Keerthi Industries Ltd (KEERTHI)

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Keerthi Industries Ltd (KEERTHI) · mywealthgrid

About

Keerthi Industries Ltd operates in Cement & Cement Products within the Materials sector.

Face value: ₹10

Market cap

₹32 Cr

P/E

1.7×

P/B

1.3×

Dividend yield

ROE

-46.1%

ROCE

-26.7%

Debt / equity

0.91

OPM

-11.3%

EPS (TTM)

₹24.0

Book value

₹32.0

52-week high

—

52-week low

—

2,273 historical price candles were omitted because the exchange source has not been verified.

₹40.4+3.4%1Y

Quick read

rule-based

Pros

+High promoter holding of 67.2% with no pledge

Cons

−Low return on equity of -37.2% (3-yr avg)
−Revenue shrank over the last 5 years (-16.6% a year)
−Weak interest coverage of -3.5×

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 11
Growth: 50
Valuation: 99

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ambuja Cements LimitedAMBUJACEMAMBUJACEM	₹90,012 Cr	₹90,065 Cr	₹39,867 Cr	₹6,167 Cr	16.1%	₹4,377 Cr	13.9%	5.3%	8.4%	37
Shree Cement LimitedSHREECEMSHREECEM	₹79,059 Cr	₹80,653 Cr	₹21,896 Cr	₹4,577 Cr	22.1%	₹1,630 Cr	8.4%	10.6%	7.8%	227
Jk Cement LimitedJKCEMENTJKCEMENT	₹38,279 Cr	₹44,353 Cr	₹14,401 Cr	₹2,334 Cr	17.3%	₹946 Cr	7.2%	14.3%	15.1%	71
Dalmia Bharat LimitedDALBHARATDALBHARAT	₹31,556 Cr	₹38,308 Cr	₹15,058 Cr	₹3,005 Cr	20.8%	₹409 Cr	7.8%	7.4%	6.4%	5
Acc LimitedACCACC	₹22,213 Cr	₹22,213 Cr	₹25,369 Cr	₹2,629 Cr	11.4%	₹1,909 Cr	8.2%	10.8%	10.9%	32
The Ramco Cements LimitedRAMCOCEMRAMCOCEM	₹19,633 Cr	₹23,485 Cr	₹9,228 Cr	₹1,345 Cr	15.9%	₹645 Cr	7.7%	6.1%	9%	-0
Jsw Cement LimitedJSWCEMENTJSWCEMENT	₹15,216 Cr	₹19,297 Cr	₹6,849 Cr	₹1,216 Cr	19%	₹760 Cr	-12.3%	10.1%	-11.5%	-140
Nuvoco Vistas Corporation LimitedNUVOCONUVOCO	₹11,505 Cr	₹16,046 Cr	₹11,594 Cr	₹1,907 Cr	16.4%	₹386 Cr	3.2%	7.1%	3.7%	-130
The India Cements LimitedINDIACEMINDIACEM	₹9,147 Cr	₹10,452 Cr	₹4,479 Cr	₹469 Cr	8.8%	₹92 Cr	-1.5%	1.5%	-0.7%	-28
Star Cement LimitedSTARCEMENTSTARCEMENT	₹7,211 Cr	₹7,797 Cr	₹3,807 Cr	₹902 Cr	24.8%	₹370 Cr	10.3%	17%	13%	177
Birla Corporation LimitedBIRLACORPNBIRLACORPN	₹6,383 Cr	₹9,658 Cr	₹9,848 Cr	₹1,450 Cr	15.1%	₹554 Cr	5.8%	8.8%	7.8%	63
Jk Lakshmi Cement LimitedJKLAKSHMIJKLAKSHMI	₹5,915 Cr	₹8,406 Cr	₹6,926 Cr	₹958 Cr	15%	₹370 Cr	6.1%	12.1%	11.2%	57

