Kama Holdings Ltd (532468)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Kama Holdings' revenue was ₹5,071 Cr (+31.5% year on year, +8.9% on the previous quarter), and net profit ₹762 Cr (+74.7% year on year); the operating margin was 24.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹5,071 | +31.5% | +8.9% |
| Operating profit | ₹1,259 | +47.2% | +20.0% |
| Net profit | ₹762 | +74.7% | +30.4% |
| EPS (₹) | 119.56 | +73.6% | +30.4% |
| Operating margin | 24.8% | — | — |
📢 Recent Corporate Announcements
KAMA Holdings Limited has completed a ₹550 Crore equity subscription into its wholly owned subsidiary, KAMA Realty (Delhi) Limited (KRDL). The company was allotted 93,221 equity shares of face value ₹10 at a premium of ₹58,990 per share. This completes the transaction initially announced under the Share Subscription Agreement on September 9, 2026. KRDL remains a 100% wholly owned subsidiary with no change in management or control.
- Final tranche of equity subscription completed on September 24, 2026
- Allotment of 93,221 equity shares at a face value of ₹10 each
- Issued at an issue premium of ₹58,990 per equity share
- Total investment value aggregates to approximately ₹550 Crores
- KRDL continues to remain a 100% wholly owned subsidiary
Kama Holdings Limited has issued an intimation to shareholders regarding Tax Deducted at Source (TDS) on its interim dividend declared on August 14, 2026. The company has enabled a facility for eligible shareholders to submit tax exemption forms and documents for deduction of TDS at a lower or nil rate. All relevant documents must be submitted to the company latest by August 21, 2026.
- Follow-up to the interim dividend declared on 14th August 2026
- Shareholders seeking lower or nil TDS must submit relevant tax forms by 21st August 2026
- Detailed documentation process and guidelines published on the company's official portal
Kama Holdings has declared an interim dividend of Rs 22.25 per share (222.50% of face value) for the financial year 2026-27. The record date to determine shareholder eligibility is set for August 20, 2026, with the payout scheduled to be completed by September 10, 2026. At the current market price of Rs 2490.6, this specific interim payout translates to a yield of approximately 0.89%. The dividend is well-covered by the company's TTM EPS of Rs 290.03, representing a payout ratio of roughly 7.7% for this installment.
- Interim dividend of Rs 22.25 per equity share declared for FY 2026-27
- Record date for eligibility fixed as Thursday, August 20, 2026
- Dividend payment to be processed on or before September 10, 2026
- Payout represents 222.50% of the paid-up equity share capital
- Current dividend yield for this interim declaration stands at 0.89% based on Rs 2490.6 price
Kama Holdings has declared an interim dividend of Rs 22.25 per share (222.50% of face value) for the financial year 2026-27. Based on the current market price of Rs 2,490.6, this represents a dividend yield of approximately 0.89%. The total estimated payout is roughly Rs 141.4 crore, which is approximately 7.6% of the company's TTM PAT of Rs 1,844 crore. The record date for determining eligibility is August 20, 2026, with payment scheduled by September 10, 2026.
- Interim dividend declared at 222.50% amounting to Rs 22.25 per equity share
- Record date for shareholder eligibility is fixed as August 20, 2026
- Dividend payment to be completed on or before September 10, 2026
- Estimated total payout of ~Rs 141.4 crore based on current market capitalization
- Dividend yield for this specific interim payout stands at ~0.89% at current price levels
Kama Holdings reported a strong start to FY27 with consolidated revenue from operations growing 31.5% YoY to ₹5,070.88 Cr. Profit Before Tax (PBT) saw a substantial increase of 68.4% YoY, reaching ₹983.10 Cr compared to ₹583.62 Cr in the year-ago period. The growth was broad-based, with the Performance Films & Foil business showing a significant turnaround, doubling its EBIT contribution. As a holding company, these results primarily reflect the robust performance of its key subsidiary, SRF Ltd.
- Consolidated Revenue from Operations increased 31.5% YoY to ₹5,070.88 Cr.
- Profit Before Tax (PBT) jumped 68.4% YoY to ₹983.10 Cr.
