Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47.47 | 56.19 | 50.23 | 37.47 | 22.13 | 24.84 | 17.72 | 30.58 | 22.48 | 15.89 | 24.64 | 19.11 |
| Expenses | 49.89 | 53.38 | 55.32 | 40.96 | 30.66 | 31.01 | 19.71 | 30.39 | 25.98 | 20.22 | 27.57 | 23.85 |
| Operating Profit | -2.42 | 2.81 | -5.09 | -3.49 | -8.53 | -6.17 | -1.99 | 0.19 | -3.50 | -4.33 | -2.93 | -4.74 |
| OPM % | -5.10% | 5.00% | -10.13% | -9.31% | -38.54% | -24.84% | -11.23% | 0.62% | -15.57% | -27.25% | -11.89% | -24.80% |
| Other Income | 0.26 | 0.31 | 0.40 | 0.33 | 1.45 | 0.69 | 1.01 | 0.63 | 0.09 | 0.58 | 8.01 | 0.12 |
| Interest | 1.52 | 1.58 | 1.55 | 1.53 | 1.57 | 1.60 | 1.63 | 1.58 | 1.48 | 1.30 | 0.97 | 0.57 |
| Depreciation | 3.03 | 3.05 | 3.02 | 3.00 | 2.89 | 2.85 | 2.78 | 2.80 | 2.83 | 2.34 | 1.80 | 1.68 |
| Profit before tax | -6.71 | -1.51 | -9.26 | -7.69 | -11.54 | -9.93 | -5.39 | -3.56 | -7.72 | -7.39 | 2.31 | -6.87 |
| Tax % | -12.67% | -30.46% | -51.51% | -28.61% | -60.83% | -11.48% | -26.16% | -32.87% | -29.53% | -22.87% | 176.19% | 3.93% |
| Net Profit | -5.86 | -1.04 | -4.49 | -5.48 | -4.52 | -8.79 | -3.98 | -2.39 | -5.43 | -5.70 | -1.76 | -7.14 |
| EPS in Rs | -7.31 | -1.30 | -5.60 | -6.84 | -5.64 | -10.96 | -4.96 | -2.98 | -6.77 | -7.11 | -2.20 | -8.91 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 183 | 198 | 193 | 184 | 172 | 232 | 250 | 241 | 212 | 97 | 94 | 82 |
| Expenses | 141 | 166 | 166 | 177 | 164 | 184 | 219 | 241 | 216 | 117 | 104 | 98 |
| Operating Profit | 41 | 32 | 26 | 8 | 8 | 49 | 31 | -0 | -4 | -21 | -10 | -16 |
| OPM % | 23% | 16% | 14% | 4.2% | 4.8% | 21% | 12% | -0.1% | -1.8% | -21% | -11% | -19% |
| Other Income | 3 | 2 | 2 | 4 | 10 | -3 | 4 | 2 | 1 | 4 | 9 | 9 |
| Interest | 6 | 7 | 7 | 7 | 6 | 5 | 3 | 3 | 6 | 6 | 5 | 4 |
| Depreciation | 8 | 9 | 11 | 11 | 11 | 10 | 9 | 9 | 12 | 11 | 10 | 9 |
| Profit before tax | 30 | 18 | 11 | -5 | 1 | 30 | 22 | -11 | -21 | -35 | -16 | -20 |
| Tax % | 33% | 37% | 27% | -101% | 135% | 35% | 30% | -35% | -24% | -35% | -7% | |
| Net Profit | 20 | 11 | 8 | 0 | -0 | 19 | 16 | -7 | -16 | -23 | -15 | -20 |
| EPS in Rs | 24.84 | 14.21 | 9.92 | 0.09 | -0.40 | 24.02 | 19.51 | -9.03 | -19.57 | -28.40 | -19.07 | -24.99 |
| Dividend Payout % | 0% | 0% | 9% | 1,031% | -226% | 6% | 8% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -6% | -17% | -27% | -14% | ||
| Compounded Profit Growth | % | % | % | -23% | ||
| Stock Price CAGR | -11% | -22% | -33% | -44% | ||
