Company Overview

Kokuyo Camlin Limited (NSE: KOKUYOCMLN), a subsidiary of Kokuyo Co. Ltd., Japan, manufactures and sells stationery products including scholastic products, writing instruments, notebooks, fine-art colors, and hobby products.

Financial Performance FY 2025-26

  • Revenue from operations grew 5.70% YoY to ₹80,596.81 lakhs
  • Net profit surged 325% to ₹2,478.79 lakhs from ₹583.30 lakhs in FY25
  • EBITDA increased 56.24% to ₹4,945.13 lakhs
  • Earnings per share improved to ₹2.47 from ₹0.58 in previous year
  • Debt-to-equity ratio improved to 0.08 from 0.14 with short-term borrowings reduced to ₹2,647.98 lakhs

Dividend Declaration

Board recommended dividend of ₹0.30 per equity share (30%) for FY26, payable on or after 10th August 2026 subject to shareholder approval at AGM. No dividend was paid in FY25.

79th Annual General Meeting

  • Date: 6th August 2026 at 10:00 AM via video conferencing
  • Record date: 30th July 2026 for determining voting members
  • Business includes adoption of financial statements, dividend declaration, re-appointment of directors, and special business for continuation of Chairman Mr. Dilip Dandekar beyond age 75

Operational Highlights

  • Launched 81 new products with 2,000+ SKUs across product categories
  • Maintained Camel Artist Community of 4.7 lakh+ members
  • Operates 3 manufacturing facilities with 1,161 employees
  • Export contribution: 2.97% of total turnover

Auditor Qualification

Statutory auditors BSR & Co. LLP issued qualified opinion regarding inventory shortage of ₹2,356.81 lakhs recognized in FY 2024-25, affecting comparability of current year figures with prior period.

Legal and Regulatory Matters

  • GST demand of ₹8.13 crore regarding disallowed credit of ₹4.35 crore with interest and penalty
  • Income tax rectified demand of ₹34.05 crore for AY 2018-19 (reduced from initial ₹162.97 crore)
  • Local Body Tax demand of ₹481.08 lakhs from Vasai Virar Municipal Corporation
  • Excise duty remission dispute for Jammu unit with ₹79.03 lakhs deposited

Risk Management

  • Foreign currency exposure: USD receivables ₹271.78 lakhs, YEN payables ₹568.92 lakhs
  • Interest rate risk: All borrowings at floating rates; 100 bps increase would decrease profit by ₹26.48 lakhs

Corporate Governance

  • CSR expenditure: ₹65.54 lakhs primarily for science labs and vaccination drives
  • Board held 5 meetings during FY 2025-26
  • No sexual harassment cases reported
  • Whistle blower policy mechanism in place

Shareholding Pattern

  • Promoter holding: 74.99% (Kokuyo Co. Ltd holds 74.44%)
  • Public holding: 25.01%
  • 99.23% shares held in dematerialized form