- Performance Films & Foil segment EBIT surged 149% YoY to ₹349.73 Cr from ₹140.20 Cr.
- Chemicals Business revenue grew 25.9% YoY to ₹2,314.87 Cr, remaining the largest segment.
- Technical Textiles segment EBIT grew 186% YoY to ₹107.80 Cr.
Kama Holdings has scheduled a board meeting for August 14, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The board will also consider a proposal for the 1st interim dividend for FY 2026-27. As a holding company with a TTM PAT of ₹1,844 Cr and a significant stake in SRF Ltd, its results are a key indicator of its investment portfolio's performance. The trading window for insiders is closed until August 16, 2026.
- Board meeting scheduled for August 14, 2026, to review Q1 FY27 results.
- Proposal for 1st interim dividend for FY 2026-27 to be considered during the meeting.
- Trading window for designated persons closed from July 1, 2026, to August 16, 2026.
- Company reported TTM revenue of ₹15,930 Cr and TTM PAT of ₹1,844 Cr as of the latest period.
Kama Holdings, a Core Investment Company with a market cap of Rs 15,958 Cr, has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. The company operates as a lean holding entity with only 3 permanent employees, primarily managing its 50.21% stake in SRF Ltd. During the year, the company successfully resolved 100% of the 105 shareholder complaints received, a notable increase from 21 complaints in the previous year. Standalone turnover for the period was reported at Rs 135.27 Cr with a net worth of Rs 645.21 Cr.
- Resolved 100% of the 105 shareholder complaints received during FY 2025-26.
- Operates with a minimal workforce of only 3 permanent employees (2 male, 1 female).
- Maintains a controlling 50.21% stake in its primary subsidiary, SRF Limited.
- Reported a standalone turnover of Rs 135.27 Cr and a net worth of Rs 645.21 Cr for the fiscal year.
- 100% of the Board of Directors and Key Managerial Personnel underwent training on regulatory frameworks and ESG.
Kama Holdings has published its Annual Report for FY 2025-26, confirming a consolidated revenue of 15,930 Cr and a PAT of 1,844 Cr. The 26th Annual General Meeting (AGM) is set for September 1, 2026, to adopt financial statements and re-appoint directors. While the company is expanding its education consultancy and real estate segments, its valuation remains heavily dependent on its significant stake in SRF Ltd. The education vertical added 4 K-12 schools and 2 pre-schools during the fiscal year.
- Consolidated revenue for FY26 reached 15,930 Cr, a growth from 14,828 Cr in FY25
- Net profit for FY26 stood at 1,844 Cr compared to 1,254 Cr in the previous year
- KAMA Realty (Delhi) achieved a high Net Profit Margin of 90.27% on revenue of 27.76 Cr
- Shri Educare Limited expanded its portfolio by adding 4 K-12 schools and 2 pre-schools in FY26
- Promoter holding remains stable at 75.0% as of June 2026
Kama Holdings has issued the notice for its 26th Annual General Meeting (AGM) to be held on September 01, 2026, via video conferencing. The primary agenda includes the adoption of standalone and consolidated financial statements for FY26 and the re-appointment of Mr. Ashish Bharat Ram as a director. Remote e-voting is scheduled from August 29 to August 31, 2026, with a cut-off date of August 25, 2026. This is a standard procedural filing for the holding company, which reported a TTM revenue of Rs 15,930 Cr.
- 26th Annual General Meeting scheduled for September 01, 2026, at 11:00 a.m.
- Remote e-voting period set from August 29, 2026 (9:00 am) to August 31, 2026 (5:00 pm)
- Cut-off date for determining e-voting eligibility is August 25, 2026
- Notice and Annual Report sent to members appearing in the register as of July 31, 2026
- Agenda includes re-election of Mr. Ashish Bharat Ram (DIN 00671567) as Director
Financial Performance
Revenue Growth by Segment
KAMA Realty (Delhi) Limited revenue grew by 231.98% to INR 27.76 Cr. Shri Educare Limited (SEL) revenue grew by 23.01% to INR 33.14 Cr. Shri Educare Maldives (SEMPL) revenue grew by 8.32% to INR 30.50 Cr. SRF Transnational Holdings (SRFT) revenue grew by 7.43% to INR 10.35 Cr.
