Kiri Industries Limited (IN:KIRIINDUS)
:KIRIINDUS
Top Page
Kiri Industries Limited
(KIRIINDUS)
Select Model
Select Model
Rating:57Neutral
Price Target:
₹349.00
▼(-43.40% Downside)
Action:ReiteratedDate:03/10/26
The score is held back primarily by weakening financial performance (declining revenue, negative operating margins, and persistently negative free cash flow) and bearish technical trends (below key moving averages with negative MACD). These negatives are partly offset by a strong balance sheet (low leverage) and an extremely low P/E valuation.
Positive Factors
Balance Sheet Strength
Kiri's balance sheet shows a high equity ratio and low leverage, supporting financial stability. This durable strength reduces refinancing risk, preserves capacity to fund working capital or capex during industry cycles, and provides a buffer while operational turnaround efforts proceed.
Negative Factors
Sustained Revenue Decline
A material multi-year revenue decline signals structural demand loss, market-share erosion, or price pressure in core products. Persistent top-line contraction undermines economies of scale, reduces margin flexibility, and makes reinvestment or turnaround efforts harder to finance from internal cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Kiri's balance sheet shows a high equity ratio and low leverage, supporting financial stability. This durable strength reduces refinancing risk, preserves capacity to fund working capital or capex during industry cycles, and provides a buffer while operational turnaround efforts proceed.
Read all positive factors
Kiri Industries Limited (KIRIINDUS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.63B
Dividend YieldN/A
Average Volume (3M)17.83K
Price to Earnings (P/E)0.2
Beta (1Y)1.48
Revenue Growth-22.04%
EPS Growth-58.81%
CountryIN
Employees787
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)836.69
Shares Outstanding60,022,552
10 Day Avg. Volume8,456
30 Day Avg. Volume17,829
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)1.17
Price to Sales (P/S)5.15
P/FCF Ratio-5.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kiri Industries Limited Business Overview & Revenue Model
Company Description
Kiri Industries Limited manufactures and sells dyes, dye intermediates, and basic chemicals in India and internationally. The company provides reactive dyes, acid / metal complex dyes, and wool reactive dyes; and basic chemicals comprising sulphur...
How the Company Makes Money
Kiri Industries makes money mainly by manufacturing and selling (1) dyes and (2) dye intermediates to downstream industrial users (such as textile and other coloration applications) in domestic and export markets. Revenue is generated through prod...
Kiri Industries Limited Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
75
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.99B | 7.40B | 7.09B | 9.45B | 14.73B | 9.42B |
| Gross Profit | 1.98B | 2.29B | -555.78M | 2.55B | 4.52B | 3.34B |
| EBITDA | 541.29M | 609.45M | -34.76M | -341.41M | 1.23B | 848.33M |
| Net Income | 1.22B | 2.65B | 1.33B | 1.07B | 3.89B | 2.52B |
Balance Sheet | ||||||
| Total Assets | 51.46B | 47.25B | 34.11B | 32.01B | 30.74B | 27.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.35B | 3.83B | 45.66M | 982.41M | 173.04M | 92.24M |
| Total Debt | 12.23B | 11.24B | 1.26B | 451.81M | 958.62M | 1.49B |
| Total Liabilities | 18.67B | 14.79B | 5.99B | 5.22B | 5.02B | 5.16B |
| Stockholders Equity | 32.79B | 32.47B | 28.12B | 26.79B | 25.73B | 21.84B |
Cash Flow | ||||||
| Free Cash Flow | -473.97M | -7.49B | -692.99M | 669.55M | 547.00M | -56.39M |
| Operating Cash Flow | 578.91M | -3.42B | -605.79M | 891.76M | 921.96M | 722.06M |
| Investing Cash Flow | 882.07M | -8.42B | 287.87M | -179.47M | -289.68M | -701.59M |
| Financing Cash Flow | 190.34M | 11.94B | 497.80M | -569.91M | -574.24M | -70.02M |
Kiri Industries Limited Technical Analysis
Negative
616.60
Price Trends
431.94
Negative
499.07
Negative
531.84
Negative
Market Momentum
-21.80
Negative
43.52
Neutral
68.37
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 616.6 is above the 20-day moving average (MA) of 380.72, above the 50-day MA of 431.94, and above the 200-day MA of 531.84, indicating a bearish trend. The MACD of -21.80 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 68.37 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹26.83B | 13.17 | ― | ― | 10.26% | 46.49% | |
74 Outperform | ₹34.45B | 26.92 | ― | 0.05% | 17.51% | 33.29% | |
67 Neutral | ₹27.28B | 70.01 | ― | 1.27% | -8.20% | -55.26% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹22.63B | 0.22 | ― | ― | -22.04% | -58.81% | |
46 Neutral | ₹11.87B | -115.81 | ― | ― | ― | ― | |
45 Neutral | ₹20.84B | -15.05 | ― | 0.43% | -11.11% | -340.74% |
* Basic Materials Sector Average
IN:KIRIINDUS
Kiri Industries Limited
377.10
-206.40
-35.37%
IN:MANINDS
Man Industries (India) Limited
357.65
90.80
34.03%
IN:MOL
Meghmani Organics Limited
46.66
-17.01
-26.72%
IN:NOCIL
NOCIL Limited
163.35
-7.36
-4.31%
IN:TIRUMALCHM
Thirumalai Chemicals Limited
172.85
-73.95
-29.96%
IN:VISHNU
Vishnu Chemicals Limited
511.80
112.70
28.24%
Kiri Industries Limited Corporate Events
Kiri Industries Announces Resignation of President – Operations
Feb 10, 2026
Kiri Industries Limited has announced that President – Operations, Mr. Raja Mohaniya, a senior management personnel under SEBI regulations, has resigned from his position due to personal reasons. The management accepted his resignation with ...
Kiri Industries Files SEBI Dematerialisation Compliance Certificate for Q3 FY2025
Jan 10, 2026
Kiri Industries Limited has submitted to Indian stock exchanges a compliance certificate from its registrar and transfer agent, Cameo Corporate Services Limited, for the quarter ended 31 December 2025 under Regulation 74(5) of SEBI (Depositories a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.