Price
Financials
Standalone, Rs crore| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 52 | 46 | 68 | 48 | 64 | 65 | 58 |
| Expenses | 46 | 35 | 55 | 39 | 49 | 49 | 42 |
| Operating Profit | 6 | 10 | 13 | 9 | 14 | 16 | 15 |
| OPM % | 11% | 23% | 19% | 19% | 22% | 25% | 26% |
| Other Income | 0 | 1 | 0 | 1 | 1 | 2 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 10 | 12 | 9 | 13 | 17 | 15 |
| Tax % | 25% | 27% | 25% | 25% | 24% | 26% | 22% |
| Net Profit | 4 | 7 | 9 | 7 | 10 | 12 | 12 |
| EPS in Rs | 2.75 | 5.32 | 6.01 | 4.60 | 6.82 | 8.24 | 7.81 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 58 | 25 | 35 | 50 | 63 | 106 | 190 | 245 | 234 |
| Expenses | 52 | 21 | 30 | 43 | 54 | 90 | 158 | 192 | 180 |
| Operating Profit | 6 | 4 | 5 | 7 | 9 | 16 | 31 | 53 | 55 |
| OPM % | 10% | 16% | 14% | 14% | 14% | 15% | 16% | 22% | 23% |
| Other Income | 1 | 1 | 1 | 0 | 1 | 1 | 3 | 3 | 4 |
| Interest | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 4 |
| Profit before tax | 3 | 1 | 3 | 4 | 7 | 13 | 30 | 51 | 54 |
| Tax % | 28% | 34% | 26% | 30% | 21% | 26% | 26% | 25% | |
| Net Profit | 2 | 1 | 2 | 2 | 5 | 10 | 22 | 38 | 41 |
| EPS in Rs | 4.90 | 1.79 | 4.62 | 2.93 | 4.63 | 7.14 | 15.67 | 25.53 | 27.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 5% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 48% | 57% | 29% | ||
| Compounded Profit Growth | % | 81% | 93% | 73% | ||
| Stock Price CAGR | % | % | 53% | 25% | ||
| Return on Equity | % | 19% | 20% | 24% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 8 | 11 | 14 | 14 | 15 |
| Reserves | 11 | 12 | 14 | 16 | 29 | 93 | 117 | 175 |
| Borrowings | 27 | 26 | 26 | 23 | 19 | 9 | 10 | 2 |
| Other Liabilities | 23 | 20 | 13 | 21 | 25 | 18 | 22 | 21 |
| Total Liabilities | 66 | 61 | 56 | 68 | 85 | 133 | 164 | 214 |
| Fixed Assets | 10 | 10 | 10 | 14 | 12 | 15 | 23 | 34 |
| CWIP | 0 | 2 | 3 | 0 | 2 | 0 | 2 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 7 |
| Other Assets | 55 | 49 | 43 | 54 | 70 | 119 | 134 | 170 |
| Total Assets | 66 | 61 | 56 | 68 | 85 | 133 | 164 | 214 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | 7 | 2 | 4 | -7 | -3 | -11 | 86 |
| Cash from Investing Activity | -8 | -4 | -0 | -4 | 1 | -37 | 5 | -92 |
| Cash from Financing Activity | 5 | -3 | -2 | -1 | 6 | 45 | 1 | 11 |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | 5 | -5 | 6 |
| Free Cash Flow | -1 | 4 | -1 | 2 | -10 | -6 | -23 | 66 |
| CFO/OP | 68% | 199% | 47% | 64% | -65% | -3% | -10% | 189% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 199 | 179 | 138 | 161 | 155 | 90 | 36 | 52 |
| Inventory Days | 106 | 1,195 | 343 | 271 | 313 | 210 | 270 | 47 |
| Days Payable | 162 | 622 | 151 | 241 | 248 | 86 | 30 | 19 |
| Cash Conversion Cycle | 143 | 752 | 330 | 191 | 219 | 214 | 276 | 80 |
| Working Capital Days | 54 | 88 | 100 | 19 | 122 | 138 | 140 | 53 |
| ROCE % | 8% | 11% | 12% | 15% | 17% | 24% | 31% |
| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | May 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.38% | 73.37% | 73.38% | 68.33% | 62.27% | 62.27% | 62.27% | 59.96% | 60.02% | 60.02% | 59.96% | 59.90% |
| FIIs | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.04% | 0.04% | 0.24% | 0.16% | 0.61% | 1.36% |
| DIIs | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.68% | 1.20% | 2.06% | 1.32% |
| Public | 26.52% | 26.62% | 26.35% | 31.67% | 37.73% | 37.73% | 37.70% | 40.01% | 39.07% | 38.62% | 37.37% | 37.41% |
| No. of Shareholders | 536 | 556 | 831 | 1,303 | 1,712 | 2,929 | 4,131 | 4,137 | 4,656 | 5,409 | 12,910 | 18,720 |
Fundamentals
Market Cap₹ 1,514 Cr.
