| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 202 | 167 | 175 | 245 |
| Cost of Material Consumed | 109 | 94 | 85 | 122 |
| Change in Inventory | 1 | -1 | -2 | -15 |
| Gross Margins | 45.54 | 44.31 | 52.57 | 56.33 |
| Employee Benefit Expenses | 31 | 28 | 29 | 49 |
| Other Expenses | 39 | 40 | 36 | 48 |
| EBITDA | 22 | 6 | 27 | 41 |
| OPM | 10.89 | 3.59 | 15.43 | 16.73 |
| Other Income | 7 | 2 | 6 | -0.5 |
| Finance Cost | 11 | 11 | 12 | 8 |
| D&A | 7 | 7 | 9 | 14 |
| EBIT | 15 | -1 | 18 | 27 |
| EBIT Margins | 7.43 | -0.6 | 10.29 | 11.02 |
| PBT | 11 | -9 | 11 | 18 |
| PBT Margins | 5.45 | -5.39 | 6.29 | 7.35 |
| Tax | 5 | -0.5 | 3 | 5 |
| PAT | 6 | -8.5 | 8 | 13 |
| NPM | 2.97 | -5.09 | 4.57 | 5.31 |
| EPS | 9.58 | -13.58 | 12.78 | 18.06 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 10.89 | 3.59 | 15.43 | 16.73 |
| Net Profit Margin | 2.97 | -5.09 | 4.57 | 5.31 |
| Earning Per Share (Diluted) | 9.58 | -13.58 | 12.78 | 18.06 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 54 | 59 | 71 | 82 |
| CWIP | 2 | 3.5 | 0 | 7.3 |
| Investments | 0.27 | 0 | 0 | 4 |
| Trade Receivables | 62 | 91 | 89 | 115 |
| Inventory | 25 | 28 | 39 | 77 |
| Other Assets | 59.73 | 50.5 | 67 | 72.7 |
| Total Assets | 203 | 232 | 266 | 358 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 6.26 | 6.26 | 6.26 | 7.2 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 49 | 38 | 46 | 149.8 |
| Borrowings | 105 | 136 | 120 | 81 |
| Trade Payables | 32 | 42 | 46 | 67 |
| Other Liabilities | 10.74 | 9.74 | 47.74 | 53 |
| Total Liabilities | 203 | 232 | 266 | 358 |
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | 11.5 | -9 | 11 | 13 |
| OPBWC | 31.75 | 7.99 | 41 | 42 |
| Change in Receivables | 0.66 | -29.2 | 2 | -26 |
| Change in Inventories | -0.95 | -3.3 | -11 | -38 |
| Change in Payables | 3.71 | 10.5 | 3 | 21 |
| Other Changes | -3.15 | 1.59 | 20 | 6 |
| Working Capital Change | 0.27 | -20.41 | 14 | -37 |
| Cash Generated From Operations | 32.02 | -12.42 | 55 | 5 |
| Tax | -2.43 | -1.5 | -1 | -2 |
| Cash Flow From Operations | 29.59 | -13.92 | 54 | 3 |
| Purchase of PPE | -5.56 | -14 | -20 | -71 |
| Sale of PPE | 6.45 | 0.6 | 0 | 0 |
| Cash Flow From Investment | 1.41 | -12 | -17 | -29 |
| Borrowing | -12 | -31 | -16 | -39 |
| Dividend | 0 | 2 | 0 | 0 |
| Equity | 0 | 0 | 0 | 87.9 |
| Others From Financing | -10 | 47 | -13 | -10.9 |
| Cash Flow from Financing | -22 | 18 | -29 | 38 |
| Net Cash Generated | 9 | -7.92 | 8 | 12 |
| Cash at the Start | 31 | 29 | 22 | 31 |
| Cash at the End | 40 | 21.08 | 30 | 43 |
Kineco Limited is a prominent Goa-based advanced composites manufacturer known for delivering high-performance composite solutions across critical sectors such as aerospace, defence, railways, industrial engineering, and marine applications. Over the years, the company has evolved from a niche composites manufacturer into a globally recognized engineering partner, offering specialized products including structural components, interior systems, radomes, missile parts, and composite assemblies. Its strong technological capabilities, emphasis on precision engineering, and collaborations with global OEMs have helped Kineco build a strong reputation in India’s growing composites ecosystem. The company’s innovation-led culture and commitment to quality standards make it a trusted supplier in highly regulated industries.
Kineco has made significant technological advancements through continuous research and investment in modern manufacturing infrastructure. Its facilities are equipped with state-of-the-art autoclaves, filament winding machines, clean rooms, and advanced testing systems that ensure compliance with stringent international standards. The company’s partnership with defence organizations and leading aerospace manufacturers has strengthened its position within India’s indigenization movement under Atmanirbhar Bharat. Kineco’s solutions are widely used in metro rail interiors, defence platforms, UAV structures, and high-speed rail components, giving it a diversified revenue profile. Its ability to execute complex engineering projects and deliver customized solutions positions it uniquely among composite manufacturers in India.
From an investment perspective, Kineco Limited’s unlisted shares offer exposure to fast-growing sectors such as aerospace, defence, and railways—industries that require lightweight, durable, and high-performance composite materials. The increasing shift from metal to composites in global engineering applications presents long-term growth potential for companies like Kineco. Investors should, however, consider factors such as dependence on government defence orders, long project cycles, and the highly specialized nature of the composites market. Despite these considerations, Kineco’s strong technological expertise, diversified customer base, and alignment with India’s industrial modernization make it a promising long-term player. Its unlisted shares may appeal to investors seeking growth-oriented opportunities in advanced manufacturing and engineering solutions.
Q:1 How do I start the process of buying Kineco Limited Unlisted Shares?
Answer: To begin, confirm your booking of Kineco Limited Unlisted Shares with us at a trading price.
Q:2 What documents do I need to provide to buy Kineco Limited Unlisted Shares?Answer: You need to provide your client master report, PAN Card, and a Cancelled Cheque if you are not transferring funds from the bank account mentioned in the CMR Copy.These documents are required as per SEBI regulations.
Q:3 How will I receive the bank details for the payment?
Answer: Once you've confirmed your booking, we will provide you with the necessary bank details for transferring funds.
Q:4 What methods of payment are acceptable for purchasing Kineco Limited Unlisted Shares?Answer: Acceptable payment methods include RTGS, NEFT, IMPS, and cheque transfer.Please note that cash deposits are not permitted.
Q:5 Can I transfer funds from a different bank account than the one mentioned in the CMR Copy?Answer: No, payment must be made from the same account in which the shares are to be credited.
Q:6 What is a client master report and how can I obtain one?Answer: A client master report is a document that outlines your trading account details.If you don't have it, you can request it from your broker.
Q:7 Why are KYC documents required for purchasing Kineco Limited Unlisted Shares?Answer: KYC documents are required to comply with SEBI regulations, ensuring that all transactions are verified and legitimate.
Q:8 Is there a specific time frame for completing the payment after confirming the booking?Answer: While there is no specific time frame mentioned, it's advisable to complete the payment promptly to secure your purchase of Kineco Limited Unlisted Shares.