Kay Power and Paper Ltd (530255)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Kay Power's revenue was ₹5.9 Cr (-17.2% year on year, +20.5% on the previous quarter), and net profit ₹0.1 Cr; the operating margin was 9.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹5.9 | -17.2% | +20.5% |
| Operating profit | ₹0.6 | +872.7% | -66.5% |
| Net profit | ₹0.1 | — | -87.3% |
| Operating margin | 9.9% | — | — |
📢 Recent Corporate Announcements
Kay Power and Paper Ltd has published its 35th Annual Report for FY 2025-26 and scheduled its Annual General Meeting for September 21, 2026. Key agenda items include the appointment of Mrs. Deepa Agarwal as Managing Director for 5 years without remuneration, the appointment of Ms. Aarushi Chandra as Director, and statutory auditor appointment for a 5-year term. The company is also seeking shareholder approval to transfer immovable property (land) to a wholly owned subsidiary. Notes to accounts show trade receivables at Rs 498.34 lakhs (Rs 4.98 cr) as of March 31, 2026.
- 35th Annual General Meeting scheduled for September 21, 2026 at 3:00 PM
- Appointment of Mrs. Deepa Agarwal as Managing Director w.e.f. August 12, 2026 for 5 years without remuneration
- Statutory auditor M/s. Ankush Shinde & Company proposed for appointment from FY 2026-27 to 2030-31
- Trade receivables stood at Rs 498.34 lakhs as of March 31, 2026 versus Rs 518.03 lakhs as of March 31, 2025
- Seeking shareholder approval under Section 180(1)(a) to transfer immovable property (land) to a wholly owned subsidiary
Kay Power and Paper Ltd has issued the notice for its 35th Annual General Meeting scheduled on September 21, 2026. Key special resolutions include appointing Mrs. Deepa Agarwal as Managing Director for 5 years without remuneration and approving the transfer of ~28,000 sq. mtr of land to its wholly owned subsidiary, Kay Pulp and Paper Mills Pvt Ltd. Additionally, the company seeks shareholder approval to appoint M/s Ankush Shinde & Company as statutory auditors for a 5-year term from FY27 to FY31.
- 35th AGM scheduled for September 21, 2026; remote e-voting cut-off date is September 14, 2026
- Special resolution to appoint Mrs. Deepa Agarwal as MD for 5 years effective August 12, 2026, without remuneration
- Shareholder approval sought under Section 180(1)(a) to transfer ~28,000 sq. mtr land at Borgaon, Satara to wholly owned subsidiary Kay Pulp and Paper Mills Pvt Ltd
- Appointment of M/s Ankush Shinde & Company as Statutory Auditors for a 5-year term covering FY2026-27 to FY2030-31
Kay Power and Paper Ltd has appointed Mrs. Deepa Agarwal as Managing Director effective August 12, 2026, subject to shareholder approval at the upcoming AGM. Mrs. Agarwal holds 2,286,800 shares in the company, representing approximately 6.4% of the total equity. She is related to Director Ms. Aarushi Chandra and currently holds directorships in 15 other companies. This leadership change occurs as the company manages a small-scale operation with TTM revenue of Rs 24 Cr and a low ROCE of 1.5%.
- Appointment of Mrs. Deepa Agarwal as Managing Director effective 12th August 2026
- Mrs. Agarwal holds a significant personal stake of 22,86,800 shares in the company
- The new MD holds directorships in 15 other companies, indicating extensive business involvement
- Company reported a TTM revenue of Rs 24 Cr and a net profit of Rs 1 Cr
- Promoter holding remains stable at 51.0% as of March 2026
Kay Power and Paper Ltd has announced a massive expansion plan through its new subsidiary to set up a 75,000 TPA Kraft Paper plant, targeting Rs 200 Cr in first-year revenue. This is highly material given the company's current TTM revenue of just Rs 24 Cr. For Q1 FY27, the company reported a net profit of Rs 0.13 Cr on revenue of Rs 5.89 Cr, following a maintenance shutdown that ended in May 2026. Additionally, the board appointed Mrs. Deepa Agarwal as the new Managing Director.
- Proposed Kraft Paper manufacturing plant with an installed capacity of 75,000 TPA
- Estimated first-year revenue from the new project is approximately Rs 200 Cr
- Q1 FY27 revenue of Rs 5.89 Cr, recovering from a repair shutdown that ended May 2, 2026
- Net profit for the quarter stood at Rs 0.13 Cr vs Rs 0.01 Cr in the same quarter last year
- Project commissioning targeted for FY 2027-28 with financial impact from FY 2028-29
Kay Power and Paper reported a standalone net profit of Rs 0.13 Cr for Q1 FY27, a significant increase from Rs 0.01 Cr in the same quarter last year, though down from Rs 1.06 Cr in the preceding quarter. Revenue from operations stood at Rs 5.89 Cr, declining 17.2% YoY from Rs 7.12 Cr. The company noted that production only commenced on May 2, 2026, following repair and maintenance work that lasted through April. The wholly-owned subsidiary, Satara Aerospace and Defense Industrial Park, contributed zero revenue or profit during the period.
- Revenue from operations decreased 17.2% YoY to Rs 5.89 Cr compared to Rs 7.12 Cr in Q1 FY26.
- Net profit rose to Rs 0.13 Cr from a marginal Rs 0.01 Cr in the year-ago period.
- Production operations were halted for maintenance until April 2026, restarting only on May 2, 2026.
- Total expenses for the quarter stood at Rs 5.81 Cr, with material costs accounting for Rs 3.38 Cr.
- Wholly owned subsidiary Satara Aerospace and Defense Industrial Park reported Nil revenue and profit.
Kay Power and Paper Ltd has announced a board meeting on August 12, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company, a micro-cap with a market capitalization of Rs 32 crore, reported a TTM revenue of Rs 24 crore and a net profit of Rs 1 crore. This meeting follows a period of declining annual revenue, which fell from Rs 39.2 crore in FY25 to Rs 24.38 crore in FY26. Investors will be monitoring if the company can sustain the improved operating profit of Rs 1.74 crore achieved in the March 2026 quarter.
- Board meeting scheduled for August 12, 2026, to consider Q1 FY27 results
- Financial results pertain to the first quarter ended June 30, 2026
- Company maintains a debt-free status with a D/E ratio of 0.00
- TTM revenue stands at Rs 24 crore against a market cap of Rs 32 crore
Kay Power and Paper Ltd has incorporated a wholly owned subsidiary (WOS) named Kay Pulp and Paper Mills Private Limited on July 15, 2026. The new entity has an authorized capital of Rs 15,00,000 and a nominal initial paid-up capital of Rs 1,00,000. The subsidiary is intended to focus on the manufacturing and trading of various paper products, including packaging, kraft, and tissue paper. As of the announcement, the subsidiary has nil turnover and is yet to commence business operations.
- Incorporated a 100% wholly owned subsidiary on July 15, 2026
- Authorized share capital of the new entity is set at Rs 15,00,000
- Initial paid-up capital is Rs 1,00,000 consisting of 10,000 equity shares at Rs 10 each
- The subsidiary will focus on manufacturing and trading packing paper and related products
- Current turnover of the new entity is Nil as operations are yet to begin
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