🔍

KD Green Industries Ltd (512595)

📊 BSE: 512595 🏢 Gems, Jewellery And Watches 📢 Latest filing: 31 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, KD Green's revenue was ₹34.2 Cr, and net profit ₹3.7 Cr; the operating margin was 16.3%.

Q1 FY27 (₹ Cr)	Value	YoY	QoQ
Revenue	₹34.2	—	+49.7%
Operating profit	₹5.6	—	+53.9%
Net profit	₹3.7	—	+82.7%
EPS (₹)	0.24	—	+33.3%
Operating margin	16.3%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

KD Green Industries Schedules Board Meeting on Sep 3, 2026 to Finalize 34th AGM Details

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 31 Aug 2026, 03:33 PM

KD Green Industries Limited has scheduled a meeting of its Board of Directors for Thursday, September 3, 2026. The primary agenda of the meeting is to determine the date, time, and venue for the company's 34th Annual General Meeting (AGM). This is a routine administrative compliance under Regulation 29 of SEBI LODR Regulations.

Board meeting scheduled for Thursday, September 3, 2026 at 4:00 PM
Agenda focuses on fixing date, time, and venue for the 34th Annual General Meeting (AGM)
Meeting to be held at Registered Office in Guwahati, Assam
Filing made pursuant to Regulation 29 of SEBI LODR Regulations, 2015

💡 Track the outcome of the board meeting on September 3, 2026 for the finalized AGM date, book closure dates, and annual report release.

KD Green Industries Invests ₹15 Cr in Subsidiary KD Infrastructures via Equity Subscription

🟡 NEUTRAL ⭐ 7/10

M&A 📅 29 Aug 2026, 10:02 PM

KD Green Industries Limited has completed a cash equity investment of ₹15.00 crore in its subsidiary, K D Infrastructures Private Limited. The company subscribed to 20,00,000 equity shares of face value ₹10 each at an issue price of ₹75 per share (including a securities premium of ₹65 per share). The ₹15 crore infusion is significant compared to KD Green's net worth of ₹43 crore (~34.9%).

Invested ₹15,00,00,000 (₹15 crore) in cash into subsidiary K D Infrastructures Private Limited
Subscribed to 20,00,000 equity shares of face value ₹10 each
Issue price fixed at ₹75 per share (comprising ₹10 face value and ₹65 securities premium)
Follows initial intimation disclosure made on 12th August, 2026

💡 Track subsequent quarterly financial statements for disclosures on how KD Infrastructures utilizes the ₹15 crore capital and its contribution to consolidated revenues.

₹15 Cr Investment in Subsidiary K D Infrastructures for Steel Products Expansion

🟢 POSITIVE ⭐ 9/10

EXPANSION 📅 12 Aug 2026, 06:00 PM

Manbro Industries (now KD Green Industries) has approved a significant investment of up to ₹15 crore in its 99.84% subsidiary, K D Infrastructures Private Limited (KDIPL). This investment is substantial, representing approximately 35% of the company's current net worth of ₹43 crore. The funds are earmarked for business expansion, capital expenditure, and loan repayments within the fabricated steel products sector. As the target entity was only incorporated in August 2024 and has zero historical turnover, this represents a major greenfield-style expansion for the group.

Investment of up to ₹15,00,00,000 (₹15 Cr) in subsidiary K D Infrastructures Private Limited.
Investment magnitude is approximately 34.8% of the company's total Net Worth of ₹43 Cr.
Target entity KDIPL is a newly incorporated company (05/08/2024) with Nil historical turnover.
Funds will be utilized for manufacturing galvanized and metallic products like pipes, poles, and high masts.
The acquisition/investment process is expected to be completed within the Financial Year 2026-27.

💡 Investors should monitor the subsidiary's progress in setting up manufacturing facilities and the timeline for its first commercial production and revenue generation.

KD Green (Manbro) reports Rs 2.29 Lakh PAT; approves Rs 15 Cr subsidiary investment

🔵 WATCH ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 05:53 PM

KD Green Industries (formerly Manbro Industries) reported a standalone net profit of Rs 2.29 Lakhs for Q1 FY27 on zero operational revenue, with income primarily derived from other sources. The Board approved a significant investment of up to Rs 15 Crores in its subsidiary, K D Infrastructures Private Limited, to fund expansion in the fabricated steel products segment. This investment represents approximately 35% of the company's current net worth of Rs 42.87 Crores. The company also holds Rs 21.20 Crores in unutilized funds from a recent warrant conversion, currently parked in overnight funds.

Approved investment of up to Rs 15.00 Crores in subsidiary K D Infrastructures Private Limited for business expansion.
Reported zero revenue from operations for the quarter ended June 30, 2026, consistent with the previous year's quarter.
Standalone Net Profit declined to Rs 2.29 Lakhs from Rs 75.84 Lakhs in the year-ago period.
Unutilized cash from warrant conversions stands at Rs 21.20 Crores as of June 30, 2026.
Paid-up equity share capital increased to Rs 10.15 Crores following the conversion of 4.35 Crore warrants.

💡 Investors should monitor the timeline for the Rs 15 Crore investment deployment and the commencement of revenue generation within the subsidiary's steel fabrication business. The company is currently in a transition phase with high cash levels but negligible core operations.

Rs 15 Cr Investment in Subsidiary Approved; Q1 Revenue Remains at Zero

🔵 WATCH ⭐ 7/10

BOARD_MEETING 📅 12 Aug 2026, 05:44 PM

KD Green Industries (formerly Manbro Industries) reported a standalone net profit of Rs 2.29 Lakhs for Q1 FY27, driven entirely by other income as operational revenue remained at zero. The Board has approved a significant capital infusion of up to Rs 15 Cr into its subsidiary, K D Infrastructures Private Limited, for business expansion and debt repayment. This proposed investment represents approximately 35% of the company's current net worth of Rs 43 Cr. Additionally, the company holds Rs 21.20 Cr in unutilized funds from a recent warrant conversion, currently parked in overnight funds.

