NSE: KIRIINDUS · BSE: 532967 · ISIN INE415I01015
Kiri Industries Limited stock analysis
Kiri Industries Limited ranks #1773 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of -1.7%, quarterly sales growth of 54.5% and quarterly profit growth of 2762.3%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.01×
- CWIP indicates an active capacity pipeline
Risks and constraints
- CFO/EBITDA is below 0.6×
- Extreme base-effect growth requires manual validation
- Operating margin has compressed materially
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,497cr | ₹121cr | ₹389cr | 8.0% |
| 2023 | ₹945cr | ₹-37cr | ₹107cr | -4.0% |
| 2024 | ₹949cr | ₹-12cr | ₹133cr | -1.3% |
| 2025 | ₹740cr | ₹-54cr | ₹265cr | -7.0% |
| 2026 | ₹840cr | ₹-221cr | ₹5,567cr | -26.0% |
| TTM | ₹950cr | ₹-189cr | ₹5,847cr | -20.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Kiri Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2026
RoutineKiri Industries Ltd - 532967 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 29 Sept 2026Proceeding of AGM held on Tuesday, 29th September, 2026 through Video Conference ("VC")
RoutineCorrigendumNSE · 23 Sept 2026Kiri Industries Limited has informed the Exchange regarding Corrigendum to Notice of Annual General Meeting to be held on September 29, 2026
RoutineNotice Of Shareholders Meetings-XBRLNSE · 23 Sept 2026 · Structured filingKIRI INDUSTRIES LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 29-Sep-2026
KIRI INDUSTRIES LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 29-Sep-2026
Open original XBRL sourcePlease find attached herewith Corrigendum to the Notice of AGM to be held on 29-09-2026.
MANAGEMENT COMMENTARY
Signals from filed documents
Our major raw materials are linked to crude oil prices, which increased during the quarter, resulting in higher input and operating costs. However, improved average selling realizations across our product portfolio, together with effective pass-through of higher raw material costs, supported our material margins and helped sustain profitability. We continued to see improving business conditions across our Dyes, Dyes
India’s export landscape has remained stable amidst a challenging and volatile geopolitical environment. Total exports grew by about 5.5%, attributed to strong market diversification and resilience across key export sectors. In particular, there was a marked increase in merchandise exports due to the demand for engineering goods, electronics and pharmaceuticals.
Yet the sector’s long-term thesis remains intact. Despite margin pressures from volatile raw material prices, tightening environmental regulations and intensifying international competition, India’s chemicals industry stands on a foundation of strategic advantage. Innovation-led product development, proactive regulatory adaptation and an expanding global customer base are already reshaping the sector’s trajectory.
The adjusted (standalone) EBITDA for FY 25-26, net of the above measurement transactions, amounts to Rs.78.51 Crore. Finance costs reduced sharply by 93% to INR 3.05 crore following repayment of borrowings and continued deleveraging efforts, reflecting improved balance sheet strength and prudent financial management. The Company recognized exceptional income of INR 5,881.23 crore primarily relating to the DyStar tran
Our approach will remain disciplined and measured, ensuring that any acquisition strengthens our market position, complements our capabilities and delivers long- term shareholder value. As we look ahead, we are confident that KIL’s strong financial foundation, entrepreneurial spirit and strategic growth initiatives position us to capitalize on the opportunities before us. With a balanced approach to organic expansion
The proposed transaction of upto ` 7,500 Crores (Rupees Seven Thousand and Five Hundred Crores Only) will be executed within a period of 2 consecutive financial years i.e. Justification as to why the RPTs proposed to be entered into are in the interest of the listed entity IACL is in the process of establishing a 5 LTPA greenfield copper smelter & refinery plant and other downstream products (”project”) near Lunsapur
As per Deloitte, chemicals demonstrate a softer demand in automotive, construction, and consumer goods; however, they make up to 9-14% of the bill of materials for electronic devices and semiconductor growth could boost demand for specific products. Speciality chemicals are displaying higher margins for their customised products and are able to avoid the extremely competitive commodity chemicals markets. Themes of su
(Electronic & Communication), MBA (Wayne State University, USA) Brief resume and nature of expertise in specific functional areas Presently, he is responsible for formulating and implementing the Company’s strategic initiatives and overseeing its overall business operations. Under his leadership, the Company has embarked on a robust growth trajectory by establishing large-scale manufacturing facilities and achieving
Additionally, the workforce required continuous upskilling to keep pace with rapid technological advancements. Adhering to stringent environmental and regulatory standards emerged as a critical requirement for sustaining growth in international markets. These factors collectively pressured operational margins.
Your Company has taken up various Corporate Social Responsibility (“CSR”) initiatives and enhanced value in the society. Your Company has formulated CSR Policy which was approved by the Board of Directors. The said policy encompasses its philosophy and guides its sustained efforts for undertaking and supporting socially useful programmes for the welfare & sustainable development of the society.
Amid global volatility in this industry value creation declined, with base chemicals taking the brunt as compared to specialty chemicals. Subdued export markets and global overcapacity kept its participation in the global chemicals value chains limited. Insufficient feedstock, logistical inefficiencies and skill efficiencies impacted cost competitiveness.
On a consolidated basis, revenue from operations from Quarter 1 FY 2027 stood at INR 312 crores, registering a growth of 55% year-on-year. The growth was led principally by improved price realizations across the product portfolio rather than by volume. Consolidated EBITDA, including share of profit of associates and joint ventures, stood at INR 37 crores, with an EBITDA margin of 7.84%, with profit after tax stood at
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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