KIRI INDUSTRIES LIMITED
₹539.70+₹18.05 (+3.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,217 Cr
- P/E
- 242.0x
- EV / EBITDA
- -126.1x
- Revenue
- ₹656 Cr
- Net margin
- -14.8%
- ROCE
- -12.1%
Price chart
Technical chartScreen technicals →-1.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -0.3%
- 3M
- +31.5%
- 6M
- +31.4%
- 1Y
- -1.7%
- 5Y
- +10.0%
52-week range
Day change +₹18.05 (+3.5%) from ₹522 to ₹540 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in KIRIINDUS, bought on each weekday since 2021.
AI Summary
Indian StockStrengths0
Concerns1
- Valuation elevated — PE of 242.0x is 409% above peer average of 47.5x
Rule-based from financial data. Not advice.
About the company
Kiri Industries Limited manufactures and sells dyes, dye intermediates, and basic chemicals in India and internationally. It provides reactive dyes, acid dyes, direct dyes, and disperse dyes; and basic chemicals comprising sulphuric acid, chloro sulhponic acid, oleum, spent sulphuric acid, and thionyl chloride.
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Kiri Industries Limited manufactures and sells dyes, dye intermediates, and basic chemicals in India and internationally. It provides reactive dyes, acid dyes, direct dyes, and disperse dyes; and basic chemicals comprising sulphuric acid, chloro sulhponic acid, oleum, spent sulphuric acid, and thionyl chloride. The company also offers dye intermediates, such as sulpho J.acid, sulpho tobias acid, sulpho gama acid, and para nitro toluene ortho sulfonic acid, vinyl sulphone, as well as H-Acid, naphthalene, and aniline based intermediates. It sells its products to chemical, dyes, dyes intermediates, pharma, paper and textile industries through dealers and distributors. The company was formerly known as Kiri Dyes and Chemicals Limited and changed its name to Kiri Industries Limited in March 2011. Kiri Industries Limited was incorporated in 1998 and is based in Ahmedabad, India.
- Sector
- Materials
- Shares outstanding
- 6.0 Cr shares
- ISIN
- INE415I01015
- BSE code
- 532967
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,217 Cr
- P/E
- 242.0x
- P/B
- 4.1x
- EV / EBITDA
- -126.1x
- EV / Sales
- 5.2x
- P/S
- 5.1x
- Earnings yield
- 0.4%
- 52-week high
- ₹725.90
- 52-week low
- ₹336.80
Profitability
- Operating margin
- -10.0%
- Net margin
- -14.8%
- EBITDA margin
- -4.1%
- ROE
- -23.7%
- ROCE
- -12.1%
- ROA
- -9.9%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- -39.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹656 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹26.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 69.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -104.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹77.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -254.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.6%
Solvency and efficiency
- Current ratio
- 1.03
- Debt / Equity
- 0.31
- Debt / Assets
- 0.13
- Debt / EBITDA
- -4.69
- Financial leverage
- 2.40
- CFO / Net profit
- 0.82
- Cash / Market cap
- 9.5%
- Cash per share
- ₹51.15
- Asset turnover
- 0.66
- Fixed asset turnover
- 1.45
- Capital intensity
- 0.69
- Debtor days
- 39 days
- Inventory turnover
- 3.97
- Cash conversion cycle
- -136 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹656 Cr |
| Expenses | ₹699 Cr |
| Operating profit | -₹44 Cr |
| Other income | ₹105 Cr |
| Interest | ₹17 Cr |
| Depreciation | ₹44 Cr |
| Profit before tax | ₹1 Cr |
