Kiri Industries

Why is Kiri Industries Ltd falling/rising?

As of 16-Aug, Kiri Industries Ltd's stock price is at 411.90, down 0.64%. Despite recent sales growth, the company faces significant long-term challenges, including negative operating profit growth and poor debt servicing ability, leading to a substantial decline in stock performance.

As of 16-Aug, Kiri Industries Ltd's stock price is falling, currently at 411.90, reflecting a decrease of 2.65 (-0.64%). The stock has been on a downward trend, having lost 5.36% over the last two days and underperforming its sector by 3.01% today. Over the past week, the stock has declined by 3.85%, contrasting with a slight decline of 0.62% in the Sensex.<BR><BR>Despite reporting strong growth in net sales of 24.69% and positive results in the last two quarters, the company's long-term fundamentals appear weak. It has experienced a staggering -231.94% CAGR growth in operating profits over the last five years and has a negative EBITDA of Rs. -188.78 crore. Additionally, the company's ability to service its debt is concerning, indicated by a poor EBIT to Interest ratio of -1.09. <BR><BR>The stock has also significantly underperformed the market over the past year, with a return of -21.67% compared to the BSE500's positive return of 3.82%. Furthermore, domestic mutual funds hold no stake in the company, which may suggest a lack of confidence in its current valuation or business prospects. Overall, these factors contribute to the stock's decline, overshadowing its recent positive sales growth and profitability improvements.

Which are the latest news on Kiri Industries?

Should I buy, sell or hold Kiri Industries Ltd?

Who are in the management team of Kiri Industries?

The management team of Kiri Industries includes Manish P Kiri (Chairman & Managing Director), Suresh Gondalia (Company Secretary & Compliance Officer), and four Independent Directors: Keyoor M Bakshi, Mukesh Desai, Veena Jayntilal Padia, and Ulrich Hambrecht. They oversee the company's operations and strategic direction.

The management team of Kiri Industries includes the following key individuals:<BR><BR>1. **Manish P Kiri** - Chairman & Managing Director<BR>2. **Suresh Gondalia** - Company Secretary & Compliance Officer<BR>3. **Keyoor M Bakshi** - Independent Director<BR>4. **Mukesh Desai** - Independent Director<BR>5. **Veena Jayntilal Padia** - Independent Director<BR>6. **Ulrich Hambrecht** - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does Kiri Industries do?

Kiri Industries Ltd, a small-cap company in the Dyes and Pigments industry, was established in 1998 and reported net sales of 312 Cr and net profit of 290 Cr for June 2026. The company has a market cap of INR 2,851 Cr and key financial metrics include a P/E ratio of 3.00 and a return on equity of 7.85%.

Overview:<BR>Kiri Industries Ltd operates in the Dyes and Pigments industry and is categorized as a Small Cap company.<BR><BR>History:<BR>Kiri Industries Limited was incorporated in May 1998 as 'Kiri Dyes & Chemicals Private Limited' in Ahmedabad, Gujarat. The company transitioned to a Public Limited Company and changed its name to 'Kiri Dyes and Chemicals Limited'. On March 8, 2011, the name was further changed to Kiri Industries Limited. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 312 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 290 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 2,851 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 3.00<BR>- Industry P/E: 20<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.63<BR>- Return on Equity: 7.85%<BR>- Price to Book: 0.44<BR><BR>Contact Details:<BR>Address: 7th Floor Hasubhai Chamber, Opp Town Hall Ellisbridge Ahmedabad Gujarat : 380006<BR>Tel: 991-79-26574371/72/73<BR>Email: info@kiriindustries.com<BR>Website: http://www.kiriindustries.com

Who are the peers of the Kiri Industries?

Kiri Industries' peers include Sudarshan Chem, Sh.Pushkar Chem, Ultramarine Pig, and Bhageria Industries, among others. Kiri Industries has below-average management and growth risks, with a 1-year return of -21.88%, compared to Bhageria Industries' highest return of 16.97%.