| Return on Equity | -3% | -17% | -41% | -69% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 23 | 43 | 41 | 49 | 48 | 47 | 66 | 80 | 71 | 56 | 33 | 18 |
| Borrowings | 82 | 86 | 66 | 63 | 61 | 56 | 30 | 30 | 65 | 61 | 58 | 24 |
| Other Liabilities | 37 | 38 | 60 | 51 | 39 | 32 | 47 | 44 | 43 | 50 | 70 | 77 |
| Total Liabilities | 150 | 175 | 176 | 171 | 157 | 143 | 150 | 163 | 188 | 174 | 169 | 126 |
| Fixed Assets | 107 | 102 | 121 | 114 | 107 | 100 | 92 | 86 | 80 | 114 | 101 | 82 |
| CWIP | 0 | 21 | 0 | 0 | 0 | 0 | 0 | 9 | 41 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 0 |
| Other Assets | 43 | 53 | 55 | 55 | 48 | 41 | 56 | 64 | 63 | 55 | 64 | 44 |
| Total Assets | 150 | 175 | 176 | 171 | 157 | 143 | 150 | 163 | 188 | 174 | 169 | 126 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 18 | 25 | 34 | 26 | 8 | 12 | 38 | 9 | 6 | 16 | 5 | 1 |
| Cash from Investing Activity | 0 | -23 | -9 | -3 | -4 | -4 | -1 | -14 | -35 | -6 | 3 | 34 |
| Cash from Financing Activity | -17 | -2 | -18 | -24 | -9 | -5 | -29 | -4 | 30 | -10 | -8 | -35 |
| Net Cash Flow | 1 | -0 | 7 | -2 | -6 | 3 | 7 | -9 | 1 | -1 | -0 | 0 |
| Free Cash Flow | 18 | 1 | 26 | 23 | 8 | 9 | 35 | -4 | -29 | 9 | 7 | -4 |
| CFO/OP | 80% | 79% | 121% | 107% | 101% | 150% | 85% | 44% | -1,762% | -410% | -23% | -17% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 5 | 5 | 6 | 7 | 7 | 8 | 9 | 10 | 10 | 18 | 0 |
| Inventory Days | 433 | 465 | 351 | 398 | 222 | 237 | 329 | 287 | 461 | 281 | 626 | 217 |
| Days Payable | 420 | 338 | 293 | 331 | 205 | 184 | 156 | 117 | 232 | 286 | 1,298 | 896 |
| Cash Conversion Cycle | 17 | 131 | 63 | 73 | 23 | 61 | 181 | 180 | 239 | 5 | -654 | -679 |
| Working Capital Days | -70 | -44 | -98 | -82 | -84 | -108 | -14 | 7 | -6 | -42 | -190 | -232 |
| ROCE % | 17% | 27% | 20% | 16% | 1% | -0% | 38% | 23% | -6% | -11% | -28% | -25% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 67.18% | 67.18% | 67.18% | 67.18% | 67.18% |
| DIIs | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| Public | 25.03% | 25.05% | 25.05% | 25.05% | 25.05% | 25.04% | 25.03% | 32.78% | 32.78% | 32.77% | 32.78% | 32.79% |
| No. of Shareholders | 12,881 | 12,833 | 12,756 | 12,749 | 12,769 | 12,772 | 12,747 | 12,733 | 12,695 | 12,681 | 12,669 | 6,340 |
Fundamentals
Market Cap₹ 30.4 Cr.
Current Price₹ 37.9
Book Value₹ 32.0
ROCE-25.1 %
ROE-69.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-14%
Compounded Profit Growth (TTM)-23%
Standalone figures.
