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KAYCEE INDUSTRIES LTD. (KAYCEEI) Fair Value & Analysis

Industrials · IN · Market cap ₹2.9B

KI KAYCEE INDUSTRIES LTD. KAYCEEI · BSE
Price₹835.25
Fair Value₹253.37
Upside-69.7%
Quality54/100
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Expensive Growth
Thin margins · 5.8% net margin
Low debt · negative free cash flow
Trails peers (5/13)
Moderate moat 51/100
Evidence: High Range ₹177.36 – ₹329.39 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 6 days ago

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹329.39). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹177.36 to ₹329.39) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹997,152 ₹663.00 Fair Value ₹253.37 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹663.00 – ₹997,152 · fair‑value band ₹177.36 – ₹329.39 · the ₹835.25 price screens above the ₹253.37 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

KAYCEE INDUSTRIES LTD. (KAYCEEI) currently trades at ₹835.25, while our model-based Fair Value estimate is ₹253.37, implying the stock looks roughly 69.7% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, KAYCEE INDUSTRIES LTD. generated revenue of ₹275M at a net margin of 5.8%. Revenue grew 9.2% year over year. It earns a return on equity of 18.5%. Net debt stands at ₹2.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹177.36 (bear case) to ₹329.39 (bull case); at ₹835.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -70%, KAYCEEI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹98.64 ₹121.61 ₹291.00 76
ROIC Compounder ₹191.70 ₹252.74 ₹331.10 72
Gordon GGM ₹17.57 ₹35.00 ₹53.00 70
All 17 models by family
DCF Models
Owner Earnings ₹32.42 ₹53.43 ₹87.91 31
Earnings-Based
Graham-Dodd ₹94.37 ₹416.60 ₹570.35 54
Lynch FV ₹107.83 ₹154.05 ₹200.26 50
PEG = 1.0 ₹107.83 ₹154.05 ₹200.26 46
EPV ₹172.09 ₹198.69 ₹221.64 59
Dividend Discount
Gordon GGM ₹17.57 ₹35.00 ₹53.00 70
DDM Multi-Stage ₹17.57 ₹30.25 ₹36.94 61
Multiples
P/E Multiple ₹218.58 ₹291.45 ₹364.31 63
P/S Multiple ₹176.95 ₹235.93 ₹294.92 58
P/B Multiple ₹176.95 ₹235.93 ₹294.92 55
EV/EBIT ₹266.16 ₹353.67 ₹441.18 53
EV/EBITDA ₹244.64 ₹324.98 ₹405.32 54
EV/Revenue ₹191.00 ₹271.30 ₹351.61 43
Asset-Based
NCAV (Graham) ₹52.49 ₹70.34 ₹104.98 50
Economic Profit
Residual Income ₹98.64 ₹121.61 ₹291.00 76
ROIC Compounder ₹191.70 ₹252.74 ₹331.10 72
Growth Earnings
Growth-Adj P/E ₹177.36 ₹253.37 ₹329.39 68

Widest divergence: Multiples (₹271.30) versus Dividend Discount (₹30.25). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹275M
Revenue growth (YoY) +9.2%
Net margin 5.8%
Return on equity 18.5%
Free cash flow −₹4.2M FY2026
P/E ratio 60.4
More key figures
Operating margin 6.8%
EPS (TTM) ₹13.84
EPS growth (YoY) -59.5%
Net debt ₹2.2M FY2020

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 26

Profitability 68
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kaycee Industries Limited manufactures and trades in electrical installation products in India. It operates through two segments, Manufacturing and Trading.

Full company description

Kaycee Industries Limited manufactures and trades in electrical installation products in India. It operates through two segments, Manufacturing and Trading. The company offers rotary, toggle, limit, new cam, micro, cam, breaker control, relay, rotary toggle, foot, forward reverse, and auxiliary switches; time, digital time, and mini time totalizers; timers; digital, universal and stroke, measuring machines, senior revolutions, and road measures counters; and cable lugs, temperature indicators/controllers, digi count, PB and lamps, submirsible cables, and earthing devices. It also trades in switches, wires, and cables. The company serves the power, telecom, and renewables industries; and panel builders and machine tool manufacturers. It exports its products. The company was incorporated in 1942 and is based in Mumbai, India. Kaycee Industries Limited is a subsidiary of Salzer Electronics Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

KAYCEE INDUSTRIES LTD. reported revenue of ₹601M in FY2026 versus ₹293M in FY2022, a compound +19.7%/yr. Reported net income was ₹44.0M in FY2026, compounding +23.9%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹601M
Latest YoY
+12.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.7%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.7%
Revenue +19.7%/yr
FY22 ₹293M
FY23 ₹416M
FY24 ₹485M
FY25 ₹532M
FY26 ₹601M
Net income +23.9%/yr
FY22 ₹18.7M
FY23 ₹34.9M
FY24 ₹44.9M
FY25 ₹57.7M
FY26 ₹44.0M

KAYCEEI screens 70% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "KAYCEE INDUSTRIES LTD. Fair Value". https://www.fairvalue-calculator.com/stock/KAYCEEI

Peer Group

Electrical Equipment & Parts · 543 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth 9% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 60.4× · Pricier than 75% of peers
P/B 8.56× · Pricier than 75% of peers
P/S (TTM) 10.36× · Pricier than 75% of peers
EV/EBITDA 91.1× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE46 · sector 56
PAST74 · sector 25
HEALTH100 · sector 97
DIVIDEND4 · sector 23

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
Delta Electronics (Thailand) Public Company DELTA 269.00 THB 40.28 THB -85%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
HD Hyundai Electric Co 267260 752,000 KRW 371,133 KRW -51%
LS ELECTRIC Co 010120 206,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Hitachi Energy India Limited POWERINDIA ₹35,800 ₹6,106 -83%
CG Power and Industrial Solutions Limited CGPOWER ₹893.95 ₹130.16 -85%

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Frequently asked questions

Is KAYCEE INDUSTRIES LTD. (KAYCEEI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹253.37 versus a price of ₹835.25, about −70% (overvalued).
What is the fair value of KAYCEEI?
Our model-based fair value for KAYCEE INDUSTRIES LTD. is ₹253.37 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹835.25.
What is the quality score of KAYCEEI?
KAYCEE INDUSTRIES LTD. has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of KAYCEE INDUSTRIES LTD. (KAYCEEI)?
KAYCEE INDUSTRIES LTD. reported trailing-twelve-month revenue of about ₹275M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KAYCEEI?
The net profit margin of KAYCEE INDUSTRIES LTD. is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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