$KINGFA result

Overall, I would call Kingfa’s FY26 result good – clearly positive and ahead of the sector. For the full year, revenue from operations is about ₹1,995 crore and net profit about ₹185 crore, so both have grown solidly versus last year and net margin has edged up to roughly 9%. Q4 alone saw profit jump from about ₹42 crore to ₹59 crore year‑on‑year, a strong 40%‑plus increase. Earnings per share for FY26 is around ₹144, up from roughly ₹126, which is healthy for a mid‑cap manufacturer. Auditors have again given an unmodified (clean) opinion and the company continues to operate only a standalone business with no subsidiaries. Compared with peers in plastics and engineering polymers, Kingfa is growing faster than the pack: Supreme Industries’ FY26 revenue is up about 7% year‑on‑year, Nilkamal’s recent quarters show high‑single‑digit to low‑teens revenue growth, while Bhansali Engineering Polymers actually saw revenue decline in a recent quarter. The broader engineering plastics market in India is expected to grow around mid‑single to high‑single digits annually, so Kingfa’s mid‑teens growth and improving profitability look strong rather than normal. Given its multi‑year record of double‑digit sales and profit growth, this result basically says the story is still intact.