Kamdhenu Ltd. – Company Report
1. Company Overview
Kamdhenu Ltd., incorporated in 1994 and headquartered in Gurugram, Haryana, is a leading Indian manufacturer, distributor, and marketer of steel bars, structural steel, and allied building materials. The company's reputation is built on its asset-light, franchise-based manufacturing and marketing model. With the largest retail presence for TMT steel bars in India, Kamdhenu commands a network of over 8,500 dealers and 250 distributors, supported by more than 80 franchise manufacturing units nationwide. The company is listed on the BSE and NSE.
Kamdhenu also operates in the power and paint segments, with ambitions to expand both domestically and internationally. The company is guided by a vision to offer "Best Quality at Best Price" and aims to establish global presence by 2030 through strategic alliances and acquisitions.
- Incorporated: 1994
- Headquarters: Gurugram, Haryana, India
- Listed: BSE, NSE
- Market Cap (July 2025): ~₹835 crore
- Distribution: 8,500+ dealers, 250+ distributors, 80+ franchise units
- Number of Employees: 201–500 (approximate)
- Business Segments: Steel, Paints, Power
2. Products and Services
Kamdhenu Ltd. provides an extensive range of branded building materials, primarily focusing on:
Steel Division
- TMT Bars (Thermo Mechanically Treated Bars)
- Structural Steel (angles, channels, beams, flats)
- Wirebond (binding wires, fencing wires)
- Color-coated & Galvanised Profile Sheets (roofing, wall cladding, PEB structures)
- Pipes and PVC/UPVC Products
- Pre-fabricated Building Solutions
- Value-added Steel and Metal Solutions for diverse construction needs
Paints Division
- Exterior & Interior Emulsions
- Water-based Primers, Wood Finishes, Aluminum Paints
- Textured & Specialty Paints for walls, roofs, and metal surfaces
Kamdhenu sources high-quality materials such as Galvalume, PPGI, and high-tensile steel, enabling robust performance across infrastructure, industrial, and residential projects.
3. Recent News and Financial Performance
Business Developments
- Strategic acquisition (July 2025): Kamdhenu announced it would acquire a 7.79% stake in Maa Kudargarhi Power and Ispat Pvt. Ltd. (MKPIPL)—a franchisee unit.
- Acquisition of 1.8 lakh equity shares for ₹11.72 crore at ₹651/share.
- MKPIPL began franchise operations in August 2024 for branded billet manufacturing under the KAMDHENU name—India’s first such branded billet deal.
- The deal is expected to close by September 30, 2024, and requires no regulatory clearance.
- Signals a more integrated model, boosting confidence in long-term demand for branded steel.
- Ambitious Expansion Strategy (November 2025): Kamdhenu Limited plans to expand its steel rebar capacity to 40 lakh MT and increase its franchisee network to over 100. The company aims for ₹22,000 crore in brand sales and focuses on increasing royalty income.
- Continued investment in brand building, product expansion, and strengthening of its pan-India dealer network.
- New tie-ups and franchise units have improved both reach and production capacity.
- Focus on market leadership in TMT bars and scaling the high-margin paints segment.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹757 crore |
| Net Profit | ₹60.9 crore |
| Earnings Per Share (EPS) | ₹2.19 |
| Operating Profit Margin | 10% |
| Net Profit Margin | 8.1% |
| Return on Equity (ROE) | 22% |
| Debt | Almost debt-free |
| Dividend Payout % | 11% |