KIRIINDUS

Kiri Industries Limited

Copper smelter and fertilizer complex with dyes and specialty chemicals

Commodities›Chemicals›Chemicals & Petrochemicals›Dyes And Pigments

kiriindustries.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹500.05
Market cap
3,259 Cr
Stock P/E
0.6
P/B
0.47
Dividend yield
0.1%
ROE (FY26)
86.4%
ROCE (FY26)
92.2%
Operating margin (FY26)
-31.9%
Debt / equity (FY26)
0.0063

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Kiri Industries makes dyes, dye intermediates and basic chemicals that serve the textile industry, and is building a large integrated copper and fertiliser complex near Pipavav Port.

Company snapshot

2ndBy market cap

Ranked among 11 companies in Dyes And Pigments.

What we see

Positives
  • ✓Net margin of 663.0% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Interest coverage of -1.4x — earnings barely cover interest payments, which is a warning sign.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales231 Cr219 Cr269 Cr265 Cr272 Cr179 Cr205 Cr202 Cr213 Cr174 Cr250 Cr312 Cr
Operating expenses (approx.)240 Cr231 Cr264 Cr248 Cr255 Cr223 Cr210 Cr218 Cr227 Cr222 Cr393 Cr296 Cr
EBITDA-10 Cr-13 Cr5 Cr17 Cr17 Cr-44 Cr-5 Cr-16 Cr-14 Cr-49 Cr-142 Cr16 Cr
OPM %-4.3%-5.8%1.9%6.3%6.3%-24.9%-2.5%-8.0%-6.4%-28.0%-56.8%5.1%
Other income2 Cr3 Cr6 Cr1 Cr5 Cr92 Cr6 Cr35 Cr0.64 Cr102 Cr39 Cr286 Cr
Interest5 Cr6 Cr8 Cr6 Cr18 Cr50 Cr54 Cr60 Cr61 Cr67 Cr8 Cr1 Cr
Depreciation12 Cr12 Cr12 Cr12 Cr12 Cr11 Cr11 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Profit before tax20 Cr128 Cr-2 Cr81 Cr85 Cr177 Cr-85 Cr9 Cr14 Cr5,840 Cr-81 Cr309 Cr
Tax %6.1%1.3%-410.5%3.9%5.8%0.1%0.3%-13.0%-41.4%14.0%736.3%6.0%
Net profit19 Cr126 Cr-10 Cr78 Cr80 Cr177 Cr-85 Cr10 Cr20 Cr5,023 Cr514 Cr291 Cr
EPS (₹)₹3.63₹24.38₹-1.97₹15.08₹15.49₹28.47₹-15.37₹1.91₹-4.74₹834.39₹84.13₹44.89

