---
title: "Shri Kanha Stainless Ltd (SHRIKANHA) — Share Price, Financials & Analysis"
symbol: "SHRIKANHA"
company: "Shri Kanha Stainless Ltd"
canonical: "https://tapetide.com/stocks/SHRIKANHA"
isin: "INE1V4601019"
nse_symbol: "SHRIKANHA"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 35.53
generated_at: "2026-09-13T19:17:21.177Z"
---

# Shri Kanha Stainless Ltd (SHRIKANHA)

Canonical page: https://tapetide.com/stocks/SHRIKANHA

## Company

- **NSE Symbol:** SHRIKANHA
- **ISIN:** INE1V4601019
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-10
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kanhastainless.com

## About

Incorporated in July 2015, Shri Kanha Stainless Limited specializes in the manufacturing of precision stainless steel cold rolled strips.[1]

## Latest Price

- **Price:** ₹22.8
- **Change:** 0 (0%)
- **Open:** ₹22.8
- **Day High:** ₹22.8
- **Day Low:** ₹22.8
- **Previous Close:** ₹22.8
- **Volume:** 3200
- **As Of:** 2026-09-11T05:55:13+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:14.252768Z.

- **Market Cap:** ₹35.53 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹39.39
- **Price to Book:** 0.58
- **Dividend Yield:** 0%
- **ROE:** 14.23%
- **ROCE:** 24.51%
- **Debt to Equity:** 0.9
- **Revenue (yearly):** ₹205.8 Cr
- **Net Income:** ₹8.7 Cr
- **EBITDA:** ₹17.8 Cr
- **52-Week High:** ₹88
- **52-Week Low:** ₹15.1
- **RSI (14):** 51.93

## Key Insights

### Strengths

- Stock is trading at 0.58 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%
- Promoter holding has increased by 1.59% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from -3.07 days to 64.6 days

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| cash flow growth | -255.58% | -930.32% |
| ebitda margin growth | -9.53% | 27.62% |
| net income growth | 50% | 129% |
| revenue growth | 40.57% | 15% |
| roce | -60.39% | -65.42% |
| roe | -70.11% | 34.23% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 84 | 95 |
| Expenses | 77 | 87 |
| Operating Profit | 7 | 8 |
| OPM % | 9 | 9 |
| Other Income | 0 | 0 |
| Interest | 2 | 2 |
| Depreciation | 1 | 1 |
| Profit before tax | 4 | 6 |
| Tax % | 26 | 21 |
| Net Profit | 3 | 4 |
| EPS in Rs | 38.05 | 2.88 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 135 | 130 | 146 | 206 |
| Expenses | 131 | 122 | 132 | 188 |
| Operating Profit | 5 | 8 | 14 | 18 |
| OPM % | 3.4 | 6 | 9 | 9 |
| Other Income | 1 | 1 | 1 | 0 |
| Interest | 4 | 4 | 5 | 5 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 4 | 8 | 12 |
| Tax % | 24 | 26 | 25 | 25 |
| Net Profit | 1 | 3 | 6 | 9 |
| EPS in Rs | 8.28 | 29.89 | 66.55 | 5.61 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0.87 | 0.87 | 0.87 | 16 |
| Reserves | 3 | 6 | 11 | 46 |
| Borrowings | 5 | 4 | 51 | 56 |
| Other Liabilities | 48 | 70 | 43 | 33 |
| Total Liabilities | 57 | 80 | 106 | 150 |
| Fixed Assets | 17 | 16 | 17 | 18 |
| CWIP | 0 | 1 | 0 | 0 |
| Investments | 1 | 1 | 0 | 0 |
| Other Assets | 39 | 62 | 89 | 132 |
| Total Assets | 57 | 80 | 106 | 150 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | 4 | -9 | -31 |
| Cash from Investing Activity | -3 | -1 | 5 | -6 |
| Cash from Financing Activity | 1 | 10 | -8 | 41 |
| Net Cash Flow | 0 | 12 | -12 | 4 |
| Free Cash Flow | -1 | 2 | -10 | -34 |
| CFO/OP | 53 | 46 | -59 | -164 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 29 | 79 | 134 | 89 |
| Inventory Days | 40 | 28 | 75 | 101 |
| Days Payable | 3 | 6 | 116 | 58 |
| Cash Conversion Cycle | 66 | 101 | 93 | 131 |
| Working Capital Days | -38 | -71 | -3 | 65 |
| ROCE % | — | 79 | 34 | 18 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 67% | 68.59% |
| FIIs | 0.03% | 0.03% |
| DIIs | 0% | 0% |
| Government | 0% | 0% |
| Public | 31.01% | 30.66% |
| Others | 1.96% | 0.72% |
| No. of Shareholders | 1477 | 1379 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 6 / 9 / 4

