Kapston Services share price today

Kapston Services Ltd's share price was ₹505.10 at the close on 4 November 2026. It has been rising for 74 weeks. That is 22.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹197 and ₹588, and at that close it sat 79% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Kapston Services Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

Over the last 8.6 years the share price moved +1,831% while the NIFTY 500 moved +137%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

6 points in one quarter and number of shareholders up 162% in a year.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹225 crore, +7% on a year earlier.

2. Promoters cut their stake by 5.6 points in one quarter

   From 72.9% to 67.3% in the September 2026 quarter.

3. Number of shareholders up 162% in a year

   12,202 shareholders in the September 2026 quarter, against 4,657 a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Kapston Services reported revenue of ₹225 crore, up 7.0% from ₹211 crore a year earlier, and a profit of ₹8.41 crore, up 19.1% from ₹7.06 crore.

Kapston Services results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Kapston Services closed at ₹505.10 on 4 November 2026, up 152.8% from ₹199.80 a year earlier (7 November 2025) and up 1,661.8% over five years. Its highest weekly close since April 2018 was ₹588.40 on 14 August 2026.

Kapston Services share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

431 weekly closes from 6 April 2018 to 4 November 2026.

4 Nov 2026: Kapston Services closed at ₹505.10, up 3.1% on the week and down 6.9% on the month. Results for July to September 2026: Revenue up 7.0% and profit up 19.1% on a year earlier.

Earlier

• Our read, 17 May 2026: A profitable small-cap manpower compounder hitting operating leverage inflection, the B2C home services bet is the option, not the base.
• 6 Mar 2026: Bonus issue: 1 new share for every 2 held (ex-date).
• 9 Aug 2024: Share split: face value cut from ₹10 to ₹5 a share (ex-date).

Our read of the business

Latest quarter: Highest-ever quarterly EPS of ₹3.66, B2C subsidiary incorporated post-quarter.

Our read after the latest results, written 17 May 2026.

Kapston Services has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Kapston Services Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Kapston Services' management made 0 promises we could check against what it later reported.

Our read after the latest results, written 17 May 2026.

What is changing at Kapston Services, from the latest results and calls: operating leverage inflection (scale > 30,000 headcount), client wallet share expansion (700+ clients, cross-sales) and geographic expansion (pan india from hyderabad base).

• Client Wallet Share Expansion (700+ clients, cross-sales). 700+ client base across 12 sectors creates cross-sales vectors (general staffing → security → facility management → IT staffing) with lower CAC per incremental service. ⚠ estimate
• Geographic Expansion (PAN India from Hyderabad base). 15 branch offices across India (Delhi, Gurugram, Mumbai, Chennai, Bengaluru, Kolkata, Pune, Bhubaneswar, Raipur, Vizag, Guntur, Guwahati, Indore, Jharkhand), incremental revenue at lower marginal cost. ⚠ estimate
• B2C Home Services Launch, Option Value (Kapston Home Services Pvt Ltd). 100% subsidiary incorporated Feb 2026, soft beta launched Hyderabad Apr 19 2026. Services: cleaning, beauty/spa, EPC, AC repair, painting. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

Base effects normalizing, 64% profit growth in October to December 2025 vs 119% a year earlier. Without B2C uplift, organic trajectory implies 20-30% profit growth in FY27 at current margin structure.

The main risks

• Profit growth deceleration (119% → 85% → 80% → 64% trend): Base effects normalizing, 64% profit growth in October to December 2025 vs 119% a year earlier. Without B2C uplift, organic trajectory implies 20-30% profit growth in FY27 at current margin structure. ✓ fact
• Elevated debt burden (D/E 1.61x, debt-to-operating profit 5.32x): Interest expense ₹3.25 Cr vs operating profit ₹9.95 Cr in July to September 2025, coverage ratio ~3x. In a high-growth, low-margin business, any operating profit miss triggers a cash squeeze. ✓ fact
• B2C competitive intensity (Urban Company, unorganized sector): B2C home services is a known graveyard for corporate players, Urban Company and thousands of unorganized local providers compete on price and app-native experience. ⚠ estimate
• Thin margins + wage inflation = margin compression risk: Employee costs >90% of revenue; any minimum wage increase, ESI/PF rate change, or labor market tightening directly compresses the 4-5% operating margin. ⚠ estimate

Our read after the latest results, written 17 May 2026.

When Kapston Services reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: January to March 2026 profit on a year earlier, if below 50%, deceleration is confirmed as the new trajectory.

