Kamdhenu Ltd (NSE: KAMDHENU): Investors are being cautious amid the selling environment in the stock market and are adopting a stock-specific approach. In addition, many actions that are specific to stocks are happening in the markets at the time of earnings.
Investors are eyeing the stock of TMT Bars Structural Steel Company Kamdhenu Ltd. The price was at a level of 525 rupees on Tuesday.
Kamdhenu Limited said that the meeting of the Board of Directors of the company will take place on November 11, 2024. During the meeting, the following items will be discussed and ratified, in addition to other things.
The proposed subdivide or divide of the existing equity share of the company, with a face value of 10 rupees in the unaudited financial statements that the firm reported for the quarter ended September 30, 2024, and the half-year ending September 30, 2024.
This will be subject to the approval of the shareholders of the company in the manner prescribed by the Board of Directors and the required regulatory/statutory approvals in this regard.
Kamdhenu Limited is a leading company within the Indian manufacturing industry. It is involved in the manufacturing and distribution of premium metallic paints and steel items.
The company is famous for its product line “Kamdhenu” under which it provides a variety of products that include TMT bars sheet steel for structural use, colored coated sheets pre-engineered buildings, and paints.
Kamdhenu Ltd has established itself as India’s biggest brand TMT bar manufacturer in the retail market that caters to individual consumers as well as large-scale manufacturing.
The stake of FIIs has increased this company up to 9.57 %, up from 6.12 % in Q2FY25. The company has a market capitalization of 1,466 crore rupees, with an ROE of 27 percent and an ROCE of 35 %.
The requirements for working capital of the company have decreased by 62.6 days to 23.1 days, while the days for debtors have grown between 63.1 from 63.1 to 27.5 days.
The stock has given a multibagger return of over 100 percent from its 52-week low of Rs 262.40 per share. It has given a spectacular return of 122.30% in the last 3 years and 388.82% in 5 years.
The company has continuously reduced its debt while generating good earnings and is now almost debt-free.
Quick Fact
| Company name | Kamdhenu |
|---|---|
| Stock price | ₹526.70 |
| Increase | 1.15% |
| Industry | Manufacturing |
| Business Area | Metallic paints and steel |
| Product Line | TMT bars, structural steel, colored coated sheets, pre-engineered buildings, paints |
| Brand Name | Kamdhenu |
| Market Capital | ₹1,466 crore |
| ROE | 27% |
| ROCE | 35% |
| FIIs Stake Q2FY25 | 9.57% |
| FIIs Stake Increase | 6.12% to 9.57% |
| Working Capital Days | Reduced from 62.6 days to 23.1 days |
| Debtors Days | Reduced from 63.1 to 27.5 days |
| 3-Year Return | 122.30% |
| 5-Year Return | 388.82% |
| Recent Stock Return | Over 100% from 52-week low of ₹262.40 |
| Possible Target Price | Pending Board Decision |
| Debt Status | Almost debt-free |
| Board Meeting | Scheduled for November 11, 2024 |
| Board Meeting Agenda | Stock split proposal |
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