
Kineco Limited Unlisted Share
vs. prev. close ₹3,375
52W High
₹3,500
52W Low
₹2,875
Market cap
₹2,484 Cr
IPO stage
No DRHP filed
CIN
U24134GA1994PLC001672
Price History
52W High
₹3,500
52W Low
₹2,875
About Kineco Limited Unlisted Share
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A) About Kineco Limited Kineco Limited, established in 1995 by entrepreneur Shekhar Sardessai, is a prominent Indian company specializing in composite technology and manufacturing. Headquartered in Goa, Kineco has evolved from producing fiber-reinforced plastic (FRP) industrial equipment to offering a diverse range of composite products across multiple sectors, including railways, aerospace, defense, and industrial applications.B) History of the Company Kineco Limited, a public limited company, was incorporated on October 10, 1994, under the name "Mass Kinematics Pvt. Ltd." The company underwent a name change to "Kineco Private Limited" on January 10, 2001, and subsequently converted to a public company on March 23, 2016. Headquartered at Plot No. 41, Pilerne Industrial Estate, Pilerne, Bardez, Goa 403511, Kineco Limited is a multifaceted composite manufacturer with state-of-the-art, ISO 9001:2008 and AS9100 certified facilities in Goa, India. The company offers a diverse range of composite products catering to industries such as aerospace, defense, railways, automotive, motorsport, telecommunications, and chemicals. Collectively referred to as "the Group," Kineco Limited and its subsidiaries have established significant joint ventures to enhance their market presence. a) One notable venture is "Kineco Alte Train Technologies Private Limited," formed in collaboration with Alte, Spain, focusing on railcar interiors, exteriors, and toilet modules/systems. Kineco holds an 89.66% stake in this entity. b) Another key joint venture is "Kineco Kaman Composites India Private Limited," established with Kaman Aerospace Group, a subsidiary of Kaman Corporation, USA. In this venture, Kineco maintains a 51% stake, and the existing advanced composite division's aerospace business was transferred to this entity." In October 2024, Kineco acquired an additional 49% equity stake in its subsidiary, Kineco Kaman Composites India Private Limited, from its U.S.-based joint venture partner, Kaman Aerospace Group Inc. This acquisition made Kineco Kaman a wholly-owned subsidiary of Kineco Limited, aligning with the company's strategic focus on strengthening its presence in the aerospace and defense sector" c) In 2015, Indo National Limited, a publicly listed company, acquired a 51% controlling stake in Kineco Limited through its subsidiary, Helios Strategic Systems Limited. Consequently, Kineco Limited became a subsidiary of Helios Strategic Systems Limited, with Indo National Limited as the ultimate holding company. d) On October 14, 2021, Kineco signed an agreement to establish a joint venture with Exel Composites Oyj, a Nasdaq Helsinki-listed and globally recognized composites company. This partnership aims to develop the Indian pultrusion market by combining Exel Composites Oyj's global pultrusion technology and market expertise with Kineco's local knowledge and resources, thereby expanding Kineco's pultrusion business in the Indian market. C) Product Portfolio and Services Kineco's expertise encompasses the design, development, and manufacturing of advanced composite parts and assemblies. Their product lineup includes rail coach interiors, aerodynamic components, pressure vessels, and specialized structures tailored for the defense and aerospace industries. The company employs cutting-edge technologies such as autoclave molding, resin infusion, and CNC machining to deliver high-quality, custom solutions to its clientele. D) Industry Recognition and Clientele Kineco has established itself as a trusted supplier in the composites industry, serving a global customer base. The company's commitment to innovation and quality has earned it recognition and contracts from various sectors, including significant projects in the railways and defense industries. E) Business Overview Divison Wise The company's operations are organized into several key divisions: Railways: Kineco manufactures rail