Kridhan Infra Ltd (KRIDHANINF)

Services · Trading · NSE · Updated 2 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹2.05 ↓ 51.76% (1Y)

🎯 Key Takeaways

Kridhan Infra Ltd is in a structural transition phase marked by leadership changes, governance updates, and volatile financial performance. The company has seen a decline in promoter holding and persistent losses, with negative ROE and ROCE indicating weak operational profitability.
Revenue grew 86.4% QoQ to ₹1 in Q1FY27.
⚠️ Persistent losses and negative profitability metrics with no visible path to recovery in core operations.

Market Cap

₹23

P/E Ratio

22.8

P/B Ratio

-0.08

ROE

-0.3%

ROCE

-0.9%

Debt/Equity

-0.09

Promoter

40.0%

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📖 The Story

Kridhan Infra Ltd is in a structural transition phase marked by leadership changes, governance updates, and volatile financial performance. The company has seen a decline in promoter holding and persistent losses, with negative ROE and ROCE indicating weak operational profitability. It operates in the trading services sector with minimal revenue generation and no clear growth trajectory visible in recent quarters.

📰 What's Happening

The company underwent significant leadership restructuring in July 2026, appointing a new whole-time director and CFO while accepting the resignation of Managing Director Gautam Suri due to medical reasons. The board also approved unaudited financial results for Q1 FY2027 (quarter ended June 30, 2026) in an August 13, 2026 board meeting. Additionally, statutory auditor Jignesh Savla & Associates resigned effective August 31, 2026, as disclosed in a regulatory filing on September 1, 2026. These governance and personnel changes signal internal reorganization but lack accompanying strategic clarity.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2	1	0	0	1
Operating Profit	1	1	-0	0	-0
OPM %	54.5%	61.6%	-27.3%	18.2%	-23.2%
Net Profit	1	0	-0	1	0
EPS	₹0.13	₹0.03	₹-0.03	₹0.09	₹0.00

Financial performance remains highly erratic, with revenue fluctuating between ₹0 and ₹2 crore quarter-on-quarter and operating margins swinging from -27.3% to 61.6%. The most recent quarter (June 2026) reported zero revenue and negative operating profit, continuing a trend of inconsistent profitability. Earlier quarters showed temporary improvements, such as 61.6% OPM in September 2025, but these were not sustained. The company posted a net loss of ₹1 lakh in December 2025 and broke even in March 2026, indicating no meaningful recovery in operations.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue growth, margin improvement, or strategic objectives in the available filings. The board has focused on procedural matters, such as approving financial results and appointing key managerial personnel for disclosure compliance under SEBI LODR. There is no public roadmap or commentary from management regarding business revival, cost optimization, or capital allocation strategy.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	19	19	19	20
Reserves	-328	-302	-300	-288
Borrowings	0	25	23	12
Total Liabilities	22	26	36	36
Fixed Assets	17	17	17	17
Investments	2	2	2	3
Total Assets	22	26	36	36

The balance sheet reflects a fragile financial position with negative equity reserves and declining borrowings over time. As of March 2026, total assets stood at ₹36 crore, largely funded by borrowings of ₹12 crore, while equity and reserves were marginally positive at ₹20 crore. The reduction in net borrowings from ₹25 crore (March 2025) to ₹12 crore (March 2026) suggests some deleveraging, but the company remains reliant on debt with no consistent cash flow generation to service obligations.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+5
Investing	+0
Financing	-4
Net Cash Flow	+2

👥 Shareholding Pattern

Category	Q3FY26	Q4FY26	Q1FY27
Promoters	47.1%	44.9%	40.0%
FII	1.0%	0.0%	0.0%
DII	0.0%	0.0%	0.0%
Public	40.8%	43.4%	43.1%
# Shareholders	32,255	31,847	31,472

Promoter holding has declined sharply from 47.15% in Q3 FY26 to 40.05% in Q1 FY27, indicating ongoing stake sales. Public shareholding has slightly increased, but FII and DII holdings remain negligible at 0%. The number of shareholders has marginally decreased, suggesting limited retail or institutional interest. There are no signs of new investor accumulation, and the declining promoter stake raises concerns about long-term control and confidence.

⚖️ Peer Comparison — Trading

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
ADANIENT	3.88 L Cr	44.4	10.9%	9.1%	1.09
PREMIERENE	46,028	27.3	50.0%	59.3%	0.67
AEGISLOG	42,841	34.2	24.6%	24.4%	0.40
REDINGTON	27,307	16.1	18.4%	14.8%	0.26
HONASA	15,413	61.8	28.3%	21.1%	0.00
504346	11,409	—	-24.9%	-47.5%	0.73
LLOYDSENT	10,901	35.5	7.0%	5.7%	0.17
SGMART	10,525	84.6	11.2%	7.8%	0.14
MMTC	9,344	20.9	42.4%	26.3%	0.00
EBGNG	7,412	52.6	31.3%	62.9%	1.92

🔗 Peer Stock Analyses

ADANIENT PREMIERENE AEGISLOG REDINGTON HONASA

⚠️ Risk Factors

1. Persistent losses and negative profitability metrics with no visible path to recovery in core operations. 2. Declining promoter ownership and lack of institutional interest, which may affect governance and liquidity. 3. Auditor resignation introduces potential governance and compliance risks, especially with no immediate replacement disclosed. 4. Highly volatile financial performance with no sustainable revenue or margin trends, increasing execution and solvency concerns.

📋 Recent Filings

🧠 Analyst's Read

Kridhan Infra Ltd currently lacks a coherent growth narrative, with financials deteriorating amid leadership changes and governance shifts. Investors should monitor future auditor appointments, any revival in revenue trends, and whether new management can stabilize operations. Until there is clear evidence of improved cash flow or margin recovery, the company remains a high-risk entity with no discernible investment thesis.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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