| Tax and other | -₹3 Cr |
| Net profit | ₹4 Cr |
Revenue and net profit
Revenue grew 3.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹689 Cr | -₹37 Cr |
| FY2022 | ₹1,137 Cr | -₹9 Cr |
| FY2023 | ₹601 Cr | -₹134 Cr |
| FY2024 | ₹633 Cr | -₹94 Cr |
| FY2025 | ₹656 Cr | ₹4 Cr |
Cash flows
FY2025: -₹339 Cr from operations, -₹327 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹74 Cr | ₹5 Cr |
| FY2022 | ₹81 Cr | ₹57 Cr |
| FY2023 | ₹50 Cr | ₹53 Cr |
| FY2024 | -₹77 Cr | -₹50 Cr |
| FY2025 | -₹339 Cr | -₹327 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹656 Cr+3.6%1Y
- Net profit
- ₹4 Cr
- Cash from operations
- -₹339 Cr
- Free cash flow
- -₹327 Cr
- Revenue CAGR, 5Y
- -8.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹656 Cr | -₹44 Cr | — | ₹4 Cr | -₹339 Cr | -₹327 Cr | 0.6% | +3.6% | -104.3% |
Monthly returns
Month-by-month returns of KIRIINDUS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,109 Cr |
| Equity capital | ₹56 Cr |
| Reserves | ₹665 Cr |
| Borrowings | ₹148 Cr |
| Other liabilities | ₹240 Cr |
| Assets | ₹1,109 Cr |
| Fixed assets | ₹472 Cr |
| Capital work in progress | ₹62 Cr |
| Investments | ₹163 Cr |
| Other assets | ₹412 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
KIRIINDUS trades at 242.0x earnings against a peer median of 35.5x (a 583% premium).
Not shown (no positive earnings and no EV / Sales): BN AGROCHEM LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| KIRI INDUSTRIES LIMITEDKIRIINDUSthis companyP/E ↑ premium | ₹3,217 Cr | 242.0x | 4.1x | -23.7% | -126.1x |
| Neogen Chemicals LimitedNEOGEN | ₹3,443 Cr | 69.7x | 4.1x | 5.4% | 29.5x |
| ORIENT CEMENT LIMITEDORIENTCEM | ₹3,400 Cr | 11.1x | 1.6x | 10.0% | 7.4x |
| BN AGROCHEM LIMITEDBNAGROCHEM | ₹3,398 Cr | — | 10.6x | -4.2% | -1133.0x |
| Styrenix Performance Materials LimitedSTYRENIX | ₹3,375 Cr | 16.3x | 3.8x | — | — |
| Grauer & Weil (India) Ltd.GRAUWEIL | ₹3,354 Cr | 22.2x | 3.4x | 17.9% | 14.7x |
| Refex Industries LimitedREFEX | ₹3,314 Cr | 16.4x | 2.3x | 21.4% | 20.2x |
| Steel Strips & Wheels LtdSSWL | ₹3,161 Cr | 15.6x | 1.9x | 16.3% | 8.2x |
| Kalyani Steels LtdKSL | ₹3,035 Cr | 11.8x | 1.5x | 14.6% | 8.1x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
KIRIINDUS since 1 January, against earlier years.
Historical volatility
KIRIINDUS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 0.0% |
| FY2022 | 3.0% |
| FY2023 | -18.0% |
| FY2024 | -10.0% |
| FY2025 | -7.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹656 Cr |
| Costs | |
| Interest | ₹17 Cr |
| Expenses | ₹699 Cr |
| Operating profitOperating Profit | -₹44 Cr |
| Other income and charges | |
| Profit before tax | ₹1 Cr |
| Tax | |
| Net profitNet Profit | ₹4 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,109 Cr |
| Equity capitalEquity Capital | ₹56 Cr |
| Reserves | ₹665 Cr |
| Borrowings | ₹148 Cr |
| Other liabilitiesOther Liabilities | ₹240 Cr |
| AssetsTotal Assets | ₹1,109 Cr |
| Fixed assetsFixed Assets | ₹472 Cr |
| Capital work in progressCWIP | ₹62 Cr |
| Investments | ₹163 Cr |
| Other assetsOther Assets | ₹412 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹339 Cr |
| Investing cash flowCash from Investing Activity | ₹12 Cr |
| Financing cash flowCash from Financing Activity | ₹329 Cr |
| Change in cashNet Cash Flow | ₹3 Cr |
Learn while you research
Academy chapters picked for KIRI INDUSTRIES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 242.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read