Kiri Industries Limited
NSE: KIRIINDUS · Dyes And Pigments · sector
₹475.30NSE close 2026-10-26
Key numbers
Market cap₹3,097 cr
Price₹475.30
52w high / low₹779 / ₹334
P/E0.5xSector median 17.5x
P/B0.5xSector median 1.5x
Book value₹987.7
Dividend yield–Sector median 0.44%
ROE120.8%Sector median 10.0%
ROCE93.8%Sector median 11.3%
OPM599.3%Sector median 10.2%
Debt / equity0.01xSector median 0.21x
EV/EBITDA-0.2xSector median 10.8x
Interest cover44.3x
Current ratio8.72x
Sales growth 3y-3.9%Sector median +4.5%
Profit growth 3y+273.7%Sector median +7.9%
PEG0.00x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Dyes And Pigments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4,111 cr vs borrowings ₹41 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 44.3x in the last 12 months.
- 0.22% of the promoters' shares are pledged (0.1% of all shares).
- Promoter holding rose by 4.99 percentage points in a year, to 41.71% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Debtor days went from 88 (FY24) to 45 (FY26).
- No dividend in the last 5 financial years.
- Price ₹475.30 on 2026-10-26: -39.0% from the 52-week high, +42.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹725.30 · low ₹335.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 272 | 179 | 205 | 202 | 213 | 174 | 250 | 312 |
| EBITDA | 17 | -44 | -5 | -16 | -14 | 5,806 | -116 | 16 |
| OPM % | 6.3% | -24.9% | -2.5% | -8.0% | -6.4% | 3,344.5% | -46.1% | 5.1% |
| Other income | 5 | 92 | 6 | 35 | 1 | 102 | 39 | 286 |
| Net profit | 80 | 177 | -85 | 10 | 20 | 5,022 | 515 | 290 |
| EPS (₹) | 15.49 | 28.47 | -15.37 | 1.91 | -4.74 | 834.39 | 84.13 | 44.89 |
| Revenue YoY | -21.6% | -2.8% | +22.2% | +54.5% | ||||
| Profit YoY | -75.5% | +2,739.1% | – | +2,762.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,137 | 945 | 949 | 740 | 840 | 950 |
| EBITDA | 31 | -37 | -12 | -54 | 5,660 | 5,692 |
| Net profit | -9 | 107 | 133 | 265 | 5,566 | 5,847 |
| EPS (₹) | -2.36 | 20.67 | 25.55 | 44.61 | 941.32 | 958.67 |
| Revenue growth | -16.9% | +0.4% | -22.0% | +13.5% | +10.7% | |
| Profit growth | – | +24.7% | +99.0% | +2,002.6% | +3,100.5% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -3.9% | -2.6% | +10.7% |
| Net profit | +273.7% | +85.6% | +3,100.5% |
| EPS | +257.1% | +65.8% | – |
| Share price | – | +13.3% (2y) | -18.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,679 | 2,812 | 3,247 | 6,436 |
| Borrowings | – | 45 | 121 | 1,123 | 41 |
| Cash & equivalents | – | 99 | 94 | 359 | 4,111 |
| Total assets | – | 3,201 | 3,411 | 4,725 | 7,039 |
| Fixed assets | – | 508 | 470 | 805 | 1,066 |
| Capital work in progress | – | 72 | 73 | 63 | 42 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 206 | 228 | 109 | 104 |
| Inventory | – | 195 | 202 | 153 | 169 |
| Payables | – | 394 | 399 | 213 | 363 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 81 | 89 | -61 | -342 | 4,555 |
| Cash from investing | -24 | -18 | 0 | -842 | -3,050 |
| Cash from financing | -57 | -57 | 50 | 1,194 | -966 |
| Capex | 32 | 22 | 9 | 407 | 287 |
| Free cash flow | 49 | 67 | -69 | -749 | 4,268 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.0% | 4.7% | 8.2% | 86.5% |
| ROCE % | – | -3.0% | -1.8% | 0.4% | 89.4% |
| Debtor days | – | 80 | 88 | 54 | 45 |
| Inventory days | – | 103 | 105 | 110 | 94 |
