61 −14% | 81 −3% | 65 +6% |
| EBITDA | 1 | 2 | 2 | 2 | -1 −200% | -2 −170% | -1 −148% | -5 −338% |
| Net profit | -0 | 0 | 1 | 0 | -1 −19% | -4 −1000% | -3 −733% | -7 −9657% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −35.7% 1Y
1Y: ₹35.87 on 10 Sept 2025 → ₹23.05. High ₹40.14 (13 May 2026), low ₹21.83 (30 Jul 2026).
Financials, as filed
Revenue fell 2.9% a year over 3 years, FY23 to FY26. Operating margin widened to -0.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹273 Cr | ₹268 Cr | ₹273 Cr | ₹250 Cr |
| Operating profit | ₹-22 Cr | ₹-24 Cr | ₹11 Cr | ₹-2 Cr |
| Operating margin | -7.9% | -8.9% | 3.9% | -0.8% |
| Interest | ₹27 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Depreciation | ₹8 Cr | ₹8 Cr | ₹6 Cr | ₹5 Cr |
| Net profit | ₹-54 Cr | ₹58 Cr | ₹3 Cr | ₹-7 Cr |
| Net margin | -19.9% | 21.7% | 1.3% | -3.0% |
| Cash from operations | ₹12 Cr | ₹12 Cr | ₹-43 Cr | ₹-3 Cr |
| Free cash flow | ₹11 Cr | ₹16 Cr | ₹-53 Cr | ₹-3 Cr |
| ROCE | -14.0% | -17.0% | 2.0% | -3.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹34 Cr | ₹34 Cr | ₹34 Cr | ₹119 Cr | ₹119 Cr | ₹119 Cr |
| Reserves | ₹41 Cr | ₹-43 Cr | ₹-98 Cr | ₹83 Cr | ₹81 Cr | ₹74 Cr |
| Borrowings | ₹226 Cr | ₹230 Cr | ₹245 Cr | ₹6 Cr | ₹33 Cr | ₹31 Cr |
| Other liabilities | ₹127 Cr | ₹120 Cr | ₹115 Cr | ₹86 Cr | ₹56 Cr | ₹83 Cr |
| Total liabilities | ₹429 Cr | ₹340 Cr | ₹296 Cr | ₹295 Cr | ₹289 Cr | ₹309 Cr |
| Fixed assets | ₹117 Cr | ₹109 Cr | ₹102 Cr | ₹141 Cr | ₹138 Cr | ₹141 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Other assets | ₹312 Cr | ₹231 Cr | ₹193 Cr | ₹153 Cr | ₹151 Cr | ₹167 Cr |
| Total assets | ₹429 Cr | ₹340 Cr | ₹296 Cr | ₹295 Cr | ₹289 Cr | ₹309 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +0.38 pp while the public trimmed −0.25 pp.
- Promoters
- 70.5%
- FIIs
- 0.5%
- DIIs
- 0.4%
- Public
- 28.5%
Since Jun 2025
- DIIs +0.38 pp
- Public −0.25 pp
- Promoters −0.12 pp
How it drifted, 12 quarters
Over this window the public fell from 55.8% to 28.5% — −27.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 43.7%, FIIs 0.5%, Public 55.8%.Dec '23: Promoters 43.7%, FIIs 0.5%, Public 55.8%.Mar '24: Promoters 66.0%, FIIs 0.1%, Public 33.9%.Jun '24: Promoters 66.0%, FIIs 0.1%, Public 33.9%.Sep '24: Promoters 65.7%, FIIs 0.5%, Public 33.8%.Dec '24: Promoters 65.7%, FIIs 0.5%, Public 33.8%.Mar '25: Promoters 69.7%, FIIs 0.5%, Public 29.8%.Jun '25: Promoters 70.7%, FIIs 0.5%, Public 28.8%.Sep '25: Promoters 70.7%, FIIs 0.5%, Public 28.8%.Dec '25: Promoters 67.3%, FIIs 0.5%, Public 32.1%.Mar '26: Promoters 70.5%, FIIs 0.5%, Public 28.9%.Jun '26: Promoters 70.5%, FIIs 0.5%, DIIs 0.4%, Public 28.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sanjeev A Aggarwal - 2 +3.63 pp 3.64% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kisan Mouldings above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Apollo Pipes Limited | 61.94% | unchanged |
| Sanjeev A Aggarwal - 2 | 3.64% | +3.63 pp |
| Rishav S Aggarwal | 2.08% | unchanged |
| Sanjay Singhal | 1.95% | unchanged |
| Neerav Sanjeev Aggarwal | 1.92% | unchanged |
| Veena Vijay Aggarwal | 1.12% | unchanged |
| Sg General Dealers Llp | 1.02% | −0.52 pp |
| Rekha Satish Aggarwal | 0.58% | unchanged |
| Shveta Satish Aggarwal | 0.13% | unchanged |
| Shruti S Aggarwal | 0.12% | unchanged |
| Zitura Investment And Finance Pvt Ltd | 0.08% | unchanged |
| Classic Creation Impex Pvt Ltd | 0.03% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Kisan Mouldings
Guides on how to read this kind of business and the numbers that matter.