MarketFriction

Kiri Industries Ltd

NSE KIRIINDUS · BSE 532967 · Dyes And Pigments
₹544.60 +0.61%
NSE close2026-10-01
52 week range333.80 - 779.00
Market cap₹3,541 Cr.
P/E4.40
Price band 20% Delivery 52.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales231160269183173179205202213174250312
Expenses240180264183178223210218227222393296
Operating Profit-10-2150-5-44-5-16-14-49-14216
OPM %-4.3%-13%1.9%0.1%-2.7%-25%-2.5%-8%-6%-28%-57%5%
Other Income2861439263515,95666286
Interest568518505460616781
Depreciation121112111111111212121212
Profit before tax-26-30-9-2-31-14-64-53-855,829-97289
Tax %5%-3%89%-48%-3%1%-0%-2%-7%14%-615%6%
Net Profit19135-109280177-8510205,023514291
EPS in Rs3.6325.96-1.8517.7915.4931.80-15.221.823.27836.6985.7544.54
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0301,1251,1171,3941,3059571,497945949740840950
Expenses9179669361,1631,1198741,3769839617949391,139
Operating Profit11315918123118683121-37-12-54-99-189
OPM %11%14%16%17%14%9%8%-4.0%-1.3%-7%-12%-20%
Other Income1715923392652333382152304886,1246,308
Interest74935545623127195137
Depreciation272934384446504949454747
Profit before tax302793761984022654041221462625,7825,935
Tax %13%5%5%17%7%5%4%13%9%-1%4%
Net Profit1962663581643762523891071332655,5675,847
EPS in Rs73.7195.40118.3852.36111.6975.1075.0020.5825.6647.59927.40970.25
Dividend Payout %0%0%0%4%0%1%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-2%-3%-4%25%
Compounded Profit Growth%%%340%
Stock Price CAGR5%1%26%-2%
Return on Equity8%3%0%-9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232728303134345252525660
Reserves4206141,0051,3451,5341,8972,1472,5212,6272,7603,1916,376
Borrowings79142918420516715315296491221,12442
Other Liabilities321270257245327321367406477478355561
Total Liabilities1,5561,3391,4731,8242,0582,4042,7003,0743,2053,4114,7257,039
Fixed Assets3683333764124845125635465104708061,067
CWIP89636323879586372736342
Investments3945687179489541,2141,4451,7811,9922,2133,1523,341
Other Assets7054333444335825996346856306557052,589
Total Assets1,5561,3391,4731,8242,0582,4042,7003,0743,2053,4114,7257,039
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-8322620664141124729289-61-3424,555
Cash from Investing Activity-247-212-105-66-119-104-70-29-180-842-3,050
Cash from Financing Activity3251-1192-16-27-7-57-56501,194-966
Net Cash Flow-616-1906-7-5614-119539
Free Cash Flow-133181102-12611-55566-69-7494,268
CFO/OP-81%204%134%43%77%92%130%94%-292%384%634%-4,643%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days18490487066901267081885445
Inventory Days5642396369651049010510711196
Days Payable8596878981100158119213210154205
Cash Conversion Cycle15536-04455557241-27-1611-64
Working Capital Days1302195439404923-14-394121
ROCE %7%9%25%27%12%21%12%16%5%6%10%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters26.72%26.72%26.72%26.72%26.72%31.72%31.72%31.72%36.72%36.72%36.72%41.71%
FIIs46.35%45.73%24.65%39.73%33.37%25.98%25.94%23.79%22.25%19.67%18.32%16.75%
DIIs0.54%0.56%0.48%0.34%1.11%1.22%1.20%1.25%0.85%0.37%1.28%1.29%
Public26.40%27.00%48.16%33.21%38.80%41.08%41.15%43.25%40.20%43.26%43.68%40.25%
No. of Shareholders32,60030,28530,81032,06732,32933,70334,65137,44834,59334,01339,69740,252

