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Dossier · KKALPANA INDUSTRIES (INDIA) LT · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
KKALPANA INDUSTRIES (INDIA) LT
BSE: 526409
BSE: 526409
Commodities › Chemicals › Chemicals & Petrochemicals › Specialty Chemicals
KKALPANA INDUSTRIES (INDIA) LT
StateQ3 FY24 filed
Last close · 28 Oct 2026₹6.48
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA324.0 · 1.74 · 11.7
KKALPANA INDUSTRIES (INDIA) LT is a Chemicals & Petrochemicals 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, FY19–FY23 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Revenue | 1,983 | 1,745 | 1,550 | 40 | 272 |
| EBITDA (ex other income) | 105 | 75 | 63 | (0) | (5) |
| margin % | 5.3 | 4.3 | 4.1 | (1.0) | (1.7) |
| Owners' profit | 26 | 30 | 24 | 5 | 2 |
| EPS, as reported (₹) | 2.77 | 3.21 | 2.53 | 0.53 | 0.16 |
| ROE % · ROCE % | 8.2 · 25.3 | 8.8 · 18.5 | 6.5 · 16.1 | 14.9 · 5.2 | 4.3 · 9.1 |
| Debt / equity (x) | 0.38 | 0.25 | 0.30 | 0.56 | 1.31 |
| Cash from operations | — | — | 28 | 5 | (4) |
| Capex | — | — | (10) | (4) | (2) |
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 · KKALPANA INDUSTRIES (INDIA) LT · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 108 | 89 | 59 | 17 | 14 | 19 | 16 |
| Profit before tax | 0 | 0 | 0 | 1 | 0 | (0) | 0 | 0 |
| Net profit | 3 | 0 | (0) | 1 | 0 | (0) | (0) | (0) |
| EPS (₹) | 0.35 | 0.03 | (0.02) | 0.11 | 0.04 | (0.02) | 0.00 | 0.00 |
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. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,42,095 | 53.6 | 12.86 | 37.6 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 69,659 | 32.2 | 4.96 | 21.6 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 47,075 | 76.8 | 5.95 | 37.4 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,610 | 55.1 | 10.97 | 39.3 | 16.7 | 16.4 | 23.0 | 37.5 |
| AETHER INDUSTRIES LIMITED | 20,905 | 88.6 | 8.51 | 56.8 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 20,257 | 25.9 | 3.45 | 21.0 | 9.4 | 10.2 | 12.6 | 21.5 |
| AARTI INDUSTRIES LTD | 15,871 | 29.9 | 2.67 | 17.1 | 7.0 | 4.4 | 13.0 | 16.2 |
| FINE ORGANIC IND. LTD. | 15,604 | 35.6 | 5.86 | 25.5 | 15.7 | 20.0 | 15.9 | 28.8 |
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) | 324.0 | 23.1 | 97 of 99 | 2% |
| P/B | 1.7 | 2.8 | 34 of 99 | 66% |
| ROCE | (0.0) | 10.1 | 96 of 106 | 10% |
| ROE | (0.6) | 8.1 | 90 of 99 | 9% |
| Debt / Equity | 1.3 | 0.2 | 92 of 99 | 7% |
| EBITDA margin | 14.0 | 15.5 | 57 of 99 | 43% |
| Revenue growth | (72.8) | 24.4 | 94 of 94 | 0% |
| Profit growth | (100.6) | 55.1 | 89 of 92 | 3% |
| Market cap | 61 | 699 | 88 of 108 | 19% |
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 · KKALPANA INDUSTRIES (INDIA) LT · 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 % |
|---|---|---|---|---|
| 13 Oct 2026 · Q2 FY27 dematerialisation compliance certificate filed | compliance | minimal | — | — |
| 1 Oct 2026 · Kkalpana Industries publishes SEBI demat window newspaper notice | compliance | minimal | — | — |
| 1 Oct 2026 · Newspaper publication on physical shares demat window filed with BSE | compliance | minimal | — | — |
| 29 Sept 2026 · AGM 2026 Results: 4 Resolutions Passed, Director Appointments Confirmed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Mrs. Rajni Mishra regularised as Non-Executive Independent Director | management changes | medium | — | — |
| 28 Sept 2026 · Please Find Attached the Scrutinizer Report for the 41st Annual General meeting held on 26th September, 2026 at 02:00 PM. | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Board appoints new Company Secretary and Compliance Officer | management changes | medium | — | — |
| 26 Sept 2026 · 41st AGM held via video conferencing on 26 September 2026 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading window closed from Oct 1 till 48 hours after Q2 results | compliance | minimal | — | — |
| 27 Aug 2026 · AGM Notice and Annual Report Web-Link Sent to Shareholders | compliance | minimal | — | — |
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