Kaya（539276）株式概要カヤ・リミテッドはインドと中東でスキンケアとヘアケアのクリニックを所有、運営している。 詳細539276 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析過去5年間で収益は年間11.5%減少しました。 マイナスの株主資本 過去1年間で株主の希薄化が進んだ 意味のある時価総額がありません ( ₹4B )すべてのリスクチェックを見る539276 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₹Current Price₹246.60454.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b4b2016201920222025202620282031Revenue ₹1.7bEarnings ₹192.9mAdvancedSet Fair ValueView all narrativesKaya Limited 競合他社Lloyds LuxuriesSymbol: NSEI:LLOYDSMarket cap: ₹2.2bNIS ManagementSymbol: BSE:544495Market cap: ₹1.1bParty CruisersSymbol: NSEI:PARTYCRUSMarket cap: ₹1.2bTouchwood EntertainmentSymbol: NSEI:TOUCHWOODMarket cap: ₹762.5m価格と性能株価の高値、安値、推移の概要Kaya過去の株価現在の株価₹246.6052週高値₹486.9052週安値₹230.00ベータ0.261ヶ月の変化-6.91%3ヶ月変化-21.86%1年変化-23.24%3年間の変化-26.62%5年間の変化-16.69%IPOからの変化-83.14%最新ニュースReported Earnings • May 22Full year 2026 earnings released: ₹66.67 loss per share (vs ₹25.50 loss in FY 2025)Full year 2026 results: ₹66.67 loss per share (further deteriorated from ₹25.50 loss in FY 2025). Revenue: ₹2.31b (up 6.4% from FY 2025). Net loss: ₹961.7m (loss widened 188% from FY 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • May 14Kaya Limited to Report Q4, 2026 Results on May 20, 2026Kaya Limited announced that they will report Q4, 2026 results on May 20, 2026Reported Earnings • Jan 29Third quarter 2026 earnings released: ₹23.41 loss per share (vs ₹8.70 loss in 3Q 2025)Third quarter 2026 results: ₹23.41 loss per share (further deteriorated from ₹8.70 loss in 3Q 2025). Revenue: ₹617.0m (up 6.2% from 3Q 2025). Net loss: ₹355.6m (loss widened 212% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 23Kaya Limited Announces Resignation of Nishant Nayyar as Vice President & Head of Marketing, Effective April 23, 2026Kaya Limited announced that Mr. Nishant Nayyar, Vice President & Head of Marketing, designated as Senior Managerial Personnel of the Company, has tendered his resignation from the said post due to personal reasons. The Company has accepted his resignation with effect from April 23, 2026. The resignation was communicated in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was formally communicated to the stock exchanges and internally via email, following the company's communication protocols. Nitika Dalmia, the Company Secretary & Compliance Officer, handled the formal communication of the resignation to the stock exchanges. Mr. Nayyar communicated his resignation internally via email to Saurav Jha, with a copy to Amrita Chowdhury. The resignation letter was enclosed for record-keeping and compliance purposes.New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹924m). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹5.80b market cap, or US$63.4m).お知らせ • Jan 16Kaya Limited to Report Q3, 2026 Results on Jan 28, 2026Kaya Limited announced that they will report Q3, 2026 results on Jan 28, 2026最新情報をもっと見るRecent updatesReported Earnings • May 22Full year 2026 earnings released: ₹66.67 loss per share (vs ₹25.50 loss in FY 2025)Full year 2026 results: ₹66.67 loss per share (further deteriorated from ₹25.50 loss in FY 2025). Revenue: ₹2.31b (up 6.4% from FY 2025). Net loss: ₹961.7m (loss widened 188% from FY 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • May 14Kaya Limited to Report Q4, 2026 Results on May 20, 2026Kaya Limited announced that they will report Q4, 2026 results on May 20, 2026Reported Earnings • Jan 29Third quarter 2026 earnings released: ₹23.41 loss per share (vs ₹8.70 loss in 3Q 2025)Third quarter 2026 results: ₹23.41 loss per share (further deteriorated from ₹8.70 loss in 3Q 2025). Revenue: ₹617.0m (up 6.2% from 3Q 2025). Net loss: ₹355.6m (loss widened 212% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 23Kaya Limited Announces Resignation of Nishant Nayyar as Vice President & Head of Marketing, Effective April 23, 2026Kaya Limited announced that Mr. Nishant Nayyar, Vice President & Head of Marketing, designated as Senior Managerial Personnel of the Company, has tendered his resignation from the said post due to personal reasons. The Company has accepted his resignation with effect from April 23, 2026. The resignation was communicated in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was formally communicated to the stock exchanges and internally via email, following the company's communication protocols. Nitika Dalmia, the Company Secretary & Compliance Officer, handled the formal communication of the resignation to the stock exchanges. Mr. Nayyar communicated his resignation internally via email to Saurav Jha, with a copy to Amrita Chowdhury. The resignation letter was enclosed for record-keeping and compliance purposes.New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹924m). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹5.80b market cap, or US$63.4m).お知らせ • Jan 16Kaya Limited to Report Q3, 2026 Results on Jan 28, 2026Kaya Limited announced that they will report Q3, 2026 results on Jan 28, 2026Reported Earnings • Nov 14Second quarter 2026 earnings released: ₹13.18 loss per share (vs ₹8.27 loss in 2Q 2025)Second quarter 2026 results: ₹13.18 loss per share (further deteriorated from ₹8.27 loss in 2Q 2025). Revenue: ₹582.7m (up 11% from 2Q 2025). Net loss: ₹187.6m (loss widened 73% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.お知らせ • Nov 03Kaya Limited to Report Q2, 2026 Results on Nov 13, 2025Kaya Limited announced that they will report Q2, 2026 results on Nov 13, 2025New Risk • Aug 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Negative equity (-₹1.4b). Earnings have declined by 14% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹6.46b market cap, or US$73.8m).お知らせ • Aug 13Kaya Limited announced that it has received INR 750.000001 million in funding from Axana Estates LlpOn August 12, 2025, Kaya Limited closed the transaction. The company issued 20,90,068 Equity Shares of face value of INR 10 each at an issue price of INR 358.84 per equity share (including a premium of INR 348.84 per equity share),for gross proceeds of INR 75,00,00,001 on a preferential basis. The transaction included participation from Axana Estates LLP.お知らせ • Jul 28Kaya Limited to Report Q1, 2026 Results on Aug 05, 2025Kaya Limited announced that they will report Q1, 2026 results on Aug 05, 2025Reported Earnings • Jul 17Full year 2025 earnings released: ₹25.50 loss per share (vs ₹71.41 loss in FY 2024)Full year 2025 results: ₹25.50 loss per share (improved from ₹71.41 loss in FY 2024). Revenue: ₹2.17b (up 5.8% from FY 2024). Net loss: ₹333.7m (loss narrowed 64% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Jul 14Kaya Limited, Annual General Meeting, Aug 05, 2025Kaya Limited, Annual General Meeting, Aug 05, 2025, at 10:00 Indian Standard Time.