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,198 Cr1,135 Cr1,394 Cr1,305 Cr957 Cr1,497 Cr945 Cr949 Cr740 Cr840 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,039 Cr954 Cr1,163 Cr1,119 Cr874 Cr1,376 Cr983 Cr961 Cr794 Cr1,061 CrSign in free for the trailing twelve months
EBITDA159 Cr181 Cr231 Cr186 Cr83 Cr121 Cr-37 Cr-12 Cr-54 Cr-221 CrSign in free for the trailing twelve months
OPM %13.3%15.9%16.6%14.3%8.6%8.1%-4.0%-1.3%-7.3%-26.3%Sign in free for the trailing twelve months
Other income2 Cr2 Cr3 Cr5 Cr2 Cr2 Cr3 Cr9 Cr115 Cr176 CrSign in free for the trailing twelve months
Interest9 Cr3 Cr5 Cr5 Cr4 Cr5 Cr6 Cr23 Cr127 Cr195 CrSign in free for the trailing twelve months
Depreciation29 Cr34 Cr38 Cr44 Cr46 Cr50 Cr49 Cr49 Cr45 Cr47 CrSign in free for the trailing twelve months
Profit before tax279 Cr376 Cr198 Cr402 Cr265 Cr404 Cr122 Cr146 Cr262 Cr5,782 CrSign in free for the trailing twelve months
Tax %4.9%4.9%16.9%6.6%4.9%3.8%12.8%8.9%-0.9%3.7%Sign in free for the trailing twelve months
Net profit266 Cr358 Cr164 Cr376 Cr252 Cr389 Cr107 Cr133 Cr265 Cr5,567 CrSign in free for the trailing twelve months
EPS (₹)₹95.39₹124.95₹52.29₹114.33₹75.07₹95.49₹20.67₹25.55₹44.61₹941.32Sign in free for the trailing twelve months
Dividend payout %————0.7%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital28 Cr30 Cr31 Cr34 Cr34 Cr52 Cr52 Cr52 Cr56 Cr60 Cr
Reserves1,005 Cr1,374 Cr1,536 Cr1,900 Cr2,151 Cr2,521 Cr2,627 Cr2,760 Cr3,191 Cr6,376 Cr
Borrowings181 Cr159 Cr149 Cr97 Cr96 Cr96 Cr45 Cr121 Cr1,123 Cr41 Cr
Other liabilities259 Cr264 Cr342 Cr374 Cr420 Cr406 Cr477 Cr478 Cr356 Cr553 Cr
Total liabilities1,473 Cr1,828 Cr2,058 Cr2,404 Cr2,700 Cr3,074 Cr3,201 Cr3,411 Cr4,725 Cr7,039 Cr
Fixed assets (net)367 Cr403 Cr477 Cr506 Cr559 Cr543 Cr508 Cr469 Cr805 Cr1,066 Cr
CWIP36 Cr32 Cr38 Cr79 Cr58 Cr63 Cr73 Cr73 Cr63 Cr42 Cr
Investments717 Cr948 Cr954 Cr1,214 Cr1,445 Cr1,781 Cr1,992 Cr2,213 Cr3,152 Cr3,341 Cr
Loans & advances——18 Cr14 Cr9 Cr3 Cr2 Cr0.35 Cr23 Cr81 Cr
Inventories83 Cr119 Cr169 Cr143 Cr169 Cr245 Cr195 Cr202 Cr153 Cr169 Cr
Trade receivables147 Cr209 Cr254 Cr320 Cr329 Cr289 Cr206 Cr228 Cr109 Cr104 Cr
Cash & bank12 Cr12 Cr19 Cr12 Cr7 Cr13 Cr27 Cr17 Cr13 Cr551 Cr
Other assets112 Cr104 Cr130 Cr115 Cr123 Cr138 Cr198 Cr208 Cr409 Cr1,685 Cr
Total assets1,473 Cr1,828 Cr2,058 Cr2,404 Cr2,700 Cr3,074 Cr3,201 Cr3,411 Cr4,725 Cr7,039 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity217 Cr70 Cr141 Cr—72 Cr92 Cr89 Cr-61 Cr-342 Cr4,555 Cr
Cash from investing-105 Cr-71 Cr-119 Cr—-70 Cr-29 Cr-18 Cr0.11 Cr-842 Cr-3,050 Cr
Cash from financing-119 Cr1 Cr-16 Cr—-7 Cr-57 Cr-57 Cr50 Cr1,194 Cr-966 Cr
Net cash flow-7 Cr0.32 Cr7 Cr—-5 Cr6 Cr14 Cr-11 Cr9 Cr539 Cr
Free cash flow (OCF − Capex)114 Cr5 Cr26 Cr—-6 Cr55 Cr67 Cr-69 Cr-749 Cr4,268 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %23.8%24.3%11.8%20.0%11.8%15.3%4.7%5.8%8.9%92.2%
ROE %25.7%25.5%10.5%19.4%11.6%15.1%4.0%4.7%8.2%86.4%
Debtor days456766901257079885345
Inventory days4264716810787117122128104
Days payable939083104162116238241178224
Cash conversion cycle-74154547042-41-314-74
OCF / EBITDA %136.7%38.9%61.2%—87.4%76.0%————
OCF / EBITDA % (3 years)——75.2%———152.4%n.m.——
Debt / equity0.180.110.100.050.040.040.020.040.350.0063
Current ratio1.311.801.541.451.351.241.130.982.828.72
Net debt / EBITDA1.06—0.560.451.070.68————