| Payable days | – | 209 | 207 | 152 | 201 |
| Cash conversion cycle (days) | – | -26 | -14 | 12 | -62 |
| Working capital days | – | 24 | -3 | 218 | 1,808 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 41.71% |
| FIIs | 16.59% |
| DIIs | 1.47% |
| of which Mutual funds | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 40.22% |
| Quarter | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Apr 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 31.72% | 36.72% | 36.72% | 36.72% | 36.72% | 41.71% | 41.71% | 41.71% |
| Promoter group | % |
|---|---|
| Anupama Manishkumar Kiri | 14.58% |
| Manishkumar P Kiri | 8.26% |
| Equinaire Chemtech LLP | 5.37% |
| Hemil Manishkumar Kiri | 4.91% |
| Arunaben Pravinbhai Kiri | 4.85% |
| Late Pravinchandra Amratlal Kiri | 3.74% |
| Kiri Pravinbhai Amratlal HUF | 0.01% |
| Amisha Pravinkumar Kiri | 0.00% |
| Indochin Development Private Limited | 0.00% |
| Kiri Infrastructure Private Limited | 0.00% |
| Parkin Auto Accessories Private Limited | 0.00% |
| Chemhub Tradelink Private Limited | 0.00% |
| Kiri Peroxide Limited | 0.00% |
| Kiri Laboratories Private Limited | 0.00% |
| Metallonia Metals Private Limited (Formerly Kiri Globeink Private Limited) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Griffin Growth Fund VCC | 5.68% |
| Cresta Fund Ltd | 4.98% |
| Vikasa India EIF I Fund | 3.03% |
41,041 shareholders. Pledged: 0.22% of promoter shares.
Peers in Dyes And Pigments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUDARSCHEM | ₹8,180 cr | 113.1x | 2.4x | 2.1% | 6.4% | 6.3% | +62.0% | 0.44% |
| KIRIINDUS | ₹3,097 cr | 0.5x | 0.5x | 120.8% | 93.8% | 599.3% | -3.9% | – |
| BODALCHEM | ₹1,705 cr | 24.8x | 1.5x | 6.1% | 8.0% | 8.1% | +8.5% | 0.00% |
| SHREEPUSHK | ₹1,587 cr | 22.0x | 2.6x | 12.6% | 12.6% | 10.2% | +12.6% | 0.41% |
| BHAGERIA | ₹1,483 cr | 21.5x | 2.5x | 11.9% | 13.9% | 11.5% | +20.3% | 0.45% |
| ULTRAMAR | ₹1,078 cr | 11.7x | 1.2x | 10.0% | 13.3% | 16.9% | +12.7% | 1.63% |
| SUDARCOLOR | ₹814 cr | 17.0x | 1.4x | 8.7% | 11.3% | 6.8% | +0.6% | – |
| ASAHISONG | ₹408 cr | 11.7x | 1.5x | 13.2% | 14.2% | 12.4% | +2.0% | 0.44% |
| AKSHARCHEM | ₹311 cr | 10.8x | 1.1x | 10.4% | 8.8% | 10.6% | +3.6% | 0.22% |
| PODDARMENT | ₹267 cr | 17.5x | 0.8x | 4.3% | 6.2% | 6.0% | +3.2% | 1.59% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-23 | Other | Annual General Meeting |
| 2020-09-17 | Dividend | Dividend - Rs 0.50 Per Share |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-14 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-16 | Other | Annual General Meeting |
| 2012-09-24 | Other | Annual General Meeting |
| 2011-09-22 | Dividend | Dividend-Rs.1.50 Per Share |
| 2010-09-23 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2009-09-22 | Dividend | Dividend-Rs.1.50 Pr Share |
| 2008-09-08 | Dividend | Agm/Dividend - 15% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing and trading of Dyes, Dyes Intermediates and Basic Chemicals
| Sector | Commodities |
| Industry | Dyes And Pigments |
| Sub-industry | Dyes And Pigments |
| Symbol | KIRIINDUS |
| BSE code | 532967 |
| ISIN | INE415I01015 |
| Face value | ₹10.0 |
| Incorporated | 1998-05-14 |
| Website | www.kiriindustries.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.