Kriti Industries (India) Ltd
NSE: KRITI BSE: 526423Telecom
Incorporated in 1983, Kriti Industries Ltd manufactures premium quality piping products and solutions, accessories, gas pipe, telecom ducts, submersible pipes and casing pipes[1]
₹68
52W: ₹51 — ₹179
PE 99.9 · Book ₹41.1 · +65% vs bookMarket Cap₹358 Cr
Stock P/E99.9Price to Earnings
ROCE7.22%Return on Capital
ROE1.79%Return on Equity
Div. Yield0%Face Value ₹1
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -0.06% over past five years.
- −Company has a low return on equity of 3.98% over last 3 years.
Shareholding Pattern
Promoters69.08%
FIIs0.12%
DIIs0%
Public30.82%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 66.77% | 66.77% | 66.77% | 67.75%▲1.0 | 68.72%▲1.0 | 68.72% | 68.72% | 69.08%▲0.4 |
| FIIs | 0.46% | 0.02%▼0.4 | 0.01%▼0.0 | 0.08%▲0.1 | 0.09%▲0.0 | 0.05%▼0.0 | 0.05% | 0.12%▲0.1 |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 32.77% | 33.21%▲0.4 | 33.23%▲0.0 | 32.18%▼1.0 | 31.2%▼1.0 | 31.24%▲0.0 | 31.23%▼0.0 | 30.82%▼0.4 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 242.8 | 194.62 | 257.16 | 117.36 | 209.88 | 137.51 | 224.06 | 85.73 | 135.79 | 141.78 |
| Expenses | 224.95 | 180.83 | 232.85 | 112.2 | 211.24 | 137.28 | 208.97 | 89.8 | 130.23 | 123.25 |
| Operating Profit | 17.85 | 13.79 | 24.31 | 5.16 | -1.36 | 0.23 | 15.09 | -4.07 | 5.56 | 18.53 |
| OPM % | 7.35% | 7.09% | 9.45% | 4.4% | -0.65% | 0.17% | 6.73% | -4.75% | 4.09% | 13.07% |
| Net Profit | 7.85 | 3.47 | 13.65 | -3.7 | -10.8 | -3.65 | 7.2 | -9.71 | -0.49 | 4.07 |
| EPS ₹ | 1.58 | 0.7 | 2.75 | -0.75 | -2.18 | -0.71 | 1.37 | -1.84 | -0.09 | 0.77 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹587Cr, down 18.7% YoY. OPM at 6%.
Debt Position
Borrowings at ₹110Cr. Debt-to-equity ratio: 0.52x. Moderate leverage.
Capex Cycle
CWIP at ₹17Cr (10% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0.12% (+0.04pp change). Promoters hold 69.08%.
Margin & Efficiency
ROCE declining from 18% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.
Valuation
PE 99.9x with 7.22% ROCE. Price is 65% above book value of ₹41.1. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 13 May
- Announcement under Regulation 30 (LODR)-Change in Management 12 May - Shri Chandrasekharan Bhaskar ceases as Independent Director effective 12 May 2026.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 May - CARE report shows preferential issue proceeds cut to Rs74.25 crore after 63.69 lakh warrants lapsed.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 May - Company confirms it is not a Large Corporate; outstanding long-term borrowing was 0.5651 crore on 31 March 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 7 May - Press Release of Audited Standalone & Consolidated Financial Statements for Quarter and Year ended 31st March,2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse