Kalpa Commercial
KALPACOMMERCIALLTD NSE
Kalpa Commercial
Commercial ServicesNSE: KALPACOMMERCIALLTD BSE: 539014 Trading & Distributors
Key Fundamentals
MicrocapTrading & DistributorsCommercial ServicesMarket Cap
₹7.80 Cr
Volatility
Moderate
P/E Ratio
8.1
EBITDA
₹0.78 Cr
Return on Equity
-0.81%
Debt to Equity
3.3
Book Value
₹22.26
52W High
₹16.47
52W Low
₹6.62
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.32 times its book value
- Debtor days have improved from 334 to 26.9 days.
Weaknesses
3- Promoter holding is low: 20.5%
- Company has a low return on equity of -3.26% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
—
Net Income Growth
-405% lower than
3Y
Cash Flow Change
-75.84% lower than
3Y
ROE
-99.11% lower than
3Y
ROCE
-99.38% lower than
3Y
EBITDA Margin (Avg.)
-127% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 1.57 | 0 | 0 | 0 | 2.81 | 5.99 | 7 | 8.79 | 9.66 | 9.76 |
| Expenses | 0.04 | 0.03 | 0.04 | 1.6 | 0.04 | 0.02 | 0.29 | 5.45 | 5.79 | 7.03 | 8.06 | 9.78 | 9.31 |
| Operating Profit | -0.04 | -0.03 | -0.04 | -0.03 | -0.04 | -0.02 | -0.29 | -2.64 | 0.2 | -0.03 | 0.73 | -0.12 | 0.45 |
| OPM % | — | — | — | -1.91% | — | — | — | -93.95% | 3.34% | -0.43% | 8.3% | -1.24% | 4.61% |
| Other Income | 0.01 | 0 | 0 | 0 | 0 | 0.06 | 0 | 0.32 | 0 | 0.04 | 0.01 | 0.01 | 0.21 |
| Interest | 0 | 0 | 0 | 0.06 | 0 | 0 | 0 | 0.12 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.03 | -0.03 | -0.04 | -0.09 | -0.04 | 0.04 | -0.29 | -2.44 | 0.2 | 0.01 | 0.74 | -0.11 | 0.66 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 25% | 0% | 21.62% | 9.09% | 24.24% |
| Net Profit | -0.03 | -0.03 | -0.04 | -0.09 | -0.04 | 0.04 | -0.29 | -2.44 | 0.15 | 0.01 | 0.57 | -0.12 | 0.5 |
| EPS in Rs | -0.03 | -0.03 | -0.04 | -0.09 | -0.04 | 0.04 | -0.28 | -2.38 | 0.15 | 0.01 | 0.56 | -0.12 | 0.49 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.28 | 4.64 | 5.27 | 1.46 | 0.15 | 0.06 | 0 | 12.26 | 33.55 | 1.57 | 2.81 | 31.44 | 35.21 |
| Expenses | 7.51 | 5.09 | 5.65 | 1.78 | 0.44 | 0.21 | 0.08 | 17.36 | 56.65 | 1.72 | 5.81 | 30.67 | 34.18 |
| Operating Profit | -0.23 | -0.45 | -0.38 | -0.32 | -0.29 | -0.15 | -0.08 | -5.1 | -23.1 | -0.15 | -3 | 0.77 | 1.03 |
| OPM % | -3.16% | -9.7% | -7.21% | -21.92% | -193.33% | -250% | — | -41.6% | -68.85% | -9.55% | -106.76% | 2.45% | 2.93% |
| Other Income | 0.43 | 0.63 | 0.53 | 0.52 | 0.47 | 0.23 | 0.11 | 0.31 | 0.17 | 0.01 | 0.38 | 0.06 | 0.27 |
| Interest | 0.07 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.06 | 0.12 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.13 | 0.17 | 0.15 | 0.2 | 0.18 | 0.08 | 0.03 | -4.79 | -22.96 | -0.2 | -2.74 | 0.83 | 1.3 |
| Tax % | 38.46% | 29.41% | 33.33% | 25% | 27.78% | 25% | 33.33% | 0% | 0% | 0% | 0% | 26.51% | — |
| Net Profit | 0.08 | 0.12 | 0.11 | 0.15 | 0.13 | 0.06 | 0.02 | -4.79 | -22.96 | -0.2 | -2.74 | 0.62 | 0.96 |
| EPS in Rs | 0.08 | 0.12 | 0.11 | 0.15 | 0.13 | 0.06 | 0.02 | -4.67 | -22.4 | -0.2 | -2.67 | 0.6 | 0.94 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 |
| Reserves | 42.06 | 42.17 | 42.28 | 42.43 | 42.56 | 42.62 | 42.64 | 37.85 | 14.89 | 14.69 | 11.95 | 12.57 |
| Borrowings | 1.31 | 1 | 0 | 0 | 0 | 0 | 0 | 0.02 | 2.04 | 0.61 | 0.13 | 75.22 |
| Other Liabilities | 0.24 | 0.53 | 0.88 | 0.11 | 0.12 | 0.11 | 0.16 | 0.33 | 0.17 | 0.04 | 2.04 | 11.54 |
| Total Liabilities | 53.86 | 53.95 | 53.41 | 52.79 | 52.93 | 52.98 | 53.05 | 48.45 | 27.35 | 25.59 | 24.37 | 110 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 28.89 | 29.53 | 29.53 | 29.53 | 0 | 0 | 0 | 1.92 | 5.52 | 5.58 | 3.36 | 1.92 |
| Other Assets | 24.97 | 24.42 | 23.88 | 23.26 | 52.93 | 52.98 | 53.05 | 46.53 | 21.83 | 20.01 | 21.01 | 108 |
