Kiri Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 24, 2025, 9:38 pm

Market Cap	3,222 Cr.
Current Price	579
High / Low	753/315
Stock P/E	12.2
Book Value	584
Dividend Yield	0.00 %
ROCE	0.45 %
ROE	8.74 %
Face Value	10.0
PEG Ratio	-1.40

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Kiri Industries Ltd

Competitors of Kiri Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Dynamic Industries Ltd	33.6 Cr.	111	136/66.8	21.1	159	0.45 %	5.65 %	3.35 %	10.0
Daikaffil Chemicals India Ltd	96.6 Cr.	161	281/105		14.8	0.00 %	16.5 %	16.4 %	10.0
Amal Ltd	751 Cr.	608	830/296	25.7	80.2	0.00 %	36.0 %	34.6 %	10.0
Vidhi Specialty Food Ingredients Ltd	2,092 Cr.	418	572/396	48.0	60.5	0.84 %	18.7 %	14.9 %	1.00
Ushanti Colour Chem Ltd	55.4 Cr.	49.4	68.4/45.1		39.6	0.00 %	0.94 %	5.95 %	10.0
Industry Average	1,673.83 Cr	342.95		36.69	168.60	0.28%	10.35%	9.17%	8.13

All Competitor Stocks of Kiri Industries Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	417	277	242	204	222	227	231	160	269	265	173	179	205
Expenses	392	285	249	221	227	226	240	180	264	248	178	223	210
Operating Profit	25	-9	-7	-17	-5	2	-10	-21	5	17	-5	-44	-5
OPM %	6%	-3%	-3%	-8%	-2%	1%	-4%	-13%	2%	6%	-3%	-25%	-2%
Other Income	1	0	0	0	3	1	2	8	6	1	3	92	6
Interest	1	1	1	2	2	4	5	6	8	6	18	50	54
Depreciation	12	12	12	12	12	12	12	11	12	12	11	11	11
Profit before tax	12	-22	-20	-31	-16	-13	-26	-30	-9	1	-31	-14	-64
Tax %	23%	21%	28%	10%	15%	18%	5%	-3%	89%	376%	-3%	1%	-0%
Net Profit	91	54	61	54	-61	-3	19	135	-10	78	80	177	-85
EPS in Rs	17.56	10.32	11.70	10.42	-11.86	-0.49	3.63	25.96	-1.85	15.08	15.49	31.80	-15.22

