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 ₹ 1,595 Cr.
- Current Price ₹ 1,069
- High / Low ₹ 1,145 / 503
- Stock P/E 53.6
- Book Value ₹ 114
- Dividend Yield 0.09 %
- ROCE 24.3 %
- ROE 18.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 93.1 to 35.6 days.
Cons
- Stock is trading at 9.41 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 64 | 106 | 194 | 221 | |
| 55 | 90 | 163 | 184 | |
| Operating Profit | 9 | 16 | 31 | 38 |
| OPM % | 14% | 15% | 16% | 17% |
| 1 | 1 | 3 | 2 | |
| Interest | 1 | 2 | 2 | 1 |
| Depreciation | 2 | 2 | 3 | 3 |
| Profit before tax | 7 | 13 | 30 | 36 |
| Tax % | 21% | 26% | 26% | |
| 5 | 10 | 22 | 30 | |
| EPS in Rs | 4.63 | 7.16 | 15.76 | 20.44 |
| Dividend Payout % | 0% | 0% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 91% |
| 1 Year: | 52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 11 | 14 | 14 | 15 |
| Reserves | 29 | 93 | 117 | 155 |
| 19 | 9 | 9 | 1 | |
| 25 | 18 | 22 | 23 | |
| Total Liabilities | 85 | 133 | 163 | 193 |
| 12 | 15 | 22 | 22 | |
| CWIP | 2 | 0 | 2 | 4 |
| Investments | 0 | 0 | 6 | 10 |
| 70 | 119 | 134 | 158 | |
| Total Assets | 85 | 133 | 163 | 193 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -7 | -3 | -11 | |
| 1 | -37 | 5 | |
| 6 | 45 | 2 | |
| Net Cash Flow | 0 | 5 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 154 | 90 | 36 |
| Inventory Days | 313 | 210 | 270 |
| Days Payable | 248 | 86 | 30 |
| Cash Conversion Cycle | 219 | 214 | 276 |
| Working Capital Days | 122 | 138 | 137 |
| ROCE % | 17% | 24% |
Documents
Announcements
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Agreements
14 January 2026 - Krishna Defence signs 51:49 JV with VABO to manufacture defence and maritime composites; paid-up capital Rs1,00,000.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 January 2026 - RTA confirms Reg 74(5) non-applicable for quarter ended 31 Dec 2025; all shares demat.
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Trading Window
26 December 2025 - Trading window closed Jan 1, 2026 until 48 hours after Q3 (31 Dec 2025) unaudited results.
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General Updates
26 December 2025 - Listing approval for 14,919,026 equity shares; trading on NSE Main Board from December 30, 2025.
Annual reports
Concalls
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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