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Prices as of 9 Oct 2026 close · Not investment advice

Kiri Industries Limited

NSE: KIRIINDUSDyes And Pigments

Share price

₹544.25

+0.31% close of 9 Oct 2026

Market cap ₹3,266 CrP/E 4.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

54

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹3,266 Cr

P/E ratio

4.1

P/B ratio

0.5

ROCE

3.4%

ROE

-9.1%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹725.3052-week low ₹338.30

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 25.2% over the past year, and 5.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 5.5% to -21.5% over the last four years.

Whether it grew faster than its sector

It grew 5.9% a year against a sector median of 10.2% — 4.3 percentage points slower.

Room to re-rate, or risk of de-rating

At 4.1× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 23.3×, across 5 companies. It is against its own five-year median of 9.2×, the 3rd percentile of its own range.

Whether growth justifies the valuation

It has no steady three-year profit record yet, so growth cannot be weighed against the price.

Profit growthPrice per ₹1 profitPer 1% growth
Kiri Industries Limited — this one—4.1×—
Sudarshan Chemical Industries Limited-25%/yr92.4×—
Bodal Chemicals Limited-16%/yr31.7×—
Bhageria Industries Limited45%/yr23.3×₹0.52
Shree Pushkar Chemicals & Fertilisers Limited23%/yr21.8×₹0.95
Ultramarine & Pigments Limited5%/yr13.1×₹2.6

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Dyes And Pigments), it ranks 10 of 11 on returns, 9 of 11 on growth, 11 of 11 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 3.4% on capital, ahead of 9% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹4333 crore of cash from the business, spent ₹762 crore on plant and equipment, and returned ₹165 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 62 arrived as cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 10 checks clear · 70%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Profit of INR291 cr is almost all treasury income; dyes margin 5.9% against 10-15% guided

Announced 12 Aug 2026 · Consolidated · Unaudited

Revenue

₹312 Cr

Revenue vs last year

+54.6%

Revenue vs last quarter

+24.9%

Net profit

₹291 Cr

Profit vs last year

+2807.0%

Profit vs last quarter

-43.4%

Net margin

93.1%

EPS

₹44.89

Earnings call transcript · 13 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹3,266 Cr
Prev close
₹544.25
52w High
₹779
52w Low
₹334
Enterprise value
-₹803 Cr
Beta
1.4
Price CAGR 1y
-6.0%
Price CAGR 3y
28.0%
Price CAGR 5y
1.0%
Price CAGR 10y
5.0%

Ratios

Return on assets
79.1%
PEG ratio
—
P/E ratio
4.1
P/B ratio
0.5
EV / EBITDA
—
Industry P/E
22.1
ROCE
3.4%
ROCE 5y average
8.0%
ROE
-9.1%
Debt / Equity
0.0
Interest coverage
30.7
Dividend yield
0.0%
ROE 3y average
0.0%
ROE last year
-9.0%

Annual P&L

Annual revenue
₹840 Cr
Annual profit
₹5,567 Cr
Operating margin
-12.0%
Net profit margin
662.7%
EBITDA margin
-11.8%
Sales growth 3y
-3.9%
Sales growth 5y
-2.6%
Profit growth 3y
—
Profit growth 5y
—
EPS
₹927
Sales growth TTM
25.0%
Profit growth TTM
340.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹312 Cr
Profit latest quarter
₹291 Cr
YoY quarterly sales growth
54.5%
YoY quarterly profit growth
2810.0%
OPM latest quarter
5.1%

Balance Sheet

Book Value
₹1,073
Face Value
₹10.0
Total debt
₹42 Cr
Total cash
₹1,055 Cr
Borrowings
₹42 Cr
Reserves / Equity
106.3

Cash Flow

Operating cash flow
₹4,555 Cr
Free cash flow
₹4,268 Cr
FCF yield
124.7%
Net cash flow
₹539 Cr

Shareholding

Promoter holding
41.7%
FII holding
16.8%
DII holding
1.3%
Public holding
40.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Sudarshan Chem.1,226.6096.29,7660.41103.4106.12,642.15.45.5
Kiri Industries556.254.53,6250.00290.72762.3312.454.53.4
Bodal Chemicals184.1433.82,3190.0030.4218.8709.056.15.6
Sh.Pushkar Chem.517.5023.21,6730.4122.99.4280.110.012.9
Bhageria Indust.377.5522.21,6480.6635.9199.8284.079.811.0
Ultramarine Pig.409.6014.61,1961.4628.068.2218.929.810.1
Sudarshan Colorants364.5516.38410.0020.419.1222.45.511.4
Median364.5522.74440.0519.0199.8188.929.88.5

