BSE: 504084
KAYCEE INDUSTRIES LTD.
Operates in two business segments — Manufacturing and Trading — within India's electrical equipment / capital goods industry, and is listed on BSE. In the quarter ended 31 March 2026, the Manufacturing segment recorded Rs 12.5073 crore in revenue with EBIT of Rs 0.9721 crore, while the Trading segment brought in Rs 4.2889 crore of revenue with EBIT of Rs 0.1697 crore. For full-year FY26, total revenue was Rs 60.0509 crore and net profit was Rs 4.4043 crore, on total assets of Rs 47.022 crore. Materials form the dominant cost line at 63.8% of revenue, followed by other operating expenses at 15.3% and employee costs at 9.4%. The company holds a 27.47% stake in associate Ultrafast Chargers Private Limited, which contributed a Rs 57.72 lakh loss to consolidated FY26 results. The Board has recommended a final dividend of Rs 2 per share (20% on face value of Rs 10), subject to shareholder approval at the 83rd AGM. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing Segment, Trading Segment. Small BSE-listed manufacturer and trader of electrical equipment with a minority associate exposure to EV charging
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 53 | 60 |
| EBITDA (ex other income) | 9 | 8 |
| margin % | 16.2 | 13.1 |
| Owners' profit | 6 | 4 |
| EPS, as reported (₹) | 18.18 | 13.88 |
| ROE % · ROCE % | 19.5 · 24.9 | 13.2 · 19.8 |
| Debt / equity (x) | 0.00 | 0.00 |
| Cash from operations | 6 | 5 |
| Capex | 0 | 0 |
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 12 | 15 | 14 | 15 | 14 | 17 |
| Profit before tax | 1 | 3 | 2 | 2 | 2 | 1 |
| Net profit | 1 | 2 | 1 | 1 | 1 | 1 |
| EPS (₹) | 2.95 | 5.67 | 3.97 | 4.23 | 3.43 | 2.25 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Manufacturing Segment | 22 | 37.2 |
| Trading Segment | 4 | 7.1 |
| Manufacturing | 22 | 37.3 |
| Trading | 7 | 11.6 |
| Trading segment | 4 | 6.8 |
| Total, before eliminations | 60 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 64,618 | 16.9 | 4.30 | 10.5 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 61,818 | 52.3 | 11.46 | 32.5 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 38,368 | 22.7 | 8.90 | 15.7 | 35.0 | 25.7 | — | 30.8 |
| MTAR TECHNOLOGIES LIMITED | 21,476 | 160.9 | 26.11 | 114.7 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 17,071 | 86.8 | — | 84.5 | (26.2) | 8.6 | — | 12.3 |
| EMMVEE PHOTOVOLTAIC PWR L | 16,879 | 12.7 | 4.57 | 9.4 | 29.3 | 31.2 | — | 36.3 |
| AVALON TECHNOLOGIES LTD | 13,663 | 102.2 | 18.93 | 68.1 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 8,270 | 11.5 | 3.73 | 10.5 | 26.7 | 22.7 | 50.8 | 22.1 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 54.7 | 22.4 | 43 of 52 | 18% |
| P/B | 7.2 | 3.3 | 40 of 49 | 19% |
| ROCE | 18.7 | 12.4 | 21 of 55 | 63% |
| ROE | 13.2 | 12.4 | 24 of 50 | 53% |
| Debt / Equity | 0.0 | 0.3 | 1 of 50 | 94% |
| EBITDA margin | 10.0 | 12.6 | 34 of 51 | 34% |
| Revenue growth | 9.2 | 20.7 | 32 of 46 | 31% |
| Profit growth | (60.3) | 37.7 | 36 of 45 | 21% |
| Market cap | 241 | 591 | 32 of 56 | 44% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board meeting set for November 5, 2026 results approval | results | low | — | — |
| 12 Oct 2026 · RTA compliance certificate under Reg 74(5) for Sep 30, 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed till Q2 FY26 results are declared | compliance | minimal | — | — |
| 21 Sept 2026 · Non-Executive Director D Rajeshkumar resigns from Kaycee Industries | management changes | medium | — | — |
| 4 Sept 2026 · 83rd AGM results: all 8 resolutions approved; Rs 2 dividend declared | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 83rd AGM done - dividend of Rs.2 per share declared, 8 resolutions passed | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Newspaper notice on transfer of shares to IEPF | compliance | minimal | — | — |
| 11 Aug 2026 · Notice of 83rd AGM and relodgment window for physical shares | compliance | minimal | — | — |
| 10 Aug 2026 · Kaycee Industries 83rd AGM notice and FY26 annual report filed | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Kaycee Industries files FY26 Annual Report and 83rd AGM Notice | results | high | — | — |
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.