Kaka Industries Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹274 Cr
- P/E
- 14.58
- ROE
- 25.46%
- PEG
- 0.39
- Price to sales
- 1.04
- Debt to equity
- 1.25
- 52W high / low
- ₹240 / ₹147
- Sales growth (5Y)
- 27.30%
- EBITDA margin
- 13.45%
- Net profit margin
- 7.13%
- Promoter holding
- 70.03%
- Sales (last year)
- ₹263 Cr
Incorporated in 2019, Kaka Industries Ltd is in the business of PVC profile manufacturing[1]
Guidance scorecard · Q2 FY26 call
What Kaka Industries Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ2 FY26 call
20–40%- Kaka Industries targets a 25%-30% year-on-year organic growth in FY27 based on operational capacities.
- The company achieved 30% revenue growth in H1 FY26, supported by volume traction across key product categories.
- They aim to maintain 30% year-on-year growth for the rest of FY26 with increased capacity utilization (~80% in recent months).
- Growth is driven by expanding dealer and distributor networks in new states like Telangana, Maharashtra, Karnataka, Rajasthan, UP, and MP.
- Emphasis is on penetrating newer geographies aggressively, while maintaining market share in Gujarat.
- Product focus remains on PVC profiles, WPC profiles, and uPVC windows with no immediate plans for new product lines.
2 more points from Kaka Industries Ltd's call on revenue
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MarginsQ2 FY26 call
FlatSee what Kaka Industries Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- CapEx is planned on a regular, gradual basis, primarily for adding some new lines in PVC profile and WPC profile products.
- No major or focused large-scale funding required; investments will be funded through internal accruals.
- No plans to acquire new land for expansion; existing facility at Kheda has open space for adding new production lines.
- There is an ongoing project to establish a 7.5 MW captive solar plant in Kheda district to reduce power costs by ₹40-50 lakhs per month; commissioning expected in the later part of the final quarter.
2 more points from Kaka Industries Ltd's call on capex
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FundraisingQ2 FY26 call
See what Kaka Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
- Orders are received on a month-to-month basis from dealers and distributors.
- The company focuses on organic growth with regular incoming orders rather than relying on a large pre-booked order pipeline.
- Government orders from Gujarat Police Housing Nigam and Military Engineering Services currently constitute a small part of the order book but the company is building a team to focus more on these segments for future growth.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Kaka Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kaka Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Kaka Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 41 | 79 | 117 | 154 | 170 | 198 | 263 |
| Expenses + | 39 | 72 | 107 | 140 | 149 | 172 | 228 |
| Operating Profit | 2 | 6 | 10 | 13 | 21 | 26 | 35 |
| OPM % | 6% | 8% | 8% | 9% | 12% | 13% | 13% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 2 | 2 | 2 | 2 | 5 | 6 |
| Depreciation | 0 | 1 | 1 | 1 | 2 | 4 | 5 |
| Profit before tax | 2 | 4 | 7 | 10 | 17 | 18 | 25 |
| Tax % | 28% | 27% | 26% | 28% | 25% | 27% | 25% |
| Net Profit + | 1 | 3 | 5 | 7 | 13 | 13 | 19 |
| EPS in Rs | 1,410.00 | 12.12 | 20.16 | 7.20 | 9.52 | 9.41 | 13.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Kaka Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2 | 2 | 10 | 14 | 14 | 14 |
| Reserves | 1 | 5 | 10 | 10 | 38 | 51 | 69 |
| Borrowings + | 8 | 20 | 27 | 40 | 46 | 72 | 104 |
| Other Liabilities + | 12 | 8 | 6 | 7 | 11 | 21 | 22 |
| Total Liabilities | 22 | 36 | 46 | 66 | 108 | 157 | 208 |
| Fixed Assets + | 1 | 8 | 11 | 13 | 52 | 70 | 79 |
| CWIP | 0 | 0 | 0 | 8 | 6 | 7 | 26 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 4 |
| Other Assets + | 21 | 28 | 35 | 44 | 50 | 79 | 100 |
| Total Assets | 22 | 36 | 46 | 66 | 108 | 157 | 208 |
Financials of Kaka Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -6 | -5 | -0 | 8 | 12 | 4 | 16 |
| Cash from Investing Activity + | -1 | -7 | -5 | -12 | -39 | -25 | -35 |
| Cash from Financing Activity + | 8 | 12 | 5 | 10 | 22 | 21 | 25 |
| Net Cash Flow | 0 | -0 | -0 | 7 | -5 | 0 | 7 |
| Free Cash Flow | -7 | -12 | -3 | -3 | -29 | -22 | -16 |
| CFO/OP | -260% | -65% | 17% | 78% | 72% | 31% | 59% |
Financials of Kaka Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 94 | 67 | 44 | 42 | 38 | 51 | 48 |
| Inventory Days | 119 | 75 | 78 | 47 | 75 | 114 | 98 |
| Days Payable | 132 | 42 | 19 | 11 | 20 | 41 | 29 |
| Cash Conversion Cycle | 82 | 100 | 103 | 78 | 93 | 125 | 118 |
| Working Capital Days | 36 | 26 | 42 | 22 | 23 | 14 | 14 |
| ROCE % | 31% | 26% | 25% | 25% | 19% | 19% |
Guidance history
How Kaka Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY25 call → | 40%+ | Up 0–2% | Planned | — | — |
| Q2 FY25 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Kaka Industries Ltd's management said in earlier quarters
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