Kapston Services is not on any of our India lists this week.

Kapston Services Ltd earned ₹8.4 Cr of net profit in the Sep 2026 quarter, +19.1% on the same quarter a year earlier. That is the 8th quarter in a row of profit growth. Full-year FY26 profit was ₹28.0 Cr. Over 10 years profit has grown 30.2% a year on average. That is 3.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹7.1 Cr.

For the full year, FY26 profit was ₹28.0 Cr (+55.6% on the year before).

Why profit moved: revenue changed +7.0% on a year earlier and the margin moved +1.8 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +36.5% and revenue +14.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Kapston Services Ltd reported ₹225 Cr of revenue in the Sep 2026 quarter, +7.0% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 27.2% a year on average. The last full year, FY26, came in at ₹830 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Kapston scaled from Hyderabad-centric (pre-2021) to PAN India services (from 2021) with 15 listed branch offices. Geographic expansion drives volume without proportional fixed cost addition, the regional offices share central HR, compliance, and tech infrastructure. Demonstrated in the annual report as a stated growth lever.

The last four reported quarters add to ₹876 Cr.

FY26 revenue was ₹830 Cr, +20.5% on the year before.

Recent pace: the last four quarters grew +14.1% on average, against 27.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.9%, against +20.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +34.0%, against +58.4% a year (rolling over).

Kapston Services Ltd's operating margin was 6.5% in the Sep 2026 quarter, 1.8 percentage points higher than the same quarter a year ago. Across 13 years it has been between 3.0% and 9.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Employee costs >90% of revenue become a leverage engine at scale, each incremental contract drops at 15-20% EBITDA conversion as fixed overheads are absorbed.

Why the margin moved: operating margin changed +1.8 percentage points on the year while gross margin changed −0.3 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 8% of Kapston Services Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹9.0 Cr of operating cash against ₹28.0 Cr of profit. After ₹8.0 Cr of spending on assets, ₹1.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 8% of profit came in as cash: the cash cycle got 20 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 4.8× depreciation over three years. The next section checks what that spending is building.

Kapston Services Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 89 days in FY26, down from 109 days in FY21. It spent ₹58.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹830 Cr, each day of that cycle ties up about ₹2.3 Cr, so roughly ₹202 Cr is tied up in the business at any time.

Spending on assets: ₹58.0 Cr over the last 3 years, against ₹12.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Kapston Services Ltd's P/E is 48.2×, near the high end of its own history: higher than 86% of past readings. Its usual P/E (the middle reading) is 35.5×, over 2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +57.4% while the price moved +152.8%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 20 July 2026, Kapston Services Ltd's share price assumed profit growth of about 26.4% a year. Over the past 10 years its profit actually grew 30.2% a year. Today its P/E is 48.2×, higher than 86% of its own last 2 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Kapston Services Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +134.6% at its peak to +34.0%, but the business is still expanding, with ROCE steady at 28.2%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Kapston Services Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: INFLECTION UP. Still open: Base effects normalizing, 64% PAT growth in Q3 FY26 vs 119% a year earlier. Without B2C uplift, organic trajectory implies 20-30% PAT growth in FY27 at current margin structure.

NOT YET CHECKED

Our read, 17 May 2026. A profitable small-cap manpower compounder hitting operating leverage inflection, the B2C home services bet is the option, not the base.

From the numbers. No FII stake-building, zero FII having across all reported…

From the price. Price stage 2, week 74, above its 200-day line, relative strength falling.

From the research. A profitable small-cap manpower compounder hitting operating leverage inflection, the B2C home services bet is the option, not the base.

Where they disagree. No FII stake-building, zero FII having across all reported quarters.

What is proven. A profitable small-cap manpower compounder hitting operating leverage inflection, the B2C home services bet is the option, not the base.

What is not proven yet. Base effects normalizing, 64% PAT growth in Q3 FY26 vs 119% a year earlier. Without B2C uplift, organic trajectory implies 20-30% PAT growth in FY27 at current margin structure.

The test written in advance. PAT growth deceleration (119% → 85% → 80% → 64% trend). Measured by: PAT growth deceleration (119% → 85% → 80% → 64% trend) Q4 FY26 PAT YoY, if below 50%, deceleration is confirmed as the new trajectory by the next result.

The test written in advance. Elevated debt burden (D/E 1.61x, debt-to-EBITDA 5.32x).