Last Updated: May 31, 2025, 8:40 am

Below is a detailed analysis of the quarterly data for Kiri Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 205.00 Cr.. The value appears strong and on an upward trend. It has increased from 179.00 Cr. (Dec 2024) to 205.00 Cr., marking an increase of 26.00 Cr..
For Expenses, as of Mar 2025, the value is 210.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 223.00 Cr. (Dec 2024) to 210.00 Cr., marking a decrease of 13.00 Cr..
For Operating Profit, as of Mar 2025, the value is -5.00 Cr.. The value appears strong and on an upward trend. It has increased from -44.00 Cr. (Dec 2024) to -5.00 Cr., marking an increase of 39.00 Cr..
For OPM %, as of Mar 2025, the value is -2.00%. The value appears strong and on an upward trend. It has increased from -25.00% (Dec 2024) to -2.00%, marking an increase of 23.00%.
For Other Income, as of Mar 2025, the value is 6.00 Cr.. The value appears to be declining and may need further review. It has decreased from 92.00 Cr. (Dec 2024) to 6.00 Cr., marking a decrease of 86.00 Cr..
For Interest, as of Mar 2025, the value is 54.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 50.00 Cr. (Dec 2024) to 54.00 Cr., marking an increase of 4.00 Cr..
For Depreciation, as of Mar 2025, the value is 11.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 11.00 Cr..
For Profit before tax, as of Mar 2025, the value is -64.00 Cr.. The value appears to be declining and may need further review. It has decreased from -14.00 Cr. (Dec 2024) to -64.00 Cr., marking a decrease of 50.00 Cr..
For Tax %, as of Mar 2025, the value is 0.00%. The value appears to be improving (decreasing) as expected. It has decreased from 1.00% (Dec 2024) to 0.00%, marking a decrease of 1.00%.
For Net Profit, as of Mar 2025, the value is -85.00 Cr.. The value appears to be declining and may need further review. It has decreased from 177.00 Cr. (Dec 2024) to -85.00 Cr., marking a decrease of 262.00 Cr..
For EPS in Rs, as of Mar 2025, the value is -15.22. The value appears to be declining and may need further review. It has decreased from 31.80 (Dec 2024) to -15.22, marking a decrease of 47.02.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 5:00 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	691	931	1,030	1,125	1,117	1,394	1,305	957	1,497	945	949	740
Expenses	619	831	917	966	936	1,163	1,119	874	1,376	983	961	794
Operating Profit	73	100	113	159	181	231	186	83	121	-37	-12	-54
OPM %	11%	11%	11%	14%	16%	17%	14%	9%	8%	-4%	-1%	-7%
Other Income	-28	2	17	159	233	9	265	233	338	215	230	115
Interest	80	86	74	9	3	5	5	4	5	6	23	127
Depreciation	37	28	27	29	34	38	44	46	50	49	49	45
Profit before tax	-72	-13	30	279	376	198	402	265	404	122	146	-111
Tax %	1%	22%	13%	5%	5%	17%	7%	5%	4%	13%	9%	-2%
Net Profit	10	182	196	266	358	164	376	252	389	107	133	265
EPS in Rs	5.22	79.88	73.71	95.40	118.38	52.36	111.69	75.10	75.00	20.58	25.66	47.59
Dividend Payout %	0%	0%	0%	0%	0%	4%	0%	1%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	1720.00%	7.69%	35.71%	34.59%	-54.19%	129.27%	-32.98%	54.37%	-72.49%	24.30%	99.25%
Change in YoY Net Profit Growth (%)	0.00%	-1712.31%	28.02%	-1.13%	-88.78%	183.46%	-162.25%	87.34%	-126.86%	96.79%	74.95%

Kiri Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-2%
5 Years:	-11%
3 Years:	-21%
TTM:	-22%

Compounded Profit Growth
10 Years:	4%
5 Years:	-7%
3 Years:	-12%
TTM:	99%

Stock Price CAGR
10 Years:	19%
5 Years:	6%
3 Years:	8%
1 Year:	71%

Return on Equity
10 Years:	13%
5 Years:	9%
3 Years:	6%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:50 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	19	23	27	28	30	31	34	34	52	52	52	56
Reserves	161	420	614	1,005	1,345	1,534	1,897	2,147	2,521	2,627	2,760	3,191
Borrowings	782	791	429	184	205	167	153	152	96	49	122	1,124
Other Liabilities	251	321	270	257	245	327	321	367	406	477	478	355
Total Liabilities	1,212	1,556	1,339	1,473	1,824	2,058	2,404	2,700	3,074	3,205	3,411	4,725
Fixed Assets	324	368	333	376	412	484	512	563	546	510	470	806
CWIP	111	89	6	36	32	38	79	58	63	72	73	63
Investments	196	394	568	717	948	954	1,214	1,445	1,781	1,992	2,213	3,152
Other Assets	581	705	433	344	433	582	599	634	685	630	655	705
Total Assets	1,212	1,556	1,339	1,473	1,824	2,058	2,404	2,700	3,074	3,205	3,411	4,725

