Kaka Industries Ltd

BSE: 543939

₹ 190-2.94%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 260 crWebsite: www.kakaprofile.comUpdated: 24 Oct 2026

About

Kaka Industries makes PVC profiles, WPC solid profiles and sheets, and uPVC window profiles, and runs compounding, all in Gujarat. FY26 revenue was 263.23 (Rs crore) and FY26 net sales rose 33.1% to Rs 2,632.3 mn. It serves 450+ customers, and most of its revenue comes from Gujarat.^[1][2][3]

Product mix

PVC profiles were 54% of revenue in FY26, down from 57% in FY25.^[2]
WPC solid profiles were 28% of revenue in FY26, up from 26% in FY25.^[2]
uPVC window profiles were 5% of revenue in FY26, down from 6% in FY25.^[2]
Fluted panels were launched in FY25, and production went from one machine to three. SPC flooring was being prepared for export to the US and Europe.^[4]
The PEB and HVLS fan segments grew about 132% YoY in H1 FY26.^[3]

Manufacturing capacity

FY26 capacity: PVC profiles 32,493 MT p.a., WPC solid profiles and sheets 14,736 MT p.a., compounding 14,515 MT p.a.^[2]
The new plant at Lasundra, Gujarat covers 8,00,000 sq ft, is designed for 54,000 MTPA, and has had power since 2 Jan 2025.^[5]
Total installed capacity was about 50,100 MTPA in FY25, with a practical maximum of about 37,000 MTPA. Two years of capex doubled PVC profile capacity from 15,000 to 30,000 tonnes a year.^[4]
A 7.5 MW captive solar plant in Kheda District, Gujarat began operating in mid-June 2026. The company expects it to save about Rs 45 lakh a month in power costs.^[2]
A 1300 KW solar plant runs at the new factory. Rs 532.75 lakh was spent on energy-conservation equipment, as stated in the FY25 annual report.^[5]

Operating numbers

Utilisation in H1 FY26 was 44-45% of installed capacity and 60-65% of available capacity. In August and September 2025 it reached about 80% of available capacity.^[3]
Utilisation of the enhanced capacity was 58% in Q1 FY26, up from 25% in Q4 FY25.^[6]
Sales volume was about 18,500 MT in FY25, up about 17%. Realisation was ₹110 per kg and EBITDA was ₹14,500 per ton in FY25.^[4]
Inventory was about 90 days in H1 FY26, down from more than 115 days.^[3]

Customers and distribution

The customer network grew from 300+ to over 450 partners across 20 states and union territories by H1 FY26.^[3]
Most revenue comes from Gujarat. As of H1 FY26 the company was targeting Telangana, Maharashtra, Karnataka, Rajasthan, UP and MP through dealers, influencers and exhibitions.^[3]

Expansion and capex

Capital work in progress rose from Rs 68.5 mn to Rs 260.7 mn in FY26.^[2]
The company plans to add PVC and WPC profile lines at its existing facility, funded from internal accruals, as stated in Q2 FY26.^[3]
For FY27, the company plans to launch higher-margin PVC, WPC and uPVC products and to expand domestic distribution.^[2]

Recent developments

CRISIL rated the company's ₹60 crore of bank facilities BBB/Stable, as stated in the FY25 annual report.^[5]
The company planned to file by Nov 26, 2025 to move to the main board, for parallel listing on NSE and BSE.^[3]

Market Cap

₹260 Cr

High / Low

₹269 / 139

Stock P/E

13.8

Price / Book

4.0

Book Value

₹61

EPS

₹13.7

No. of Shares

1.37 Cr

ROCE

19.4%

ROE

25.5%

OPM

11.8%

Debt / Equity

1.25

Sales

₹263 Cr

Net Profit

₹19 Cr

Promoter holding

70.0%

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