Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹941Cr
Rev Gr TTM
Revenue Growth TTM
0.01%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

KOKUYOCMLN
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 31.9 | 20.2 | 2.6 | -2.7 | 0.5 | -2.7 | -11.5 | -4.5 | -7.9 | -0.9 | 1.1 | 10.8 |
| 199 | 212 | 178 | 156 | 195 | 202 | 180 | 160 | 187 | 208 | 158 | 166 |
Operating Profit Operating ProfitCr |
| 7.9 | 10.3 | 8.9 | 7.5 | 10.4 | 12.1 | -4.4 | 0.3 | 6.6 | 8.6 | 9.2 | 6.5 |
Other Income Other IncomeCr | 0 | 5 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 2 | 1 | 0 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 12 | 24 | 13 | 7 | 16 | 22 | -14 | -6 | 7 | 14 | 11 | 6 |
| 3 | 5 | 3 | 2 | 5 | 5 | -3 | -1 | 2 | 3 | 3 | 2 |
|
Growth YoY PAT Growth YoY% | 198.0 | 120.0 | 147.5 | 59.1 | 18.9 | -11.6 | -212.1 | -174.7 | -57.9 | -38.0 | 173.9 | 195.7 |
| 4.0 | 7.8 | 4.9 | 3.3 | 4.8 | 7.1 | -6.2 | -2.6 | 2.2 | 4.4 | 4.5 | 2.2 |
| 0.9 | 1.8 | 0.9 | 0.6 | 1.0 | 1.6 | -1.1 | -0.4 | 0.4 | 1.0 | 0.8 | 0.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 12.9 | 2.5 | 0.0 | 9.4 | -8.0 | -36.4 | 26.1 | 52.4 | 5.3 | -6.5 | 2.3 |
| 527 | 590 | 607 | 591 | 637 | 597 | 394 | 492 | 721 | 739 | 729 | 719 |
Operating Profit Operating ProfitCr |
| 3.2 | 4.0 | 3.6 | 6.1 | 7.5 | 5.8 | 2.2 | 3.3 | 7.0 | 9.4 | 4.4 | 7.8 |
Other Income Other IncomeCr | 8 | 5 | 3 | 3 | 1 | 1 | 0 | 1 | 2 | 6 | 1 | 0 |
Interest Expense Interest ExpenseCr | 10 | 11 | 12 | 10 | 12 | 10 | 9 | 4 | 4 | 4 | 5 | 3 |
Depreciation DepreciationCr | 11 | 12 | 12 | 17 | 18 | 19 | 18 | 18 | 17 | 19 | 21 | 21 |
| 4 | 7 | 2 | 15 | 23 | 9 | -18 | -5 | 35 | 59 | 9 | 37 |
| -1 | 2 | 1 | 5 | 8 | 4 | -4 | 0 | 11 | 16 | 3 | 11 |
|
| | 6.8 | -71.6 | 556.9 | 54.8 | -71.3 | -435.6 | 67.7 | 617.0 | 79.3 | -86.7 | 350.7 |
| 0.9 | 0.9 | 0.2 | 1.6 | 2.2 | 0.7 | -3.6 | -0.9 | 3.1 | 5.4 | 0.8 | 3.4 |
| 0.5 | 0.5 | 0.1 | 1.0 | 1.5 | 0.4 | -1.5 | -0.5 | 2.4 | 4.4 | 0.6 | 2.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 203 | 208 | 218 | 228 | 239 | 239 | 234 | 229 | 253 | 286 | 292 | 312 |
Current Liabilities Current LiabilitiesCr | 182 | 189 | 233 | 231 | 270 | 200 | 127 | 138 | 171 | 175 | 134 | 107 |
Non Current Liabilities Non Current LiabilitiesCr | 23 | 41 | 19 | 16 | 36 | 32 | 20 | 12 | 8 | 21 | 19 | 18 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 289 | 296 | 276 | 289 | 355 | 288 | 204 | 218 | 271 | 310 | 263 | 257 |
Non Current Assets Non Current AssetsCr | 129 | 152 | 205 | 196 | 200 | 193 | 187 | 171 | 171 | 183 | 192 | 189 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 8 | 12 | 6 | 14 | 8 | 65 | 62 | 18 | 27 | 19 | 55 |
Investing Cash Flow Investing Cash FlowCr | -54 | 10 | -26 | -12 | -31 | -7 | -3 | -6 | -7 | -18 | -21 |
Financing Cash Flow Financing Cash FlowCr | -8 | 15 | -8 | -10 | 24 | -57 | -57 | -12 | -19 | 0 | -36 |
|
