Kineco unlisted share price

Price history

About

Kineco Limited makes products out of composites, mainly glass and carbon fibre reinforced plastics. It began in 1995 in Goa making FRP industrial equipment. Today it sells to railways, defence, aerospace, industrial and pultrusion customers from its base in Pilerne Industrial Estate, Goa. Railways is the biggest business. In FY24 the rail division earned ₹100.01 crore, up 6.89% on the year before, and the company says it is a leading supplier of complete interior solutions to Indian Railways. It also holds a ₹113 crore order for modular interiors for Vande Bharat semi-high speed trains. Defence revenue fell 28.67% to ₹16.10 crore, and its signature product there is the Sonar Dome. Industrial revenue rose to ₹8.68 crore from ₹3.90 crore. Aerospace work is done through the subsidiary Kineco Kaman Composites India Private Limited, in which Kineco holds 51%. The company's FY24 directors' report says it supplied parts for ISRO's Chandrayaan-3 mission and Gaganyaan programme. On the pultrusion side, it is working on carbon planks for wind turbines and exports to Europe. The numbers below are consolidated, as given in the FY24 directors' report. Revenue was ₹174.52 crore in FY24, up 4.37% on the year before. Profit after tax was ₹7.35 crore, a turnaround from a loss of ₹8.53 crore in FY23. The company had 214 employees on 31 March 2024. Per the company's website, Kineco is jointly owned by founder-promoter Shekhar Sardessai, who is Executive Vice Chairman and Managing Director, and Indo National Limited through its wholly owned subsidiary Helios Strategic Systems Ltd. Indo National acquired a controlling stake in 2015. Kineco is not listed on any stock exchange. Its shares trade off-market through unlisted dealers, and the indicative price on this page is ₹3350 per share with a lot size of 100. That price is indicative and not an exchange price.