TickerSutra

NSE: KRYSTAL · BSE: 544149 · ISIN INE0QN801017

Krystal Integrated Services Limited stock analysis

Krystal Integrated Services Limited ranks #2327 in the TickerSutra evidence-ranked universe with a score of 47/100 and 87% data confidence. The latest captured fundamentals show ROCE of 16.1%, quarterly sales growth of 11.7% and quarterly profit growth of 51.4%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE47/100

Avoid / exit review

#2327 of 5,430 ranked equities
Market capitalisation₹924.93cr
ROCE16.1%
Quarterly sales growth11.7%
Quarterly profit growth51.4%
P/E ratio14.2×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.24×
  • 21.9% three-year sales CAGR
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹550cr₹45cr₹26cr8.0%
2023₹703cr₹63cr₹38cr9.0%
2024₹1,022cr₹69cr₹49cr7.0%
2025₹1,206cr₹78cr₹63cr6.0%
2026₹1,273cr₹85cr₹64cr7.0%
TTM₹1,315cr₹85cr₹65cr6.0%
Debt / equity0.24×
CFO / EBITDA0.31×
Operating margin6.0%
Free cash flow₹11cr
Sales CAGR · 3Y21.9%
Profit CAGR · 3Y19.0%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts7 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Operating leverageHigh severity · 3 mentions
Positive catalyst

Our EBITDA, excluding the ot her income for the year, stood at INR83.53 crores, up by 7.5% year-on-year. EBITDA margin is 6.54%, an improvement of 13 basis points over FY '25, reflecting operational efficiency, better operational leverage and improvement in business mix. Our PAT duri ng the period is INR64.35 crores as against INR62.5 crores in FY '25, up by nearly 3%.

Margin expansionHigh severity · 1 mention
Positive catalyst

Operational Leverage through Scale As the business continues to expand, Krystal has room to build operating leverage on its centralised procurement, technology platforms, standardised operating procedures, and shared support functions across a larger client base. Scale also improves workforce deployment, supervision, and resource utilisation, supporting productivity gains and long-term margin expansion while strength

Customer concentrationModerate severity · 3 mentions
Risk easing

Financial risks are managed through disciplined cash flow and working capital controls. T o mitigate customer concentration risk, the Company is expanding its pan-India footprint and client base across multiple sectors. Regulatory and market risks are mitigated through compliance oversight and business diversification.

Regulatory updatesModerate severity · 31 mentions
Watch

Providers that combine trained manpower with technology-enabled monitoring, measurable service delivery, and centralised reporting are gaining a competitive edge in the organised security market. Regulatory Reforms Accelerating Industry Formalisation The Private Security Agencies (Regulation) Act (PSARA), 2005, together with the Central Model Rules, 2020, has strengthened requirements relating to licensing, personnel

Regulatory approvalLow severity · 24 mentions
Watch

g) Policy for determination of materiality of events or information: The Company has a robust governance framework to ensure timely, accurate, and transparent disclosures to the Stock Exchanges in compliance with applicable regulations. All price sensitive information and statutory disclosures are reviewed through defined controls and approved by authorised officials before dissemination, ensuring consistency, credib

Export market updatesLow severity · 1 mention
Constructive

The market sizing excludes in-house HR and payroll operations, informal or unorganised staffing arrangements, standalone HR software revenues (without service components), and pure gig/freelance marketplace platforms not operating under organised staffing or managed service models Source: Integrated Facility Management & Allied Services - Indian Industry Landscape (2026-2031), Mordor Intelligence KEY DEMAND DRIVERS A

Institutional interestLow severity · 2 mentions
Watch

The schedule of such meetings is disseminated to the Stock Exchanges in compliance with SEBI Listing Regulations and is also made available on the website of the Company at https:/ /krystal-group.com/press- releases/ and https:/ /krystal-group.com/investor- presentation/. Official press releases and investor presentations made to the media, institutional investors/analysts, etc. are generally intimated to the Stock E

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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