Kriti Industries (India) Limited (KRITI)

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Kriti Industries (India) Limited (KRITI) · mywealthgrid

About

Kriti Industries manufactures plastic products for industrial customers in Industrials sector. Market cap ₹351.67 Cr; recent quarterly revenues range ₹85–₹173 Cr. Majority promoter-controlled (69%) with minimal institutional ownership.

Face value: ₹1

Market cap

₹320 Cr

P/E

—

P/B

1.4×

Dividend yield

ROE

0.5%

ROCE

8.7%

Debt / equity

0.41

OPM

5.9%

EPS (TTM)

₹-1.6

Book value

₹42.2

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Net losses in 2 of last 4 quarters (Sep 2025: -₹9.71 Cr loss, Jun 2026: -₹2.28 Cr loss) with OPM swinging from -4.75% to 13.06%, indicating profit volatility. Verify whether this reflects volume, pricing, or cost shocks and if profitability can be sustained.
Stock price down 57.93% over 1 year; dividend suspended since Jun 2024 after annual payments 2020–2024. Verify whether decline reflects company-specific stress or sector weakness and cash flow position.
ROE of 0.53% indicates near-zero shareholder value creation. Verify whether this is cyclical or structural.
OPM of 5.94% overall and 3.07% in Jun 2026 leave minimal room for cost absorption. Verify customer concentration, plastic resin price exposure, and competitive positioning.

Generated analysis · source review pending

Growth drivers

Revenue grew sequentially from ₹85.73 Cr (Sep 2025) to ₹173.11 Cr (Jun 2026), showing 2x growth over 9 months. Verify whether this reflects sustainable demand recovery or one-time factors, and customer concentration.
Mar 2026 achieved 13.06% OPM with ₹4.07 Cr profit vs. Jun 2026's 3.07% OPM and -₹2.28 Cr loss despite higher revenue, suggesting 10-point margin swing reflects cost structure or product mix. Recovery to Mar 2026 margin levels would significantly improve profitability at current volumes; verify root cause of Jun 2026 margin collapse.
Moderate leverage (D/E 0.41) provides borrowing capacity for organic growth or M&A. Verify management's capital deployment strategy and capex plans.

Generated analysis · source review pending

2,177 historical price candles were omitted because the exchange source has not been verified.

₹60.8-2.6%1Y

Quick read

rule-based

Pros

+High promoter holding of 69.1% with no pledge

Cons

−Low return on equity of 4.6% (3-yr avg)
−Thin operating margin of 5.9%
−Profit declined 50% a year over the last 5 years
−Revenue shrank over the last 5 years (-0.1% a year)
−Weak interest coverage of 1.5×

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 20
Growth: 0
Valuation

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
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	432	464	589	545	732	867	722	587
COGS	300	358	446	439	649	689	559	450
Gross profit	132	105	143	105	84	177	163	137
	103	76	75	66	92	118	135	103
	29	30	69	39	-8	60	28	35
OPM %	6.7%	6.4%	11.6%	7.1%	-1.1%	6.9%	3.9%	5.9%
Depreciation	5	6	7	8	9	12	14	17
Interest	13	13	11	14	17	20	23	15
	1	3	1	8	3	3	4	-1
Profit before tax	12	14	49	25	-30	31	-6	3
Tax	4	5	13	5	-7	9	-2	1
Tax %	34.7%	33.8%	26.5%	20%	-24.1%	28.2%	-28.8%	54.9%
	8	9	36	20	-23	22	-4	1
PAT margin %	1.9%	2%	6.1%	3.7%	-3.1%	2.5%	-0.6%	0.2%
EPS (₹)	1.6	1.9	7.3	4	-4.6	4.4	-0.8	0.2
EPS adjusted (₹)	1.6	1.9	7.3	4	-4.6	4.4	-0.8	0.2
	9.1%	8.1%	2.8%	5%	—	4.5%	—	—
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	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	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5	5	5	5	5
Reserves	55	71	76	—	129	149	125	147	197	217
	54	54	68	—	78	96	117	126	98	91
	109	127	162	—	153	159	164	176	172	170
Total equity & liabilities	223	258	311	—	365	409	411	454	472	483
	60	83	99	102	100	106	124	155	165	195
CWIP	4	0	1	—	8	14	17	13	21	8
Investments	0	0	0	—	0	0	3	4	4	0
	159	174	212	—	256	290	268	281	283	280
Total assets	223	258	311	—	365	409	411	454	472	483