Free Cash Flow Free Cash FlowCr | -10 | -29 | -49 | 0 | -18 | 52 | 58 | 12 | 20 | 1 | 34 |
| 169.8 | 235.1 | 408.4 | 147.0 | 49.9 | 1,481.7 | -422.4 | -376.5 | 112.4 | 43.0 | 935.0 |
CFO To EBITDA CFO To EBITDA% | 48.2 | 50.4 | 26.5 | 37.8 | 14.8 | 174.6 | 698.2 | 107.8 | 50.5 | 24.6 | 161.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 738 | 829 | 898 | 1,161 | 968 | 402 | 551 | 593 | 690 | 1,113 | 1,031 |
Price To Earnings Price To Earnings | 150.2 | 158.8 | 596.7 | 118.1 | 63.5 | 93.3 | 0.0 | 0.0 | 28.2 | 25.4 | 177.2 |
Price To Sales Price To Sales | 1.4 | 1.4 | 1.4 | 1.8 | 1.4 | 0.6 | 1.3 | 1.2 | 0.9 | 1.3 | 1.3 |
Price To Book Price To Book | 3.5 | 3.8 | 3.9 | 4.9 | 3.9 | 1.6 | 2.3 | 2.5 | 2.6 | 3.8 | 3.4 |
| 42.2 | 34.9 | 44.0 | 33.8 | 21.9 | 13.9 | 69.5 | 39.7 | 13.6 | 15.4 | 31.9 |
Profitability Ratios Profitability Ratios |
| 36.8 | 37.9 | 36.6 | 39.6 | 40.8 | 40.0 | 41.4 | 38.5 | 37.0 | 39.5 | 35.6 |
| 3.2 | 4.0 | 3.6 | 6.1 | 7.5 | 5.8 | 2.2 | 3.3 | 7.0 | 9.4 | 4.4 |
| 0.9 | 0.9 | 0.2 | 1.6 | 2.2 | 0.7 | -3.6 | -0.9 | 3.1 | 5.4 | 0.8 |
| 5.0 | 5.8 | 3.9 | 6.6 | 8.2 | 5.0 | -2.9 | -0.1 | 12.4 | 16.9 | 3.8 |
| 2.3 | 2.4 | 0.7 | 4.1 | 6.1 | 1.8 | -6.0 | -2.0 | 9.3 | 14.8 | 1.9 |
| 1.2 | 1.2 | 0.3 | 2.0 | 2.7 | 0.9 | -3.8 | -1.2 | 5.5 | 8.9 | 1.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Kokuyo Camlin Limited is a leading Indian multinational stationery and art supplies manufacturer, formed through the 2011 strategic partnership between Japan’s **Kokuyo Co. Ltd.** and India’s legacy brand **Camlin Limited**. With over **90 years of market presence**, the company combines Japanese craftsmanship, innovation, and operational excellence with deep-rooted expertise in the Indian market. It serves students, professionals, hobbyists, and professional artists both domestically and across more than **20 international markets**.
The company operates under two flagship brands:
- **Camlin** – "All things stationery", covering school, office, and academic supplies.
- **Camel** – "All things art", offering fine art, hobby, and creative materials.
---
### **Strategic Direction (As of Aug 2025)**
#### **1. Omnichannel Distribution & Export Expansion**
- The company is strengthening its **omnichannel distribution network**, leveraging a **direct distribution model** for greater control and efficiency.
- A key strategic goal is to become a **significant pan-Asian player**, with medium-term plans to grow exports to **7–10% of total sales**.
- Focus markets for export growth include **ASEAN countries** and broader **Asia-Pacific regions**.
#### **2. Innovation & Product Development**
- Innovation remains a **board-level priority**, with continued investment in **premium product development**.
- The company has established **technical leadership in the fine art segment**, supported by collaboration with **professional artists and creative communities**.