Below is a detailed analysis of the balance sheet data for Kiri Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 56.00 Cr.. The value appears strong and on an upward trend. It has increased from 52.00 Cr. (Mar 2024) to 56.00 Cr., marking an increase of 4.00 Cr..
For Reserves, as of Mar 2025, the value is 3,191.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,760.00 Cr. (Mar 2024) to 3,191.00 Cr., marking an increase of 431.00 Cr..
For Borrowings, as of Mar 2025, the value is 1,124.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 122.00 Cr. (Mar 2024) to 1,124.00 Cr., marking an increase of 1,002.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 355.00 Cr.. The value appears to be improving (decreasing). It has decreased from 478.00 Cr. (Mar 2024) to 355.00 Cr., marking a decrease of 123.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 4,725.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,411.00 Cr. (Mar 2024) to 4,725.00 Cr., marking an increase of 1,314.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 806.00 Cr.. The value appears strong and on an upward trend. It has increased from 470.00 Cr. (Mar 2024) to 806.00 Cr., marking an increase of 336.00 Cr..
For CWIP, as of Mar 2025, the value is 63.00 Cr.. The value appears to be declining and may need further review. It has decreased from 73.00 Cr. (Mar 2024) to 63.00 Cr., marking a decrease of 10.00 Cr..
For Investments, as of Mar 2025, the value is 3,152.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,213.00 Cr. (Mar 2024) to 3,152.00 Cr., marking an increase of 939.00 Cr..
For Other Assets, as of Mar 2025, the value is 705.00 Cr.. The value appears strong and on an upward trend. It has increased from 655.00 Cr. (Mar 2024) to 705.00 Cr., marking an increase of 50.00 Cr..
For Total Assets, as of Mar 2025, the value is 4,725.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,411.00 Cr. (Mar 2024) to 4,725.00 Cr., marking an increase of 1,314.00 Cr..

Notably, the Reserves (3,191.00 Cr.) exceed the Borrowings (1,124.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	169	-83	226	206	64	141	124	72	92	89	-61	-342
Cash from Investing Activity +	-120	-247	-212	-105	-66	-119	-104	-70	-29	-18	0	-842
Cash from Financing Activity +	-45	325	1	-119	2	-16	-27	-7	-57	-56	50	1,194
Net Cash Flow	4	-6	16	-19	0	6	-7	-5	6	14	-11	9

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-709.00	-691.00	-316.00	-25.00	-24.00	64.00	33.00	-69.00	25.00	-86.00	-134.00	-55.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	189	175	184	90	48	70	66	90	126	70	81	88
Inventory Days	148	100	56	42	39	63	69	65	104	90	105	107
Days Payable	89	80	85	96	87	89	81	100	158	119	213	210
Cash Conversion Cycle	248	195	155	36	-0	44	55	55	72	41	-27	-16
Working Capital Days	190	108	151	7	26	55	39	40	69	40	-11	-2
ROCE %	-1%	4%	7%	9%	25%	27%	12%	21%	12%	16%	5%	6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	26.72%	26.72%	26.72%	26.72%	26.72%	26.72%	26.72%	26.72%	26.72%	26.72%	26.72%	31.72%
FIIs	49.13%	48.40%	48.43%	48.34%	46.53%	46.81%	46.35%	45.73%	24.65%	39.73%	33.37%	25.98%
DIIs	0.48%	0.47%	0.48%	0.48%	0.48%	0.48%	0.54%	0.56%	0.48%	0.34%	1.11%	1.22%
Public	23.67%	24.41%	24.36%	24.46%	26.29%	26.01%	26.40%	27.00%	48.16%	33.21%	38.80%	41.08%
No. of Shareholders	31,618	30,685	29,357	27,938	29,918	30,154	32,600	30,285	30,810	32,067	32,329	33,703

