KAMOPAINTS

Kamdhenu Ventures financials

Market cap
₹142 Cr
Sector
Consumer Durables
Calls analysed
1
Latest concall · Q4 FY25 · call held 14 May 2025

Kamdhenu Venture Q4 FY25

Revenue ₹266 cr −9%EBITDA ₹17 cr −23%EBITDA Margin 6.3% PAT ₹7 cr −50%

What went well

  • FY25 Steel business revenue grew 3% YoY to INR748 crores, demonstrating resilience in a challenging market.
  • FY25 Steel business PBT grew 20% YoY to INR80 crores, and PAT grew 21% YoY to INR61 crores.
  • Steel business royalty income increased 8% YoY to INR139 crores, highlighting a capital-efficient revenue stream.

What to watch

  • FY25 Paint business revenue declined 8.9% YoY to INR266 crores, and EBITDA fell 22.7% YoY to INR17 crores.
  • FY25 Paint business PAT significantly declined 50% YoY to INR7 crores, with profit margin reducing from 4.86% to 2.71%.
Read the full call →

What Kamdhenu Ventures Limited does

Kamdhenu Ventures Limited, through its subsidiary Kamdhenu Colour and Coatings Limited, manufactures and markets decorative paints under the Kamdhenu Paints brand, spanning exterior and interior emulsions, enamels, wood coatings and adhesives, putty, primers, texture finishes and construction chemicals. Production runs through an owned manufacturing plant at Chopanki, Rajasthan alongside outsourced manufacturing units where the company deputes its own technical staff for quality assurance. Products reach customers through a nationwide network of dealers and painters, supported by point-of-sale tinting machines that blend computer-matched colorants into standardized base paints, distributed via sales depots covering Tier I, II and III towns and rural markets.

Segments

  • Exterior emulsions
  • Interior emulsions
  • Dual emulsions
  • Wood coatings & adhesives
  • Putty, primers & construction chemicals
  • Texture & specialized coatings
Dealer network
4,440+ dealers (as of 31 Mar 2026)
Installed manufacturing capacity
36,000 KL p.a.
Sales depots
31 across Tier I/II/III India
Associated painter network
20,000+
Active tinting machines at dealer outlets
1,780+
Manufacturing facility
1 owned plant (Chopanki, Rajasthan) plus outsourced manufacturing units
Founded 2008Headquarters Gurugram, Haryana Company website

Guidance record · Q4 FY25

what the last two calls moved 5 tracked 0 delivered 0 missed 5 open
  • Steel Business Volume Growth open said Q4 FY25 Promised: 14% increase in this financial year (FY26) Q4 FY25: Target set at 14% volume growth for FY26.

All 5 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: net profit up 40.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue0 0 0 0 0 0 0 1
EBITDA-0 -0 -0 -0 -0 −42%-0 −54%-0 −131%-0 +35%
Net profit-0 -0 -0 -0 -0 −78%-0 −90%0 +218%-0 +40%
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 −52.4% 1Y

₹4.00₹6.00₹8.00Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹9.1 on 10 Sept 2025 → ₹4.33. High ₹9.32 (15 Sept 2025), low ₹3.64 (30 Mar 2026).

Financials, as filed

Year endingFY23FY24FY25FY26
Revenue₹195 Cr₹0 Cr₹0 Cr₹0 Cr
Operating profit₹-1 Cr₹-1 Cr₹-1 Cr₹-1 Cr
Operating margin-0.5%———
Interest₹5 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹4 Cr₹0 Cr₹0 Cr₹0 Cr
Net profit₹-9 Cr₹-0 Cr₹-1 Cr₹-0 Cr
Net margin-4.6%———
Cash from operations₹-1 Cr₹-3 Cr₹0 Cr₹0 Cr
Free cash flow₹-1 Cr₹-3 Cr₹0 Cr₹0 Cr
ROCE-1.9%-0.3%-0.3%-0.3%
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 endingFY22FY23FY24FY25FY26
Equity capital₹0 Cr₹13 Cr₹31 Cr₹31 Cr₹33 Cr
Reserves₹-0 Cr₹77 Cr₹124 Cr₹136 Cr₹134 Cr
Borrowings₹0 Cr₹5 Cr₹0 Cr₹32 Cr₹0 Cr
Other liabilities₹0 Cr₹0 Cr₹0 Cr₹79 Cr₹0 Cr
Total liabilities₹0 Cr₹96 Cr₹156 Cr₹278 Cr₹167 Cr
Fixed assets₹0 Cr₹0 Cr₹0 Cr₹46 Cr₹0 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr
Investments₹0 Cr₹96 Cr₹154 Cr₹0 Cr₹154 Cr
Other assets₹0 Cr₹0 Cr₹2 Cr₹231 Cr₹14 Cr
Total assets₹0 Cr₹96 Cr₹156 Cr₹278 Cr₹167 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, FIIs trimmed −3.05 pp while promoters added +2.21 pp. The shareholder count grew 11% to 96,525.

Promoters
52.5%
DIIs
0.0%
Public
47.5%

Since Jun 2025

  • FIIs −3.05 pp
  • Promoters +2.21 pp
  • Public +0.83 pp

How it drifted, 12 quarters

Over this window FIIs fell from 15.2% to 0.0% — −15.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 50.3%, FIIs 15.2%, Public 34.5%.Dec '23: Promoters 50.3%, FIIs 16.8%, Public 32.9%.Mar '24: Promoters 50.3%, FIIs 10.5%, Public 39.2%.Jun '24: Promoters 50.3%, FIIs 6.1%, Public 43.6%.Sep '24: Promoters 50.3%, FIIs 4.8%, Public 44.8%.Dec '24: Promoters 50.3%, FIIs 5.4%, DIIs 0.0%, Public 44.3%.Mar '25: Promoters 50.3%, FIIs 5.3%, DIIs 0.0%, Public 44.3%.Jun '25: Promoters 50.3%, FIIs 3.0%, DIIs 0.0%, Public 46.6%.Sep '25: Promoters 50.3%, FIIs 1.4%, DIIs 0.0%, Public 48.2%.Dec '25: Promoters 50.3%, FIIs 1.2%, DIIs 0.0%, Public 48.5%.Mar '26: Promoters 52.5%, DIIs 0.0%, Public 47.5%.Jun '26: Promoters 52.5%, DIIs 0.0%, Public 47.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Kamdhenu Ventures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sunil Kumar Agarwal 8.14%unchanged
Sarita Agarwal 7.84%unchanged
Saurabh Agarwal 6.57%unchanged
Sachin Agarwal 5.93%unchanged
Satish Kumar Agarwal 5.41%unchanged
Kamdhenu Limited 4.45%unchanged
Radha Agarwal 3.22%unchanged
Shafali Agrawal 2.32%unchanged
SATISH KUMAR AGARWAL HUF (Karta: Satish Kumar Agarwal) 1.85%unchanged
Shatul Agarwal 1.40%unchanged
Somya Agarwal 1.14%unchanged
SUNIL KUMAR HUF (Karta: Sunil Kumar Agarwal) 1.08%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 Kamdhenu Ventures Limited

Guides on how to read this kind of business and the numbers that matter.