Geographic Revenue Split
India contributes approximately 70.57% of subsidiary revenue through SEL, KRDL, and SRFT. Maldives contributes 29.43% of subsidiary revenue through SEMPL (INR 30.50 Cr).
Profitability Margins
KAMA Realty (Delhi) achieved a Net Profit Margin of 90.27% (INR 25.06 Cr profit on INR 27.76 Cr revenue). Shri Educare Limited maintained a Net Profit Margin of 24.75% (INR 8.20 Cr profit on INR 33.14 Cr revenue). Shri Educare Maldives reported a Net Profit Margin of 4.76% (INR 1.45 Cr profit on INR 30.50 Cr revenue).
EBITDA Margin
Core profitability is driven by rental and consultancy income; KRDL's profit after tax increased by 338.83% YoY to INR 25.06 Cr, while SEL's profit after tax grew 21.66% YoY to INR 8.20 Cr.
Capital Expenditure
Not disclosed in available documents; however, the company is expanding its consultancy portfolio by adding 6 new schools in FY 2025-26.
Operational Drivers
Raw Materials
Not applicable as the company operates as an investment holding, real estate rental, and education consultancy firm.
Capacity Expansion
Shri Educare Limited plans to expand its consultancy portfolio by adding at least 4 K-12 schools and 2 Pre-schools during the 2025-26 period to leverage high demand for quality education.
Raw Material Costs
Not applicable; the company's primary costs are related to audit fees (INR 0.20 Cr consolidated) and administrative expenses for its 3 employees.
Strategic Growth
Growth Strategy
Growth is targeted through the expansion of the school consultancy vertical (adding 6 schools in FY26) and maximizing rental yields from property acquisitions in KRDL, which saw revenue jump 231.98% in FY25.
Products & Services
Education consultancy, school management services, rental of commercial and residential properties, and investment in equity and securities (NBFC services).
Brand Portfolio
KAMA Holdings, Shri Educare, The Shri Ram School (consultancy), and SRF (material subsidiary).
New Products/Services
Expansion into 4 new K-12 schools and 2 Pre-schools under the consultancy vertical in FY 2025-26.
Market Expansion
Expansion of educational consultancy services in India and the Maldives.
Strategic Alliances
KAMA Real Estate Holdings LLP is a strategic partnership between subsidiaries KAMA Realty (Delhi) Ltd. and Shri Educare Ltd. for property acquisition.
External Factors
Industry Trends
The education consultancy sector is seeing high demand for quality K-12 schools in India and abroad. The real estate rental market remains a stable revenue driver, while the investment holding segment is influenced by capital market volatility.
Competitive Landscape
The company competes in the premium education consultancy and commercial real estate rental markets.
Competitive Moat
The company benefits from the established brand reputation of 'Shri Educare' in the Maldives and India, and its 75% promoter-controlled stake provides high stability.
Macro Economic Sensitivity
Highly sensitive to capital market volatility and interest rate fluctuations affecting the valuation of its investment in SRF Ltd.
Consumer Behavior
Increasing demand for high-quality, branded K-12 education is driving the growth of the consultancy segment.
Geopolitical Risks
Operations in the Maldives through SEMPL are subject to local regulatory and political stability.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013, SEBI LODR Regulations, and NBFC regulations for the SRFT subsidiary.
Legal Contingencies
The company reported no penalties or strictures imposed by Stock Exchanges, SEBI, or any statutory authority on capital market matters during the last three years.
Risk Analysis
Key Uncertainties
The primary risk is the reduction in the value of investments in SRF Ltd due to market price fluctuations or poor performance of the investee company.
Geographic Concentration Risk
Significant concentration in India (70.57% of subsidiary revenue) and the Maldives (29.43%).
Third Party Dependencies
High dependency on the performance and dividend payouts of SRF Ltd.
Credit & Counterparty Risk
Credit exposure is primarily to wholly-owned subsidiaries, with INR 421.93 Cr outstanding from SRF Transnational Holdings Ltd.
