Tam Expansion Changing Consumption
Expected: FY27HIGH confidence
What: New Objects in MOA: Renewable Energy & Agro
Kalind Ltd: Stock Analysis & Fundamentals
Data from 2w agoKalind Ltd (Diversified) — fundamental analysis, earnings data, and key metrics. PE: 42.6. ROE: 25.0%. This stock is not currently in the Nifty 500 momentum outperformers list.
Kalind Ltd Key Facts
What's Happening
💪Debt reduced 100% YoY — balance sheet strengthening
👔Promoter stake down 49.7% this quarter
Earnings Acceleration Triggers
1. Tam Expansion Changing Consumption
FY27HIGH
2. Management Or Ownership Change
Q4 FY26MEDIUM
Key Risks
1. Resignation of joint statutory auditors citing resource constraints during the Q
MEDIUM2. Promoter stake reduction of 2
MEDIUMSector-Specific Signals
Return on Equity7.81%
Price to Book Ratio9.2x
Promoter Holding18.42%-2.06%
Institutional Holding0.20%
Key Numbers
Current Price
₹95
Dividend Yield
1.05%
Market Cap
1.2K Cr
Valuation
N/AWhy Are Kalind Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Management Or Ownership Change
Expected: Q4 FY26MEDIUM confidence
What: Promoter Reclassification: Promoter to Public
What Are the Key Risks for Kalind Ltd?
Earnings deceleration risks from management commentary
Resignation of joint statutory auditors citing resource constraints during the Q
MEDIUMTrigger: Resignation of joint statutory auditors citing resource constraints during the Q3 reporting period.
Management view: Appointed M/s. Mishra Karwa & Co. as new Joint Statutory Auditors.
Monitor: regulatory
Promoter stake reduction of 2
MEDIUMTrigger: Promoter stake reduction of 2.06% in the previous quarter, signaling potential lack of confidence.
Management view: Promoters seeking reclassification to public category.
Monitor: labor
What Did Kalind Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹15.09 Cr
YoY +15086600%QoQ -16.03%
Revenue saw a massive YoY jump due to a zero-base effect in the previous year, though it declined sequentially.
EBITDA
₹4.92 Cr
Margin 32.6%
EBITDA turned positive from a loss-making base, achieving a margin of 32.6%.
PAT
₹2.46 Cr
YoY +1330%QoQ -73.35%
PAT grew significantly YoY but fell sharply QoQ following a high-profit Q2.
Other Highlights
• Rights issue of ₹120.51 Cr approved at ₹17 per share.
• Acquisition of 100% of DBJ Multi Services for ₹310 Cr.
• Authorized share capital increased to ₹1000 Cr.
What Sector Metrics Matter for Kalind Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Return on Equity
7.81%
Why: Modest for the NBFC sector, indicating room for improvement in profitability efficiency.
Price to Book Ratio
9.2x
Why: Considered very expensive relative to peers in the NBFC sector.
Promoter Holding
18.42%
YoY -2.06%
Why: Promoters reduced stake and are seeking reclassification to public category.
Institutional Holding
0.20%
Why: Reflects limited participation from large investors.
What Is Kalind Ltd's Management Guidance?
Forward-looking targets from management
Capex Plan
₹310 Cr
Capex Plan
₹310 Cr
Acquisition of DBJ Multi Services Private Limited
Management Tone: CAUTIOUS
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Kalind Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Kalind Ltd's latest quarterly results?
Kalind Ltd's latest quarterly results (Mar 2026) show
- Operating Margin: 54.0%
What is Kalind Ltd's current PE ratio?
Kalind Ltd's current PE ratio is 42.6x.
- Current PE: 42.6x
- Market Cap: 1.2K Cr
- Dividend Yield: 1.05%
What is Kalind Ltd's price-to-book ratio?
Kalind Ltd's price-to-book ratio is 5.5x.
- Price-to-Book (P/B): 5.5x
- Book Value per Share: ₹17
- Current Price: ₹95
Is Kalind Ltd a fundamentally strong company?
Kalind Ltd's fundamental strength based on key financial ratios
- Return on Capital (ROCE): 32.0%
Is Kalind Ltd debt free?
Kalind Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹10 Cr
What is Kalind Ltd's return on equity (ROE) and ROCE?
Kalind Ltd's return ratios over recent years
- FY2024: ROCE 11.0%
- FY2025: ROCE -5.0%
- FY2026: ROCE 32.0%
Is Kalind Ltd's cash flow positive?
Kalind Ltd's operating cash flow is negative (FY2026).
- Cash from Operations (CFO): ₹-66 Cr
- Free Cash Flow (FCF): ₹-175 Cr
- CFO/PAT Ratio: -244% (weak cash conversion)
What is Kalind Ltd's dividend yield?
Kalind Ltd's current dividend yield is 1.05%.
- Dividend Yield: 1.05%
- Current Price: ₹95
Who holds Kalind Ltd shares — promoters, FII, DII?
Kalind Ltd's shareholding pattern (Mar 2026)
- Promoters: 14.0%
- DII (Domestic): 0.7%
- Public: 85.3%
Is promoter holding increasing or decreasing in Kalind Ltd?
Kalind Ltd's promoter holding has increased recently.
- Current Promoter Holding: 14.0% (Mar 2026)
- Previous Quarter: 13.9% (Feb 2026)
- Change: +0.04% (increasing — positive signal)
Is Kalind Ltd a new momentum entry or an established outperformer?
Kalind Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Kalind Ltd?
Kalind Ltd has 2 key growth catalysts identified from recent earnings analysis
- Tam Expansion Changing Consumption — Entry into high-growth sectors like renewables could re-rate the stock from its current micro-cap NBFC status.
- Management Or Ownership Change — Reclassification and new independent director appointments signal a shift in governance and potential for new strategic leadership.
What are the key risks in Kalind Ltd?
Kalind Ltd has 2 key risks worth monitoring
- [MEDIUM] Resignation of joint statutory auditors citing resource constraints during the Q — Resignation of joint statutory auditors citing resource constraints during the Q3 reporting period.
- [MEDIUM] Promoter stake reduction of 2 — Promoter stake reduction of 2.06% in the previous quarter, signaling potential lack of confidence.
What is Kalind Ltd's management guidance for growth?
Kalind Ltd's management has provided the following forward guidance
- Revenue outlook: Not Given
- Margin outlook: Not Given
- Capex plan: ₹310 Cr for Acquisition of DBJ Multi Services Private Limited
- Management tone: cautious
What sector-specific metrics matter most for Kalind Ltd?
Kalind Ltd's most important sub-sector-specific KPIs from the latest concall
- Return on Equity: 7.81% — Modest for the NBFC sector, indicating room for improvement in profitability efficiency.
- Price to Book Ratio: 9.2x — Considered very expensive relative to peers in the NBFC sector.
- Promoter Holding: 18.42% (YoY -2.06%) — Promoters reduced stake and are seeking reclassification to public category.
- Institutional Holding: 0.20% — Reflects limited participation from large investors.
Is Kalind Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Kalind Ltd may be worth studying
- Currently showing mixed signals — monitor for clearer trend confirmation
What is the investment thesis for Kalind Ltd?
Kalind Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Tam Expansion Changing Consumption
Risk Factors (Bear Case)
- Key risk: Resignation of joint statutory auditors citing resource constraints during the Q
What is the future outlook for Kalind Ltd?
Kalind Ltd's forward outlook based on current data signals
- Key Catalyst: Tam Expansion Changing Consumption
- Key Risk: Resignation of joint statutory auditors citing resource constraints during the Q
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.