Competes with: AksharChem India Limited, Asahi Songwon Colors Limited, Bhageria Industries Limited, Bodal Chemicals Limited, Hindprakash Industries Limited, Poddar Pigments Limited, Shree Pushkar Chemicals & Fertilisers Limited, Sudarshan Chemical Industries Limited, Sudarshan Colorants India Limited, Ultramarine & Pigments Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales227231160269183173179205202213174251312
Expenses226240180264183178223210218227222393296
Material Cost131138142124187217
Change in Inventories-12-1.142.524.113.28-14
Purchases of Stock-in-Trade182116119.5213
Employee Cost111213121213
Other Expenses6248547118168
Operating Profit2-10-2150-5-44-5-16-14-49-14216
OPM %0.76-4.30-131.900.09-2.66-25-2.47-8.02-6.41-28-575.09
Other Income12861439263515,95666286
Exceptional items (within Other Income)0005,854270
Interest4568518505460616781
Depreciation12121112111111111212121212
Profit before tax-13-26-30-9-2-31-14-64-53-855,829-97289
Tax %185-389-48-31-0-2-714-6156
Net Profit-319135-109280177-8510205,023514291
EPS in Rs-0.493.6326-1.85181532-151.823.278378645
Diluted EPS in Rs-141.75-4.547998145

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9311,0301,1251,1171,3941,3059571,497945949740840950
Expenses8319179669361,1631,1198741,3769839617949391,139
Material Cost435590
Change in Inventories-3.548.77
Purchases of Stock-in-Trade8058
Employee Cost4649
Other Expenses236354
Operating Profit10011315918123118683121-37-12-54-99-189
OPM %11111416171498-4-1.30-7-12-20
Other Income21715923392652333382152304886,1246,308
Exceptional items (within Other Income)05,881
Interest8674935545623127195137
Depreciation28272934384446504949454747
Profit before tax-13302793761984022654041221462625,7825,935
Tax %22135517754139-14
Net Profit1821962663581643762523891071332655,5675,847
EPS in Rs807495118521127575212648927970
Diluted EPS in Rs43901
Dividend Payout %000040100000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-2%
5 years
-3%
3 years
-4%
TTM
25%

Compounded profit growth

10 years
—
5 years
—
3 years
—
TTM
340%

Stock price CAGR

10 years
5%
5 years
1%
3 years
28%
1 year
-6%

Return on equity

10 years
8%
5 years
3%
3 years
0%
Last year
-9%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232728303134345252525660
Reserves4206141,0051,3451,5341,8972,1472,5212,6272,7603,1916,376
Borrowings79142918420516715315296491221,12442
Other Liabilities321270257245327321367406477478355561
Minority Interest0.008.85
Total Liabilities1,5561,3391,4731,8242,0582,4042,7003,0743,2053,4114,7257,039
Fixed Assets3683333764124845125635465104708061,067
CWIP89636323879586372736342
Investments3945687179489541,2141,4451,7811,9922,2133,1523,341
Other Assets7054333444335825996346856306557052,589
Total Assets1,5561,3391,4731,8242,0582,4042,7003,0743,2053,4114,7257,039

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-8322620664141124729289-61-3424,555
Cash from Investing Activity-247-212-105-66-119-104-70-29-180-842-3,050
Cash from Financing Activity3251-1192-16-27-7-57-56501,194-966
Net Cash Flow-616-1906-7-5614-119539
Free Cash Flow-133181102-12611-55566-69-7494,268

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days18490487066901267081885445
Inventory Days5642396369651049010510711196
Days Payable8596878981100158119213210154205
Cash Conversion Cycle15536-04455557241-27-1611-64
Working Capital Days1302195439404923-14-394121
ROCE %7925271221121656103

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters272727272732323237373742
FIIs464625403326262422201817
DIIs0.540.560.480.341.111.221.201.250.850.371.281.29
Public262748333941414340434440
No. of Shareholders32,60030,28530,81032,06732,32933,70334,65137,44834,59334,01339,69740,252

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -6.8% (₹583.80 → ₹544.25)Brick size ₹23.87 (fixed)Bricks 38
₹400₹500₹600₹700₹544Nov '25Jan '26Mar '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹544.25 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

company capacity utilisation %

60.00pct

2026-06-30

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-4,069inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

98,84,892inr

2026-03-31

News

News and filings about Kiri Industries Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • aniline
  • benzene derivatives
  • elemental sulphur
  • naphthalene

Depends on the price of

  • Crude Oil Brent

Sells to

  • Chemhub Trading DMCC · dyes / chemicals (export trading arm)
  • Lonsen Kiri Chemical Industries Ltd · dyes / dye intermediates

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Dyes And Pigments
Classification
Chemicals › Dyes And Pigments
ISIN
INE415I01015

Plants

  • Unit I, II & IV - Dye Division · Ahmedabad, Gujarat
  • Unit III - Dye Intermediate Division · Vadodara, Gujarat
  • Unit V - Chemical Division · Vadodara, Gujarat

News impact

Big market events that reach Kiri Industries Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

17 Sep 2020unspecified₹0.5
18 Sep 2019unspecified₹2
22 Sep 2011unspecified₹1.5
23 Sep 2010unspecified₹1.5
22 Sep 2009unspecified₹1.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
20 Aug 2026MICROCURVES TRADING PRIVATE LIMITEDSELL3,34,850₹469.47
20 Aug 2026MICROCURVES TRADING PRIVATE LIMITEDBUY3,34,847₹469.27

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.