Peers: The peers of Kiri Industries are Sudarshan Chem, Sh.Pushkar Chem., Ultramarine Pig., Sudarshan Colora, Bhageria Indust., Bodal Chemicals, Asahi Songwon, Poddar Pigments, and AksharChem (I).<BR><BR>Quality Snapshot: Excellent capital structure is observed at Sh.Pushkar Chem., Ultramarine Pig., Sudarshan Colora, Bhageria Indust., and Poddar Pigments, while Average management risk is found at Sudarshan Chem, Sh.Pushkar Chem., Ultramarine Pig., Sudarshan Colora, Bhageria Indust., and Asahi Songwon, and the rest. Below Average management risk is noted at Kiri Industries, Bodal Chemicals, and AksharChem (I), with Below Average growth also seen at Kiri Industries, Bodal Chemicals, and Asahi Songwon, while Average growth is found at Sudarshan Chem, Sh.Pushkar Chem., Ultramarine Pig., Sudarshan Colora, Bhageria Indust., and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bhageria Indust. at 16.97%, while Kiri Industries has a 1-year return of -21.88%, which is lower than that of Bhageria Indust. The peer with the lowest 1-year return is Sudarshan Chem at -27.26%. Additionally, the six-month return is negative for Kiri Industries, Sudarshan Chem, Ultramarine Pig., and AksharChem (I).

How big is Kiri Industries?

As of 14th August, Kiri Industries Ltd has a market capitalization of 2,691.44 Cr, with recent Net Sales of 949.89 Cr and a Net Profit of 5,846.60 Cr.

As of 14th August, Kiri Industries Ltd has a market capitalization of 2,691.44 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Kiri Industries reported Net Sales of 949.89 Cr and a Net Profit of 5,846.60 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 3,246.63 Cr and Total Assets of 4,703.36 Cr.

When is the next results date for Kiri Industries Ltd?

The next results date for Kiri Industries Ltd is 12 August 2026.

The next results date for Kiri Industries Ltd is scheduled for 12 August 2026.

Are Kiri Industries Ltd latest results good or bad?

Kiri Industries Ltd's latest Q4 FY26 results show significant sales growth of 44.31% QoQ, but a drastic net profit decline of 89.76% QoQ and a negative operating margin of -56.83%, indicating serious operational challenges and financial distress. Investors should exercise caution due to these underlying issues.

Kiri Industries Ltd's latest results for Q4 FY26 indicate a challenging situation for the company. While net sales increased significantly by 44.31% quarter-on-quarter and 22.18% year-on-year, reaching ₹250.50 crores, the consolidated net profit saw a drastic decline of 89.76% QoQ and a staggering 707.70% YoY drop, amounting to ₹514.36 crores. <BR><BR>The operating margin, which is a critical indicator of operational efficiency, fell to -56.83%, marking the worst performance in eight quarters. This negative margin means the company is losing money on its core operations, with every ₹100 of revenue resulting in a loss of ₹56.83 before accounting for interest, depreciation, or taxes. <BR><BR>Overall, while the sales growth might seem positive, the underlying operational losses and deteriorating margins suggest significant challenges ahead. Investors should be cautious, as the company's financial health appears to be in distress, reflecting deeper structural issues rather than a temporary setback.

Is Kiri Industries technically bullish or bearish?

As of December 4, 2025, the technical trend is mildly bullish, supported by the weekly MACD, Bollinger Bands, and OBV, despite some mixed signals from other indicators like the daily moving averages and monthly MACD.

As of 4 December 2025, the technical trend has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive stance, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the bullish outlook. The daily moving averages are mildly bearish, which introduces some short-term weakness. The KST is bullish weekly but mildly bearish monthly, and Dow Theory shows a mildly bullish weekly stance but mildly bearish monthly. The OBV is mildly bullish on both time frames. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD, Bollinger Bands, and OBV, despite some mixed signals from other indicators.

How has been the historical performance of Kiri Industries?

Kiri Industries has experienced significant declines in net sales and operating profit from Mar'22 to Mar'25, with net sales dropping from 1,496.91 Cr to 740.03 Cr and operating profit turning from a profit of 123.27 Cr to a loss of 53.92 Cr. Despite a recovery in consolidated net profit to 264.74 Cr in Mar'25, the company faces increasing liabilities and negative cash flow since Mar'24.

