Kingfa Science & Technology (India) Ltd has received a Buy recommendation from brokerage firms with a target price of ₹7,586, according to reports from The Hindu BusinessLine. The current market price stands at ₹6,040.00, indicating significant upside potential. The brokerage values the company at 35x FY28E P/E multiple, reflecting confidence in the company's growth prospects.
The company has demonstrated strong financial performance with standalone net sales of ₹465.69 crore in September 2025, representing an 11.32% year-on-year growth. This follows consistent growth momentum with June 2025 sales at ₹461.93 crore (up 10.93% YoY) and March 2025 sales at ₹469.55 crore (up 16.1% YoY). The company's revenue composition shows automotive contributing about 74% of FY26 revenue, while the remaining 26% comes from home appliances, electricals and other industrial applications.
Kingfa Science operates as one of India's leading polymer compounders, manufacturing modified plastics, mainly polypropylene, by adding minerals, dyes, pigments and other additives to improve properties such as strength, heat resistance and durability. The company supplies these customised compounds across automotive, consumer durables, electrical and industrial applications through a B2B model serving leading OEMs including Tata Motors, Mahindra, Renault, Nissan, Volvo and Audi. The company expects revenue to grow at about 17% CAGR over FY26-29E, supported by healthy volume growth, better product mix and margin improvement from incremental sourcing of raw materials from the domestic market.
The company was originally incorporated as Hydro S&S Industries in November 1983 and was later acquired by China-based Kingfa Science & Technology in May 2013, as reported by The Hindu BusinessLine. Currently, China-based Kingfa Science & Technology holds about 67% stake in the Indian operations. This acquisition has positioned the company as a significant player in India's polymer compounding sector with strong Chinese parentage backing.
