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Kaka Industries Ltd

KAKA·BSE
221.00-2.39%Tue, 22 Sept '26 15:07

Kaka Industries Ltd

KAKA
BSE
221.00
-2.39%
|Tue, 22 Sept '26 15:07
SOICxStockScans Reports
6M
Price
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Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
302Cr
Close
Close Price
221.00
Industry
Industry
Plastics - Others
PE
Price To Earnings
16.08
PS
Price To Sales
1.15
Revenue
Revenue
263Cr
Rev Gr TTM
Revenue Growth TTM
33.09%
PAT Gr TTM
PAT Growth TTM
45.84%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
7579888395102125138
Growth YoY
Revenue Growth YoY%
17.44.29.023.830.835.2
Expenses
ExpensesCr
726978718389108120
Operating Profit
Operating ProfitCr
31191213131719
OPM
OPM%
3.913.310.814.313.313.013.413.5
Other Income
Other IncomeCr
00000000
Interest Expense
Interest ExpenseCr
11112333
Depreciation
DepreciationCr
11112222
PBT
PBTCr
21091011111416
Tax
TaxCr
03122133
PAT
PATCr
166776910
Growth YoY
PAT Growth YoY%
789.00.30.5-2.335.756.2
NPM
NPM%
1.08.27.47.96.86.27.17.2
EPS
EPS
0.00.05.25.24.84.76.57.3
QuarterSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
7579888395102125138
Growth YoY
Revenue Growth YoY%
17.44.29.023.830.835.2
Expenses
ExpensesCr
726978718389108120
Operating Profit
Operating ProfitCr
31191213131719
OPM
OPM%
3.913.310.814.313.313.013.413.5
Other Income
Other IncomeCr
00000000
Interest Expense
Interest ExpenseCr
11112333
Depreciation
DepreciationCr
11112222
PBT
PBTCr
21091011111416
Tax
TaxCr
03122133
PAT
PATCr
166776910
Growth YoY
PAT Growth YoY%
789.00.30.5-2.335.756.2
NPM
NPM%
1.08.27.47.96.86.27.17.2
EPS
EPS
0.00.05.25.24.84.76.57.3

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
4179117154170198263
Growth
Revenue Growth%
89.848.531.610.616.233.1
Expenses
ExpensesCr
3972107140149172228
Operating Profit
Operating ProfitCr
261013212635
OPM
OPM%
5.68.18.48.712.513.213.4
Other Income
Other IncomeCr
000000
Interest Expense
Interest ExpenseCr
0222256
Depreciation
DepreciationCr
0111245
PBT
PBTCr
24710171825
Tax
TaxCr
1123456
PAT
PATCr
1357131319
Growth
PAT Growth%
114.366.543.080.4-1.045.9
NPM
NPM%
3.43.84.34.77.66.57.1
EPS
EPS
5.24.65.07.210.39.413.7
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
4179117154170198263
Growth
Revenue Growth%
89.848.531.610.616.233.1
Expenses
ExpensesCr
3972107140149172228
Operating Profit
Operating ProfitCr
261013212635
OPM
OPM%
5.68.18.48.712.513.213.4
Other Income
Other IncomeCr
000000
Interest Expense
Interest ExpenseCr
0222256
Depreciation
DepreciationCr
0111245
PBT
PBTCr
24710171825
Tax
TaxCr
1123456
PAT
PATCr
1357131319
Growth
PAT Growth%
114.366.543.080.4-1.045.9
NPM
NPM%
3.43.84.34.77.66.57.1
EPS
EPS
5.24.65.07.210.39.413.7

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
033101414
Reserves
ReservesCr
1510103851
Current Liabilities
Current LiabilitiesCr
172221243262
Non Current Liabilities
Non Current LiabilitiesCr
4613232530
Total Liabilities
Total LiabilitiesCr
22364666108157
Current Assets
Current AssetsCr
212835414572
Non Current Assets
Non Current AssetsCr
1811266485
Total Assets
Total AssetsCr
22364666108157
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
033101414
Reserves
ReservesCr
1510103851
Current Liabilities
Current LiabilitiesCr
172221243262
Non Current Liabilities
Non Current LiabilitiesCr
4613232530
Total Liabilities
Total LiabilitiesCr
22364666108157
Current Assets
Current AssetsCr
212835414572
Non Current Assets
Non Current AssetsCr
1811266485
Total Assets
Total AssetsCr
22364666108157