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	157	211	193	184	172	232	250	241	212	120	94
COGS	—	—	-19	-25	-22	24	36	25	35	22	18
Gross profit	—	—	—	—	—	208	214	216	177	98	75
	124	189	185	202	185	160	183	216	181	116	86
	33	22	26	8	8	49	31	-0	-4	-18	-11
OPM %	21.1%	10.5%	13.7%	4.2%	4.8%	20.9%	12.5%	-0.2%	-1.9%	-14.8%	-11.3%
Depreciation	—	—	11	11	11	10	9	9	12	12	10
Interest	6	—	7	7	6	5	3	3	6	6	5
	1	1	3	4	3	-3	4	2	1	2	9
Profit before tax	30	19	11	-5	1	30	22	-11	-21	-34	-16
Tax	—	6	5	-5	1	11	7	-4	-5	-11	-1
Tax %	—	31.4%	41.5%	-101.5%	88.6%	35.4%	29.7%	-34.7%	-24.4%	-32.4%	-6.5%
	20	13	8	0	-0	19	16	-7	-16	-23	-15
PAT margin %	12.7%	6.3%	4.1%	0%	-0.2%	8.3%	6.3%	-3%	-7.4%	-19%	-16.3%
EPS (₹)	23.8	15.9	9.9	0.3	-0.4	23.9	19.6	-9.2	-19.6	-28.5	-19.1
EPS adjusted (₹)	11.8	16.6	9.9	0.1	-0.4	24	19.5	-9	-19.6	-28.4	-19.1
	0%	0%	9.1%	333.3%	—	6.3%	7.7%	—	—	—	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	8	8	8	8	8	8	8	8	8	8
Reserves	43	30	49	48	47	66	80	71	56	33	18
	72	80	59	58	52	29	30	65	61	58	23
	44	48	55	43	36	48	44	43	50	70	77
Total equity & liabilities	175	166	171	157	143	150	163	188	174	169	126
	102	102	114	107	100	92	86	80	114	101	82
CWIP	—	21	0	0	0	0	9	41	2	0	0
Investments	—	1	1	1	2	2	3	3	3	3	0
	74	42	55	48	41	56	64	63	55	65	44
Total assets	175	166	171	157	143	150	163	188	174	169	126

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	89.7%	85.7%	89.7%	83.3%	81.7%	80.3%
EBITDA margin %	4.2%	4.8%	20.9%	12.5%	-0.2%	-1.9%	-14.8%	-11.3%
EBIT margin %	-1.6%	-1.7%	16.4%	8.7%	-4.1%	-7.5%	-24.9%	-21.7%
PAT margin %	0%	-0.2%	8.3%	6.3%	-3%	-7.4%	-19%	-16.3%
Working capital
Receivable days	7	7	8	9	10	10	14	0
Inventory days	32	31	329	287	461	285	382	217
Payable days	—	—	156	117	232	290	791	896
NWC days	—	—	181	180	239	5	-395	-679
Leverage
Current ratio	—	—	0.79	1.24	1.06	0.69	0.46	0.33
Debt to EBITDA	7.42	6.31	0.59	0.97	—	—	—	—
Debt to equity	1.02	0.94	0.39	0.34	0.82	0.95	1.42	0.91
Interest coverage	0.2	-0	7.7	7.7	-2.3	-2.4	-4.3	-3.5
Asset turnover	1.17	1.2	1.55	1.54	1.28	1.22	0.71	0.74
Return ratios
Return on assets %	0%	-0.2%	12.9%	9.6%	-3.9%	-9%	-13.5%	-12.1%
Return on capital employed %	—	—	45.8%	24.5%	-5.9%	-11.9%	-27.9%	-26.7%
Return on equity %	0.1%	-0.6%	26.2%	17.8%	-9.1%	-24.7%	-55.9%	-59.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	67.18%	67.18%	67.18%	67.18%	67.18%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.04%	25.04%	25.04%	25.04%	25.04%	25.04%	25.04%	32.78%	32.78%	32.78%	32.78%	32.78%
No. of shareholders	—	—	—	—	—	—	—	—	12,695	12,681	12,669	6,340

Promoter holding down 7.74 percentage points since Sep 2023.