Current Price₹ 1,013
Stock P/E36.9
Book Value₹ 127
ROCE31.1 %
ROE23.7 %
Dividend Yield0.12 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)29%
Compounded Profit Growth (TTM)73%
Standalone figures.
Valuation
Market capRs 1,372 Cr
Enterprise valueRs 1,337 Cr
P/E (TTM)50.84x
Price to book12.89x
Price to sales6.43x
EV / EBITDA33.31x
EV / EBIT36.23x
EV / sales6.26x
Earnings yield1.97%
P/E, 3-year average39.31x
P/B, 3-year average4.17x
P/E, 5-year average39.31x
P/B, 5-year average4.17x
Profitability
Operating margin (excl. other income)14.88%
Operating margin (incl. other income)16.06%
EBITDA margin18.80%
Pre-tax margin16.96%
Net profit margin12.64%
Net margin, latest quarter14.19%
ROE13.29%
ROCE16.99%
ROA8.97%
ROE, 3-year average13.76%
ROCE, 3-year average14.80%
ROA, 3-year average6.63%
ROE, 5-year average11.48%
ROCE, 5-year average12.54%
ROA, 5-year average4.87%
ROIC (approx.)38.22%
Tax rate25.74%
Other income / net worth1.17%
Growth
Sales growth (latest year)67.65%
Profit growth (latest year)84.72%
Sales CAGR, 3 years44.84%
Sales CAGR, 5 years12.82%
Profit CAGR, 3 years71.52%
Profit CAGR, 5 years36.58%
Sales growth QoQ-28.79%
Profit growth QoQ-21.87%
Per share
EPS (TTM)Rs 19.69
EPS (latest year)Rs 7.14
EPS (latest quarter)Rs 5.01
EPS, 3-year averageRs 4.90
EPS, 5-year averageRs 4.22
Book value per shareRs 77.66
Sales per shareRs 155.75
Cash flow per shareRs -2.36
Free cash flow per shareRs 48.16
Efficiency
Asset turnover0.80x
Fixed asset turnover7.26x
Inventory turnover2.13x
Inventory days171 days
Debtor days90 days
Debtors turnover4.07x
Creditor days19 days
Cash conversion cycle80 days
Working capital days53 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 44 Cr
Net debtRs -35 Cr
Debt to equity0.09x
Net debt / EBITDA-0.87x
Interest coverage53.48x
Current ratio (filing 2026-03-31)3.99x
Quick ratio (filing 2026-03-31)3.26x
Trade payables (filing 2026-03-31)Rs 7 Cr
Owners' fund to total sources79.73%
Debt to assets7.06%
Cash flow
Cash from Operating Activity (latest year)Rs -3 Cr
Cash from Investing Activity (latest year)Rs -37 Cr
Cash from Financing Activity (latest year)Rs 45 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs 66 Cr
FCFE (approx.: FCF + change in debt)Rs 57 Cr
Cash from ops / profit, 5 years0.90x
Statement figures
Net sales (TTM)Rs 213 Cr
Net sales (latest year)Rs 106 Cr
Sales (latest quarter)Rs 48 Cr
Operating profit excl. other income (latest year)Rs 16 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 40 Cr
PBDT (TTM)Rs 39 Cr
Profit before tax (TTM)Rs 36 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 27 Cr
Net profit (latest year)Rs 10 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 69 Cr
Total expenditure (latest year)Rs 90 Cr
Total income (latest year)Rs 107 Cr
Share capitalRs 14 Cr
ReservesRs 93 Cr
Shareholders' fundsRs 106 Cr
Total assetsRs 133 Cr
Net blockRs 15 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 26 Cr
InventoryRs 32 Cr
Other liabilitiesRs 18 Cr
Shares outstanding (crore)1.37
Ownership
Promoter holding59.90% (-0.06 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 50.8 is the lowest in its own 4.0-year history
(median 211.4, low 50.8, high 398.6).
