Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · Kalpa Commercial Limited · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Kalpa Commercial Limited
BSE: 539014
BSE: 539014
Services › Services › Commercial Services & Supplies › Trading & Distributors
Kalpa Commercial Limited
StateQ4 FY26 filed
Last close · 28 Oct 2026₹7.50
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA12.7 · 0.34 · 99.2
Kalpa Commercial Limited is a Commercial Services & Supplies company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY21–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY21 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 34 | 2 | 3 | 31 |
| EBITDA (ex other income) | (0) | (23) | (0) | (3) | 1 |
| margin % | — | (68.9) | (9.7) | (106.4) | 2.5 |
| Owners' profit | 0 | (23) | (0) | (3) | 1 |
| EPS, as reported (₹) | 0.02 | (44.80) | (0.20) | (2.67) | 0.60 |
| ROE % · ROCE % | 0.4 · 0.6 | (91.3) · (91.2) | (0.8) · (0.6) | (12.3) · (11.8) | 2.7 · 3.6 |
| Debt / equity (x) | 0.00 | 0.08 | 0.02 | 0.01 | 3.30 |
| Cash from operations | (0) | (10) | 1 | 0 | 78 |
| Capex | 0 | 0 | 0 | 0 | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Kalpa Commercial Limited · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 3 | 6 | 7 | 9 | 10 |
| Profit before tax | (0) | 0 | (0) | (2) | 0 | 0 | 1 | (0) |
| Net profit | (0) | 0 | (0) | (2) | 0 | 0 | 1 | (0) |
| EPS (₹) | (0.04) | 0.03 | (0.28) | (2.38) | 0.14 | 0.01 | 0.56 | (0.12) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.7 | 13.9 | 60 of 130 | 54% |
| P/B | 0.3 | 0.9 | 29 of 150 | 81% |
| ROCE | 3.6 | 2.1 | 75 of 177 | 58% |
| ROE | 2.7 | 2.3 | 75 of 158 | 53% |
| Debt / Equity | 3.3 | 0.1 | 147 of 154 | 5% |
| EBITDA margin | (1.1) | 4.5 | 110 of 137 | 20% |
| Revenue growth | 243.4 | (8.6) | 15 of 135 | 90% |
| Profit growth | 95.0 | 0.6 | 50 of 157 | 69% |
| Market cap | 8 | 21 | 141 of 179 | 21% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Kalpa Commercial Limited · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Compliance certificate under SEBI Regulation 74(5) for Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · Kalpa Commercial appoints ACA and Associates as Statutory Auditor for 5 years | management changes | medium | — | — |
| 29 Sept 2026 · Kalpa Commercial adopts new MOA and AOA under Companies Act 2013 | general | low | — | — |
| 29 Sept 2026 · Kalpa Commercial 41st AGM: All 6 resolutions passed with over 99.8% approval | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Kalpa Commercial 41st AGM held on Sept 28, six resolutions voted on | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading Window Closure for Q2 and Half Year Ending 30 September 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Newspaper publication of 41st AGM notice | compliance | minimal | — | — |
| 4 Sept 2026 · Kalpa Commercial 41st AGM on Sept 28, 2026; Annual Report FY26 link shared | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY25-26: Revenue jumps over 10x, returns to profit | results | high | — | — |
| 4 Sept 2026 · 41st AGM notice: auditor, director and governance updates | board shareholder meetings | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in