Company Disclosure

Business Overview and Strategy

Kamdhenu Paints, owned by wholly owned subsidiary Kamdhenu Colour and Coatings Limited, is presented as India's leading brand in the Indian Decorative Paints Segment. The strategy focuses on:

  • Deep penetration across underserved areas of the Rural Hindi Hinterland regions
  • Diversified and eco-friendly product portfolio including Premium Exterior Emulsions, Texture, Wood Coatings, and Wood Adhesives
  • Promotional materials distribution including catalogues, brochures, visiting cards, shop branding, and sample boards
  • Social media campaigns to educate consumers
  • Focus on premiumization of portfolio
  • Well-entrenched and highly incentivized dealer network
  • Prominence in India's emerging cities
  • State-of-the-art manufacturing facilities & infrastructure
  • Brand promotions and event participation with noted celebrities
  • 'TARGET KA BADSHAH' Mega Paints Event for Dealer & Distributor Awards
  • Brand educational activities including dealer meets, painter meets, seminars, conferences, workshops, international trips, and motivational sessions
  • Television campaigns on national and regional channels including Aajtak, Zee News, Zee Business, ABP and CNBC Network

Growth drivers identified include premiumization investments, increased capacity, market share gains, reduced repainting cycle, and increased dealer density. Specific strategies include targeting urban markets through institutional sales, increased penetration in South via contract manufacturer tie-up, robust hiring plans, and ERP tools & IT aided supply chain.

Board of Directors

The experienced board includes:

  • Mr. Sunil Kumar Agarwal (Chairman)
  • Mr. Saurabh Agarwal (Managing Director)
  • Mr. Sachin Agarwal (Non Executive Director)
  • Mr. Ramesh Chand Surana (Independent Director)
  • Mr. Madhusudan Agrawal (Independent Director)
  • Mrs. Nishal Jain (Independent Director)

Financial Performance - Consolidated (Kamdhenu Ventures Limited)

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Revenue from Operations: ₹75.0 Cr (Q4 FY26) vs ₹82.8 Cr (Q4 FY25), down 9% YoY
  • Gross Profit: ₹26.6 Cr vs ₹32.8 Cr, down 19% YoY
  • Gross Profit Margin: 35.4% vs 39.7%
  • EBITDA: -₹1.5 Cr vs ₹4.8 Cr
  • EBITDA Margin: -2.0% vs 5.8%
  • EBIT: -₹2.7 Cr vs ₹3.5 Cr
  • EBIT Margin: -3.6% vs 4.3%
  • Profit Before Tax: -₹3.7 Cr vs ₹2.8 Cr
  • PBT Margin: -4.9% vs 3.3%
  • Profit After Tax: -₹2.7 Cr vs ₹1.9 Cr

Annual Performance (FY26 vs FY25)

  • Revenue from Operations: ₹245.3 Cr vs ₹266.1 Cr, down 8% YoY
  • Gross Profit: ₹103.1 Cr vs ₹117.3 Cr, down 12% YoY
  • Gross Profit Margin: 42.0% vs 44.1%
  • EBITDA: ₹9.5 Cr vs ₹16.8 Cr, down 44% YoY
  • EBITDA Margin: 3.9% vs 6.3%
  • EBIT: ₹4.5 Cr vs ₹12.2 Cr, down 63% YoY
  • EBIT Margin: 1.8% vs 4.6%
  • Profit Before Tax: ₹0.5 Cr vs ₹9.2 Cr, down 94% YoY
  • PBT Margin: 0.2% vs 3.5%
  • Profit After Tax: ₹0.2 Cr vs ₹6.7 Cr, down 97% YoY

Cost Breakdown (FY26)

  • Cost of materials consumed: ₹119.2 Cr
  • Purchases of stock-in-trade: ₹15.2 Cr
  • Changes in inventories: ₹7.7 Cr
  • Total Raw Material: ₹142.1 Cr
  • Employee Expenses: ₹37.8 Cr
  • Other Expenses: ₹55.9 Cr
  • Finance Cost: ₹3.9 Cr
  • Tax: ₹0.3 Cr