| Total Assets | 53.86 | 53.95 | 53.41 | 52.79 | 52.93 | 52.98 | 53.05 | 48.45 | 27.35 | 25.59 | 24.37 | 110 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -0.43 | -0.45 | 0.07 | — | -0.31 | -0.12 | -0.03 | -33.85 | -9.73 | 1.49 | 0.36 | 77.67 |
| Investing | 0.26 | 0.33 | 0.06 | — | 0.28 | 0.11 | 0.01 | 33.88 | 9.71 | -0.05 | 0.36 | -2.81 |
| Financing | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | -1.43 | -0.47 | -75.09 |
| Net Cash Flow | -0.17 | -0.11 | 0.13 | — | -0.03 | -0.01 | -0.02 | 0.03 | -0.02 | 0 | 0.25 | -0.22 |
| Free Cash Flow | -0.43 | -0.45 | 0.07 | — | -0.31 | -0.12 | -0.03 | -33.85 | -9.73 | 1.49 | 0.36 | 77.67 |
| CFO/OP | 126 | 89 | -32 | — | 90 | 47 | 12 | 664 | 42 | -993 | -12 | 10,087 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11.03 | 32.25 | 18.7 | 45 | 414 | 852 | — | 44.66 | 37.75 | 442 | 533 | 26.93 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | 33.97 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | — | 136 |
| Cash Conversion Cycle | 11.03 | 32.25 | 18.7 | 45 | 414 | 852 | — | 44.66 | 37.75 | 442 | 533 | -74.97 |
| Working Capital Days | -65.18 | 1,799 | 1,583 | 5,770 | 56,575 | 1,41,863 | — | 871 | 146 | 3,046 | 1,454 | 156 |
| ROCE % | 0.38% | 0.34% | 0.28% | 0.38% | 0.34% | 0.15% | 0.06% | -9.48% | -60.9% | -0.53% | -10.94% | 1.38% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kalpa Commercial insights
53 extracted metrics + investor summaries across FY14–FY26.
Documents
1
Intimation Of Appointment Of Internal Auditor For The FY 2026-27.
7 May - Board appointed RNKA and Co. as internal auditors for FY2026-27, effective 7 May 2026. 7 May - Board appointed RNKA and Co. as internal auditors for FY2026-27, effective 7 May 2026.
2
Format Of The Initial Disclosure To Be Made By An Entity Identified As A Large Corporate : Annexure A
14 Apr - Kalpa Commercial says large corporate disclosure not applicable for FY2026-27. 14 Apr - Kalpa Commercial says large corporate disclosure not applicable for FY2026-27.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulation,2018 For the Quarter and Year on Ended 31st March, 2026. 7 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulation,2018 For the Quarter and Year on Ended 31st March, 2026.
4
Annual Disclosure Under Regulation 31(4) Of SEBI (SAST) Regulation 2011
2 Apr - Promoters disclosed no share encumbrance creation during FY ended 31 March 2026. 2 Apr - Promoters disclosed no share encumbrance creation during FY ended 31 March 2026.
5
Closure of Trading Window
23 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for March 31, 2026. 23 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for March 31, 2026.
Frequently Asked Questions about Kalpa Commercial
What does Kalpa Commercial Ltd do?
Incorporated in 1985, Kapla Commercial
Ltd is in the business of trading fabrics,
etc.[1]
Where is Kalpa Commercial Ltd (539014) listed?
Kalpa Commercial Ltd trades as KALPACOMMERCIALLTD on the NSE and under code 539014 on the BSE.
Which sector does Kalpa Commercial Ltd belong to?
Kalpa Commercial Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the market capitalisation of Kalpa Commercial Ltd?
Kalpa Commercial Ltd has a market capitalisation of ₹7.8 Cr, which places it in the Small Cap band.
What is the PE ratio of Kalpa Commercial Ltd?
Kalpa Commercial Ltd trades at a PE ratio of 8.10, against a book value of ₹22.26 per share.
What is the 52-week high and low of Kalpa Commercial Ltd?
Over the last 52 weeks Kalpa Commercial Ltd has traded between ₹6.62 and ₹16.47.
What is the Return on Equity (ROE) of Kalpa Commercial Ltd?
Kalpa Commercial Ltd reported a return on equity of -0.81%. Its debt-to-equity ratio is 3.30.
Company Information
Incorporated in 1985, Kapla Commercial Ltd is in the business of trading fabrics, etc.[1]
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