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 22.28 | Buy |
| EMA (10) | 22.46 | Buy |
| SMA (20) | 22.08 | Buy |
| EMA (20) | 22.34 | Buy |
| SMA (50) | 23.06 | Sell |
| EMA (50) | 23.04 | Sell |
| SMA (100) | 24.02 | Sell |
| EMA (100) | 24.91 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.93 | Neutral |
| MACD (12,26,9) | -0.03 | Buy |
| Stochastic (14,3,3) | 70.56 | Neutral |
| ADX (14) | 14.87 | Neutral |
| Williams %R (14) | -44.16 | Neutral |
| ATR (14) | 0.98 | High Volatility |
| ROC (12) | 10.14 | Buy |
| Stoch RSI (14) | 69.2 | Neutral |
| UO (7,14,28) | 53.24 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May 2026 - Board extended unutilized IPO proceeds utilization timeline to March 31, 2027; no change in issue objects. | [Updates 8 May 2026 - Board extended unutilized IPO proceeds utilization timeline to March 31, 2027; no change in issue objects.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_08052026171930_Exchnage_Intimation_Signed.pdf) |
| 5 February 2026 - Crisil assigned BBB-/Stable (LT) and A3 (ST) ratings to Rs.60 crore facilities on Feb 5, 2026. | [Credit Rating 5 February 2026 - Crisil assigned BBB-/Stable (LT) and A3 (ST) ratings to Rs.60 crore facilities on Feb 5, 2026.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_05022026213428_Intimation_05022026_Credit_Rating.pdf) |
| 31 January 2026 - Whole-time director Shashank Agrawal bought 19,200 shares (0.1232%) on 30-Jan-2026. | [Updates 31 January 2026 - Whole-time director Shashank Agrawal bought 19,200 shares (0.1232%) on 30-Jan-2026.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_31012026132237_Intimation.pdf) |
| 31 Aug - Board approved FY26 report, AGM on Sept 25, 2026, MOA change, and material RPTs. | [Outcome of Board Meeting 31 Aug - Board approved FY26 report, AGM on Sept 25, 2026, MOA change, and material RPTs.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_31082026144428_Outcome_31082026_.pdf) |
| 29 May 2026 - Half-yearly IPO proceeds statement for March 31, 2026 shows no deviation; Rs. 4,628.16 lakh raised. | [Statement of deviation(s) or variation(s) under Reg. 32 29 May 2026 - Half-yearly IPO proceeds statement for March 31, 2026 shows no deviation; Rs. 4,628.16 lakh raised.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_29052026123436_Statement_of_Deviation.pdf) |
| 29 May 2026 - Board approved FY26 audited results; net profit Rs 873.69 lakh, no IPO fund deviation. | [Change in Auditors 29 May 2026 - Board approved FY26 audited results; net profit Rs 873.69 lakh, no IPO fund deviation.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_29052026123843_Outcome_BM_29052026.pdf) |
| 29 May 2026 - Board approved FY26 audited results, unmodified audit opinion, and no IPO fund deviation on May 29, 2026. | [Outcome of Board Meeting 29 May 2026 - Board approved FY26 audited results, unmodified audit opinion, and no IPO fund deviation on May 29, 2026.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_29052026122951_Outcome_BM_29052026.pdf) |
| 28 January 2026 - Whole-time director Shashank Agrawal bought 16,000 shares (0.1027%) on 28 Jan 2026. | [Updates 28 January 2026 - Whole-time director Shashank Agrawal bought 16,000 shares (0.1027%) on 28 Jan 2026.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_28012026174704_28012026_Disclosure_7_2_.pdf) |
| 27 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for half-year/year ended Mar 31, 2026. | [Trading Window 27 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for half-year/year ended Mar 31, 2026.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_27032026130256_Intimation_signed.pdf) |
| 26 February 2026 - Azhar Uddin appointed Senior Management Personnel (Production Manager), effective 26 February 2026. | [Appointment 26 February 2026 - Azhar Uddin appointed Senior Management Personnel (Production Manager), effective 26 February 2026.](https://nsearchives.nseindia.com/corporate/SHRIKANHA_26022026165441_Outcome_26022026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30985_SHRIKANHA_2025_2026_A_111324360_01092026153244.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:21.177Z.