Kiduja India Limited

Financial Services — Capital Markets · BSE

₹17.47−₹1.92 (−9.90%)

DalalBaazaar Score

24 / 100

🔴 Weak

Verdict

HIGH RISK

Risk

Very High

Driven by negative shareholders' equity — the company owes more than it owns, short-term liabilities exceed short-term assets, the company is currently loss-making.

In simple words: The company owes more than it owns — years of losses have wiped out its net worth, but sales are shrinking. Solvency — whether it can keep funding itself at all — is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:47 pm

Understanding the Business

Company site ↗

The 60-second version of Kiduja India Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Kiduja India Limited, a non-banking financial company, invests and deals in shares and securities in India. It also engages inverts in mutual fund. The company was incorporated in 1985 and is based in Mumbai, India.

IndustryCapital Markets

SectorFinancial Services

Employees2

Annual revenue₹9 Cr

How does it make money?

Turns over ₹9 Cr a year. Of every ₹100 of sales, about ₹24 reaches shareholders as profit, with ₹91 left at the operating level before interest, tax and depreciation. Each of its 2 employees supports ₹4.71 Cr of revenue a year, the signature of a capital- or asset-led business.

Revenue / employee₹4.71 Cr

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, HDFC LIFE INS CO LTD, SBI LIFE INSURANCE CO LTD. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

DalalBaazaar Score

24/ 100

Weak

Weighted across six categories. Every point is explained below.

✗ Shareholders' equity is negative — accumulated losses exceed the capital in the business

Quality vs. Valuation

Company Quality

25/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

30/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

Multiples unreliable — equity base is negative

EV/EBITDA

8.7x

PEG

—

What's Good / What's Bad

🟢 What's Going Well0

Nothing stands out as clearly improving on the years of data available.

🔴 What Needs Attention1

Short-term liquidity is tight
Current ratio of 0.00 — near-term obligations exceed near-term assets.

Red Flags

4 items require attention · 3 high · 1 watch

🔴Negative shareholders' equityFinancial
Liabilities exceed assets — accumulated losses have wiped out the company's net worth.
🔴Thin interest coverageFinancial
Operating profit covers interest only 1.4x — little room if earnings dip.
🔴Significant margin compressionFinancial
EBITDA margin has fallen 30.6 points, from 121.6% to 91.0%.
🟡Shareholders have been dilutedOwnership
Shares outstanding are up 40% over 3 years — each existing share owns a smaller slice of the company.

Investment Thesis

🟢 Bull CaseWhat could make this work?

No clear supporting case emerges from the available numbers.

🔴 Bear CaseWhat could go wrong?

Solvency comes before everything else
Liabilities exceed assets. Until net worth is rebuilt, the equity is a claim on a business that owes more than it owns, and further losses or a funding squeeze can leave shareholders with nothing.
Margins are being competed away
EBITDA margin has fallen from 121.6% to 91.0%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
3 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 89%✓ 91.0%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Interest cover stays above 3x✗ 1.4x
How much operating profit can fall before interest stops being comfortably covered.

Investment Checklist

4 / 9 checks passed

✗ Shareholders' equity is positive (assets exceed liabilities)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✗ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

1 good · 4 neutral · 6 weak

Market Cap

₹42 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

Not available

No data

Source didn't return this field

EPS (TTM)

₹-5.18

Loss-making

Negative earnings per share — the business is losing money

ROE

Not meaningful

Negative equity

Return on equity can't be read when equity itself is negative

ROCE

Not meaningful

N/A for lenders

Banks and NBFCs don't report capital employed the way other businesses do

Debt/Equity

Not meaningful

Negative equity

Shareholders' equity is negative, so this ratio can't be read

Revenue Growth (YoY)

-83.3%

Shrinking

Sales are contracting

Profit Growth (YoY)

-90.3%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹50 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

86.0%

Good

Healthy core-business profitability

Net Margin

0.0%

Weak

Very little revenue reaches the bottom line

Current Ratio

0.00

Tight

Tight short-term liquidity

Beta (vs Nifty)

0.42

Defensive

Steadier than the market

52W Range Position

31%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

19.8 / 19.1

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

49.7

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	-₹4 Cr	₹45 Cr	₹6 Cr	₹9 Cr	—
EBITDA	-₹5 Cr	₹43 Cr	₹5 Cr	₹9 Cr	—
EBITDA Margin	121.6%	96.2%	78.3%	91.0%	—
PAT (Net Profit)	-₹7 Cr	₹34 Cr	-₹6 Cr	₹2 Cr	—
EPS	₹-3.85	₹16.03	₹-2.71	₹0.93	—
Total Debt	₹78 Cr	₹140 Cr	₹76 Cr	₹32 Cr	-25.2%
Free Cash Flow	-₹18 Cr	-₹57 Cr	₹73 Cr	₹50 Cr	—

🟢 Revenue has turned positive, from -₹4 Cr to ₹9 Cr.

🟢 EBITDA has turned positive, from -₹5 Cr to ₹9 Cr.

🔴 EBITDA Margin has fallen from 121.6% to 91.0% over 3 years (-30.6 pts).

🟢 PAT (Net Profit) has turned positive, from -₹7 Cr to ₹2 Cr.

🟢 EPS has turned positive, from ₹-3.85 to ₹0.93.

🟢 Total Debt has shrunk at 25.2% a year over 3 years.

🟢 Free Cash Flow has turned positive, from -₹18 Cr to ₹50 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹11 Cr

Total Liabilities

₹33 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹50 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

84.9%

Peer Comparison

Company	P/E	ROE
BAJAJ FINANCE LIMITED	30.2x	17.8%
HDFC LIFE INS CO LTD	58.4x	11.3%
SBI LIFE INSURANCE CO LTD	63.9x	13.7%

Recent News

1 positive3 mixed2 general

Kiduja India shareholders approve all five resolutions at 40th AGM

scanx.trade, 28 Sept

Elgi Equipments consolidated net profit rises 20.68% in the June 2026 quarter

Business Standard, 14 AugResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Kiduja India Q4 Results 2026 - Find Kiduja India Q4 Earnings Result | Kiduja India Q4 results

Livemint, 13 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Shares Under 1000 Rs - Best Share Below 1000

Alice Blue, 15 Jan

Q4 results: ABFRL, Hitachi Energy, NBCC, Pine Labs, and 135 more on May 25

Business Standard, 25 MayResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Q2 results 2025: TVS Motor, Adani Green, Tata Capital, Jindal Steel among companies to declare earnings today

Livemint, 28 OctResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Watch Items

Revenue growth is negative (-83.3%) on the latest reported period — check if this is one-off or a trend.
This is a financial-sector business: borrowing is its raw material, not leverage in the usual sense. Debt/Equity and ROCE here aren't comparable to a manufacturer's — read them alongside NIM, GNPA and capital adequacy from the company's own disclosures.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

MiddlingGrowth

WeakBusiness Quality · Financial Health · Profitability · Valuation · Risk

Points for each in the Score ↑

Avoid until solvency is resolved

Kiduja India Limited owes more than it owns. Whatever the operating numbers show, the equity is a residual claim on a business with negative net worth, and that question has to be settled before any of the rest is worth weighing. 3 high-severity red flags sit above this conclusion and should be read first.

1 of 2 tripwires tripped — Interest cover stays above 3x · see Key things to watch ↑