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	30.6%	22.8%	24.3%	19.3%	11.4%	20.5%	22.6%	23.4%
EBITDA margin %	6.7%	6.4%	11.6%	7.1%	-1.1%	6.9%	3.9%	5.9%
EBIT margin %	5.5%	5.2%	10.4%	5.7%	-2.3%	5.5%	1.9%	3.1%
PAT margin %	1.9%	2%	6.1%	3.7%	-3.1%	2.5%	-0.6%	0.2%
Working capital
Receivable days	48	38	24	22	27	28	25	17
Inventory days	82	99	132	172	90	82	104	159
Payable days	93	—	92	106	73	71	85	111
NWC days	37	—	64	88	44	40	44	65
Leverage
Current ratio	1.18	1.11	1.39	1.32	1.08	1.19	1.23	1.26
Debt to EBITDA	1.88	1.83	1.13	2.47	—	2.12	3.47	2.61
Debt to equity	0.91	0.71	0.58	0.62	0.9	0.83	0.49	0.41
Interest coverage	2	2.1	5.7	2.3	-0.8	2.5	0.8	1.5
Asset turnover	1.94	1.8	1.61	1.33	1.78	1.91	1.53	1.22
Return ratios
Return on assets %	3.7%	3.6%	9.9%	4.9%	-5.6%	4.8%	-0.9%	0.2%
Return on capital employed %	28%	27.9%	43.3%	17.1%	-7.5%	26.4%	7.5%	8.7%
Return on equity %	13.6%	12.1%	26.8%	12.9%	-17.7%	14.5%	-2.1%	0.5%

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
	66.35%	66.35%	66.35%	66.77%	66.77%	66.77%	67.74%	68.72%	68.72%	68.72%	69.07%	69.07%
	0.01%	0.15%	0.01%	0.46%	0.02%	0.01%	0.08%	0.09%	0.05%	0.05%	0.12%	0.05%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	33.64%	33.5%	33.64%	32.77%	33.21%	33.22%	32.18%	31.19%	31.23%	31.23%	30.81%	30.88%
No. of shareholders	—	—	—	—	—	—	—	—	11,403	11,271	11,242	11,353

Promoter holding up 2.72 percentage points since Sep 2023.

7 deals · 22 May 2024 – 19 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Aug 2026	NIK COMP PRIVATE LIMITED	Bulk	NSE	Buy	2,83,009	₹66.50	₹1.88 Cr
19 Aug 2026	ANANT MOHTA	Bulk	NSE	Sell	2,82,298	₹66.50	₹1.88 Cr
18 Jun 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	2,64,760	₹178.09	₹4.72 Cr
18 Jun 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	2,64,760	₹167.67	₹4.44 Cr
13 Jun 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	3,00,000	₹180.41	₹5.41 Cr
13 Jun 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	3,00,000	₹179.03	₹5.37 Cr
22 May 2024	CHARTERED FINANCE & LEASI NG LIMITED	Bulk	NSE	Buy	3,00,000	₹114.30	₹3.43 Cr

1–7 of 7

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Shiv Singh MehtaExecutive Director-Chairperson related to Promoter-MD
Mrs. Purnima MehtaExecutive Director
Mr. Saurabh Singh MehtaNon-Executive - Non Independent Director
Mr. Hitendra MehtaNon-Executive - Independent Director
Mr. Siddharth SethiNon-Executive - Independent Director
Mr. Venkat SubramaniamNon-Executive - Independent Director
Mr. Rajesh SisodiaChief Financial Officer
Ms. Aditi RandharCompany 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 Kriti Industries (India) Limited. 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

