Kenrik Industries Ltd
Incorporated in 2017, Kenrik Industries Ltd
is in the business of Trading of Gold and
Silver Ornaments & Bullion.[1]
- Market Cap ₹ 12.2 Cr.
- Current Price ₹ 9.77
- High / Low ₹ 27.6 / 9.50
- Stock P/E 10.1
- Book Value ₹ 18.2
- Dividend Yield 0.00 %
- ROCE 10.6 %
- ROE 7.56 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.54 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.94% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 32.30 | 38.86 | 39.95 | 51.88 | 70.77 | 74.74 | 75.07 | |
| 32.03 | 38.50 | 39.50 | 51.37 | 69.51 | 73.28 | 73.35 | |
| Operating Profit | 0.27 | 0.36 | 0.45 | 0.51 | 1.26 | 1.46 | 1.72 |
| OPM % | 0.84% | 0.93% | 1.13% | 0.98% | 1.78% | 1.95% | 2.29% |
| 0.07 | 0.17 | 0.10 | 0.16 | 0.17 | 0.04 | 0.01 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 |
| Profit before tax | 0.31 | 0.51 | 0.53 | 0.65 | 1.42 | 1.49 | 1.71 |
| Tax % | 25.81% | 25.49% | 26.42% | 27.69% | 23.94% | 32.89% | |
| 0.23 | 0.37 | 0.39 | 0.47 | 1.07 | 0.99 | 1.21 | |
| EPS in Rs | 0.43 | 0.52 | 1.19 | 1.10 | 1.16 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 23% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 36% |
| TTM: | 195% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 9.00 | 9.00 | 9.00 | 9.00 | 12.50 |
| Reserves | 0.48 | 0.87 | 2.06 | 2.54 | 3.60 | 4.60 | 10.23 |
| 0.11 | 0.13 | 0.16 | 0.57 | 0.78 | 1.06 | 0.12 | |
| 1.77 | 4.26 | 1.24 | 3.49 | 2.39 | 3.07 | 0.67 | |
| Total Liabilities | 7.36 | 10.26 | 12.46 | 15.60 | 15.77 | 17.73 | 23.52 |
| 0.13 | 0.10 | 0.10 | 0.08 | 0.06 | 0.05 | 0.05 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 7.23 | 10.16 | 12.36 | 15.52 | 15.71 | 17.68 | 23.47 | |
| Total Assets | 7.36 | 10.26 | 12.46 | 15.60 | 15.77 | 17.73 | 23.52 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0.01 | -4.82 | 0.29 | 2.20 | -2.53 | ||
| 0.00 | -0.01 | -0.51 | 0.38 | -0.24 | ||
| 0.02 | 4.83 | 0.22 | 0.07 | 0.29 | ||
| Net Cash Flow | 0.00 | -0.01 | 0.00 | 2.65 | -2.48 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 26.67 | 13.81 | 38.46 | 29.48 | 9.18 | 16.31 |
| Inventory Days | 80.86 | 64.99 | 71.71 | 56.74 | 67.09 | |
| Days Payable | 39.19 | 10.13 | 19.99 | 9.77 | 11.79 | |
| Cash Conversion Cycle | 26.67 | 55.47 | 93.32 | 81.20 | 56.16 | 71.61 |
| Working Capital Days | 61.59 | 55.23 | 101.51 | 76.97 | 48.69 | 61.73 |
| ROCE % | 8.80% | 6.16% | 5.57% | 11.14% | 10.63% |
Documents
Announcements
-
Statement Of Deviation Or Variation In Utilization Of Funds Raised Under Regulation 32 Of SEBI (LODR) Regulation, 2015 For Half Year Ended September 30, 2025
14 Nov - No deviation in use of IPO proceeds of Rs.836.25 lakhs raised May 09, 2025, fully utilized.
- Outcome Of Board Meeting Held Today I.E., November 14, 2025 14 Nov
-
Board Meeting Outcome for Result For The Quarter And Half Year Ended September 30, 2025
14 Nov - Unaudited results for quarter/half-year ended 30 Sep 2025; H1 PAT Rs58.45 lakh.
-
Board Meeting Intimation for Approval Of Financial Result For The Quarter And Half Year Ended September 30, 2025
5 Nov - Board meeting on 14-Nov-2025 to approve unaudited Q2/H1 results ended 30-Sep-2025; trading window closed.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Oct - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended on 30.09.2025
Business Overview:[1]
a) KIL is engaged in the manufacturing
and trading of plain and studded gold jewellery.
b) The company sources raw materials from local
markets in Ahmedabad, with raw gold, typically
procured from the bullion market and then designed
and moulded into traditional and modern jewellery.
c) Most designs follow traditional patterns to meet high local demand in Ahmedabad and nearby areas.
d) KIL provides its own designs and patterns to job workers who manufacture the products accordingly.
e) All jewellery and ornaments sold are quality certified