Cash Flow

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
-6-50812416
Investing Cash Flow
Investing Cash FlowCr
-1-7-5-12-39-25-35
Financing Cash Flow
Financing Cash FlowCr
812510222125
Net Cash Flow
Net Cash FlowCr
0007-507
Free Cash Flow
Free Cash FlowCr
-7-12-3-3-29-22-16
CFO To PAT
CFO To PAT%
-443.4-164.3-9.7117.891.430.084.6
CFO To EBITDA
CFO To EBITDA%
-270.7-78.0-5.063.156.014.844.8
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
-6-50812416
Investing Cash Flow
Investing Cash FlowCr
-1-7-5-12-39-25-35
Financing Cash Flow
Financing Cash FlowCr
812510222125
Net Cash Flow
Net Cash FlowCr
0007-507
Free Cash Flow
Free Cash FlowCr
-7-12-3-3-29-22-16
CFO To PAT
CFO To PAT%
-443.4-164.3-9.7117.891.430.084.6
CFO To EBITDA
CFO To EBITDA%
-270.7-78.0-5.063.156.014.844.8

Ratios

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
227304201302
Price To Earnings
Price To Earnings
17.523.710.716.1
Price To Sales
Price To Sales
1.31.50.81.1
Price To Book
Price To Book
4.44.72.43.6
EV To EBITDA
EV To EBITDA
12.814.310.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
18.420.020.918.724.324.6
OPM
OPM%
5.68.18.48.712.513.213.413.4
NPM
NPM%
3.43.84.34.77.66.57.17.1
ROCE
ROCE%
23.620.922.321.120.316.7
ROE
ROE%
99.340.740.036.725.320.0
ROA
ROA%
6.48.510.910.812.08.2
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
227304201302
Price To Earnings
Price To Earnings
17.523.710.716.1
Price To Sales
Price To Sales
1.31.50.81.1
Price To Book
Price To Book
4.44.72.43.6
EV To EBITDA
EV To EBITDA
12.814.310.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
18.420.020.918.724.324.6
OPM
OPM%
5.68.18.48.712.513.213.413.4
NPM
NPM%
3.43.84.34.77.66.57.17.1
ROCE
ROCE%
23.620.922.321.120.316.7
ROE
ROE%
99.340.740.036.725.320.0
ROA
ROA%
6.48.510.910.812.08.2
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
- **Kaka Industries began as a single trader selling PVC sheets in Ahmedabad and has since built itself into a manufacturer that replaces wood, aluminium and steel with engineered plastic across Indian homes and construction sites. The company was founded in 2000, started making its own products in 2008, and over the next two decades consolidated scattered workshops into one vast automated plant in Gujarat - a move that turned a family-run operation into a national supplier of more than 1,200 different building-product variants. The recurring idea is simple: take a durable, waterproof, termite-proof material, shape it into furniture, doors, windows and roofs, and sell it under distinct brand names to every customer tier except the very richest - making engineered polymer the default choice for India’s mass market.** # Business segments A single integrated manufacturing engine producing polymer-based building products - profiles, doors, windows, roofing and flooring - sold through a house of brands to over 450 customers across 20 states. ## 1. Polymer building products: the wood-alternative factory **One large automated plant turns PVC resin and wood-plastic compounds into more than 2,000 finished building items, sold under multiple brand names to dealers, builders and government buyers who want materials that outlast wood and aluminium.** - **Three materials, one logic** - the company makes hollow PVC profiles (54% of revenue), solid WPC - Wood Plastic Composite - profiles and sheets (28%), and uPVC door and window profiles (5%), with the rest coming from roofing sheets, laminates, charcoal panels, louvers, fans and adhesives. Every product is pitched as a longer-lasting, waterproof and pest-resistant substitute for traditional wood, which matters most in coastal and humid regions and in Tier-2 and Tier-3 towns where termite damage is a constant problem. - **A brand for every wallet** - the company runs a “house of brands” so it can sell to different price points without confusing the customer: KAKA PVC PROFILE sits at the premium end, NICE PLAST and BARBARIKA uPVC target affordability, while labels like D’zino Door, SOLID PLY, PREMIUM and Super EXCELLENT cover the middle. This structure lets the same factory output reach both a government housing project and a private developer specifying higher-grade profiles. - **The plant is the moat** - the fully integrated Lasundra campus in Kheda, Gujarat, spans 8,00,000 square feet and houses capacity of over 54,000 tonnes per annum across five product lines, including its own compounding unit that blends raw PVC resin into ready-to-extrude compound. Because all equipment was shifted from older scattered units into this single site, the company cut spillage and wastage, automated workflows, and gained margin efficiency that smaller fragmented workshops cannot match. - **Speed as a selling point** - the company keeps 10-15 days of finished inventory and fulfils orders in 10-12 days, against a 1-2 month wait for imported Chinese alternatives; the target is to shrink that to 2-3 days. Raw material is 100% domestically sourced PVC resin, and any price swing above 5% is passed straight to customers, insulating the business from commodity shocks. - **Dealers, depots and a Bollywood push** - a network of more than 300 dealers and distributors is fed by three regional depots in Ahmedabad, Hyderabad and Delhi, each placed to serve a specific demand pocket: Gujarat’s dealer gap, South India’s WPC appetite, and North India’s higher acceptance of uPVC windows. The company is an approved vendor for state police housing, military engineering services and entities like CPWD, IndianOil and NBCC, while brand-building runs through film tie-ups - Bhool Bhulaiyaa 3, Deva, Maidaan - and a Shahid Kapoor endorsement. # Captive solar power **A 7.5 MW ground-mounted solar plant powers the factory, cutting the electricity bill by roughly half and locking in that saving for an estimated 25 years.** - **Own generation, own consumption** - commissioned by 1 July 2026 on about 96,000 square metres of land in Kheda, the plant feeds the entire Lasundra manufacturing campus and other operations through real-time and banking settlement mechanisms. - **Predictable cost takeout** - on a full-month run-rate the plant saves approximately ₹45 lakhs per month, or about ₹5.4 crores a year, representing roughly 55% of the company’s previous power cost. The ₹25 crore investment was funded from internal accruals, and the asset carries a useful life of around 25 years. - **Built on an earlier experiment** - before the ground-mounted plant, the company had already installed a 1,300 KW rooftop solar system at Lasundra, which was projected to save up to ₹200 lakhs per annum, giving management the confidence to scale up captive generation. # Group structure and partners **A family-promoted company with a subsidiary that once supplied its machinery, now migrating toward the main board.** - The company has one subsidiary, Kaka Engineering Private Limited, from which it acquired profile-sheet machinery in 2020 - the move that kicked off its own profile-sheet manufacturing. - Promoters Rajesh Gondaliya (Chairman and Managing Director), his wife Prabhaben and their son Bhavin (Whole Time Director) control the business, which converted from a proprietorship to a private limited company between 2015 and 2019, became a public limited company in 2022-23, and listed on BSE SME in 2023-24. The company is now working toward a main-board migration on NSE and BSE. - A former joint venture, Shri Rang Energy Efficient, was formed in 2021-22, and a related-party property sale to an entity connected to Bhavin Gondaliya was approved by the board in August 2023. - Bankers are SIDBI and State Bank of India; CRISIL rates long-term bank facilities of ₹60 crore at BBB/Stable.