Approved investment of up to Rs 15.00 Cr in subsidiary K D Infrastructures Private Limited for expansion and capex.
Reported zero revenue from operations for the quarter ended June 30, 2026.
Standalone Net Profit for Q1 FY27 stood at Rs 2.29 Lakhs, primarily from other income of Rs 6.68 Lakhs.
Unutilized cash from warrant conversion stands at Rs 21.20 Cr as of June 30, 2026.
The subsidiary being funded (KDIPL) was incorporated recently on August 5, 2024, and operates in fabricated steel products.

💡 Investors should monitor the timeline for the subsidiary's operationalization and the deployment of the remaining Rs 21.20 Cr, as the company currently lacks core operational income.

Manbro Industries Board Meeting on Aug 12, 2026, to approve Q1 FY27 results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 09 Aug 2026, 01:19 PM

Manbro Industries Limited (now KD Green Industries Limited) has scheduled a board meeting for August 12, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company currently operates with minimal revenue, reporting TTM revenue of Rs 0 Cr and a high P/E ratio of 597.6. Investors should note the recent name change and a significant reduction in promoter holding from 72.4% to 56.64% as of May 2026. The trading window for the company's shares will remain closed until August 13, 2026.

Board meeting scheduled for August 12, 2026, to approve Q1 FY27 financial results.
Trading window closure period from July 1, 2026, to August 13, 2026.
Company name recently changed to KD Green Industries Limited.
Promoter holding decreased by 15.76% from 72.4% to 56.64% in May 2026.
TTM revenue stands at Rs 0 Cr against a market capitalization of Rs 347 Cr.

💡 Monitor the financial results on August 12 to check for any operational turnaround or revenue generation, given the current TTM revenue is near zero.

₹7.55 Cr Order Win from BSNL for Subsidiary Shivam Pipes

🟢 POSITIVE ⭐ 9/10

OTHER 📅 23 Jul 2026, 02:38 PM

KD Green Industries (formerly Manbro Industries) announced that its 51% subsidiary, Shivam Pipe Industries, has secured a ₹7.55 crore order for the supply of Galvanized Steel Tubular Poles. The order is part of BSNL's Bharat Net Phase-III project in the North Eastern Region (NER-1 Package). This contract is highly material for the company, representing approximately 385% of its total FY25 revenue of ₹1.96 crore. The poles will be supplied under the subsidiary's 'Xtech' brand through a primary contractor executing the BSNL project.

Order value of approximately ₹7.55 crores for Galvanized Steel Tubular Poles
Contract awarded under Bharat Net Phase-III -- NER-1 Package for BSNL
Order secured by Shivam Pipe Industries, a 51% subsidiary of KD Green Industries
Order value represents ~3.8x the company's total FY25 revenue of ₹1.96 crore

💡 Investors should monitor the execution timeline and the impact on upcoming quarterly revenue, as this single order significantly exceeds the company's historical annual turnover.

KD Green Industries (Manbro) to Merge Flagship Steel Unit; Plans ₹325 Cr Expansion

🟢 POSITIVE ⭐ 10/10

M&A 📅 22 Jul 2026, 09:33 PM

Manbro Industries (renamed KD Green Industries) has announced an in-principle merger with its flagship unlisted entity, KD Iron & Steel. The group is undertaking a massive ₹325 crore expansion to double steel furnace capacity to 180,000 MT and install a 25 MW captive solar plant. This represents a total business transformation for a company that reported near-zero TTM revenue. Additionally, the company has secured ₹600 crore in government incentives over the next 15 years to support its North-East India operations.

₹325 Crore total project outlay for capacity expansion and a 25 MW solar plant
Proposed merger of listed entity with flagship KD Iron & Steel Private Limited
Furnace capacity to increase 2.67x from 90,000 MT to 180,000 MT annually
₹600 Crore in government incentives approved by the Govt of Assam over 15 years
Vehicle scrappage facility (KD Ecosystem) has an installed capacity of 42,500 units per year

💡 Monitor the regulatory approval timeline for the merger and the execution of the ₹325 crore capex. Investors should watch for the first consolidated financial results post-merger to evaluate the actual revenue and margin profile of the combined industrial entity.

₹4.40 Cr Order Win for Subsidiary Shivam Pipe Industries from MePDCL

🟢 POSITIVE ⭐ 6/10

OTHER 📅 11 Jul 2026, 01:38 PM

KD Green Industries Limited (formerly Manbro Industries) announced that its 51% subsidiary, Shivam Pipe Industries, has secured an order worth approximately ₹4.40 crores. The contract involves the supply of Galvanized Steel Tubular Electric Poles to Meghalaya Power Distribution Corporation Ltd. (MePDCL). The order is part of the Revamped Distribution Sector Scheme (RDSS) and requires delivery on an immediate basis. This win highlights the company's established vendor status in the North Eastern power distribution market under its 'Xtech' brand.

Order value of approximately ₹4.40 crores for steel tubular poles.
Contract awarded by Meghalaya Power Distribution Corporation Ltd. (MePDCL).
Execution to be completed on an immediate basis.
Order secured under the Central Government's Revamped Distribution Sector Scheme (RDSS).

💡 Watch for the reflection of this order in the upcoming quarterly consolidated results and track further order inflows from other North Eastern utilities under the RDSS scheme.

View All 512595 Announcements on Live Market Tracking →