お知らせ • Jun 26Kaya Limited announced that it expects to receive INR 750.000001 million in funding from Axana Estates LlpKaya Limited announced a private placement to issue 2,090,068 shares at an issue price of INR 358.84 per share for gross proceeds of INR 750,000,001.12 on June 26, 2025. The transaction will include participation from new investor Axana Estates LLP with 13.74% stake post completion. The transaction has been approved by shareholders and is subject to general shareholders to be held on July 22, 2025.Reported Earnings • May 29Full year 2025 earnings released: ₹25.50 loss per share (vs ₹98.91 loss in FY 2024)Full year 2025 results: ₹25.50 loss per share (improved from ₹98.91 loss in FY 2024). Revenue: ₹2.34b (down 42% from FY 2024). Net loss: ₹333.7m (loss narrowed 74% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • May 19Kaya Limited to Report Q4, 2025 Results on May 28, 2025Kaya Limited announced that they will report Q4, 2025 results on May 28, 2025New Risk • Apr 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹1.4b). Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹3.76b market cap, or US$43.8m).Reported Earnings • Jan 31Third quarter 2025 earnings released: ₹8.70 loss per share (vs ₹6.33 loss in 3Q 2024)Third quarter 2025 results: ₹8.70 loss per share (further deteriorated from ₹6.33 loss in 3Q 2024). Revenue: ₹581.2m (down 43% from 3Q 2024). Net loss: ₹113.8m (loss widened 38% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • Jan 17Kaya Limited to Report Nine Months, 2025 Results on Jan 28, 2025Kaya Limited announced that they will report nine months, 2025 results on Jan 28, 2025Reported Earnings • Oct 30Second quarter 2025 earnings released: ₹8.27 loss per share (vs ₹8.76 loss in 2Q 2024)Second quarter 2025 results: ₹8.27 loss per share (improved from ₹8.76 loss in 2Q 2024). Revenue: ₹532.9m (down 47% from 2Q 2024). Net loss: ₹108.3m (loss narrowed 5.4% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Oct 16Kaya Limited to Report Q2, 2025 Results on Oct 28, 2024Kaya Limited announced that they will report Q2, 2025 results on Oct 28, 2024お知らせ • Oct 09Kaya Limited Announces Resignation of Rajiv Nair as Chief Executive Officer, Effective October 25, 2024Kaya Limited announced that Rajiv Nair, Chief Executive Officer and Key Managerial Personnel has resigned from the services of the Company with effect from the close of business hours of October 25, 2024. Reason: personal reasons and to further career goals.Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Om Manchanda was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: ₹79.34 (vs ₹7.88 loss in 1Q 2024)First quarter 2025 results: EPS: ₹79.34 (up from ₹7.88 loss in 1Q 2024). Revenue: ₹744.5m (down 30% from 1Q 2024). Net income: ₹1.04b (up ₹1.14b from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Jul 29Kaya Limited to Report Q1, 2025 Results on Aug 06, 2024Kaya Limited announced that they will report Q1, 2025 results on Aug 06, 2024お知らせ • Jul 16Kaya Limited, Annual General Meeting, Aug 06, 2024Kaya Limited, Annual General Meeting, Aug 06, 2024, at 10:00 Indian Standard Time.New Risk • Jun 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹2.3b). Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Significant insider selling over the past 3 months (₹464m sold). Market cap is less than US$100m (₹4.25b market cap, or US$50.9m).Reported Earnings • May 28Full year 2024 earnings released: ₹98.91 loss per share (vs ₹89.15 loss in FY 2023)Full year 2024 results: ₹98.91 loss per share (further deteriorated from ₹89.15 loss in FY 2023). Revenue: ₹4.17b (up 11% from FY 2023). Net loss: ₹1.29b (loss widened 11% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • May 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.9% to ₹334. The fair value is estimated to be ₹421, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.お知らせ • May 19Kaya Limited to Report Fiscal Year 2024 Results on May 27, 2024Kaya Limited announced that they will report fiscal year 2024 results on May 27, 2024Buy Or Sell Opportunity • Apr 23Now 20% undervaluedOver the last 90 days, the stock has risen 1.1% to ₹339. The fair value is estimated to be ₹425, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.Buy Or Sell Opportunity • Apr 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to ₹336. The fair value is estimated to be ₹423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.お知らせ • Mar 29Humania GCC Holding Limited entered into definitive agreement to acquire Kaya Middle East, DMCC from Kaya Limited (NSEI:KAYA) for AED 2.3 million.Humania GCC Holding Limited entered into definitive agreement to acquire Kaya Middle East, DMCC from Kaya Limited (NSEI:KAYA) for AED 2.3 million on March 27, 2024. Humania GCC will pay AED 2.3 million subject to customary adjustments for actual debt, actual working capital, gratuity payments to employees of the businesses being transferred and transaction related expenses and payables. Kaya Middle East, DMCC reported revenue of AED 9,372,160 and net worth of AED 11,190,375 during the last financial year March 31, 2023. The transaction is subject to receipt of necessary approvals including regulatory authorities and the shareholders of Kaya Limited and is expected to close in Quarter 2 of financial year ending on March 31, 2025.