Mrs. Triveni JastiExecutive Director-Chairperson related to Promoter
Mr. Seshagiri Rao JastiExecutive Director-MD
Mr. Jasti Venkata KrishnaNon-Executive - Non Independent Director
J. Sarada GovardhiniChief Operating Officer
Mr. Krishna Prasad GondiNon-Executive - Independent Director
Mr. Thagirisa Seetha RamanjaneyuluNon-Executive - Independent Director
Mr. Sivaram Prasad JettyNon-Executive - Independent Director
Mr. Ramakrishna Prasad MusunuriNon-Executive - Independent Director
Mr. Pettugani Venkata SubbaraoChief Financial Officer
Ms. Anupama IyerCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Keerthi Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

As per the enclosed letter.8 Jan 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

5

Final dividend15 Sept 2022 · ex-date₹1.5
Final dividend14 Sept 2021 · ex-date₹1.5
Dividend dividend16 Sept 2020 · ex-date₹0.9
Final dividend29 Jul 2019 · ex-date₹0.9
Final dividend19 Sept 2018 · ex-date₹0.9

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

1 Oct 2026, 12:01 pmCompany Update

Report On Re-Lodgement Of Transfer Requests For Physical Shares For The Month Ended 30Th September, 2026.

General PDF

22 Sept 2026, 12:29 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

3 Sept 2026, 11:41 amCompany Update

Report On Re-Lodgement Of Transfer Requests For Physical Shares For The Month Ended 31St August, 2026.

General PDF

2 Sept 2026, 12:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

1 Sept 2026, 12:41 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

1 Sept 2026, 12:22 pmCompany Update

Notice Of The 43Rd Annual General Meeting Of The Company Scheduled To Be Held On Thursday, 24Th September, 2026.

General PDF

15 Aug 2026, 1:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 1:03 pmResult

Unaudited Financial Results For The Quarter Ended 30Th June, 2026

Financial Results PDF

Date	Category	Subject	Filing
1 Oct 2026, 12:01 pm	Company Update General	Report On Re-Lodgement Of Transfer Requests For Physical Shares For The Month Ended 30Th September, 2026.	PDF
22 Sept 2026, 12:29 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	89.7%	85.7%	89.7%	83.3%	81.7%	80.3%
EBITDA margin %	4.2%	4.8%	20.9%	12.5%	-0.2%	-1.9%	-14.8%	-11.3%
EBIT margin %	-1.6%	-1.7%	16.4%	8.7%	-4.1%	-7.5%	-24.9%	-21.7%
PAT margin %	0%	-0.2%	8.3%	6.3%	-3%	-7.4%	-19%	-16.3%
Working capital
Receivable days	7	7	8	9	10	10	14	0
Inventory days	32	31	329	287	461	285	382	217
Payable days	—	—	156	117	232	290	791	896
NWC days	—	—	181	180	239	5	-395	-679
Leverage
Current ratio	—	—	0.79	1.24	1.06	0.69	0.46	0.33
Debt to EBITDA	7.42	6.31	0.59	0.97	—	—	—	—
Debt to equity	1.02	0.94	0.39	0.34	0.82	0.95	1.42	0.91
Interest coverage	0.2	-0	7.7	7.7	-2.3	-2.4	-4.3	-3.5
Asset turnover	1.17	1.2	1.55	1.54	1.28	1.22	0.71	0.74
Return ratios
Return on assets %	0%	-0.2%	12.9%	9.6%	-3.9%	-9%	-13.5%	-12.1%
Return on capital employed %	—	—	45.8%	24.5%	-5.9%	-11.9%	-27.9%	-26.7%
Return on equity %	0.1%	-0.6%	26.2%	17.8%	-9.1%	-24.7%	-55.9%	-59.6%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	34	26	8	12	44	9	6	16	5	1
	-9	-3	-4	-4	-1	-14	-35	-6	3	34
	-18	-24	-9	-5	-35	-4	30	-10	-8	-35
Net cash flow	7	-2	-6	3	7	-9	1	-1	-0	0
Free cash flow	—	23	—	9	41	-4	-29	9	2	-4
CFO / Operating profit %	151.8%	99.4%	101.2%	149%	89.8%	28.2%	—	—	—	—

Keerthi Industries Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends5

Board meetings1

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Dividends5

Board meetings1

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

5

1

5

1