1. At a Glance
Kinetic Engineering (KEL) stock has multiplied 80% in one year, riding on tiny profits and big dreams. Q1 FY26 profit? ₹0.52 Cr on ₹35 Cr sales – margins are negative. P/E is a nosebleed 130×. The company has more nostalgia than net income.
2. Introduction
Think of Kinetic’s old scooters – they were fun till they broke down. The company now makes auto parts (shafts, gearboxes) but still struggles to shift gears. FY25 revenue ₹142 Cr, PAT ₹6 Cr. Growth? Barely. Valuation? Sky-high. Investors? Thrilled, for now.
3. Business Model (WTF Do They Even Do?)
- Core: Manufactures shafts, transmission gears, gearbox assemblies.
- Customers: OEMs in two‑wheelers, three‑wheelers, CVs.
- Revenue: Mostly from auto components, with other income adding spice.
It’s a small-cap auto parts
