BSE: 544641
K. V. TOYS INDIA LIMITED
Distributes and sells toys, games and stationery across more than 700 SKUs in 8+ categories — including educational toys, DIY kits, dolls, vehicles, board games and stationery — through over 1,400 active wholesalers across 25+ Indian states, with modern trade contributing 53% of FY26 revenue. Vehicles is the single largest category at about 26% of revenue, and the customer base shows a roughly 72% repeat purchase rate. The business is shifting from a toy distributor to a brand-led 'House of Play' platform, supported by manufacturing and brand acquisitions: a 55% stake in Indo Manufacturers LLP (commenced toy manufacturing in May 2026, expected ₹150 lakh turnover), a 27% stake in Just Bear for soft toys, a 65% stake in Crayonix Stationery, and a 50% stake in Play Panda Private Limited for educational toys and STEM learning aids (sold via Amazon, Flipkart, FirstCry and Hamleys India). Exports began in FY26 with a first shipment to Germany under the QUCO platform. Materials (purchased goods and inputs) are the dominant cost at 78.3% of revenue, with employees at 2.4% and other opex at 11.8%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Vehicles (26%), Other toys, games and stationery, Modern trade channels (53%). Asset-light consumer distribution business in toys and games, transitioning toward a brand-led 'House of Play' platform with backward integration into manufacturing.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 175 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 17.10 |
| ROE % · ROCE % | — · 18.7 |
| Debt / equity (x) | — |
| Cash from operations | (14) |
| Capex | (1) |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 94 |
| Profit before tax | 6 |
| Net profit | — |
| EPS (₹) | 8.27 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| K. V. TOYS INDIA LIMITED ◆ | 151 | 29.0 | — | — | — | 17.4 | — | — |
| OK PLAY INDIA LTD. | 100 | 45.8 | 0.60 | 6.6 | 1.8 | 0.6 | 16.6 | 18.3 |
| COSCO (INDIA) LTD. | 79 | 78.8 | 1.53 | — | 1.9 | 1.2 | — | 5.0 |
| ARCHIES LTD | 37 | — | 0.30 | — | (3.4) | (3.4) | — | 0.7 |
| OLYMPIC CARDS LTD. | 5 | — | 4.34 | — | (24.6) | (32.6) | — | (13.7) |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 29.0 | 26.2 | 104 of 191 | 46% |
| ROCE | 17.4 | 7.0 | 52 of 219 | 77% |
| Market cap | 151 | 221 | 125 of 228 | 45% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · K.V. Toys H1 FY27: 27.7% Revenue Growth, 50% Stake in Play Panda Approved | strategic transactions | high | — | — |
| 7 Oct 2026 · RTA confirmation under SEBI Reg 74(5) for half year ended Sep 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading Window Closed Ahead of Half-Yearly Results | compliance | minimal | — | — |
| 11 Sept 2026 · KV Toys growth story and FY26 numbers featured in Business Standard | compliance | minimal | — | — |
| 18 Aug 2026 · K.V. Toys India AGM: All 4 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 14 Aug 2026 · K V Toys India 3rd AGM: All Resolutions Passed | board shareholder meetings | medium | — | — |
| 10 Aug 2026 · 3rd AGM on Aug 14, 2026; FY26 Annual Report submitted to BSE | board shareholder meetings | low | — | — |
| 3 Aug 2026 · K V Toys Q1 FY27 update: Total Income up 23% YoY to Rs 44.62 cr | business updates | medium | — | — |
| 23 Jul 2026 · K V Toys India files FY26 Annual Report and 3rd AGM notice to BSE | results | high | — | — |
| 23 Jul 2026 · Board approves AGM notice, book closure from Aug 8 to 14, 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.