お知らせ • Mar 28Humania GCC Holding Limited agreed to acquire Kaya Middle East FZE from Kaya Limited (NSEI:KAYA) for AED 30.7 million.Humania GCC Holding Limited agreed to acquire Kaya Middle East FZE from Kaya Limited (NSEI:KAYA) for AED 30.7 million on March 27, 2024. The consideration is subject to customary adjustments for actual debt, actual working capital, gratuity payments to employees of the businesses being transferred and transaction related expenses and payables. In related transaction, Humania GCC Holding Limited entered into definitive agreement to acquire Kaya Middle East, DMCC from Kaya Limited (NSEI:KAYA) for AED 2.3 million. Kaya Middle East FZE has revenues of AED 84.03 million and negative net worth of AED 17.319 million in financial year March 31, 2023. Upon completion of the transactions, Kaya DMCC will cease to be a wholly owned material subsidiary of the Company and Kaya FZE will cease to be a step-down material subsidiary of the Company. Transactions are subject to receipt of necessary approvals including those from regulatory authorities and the shareholders of the Company and expected date of completion is Quarter 1 of financial year ending on March 31, 2025.Buy Or Sell Opportunity • Feb 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.6% to ₹334. The fair value is estimated to be ₹419, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.Reported Earnings • Jan 31Third quarter 2024 earnings released: ₹6.33 loss per share (vs ₹13.61 loss in 3Q 2023)Third quarter 2024 results: ₹6.33 loss per share (improved from ₹13.61 loss in 3Q 2023). Revenue: ₹1.07b (up 6.8% from 3Q 2023). Net loss: ₹82.8m (loss narrowed 54% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Jan 30Kaya Limited Announces CFO ChangesKaya Limited in its Board meeting held on January 30, 2024 appointed Arihant Dhariwal as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from February 29, 2024. Saurabh Shah, Chief Financial Officer and Key Managerial Personnel has resigned from the services of the Company. His last date with the Company would be February 28, 2024. The Company places on record its deep sense of appreciation for the services rendered by him and for his contributions to the Company. Arihant has over 12 years of experience across a wide spectrum of finance functions. He joined Kaya in December 2017 and was currently designated as Associate Vice President - Finance Controller. Arihant is presently responsible for various areas of the finance function including business finance, corporate finance, treasury and tax. Arihant is a Chartered Accountant.お知らせ • Jan 20Kaya Limited to Report Q3, 2024 Results on Jan 30, 2024Kaya Limited announced that they will report Q3, 2024 results on Jan 30, 2024お知らせ • Jan 15Kaya Limited Appoints Amrita Chowdhury as Head Human ResourcesKaya Limited informed that Ms. Amrita Chowdhury has been appointed as the Head Human Resources, forming part of the Senior Management of the Company, with effect from January 15, 2024. She has over 16 years of experience in Human Resource in QSR, Pharma, Biotech & Brand Consulting industry sectors. She has experience in the spectrum of Learning & Organisation Development, Talent Management, Employee Engagement, Employer Branding & Communication, HR Business Partnership, Performance Management & Compensation & Rewards. She has done her MBA from IISWBM Kolkata and holds a Masters in English Literature from Presidency College, Kolkata. She is not related to any of the Directors of the Company.Reported Earnings • Nov 02Second quarter 2024 earnings released: ₹8.76 loss per share (vs ₹12.67 loss in 2Q 2023)Second quarter 2024 results: ₹8.76 loss per share (improved from ₹12.67 loss in 2Q 2023). Revenue: ₹1.02b (up 11% from 2Q 2023). Net loss: ₹114.4m (loss narrowed 31% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Sep 22Kaya Limited Appoints Nishant Nayyar as VP and Head of MarketingKaya Limited announced that Nishant Nayyar has joined as Vice President and Head of Marketing. He has shared the information on his LinkedIn profile. Nayyar was earlier the Head of Marketing at Narayana Health. He joined the company in November 2021. Before joining Narayana, Nayyar was with DayToDay Health. In the past, he has worked with Credihealth and Pearl Academy.お知らせ • Sep 13Kaya Limited Announces Resignation of Samyukta Iyer as Head MarketingKaya Limited announced the resignation of Ms. Samyukta Iyer, Vice President & Head Marketing, designated as Senior Managerial Personnel of the Company.お知らせ • Jul 06Kaya Limited, Annual General Meeting, Jul 27, 2023Kaya Limited, Annual General Meeting, Jul 27, 2023, at 10:00 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon; and to appoint a Director in place of Mr. Rishabh Mariwala, Director (DIN: 03072284) who retires by rotation and being eligible seeks re-appointment.お知らせ • May 26Kaya Limited Proposes Business ReorganizationsKaya Limited announced that after weathering the disruptions created on account of the Covid-19 pandemic, the company use liberalization in the aforesaid foreign investment regulations as an opportunity to streamline and optimize its corporate structure in the GCC Countries. The company is now desirous of acquiring ownership rights in the clinics, located in the GCC Countries, by way of incorporation of new limited liability company ("LLC"); or acquisition of existing LLC(s) from local owner(s)/affiliates and/or converting the relationship with the local partners/affiliates into joint venture entities, which shall own one or more clinic(s) per LLC; or exiting from the existing arrangement. In this regard, the Company will enter into requisite arrangements with local owners/affiliates to implement an ownership structure or joint venture through DMCC or FZE, as the case maybe, subject to the receipt of applicable statutory and regulatory approvals. The said LLC(s) may be owned or controlled by the Kaya Entities, either singly as a wholly owned subsidiary(s) of the Kaya GCC Entities or as joint venture company(s) along with a joint venture partner. As part of the business reorganization proposal, upon incorporation or acquisition of the LLCs, the assets of respective clinics currently owned by Kaya GCC Entity(ies) shall be required to be transferred to and vested with such respective clinic- owning LLC(s). In this regard, Kaya GCC Entity(ies), may be required to sell, transfer, or otherwise dispose of its assets to the newly formed/acquired LLC's. After completion of the business reorganization, the Company through Kaya GCC Entities will operate clinics in the GCC Countries in the following manner: United Arab Emirates: FZE will operate clinics through its subsidiaries. In this regard, the Company will have 7 LLCs which will own and operate 15 clinics; Sultanate of Oman: FZE will operate 2 clinics through a joint venture entity; and Kingdom of Saudi Arabia: DMCC will operate 3 clinics through its subsidiaries.Reported Earnings • May 25Full year 2023 earnings released: ₹89.15 loss per share (vs ₹52.69 loss in FY 2022)Full year 2023 results: ₹89.15 loss per share (further deteriorated from ₹52.69 loss in FY 2022). Revenue: ₹3.81b (up 18% from FY 2022). Net loss: ₹1.16b (loss widened 69% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.