Valuation
Market capRs 32 Cr
Enterprise valueRs 55 Cr
Price to book1.26x
Price to sales0.39x
EV / sales0.67x
Price to cash flow27.92x
Earnings yield-61.84%
P/B, 3-year average1.44x
P/E, 5-year average8.91x
P/B, 5-year average1.46x
Profitability
Operating margin (excl. other income)-11.14%
Operating margin (incl. other income)-1.19%
EBITDA margin-8.16%
Pre-tax margin-23.95%
Net profit margin-24.39%
Net margin, latest quarter-37.36%
ROE-46.05%
ROCE-14.67%
ROA-10.36%
ROE, 3-year average-37.21%
ROCE, 3-year average-16.96%
ROA, 3-year average-10.76%
ROE, 5-year average-20.18%
ROCE, 5-year average-6.74%
ROA, 5-year average-5.28%
ROIC (approx.)-29.86%
Tax rate6.54%
Other income / net worth36.31%
Growth
Sales growth (latest year)-3.19%
Sales CAGR, 3 years-27.00%
Sales CAGR, 5 years-16.62%
Sales growth QoQ-22.44%
Sales growth YoY (latest quarter)-37.51%
Per share
EPS (TTM)Rs -24.99
EPS (latest year)Rs -19.07
EPS (latest quarter)Rs -8.91
EPS, 3-year averageRs -22.35
EPS, 5-year averageRs -11.31
Book value per shareRs 32.02
Sales per shareRs 102.44
Cash flow per shareRs 1.45
Free cash flow per shareRs -4.99
Dividend per share, 5-year averageRs 1.50
Dividends
Dividend payout, 5-year average7.67%
Efficiency
Asset turnover0.74x
Fixed asset turnover1.14x
Inventory turnover7.58x
Inventory days48 days
Creditor days896 days
Cash conversion cycle-679 days
Working capital days-232 days
Leverage
Total debtRs 24 Cr
Cash and bankRs 1 Cr
Net debtRs 22 Cr
Debt to equity0.92x
Interest coverage-3.55x
Owners' fund to total sources20.33%
Debt to assets18.72%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs 34 Cr
Cash from Financing Activity (latest year)Rs -35 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -39 Cr
Sales to cash flow80.68x
Statement figures
Net sales (TTM)Rs 82 Cr
Net sales (latest year)Rs 94 Cr
Sales (latest quarter)Rs 19 Cr
Operating profit excl. other income (latest year)Rs -10 Cr
Operating profit (latest quarter)Rs -5 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs -7 Cr
PBDT (TTM)Rs -11 Cr
Profit before tax (TTM)Rs -20 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs -20 Cr
Net profit (latest year)Rs -15 Cr
Net profit (latest quarter)Rs -7 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 83 Cr
Total expenditure (latest year)Rs 104 Cr
Total income (latest year)Rs 103 Cr
Share capitalRs 8 Cr
ReservesRs 18 Cr
Shareholders' fundsRs 26 Cr
Total assetsRs 126 Cr
Net blockRs 82 Cr
InventoryRs 11 Cr
Other liabilitiesRs 77 Cr
Shares outstanding (crore)0.80
Ownership
Promoter holding67.18% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.26 is at the 46th percentile (median 1.29).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 518011 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.6% | -2.8% | +0.2 pts |
| 1 month | +7.6% | -6.8% | +14.4 pts |
| 3 months | +6.3% | -7.6% | +13.9 pts |
| 3 years | -70.3% | +14.2% | -84.4 pts |
| 5 years | -73.1% | +27.9% | -100.9 pts |
Red flags
F-score 7 of 8| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹19 Cr -37.5% vs Jun 2025.
Net loss ₹7 Cr.
Activity
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|---|---|---|---|
| UltraTech Cement Ltd | 319,108 | 37.0 | 12.7 % |
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| J K Cements Ltd | 37,278 | 38.2 | 15.1 % |
| Dalmia Bharat Ltd | 30,712 | 28.0 | 7.59 % |
| ACC Ltd | 22,583 | 11.9 | 11.2 % |
| The Ramco Cements Ltd | 19,949 | 105 | 6.13 % |
| JSW Cement Ltd | 15,349 | 19.5 | 11.1 % |
| Nuvoco Vistas Corporation Ltd | 11,793 | 28.4 | 6.99 % |
| India Cements Ltd | 9,412 | 69.7 | 1.24 % |
| Star Cement Ltd | 7,198 | 19.0 | 16.6 % |
| Birla Corporation Ltd | 6,545 | 11.7 | 9.78 % |
| JK Lakshmi Cement Ltd | 6,085 | 15.8 | 12.0 % |
| Prism Johnson Ltd | 5,500 | 46.9 | 5.92 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Keerthi Industries Ltd?
Keerthi Industries Ltd (518011) has a market capitalisation of Rs 30.4 Cr. at the 2026-10-01 close.
What were Keerthi Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Keerthi Industries Ltd sales was Rs 19 Cr (-37.5% vs Jun 2025) with a net loss of Rs 7 Cr.