A low-priced stock locked in the 5 percent upper circuit after signing a Memorandum of Understanding with WardWizard Innovation and Mobility. The partnership aims to facilitate Electric Vehicle (EV) leasing services, signaling a push into the sustainable mobility space and boosting investor optimism about the company’s growth prospects.
During Tuesday’s trading session, the shares of Kaiser Corporation Ltd reached an intra-day high of Rs.6.64 per share, hitting a 5 percent upper circuit from its previous close of Rs.6.33 each. Over the past five years, the shares have delivered over 480 percent returns.
MoU With WardWizard Innovation
Kaiser Corporation Limited announced that its subsidiary, Xicon International Limited, has signed an MoU with electric vehicle manufacturer WardWizard Innovation and Mobility Limited. As part of this agreement, Xicon plans to procure and lease 7,500 electric scooters from WardWizard during FY 2025-26 and FY 2026-27.
These scooters will be sub-leased to logistics and last-mile delivery service providers operating in Mumbai, Pune, and Ahmedabad. The move aims to accelerate the adoption of eco-friendly transport options in urban logistics.
The partnership is projected to generate revenue of approximately Rs.30-33 crore for Xicon over the lease term. This initiative underscores Kaiser Corporation’s strategy to expand into the EV mobility space and contribute to India’s transition to sustainable transportation.
Financial Performance
In the third quarter of FY25, the company reported revenue of Rs.1.70 crore, marking a sharp 66.2 percent decline compared to Rs.5.03 crore in the same period last year. However, on a sequential basis, revenue fell by 75 percent from Rs.6.87 crore in Q3 FY25, indicating a negative quarter-on-quarter growth trend.
The company posted a net loss of Rs.2.60 crore in Q3 FY25, compared to a net profit of Rs.0.02 crore in Q3 FY24, reflecting a significant deterioration in bottom-line performance. However, compared to the net profit of Rs.0.05 crore in Q2 FY25, the shift to a net loss of Rs.2.60 crore indicates a sharp decline in earnings.
The company has a Return on Capital Employed (ROCE) of 10.24 percent and a Return on Equity (ROE) of 4.64 percent. Furthermore, the company maintains a current ratio of 2.38, a debt-to-equity ratio of 1.88, and an EV to Sales of 2.56.
Kaiser Corporation Limited (KCL) operates across two major sectors. In the Printing and Packaging segment, the company specializes in printing labels, packaging materials, magazines, cartons, and a wide range of stationery products. This division supports diverse client requirements across multiple industries.
In addition, KCL has expanded into the Engineering and Infrastructure space through its subsidiaries. This includes the manufacturing of engineering goods, electric and mechanical heat tracing systems, and execution of turnkey project management services. These operations cater to both Indian and global markets, reflecting KCL’s strategic diversification and growing industry footprint.
Written by – Siddesh S Raskar
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