Kamdhenu Limited, a flagship company of Kamdhenu Group, was incorporated as 'Kamdhenu Ispat Limited' in September 1994 as a Public Limited Company. The Company name was later changed from 'Kamdhenu Ispat Limited' to Kamdhenu Limited in March 2016. Incorporated in 1994, Kamdhenu Ltd is engaged in the manufacture, marketing, and distribution of TMT Bars, structural steel, and allied products.
The company is the market leader in branded TMT Bars and 'Kamdhenu TMT Bar' is recognized as the largest selling TMT Bar in the retail segment in India with a brand sales turnover of Rs 10,800 crore. Kamdhenu Ltd. manufactures, distributes, and markets steel and paints, operating primarily through its Steel and Paint segments.
The Company operates in three segments: Steels, Power, and Paints. The Steel segment is involved in the marketing and manufacturing of TMT Bars, structural steels, and color-coated profile sheets. The Paint segment provides emulsions, primers, distempers, enamels, and various other decorative paint products.
Kamdhenu operates through an extensive network of 8,500+ Dealers and 250+ Distributors across India, supported by 80+ Franchise Units that manufacture Steel Rebars, Structural Steel Products, and Colour Coated Profile Sheets. The company follows a franchisee business model to ensure transparency and dynamism in its operations.
The product categories within the Steel Division include TMT Bars, Structural Steel, Colour Coated Sheets, and Decorative Paints. The Company's prominent brands include KAMDHENU NXT, KAMDHENU PAS 10000, STRUCTURAL STEEL, KAMDHENU WIREBOND, KAMDHENU PIPES, COLOR COATED PPGI/PPGL SHEETS, PRE-ENGINEERED BUILDING, and KAMDHENU PAINTS.
The Company diversified into the decorative paints business in 2008. The Paint Division offers a comprehensive range of paint products, including exterior and interior emulsions, water-based primers, wood finishes, aluminum paints, and various textured and designer paints.
The market capitalization of Kamdhenu Ltd (KAMDHENU) is ₹802.50 Crore as of May 26, 2025. The 52-week high of Kamdhenu Ltd (KAMDHENU) is ₹67.30, and the 52-week low is ₹25.10.
For the full year ended March 2025, net profit rose 21.42% to Rs 60.87 crore as against Rs 50.13 crore during the previous year ended March 2024. Sales rose 3.14% to Rs 747.49 crore in the year ended March 2025 as against Rs 724.71 crore during the previous year ended March 2024.
Net profit of Kamdhenu rose 2.03% to Rs 17.09 crore in the quarter ended March 2025 as against Rs 16.75 crore during the previous quarter ended March 2024. Sales rose 12.37% to Rs 197.82 crore in the quarter ended March 2025 as against Rs 176.04 crore during the previous quarter ended March 2024.
• Q4 FY25 Performance: Net Profit of Rs 17.09 crore, Sales of Rs 197.82 crore
• FY25 Performance: Net Profit of Rs 60.87 crore, Sales of Rs 747.49 crore
• Market Capitalization: ₹802.50 Crore (as of May 26, 2025)
• Promoter Holding: 49.12% (as of April 2025)
• P/E Ratio: 13.18
• P/B Ratio: 3.38
• Current Dividend Yield: 0.84%
Kamdhenu Limited's recent earnings call highlighted a resilient financial performance despite challenges such as adverse weather and increased competition, resulting in a 3% year-on-year revenue growth for Q2 FY25. The company is strategically focusing on expanding its franchisee capacity and enhancing its dealer network, particularly in Tier 2 and Tier 3 cities, to capitalize on anticipated growth from government infrastructure initiatives.
Despite a significant decline in share price and total revenue, management remains optimistic about recovery, driven by a strong balance sheet and a commitment to product premiumization. The outlook for the steel and paint industries remains positive, supported by urbanization and rising disposable incomes, positioning Kamdhenu for future growth.
Kamdhenu utilizes CRM Belgium technology to produce high-quality CID bars, TMT bars, TMTGal bars, and other steel products efficiently. These manufacturing plants are situated across the country, including in Odisha, Gujarat, Karnataka, Telangana, Andhra Pradesh, Bihar, Goa, Jammu & Kashmir, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, West Bengal, Jharkhand, Madhya Pradesh, the Northeastern region, and other states, ensuring widespread production capability.
Promoter holding in Kamdhenu Ltd has gone down to 49.12 per cent as of April 2025 from 49.83 per cent as of September 2024. The company has delivered a sales growth of -4.15% over the past five years.
The company was founded by Satish Kumar Agarwal and Sunil Kumar Agarwal on September 12, 1994, and is headquartered in Gurgaon, India. As of March 17, 2025, the company has 722 employees.
Kamdhenu Limited stands as a testament to India's growing infrastructure and construction sector, having evolved from a traditional steel manufacturer to a diversified entity with a strong market presence in both steel and paint segments. The company's franchise model has enabled it to build an extensive distribution network across India, making it one of the most recognized brands in the TMT bar segment.