お知らせ • May 25Kaya Limited Reports Impairment Charges for the Fourth Quarter Ended 31 March 2023Kaya Limited reported impairment charges for the fourth quarter ended 31 March 2023. For the period, the company reported Impairment losses on Property, Plant and Equipment of INR 4.181 million compared to INR 19.084 million a year ago. Impairment of goodwill was INR 283.607 million compared to INR 80.838 million a year ago.お知らせ • May 17Kaya Limited to Report Fiscal Year 2023 Results on May 24, 2023Kaya Limited announced that they will report fiscal year 2023 results on May 24, 2023お知らせ • Feb 04Kaya Limited Provides Impairment Charges for the Third Quarter of Fiscal 2023Kaya Limited provided impairment charges for the third quarter of fiscal 2023. For the period, the company reported impairment of goodwill of INR 44 million as compared to a loss of INR 82 million in third quarter of fiscal 2022.Reported Earnings • Feb 02Third quarter 2023 earnings released: ₹13.61 loss per share (vs ₹6.37 loss in 3Q 2022)Third quarter 2023 results: ₹13.61 loss per share (further deteriorated from ₹6.37 loss in 3Q 2022). Revenue: ₹1.02b (up 12% from 3Q 2022). Net loss: ₹177.9m (loss widened 114% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Jan 18Kaya Limited to Report Q3, 2023 Results on Feb 01, 2023Kaya Limited announced that they will report Q3, 2023 results on Feb 01, 2023Reported Earnings • Nov 05Second quarter 2023 earnings released: ₹12.67 loss per share (vs ₹3.55 loss in 2Q 2022)Second quarter 2023 results: ₹12.67 loss per share (further deteriorated from ₹3.55 loss in 2Q 2022). Revenue: ₹922.4m (up 11% from 2Q 2022). Net loss: ₹165.6m (loss widened 257% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Oct 18Kaya Limited to Report Q2, 2023 Results on Nov 03, 2022Kaya Limited announced that they will report Q2, 2023 results on Nov 03, 2022お知らせ • Jul 26Kaya Limited to Report Q1, 2023 Results on Aug 01, 2022Kaya Limited announced that they will report Q1, 2023 results on Aug 01, 2022Reported Earnings • Jul 13Full year 2022 earnings released: ₹52.69 loss per share (vs ₹29.10 loss in FY 2021)Full year 2022 results: ₹52.69 loss per share (down from ₹29.10 loss in FY 2021). Revenue: ₹3.24b (up 18% from FY 2021). Net loss: ₹688.4m (loss widened 81% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.お知らせ • Jul 11Kaya Limited, Annual General Meeting, Aug 01, 2022Kaya Limited, Annual General Meeting, Aug 01, 2022, at 09:30 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2022 together with the Reports of the Board of Directors and the Auditors thereon;to consider the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022 and the Report of the Auditors thereon;to appoint a Director in place of Mr. Rajen Mariwala, Director (DIN: 00007246) who retires by rotation and being eligible seeks re-appointment;to Reappoint Statutory Auditors of the Company;and to consider other matters.Reported Earnings • May 31Full year 2022 earnings released: ₹52.69 loss per share (vs ₹29.10 loss in FY 2021)Full year 2022 results: ₹52.69 loss per share (down from ₹29.10 loss in FY 2021). Revenue: ₹3.36b (up 22% from FY 2021). Net loss: ₹688.4m (loss widened 81% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.お知らせ • May 24Kaya Limited to Report Q4, 2022 Results on May 30, 2022Kaya Limited announced that they will report Q4, 2022 results on May 30, 2022Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: ₹6.37 loss per share (down from ₹0.16 profit in 3Q 2021). Revenue: ₹928.2m (up 5.6% from 3Q 2021). Net loss: ₹83.2m (down ₹85.3m from profit in 3Q 2021). Revenue missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.お知らせ • Feb 03Kaya Limited to Report Q3, 2022 Results on Feb 10, 2022Kaya Limited announced that they will report Q3, 2022 results on Feb 10, 2022Reported Earnings • Oct 30Second quarter 2022 earnings released: ₹3.55 loss per share (vs ₹3.12 loss in 2Q 2021)The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2022 results: Revenue: ₹890.6m (up 20% from 2Q 2021). Net loss: ₹46.4m (loss widened 14% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year.Reported Earnings • Aug 04First quarter 2022 earnings released: ₹11.00 loss per share (vs ₹24.32 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹690.3m (up 189% from 1Q 2021). Net loss: ₹143.7m (loss narrowed 55% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 22% per year.Reported Earnings • May 22Full year 2021 earnings released: ₹29.10 loss per share (vs ₹41.66 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹2.90b (down 26% from FY 2020). Net loss: ₹380.1m (loss narrowed 30% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS ₹0.16 (vs ₹16.02 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹899.9m (down 14% from 3Q 2020). Net income: ₹2.14m (up ₹211.5m from 3Q 2020). Profit margin: 0.2% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.お知らせ • Jan 22Kaya Limited to Report Q3, 2021 Results on Jan 29, 2021Kaya Limited announced that they will report Q3, 2021 results on Jan 29, 2021Is New 90 Day High Low • Jan 13New 90-day high: ₹343The company is up 59% from its price of ₹215 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 17% over the same period.Is New 90 Day High Low • Nov 12New 90-day high: ₹252The company is up 6.0% from its price of ₹238 on 14 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 6.0% over the same period.Reported Earnings • Nov 07Second quarter 2021 earnings released: ₹3.12 loss per shareThe company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: ₹777.6m (down 23% from 2Q 2020). Net loss: ₹40.8m (loss narrowed 57% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings.お知らせ • Aug 07Kaya Limited to Report Q1, 2021 Results on Aug 14, 2020Kaya Limited announced that they will report Q1, 2021 results on Aug 14, 2020お知らせ • Jun 19Kaya Limited Resumes OperationsKaya Limited announced that the business has resumed in May 2020 in UAE, the clinics in Saudi & Oman resumed operations by mid May 2020. In India, it resumed operations for 12 clinics in Bangalore and Hyderabad on June 1, 2020 after the announcement of unlock 1.0. It expect to scale up operations to 50 clinics by June 18, 2020. It expect all its clinics to be operational by end of July 2020. Its corporate office, being in Mumbai is likely to start functioning only by July 2020. Its manufacturing facilities were fully shut down along with its warehouses till mid May 2020 but have resumed operations slowly, albeit with restricted labor.株主還元539276IN Consumer ServicesIN 市場7D0.2%1.6%2.2%1Y-23.2%-13.2%0.06%株主還元を見る業界別リターン: 539276過去 1 年間で-13.2 % の収益を上げたIndian Consumer Services業界を下回りました。