Kiri Industries
KIRIINDUS NSE
Kiri Industries
ChemicalsNSE: KIRIINDUS BSE: 532967 Dyes & Pigments
Key Fundamentals
MicrocapDyes & PigmentsChemicalsMarket Cap
₹3,398 Cr
Volatility
Moderate
P/E Ratio
0.55
EBITDA
₹-221 Cr
Return on Equity
8.15%
Debt to Equity
0.01
Book Value
₹1,016.79
EPS
₹41.24
52W High
₹779
52W Low
₹333.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
6- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.50 times its book value
- Company is expected to give good quarter
- Debtor days have improved from 62.2 to 45.2 days.
- Promoter holding has increased by 4.99% over last quarter.
Weaknesses
8- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.58% over past five years.
- Company has a low return on equity of 2.75% over last 3 years.
- Contingent liabilities of Rs.1,494 Cr.
- Earnings include an other income of Rs.6,308 Cr.
- Company's cost of borrowing seems high
- Working capital days have increased from 450 days to 1,349 days
Growth Rate
Revenue Growth
-1.78% higher than
3Y
Net Income Growth
—
Cash Flow Change
-464% higher than
3Y
ROE
72.3% higher than
3Y
ROCE
46.3% lower than
3Y
EBITDA Margin (Avg.)
-145% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | 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 | 227 | 231 | 160 | 269 | 183 | 173 | 179 | 205 | 202 | 213 | 174 | 250 | 312 |
| Expenses | 226 | 240 | 180 | 264 | 183 | 178 | 223 | 210 | 218 | 227 | 222 | 393 | 296 |
| Operating Profit | 2 | -10 | -21 | 5 | 0 | -5 | -44 | -5 | -16 | -14 | -49 | -142 | 16 |
| OPM % | 0.8% | -4.3% | -13% | 1.9% | 0.1% | -2.7% | -25% | -2.5% | -8% | -6% | -28% | -57% | 5% |
| Other Income | 1 | 2 | 8 | 6 | 14 | 3 | 92 | 6 | 35 | 1 | 5,956 | 66 | 286 |
| Interest | 4 | 5 | 6 | 8 | 5 | 18 | 50 | 54 | 60 | 61 | 67 | 8 | 1 |
| Depreciation | 12 | 12 | 11 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 |
| PBT | -13 | -26 | -30 | -9 | -2 | -31 | -14 | -64 | -53 | -85 | 5,829 | -97 | 289 |
| Tax % | 18% | 5% | -3% | 89% | -48% | -3% | 1% | 0% | -2% | -7% | 14% | -615% | 6% |
| Net Profit | -3 | 19 | 135 | -10 | 92 | 80 | 177 | -85 | 10 | 20 | 5,023 | 514 | 291 |
| EPS in Rs | -0.49 | 3.63 | 25.96 | -1.85 | 17.79 | 15.49 | 31.8 | -15.22 | 1.82 | 3.27 | 837 | 85.75 | 44.54 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 931 | 1,030 | 1,125 | 1,117 | 1,394 | 1,305 | 957 | 1,497 | 945 | 949 | 740 | 840 | 950 |
| Expenses | 831 | 917 | 966 | 936 | 1,163 | 1,119 | 874 | 1,376 | 983 | 961 | 794 | 1,061 | 1,139 |
| Operating Profit | 100 | 113 | 159 | 181 | 231 | 186 | 83 | 121 | -37 | -12 | -54 | -221 | -189 |
| OPM % | 11% | 11% | 14% | 16% | 17% | 14% | 9% | 8% | -4% | -1.3% | -7% | -26% | -20% |
| Other Income | 2 | 17 | 159 | 233 | 9 | 265 | 233 | 338 | 215 | 230 | 488 | 6,057 | 6,308 |
| Interest | 86 | 74 | 9 | 3 | 5 | 5 | 4 | 5 | 6 | 23 | 127 | 195 | 137 |
| Depreciation | 28 | 27 | 29 | 34 | 38 | 44 | 46 | 50 | 49 | 49 | 45 | 47 | 47 |
| PBT | -13 | 30 | 279 | 376 | 198 | 402 | 265 | 404 | 122 | 146 | 262 | 5,594 | 5,935 |
| Tax % | 22% | 13% | 5% | 5% | 17% | 7% | 5% | 4% | 13% | 9% | -1% | 4% | — |
| Net Profit | 182 | 196 | 266 | 358 | 164 | 376 | 252 | 389 | 107 | 133 | 265 | 5,567 | 5,847 |
| EPS in Rs | 79.88 | 73.71 | 95.4 | 118 | 52.36 | 112 | 75.1 | 75 | 20.58 | 25.66 | 47.59 | 927 | 970 |
| Div. Payout % | 0% | 0% | 0% | 0% | 4% | 0% | 1% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 23 | 27 | 28 | 30 | 31 | 34 | 34 | 52 | 52 | 52 | 56 | 60 |
| Reserves | 420 | 614 | 1,005 | 1,345 | 1,534 | 1,897 | 2,147 | 2,521 | 2,627 | 2,760 | 3,191 | 6,376 |
| Borrowings | 791 | 429 | 184 | 205 | 167 | 153 | 152 | 96 | 49 | 122 | 1,124 | 42 |
| Other Liabilities | 321 | 270 | 257 | 245 | 327 | 321 | 367 | 406 | 477 | 478 | 355 | 561 |
| Total Liabilities | 1,556 | 1,339 | 1,473 | 1,824 | 2,058 | 2,404 | 2,700 | 3,074 | 3,205 | 3,411 | 4,725 | 7,039 |
| Fixed Assets | 368 | 333 | 376 | 412 | 484 | 512 | 563 | 546 | 510 | 470 | 806 | 1,067 |
| CWIP | 89 | 6 | 36 | 32 | 38 | 79 | 58 | 63 | 72 | 73 | 63 | 42 |
| Investments | 394 | 568 | 717 | 948 | 954 | 1,214 | 1,445 | 1,781 | 1,992 | 2,213 | 3,152 | 3,341 |
| Other Assets | 705 | 433 | 344 | 433 | 582 | 599 | 634 | 685 | 630 | 655 | 705 | 2,589 |
| Total Assets | 1,556 | 1,339 | 1,473 | 1,824 | 2,058 | 2,404 | 2,700 | 3,074 | 3,205 | 3,411 | 4,725 | 7,039 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -83 | 226 | 206 | 64 | 141 | 124 | 72 | 92 | 89 | -61 | -342 | 4,555 |
