Kiri Industries Limited

Kiri Industries Limited

468.65
INR
-8.20
(-1.72%)
930.68EPS
0.40P/E
24.84BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
363.8
448.23
408.5
400.11
384.26
432.03
386.56
280.18
362.21
176.75
133.95
136.82
140.64
154.42
Basic EPS, GAAP
5.22
87.42
77.63
95.39
124.92
52.36
114.49
75.1
95.57
20.58
32.07
49.69
952.62
950.49
Free Cash Flow per Basic Share
68.65
-64.06
71.71
40.95
-0.51
8.32
3.4
-1.68
13.45
12.82
-16.33
-140.56
730.41
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
2.3
0.5
- -
- -
- -
- -
- -
- -
Book Value per Share
94.59
196.89
239.3
370.81
464.46
500.04
575.07
649.73
496.32
516.9
537.04
583.62
1,072.32
- -
Tangible Book Value per Share
94.55
196.87
239.27
367.37
461.66
497.79
573.41
648.48
495.78
516.61
537.01
583.62
1,072.3
- -
Basic Weighted Avg Shares
19
21
25
28
29
31
33
34
41
52
52
53
58
62
Sales/Revenue/Turnover
6,912
9,308
10,299
11,141
11,013
13,541
12,678
9,420
14,734
9,162
6,943
7,290
8,218
9,499
Operating Margin (%)
5.22
7.66
10.71
11.76
13.54
14.56
11.35
4.13
4.91
-8.8
-14.9
-13.04
-10.21
-24.85
Depreciation Expense
366
284
269
291
341
376
444
461
502
489
456
445
469
473
Net Income, GAAP
99
1,815
1,957
2,656
3,580
1,641
3,755
2,525
3,888
1,067
1,662
2,647
55,665
58,466
Effective Tax Rate (%)
- -
- -
13
4.9
4.86
16.92
6.57
4.87
3.81
12.78
0.07
- -
3.72
3.95
Profit Margin (%)
1.43
19.5
19
23.84
32.51
12.12
29.62
26.8
26.39
11.64
23.94
36.32
677.36
615.51
Working Capital
486
3,369
171
734
1,803
1,725
1,579
1,390
1,129
616
-3,133
4,421
41,591
- -
LT Debt
4,956
7,346
2,614
1,514
1,499
1,423
895
887
267
412
239
11,149
49
- -
Total Equity
1,797
4,474
6,353
10,325
14,047
15,673
19,334
21,844
25,726
26,793
27,837
32,466
64,452
- -
Return on Invested Capital (%)
- -
- -
2.24
10.32
10.14
9.77
7
1.68
2.78
-2.6
-3.66
- -
102
- -
Return on Capital (%)
- -
- -
22.6
23.97
25.78
10.13
19.94
11.62
15.73
4.13
6.66
- -
105.91
- -
Return on Common Equity (%)
5.41
57.89
36.15
31.85
29.38
11.04
21.45
12.26
16.35
4.06
6.09
8.78
114.97
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
370
- -
LT Borrowings
- -
39
- -
LT Finance Leases
- -
10
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
65
Market Capitalization
43,570
20,216
24,842

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
46,977
- -
Cash, Cash Equivalents & STI
- -
36,081
- -
Accounts Receivable, Net
- -
1,040
- -
Inventories
- -
1,693
- -
Total Current Liabilities
- -
5,386
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
370
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.74%
28.19%
98.52%
Free Cash Flow
-339.94%
-232.47%
-669.92%
Net Income, GAAP
221.16%
419.84%
2,002.66%
Sales/Revenue/Turnover
1%
2.42%
12.73%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,834
1,730
1,786
2,050
7,290
2026
2,021
2,134
1,736
2,505
8,218
2027
3,124
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
17.79
15.49
28.47
-15.37
49.69
2026
1.91
3.27
834.39
84.13
952.62
2027
44.89
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Manishbhai Pravin Kiri
Full Time Employees
1,269
Sector
Process industries
Industry
Chemicals: specialty
Address
Plot No 299/1/A & B Ahmedabad GU India 382445
IPO Date
Apr 22, 2008
Business
Kiri Industries Limited manufactures and exports a wide range of dyes, dye intermediates, and basic chemicals from India, operating fully integrated facilities with backward integration capabilities; its core products include reactive dyes (36,000 MTPA capacity), disperse dyes (8,000 MTPA), acid dyes, and direct dyes produced at its Ahmedabad site, alongside dye intermediates such as vinyl sulphone (18,000 MTPA), H-acid (7,200 MTPA), acetanilide (12,000 MTPA), and other naphthalene- and aniline-based speciality intermediates at its Vadodara facility, as well as basic chemicals encompassing sulphuric acid (280 TPD), oleum (23%-70%), chloro-sulphonic acid (100 TPD), and thionyl chloride (150 TPD) with a 3.3 MW steam-based power plant at the same location. The company serves diverse sectors including textiles (cotton fabrics, carpets, bed sheets, apparel, hosiery), leather processing, paper, pharmaceuticals, fertilizers, automobile batteries, sugar bleaching, water treatment, steel manufacturing, and sulfonation agents, with products marketed in India and over 50 countries across seven continents including the Americas, Europe, Africa, Middle East, Asia-Pacific, and Australia. Founded in 1998 as Kiri Dyes and Chemicals Private Limited and renamed Kiri Industries Limited in 2011, it is headquartered at 7th Floor, Hasubhai Chambers, Opp. Town Hall, Ellisbridge, Ahmedabad, Gujarat 380006, India, and listed on the Bombay Stock Exchange and National Stock Exchange under ticker KIRIINDUS.NS; it maintains ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, GOTS, Bluesign System Partner, and ZDHC certifications, emphasizing zero liquid discharge and sustainability. Recent developments include a milestone Singapore International Commercial Court judgment in 2024 ordering the en-bloc sale of DyStar with priority payment of US$603.8 million to Kiri by December 31, 2025 for its stake, alongside strategic diversification through subsidiary Indo Asia Copper Limited into a Rs10,661 crore integrated copper smelter (5 lakh TPA capacity producing cathodes, wire rods, tubes, precious metals) and fertilizer complex (phosphoric acid, DAP, NPK) in Jafrabad, Gujarat, with land acquisition partially completed, environmental clearances secured, basic engineering done, machinery orders placed, and construction initiated as of Q2 FY26; the project advances in phases with initial Rs2,450 crore investment targeting 200,000 tons copper and 500,000 tons DAP/NPK annually operational within 24-36 months, aligning with India's self-reliance in critical sectors.