Kriti Industries (India) Ltd
Incorporated in 1983, Kriti Industries Ltd manufactures premium quality piping products and solutions, accessories, gas pipe, telecom ducts, submersible pipes and casing pipes[1]
- Market Cap ₹ 412 Cr.
- Current Price ₹ 78.8
- High / Low ₹ 179 / 72.0
- Stock P/E
- Book Value ₹ 41.4
- Dividend Yield 0.00 %
- ROCE 6.02 %
- ROE -2.42 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.21% over past five years.
- Company has a low return on equity of -1.58% over last 3 years.
- Earnings include an other income of Rs.3.46 Cr.
- Company's cost of borrowing seems high
* 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 Industrial Products Plastic Products - Industrial
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 370 | 380 | 480 | 387 | 446 | 588 | 534 | 589 | 545 | 732 | 867 | 722 | 657 | |
| 345 | 360 | 442 | 357 | 416 | 558 | 489 | 522 | 505 | 740 | 807 | 694 | 647 | |
| Operating Profit | 25 | 20 | 38 | 30 | 30 | 29 | 45 | 67 | 39 | -8 | 59 | 28 | 10 |
| OPM % | 7% | 5% | 8% | 8% | 7% | 5% | 8% | 11% | 7% | -1% | 7% | 4% | 2% |
| 1 | 1 | 2 | 1 | 3 | 2 | 1 | 1 | 8 | 3 | 3 | 4 | 3 | |
| Interest | 14 | 13 | 17 | 13 | 13 | 15 | 17 | 11 | 14 | 17 | 20 | 23 | 20 |
| Depreciation | 5 | 5 | 4 | 5 | 6 | 6 | 7 | 7 | 8 | 9 | 12 | 14 | 16 |
| Profit before tax | 7 | 4 | 18 | 12 | 14 | 10 | 21 | 49 | 25 | -30 | 30 | -6 | -23 |
| Tax % | 40% | 41% | 41% | 35% | 34% | 40% | 11% | 26% | 20% | -24% | 28% | -30% | |
| 4 | 2 | 11 | 8 | 9 | 6 | 18 | 36 | 20 | -23 | 22 | -4 | -17 | |
| EPS in Rs | 0.88 | 0.42 | 2.17 | 1.64 | 1.85 | 1.21 | 3.73 | 7.27 | 4.02 | -4.64 | 4.42 | -0.84 | -3.38 |
| Dividend Payout % | 17% | 0% | 8% | 9% | 8% | 12% | 4% | 3% | 5% | 0% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 10% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -178% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 4% |
| 3 Years: | 0% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 7% |
| 3 Years: | -2% |
| Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 43 | 45 | 55 | 62 | 71 | 76 | 94 | 129 | 149 | 125 | 147 | 197 | 213 |
| 38 | 49 | 60 | 72 | 63 | 76 | 77 | 81 | 99 | 120 | 128 | 100 | 101 | |
| 134 | 91 | 103 | 105 | 118 | 154 | 177 | 150 | 156 | 161 | 174 | 170 | 103 | |
| Total Liabilities | 220 | 190 | 223 | 243 | 258 | 311 | 353 | 365 | 409 | 411 | 454 | 472 | 421 |
| 52 | 56 | 60 | 79 | 83 | 99 | 106 | 100 | 106 | 124 | 155 | 165 | 177 | |
| CWIP | 1 | 3 | 4 | 0 | 0 | 1 | 1 | 8 | 14 | 17 | 13 | 21 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 4 | 4 |
| 167 | 130 | 159 | 165 | 174 | 212 | 246 | 256 | 290 | 268 | 281 | 283 | 224 | |
| Total Assets | 220 | 190 | 223 | 243 | 258 | 311 | 353 | 365 | 409 | 411 | 454 | 472 | 421 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 14 | 13 | 26 | 31 | 18 | 32 | 30 | 4 | 27 | 58 | 34 | |
| -8 | -10 | -9 | -18 | -12 | -25 | -16 | -14 | -7 | -31 | -46 | -37 | |
| -20 | -4 | -4 | -9 | -18 | 6 | -16 | -16 | 3 | 4 | -12 | 3 | |
| Net Cash Flow | 0 | -0 | 0 | -0 | 1 | -2 | 0 | -0 | 0 | -0 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 31 | 43 | 43 | 40 | 42 | 50 | 24 | 22 | 27 | 28 | 25 |
| Inventory Days | 96 | 81 | 65 | 103 | 99 | 87 | 120 | 132 | 172 | 90 | 82 | 104 |
| Days Payable | 142 | 88 | 76 | 96 | 101 | 95 | 131 | 92 | 106 | 73 | 71 | 85 |
| Cash Conversion Cycle | 16 | 25 | 33 | 49 | 38 | 34 | 39 | 64 | 88 | 44 | 40 | 44 |
| Working Capital Days | 2 | 4 | 11 | 4 | 4 | 8 | 10 | 27 | 36 | 4 | 10 | 12 |
| ROCE % | 24% | 18% | 32% | 20% | 19% | 17% | 24% | 31% | 14% | -6% | 19% | 6% |
Documents
Announcements
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Board Meeting Intimation for Holding 05/2025-26 Board Meeting For Consideration And Approval Of The Standalone And Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2025.
30 Jan - Board meeting on 5 Feb 2026 to approve unaudited Q3 and nine-month results ended 31 Dec 2025.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
27 Jan - Promoter Sakam Trading did not convert 1,577,000 warrants (2.7% diluted); disclosure dated 27 Jan 2026; holdings unchanged.
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Submission Of Intimation Under Regulation 30 Read With Schedule III Part A Of The SEBI (LODR) Regulation, 2015-Lapse And Cancellation Of Warrants And Forfeiture Of Upfront Amount.
27 Jan - 63,69,000 of 94,61,480 warrants lapsed; Rs25,23,71,625 forfeited; warrants priced at Rs158.50; deadline 29 Jan 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jan - Certificate of Compliance under regulation 74(5) of the SEBI (Depository and Participants) Regulation, 2018 for the quarter ended on 31st December,2025.
- Closure of Trading Window 25 Dec 2025
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT REC
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Oct 2021TranscriptAI SummaryPPT
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Aug 2021Transcript PPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021Transcript PPT
Business Overview:[1][2]
KIIL manufactures products across 33 extrusion lines for PVC pipes, 14 extrusion lines for HDPE and drip irrigation, and 27 injection moulding machines, to facilitate the smooth transmission of liquids (water primarily) from 1 point to another.