- It leverages **Kokuyo’s global expertise, technology, and best practices** to enhance product quality, design, and innovation velocity.
---
### **Manufacturing & Sustainability (As of Jul 2025)**
Kokuyo Camlin operates **three state-of-the-art manufacturing facilities** strategically located in:
1. **Patalganga, Maharashtra** – Largest stationery manufacturing facility in the Kokuyo Group.
2. **Tarapur, Maharashtra** – Oldest plant, specializing in color and crayon production.
3. **Samba, Jammu & Kashmir** – Dedicated to poster colors, watercolors, and liquid acrylics.
#### **Patalganga Facility Highlights:**
- **56,000 sq.m.** facility with **45% green cover**.
- Equipped with a **1,081-kWp solar plant** and **zero liquid discharge (ZLD) system**.
- Features **IoT-enabled smart monitoring** and advanced **Japanese injection molding robotics**.
- Hosts an **in-house R&D center** for stationery and applies Japanese efficiency practices (**5S, Kaizen**).
- Produces **324+ SKUs**, including all Camlin products for India and Japan.
#### **Sustainability Initiatives:**
- All plants feature **ZLD systems**, **solar power installations**, and water conservation infrastructure.
- Patalganga has a **50-lakh-litre water storage pond** and a dedicated **4.8-km power express feeder** for 24x7 operations.
---
### **Product Portfolio & Brand Positioning**
#### **Core Brands:**
- **Camlin**: Targeting students, educators, and professionals with:
- Writing instruments (Grip Pro Mechanical Pencil)
- Geometry boxes, notebooks, adhesives, erasers, sharpeners
- Office and academic supplies
- Re-entered the **wooden pencils** market in 2024 with enhanced durability and craftsmanship
- **Camel**: Focused on artistic creativity across age groups:
- **Fine Art Range**: Watercolor cakes (18–48 shades), HD Acrylics, Gouache Colors, Oil Pastels
- **Drawing Tools**: Artist Mop Brushes, Charcoal, Soft Pastels, Brush Pens
- **Canvases & Paper**: Stretched canvases, canvas pads, sketch books, oil sketching paper
- **Age-specific Art Kits**: Includes DIY coloring kits, painting kits, and Silky Crayons
- In 2023, new art supplies were developed in collaboration with **professional artists** for authenticity and performance.
#### **Innovation in FY2024–2025**
- Launch of **ergonomic** and **high-performance** products like **Grip Pro Mechanical Pencil** and **Gouache Colours**.
- Introduction of **additives and 57/64 GSM notebooks** to enhance quality perception and product appeal.
- Expansion into **premium sketchbooks** and **high-grade tools** to cater to hobbyists and professionals.
---
### **Operational Excellence & Digital Transformation**
- **Automation**: Deployment of **robotic systems** and **smart manufacturing** at Patalganga to improve efficiency and precision.
- **Digital Tools**: Adoption of:
- **Salesforce Automation (SFA)** for sales team efficiency
- **Distribution Management System (DMS)** for real-time inventory and supply chain oversight
- **E-commerce & Digital Presence**:
- Website revamp underway to strengthen online engagement.
- Active digital outreach through **e-commerce platforms** and **social media**.
---
### **Market Strategy & Consumer Engagement**
- **Distribution Network**: Over **2,600 distributors** covering **900+ towns**, with deep penetration in **rural India**.
- During the pandemic, the company expanded into **local kirana stores** to maintain accessibility amid restricted mobility.
- The **non-school segment** (Fine Art & Hobby, Office) now accounts for **nearly 50% of revenue**, reducing reliance on seasonal school demand.
- Strategic focus on **brand repositioning** for **millennials and Gen Z**, using influencer collaborations and digital storytelling.
#### **Community Building:**
- Building **India’s largest art community** through an online platform for artists to showcase their work.
- Engaged over **75 art influencers** on Instagram and YouTube to drive brand authenticity and youth connect.
---
### **Strategic Collaborations & CSR Initiatives**
- Partnered with **Rangoli International School (Gandhinagar)** in 2021 to create the “**Great Wall of Camlin**” – a large-scale mural using Camlin color pencils.
- Initiated **outcome-based agreements with 2,500+ hobby tutors** across India to promote art education and brand adoption.