Krishna Defence & Allied Industries Ltd
Incorporated in 1997, Krishna Defence
and Allied Industries Ltd designs, develops,
and manufactures a wide range of equipment for defence, security, and dairy segments[1]
- Market Cap ₹ 1,314 Cr.
- Current Price ₹ 880
- High / Low ₹ 1,240 / 623
- Stock P/E 39.5
- Book Value ₹ 112
- Dividend Yield 0.11 %
- ROCE 24.3 %
- ROE 18.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 96.4% CAGR over last 5 years
- Debtor days have improved from 93.4 to 35.6 days.
Cons
- Stock is trading at 7.89 times its book value
- Promoter holding has decreased over last 3 years: -13.4%
* 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
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 58 | 25 | 35 | 50 | 63 | 106 | 194 | |
| 52 | 21 | 30 | 43 | 54 | 90 | 163 | |
| Operating Profit | 6 | 4 | 5 | 7 | 9 | 16 | 31 |
| OPM % | 10% | 16% | 13% | 14% | 14% | 15% | 16% |
| 1 | 1 | 1 | 0 | 1 | 1 | 3 | |
| Interest | 2 | 2 | 2 | 2 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 3 |
| Profit before tax | 3 | 1 | 3 | 4 | 7 | 13 | 30 |
| Tax % | 28% | 34% | 30% | 30% | 21% | 26% | 26% |
| 2 | 1 | 2 | 2 | 5 | 10 | 22 | |
| EPS in Rs | 4.90 | 1.79 | 4.43 | 2.93 | 4.63 | 7.14 | 15.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 58% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 96% |
| 3 Years: | 107% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 84% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 8 | 11 | 14 | 14 | 15 |
| Reserves | 11 | 12 | 14 | 16 | 29 | 93 | 117 | 152 |
| 27 | 26 | 26 | 23 | 19 | 9 | 9 | 1 | |
| 23 | 20 | 12 | 21 | 25 | 18 | 22 | 23 | |
| Total Liabilities | 66 | 61 | 56 | 68 | 85 | 133 | 163 | 190 |
| 10 | 10 | 10 | 14 | 12 | 15 | 22 | 22 | |
| CWIP | 0 | 2 | 3 | 0 | 2 | 0 | 2 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 7 |
| 55 | 49 | 43 | 54 | 70 | 119 | 134 | 158 | |
| Total Assets | 66 | 61 | 56 | 68 | 85 | 133 | 163 | 190 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 3 | 7 | 2 | 4 | -7 | -3 | -11 | |
| -8 | -4 | -0 | -4 | 1 | -37 | 5 | |
| 5 | -3 | -2 | -1 | 6 | 45 | 2 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | 5 | -5 |
| Free Cash Flow | -1 | 4 | -1 | 2 | -10 | -6 | -24 |
| CFO/OP | 68% | 199% | 46% | 64% | -65% | -3% | -12% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 199 | 179 | 138 | 161 | 155 | 90 | 36 |
| Inventory Days | 106 | 1,195 | 343 | 271 | 313 | 210 | 270 |
| Days Payable | 162 | 622 | 151 | 241 | 248 | 86 | 30 |
| Cash Conversion Cycle | 143 | 752 | 330 | 191 | 219 | 214 | 276 |
| Working Capital Days | 54 | 88 | 97 | 19 | 122 | 138 | 137 |
| ROCE % | 8% | 11% | 12% | 15% | 17% | 24% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Number of Employees Count |
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| Days Sales Outstanding (DSO) Days |
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| Manufacturing Infrastructure Area Sq. Ft. |
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| Revenue Mix - Dairy % |
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| Revenue Mix - Defence % |
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| Order Book INR Million |
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| Capacity Utilization (New Plant) % |
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Documents
Announcements
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Acquisition
3 April 2026 - Krishna Defence And Allied Industries Limited has informed about Incorporation of Subsidiary "Krishna Vabo Defence Composites Private Limited"
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Analysts/Institutional Investor Meet/Con. Call Updates
1 April 2026 - Management to meet investors/analysts at Kaptify Supernovas, Mumbai on 8 April 2026, 09:00–18:00 (in-person).
-
Appointment
1 April 2026 - Mayur Chaudhari appointed CEO, Dairy Division of Krishna Defence effective 01.04.2026; 13 years' experience.
-
ESOP/ESOS/ESPS
30 March 2026 - Issued 1,196 ESOP equity shares on 30-Mar-2026; exercise price ₹304; total shares 14,933,388.
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Trading Window
30 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2026.
Annual reports
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Jun 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptAI SummaryPPT
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Jun 2022Transcript PPT
Business Overview:[1]
KDAIL develops indigenous solutions for import substitution in defense sector. It provides critical components to Indian Navy for its warships and develops special products for Indian Army. Company has in-house capabilities of designing, developing, and manufacturing a wide range of equipment for the Defence
and Dairy