KRITI

Kriti Industries (India) Limited

PVC and UPVC/CPVC pipes for agriculture and building products

Industrials›Capital Goods›Industrial Products›Plastic Products - Industrial

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

Price as of 2026-10-19

Stock price
₹54.94
Market cap
290 Cr
Stock P/E
Loss (TTM EPS ₹-1.59)
P/B
1.31
Dividend yield
0.3%
ROE (FY26)
0.5%
ROCE (FY26)
5.5%
Operating margin (FY26)
3.1%
Debt / equity (FY26)
0.41
OCF / EBITDA (FY26)
58.3%
OCF / EBITDA (3Y)
91.7%

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

Kriti Industries makes plastic pipes and related products, mainly for agriculture, building and industrial use, and sells them to farmers and builders through dealers and depots in Madhya Pradesh, Rajasthan and Maharashtra.

Company snapshot

16thBy market cap

Ranked among 20 companies in Plastic Products - Industrial.

What we see

Positives
  • ✓92% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 0.2% — little room for error if costs rise.
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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
Sales150 Cr243 Cr195 Cr257 Cr117 Cr210 Cr138 Cr224 Cr86 Cr136 Cr142 Cr173 Cr
Operating expenses (approx.)139 Cr225 Cr181 Cr233 Cr112 Cr211 Cr137 Cr209 Cr90 Cr130 Cr123 Cr168 Cr
EBITDA10 Cr18 Cr14 Cr24 Cr5 Cr-1 Cr0.23 Cr15 Cr-4 Cr6 Cr18 Cr5 Cr
OPM %6.9%7.3%7.1%9.4%4.4%-0.7%0.2%6.7%-4.7%4.1%12.9%3.1%
Other income0.32 Cr1 Cr1 Cr0.90 Cr1 Cr0.68 Cr1 Cr0.70 Cr1 Cr0.24 Cr2 Cr0.36 Cr
Interest5 Cr5 Cr6 Cr6 Cr6 Cr6 Cr6 Cr5 Cr4 Cr3 Cr3 Cr4 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr5 Cr
Profit before tax3 Cr11 Cr6 Cr16 Cr-3 Cr-11 Cr-9 Cr7 Cr-11 Cr-3 Cr9 Cr-3 Cr
Tax %17.9%25.9%41.5%15.1%-22.6%-2.9%58.5%1.0%11.7%82.0%54.1%24.4%
Net profit3 Cr8 Cr4 Cr14 Cr-4 Cr-11 Cr-4 Cr7 Cr-10 Cr-0.47 Cr4 Cr-2 Cr
EPS (₹)₹0.51₹1.60₹0.73₹2.79₹-0.72₹-2.20₹-0.72₹1.41₹-1.84₹-0.09₹0.76₹-0.42