Investor Presentation and earnings call

May 2026Transcript AI Summary PPT REC
Feb 2026Transcript AI Summary PPT

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

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Events

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

14

Final dividend11 Jun 2024 · ex-date₹0.2
Final dividend8 Aug 2022 · ex-date₹0.2
Final dividend29 Jul 2021 · ex-date₹0.2
Final dividend30 Jul 2020 · ex-date₹0.15
Dividend dividend6 Aug 2019 · ex-date₹0.15
Dividend dividend23 Jul 2018 · ex-date₹0.15
Dividend dividend4 Sept 2017 · ex-date₹0.15
Interim dividend17 Mar 2016 · ex-date₹0.18
Dividend dividend17 Sept 2014 · ex-date₹0.15
Dividend dividend4 Sept 2013 · ex-date₹0.15
Dividend dividend12 Sept 2012 · ex-date₹0.15
Dividend dividend15 Sept 2011 · ex-date₹0.15
Dividend dividend17 Sept 2010 · ex-date₹0.15
Dividend dividend23 Sept 2008 · ex-date₹0.12

1

Board meeting to consider results11 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

28 Sept 2026, 11:44 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

21 Sept 2026, 6:56 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

9 Sept 2026, 3:53 pmAGM/EGM

Submission Of The Minutes Of The 36Th Annual General Meeting Of The Company Held On Wednesday, 12Th August, 2026.

AGM PDF

14 Aug 2026, 6:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

14 Aug 2026, 3:09 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

14 Aug 2026, 11:22 amAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

12 Aug 2026, 7:24 pmAGM/EGM

Submission Of The Proceedings Of The 36Thannual General Meeting Of The Company Held On Wednesday, 12Th August, 2026, Pursuant To Regulation 30(2) Read With Part A Of Schedule III Of The SEBI (LODR) Regulations, 2015.

AGM PDF

11 Aug 2026, 5:44 pmResult

Regulation 33 Of SEBI (LODR) Regulations, 2015- Submission Of Unaudited Standalone And Consolidated Financial Results Along With Limited Review Report For The Quarter Ended 30Th June, 2026

Financial Results PDF

Date	Category	Subject	Filing
28 Sept 2026, 11:44 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 6:56 pm	Company Update Resignation of Company Secretary / Compliance Officer	Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

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Ratio	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	30.6%	22.8%	24.3%	19.3%	11.4%	20.5%	22.6%	23.4%
EBITDA margin %	6.7%	6.4%	11.6%	7.1%	-1.1%	6.9%	3.9%	5.9%
EBIT margin %	5.5%	5.2%	10.4%	5.7%	-2.3%	5.5%	1.9%	3.1%
PAT margin %	1.9%	2%	6.1%	3.7%	-3.1%	2.5%	-0.6%	0.2%
Working capital
Receivable days	48	38	24	22	27	28	25	17
Inventory days	82	99	132	172	90	82	104	159
Payable days	93	—	92	106	73	71	85	111
NWC days	37	—	64	88	44	40	44	65
Leverage
Current ratio	1.18	1.11	1.39	1.32	1.08	1.19	1.23	1.26
Debt to EBITDA	1.88	1.83	1.13	2.47	—	2.12	3.47	2.61
Debt to equity	0.91	0.71	0.58	0.62	0.9	0.83	0.49	0.41
Interest coverage	2	2.1	5.7	2.3	-0.8	2.5	0.8	1.5
Asset turnover	1.94	1.8	1.61	1.33	1.78	1.91	1.53	1.22
Return ratios
Return on assets %	3.7%	3.6%	9.9%	4.9%	-5.6%	4.8%	-0.9%	0.2%
Return on capital employed %	28%	27.9%	43.3%	17.1%	-7.5%	26.4%	7.5%	8.7%
Return on equity %	13.6%	12.1%	26.8%	12.9%	-17.7%	14.5%	-2.1%	0.5%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	26	31	18	32	30	4	27	58	34	20
	-18	-12	-25	-16	-14	-7	-31	-46	-37	-10
	-9	-18	6	-16	-16	3	4	-12	3	-6
Net cash flow	-0	1	-2	0	-0	0	-0	0	-0	5
Free cash flow	5	20	-4	17	20	-14	-3	18	3	-14
CFO / Operating profit %	90.9%	102.9%	—	—	43%	10.4%	—	98.3%	119.2%	58.3%

Kriti Industries (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

14

1

Announcements

14

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Kriti Industries (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends14

Board meetings1

Announcements

Dividends14

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

14

1

14

1