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← CockpitCompetitor Analysis › KAMAHOLD.NS Kama Holdings LimitedOpen in the cockpit ↗

Kama Holdings LimitedKAMAHOLD.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Industrial Specialties
Momentum weak 24
Mkt cap
$725M
US dollars, full cap
Free float
9%
of shares outstanding
$/day
$51,718
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+5.4 pp
WACC 10.5%
Hurdle
-31 pp
Req g minus delivered
Close · INR₹2,150
1D+0.1%
1W+0.6%
1M-4.6%
3M-14.3%
6M-19.3%
YTDn/a
1Yn/a
ATR %3.5%
52w lowhigh22.8% off high

What Kama does

Employees: 3

Kama at a glance

Size Kama (KAMAHOLD.NS) is an India Materials company (Industrial Specialties) with a market value of $725M, the 706th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,150 on 6 Nov 2026.

Performance Over six months the shares fell 19.3%, against -12.0% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 13.0% over the last twelve months (peer median +1.4%); the operating margin is 18.8% (peer median 5.6%).

Valuation It trades at 0.4× enterprise value to sales against a peer median of 1.5× (cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -31 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.4 points above its cost of capital (10.5% WACC).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026Peer median 88KAMAHOLD.NS 80
Six months, rebased to 100: Kama against the median of its 20 peers (local-currency closes).

Kama financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹170B₹158B₹147B₹131B₹148B
Revenue growth—+7%+12%-11%—
Gross profit₹51.5B₹41.7B₹34.3B₹30.9B₹42.6B
EBITDA₹40.6B₹36.0B₹28.5B₹26.5B₹35.8B
Net income₹10.9B₹9.31B₹6.32B₹8.74B₹12.5B
Free cash flown/a₹4.68B₹9.43B-₹4.24B-₹167M
Capital expendituren/a₹19.0B₹12.4B₹22.2B₹28.7B
Total debtn/a₹50.8B₹47.2B₹50.2B₹44.6B

Quarterly statements and history in the cockpit →

Kama competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%002328463330024330001930073160368353103007159893SGL300221SPG0020686883713007376005864044MATVRAIN4956KAMAHOLD.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Kama is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%2×4×002328463330024330001930073160368353103007159893SGL300221SPG0020686883713007376005864044MATVRAIN4956KAMAHOLD.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kama is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%0023284633300243603683300715SGL300221SPG3007376005864044MATV4956KAMAHOLD.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Kama is the large dot.

Kama competitors and peer comparison

How Kama compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kama against its 20 peers (data as of 6 Nov 2026)
MeasureKAMAHOLD.NSPeer medianRank in peer set
1-month return-4.6%-10.1%8th highest of 21
6-month return-19.3%-12.0%10th lowest of 21
Distance from 52-week high-22.8%-46.7%6th highest of 21
Revenue growth (TTM)+13.0%+1.4%4th highest of 21
Operating margin18.8%5.6%2nd highest of 21
EV / Sales0.4×1.5×cheapest of 21
Growth the price implies (Req g, 7 yrs)-17.3%2.3%least demanding of 14
Growth delivered (Del g)+13.5%+4.9%2nd highest of 14
Hurdle (Req g minus delivered)-30.8 pp+1.8 ppleast demanding of 14
ROIC minus cost of capital+5.4 pp-4.0 pp3rd highest of 21
EV / EBITDA1.7×7.5×cheapest of 13
Net debt / EBITDA1.1×1.1×7th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Kama KAMAHOLD.NSIndia$725M-19%+13%19%0.4×-17.3%+13.5%
Shanghai Xinpeng Industry 002328.SZChina$723M-39%-23%2%1.4×14.7%-2.0%
Sakata Inx 4633.TJapan$732M+8%+9%6%0.5×-4.0%+9.8%
Shandong Ruifeng Chemical 300243.SZChina$715M-19%+2%5%2.5×35.4%+8.6%
Chengdu Guibao Science and Technology 300019.SZChina$737M-29%+9%6%1.2×n/an/a
Shenzhen Cotran Industrial Material 300731.SZChina$707M-47%-1%-1%4.4×n/an/a
Shanghai Smith Adhesive New Material 603683.SSChina$706M-43%+19%4%2.3×33.2%+16.0%
Toyo Tanso 5310.TJapan$765M-5%-8%10%2.4×n/an/a
Jiangsu Canlon Building Materials 300715.SZChina$770M-1%+3%-2%2.7×33.6%+3.8%
Pizu 9893.HKHong Kong$677M-8%-8%22%4.4×n/an/a
SGL Carbon SGL.DEGermany$668M+2%-16%8%0.8×2.3%-1.6%
Guangdong Silver Age Sci & Tech 300221.SZChina$667M-16%+7%7%2.0×27.7%+6.0%
SP Group A/S SPG.CODenmark$788M+17%+18%14%1.6×-6.2%+6.2%
Jiangxi Black Cat Carbon Black 002068.SZChina$795M-22%+1%-4%1.1×n/an/a
Jiangsu Favored Nanotechnology 688371.SSChina$797M-34%-7%-29%10.2×n/an/a
Keshun Waterproof Technologies 300737.SZChina$656M-41%-12%-8%1.2×-15.7%-0.6%
Shandong Jinjing Science & Technology 600586.SSChina$806M-35%-23%-23%1.9×0.5%-1.3%
Central Glass 4044.TJapan$648M0%+4%8%0.7×-6.5%-5.4%
Mativ MATVUnited States$646M+27%+1%4%0.8×6.2%+13.0%
Rain Industries RAIN.NSIndia$645M+35%+17%10%0.8×n/an/a
Konishi 4956.TJapan$643M+9%+7%9%0.6×-10.1%+4.9%

Questions

Which companies are Kama's closest peers?
The cockpit's peer set: Shanghai Xinpeng Industry (002328.SZ), Sakata Inx (4633.T), Shandong Ruifeng Chemical (300243.SZ), Chengdu Guibao Science and Technology (300019.SZ), Shenzhen Cotran Industrial Material (300731.SZ), Shanghai Smith Adhesive New Material (603683.SS), Toyo Tanso (5310.T), Jiangsu Canlon Building Materials (300715.SZ).
Is Kama expensive compared with its peers?
On ev / sales it trades at 0.4× against a peer median of 1.5×, cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -31 pp: the price already allows for a slowdown.
How has Kama stock performed?
Over six months to 6 Nov 2026 the shares returned -19.3% against -12.0% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.