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	37,525	0.22	1.02	37,525	2025-04-22 03:02:48	0%
Groww Nifty Total Market Index Fund	88	0.01	0	88	2025-04-22 17:25:28	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	25.55	20.67	95.49	75.07	114.33
Diluted EPS (Rs.)	25.55	20.67	74.94	48.69	72.34
Cash EPS (Rs.)	-7.57	-10.82	19.89	20.20	47.62
Book Value[Excl.RevalReserv]/Share (Rs.)	542.45	516.89	496.32	643.22	568.56
Book Value[Incl.RevalReserv]/Share (Rs.)	542.45	516.89	496.32	643.22	568.56
Revenue From Operations / Share (Rs.)	183.12	182.32	288.79	284.65	388.27
PBDIT / Share (Rs.)	-0.67	-6.59	23.78	25.23	56.91
PBIT / Share (Rs.)	-10.05	-16.02	14.10	11.51	43.71
PBT / Share (Rs.)	-14.46	-17.23	13.18	10.32	42.27
Net Profit / Share (Rs.)	-16.96	-20.25	10.21	6.48	34.41
NP After MI And SOA / Share (Rs.)	25.66	20.58	75.00	75.09	111.69
PBDIT Margin (%)	-0.36	-3.61	8.23	8.86	14.65
PBIT Margin (%)	-5.49	-8.78	4.88	4.04	11.25
PBT Margin (%)	-7.89	-9.45	4.56	3.62	10.88
Net Profit Margin (%)	-9.25	-11.10	3.53	2.27	8.86
NP After MI And SOA Margin (%)	14.01	11.28	25.97	26.38	28.76
Return on Networth / Equity (%)	4.73	3.98	15.11	11.67	19.64
Return on Capital Employeed (%)	-1.83	-3.04	2.80	1.68	7.16
Return On Assets (%)	3.89	3.33	12.64	9.35	15.62
Long Term Debt / Equity (X)	0.01	0.01	0.01	0.04	0.04
Total Debt / Equity (X)	0.04	0.01	0.03	0.04	0.04
Asset Turnover Ratio (%)	0.28	0.30	0.60	0.39	0.61
Current Ratio (X)	0.98	1.13	1.24	1.35	1.45
Quick Ratio (X)	0.62	0.71	0.71	0.92	1.04
Inventory Turnover Ratio (X)	3.04	2.75	5.71	3.64	4.60
Interest Coverage Ratio (X)	-0.15	-5.41	25.78	21.16	39.56
Interest Coverage Ratio (Post Tax) (X)	-2.85	-15.63	12.07	6.43	24.92
Enterprise Value (Cr.)	1599.98	1416.91	2615.31	1489.90	987.36
EV / Net Operating Revenue (X)	1.69	1.50	1.75	1.56	0.75
EV / EBITDA (X)	-460.34	-41.50	21.22	17.56	5.16
MarketCap / Net Operating Revenue (X)	1.66	1.56	1.70	1.47	0.69
Price / BV (X)	0.55	0.54	0.98	0.64	0.47
Price / Net Operating Revenue (X)	1.66	1.56	1.70	1.47	0.69
EarningsYield	0.08	0.07	0.15	0.17	0.41