coach interiors, toilet modules, aerodynamic front ends, driver cab interiors, and hard seating systems. Defense: The company has developed critical composite structures, including India's first indigenous sonar dome, carbon fiber reinforced lightweight rapid deployable bridges, and radomes for defense applications. Aerospace: Through its subsidiary, Kineco Kaman Composites India Private Limited, Kineco supplies advanced composite parts and assemblies for aerospace and defense customers. Industrial: Kineco produces pressure vessels and allied products designed for corrosive environments, catering to both domestic and international markets. F) Helios Strategic System Exited from Kineco Helios Strategic Systems Ltd., a wholly owned subsidiary of Indo National Ltd. (Nippo Batteries), exited its 51% stake in Kineco Limited in September 2024. The stake was sold to Gajanana Assets and Projects SPV LLP, a consortium in which Shekhar Sardessai, the Chairman and Managing Director of Kineco, is a partner. Following this exit, Kineco Limited underwent significant corporate restructuring: The Shareholders Agreement dated 12 August 2015 between Helios Strategic Systems, Shekhar Sardessai, and Kineco Limited was cancelled. A new Shareholders Agreement was signed on 8 June 2024, reflecting the updated ownership structure. The company's Articles of Association were amended to align with the new agreement.. G) Valuaton of the Company Based on the assessment by registered valuer, the fair market value of the Company has been determined as Rs. 586 Cr, and the value per equity share of the Company as of 1st April 2024 is Rs. 937/- per share. ... Read more
Company Details
Industry
Defence & Aerospace
Founded
1994
Headquarters
Goa, India
Min Lot Size
1
Face Value
₹10.00
Total Shares
7469725
Regulatory Information
Corporate Identity Number (CIN)
U24134GA1994PLC001672
PAN Number
AABCM8681P
ISIN
INE139Y01018
Key Valuation Ratios
Valuation
Market Cap
₹2,483.68 Cr
P/E Ratio
145.30×
P/S Ratio
10.14×
P/B Ratio
15.81×
EV / EBITDA
57.31×
Returns & Per Share
ROE
10.88%
EPS
₹22.88
Book Value / Share
₹210.34
Solvency
Debt / Equity
0.45×
Interest Coverage
3.69×
Company Fundamentals
As of FY2025 Annual · updated 01 Oct 2026Gross Profit
₹123.29 Cr
EBITDA
₹44.07 Cr
Revenue Growth
40.30%
Profit Margin
6.98%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.45×
EBITDA Margin
18.00%
Interest Coverage
3.69×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 201.65₹ Crore | 167.22₹ Crore | 174.52₹ Crore | 244.86₹ Crore |
| Other incomeDisclosed | 7.61₹ Crore | 2.16₹ Crore | 5.67₹ Crore | 3.54₹ Crore |
| Total IncomeDerived | 209.26₹ Crore | 169.39₹ Crore | 180.2₹ Crore | 248.4₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 108.63₹ Crore | 93.74₹ Crore | 85.1₹ Crore | 121.57₹ Crore |
| Changes in inventoriesDisclosed | 1.1₹ Crore | -1.44₹ Crore | -1.96₹ Crore | -14.52₹ Crore |
| Employee benefits expenseDisclosed | 30.6₹ Crore | 28.14₹ Crore | 29.18₹ Crore | 48.92₹ Crore |
| Finance costsDisclosed | 10.72₹ Crore | 11.06₹ Crore | 12.01₹ Crore | 8.25₹ Crore |
| Depreciation and amortization expenseDisclosed | 7.45₹ Crore | 6.85₹ Crore | 8.64₹ Crore | 13.64₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 39.21₹ Crore | 39.72₹ Crore | 36.12₹ Crore | 48.36₹ Crore |
| Total ExpensesDerived | 197.71₹ Crore | 178.06₹ Crore | 169.09₹ Crore | 226.21₹ Crore |
| Profit | ||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Profit before taxDerived | 11.55₹ Crore | -8.68₹ Crore | 11.11₹ Crore | 22.18₹ Crore |
| Current tax expenseDisclosed | 2.47₹ Crore | 2.23₹ Crore | 1.27₹ Crore | 1.31₹ Crore |
| Deferred tax expenseDisclosed | 2.22₹ Crore | -2.75₹ Crore | 2.17₹ Crore | 3.78₹ Crore |
| Tax expenseDisclosed | 4.69₹ Crore | -51.85₹ Lakh | 3.44₹ Crore | 5.09₹ Crore |
| Profit After TaxDerived | 6.86₹ Crore | -8.16₹ Crore | 7.67₹ Crore | 17.09₹ Crore |
| Other comprehensive incomeDisclosed | -64.27₹ Lakh | -37.09₹ Lakh | -31.74₹ Lakh | -4.51₹ Crore |
| Total Comprehensive IncomeDerived | 6.22₹ Crore | -8.53₹ Crore | 7.35₹ Crore | 12.59₹ Crore |
Documents Library
Access all financial reports and filings
Income Statement