The test written in advance. B2C competitive intensity (Urban Company, unorganized sector). Measured by: B2C competitive intensity (Urban Company, unorganized sector) B2C revenue contribution in Q4 FY26 and Q1 FY27 disclosures; platform review scores by the next result.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

• 1 · Operating leveragebuilding
• 2 · Value-added mixquiet
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalbuilding
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesbuilding
• 11 · More business from existing customersbuilding
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servebuilding
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. Employee costs >90% of revenue become a leverage engine at scale, each incremental contract drops at 15-20% EBITDA conversion as fixed overheads are absorbed. What proves it keeps working: Operating Leverage Inflection (Scale > 30,000 headcount). It stops working if Q4 FY26 PAT YoY, if below 50%, deceleration is confirmed as the new trajectory.

Lever 5 · Regulatory approval: building. 700+ client base across 12 sectors creates cross-sales vectors (general staffing → security → facility management → IT staffing) with lower CAC per incremental service. What proves it keeps working: Client Wallet Share Expansion (700+ clients, cross-sales). It stops working if Q4 FY26 PAT YoY, if below 50%, deceleration is confirmed as the new trajectory.

Lever 10 · New geographies: building. 15 branch offices across India (Delhi, Gurugram, Mumbai, Chennai, Bengaluru, Kolkata, Pune, Bhubaneswar, Raipur, Vizag, Guntur, Guwahati, Indore, Jharkhand), incremental revenue at lower marginal cost. What proves it keeps working: Geographic Expansion (PAN India from Hyderabad base). It stops working if Q4 FY26 PAT YoY, if below 50%, deceleration is confirmed as the new trajectory.

Lever 11 · More business from existing customers: building. 100% subsidiary incorporated Feb 2026, soft beta launched Hyderabad Apr 2019 2026. Services: cleaning, beauty/spa, EPC, AC repair, painting. What proves it keeps working: B2C Home Services Launch, Option Value (Kapston Home Services Pvt Ltd). It stops working if Q4 FY26 PAT YoY, if below 50%, deceleration is confirmed as the new trajectory.

Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

Kapston does not publish formal numerical quarterly guidance, but management consistently guides for 'steady and sustainable growth' and a goal to become a 'top 10' industry player. Actual execution has been aggressive: October to December 2025 revenue hit ₹212.66 Cr (+16.5% on a year earlier) with profit at ₹7.43 Cr (+64.1% on a year earlier). July to September 2025 saw revenue of ₹209.89 Cr (+24.9%) and profit of ₹7.02 Cr (+78.1%). April to June 2025 revenue was ₹191.29 Cr (+24.5%) with profit soaring 84.6% to ₹6.13 Cr. The company has maintained a 3-year operating profit yearly growth of ~41%, consistently outperforming its qualitative 'steady growth' narrative through geographic expansion and operational efficiency.

Checked 12 April 2026.

Kapston Services Ltd earned a ROCE of 15% in FY26. That is up from a low of 6% in FY22. Its return on capital used (ROIC) is 2.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 3.4% net margin and 2.38× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 3.4% net margin × 2.38× asset turnover × 3.01× leverage (assets divided by equity) ≈ 24.4% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 14.7% − 12.0% = +2.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

Kapston Services Ltd has total debt of ₹197 Cr against shareholder equity of ₹151 Cr as of Sep 2026, so its debt is 1.30× its equity. Year by year, that ratio went from 1.57 in FY22 to 1.59 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Kapston Services Ltd by 5.6 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 67.3% of the company. Foreign institutions moved +0.2 points over the same period, to 0.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why the owners changed: promoters drove it (−5.6 points). They reduced their stake.

For Kapston Services Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why this happened. The Q2 FY26 company presentation explicitly states 'We have enhanced our footprint across new Industries and existing clients following our vision to be one of leading manpower services company in India.' Cross-sales of multiple service lines to existing clients is lower-risk revenue versus new client acquisition. The diversified sector exposure (Manufacturing, Pharma, IT/ITES, Healthcare, Govt/PSUs, FMCG, E-commerce) reduces single-sector concentration risk.

62.3 out of 100, rank 2 of 8 in Services - Others, with 93% of the evidence available.

Kapston Services Ltd scores 62.3 out of 100 against the 8 companies it is compared with in Services - Others, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 26.7 + 9.4 + 12.2 + 14 = 62.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Kapston Services ranks 2 of 8 Services - Others companies on the 4-Factor Sector Score, with 62.3 out of 100.