| Investing | -247 | -212 | -105 | -66 | -119 | -104 | -70 | -29 | -18 | 0 | -842 | -3,050 |
| Financing | 325 | 1 | -119 | 2 | -16 | -27 | -7 | -57 | -56 | 50 | 1,194 | -966 |
| Net Cash Flow | -6 | 16 | -19 | 0 | 6 | -7 | -5 | 6 | 14 | -11 | 9 | 539 |
| Free Cash Flow | -133 | 181 | 102 | -1 | 26 | 11 | -5 | 55 | 66 | -69 | -749 | 4,268 |
| CFO/OP | -81 | 204 | 134 | 43 | 77 | 92 | 130 | 94 | -292 | 384 | 634 | -2,091 |
Ratios
| Particulars | 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 | 184 | 90 | 48 | 70 | 66 | 90 | 126 | 70 | 81 | 88 | 54 | 45 |
| Inventory Days | 56 | 42 | 39 | 63 | 69 | 65 | 104 | 90 | 105 | 107 | 109 | 94 |
| Days Payable | 85 | 96 | 87 | 89 | 81 | 100 | 158 | 119 | 213 | 210 | 151 | 201 |
| Cash Conversion Cycle | 155 | 36 | 0 | 44 | 55 | 55 | 72 | 41 | -27 | -16 | 12 | -62 |
| Working Capital Days | 130 | 2 | 19 | 54 | 39 | 40 | 49 | 23 | -14 | -39 | 41 | 1,349 |
| ROCE % | 7% | 9% | 25% | 27% | 12% | 21% | 12% | 16% | 5% | 6% | 10% | -2% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kiri Industries insights
63 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Clarification sought from Kiri Industries Ltd
20 Aug - Exchange has sought clarification from Kiri Industries Ltd on August 20, 2026, with reference to Movement in Volume. 20 Aug - Exchange has sought clarification from Kiri Industries Ltd on August 20, 2026, with reference to Movement in Volume.
2
Compliances-Reg.24(A)-Annual Secretarial Compliance
2 May - Kiri Industries filed annual secretarial compliance report for FY ended March 31, 2026. 2 May - Kiri Industries filed annual secretarial compliance report for FY ended March 31, 2026.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
2 May - Kiri Industries filed annual secretarial compliance report for FY ended March 31, 2026. 2 May - Kiri Industries filed annual secretarial compliance report for FY ended March 31, 2026.
4
Disclosure Under Regulations 30 And 30A Read With Clause 5A, Para A, Part A, Schedule III Of The SEBI (LODR) Regulations, 2015 ('SEBI LODR') - Execution Of Assignment Agreement By Wholly Owned Subsidiary
28 Apr - Subsidiary Equinaire signed assignment agreement with MIC for USD 9.76m MCB Copper-Gold Project loan, with USD 5m deposit. 28 Apr - Subsidiary Equinaire signed assignment agreement with MIC for USD 9.76m MCB Copper-Gold Project loan, with USD 5m deposit.
5
Disclosure Of Warning Letter Received From Stock Exchanges Pursuant To Regulation 30 Read With Schedule-III Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations').
28 Apr - BSE and NSE issued warning letters on April 27, 2026 for delayed disclosure of DyStar long-stop-date extension. 28 Apr - BSE and NSE issued warning letters on April 27, 2026 for delayed disclosure of DyStar long-stop-date extension.
Frequently Asked Questions about Kiri Industries
What does Kiri Industries Ltd do?
Kiri Industries Limited (KIL) is engaged in the business of manufacturing and exporting a wide range of Dyes, Dye Intermediates, and Basic Chemicals from India. [1]
Where is Kiri Industries Ltd (KIRIINDUS) listed?
Kiri Industries Ltd trades as KIRIINDUS on the NSE and under code 532967 on the BSE.
Which sector does Kiri Industries Ltd belong to?
Kiri Industries Ltd is classified under the Chemicals sector, in the Dyes & Pigments industry.
What is the market capitalisation of Kiri Industries Ltd?
Kiri Industries Ltd has a market capitalisation of ₹3,398 Cr, which places it in the Small Cap band.
What is the PE ratio of Kiri Industries Ltd?
Kiri Industries Ltd trades at a PE ratio of 0.55, on earnings per share of ₹41.24, against a book value of ₹1,016.79 per share.
What is the 52-week high and low of Kiri Industries Ltd?
Over the last 52 weeks Kiri Industries Ltd has traded between ₹333.8 and ₹779.
What is the Return on Equity (ROE) of Kiri Industries Ltd?
Kiri Industries Ltd reported a return on equity of 8.15%. Its debt-to-equity ratio is 0.01.
Company Information
Kiri Industries Limited (KIL) is engaged in the business of manufacturing and exporting a wide range of Dyes, Dye Intermediates, and Basic Chemicals from India. [1]
Website kiriindustries.com
CEO Mr. Manishbhai Pravinchandra Kiri
Employees 811
Listed 2008-04-22
Face Value ₹ 10
Issued Size 6,00,22,554
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