ICRA's Credit Rating of Kineco others ICRA has upgraded Kineco Limited’s credit rating to BBB- (Stable), citing strong revenue growth, profitability, and a healthy order book
ICRA's Credit Rating of Kineco others ICRA has upgraded Kineco Limited’s credit rating to BBB- (Stable), citing strong revenue growth, profitability, and a healthy order book
ICRA's Credit Rating of Kineco others ICRA has upgraded Kineco Limited’s credit rating to BBB- (Stable), citing strong revenue growth, profitability, and a healthy order book
ICRA's Credit Rating of Kineco others ICRA has upgraded Kineco Limited’s credit rating to BBB- (Stable), citing strong revenue growth, profitability, and a healthy order book
Notice of AGM of Kineco others 31st AGM for financials, director changes, and loan approval.
Notice of AGM of Kineco others 31st AGM for financials, director changes, and loan approval.
Notice of AGM of Kineco others 31st AGM for financials, director changes, and loan approval.
Notice of AGM of Kineco others 31st AGM for financials, director changes, and loan approval.
Preferential Allotment of Equity Shares others Company approved the allotment of 9,39,168 equity shares via preferential issue, raising ₹88 crore
Preferential Allotment of Equity Shares others Company approved the allotment of 9,39,168 equity shares via preferential issue, raising ₹88 crore
Preferential Allotment of Equity Shares others Company approved the allotment of 9,39,168 equity shares via preferential issue, raising ₹88 crore
Preferential Allotment of Equity Shares others Company approved the allotment of 9,39,168 equity shares via preferential issue, raising ₹88 crore
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Current Price
₹3,325Secure & Verified Transaction
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About Kineco Limited Unlisted Share unlisted shares
Indicative · updated dailyKineco Limited unlisted share price today
Kineco Limited unlisted share price today is ₹3,325 as of 16 October 2026.
Kineco Limited Unlisted Share — frequently asked questions
- What is the grey market price for Kineco Limited?
No IPO is currently announced for Kineco Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Kineco Limited filed for an IPO, and when might it list?
Kineco Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Kineco Limited compare to its listed peers?
There is no closely comparable listed company for Kineco Limited in India today.
- Is Kineco Limited on the SME or Mainboard IPO track?
Kineco Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Kineco Limited's CIN and registered office?
Kineco Limited's Corporate Identity Number is U24134GA1994PLC001672, registered at Goa, India.
- What is Kineco Limited's market capitalisation?
Kineco Limited's market capitalisation is approximately ₹2,484 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Kineco Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Kineco Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Kineco Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Kineco Limited unlisted shares?
Submit an Express Sell Interest for Kineco Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Kineco Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for Kineco Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. Kineco Limited's minimum is ₹3,325.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Kineco Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Kineco Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for Kineco Limited unlisted shares?
Kineco Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Kineco Limited's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on Kineco Limited unlisted shares taxed?
If you sell unlisted shares, including Kineco Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Kineco Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Kineco Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
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- How does Priveq determine the desk price for Kineco Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Kineco Limited specifically, broader sentiment in the unlisted and pre-IPO market, how Kineco Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
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