KS Smart Technologies Ltd (516038)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, KS Smart's revenue was ₹233 Cr, and net profit ₹3.8 Cr; the operating margin was 4.1%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹233 | — | -71.4% |
| Operating profit | ₹9.5 | — | -88.3% |
| Net profit | ₹3.8 | — | -93.3% |
| EPS (₹) | 0.23 | — | -93.3% |
| Operating margin | 4.1% | — | — |
📢 Recent Corporate Announcements
KS Smart Technologies Limited announced shareholder approval via Postal Ballot on October 11, 2026, to alter the Capital Clause of its Memorandum of Association. The company's authorised share capital has been increased from ₹165 crore to ₹175 crore, divided into 17.5 crore equity shares of ₹10 each. The board previously approved this increase on September 11, 2026. This administrative change expands share headroom by ₹10 crore, potentially laying groundwork for future equity issuances.
- Authorised share capital increased by ₹10 crore, from ₹165,00,00,000 to ₹175,00,00,000
- Total authorised equity shares increased from 16,50,00,000 to 17,50,00,000 shares of ₹10 each
- Postal ballot resolution deemed approved by shareholders on October 11, 2026
- Board approval for the capital alteration was previously granted on September 11, 2026
KS Smart Technologies approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also submitted a monitoring report confirming zero deviation in the utilization of ₹176.60 Crores raised via preferential issues. Of the total proceeds, ₹75.00 Crores is allocated toward subsidiary debt repayment, ₹72.71 Crores for working capital, and ₹5.00 Crores for capital expenditure. The consolidated results encompass four subsidiaries, including three unreviewed entities that contributed ₹61.47 lakhs in revenue.
- Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Reported nil deviation in the utilization of ₹176.60 Crores raised via preferential issues on October 06, 2025, and March 31, 2026.
- Allocated ₹75.00 Crores toward subsidiary debt repayment and ₹72.71 Crores toward working capital requirements.
- Three non-material subsidiaries accounted for ₹61.47 lakhs in revenue and ₹22.53 lakhs in net loss for the quarter.
KS Smart Technologies approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The consolidated results incorporate four subsidiaries, with three non-audited subsidiaries contributing revenue of ₹61.47 lakhs and a net loss of ₹22.53 lakhs. The board also reviewed the fund utilization of ₹176.60 crore raised via preferential allotment across FY26, confirming zero material deviation across its key capex, debt repayment, and working capital objects.
- Approved unaudited standalone and consolidated financial results for Q1 ended June 30, 2026
- Reported deployment progress of ₹176.60 crore raised via preferential issues
- Three non-audited subsidiaries contributed total revenue of ₹61.47 lakhs and net loss of ₹22.53 lakhs
- Fund allocation includes ₹75.00 crore for subsidiary debt repayment and ₹72.71 crore for working capital
KS Smart Technologies has scheduled a board meeting for August 14, 2026, to approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company, which has a market cap of ₹92 Cr, recently reported its first significant revenue of ₹2.03 Cr in the March 2026 quarter after several quarters of zero revenue. Investors will be looking for signs of sustained operational activity, as the company has historically struggled with working capital and lacked active manufacturing assets. The trading window has been closed since July 1, 2026, in anticipation of these results.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Trading window for company securities closed from July 1, 2026, until 48 hours post-results.
- Company reported ₹2.03 Cr revenue in the previous quarter (March 2026) vs zero in the prior three quarters.
- Net worth stands at ₹222 Cr despite a small market cap of ₹92 Cr.
- Promoter holding has increased from 49.52% in September 2025 to 60.95% in June 2026.
KS Smart Technologies has completed the administrative process of shifting its registered office from Telangana to Chennai, Tamil Nadu, effective August 5, 2026. The move follows an order from the Regional Director, Hyderabad, dated June 25, 2026, and subsequent approval from ROC Chennai on August 6, 2026. This change occurs while the company remains largely non-operational, reporting a TTM revenue of only Rs 2 Cr and seeking strategic partners to restart business activities.