リターン対市場: 539276は、過去 1 年間で0.1 % のリターンを上げたIndian市場を下回りました。価格変動Is 539276's price volatile compared to industry and market?539276 volatility539276 Average Weekly Movement7.1%Consumer Services Industry Average Movement8.6%Market Average Movement7.2%10% most volatile stocks in IN Market10.3%10% least volatile stocks in IN Market4.8%安定した株価: 539276 、 Indian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 539276の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2002690n/awww.kaya.inKaya社はインドと中東でスキンケアとヘアケアのクリニックを所有、運営している。洗顔料、クレンジング、化粧水、保湿剤、クリーム、美容液、日焼け止め、キットやレジーム、ウェットティッシュなどのスキンケア製品、シャンプー、美容液、ヘアローション、ヘアオイル、ヘアマスクなどのヘアケア製品、バス＆ボディ製品を提供している。また、レーザーヘアー、サーマージュ、HIFU、ダーマフィラー、ケミカルピーリング、Qスイッチレーザー、美白・美肌トリートメントなどのスキンサービス、PRP GFトリートメント、PDOヘアスレッドトリートメント、バイオセルヘアセラピー、集中毛根療法、ヘアニュートリインフュージョンセラピーなどのヘアサービス、Kayaワンダートリートメント、CMスリム、ヴィーナスレガシー、クールスカルプティングなどのボディコントゥアリングサービスも提供している。同社はKayaの単独店舗、オンラインショップ、サードパーティーのアウトレットを通じて製品を販売している。Kaya社はBien-Etre社とパートナーシップを結び、DNAバイオマーカーとAIを利用した肌のパーソナライゼーション・プラットフォームを開発している。同社は2002年に設立され、インドのムンバイに本社を置いている。もっと見るKaya Limited 基礎のまとめKaya の収益と売上を時価総額と比較するとどうか。539276 基礎統計学時価総額₹3.73b収益（TTM）-₹961.73m売上高(TTM)₹2.22b1.7xP/Sレシオ-3.9xPER（株価収益率539276 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計539276 損益計算書（TTM）収益₹2.22b売上原価₹1.18b売上総利益₹1.04bその他の費用₹2.00b収益-₹961.73m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-63.32グロス・マージン46.85%純利益率-43.23%有利子負債／自己資本比率-106.8%539276 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 18:16終値2026/05/26 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kaya Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Amit KhuranaDolat Capital Market Pvt. Ltd.null nullDolat Capital Market Pvt. Ltd.
Reported Earnings • May 22Full year 2026 earnings released: ₹66.67 loss per share (vs ₹25.50 loss in FY 2025)Full year 2026 results: ₹66.67 loss per share (further deteriorated from ₹25.50 loss in FY 2025). Revenue: ₹2.31b (up 6.4% from FY 2025). Net loss: ₹961.7m (loss widened 188% from FY 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • May 14Kaya Limited to Report Q4, 2026 Results on May 20, 2026Kaya Limited announced that they will report Q4, 2026 results on May 20, 2026
Reported Earnings • Jan 29Third quarter 2026 earnings released: ₹23.41 loss per share (vs ₹8.70 loss in 3Q 2025)Third quarter 2026 results: ₹23.41 loss per share (further deteriorated from ₹8.70 loss in 3Q 2025). Revenue: ₹617.0m (up 6.2% from 3Q 2025). Net loss: ₹355.6m (loss widened 212% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 23Kaya Limited Announces Resignation of Nishant Nayyar as Vice President & Head of Marketing, Effective April 23, 2026Kaya Limited announced that Mr. Nishant Nayyar, Vice President & Head of Marketing, designated as Senior Managerial Personnel of the Company, has tendered his resignation from the said post due to personal reasons. The Company has accepted his resignation with effect from April 23, 2026. The resignation was communicated in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was formally communicated to the stock exchanges and internally via email, following the company's communication protocols. Nitika Dalmia, the Company Secretary & Compliance Officer, handled the formal communication of the resignation to the stock exchanges. Mr. Nayyar communicated his resignation internally via email to Saurav Jha, with a copy to Amrita Chowdhury. The resignation letter was enclosed for record-keeping and compliance purposes.
New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹924m). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹5.80b market cap, or US$63.4m).
お知らせ • Jan 16Kaya Limited to Report Q3, 2026 Results on Jan 28, 2026Kaya Limited announced that they will report Q3, 2026 results on Jan 28, 2026
Reported Earnings • May 22Full year 2026 earnings released: ₹66.67 loss per share (vs ₹25.50 loss in FY 2025)Full year 2026 results: ₹66.67 loss per share (further deteriorated from ₹25.50 loss in FY 2025). Revenue: ₹2.31b (up 6.4% from FY 2025). Net loss: ₹961.7m (loss widened 188% from FY 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • May 14Kaya Limited to Report Q4, 2026 Results on May 20, 2026Kaya Limited announced that they will report Q4, 2026 results on May 20, 2026
Reported Earnings • Jan 29Third quarter 2026 earnings released: ₹23.41 loss per share (vs ₹8.70 loss in 3Q 2025)Third quarter 2026 results: ₹23.41 loss per share (further deteriorated from ₹8.70 loss in 3Q 2025). Revenue: ₹617.0m (up 6.2% from 3Q 2025). Net loss: ₹355.6m (loss widened 212% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 23Kaya Limited Announces Resignation of Nishant Nayyar as Vice President & Head of Marketing, Effective April 23, 2026Kaya Limited announced that Mr. Nishant Nayyar, Vice President & Head of Marketing, designated as Senior Managerial Personnel of the Company, has tendered his resignation from the said post due to personal reasons. The Company has accepted his resignation with effect from April 23, 2026. The resignation was communicated in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was formally communicated to the stock exchanges and internally via email, following the company's communication protocols. Nitika Dalmia, the Company Secretary & Compliance Officer, handled the formal communication of the resignation to the stock exchanges. Mr. Nayyar communicated his resignation internally via email to Saurav Jha, with a copy to Amrita Chowdhury. The resignation letter was enclosed for record-keeping and compliance purposes.
New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹924m). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹5.80b market cap, or US$63.4m).
お知らせ • Jan 16Kaya Limited to Report Q3, 2026 Results on Jan 28, 2026Kaya Limited announced that they will report Q3, 2026 results on Jan 28, 2026
Reported Earnings • Nov 14Second quarter 2026 earnings released: ₹13.18 loss per share (vs ₹8.27 loss in 2Q 2025)Second quarter 2026 results: ₹13.18 loss per share (further deteriorated from ₹8.27 loss in 2Q 2025). Revenue: ₹582.7m (up 11% from 2Q 2025). Net loss: ₹187.6m (loss widened 73% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Nov 03Kaya Limited to Report Q2, 2026 Results on Nov 13, 2025Kaya Limited announced that they will report Q2, 2026 results on Nov 13, 2025
New Risk • Aug 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Negative equity (-₹1.4b). Earnings have declined by 14% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹6.46b market cap, or US$73.8m).
