Kama Holdings - Kama Holdings

📊 BSE: 532468 🏢 Holding Company 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

KAMA Realty (Delhi) Limited revenue grew by 231.98% to INR 27.76 Cr. Shri Educare Limited (SEL) revenue grew by 23.01% to INR 33.14 Cr. Shri Educare Maldives (SEMPL) revenue grew by 8.32% to INR 30.50 Cr. SRF Transnational Holdings (SRFT) revenue grew by 7.43% to INR 10.35 Cr.

Geographic Revenue Split

India contributes approximately 70.57% of subsidiary revenue through SEL, KRDL, and SRFT. Maldives contributes 29.43% of subsidiary revenue through SEMPL (INR 30.50 Cr).

Profitability Margins

KAMA Realty (Delhi) achieved a Net Profit Margin of 90.27% (INR 25.06 Cr profit on INR 27.76 Cr revenue). Shri Educare Limited maintained a Net Profit Margin of 24.75% (INR 8.20 Cr profit on INR 33.14 Cr revenue). Shri Educare Maldives reported a Net Profit Margin of 4.76% (INR 1.45 Cr profit on INR 30.50 Cr revenue).

EBITDA Margin

Core profitability is driven by rental and consultancy income; KRDL's profit after tax increased by 338.83% YoY to INR 25.06 Cr, while SEL's profit after tax grew 21.66% YoY to INR 8.20 Cr.

Capital Expenditure

Not disclosed in available documents; however, the company is expanding its consultancy portfolio by adding 6 new schools in FY 2025-26.

⚙️ Operational Drivers

Raw Materials

Not applicable as the company operates as an investment holding, real estate rental, and education consultancy firm.

Import Sources

Not applicable.

Key Suppliers

Not applicable.

Capacity Expansion

Shri Educare Limited plans to expand its consultancy portfolio by adding at least 4 K-12 schools and 2 Pre-schools during the 2025-26 period to leverage high demand for quality education.

Raw Material Costs

Not applicable; the company's primary costs are related to audit fees (INR 0.20 Cr consolidated) and administrative expenses for its 3 employees.

Manufacturing Efficiency

Not applicable.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

Growth is targeted through the expansion of the school consultancy vertical (adding 6 schools in FY26) and maximizing rental yields from property acquisitions in KRDL, which saw revenue jump 231.98% in FY25.

Products & Services

Education consultancy, school management services, rental of commercial and residential properties, and investment in equity and securities (NBFC services).

Brand Portfolio

KAMA Holdings, Shri Educare, The Shri Ram School (consultancy), and SRF (material subsidiary).

New Products/Services

Expansion into 4 new K-12 schools and 2 Pre-schools under the consultancy vertical in FY 2025-26.

Market Expansion

Expansion of educational consultancy services in India and the Maldives.

Strategic Alliances

KAMA Real Estate Holdings LLP is a strategic partnership between subsidiaries KAMA Realty (Delhi) Ltd. and Shri Educare Ltd. for property acquisition.

🌍 External Factors

Industry Trends

The education consultancy sector is seeing high demand for quality K-12 schools in India and abroad. The real estate rental market remains a stable revenue driver, while the investment holding segment is influenced by capital market volatility.

Competitive Landscape

The company competes in the premium education consultancy and commercial real estate rental markets.

Competitive Moat

The company benefits from the established brand reputation of 'Shri Educare' in the Maldives and India, and its 75% promoter-controlled stake provides high stability.

Macro Economic Sensitivity

Highly sensitive to capital market volatility and interest rate fluctuations affecting the valuation of its investment in SRF Ltd.

Consumer Behavior

Increasing demand for high-quality, branded K-12 education is driving the growth of the consultancy segment.

Geopolitical Risks

Operations in the Maldives through SEMPL are subject to local regulatory and political stability.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013, SEBI LODR Regulations, and NBFC regulations for the SRFT subsidiary.

Legal Contingencies

The company reported no penalties or strictures imposed by Stock Exchanges, SEBI, or any statutory authority on capital market matters during the last three years.

⚠️ Risk Analysis

Key Uncertainties

The primary risk is the reduction in the value of investments in SRF Ltd due to market price fluctuations or poor performance of the investee company.