Kridhan Infra Limited (KRIDHANINF) AI Stock Analysis

• Market Cap: ₹233.16M
• Dividend Yield: N/A
• Average Volume (3M): 16.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: 535.41%
• EPS Growth: N/A
• Country: IN
• Employees: 348
• Sector: Services
• Sector Strength: N/A
• Industry: Steel
• EPS (TTM): -0.03
• Shares Outstanding: 94,779,205
• 10 Day Avg. Volume: 37,745
• 30 Day Avg. Volume: 16,967
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.09
• Price to Sales (P/S): 10.06
• P/FCF Ratio: 4.91
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: ₹2.50 ▼(-33.33% Downside)
• Action: Downgraded Date: 03/17/26
• Date: Action: Downgraded 03/17/26

The score is driven primarily by weak financial performance, especially negative equity and a history of losses, which meaningfully elevates financial risk. Technicals add pressure due to a clear downtrend and negative momentum. Valuation provides little support given the negative P/E and no dividend yield data.

Positive Factors

Recent Revenue Recovery

A very large recent revenue uptick indicates the company can win orders and scale sales after prior volatility. If sustained over the next several quarters it supports operational leverage, higher utilization of fixed assets and a clearer path to covering fixed costs and improving margins.

Improving Cash Generation

Recent positive free cash flow shows the business has begun converting operations into cash, reducing reliance on external funding. Sustained FCF over 2–6 months helps rebuild liquidity, fund working capital, and allows gradual deleveraging or targeted capex without immediate refinancing risk.

Niche Infrastructure Product Focus

Concentration on specialized steel for infrastructure ties the company to long-cycle public and private construction projects, providing structural demand and potential multi-quarter order visibility. Niche product focus can sustain pricing power and repeat business versus commodity players.

Negative Factors

Negative Shareholders' Equity

Negative equity means liabilities exceed assets, a material solvency concern that restricts access to traditional lending and raises the prospect of creditor action or restructuring. This structural weakness impairs financing flexibility and constrains investment or scaling over the medium term.

Persistent Net Losses and Margin Volatility

A history of losses and volatile gross and net margins indicate operational inefficiencies or inconsistent pricing/volume mix. Persistent unprofitability undermines retained earnings, limits reinvestment capacity and makes sustained recovery dependent on structural operational fixes rather than short-term revenue spikes.

Historic Operating Cash Flow Deficits

Repeated negative operating cash flow historically implies the core business struggled to generate cash, forcing reliance on financing or one-time items. Even with recent improvement, legacy cash deficits indicate underlying working-capital or margin issues that could re-emerge during demand slowdowns.

Kridhan Infra Limited Business Overview & Revenue Model

Company Description

Kridhan Infra Limited manufactures and sells ready to use steel products for the construction and infrastructure sectors in India and internationally. The company offers bridge expansion joints for asphalt and concrete connections; and rebar mechanical couplers. It also provides bored piling, driven piling, micro piling and soil improvement, and soil investigation services. The company was formerly known as Readymade Steel India Limited and changed its name to Kridhan Infra Limited in June 2014. Kridhan Infra Limited was incorporated in 2006 and is based in Mumbai, India.

How the Company Makes Money

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Kridhan Infra Limited Financial Statement Overview

Summary

Financials are materially weak: unstable revenue and mostly negative net income, a highly concerning balance sheet with negative shareholders’ equity (liabilities exceeding assets), and cash flow that has improved recently but has a history of negative operating cash flows.

Income Statement

Kridhan Infra Limited shows significant volatility in its income statement metrics. The revenue has fluctuated drastically over the past years with a recent increase, but the net income has been negative for most periods, indicating consistent losses. Margins such as gross profit margin and net profit margin are significantly unstable, reflecting operational inefficiencies. Although there was a recent positive net income, the overall financial health from an income statement perspective remains weak.

Balance Sheet

The balance sheet is concerning due to a negative stockholders' equity position, indicating that the company's liabilities exceed its assets. The debt-to-equity ratio cannot be calculated due to negative equity, signifying high financial leverage and potential insolvency risk. The equity ratio is negative, further highlighting the financial instability of the company.

Cash Flow

The cash flow situation is slightly more stable than other areas, with a recent positive free cash flow. However, past years show significant negative operating cash flows, which raises concerns about the company's ability to generate cash from its core activities. The free cash flow to net income ratio indicates some improvement, but the overall cash flow health is still questionable.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	53.69M	25.77M	8.45M	56.22M	173.50M	276.50M
Gross Profit	51.25M	25.77M	8.45M	20.71M	8.00M	12.20M
EBITDA	96.09M	743.50M	-246.58M	-545.20M	-3.94B	-50.90M
Net Income	65.42M	722.92M	-2.09B	-643.36M	-4.13B	-222.73M
Balance Sheet
Total Assets	355.42M	264.36M	332.30M	297.75M	507.40M	1.62B
Cash, Cash Equivalents and Short-Term Investments	4.93M	33.00M	14.42M	9.41M	3.90M	6.10M
Total Debt	227.19M	254.68M	274.49M	204.41M	224.30M	198.40M
Total Liabilities	3.16B	3.10B	3.89B	3.93B	3.63B	609.90M
Stockholders Equity	-2.81B	-2.83B	-3.55B	-3.63B	-3.12B	1.01B
Cash Flow
Free Cash Flow	9.49M	52.83M	-47.72M	17.97M	-2.30M	-10.80M
Operating Cash Flow	9.50M	52.83M	-47.28M	17.97M	-900.00K	-10.80M
Investing Cash Flow	46.00K	2.81M	1.11M	2.05M	10.70M	16.70M
Financing Cash Flow	-37.95M	-37.22M	51.18M	-14.54M	-12.00M	-7.30M

Kridhan Infra Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KRIDHANINF, the sentiment is Negative. The current price of 3.75 is above the 20-day moving average (MA) of 3.04, above the 50-day MA of 3.56, and below the 200-day MA of 4.00, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 29.54 is Positive, neither overbought nor oversold. The STOCH value of 23.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KRIDHANINF.

Kridhan Infra Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
IL&FSENGG	40 Underperform	₹3.06B	-213.66	―	―	-6.13%	98.35%
SICALLOG	39 Underperform	₹13.59B	3.00	―	―	76.34%	94.50%
KRIDHANINF	38 Underperform	₹233.16M	-39.14	―	―	535.41%	―

Kridhan Infra Limited Corporate Events

Kridhan Infra Closes Trading Window Ahead of December 2025 Results

Kridhan Infra Limited has announced the closure of its trading window for dealings in the company’s equity shares starting January 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations, 2015 and its internal code of conduct for designated persons and their immediate relatives. The window will remain shut until 48 hours after the declaration of the company’s financial results for the quarter and nine-month period ending December 31, 2025, underscoring the firm’s compliance with regulatory requirements and its efforts to prevent insider trading ahead of key financial disclosures.