After reviewing the key financial ratios for Kiri Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 25.55. This value is within the healthy range. It has increased from 20.67 (Mar 23) to 25.55, marking an increase of 4.88.
For Diluted EPS (Rs.), as of Mar 24, the value is 25.55. This value is within the healthy range. It has increased from 20.67 (Mar 23) to 25.55, marking an increase of 4.88.
For Cash EPS (Rs.), as of Mar 24, the value is -7.57. This value is below the healthy minimum of 3. It has increased from -10.82 (Mar 23) to -7.57, marking an increase of 3.25.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 542.45. It has increased from 516.89 (Mar 23) to 542.45, marking an increase of 25.56.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 542.45. It has increased from 516.89 (Mar 23) to 542.45, marking an increase of 25.56.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 183.12. It has increased from 182.32 (Mar 23) to 183.12, marking an increase of 0.80.
For PBDIT / Share (Rs.), as of Mar 24, the value is -0.67. This value is below the healthy minimum of 2. It has increased from -6.59 (Mar 23) to -0.67, marking an increase of 5.92.
For PBIT / Share (Rs.), as of Mar 24, the value is -10.05. This value is below the healthy minimum of 0. It has increased from -16.02 (Mar 23) to -10.05, marking an increase of 5.97.
For PBT / Share (Rs.), as of Mar 24, the value is -14.46. This value is below the healthy minimum of 0. It has increased from -17.23 (Mar 23) to -14.46, marking an increase of 2.77.
For Net Profit / Share (Rs.), as of Mar 24, the value is -16.96. This value is below the healthy minimum of 2. It has increased from -20.25 (Mar 23) to -16.96, marking an increase of 3.29.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 25.66. This value is within the healthy range. It has increased from 20.58 (Mar 23) to 25.66, marking an increase of 5.08.
For PBDIT Margin (%), as of Mar 24, the value is -0.36. This value is below the healthy minimum of 10. It has increased from -3.61 (Mar 23) to -0.36, marking an increase of 3.25.
For PBIT Margin (%), as of Mar 24, the value is -5.49. This value is below the healthy minimum of 10. It has increased from -8.78 (Mar 23) to -5.49, marking an increase of 3.29.
For PBT Margin (%), as of Mar 24, the value is -7.89. This value is below the healthy minimum of 10. It has increased from -9.45 (Mar 23) to -7.89, marking an increase of 1.56.
For Net Profit Margin (%), as of Mar 24, the value is -9.25. This value is below the healthy minimum of 5. It has increased from -11.10 (Mar 23) to -9.25, marking an increase of 1.85.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 14.01. This value is within the healthy range. It has increased from 11.28 (Mar 23) to 14.01, marking an increase of 2.73.
For Return on Networth / Equity (%), as of Mar 24, the value is 4.73. This value is below the healthy minimum of 15. It has increased from 3.98 (Mar 23) to 4.73, marking an increase of 0.75.
For Return on Capital Employeed (%), as of Mar 24, the value is -1.83. This value is below the healthy minimum of 10. It has increased from -3.04 (Mar 23) to -1.83, marking an increase of 1.21.
For Return On Assets (%), as of Mar 24, the value is 3.89. This value is below the healthy minimum of 5. It has increased from 3.33 (Mar 23) to 3.89, marking an increase of 0.56.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.01. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.04. This value is within the healthy range. It has increased from 0.01 (Mar 23) to 0.04, marking an increase of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.28. It has decreased from 0.30 (Mar 23) to 0.28, marking a decrease of 0.02.
For Current Ratio (X), as of Mar 24, the value is 0.98. This value is below the healthy minimum of 1.5. It has decreased from 1.13 (Mar 23) to 0.98, marking a decrease of 0.15.
For Quick Ratio (X), as of Mar 24, the value is 0.62. This value is below the healthy minimum of 1. It has decreased from 0.71 (Mar 23) to 0.62, marking a decrease of 0.09.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.04. This value is below the healthy minimum of 4. It has increased from 2.75 (Mar 23) to 3.04, marking an increase of 0.29.
For Interest Coverage Ratio (X), as of Mar 24, the value is -0.15. This value is below the healthy minimum of 3. It has increased from -5.41 (Mar 23) to -0.15, marking an increase of 5.26.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is -2.85. This value is below the healthy minimum of 3. It has increased from -15.63 (Mar 23) to -2.85, marking an increase of 12.78.
For Enterprise Value (Cr.), as of Mar 24, the value is 1,599.98. It has increased from 1,416.91 (Mar 23) to 1,599.98, marking an increase of 183.07.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.69. This value is within the healthy range. It has increased from 1.50 (Mar 23) to 1.69, marking an increase of 0.19.
For EV / EBITDA (X), as of Mar 24, the value is -460.34. This value is below the healthy minimum of 5. It has decreased from -41.50 (Mar 23) to -460.34, marking a decrease of 418.84.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.66. This value is within the healthy range. It has increased from 1.56 (Mar 23) to 1.66, marking an increase of 0.10.
For Price / BV (X), as of Mar 24, the value is 0.55. This value is below the healthy minimum of 1. It has increased from 0.54 (Mar 23) to 0.55, marking an increase of 0.01.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.66. This value is within the healthy range. It has increased from 1.56 (Mar 23) to 1.66, marking an increase of 0.10.
For EarningsYield, as of Mar 24, the value is 0.08. This value is below the healthy minimum of 5. It has increased from 0.07 (Mar 23) to 0.08, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kiri Industries Ltd as of June 25, 2025 is: 508.13