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales432 Cr464 Cr588 Cr549 Cr589 Cr545 Cr732 Cr867 Cr722 Cr587 CrSign in free for the trailing twelve months
Operating expenses (approx.)403 Cr434 Cr558 Cr504 Cr521 Cr506 Cr740 Cr807 Cr694 Cr552 CrSign in free for the trailing twelve months
EBITDA29 Cr30 Cr29 Cr45 Cr69 Cr39 Cr-8 Cr59 Cr28 Cr35 CrSign in free for the trailing twelve months
OPM %6.7%6.4%5.0%8.2%11.6%7.1%-1.1%6.9%3.9%5.9%Sign in free for the trailing twelve months
Other income1 Cr3 Cr2 Cr2 Cr0.86 Cr1 Cr4 Cr3 Cr4 Cr4 CrSign in free for the trailing twelve months
Interest13 Cr13 Cr15 Cr17 Cr11 Cr14 Cr17 Cr20 Cr23 Cr15 CrSign in free for the trailing twelve months
Depreciation5 Cr6 Cr6 Cr7 Cr7 Cr8 Cr9 Cr12 Cr14 Cr17 CrSign in free for the trailing twelve months
Profit before tax12 Cr14 Cr10 Cr21 Cr49 Cr25 Cr-30 Cr31 Cr-6 Cr3 CrSign in free for the trailing twelve months
Tax %34.7%33.8%39.9%11.0%25.9%19.5%23.7%28.2%28.8%55.2%Sign in free for the trailing twelve months
Net profit8 Cr9 Cr6 Cr18 Cr36 Cr20 Cr-23 Cr22 Cr-4 Cr1 CrSign in free for the trailing twelve months
EPS (₹)₹1.64₹1.85₹1.21₹3.73₹7.27₹4.02₹-4.64₹4.42₹-0.84₹0.21Sign in free for the trailing twelve months
Dividend payout %————2.1%5.0%—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 capital5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr
Reserves62 Cr71 Cr76 Cr94 Cr129 Cr149 Cr125 Cr147 Cr197 Cr217 Cr
Borrowings58 Cr54 Cr68 Cr66 Cr61 Cr96 Cr117 Cr126 Cr98 Cr91 Cr
Other liabilities118 Cr124 Cr162 Cr187 Cr156 Cr159 Cr164 Cr176 Cr172 Cr170 Cr
Total liabilities243 Cr255 Cr311 Cr353 Cr351 Cr409 Cr411 Cr454 Cr472 Cr483 Cr
Fixed assets (net)79 Cr83 Cr98 Cr106 Cr100 Cr106 Cr123 Cr155 Cr165 Cr195 Cr
CWIP0.02 Cr0.49 Cr0.67 Cr0.95 Cr8 Cr14 Cr17 Cr13 Cr21 Cr7 Cr
Investments0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr3 Cr4 Cr4 Cr0.36 Cr
Loans & advances——15 Cr20 Cr21 Cr2 Cr2 Cr0 Cr0 Cr0 Cr
Inventories84 Cr98 Cr113 Cr136 Cr162 Cr207 Cr159 Cr156 Cr159 Cr196 Cr
Trade receivables45 Cr42 Cr68 Cr73 Cr32 Cr32 Cr53 Cr67 Cr49 Cr28 Cr
Cash & bank0.24 Cr2 Cr1 Cr0.05 Cr0.02 Cr0.15 Cr0.06 Cr0.30 Cr0.08 Cr5 Cr
Other assets35 Cr30 Cr15 Cr18 Cr28 Cr48 Cr54 Cr58 Cr75 Cr52 Cr
Total assets243 Cr255 Cr311 Cr353 Cr351 Cr409 Cr411 Cr454 Cr472 Cr483 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 activity26 Cr31 Cr18 Cr32 Cr34 Cr4 Cr27 Cr58 Cr34 Cr20 Cr
Cash from investing-18 Cr-12 Cr-24 Cr-16 Cr-19 Cr-7 Cr-31 Cr-46 Cr-37 Cr-10 Cr
Cash from financing-9 Cr-18 Cr6 Cr-16 Cr-16 Cr3 Cr4 Cr-12 Cr3 Cr-6 Cr
Net cash flow-0.25 Cr1 Cr-0.43 Cr0.01 Cr-0.03 Cr0.13 Cr-0.09 Cr0.23 Cr-0.21 Cr5 Cr
Free cash flow (OCF − Capex)5 Cr20 Cr-4 Cr17 Cr34 Cr-14 Cr-3 Cr18 Cr3 Cr-14 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.1%20.6%16.8%23.1%30.6%15.5%-5.4%18.3%5.8%5.5%
ROE %12.2%12.1%7.4%18.7%26.8%12.9%-17.7%14.5%-2.1%0.5%
Debtor days38334249202227282517
Inventory days9997841191261619283100149
Days payable9393921378199757181105
Cash conversion cycle44373431658344404362
OCF / EBITDA %90.9%102.9%60.4%70.8%49.9%10.4%—98.3%119.2%58.3%
OCF / EBITDA % (3 years)——84.8%77.1%58.7%46.0%65.2%98.5%148.7%91.7%
Debt / equity0.870.710.840.670.450.620.900.830.490.41
Current ratio1.091.111.141.141.421.321.081.191.231.26
Net debt / EBITDA2.011.772.291.470.892.46—2.113.472.48