- Registered office shifted from Telangana to Tamil Nadu effective August 5, 2026
- Regional Director, Hyderabad, issued the approval order on June 25, 2026
- Company reported TTM revenue of Rs 2 Cr and a net loss of Rs 0.32 Cr for FY26
- Current market capitalization stands at Rs 91 Cr with a net worth of Rs 222 Cr
Financial Performance
Revenue Growth by Segment
The company reported zero revenue for the year ended March 31, 2025, as it is not engaged in any business activity. The single business segment is Coated Papers.
Geographic Revenue Split
Not applicable as the company had no operational revenue during the period.
Profitability Margins
The company reported a net loss of INR 19.44 Lakhs for FY 2024-25, which represents a 45.8% reduction in loss compared to the INR 35.86 Lakhs loss incurred in FY 2023-24. Profitability margins are not calculable due to zero revenue.
EBITDA Margin
Not applicable due to zero revenue; however, the company incurred a cash loss of INR 19.44 Lakhs during the current financial year compared to INR 21.28 Lakhs in the previous year.
Capital Expenditure
Zero. The company does not own any property, plant, equipment, or intangible assets as of March 31, 2025.
Credit Rating & Borrowing
Non-current borrowings increased by 360% to INR 23.00 Lakhs from INR 5.00 Lakhs in the previous year. Specific credit ratings and interest rates were not disclosed.
Operational Drivers
Raw Materials
Not disclosed as the company is currently non-operational; historically associated with Coated Papers.
Key Suppliers
Not disclosed as there were no active procurement activities during the year.
Capacity Expansion
Current installed capacity is zero as the company has no property, plant, or equipment. No specific expansion plans are mentioned beyond seeking a 'right opportunity' to become operational.
Raw Material Costs
Zero for the current period due to the lack of business activities.
Manufacturing Efficiency
0% capacity utilization as the company is non-operational.
Logistics & Distribution
Zero distribution costs as there were no products sold.
Strategic Growth
Expected Growth Rate
0%
Growth Strategy
The company's strategy relies entirely on finding a 'right opportunity' or a 'suitable match' to make the company operational. Management is focusing on cost-cutting measures and seeking a partner that can add value to the Coated Papers segment.
Products & Services
Coated Papers (intended/historical product).
New Products/Services
No new product launches are planned until the company becomes operational through a strategic partnership.
Market Share & Ranking
0% market share as the company is not currently active in the Coated Papers industry.
Strategic Alliances
The management is actively looking for a partner to add value, though no specific names or entities have been identified.
External Factors
Industry Trends
The Coated Papers industry is the company's target segment, but the company is currently stagnant. Future outlook depends entirely on the ability to bring in a value-adding partner.
Competitive Landscape
Not applicable as the company is not currently competing in the market.
Competitive Moat
The company currently possesses no identifiable moat or competitive advantage, as it has no assets, no active business, and only one employee.
Macro Economic Sensitivity
Highly sensitive to the availability of capital and the investment climate for the paper and industrial sectors in India.
Geopolitical Risks
Not disclosed as the company has no international operations or supply chain dependencies.
Regulatory & Governance
Industry Regulations
The company is subject to the Companies Act, 2013 and Indian Accounting Standards (Ind AS).
Taxation Policy Impact
The company is subject to the Income Tax Act, 1961, but is currently reporting losses.
Legal Contingencies
The company has a pending Income Tax demand of INR 3.77 Lakhs (INR 376,760) for Assessment Year 2009-10, which is currently pending before the Centralized Processing Centre (CPC).
Risk Analysis
Key Uncertainties
There is significant uncertainty regarding the company's ability to continue as a going concern given the total lack of operations and scarcity of working capital.
Third Party Dependencies
Critical dependency on finding a third-party partner or investor to provide capital and operational direction.
Technology Obsolescence Risk
High risk of technology obsolescence as the company currently lacks any manufacturing infrastructure or modern equipment.
Credit & Counterparty Risk
Minimal risk as the company has no trade receivables, though it has outstanding financial liabilities of INR 1.68 Lakhs.