お知らせ • Aug 13Kaya Limited announced that it has received INR 750.000001 million in funding from Axana Estates LlpOn August 12, 2025, Kaya Limited closed the transaction. The company issued 20,90,068 Equity Shares of face value of INR 10 each at an issue price of INR 358.84 per equity share (including a premium of INR 348.84 per equity share),for gross proceeds of INR 75,00,00,001 on a preferential basis. The transaction included participation from Axana Estates LLP.
お知らせ • Jul 28Kaya Limited to Report Q1, 2026 Results on Aug 05, 2025Kaya Limited announced that they will report Q1, 2026 results on Aug 05, 2025
Reported Earnings • Jul 17Full year 2025 earnings released: ₹25.50 loss per share (vs ₹71.41 loss in FY 2024)Full year 2025 results: ₹25.50 loss per share (improved from ₹71.41 loss in FY 2024). Revenue: ₹2.17b (up 5.8% from FY 2024). Net loss: ₹333.7m (loss narrowed 64% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Jul 14Kaya Limited, Annual General Meeting, Aug 05, 2025Kaya Limited, Annual General Meeting, Aug 05, 2025, at 10:00 Indian Standard Time.
お知らせ • Jun 26Kaya Limited announced that it expects to receive INR 750.000001 million in funding from Axana Estates LlpKaya Limited announced a private placement to issue 2,090,068 shares at an issue price of INR 358.84 per share for gross proceeds of INR 750,000,001.12 on June 26, 2025. The transaction will include participation from new investor Axana Estates LLP with 13.74% stake post completion. The transaction has been approved by shareholders and is subject to general shareholders to be held on July 22, 2025.
Reported Earnings • May 29Full year 2025 earnings released: ₹25.50 loss per share (vs ₹98.91 loss in FY 2024)Full year 2025 results: ₹25.50 loss per share (improved from ₹98.91 loss in FY 2024). Revenue: ₹2.34b (down 42% from FY 2024). Net loss: ₹333.7m (loss narrowed 74% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • May 19Kaya Limited to Report Q4, 2025 Results on May 28, 2025Kaya Limited announced that they will report Q4, 2025 results on May 28, 2025
New Risk • Apr 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹1.4b). Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹3.76b market cap, or US$43.8m).
Reported Earnings • Jan 31Third quarter 2025 earnings released: ₹8.70 loss per share (vs ₹6.33 loss in 3Q 2024)Third quarter 2025 results: ₹8.70 loss per share (further deteriorated from ₹6.33 loss in 3Q 2024). Revenue: ₹581.2m (down 43% from 3Q 2024). Net loss: ₹113.8m (loss widened 38% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 17Kaya Limited to Report Nine Months, 2025 Results on Jan 28, 2025Kaya Limited announced that they will report nine months, 2025 results on Jan 28, 2025
Reported Earnings • Oct 30Second quarter 2025 earnings released: ₹8.27 loss per share (vs ₹8.76 loss in 2Q 2024)Second quarter 2025 results: ₹8.27 loss per share (improved from ₹8.76 loss in 2Q 2024). Revenue: ₹532.9m (down 47% from 2Q 2024). Net loss: ₹108.3m (loss narrowed 5.4% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 16Kaya Limited to Report Q2, 2025 Results on Oct 28, 2024Kaya Limited announced that they will report Q2, 2025 results on Oct 28, 2024
お知らせ • Oct 09Kaya Limited Announces Resignation of Rajiv Nair as Chief Executive Officer, Effective October 25, 2024Kaya Limited announced that Rajiv Nair, Chief Executive Officer and Key Managerial Personnel has resigned from the services of the Company with effect from the close of business hours of October 25, 2024. Reason: personal reasons and to further career goals.
Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Om Manchanda was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: ₹79.34 (vs ₹7.88 loss in 1Q 2024)First quarter 2025 results: EPS: ₹79.34 (up from ₹7.88 loss in 1Q 2024). Revenue: ₹744.5m (down 30% from 1Q 2024). Net income: ₹1.04b (up ₹1.14b from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Jul 29Kaya Limited to Report Q1, 2025 Results on Aug 06, 2024Kaya Limited announced that they will report Q1, 2025 results on Aug 06, 2024
お知らせ • Jul 16Kaya Limited, Annual General Meeting, Aug 06, 2024Kaya Limited, Annual General Meeting, Aug 06, 2024, at 10:00 Indian Standard Time.
New Risk • Jun 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹2.3b). Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Significant insider selling over the past 3 months (₹464m sold). Market cap is less than US$100m (₹4.25b market cap, or US$50.9m).
Reported Earnings • May 28Full year 2024 earnings released: ₹98.91 loss per share (vs ₹89.15 loss in FY 2023)Full year 2024 results: ₹98.91 loss per share (further deteriorated from ₹89.15 loss in FY 2023). Revenue: ₹4.17b (up 11% from FY 2023). Net loss: ₹1.29b (loss widened 11% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • May 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.9% to ₹334. The fair value is estimated to be ₹421, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.
お知らせ • May 19Kaya Limited to Report Fiscal Year 2024 Results on May 27, 2024Kaya Limited announced that they will report fiscal year 2024 results on May 27, 2024
Buy Or Sell Opportunity • Apr 23Now 20% undervaluedOver the last 90 days, the stock has risen 1.1% to ₹339. The fair value is estimated to be ₹425, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.
Buy Or Sell Opportunity • Apr 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to ₹336. The fair value is estimated to be ₹423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.
お知らせ • Mar 29Humania GCC Holding Limited entered into definitive agreement to acquire Kaya Middle East, DMCC from Kaya Limited (NSEI:KAYA) for AED 2.3 million.Humania GCC Holding Limited entered into definitive agreement to acquire Kaya Middle East, DMCC from Kaya Limited (NSEI:KAYA) for AED 2.3 million on March 27, 2024. Humania GCC will pay AED 2.3 million subject to customary adjustments for actual debt, actual working capital, gratuity payments to employees of the businesses being transferred and transaction related expenses and payables. Kaya Middle East, DMCC reported revenue of AED 9,372,160 and net worth of AED 11,190,375 during the last financial year March 31, 2023. The transaction is subject to receipt of necessary approvals including regulatory authorities and the shareholders of Kaya Limited and is expected to close in Quarter 2 of financial year ending on March 31, 2025.