Balance Sheet - Consolidated (As of Mar-26)

Equity and Liabilities

  • Other Equity: ₹145.8 Cr
  • Total Equity: ₹178.7 Cr
  • Non-Current Liabilities: ₹17.7 Cr
  • Financial Liabilities: ₹2.2 Cr
  • Borrowings: ₹5.1 Cr
  • Lease Liabilities: ₹5.8 Cr
  • Provisions: ₹4.7 Cr
  • Current Liabilities: ₹90.2 Cr
  • Financial Liabilities: ₹24.7 Cr
  • Borrowings: ₹2.1 Cr
  • Trade Payables: ₹53.3 Cr
  • Other Financial Liabilities: ₹4.8 Cr
  • Other Current Liabilities: ₹4.2 Cr
  • Provisions: ₹1.0 Cr
  • Total Equity and Liabilities: ₹286.6 Cr

Assets

  • Non-Current Assets: ₹60.2 Cr
  • Capital Work in Process: ₹3.0 Cr
  • Right of Use Assets: ₹6.8 Cr
  • Financial Assets: ₹2.5 Cr
  • Other Financial Assets: ₹3.2 Cr
  • Other Non-Current Assets: ₹0.2 Cr
  • Current Assets: ₹226.4 Cr
  • Inventories: ₹56.0 Cr
  • Financial Assets: ₹147.0 Cr
  • Trade Receivables: ₹18.6 Cr
  • Cash and Cash Equivalents: ₹1.1 Cr
  • Bank Balances: ₹0.6 Cr
  • Other Financial Assets: ₹0.1 Cr
  • Current Tax Assets (Net): ₹0.8 Cr
  • Other Current Assets: ₹2.2 Cr
  • Total Assets: ₹286.6 Cr

Cash Flow Statement - Consolidated

  • Net Profit Before Tax: ₹0.5 Cr (Mar-26)
  • Net Cash from Operating Activities: ₹10.9 Cr
  • Net Cash from Investing Activities: -₹9.0 Cr
  • Net Cash from Financing Activities: ₹11.7 Cr
  • Net Decrease in Cash and Cash equivalents: ₹13.6 Cr
  • Cash & Cash equivalents at beginning: ₹5.0 Cr
  • Cash & Cash equivalents at end: ₹18.6 Cr

Subsidiary Performance (Kamdhenu Colour and Coating Limited)

Financial Performance

  • FY26 Revenue: ₹245.3 Cr (same as consolidated)
  • FY26 PAT: ₹0.9 Cr vs ₹7.2 Cr in FY25, down 87%
  • Q4 FY26 PAT: -₹2.5 Cr vs ₹2.0 Cr in Q4 FY25

Balance Sheet (As of Mar-26)

  • Total Equity and Liabilities: ₹273.1 Cr
  • Total Assets: ₹273.1 Cr
  • Cash & Cash equivalents: ₹5.3 Cr

Historical Performance (5-Year Trend)

Revenue Trend

  • FY22: ₹241.4 Cr
  • FY23: ₹259.5 Cr
  • FY24: ₹291.7 Cr
  • FY25: ₹266.1 Cr
  • FY26: ₹245.3 Cr

Profitability Trend

  • Gross Profit Margin: 34.2% (FY22), 34.4% (FY23), 45.2% (FY24), 44.1% (FY25), 42.0% (FY26)
  • EBITDA Margin: 1.3% (FY22), -0.2% (FY23), 7.7% (FY24), 6.3% (FY25), 3.9% (FY26)
  • PAT: -₹12.7 Cr (FY22), -₹11.3 Cr (FY23), ₹13.9 Cr (FY24), ₹6.7 Cr (FY25), ₹0.2 Cr (FY26)

Corporate Identification

  • Kamdhenu Ventures Limited CIN: L51909HR2019PLC089207
  • Kamdhenu Colour and Coatings Limited CIN: U74140MH2010PTC204285