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 25, 2025, Kiri Industries Ltd is Overvalued by 12.24% compared to the current share price 579.00

Intrinsic Value of Kiri Industries Ltd as of June 25, 2025 is: 463.82

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 25, 2025, Kiri Industries Ltd is Overvalued by 19.89% compared to the current share price 579.00

Last 5 Year EPS CAGR: -8.72%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,685.17 cr) compared to borrowings (354.50 cr), indicating strong financial stability. The company has shown consistent growth in sales (434.92 cr) and profit (168.83 cr) over the years.	The stock has a low average ROCE of 11.92%, which may not be favorable. The stock has a high average Working Capital Days of 59.33, which may not be favorable. The stock has a high average Cash Conversion Cycle of 71.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kiri Industries Ltd:
1. Net Profit Margin: -9.25%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -1.83% (Industry Average ROCE: 10.35%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 4.73% (Industry Average ROE: 9.17%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -2.85
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.62
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 12.2 (Industry average Stock P/E: 36.69)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.04
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Kiri Industries Ltd. is a Public Limited Listed company incorporated on 14/05/1998 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24231GJ1998PLC034094 and registration number is 034094. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company's Total Operating Revenue is Rs. 655.60 Cr. and Equity Capital is Rs. 55.63 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Dyes & Pigments	7th Floor, Hasubhai Chambers, Ahmedabad Gujarat 380006	investor@kiriindustries.com http://www.kiriindustries.com

Management
Name	Position Held
Mr. Manish Kiri	Chairman & Managing Director
Mr. Yagnesh Mankad	Whole Time Director
Mr. Girish Tandel	Whole Time Director
Mr. Keyoor Bakshi	Independent Director
Mr. Mukesh Desai	Independent Director
Ms. Veena Padia	Independent Director
Mr. Nanubhai Kathiria	Addnl.Independent Director
Mr. Ashokkumar Rajpara	Addnl.Independent Director

FAQ

What is the intrinsic value of Kiri Industries Ltd?

Kiri Industries Ltd's intrinsic value (as of 25 June 2025) is ₹508.13 — 12.24% lower the current market price of 579.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,222 Cr. market cap, FY2025-2026 high/low of ₹753/315, reserves of 3,191 Cr, and liabilities of 4,725 Cr.

What is the Market Cap of Kiri Industries Ltd?

The Market Cap of Kiri Industries Ltd is 3,222 Cr..

What is the current Stock Price of Kiri Industries Ltd as on 25 June 2025?

The current stock price of Kiri Industries Ltd as on 25 June 2025 is 579.

What is the High / Low of Kiri Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Kiri Industries Ltd stocks is ₹753/315.

What is the Stock P/E of Kiri Industries Ltd?

The Stock P/E of Kiri Industries Ltd is 12.2.

What is the Book Value of Kiri Industries Ltd?

The Book Value of Kiri Industries Ltd is 584.

What is the Dividend Yield of Kiri Industries Ltd?

The Dividend Yield of Kiri Industries Ltd is 0.00 %.

What is the ROCE of Kiri Industries Ltd?

The ROCE of Kiri Industries Ltd is 0.45 %.

What is the ROE of Kiri Industries Ltd?

The ROE of Kiri Industries Ltd is 8.74 %.

What is the Face Value of Kiri Industries Ltd?

The Face Value of Kiri Industries Ltd is 10.0.