Kiri Industries Limited (KIRIINDUS) AI Stock Analysis

• Market Cap: ₹29.80B
• Dividend Yield: N/A
• Average Volume (3M): 11.81K
• Price to Earnings (P/E): 15.8
• Beta (1Y): 1.05
• Revenue Growth: -12.76%
• EPS Growth: -17.97%
• Country: IN
• Employees: 787
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Chemicals - Specialty
• EPS (TTM): 1.91
• Shares Outstanding: 55,628,963
• 10 Day Avg. Volume: 15,990
• 30 Day Avg. Volume: 11,810
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹607.00
• Price Target Upside: 13.30% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: ₹607.00 ▲(13.30% Upside)

Kiri Industries' overall stock score is primarily influenced by its financial performance, which highlights significant challenges in revenue and profitability. The technical analysis indicates a bearish trend, further impacting the score. The valuation suggests the stock is reasonably priced, providing some support to the overall score.

Kiri Industries Limited Business Overview & Revenue Model

Company Description

Kiri Industries Limited (KIRIINDUS) is a diversified chemical company that operates primarily in the dyes and dyes intermediates sector. The company is involved in the manufacture and distribution of a wide range of dyes, intermediates, and basic chemicals, catering to various industries including textiles, leather, and paper. Kiri Industries is known for its integrated operations and focus on sustainable chemical processes.

How the Company Makes Money

Kiri Industries Limited generates revenue through the production and sale of dyes and dye intermediates. The company's revenue model is based on manufacturing a broad spectrum of chemical products that are essential for textile processing and other industrial applications. Key revenue streams include domestic and international sales of its products, which are marketed under various brand names. Kiri Industries also benefits from strategic partnerships and joint ventures, enhancing its market reach and operational capabilities. By leveraging cost-effective production techniques and maintaining high quality standards, the company sustains its profitability and competitive edge in the chemical industry.

Kiri Industries Limited Financial Statement Overview

Summary

Kiri Industries is facing significant challenges with declining revenues and profitability, as evidenced by negative operating margins and cash flows. Despite a strong balance sheet with low leverage, the company's ability to generate cash and achieve sustainable profitability remains a concern.

Income Statement

Kiri Industries has experienced a significant decline in revenue from 2022 to 2025, with a notable decrease in total revenue from 2022's peak of 14.73 billion to 7.40 billion in 2025. The gross profit margin has decreased over the years, impacting profitability. EBIT and EBITDA margins are negative in recent years, indicating operational challenges. The net profit margin is positive in 2025, but this is primarily due to non-operational factors, as EBIT remains negative.

Balance Sheet

The company's balance sheet shows a strong equity position with a high equity ratio, indicating good financial stability. The debt-to-equity ratio remains low, suggesting prudent financial management and low leverage risks. However, the decrease in total assets from 2022 to 2025 reflects a shrinking asset base, which may affect future growth potential.

Cash Flow

Free cash flow has been consistently negative, highlighting challenges in generating cash from operations. This is concerning given the negative operating cash flow in 2025, which indicates reliance on external financing to support operations. The free cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting profits into cash.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	7.40B	9.49B	14.73B	9.45B	9.42B
Gross Profit	2.29B	2.45B	4.52B	2.55B	3.34B
EBITDA	609.45M	-34.76M	1.23B	-341.41M	848.33M
Net Income	2.65B	1.33B	3.89B	1.07B	2.52B
Balance Sheet
Total Assets	47.25B	34.11B	30.74B	32.01B	27.00B
Cash, Cash Equivalents and Short-Term Investments	3.83B	939.67M	173.04M	1.00B	92.24M
Total Debt	11.24B	1.22B	958.62M	451.81M	1.42B
Total Liabilities	14.79B	5.99B	5.02B	5.22B	5.16B
Stockholders Equity	32.47B	28.12B	25.73B	26.79B	21.84B
Cash Flow
Free Cash Flow	-7.49B	-692.99M	547.00M	669.55M	-56.39M
Operating Cash Flow	-3.42B	-605.79M	921.96M	891.76M	722.06M
Investing Cash Flow	-8.42B	1.07M	-289.68M	-179.47M	-701.59M
Financing Cash Flow	11.94B	724.72M	-574.24M	-569.91M	-70.02M

Kiri Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 535.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KIRIINDUS, the sentiment is Negative. The current price of 535.75 is below the 20-day moving average (MA) of 561.92, below the 50-day MA of 571.67, and below the 200-day MA of 578.88, indicating a bearish trend. The MACD of -7.43 indicates Positive momentum. The RSI at 38.91 is Neutral, neither overbought nor oversold. The STOCH value of 24.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KIRIINDUS.

Kiri Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANINDS	78 Outperform	₹26.63B	16.89		0.85%	11.21%	27.69%
VISHNU	68 Neutral	₹32.95B	25.36		0.06%	16.30%	22.04%
NOCIL	62 Neutral	₹28.86B	31.00		1.15%	-4.47%	-26.12%
KIRIINDUS	61 Neutral	₹29.80B	15.84		―	-12.76%	-17.97%
TIRUMALCHM	48 Neutral	₹29.19B	―		0.35%	-1.61%	-18.85%
Sector *	44 Neutral	AU$1.54B	-7.28	-27.94%	4.40%	-3.13%	-36.41%
MOL	43 Neutral	₹21.72B	―		―	―	―