Fundamentals

Market Cap₹ 3,541 Cr.
Current Price₹ 543
Stock P/E4.40
Book Value₹ 1,072
ROCE3.40 %
ROE-9.09 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)340%
Consolidated figures.
Valuation
Market capRs 3,269 Cr
Enterprise valueRs 2,256 Cr
P/E (TTM)0.56x
Price to book0.51x
Price to sales3.44x
EV / EBITDA0.37x
EV / EBIT0.37x
EV / sales2.37x
Price to cash flow0.72x
Earnings yield178.86%
P/E, 3-year average8.42x
P/B, 3-year average0.65x
P/E, 5-year average9.11x
P/B, 5-year average0.70x
Profitability
Operating margin (excl. other income)-11.85%
Operating margin (incl. other income)717.45%
EBITDA margin644.25%
Pre-tax margin624.85%
Net profit margin615.50%
Net margin, latest quarter92.92%
ROE114.98%
ROCE110.19%
ROA94.63%
ROE, 3-year average42.85%
ROCE, 3-year average42.27%
ROA, 3-year average35.05%
ROE, 5-year average29.80%
ROCE, 5-year average29.59%
ROA, 5-year average24.41%
ROIC (approx.)107.81%
Tax rate3.72%
Other income / net worth95.14%
Growth
Sales growth (latest year)13.46%
Profit growth (latest year)2002.63%
Sales CAGR, 3 years-3.87%
Sales CAGR, 5 years-2.58%
Profit CAGR, 3 years273.70%
Profit CAGR, 5 years85.64%
Sales growth QoQ24.69%
Profit growth QoQ-43.61%
Sales growth YoY (latest quarter)54.54%
Profit growth YoY (latest quarter)2762.33%
Per share
EPS (TTM)Rs 974.07
EPS (latest year)Rs 927.40
EPS (latest quarter)Rs 48.36
EPS, 3-year averageRs 333.55
EPS, 5-year averageRs 219.25
Book value per shareRs 1,072.32
Sales per shareRs 158.26
Cash flow per shareRs 758.88
Free cash flow per shareRs 711.07
Efficiency
Asset turnover0.12x
Fixed asset turnover0.79x
Inventory turnover4.69x
Inventory days78 days
Debtor days45 days
Debtors turnover8.07x
Creditor days205 days
Cash conversion cycle-64 days
Working capital days21 days
Leverage
Total debtRs 42 Cr
Cash and bankRs 1,055 Cr
Net debtRs -1,013 Cr
Debt to equity0.01x
Net debt / EBITDA-0.17x
Interest coverage44.30x
Current ratio (filing 2026-03-31)8.72x
Quick ratio (filing 2026-03-31)8.41x
Trade payables (filing 2026-03-31)Rs 363 Cr
Owners' fund to total sources91.44%
Debt to assets0.59%
Cash flow
Cash from Operating Activity (latest year)Rs 4,555 Cr
Cash from Investing Activity (latest year)Rs -3,050 Cr
Cash from Financing Activity (latest year)Rs -966 Cr
Net Cash Flow (latest year)Rs 539 Cr
Free cash flow (latest year)Rs 4,268 Cr
FCFE (approx.: FCF + change in debt)Rs 3,186 Cr
Cash from ops / profit, 5 years0.67x
Sales to cash flow0.18x
Statement figures
Net sales (TTM)Rs 950 Cr
Net sales (latest year)Rs 840 Cr
Sales (latest quarter)Rs 312 Cr
Operating profit excl. other income (latest year)Rs -99 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 6,308 Cr
EBITDA (TTM)Rs 6,120 Cr
PBDT (TTM)Rs 5,983 Cr
Profit before tax (TTM)Rs 5,935 Cr
Tax (latest year)Rs 215 Cr
Net profit (TTM)Rs 5,847 Cr
Net profit (latest year)Rs 5,566 Cr
Net profit (latest quarter)Rs 290 Cr
Depreciation (TTM)Rs 47 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 137 Cr
Cost of goods sold (latest year)Rs 795 Cr
Total expenditure (latest year)Rs 939 Cr
Total income (latest year)Rs 6,963 Cr
Share capitalRs 60 Cr
ReservesRs 6,376 Cr
Shareholders' fundsRs 6,436 Cr
Total assetsRs 7,039 Cr
Net blockRs 1,067 Cr
Capital work in progressRs 42 Cr
InvestmentsRs 3,341 Cr
ReceivablesRs 104 Cr
InventoryRs 169 Cr
Other liabilitiesRs 561 Cr
Shares outstanding (crore)6.00
Ownership
Promoter holding41.71% (+9.99 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 0.6 is at the 6th percentile of its own 9.4-year range (median 10.7, low 0.4, high 35.7).
P/B 0.51 is at the 4th percentile (median 1.32).
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.
PeriodKIRIINDUSNifty 50Difference
1 week-2.7%-2.8% +0.0 pts
1 month+5.6%-6.8% +12.3 pts
3 months+42.7%-7.6% +50.3 pts
6 months+61.0%+0.4% +60.6 pts
1 year-5.4%-9.9% +4.5 pts
2 years+54.6%-13.6% +68.1 pts
3 years+101.0%+14.2% +86.9 pts
5 years+7.5%+27.9% -20.4 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0 +0%

Red flags

F-score 4 of 8
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
lookProfit leans on other income Other income was 106% of pre-tax profit in 2026
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 2026
Sales ₹312 Cr +54.5% vs Jun 2025. Net profit ₹291 Cr +2810.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-18Annual General Meeting
2022-09-21Annual General Meeting
2021-09-23 Annual General Meeting
2020-09-17 Dividend - Rs 0.50 Per Share
2019-09-18 Annual General Meeting/Dividend - Rs 2 Per Share
2018-09-18 Annual General Meeting
2017-09-20 Annual General Meeting
2016-09-14 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-16Annual General Meeting
2012-09-24Annual General Meeting
2011-09-22Dividend-Rs.1.50 Per Share
2010-09-23Annual General Meeting And Dividend Rs.1.50 Per Share
2009-09-22Dividend-Rs.1.50 Pr Share
2008-09-08Agm/Dividend - 15%
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
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 Kiri Industries Ltd?

Kiri Industries Ltd (KIRIINDUS) has a market capitalisation of Rs 3,541 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kiri Industries Ltd?

Kiri Industries Ltd trades at a P/E of 4.40 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kiri Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Kiri Industries Ltd sales was Rs 312 Cr (+54.5% vs Jun 2025) and net profit was Rs 291 Cr.

What is the 52-week high and low of Kiri Industries Ltd?

The 52-week high is Rs 779.00 and the 52-week low is Rs 333.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03