Kamdhenu Ventures Limited has informed the Exchange about Transcript
KAMOPAINTS · price
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Kamdhenu Ventures filed the transcript of its Q4 & FY25 earnings call held on May 14, 2025. The steel business reported FY25 revenue of INR748 crore (up 3% YoY) and PAT of INR61 crore (up 21% YoY), with royalty income growing 8% to a record INR139 crore; the company remains debt-free with ROCE of 25.5%. The paint business underperformed with revenue falling to INR266 crore from INR292 crore and PAT halving to INR7 crore, hurt by competition from new entrants and weak construction demand. Management guided for 14% steel volume growth in FY26, a 20-25% bottom-line growth in FY26-27, and a 20% hike in brand spend. The company is exploring strategic stake acquisitions in select franchisee units and plans a new paint plant in South/Central India to offset freight disadvantage, while addressing retail investor concerns over the sharp 80% stock price decline by citing market manipulation and an FIR.
Steel continues to be the cash cow with strong returns and no debt, but the paint segment's profitability has visibly weakened, which may pressure the stock near term. Management's explicit FY26-27 growth guidance and franchisee consolidation plans are positives, though ongoing investor frustration over the steep share price erosion and paint margin compression could keep sentiment cautious.