P/B 12.89 is at the 18th percentile (median 26.38).
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 | KRISHNADEF | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.4% | -2.8% | +1.3 pts |
| 1 month | -0.1% | -6.8% | +6.7 pts |
| 3 months | -20.1% | -7.6% | -12.5 pts |
| 6 months | +24.3% | +0.4% | +23.9 pts |
| 1 year | +19.9% | -9.9% | +29.8 pts |
| 2 years | +39.0% | -13.6% | +52.6 pts |
| 3 years | +254.4% | +14.2% | +240.2 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -37% of net profit over the last 3 years |
| explain | Share dilution Share count up 20% in a year, 226% in three |
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 ₹58 Cr -14.7% vs Jun 2025.
Net profit ₹12 Cr +33.3%.
Against our estimate for Jun 2026: sales -35.5%, profit -11.6%. Our estimate for Sep 2026: sales Rs 54 Cr, profit Rs 9 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Hindustan Aeronautics Ltd | 304,246 | 32.6 | 32.0 % |
| Bharat Electronics Ltd | 283,437 | 46.1 | 36.4 % |
| Bharat Dynamics Ltd | 39,776 | 76.4 | 13.9 % |
| Garden Reach Shipbuilders & Engineers Ltd | 25,271 | 31.6 | 42.8 % |
| Data Patterns (India) Ltd | 23,634 | 87.4 | 21.9 % |
| Sigma Advanced System Ltd | 18,554 | 112 | 11.7 % |
| Aequs Ltd | 18,217 | 1.69 % | |
| Astra Microwave Products Ltd | 15,691 | 83.0 | 20.3 % |
| Apollo Micro Systems Ltd | 14,961 | 123 | 14.5 % |
| Zen Technologies Ltd | 14,625 | 80.5 | 16.2 % |
| Paras Defence and Space Technologies Ltd | 10,678 | 115 | 17.2 % |
| AXISCADES Technologies Ltd | 8,793 | 268 | 15.4 % |
| Unimech Aerospace and Manufacturing Ltd | 8,526 | 118 | 11.2 % |
| Mishra Dhatu Nigam Ltd | 7,851 | 58.5 | 11.4 % |
| Cyient DLM Ltd | 7,312 | 89.1 | 9.90 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-08 | Dividend - Rs 1.25 Per Share |
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 Krishna Defence & Allied Industries Ltd?
Krishna Defence & Allied Industries Ltd (KRISHNADEF) has a market capitalisation of Rs 1,514 Cr. at the 2026-10-01 close.
What is the P/E ratio of Krishna Defence & Allied Industries Ltd?
Krishna Defence & Allied Industries Ltd trades at a P/E of 36.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Krishna Defence & Allied Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Krishna Defence & Allied Industries Ltd sales was Rs 58 Cr (-14.7% vs Jun 2025) and net profit was Rs 12 Cr.
What is the 52-week high and low of Krishna Defence & Allied Industries Ltd?
The 52-week high is Rs 1,400.00 and the 52-week low is Rs 665.00.