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Swing Capital

Kritika Wires Ltd

NSE: KRITIKAMetal

Incorporated in 2004, Kritika Wires Ltd manufactures, exports and supplies a wide range of Industrial Steel Wires and Galvanised Wires[1]

₹5.86
52W: ₹4.5 — ₹11.1
PE 20.7 · Book ₹3.79 · +55% vs book
Market Cap₹156 Cr
Stock P/E20.7Price to Earnings
ROCE8.9%Return on Capital
ROE7.73%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Debtor days have improved from 24.0 to 18.9 days.

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 10.4% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -9.57%

Shareholding Pattern

Promoters63.32%
FIIs0%
DIIs0%
Public36.68%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.55%63.35%▼9.263.32%▼0.063.32%63.32%63.32%63.32%63.32%
FIIs0%0.01%▲0.00.04%▲0.00%▼0.00.06%▲0.10%▼0.10%0%
DIIs0%0%0%0%0%0%0%0%
Public27.45%36.64%▲9.236.65%▲0.036.68%▲0.036.62%▼0.136.68%▲0.136.68%36.68%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales92.35133.47168.3158.6178.93239.15206.86179.63161.13146.7
Expenses90.21127.13165.24155.48176.06239.25203.84174.61158.3143.63
Operating Profit2.146.343.063.122.87-0.13.025.022.833.07
OPM %2.32%4.75%1.82%1.97%1.6%-0.04%1.46%2.79%1.76%2.09%
Net Profit1.885.062.172.442.123.41.381.141.632.05
EPS ₹0.070.190.080.090.080.130.050.040.060.08

AI Insights

Revenue Trend

Mar 2026 revenue at ₹694Cr, down 6.8% YoY. OPM at 2%.

Debt Position

Borrowings at ₹55Cr. Debt-to-equity ratio: 1.15x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹1Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 63.32%.

Margin & Efficiency

ROCE improving from 0% (Mar 2011) to 9% (Mar 2026). Working capital days: 33.

Valuation

PE 20.7x with 8.9% ROCE. Price is 55% above book value of ₹3.79. Dividend yield: 0%.

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