お知らせ • Mar 28Humania GCC Holding Limited agreed to acquire Kaya Middle East FZE from Kaya Limited (NSEI:KAYA) for AED 30.7 million.Humania GCC Holding Limited agreed to acquire Kaya Middle East FZE from Kaya Limited (NSEI:KAYA) for AED 30.7 million on March 27, 2024. The consideration is subject to customary adjustments for actual debt, actual working capital, gratuity payments to employees of the businesses being transferred and transaction related expenses and payables. In related transaction, Humania GCC Holding Limited entered into definitive agreement to acquire Kaya Middle East, DMCC from Kaya Limited (NSEI:KAYA) for AED 2.3 million. Kaya Middle East FZE has revenues of AED 84.03 million and negative net worth of AED 17.319 million in financial year March 31, 2023. Upon completion of the transactions, Kaya DMCC will cease to be a wholly owned material subsidiary of the Company and Kaya FZE will cease to be a step-down material subsidiary of the Company. Transactions are subject to receipt of necessary approvals including those from regulatory authorities and the shareholders of the Company and expected date of completion is Quarter 1 of financial year ending on March 31, 2025.
Buy Or Sell Opportunity • Feb 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.6% to ₹334. The fair value is estimated to be ₹419, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 41%.
Reported Earnings • Jan 31Third quarter 2024 earnings released: ₹6.33 loss per share (vs ₹13.61 loss in 3Q 2023)Third quarter 2024 results: ₹6.33 loss per share (improved from ₹13.61 loss in 3Q 2023). Revenue: ₹1.07b (up 6.8% from 3Q 2023). Net loss: ₹82.8m (loss narrowed 54% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Jan 30Kaya Limited Announces CFO ChangesKaya Limited in its Board meeting held on January 30, 2024 appointed Arihant Dhariwal as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from February 29, 2024. Saurabh Shah, Chief Financial Officer and Key Managerial Personnel has resigned from the services of the Company. His last date with the Company would be February 28, 2024. The Company places on record its deep sense of appreciation for the services rendered by him and for his contributions to the Company. Arihant has over 12 years of experience across a wide spectrum of finance functions. He joined Kaya in December 2017 and was currently designated as Associate Vice President - Finance Controller. Arihant is presently responsible for various areas of the finance function including business finance, corporate finance, treasury and tax. Arihant is a Chartered Accountant.
お知らせ • Jan 20Kaya Limited to Report Q3, 2024 Results on Jan 30, 2024Kaya Limited announced that they will report Q3, 2024 results on Jan 30, 2024
お知らせ • Jan 15Kaya Limited Appoints Amrita Chowdhury as Head Human ResourcesKaya Limited informed that Ms. Amrita Chowdhury has been appointed as the Head Human Resources, forming part of the Senior Management of the Company, with effect from January 15, 2024. She has over 16 years of experience in Human Resource in QSR, Pharma, Biotech & Brand Consulting industry sectors. She has experience in the spectrum of Learning & Organisation Development, Talent Management, Employee Engagement, Employer Branding & Communication, HR Business Partnership, Performance Management & Compensation & Rewards. She has done her MBA from IISWBM Kolkata and holds a Masters in English Literature from Presidency College, Kolkata. She is not related to any of the Directors of the Company.
Reported Earnings • Nov 02Second quarter 2024 earnings released: ₹8.76 loss per share (vs ₹12.67 loss in 2Q 2023)Second quarter 2024 results: ₹8.76 loss per share (improved from ₹12.67 loss in 2Q 2023). Revenue: ₹1.02b (up 11% from 2Q 2023). Net loss: ₹114.4m (loss narrowed 31% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Sep 22Kaya Limited Appoints Nishant Nayyar as VP and Head of MarketingKaya Limited announced that Nishant Nayyar has joined as Vice President and Head of Marketing. He has shared the information on his LinkedIn profile. Nayyar was earlier the Head of Marketing at Narayana Health. He joined the company in November 2021. Before joining Narayana, Nayyar was with DayToDay Health. In the past, he has worked with Credihealth and Pearl Academy.
お知らせ • Sep 13Kaya Limited Announces Resignation of Samyukta Iyer as Head MarketingKaya Limited announced the resignation of Ms. Samyukta Iyer, Vice President & Head Marketing, designated as Senior Managerial Personnel of the Company.
お知らせ • Jul 06Kaya Limited, Annual General Meeting, Jul 27, 2023Kaya Limited, Annual General Meeting, Jul 27, 2023, at 10:00 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon; and to appoint a Director in place of Mr. Rishabh Mariwala, Director (DIN: 03072284) who retires by rotation and being eligible seeks re-appointment.
お知らせ • May 26Kaya Limited Proposes Business ReorganizationsKaya Limited announced that after weathering the disruptions created on account of the Covid-19 pandemic, the company use liberalization in the aforesaid foreign investment regulations as an opportunity to streamline and optimize its corporate structure in the GCC Countries. The company is now desirous of acquiring ownership rights in the clinics, located in the GCC Countries, by way of incorporation of new limited liability company ("LLC"); or acquisition of existing LLC(s) from local owner(s)/affiliates and/or converting the relationship with the local partners/affiliates into joint venture entities, which shall own one or more clinic(s) per LLC; or exiting from the existing arrangement. In this regard, the Company will enter into requisite arrangements with local owners/affiliates to implement an ownership structure or joint venture through DMCC or FZE, as the case maybe, subject to the receipt of applicable statutory and regulatory approvals. The said LLC(s) may be owned or controlled by the Kaya Entities, either singly as a wholly owned subsidiary(s) of the Kaya GCC Entities or as joint venture company(s) along with a joint venture partner. As part of the business reorganization proposal, upon incorporation or acquisition of the LLCs, the assets of respective clinics currently owned by Kaya GCC Entity(ies) shall be required to be transferred to and vested with such respective clinic- owning LLC(s). In this regard, Kaya GCC Entity(ies), may be required to sell, transfer, or otherwise dispose of its assets to the newly formed/acquired LLC's. After completion of the business reorganization, the Company through Kaya GCC Entities will operate clinics in the GCC Countries in the following manner: United Arab Emirates: FZE will operate clinics through its subsidiaries. In this regard, the Company will have 7 LLCs which will own and operate 15 clinics; Sultanate of Oman: FZE will operate 2 clinics through a joint venture entity; and Kingdom of Saudi Arabia: DMCC will operate 3 clinics through its subsidiaries.