Answer:<BR>The historical performance of Kiri Industries shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Kiri Industries has experienced a decline in net sales from 1,496.91 Cr in Mar'22 to 740.03 Cr in Mar'25, with a notable drop in Mar'23 to 945.07 Cr. Total operating income followed a similar trend, decreasing from 1,496.91 Cr in Mar'22 to 740.03 Cr in Mar'25. The raw material cost peaked at 1,021.09 Cr in Mar'22 but has since decreased to 435.32 Cr in Mar'25. Operating profit (PBDIT) saw a significant decline, moving from a profit of 123.27 Cr in Mar'22 to a loss of 53.92 Cr in Mar'25. The profit before tax also turned negative, dropping from a profit of 68.32 Cr in Mar'22 to a loss of 110.69 Cr in Mar'25. Despite these losses, the consolidated net profit showed a recovery to 264.74 Cr in Mar'25, up from 166.23 Cr in Mar'24, although it was lower than the 388.77 Cr in Mar'22. The company’s total liabilities increased from 3,060.93 Cr in Mar'22 to 4,703.36 Cr in Mar'25, with long-term borrowings rising sharply from 26.71 Cr in Mar'22 to 1,114.26 Cr in Mar'25. Cash flow from operating activities has been negative since Mar'24, with a significant outflow of 341.00 Cr in Mar'25. Overall, Kiri Industries has faced challenges in sales and profitability while managing increasing liabilities and fluctuating cash flows.

Is Kiri Industries overvalued or undervalued?

As of February 13, 2023, Kiri Industries is considered overvalued and risky, with a PE ratio of 13.72 and negative EV to EBITDA, especially when compared to peers like Sudarshan Chemicals and Ultramarine Pigments, despite a strong annual return of 97.36% that has recently underperformed the Sensex.

As of 13 February 2023, the valuation grade for Kiri Industries has moved from attractive to risky, indicating a shift in market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 13.72, an EV to EBITDA of -112.60, and a PEG ratio of 0.21, which suggest that despite a low PE ratio, the negative EV to EBITDA raises concerns about profitability and valuation sustainability.<BR><BR>In comparison to peers, Kiri Industries' valuation appears unfavorable, particularly against Sudarshan Chemicals, which has a PE ratio of 71.32, and Ultramarine Pigments, with a PE of 20.04. The significant disparity in valuation metrics highlights Kiri's risk profile within the industry. Additionally, while Kiri Industries has outperformed the Sensex over the past year with a return of 97.36% compared to the Sensex's 7.58%, its recent performance has lagged behind the index in shorter time frames, further emphasizing the need for caution in its valuation assessment.

Who are the top shareholders of the Kiri Industries?

The top shareholders of Kiri Industries include Anupama Manishkumar Kiri, the largest promoter with 12.19% of shares, and 49 Foreign Institutional Investors holding 25.94%. Additionally, Griffin Growth Fund Vcc is the highest public shareholder at 8.67%, while individual investors own 30.86% of the total shares.

The top shareholders of Kiri Industries include a mix of promoters and institutional investors. The largest promoter is Anupama Manishkumar Kiri, who holds 12.19% of the shares. The company has a significant portion of its shares pledged by promoters, totaling 78.4942%. Among institutional investors, 49 Foreign Institutional Investors (FIIs) collectively hold 25.94% of the shares. Additionally, the highest public shareholder is Griffin Growth Fund Vcc, with a holding of 8.67%. Individual investors also hold a substantial portion, accounting for 30.86% of the total shares.

Has Kiri Industries declared dividend?

Kiri Industries Ltd has declared a 5% dividend, amounting to 0.5 per share, with an ex-date of September 17, 2020. Despite this, the dividend yield is 0%, and total returns have varied significantly across periods, with notable price returns of 96.36% over one year and 100.98% over two years.

Kiri Industries Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: 17 Sep 20<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -0.04%, with a dividend return of 0%, resulting in a total return of -0.04%.<BR><BR>For the 1-year period, the price return was 96.36%, with a dividend return of 0%, leading to a total return of 96.36%.<BR><BR>Over the 2-year period, the price return was 100.98%, and the dividend return was 0%, giving a total return of 100.98%.<BR><BR>In the 3-year period, the price return was 21.16%, with a dividend return of 0%, resulting in a total return of 21.16%.<BR><BR>For the 4-year period, the price return was 1.29%, and the dividend return was 0%, leading to a total return of 1.29%.<BR><BR>In the 5-year period, the price return was 60.57%, with a dividend return of 0.11%, resulting in a total return of 60.68%.<BR><BR>Overall, Kiri Industries has declared a dividend, but the dividend yield remains at 0%. The total returns over various periods show significant price returns, particularly in the 1-year and 2-year periods, indicating strong performance despite the lack of consistent dividend returns.