Documents — Kaka Industries Ltd

  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/vgnp586x5e7an3teiodft3nb.pdf
  • Q4 FY2025 Earnings Call Transcript (Mar 2025, PDF): https://www.stockscans.in/document/yvhflrm428osutmecxdjwoei.pdf
  • Q2 FY2025 Earnings Call Transcript (Sep 2024, PDF): https://www.stockscans.in/document/dvlhxylgldh67sjx033a1ma6.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/ndpq3adhbmh87lwztg1m7rsr.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/yvcbkhiel56e6imb1fm4jexu.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/8y55wtd1lqgtf119t7ra3lus.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/52u51zk7pxvcpo7xju5x4aps.pdf
  • Q4 FY2024 Quarterly Result (Mar 2024, PDF): https://www.stockscans.in/document/r7xnnu6z8k0h0k4g021gtqgl.pdf
  • Q4 FY2026 Investor Presentation (Mar 2026, PDF): https://www.stockscans.in/document/mbingm4p4or7neah4ruiu6h1.pdf
  • Q2 FY2026 Investor Presentation (Sep 2025, PDF): https://www.stockscans.in/document/chvgoliqzqbnrzu2ixzjkxyf.pdf
  • Q4 FY2025 Investor Presentation (Mar 2025, PDF): https://www.stockscans.in/document/rupqeyfqqesjr6fn8t7t4ji6.pdf
  • Q2 FY2025 Investor Presentation (Sep 2024, PDF): https://www.stockscans.in/document/0neb8we0cv7r8bfbqya96fcu.pdf
  • Q4 FY2024 Investor Presentation (Mar 2024, PDF): https://www.stockscans.in/document/cr2e9h6ekki9ox1b3hey1hgd.pdf
  • Q2 FY2024 Investor Presentation (Sep 2023, PDF): https://www.stockscans.in/document/rsieq8j71c5ary7mbajujqar.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/4ga8vqlp81iqxkk50k89p39j.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/p04fefqx6wo0s271wvwei7w5.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/c0z2f4ehy3pmnkert4l8k6yd.pdf

Concall Transcript Summaries — Kaka Industries Ltd

  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/BSE%3AKAKA/transcript-notes/202509/vgnp586x5e7an3teiodft3nb.pdf
  • Q4 FY2025 Concall Transcript Summary (Mar 2025): https://www.stockscans.in/company/BSE%3AKAKA/transcript-notes/202503/yvhflrm428osutmecxdjwoei.pdf
  • Q2 FY2025 Concall Transcript Summary (Sep 2024): https://www.stockscans.in/company/BSE%3AKAKA/transcript-notes/202409/dvlhxylgldh67sjx033a1ma6.pdf