Reported Earnings • May 25Full year 2023 earnings released: ₹89.15 loss per share (vs ₹52.69 loss in FY 2022)Full year 2023 results: ₹89.15 loss per share (further deteriorated from ₹52.69 loss in FY 2022). Revenue: ₹3.81b (up 18% from FY 2022). Net loss: ₹1.16b (loss widened 69% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
お知らせ • May 25Kaya Limited Reports Impairment Charges for the Fourth Quarter Ended 31 March 2023Kaya Limited reported impairment charges for the fourth quarter ended 31 March 2023. For the period, the company reported Impairment losses on Property, Plant and Equipment of INR 4.181 million compared to INR 19.084 million a year ago. Impairment of goodwill was INR 283.607 million compared to INR 80.838 million a year ago.
お知らせ • May 17Kaya Limited to Report Fiscal Year 2023 Results on May 24, 2023Kaya Limited announced that they will report fiscal year 2023 results on May 24, 2023
お知らせ • Feb 04Kaya Limited Provides Impairment Charges for the Third Quarter of Fiscal 2023Kaya Limited provided impairment charges for the third quarter of fiscal 2023. For the period, the company reported impairment of goodwill of INR 44 million as compared to a loss of INR 82 million in third quarter of fiscal 2022.
Reported Earnings • Feb 02Third quarter 2023 earnings released: ₹13.61 loss per share (vs ₹6.37 loss in 3Q 2022)Third quarter 2023 results: ₹13.61 loss per share (further deteriorated from ₹6.37 loss in 3Q 2022). Revenue: ₹1.02b (up 12% from 3Q 2022). Net loss: ₹177.9m (loss widened 114% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 18Kaya Limited to Report Q3, 2023 Results on Feb 01, 2023Kaya Limited announced that they will report Q3, 2023 results on Feb 01, 2023
Reported Earnings • Nov 05Second quarter 2023 earnings released: ₹12.67 loss per share (vs ₹3.55 loss in 2Q 2022)Second quarter 2023 results: ₹12.67 loss per share (further deteriorated from ₹3.55 loss in 2Q 2022). Revenue: ₹922.4m (up 11% from 2Q 2022). Net loss: ₹165.6m (loss widened 257% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 18Kaya Limited to Report Q2, 2023 Results on Nov 03, 2022Kaya Limited announced that they will report Q2, 2023 results on Nov 03, 2022
お知らせ • Jul 26Kaya Limited to Report Q1, 2023 Results on Aug 01, 2022Kaya Limited announced that they will report Q1, 2023 results on Aug 01, 2022
Reported Earnings • Jul 13Full year 2022 earnings released: ₹52.69 loss per share (vs ₹29.10 loss in FY 2021)Full year 2022 results: ₹52.69 loss per share (down from ₹29.10 loss in FY 2021). Revenue: ₹3.24b (up 18% from FY 2021). Net loss: ₹688.4m (loss widened 81% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
お知らせ • Jul 11Kaya Limited, Annual General Meeting, Aug 01, 2022Kaya Limited, Annual General Meeting, Aug 01, 2022, at 09:30 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2022 together with the Reports of the Board of Directors and the Auditors thereon;to consider the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022 and the Report of the Auditors thereon;to appoint a Director in place of Mr. Rajen Mariwala, Director (DIN: 00007246) who retires by rotation and being eligible seeks re-appointment;to Reappoint Statutory Auditors of the Company;and to consider other matters.
Reported Earnings • May 31Full year 2022 earnings released: ₹52.69 loss per share (vs ₹29.10 loss in FY 2021)Full year 2022 results: ₹52.69 loss per share (down from ₹29.10 loss in FY 2021). Revenue: ₹3.36b (up 22% from FY 2021). Net loss: ₹688.4m (loss widened 81% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
お知らせ • May 24Kaya Limited to Report Q4, 2022 Results on May 30, 2022Kaya Limited announced that they will report Q4, 2022 results on May 30, 2022
Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: ₹6.37 loss per share (down from ₹0.16 profit in 3Q 2021). Revenue: ₹928.2m (up 5.6% from 3Q 2021). Net loss: ₹83.2m (down ₹85.3m from profit in 3Q 2021). Revenue missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
お知らせ • Feb 03Kaya Limited to Report Q3, 2022 Results on Feb 10, 2022Kaya Limited announced that they will report Q3, 2022 results on Feb 10, 2022
Reported Earnings • Oct 30Second quarter 2022 earnings released: ₹3.55 loss per share (vs ₹3.12 loss in 2Q 2021)The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2022 results: Revenue: ₹890.6m (up 20% from 2Q 2021). Net loss: ₹46.4m (loss widened 14% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year.
Reported Earnings • Aug 04First quarter 2022 earnings released: ₹11.00 loss per share (vs ₹24.32 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹690.3m (up 189% from 1Q 2021). Net loss: ₹143.7m (loss narrowed 55% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 22% per year.
Reported Earnings • May 22Full year 2021 earnings released: ₹29.10 loss per share (vs ₹41.66 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹2.90b (down 26% from FY 2020). Net loss: ₹380.1m (loss narrowed 30% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS ₹0.16 (vs ₹16.02 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹899.9m (down 14% from 3Q 2020). Net income: ₹2.14m (up ₹211.5m from 3Q 2020). Profit margin: 0.2% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 22Kaya Limited to Report Q3, 2021 Results on Jan 29, 2021Kaya Limited announced that they will report Q3, 2021 results on Jan 29, 2021
Is New 90 Day High Low • Jan 13New 90-day high: ₹343The company is up 59% from its price of ₹215 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 17% over the same period.
Is New 90 Day High Low • Nov 12New 90-day high: ₹252The company is up 6.0% from its price of ₹238 on 14 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 6.0% over the same period.
Reported Earnings • Nov 07Second quarter 2021 earnings released: ₹3.12 loss per shareThe company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: ₹777.6m (down 23% from 2Q 2020). Net loss: ₹40.8m (loss narrowed 57% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 07Kaya Limited to Report Q1, 2021 Results on Aug 14, 2020Kaya Limited announced that they will report Q1, 2021 results on Aug 14, 2020
お知らせ • Jun 19Kaya Limited Resumes OperationsKaya Limited announced that the business has resumed in May 2020 in UAE, the clinics in Saudi & Oman resumed operations by mid May 2020. In India, it resumed operations for 12 clinics in Bangalore and Hyderabad on June 1, 2020 after the announcement of unlock 1.0. It expect to scale up operations to 50 clinics by June 18, 2020. It expect all its clinics to be operational by end of July 2020. Its corporate office, being in Mumbai is likely to start functioning only by July 2020. Its manufacturing facilities were fully shut down along with its warehouses till mid May 2020 but have resumed operations slowly, albeit with restricted labor.
