Kriti Industries (India) Ltd (KRITI)
🎯 Key Takeaways
- Kriti Industries is in a fragile turnaround phase, marked by persistent losses and declining margins despite modest revenue growth. The company posted a consolidated net loss of Rs.
- Revenue grew 22.1% QoQ to ₹173 in Q1FY27.
- ⚠️ 1) Persistent losses and negative ROE (-3.6%) indicate weak profitability despite revenue growth, with margins highly volatile. 2) The company's relia
- Market Cap
- ₹330
- P/B Ratio
- 1.48
- ROE
- -3.8%
- ROCE
- 2.1%
- Debt/Equity
- 0.40
- Promoter
- 69.1%
📖 The Story
Kriti Industries is in a fragile turnaround phase, marked by persistent losses and declining margins despite modest revenue growth. The company posted a consolidated net loss of Rs. 5.70 lakhs in Q1 June 2026, continuing a trend of alternating profitability and loss, with ROE at -3.6% and ROCE at 2.1%. Management has not yet signaled a clear path to sustainable earnings, though operational stabilization is evident in recent quarters.
📰 What's Happening
The board approved unaudited Q1 June 2026 financial results showing a small consolidated net loss, with no material disclosure concerns raised by auditors. Concurrently, 100,000 employee stock options were granted under the 2024 ESOP scheme at an exercise price of ₹67.62 per option, vesting over 1-5 years. Shareholding disclosures from promoter entities were filed with exchanges, maintaining promoter ownership at 69.07%. Remote e-voting was enabled for the upcoming AGM, enhancing shareholder accessibility.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 86 | 136 | 142 | 173 |
| Operating Profit | -8 | 1 | 14 | 1 |
| OPM % | -9.7% | 0.9% | 9.9% | 0.3% |
| Net Profit | -10 | -0 | 4 | -2 |
| EPS | ₹-1.84 | ₹-0.09 | ₹0.76 | ₹-0.42 |
Revenue has shown sequential improvement, rising from ₹86 crore in September 2025 to ₹173 crore in June 2026, but operating performance remains volatile. Operating profit turned positive in March 2026 at ₹14 crore (OPM 9.9%) after a loss in December 2025, suggesting intermittent operational recovery. However, the latest quarter's OPM of 0.3% reflects margin compression, indicating sensitivity to cost structure or pricing pressures despite revenue gains.
🔮 Management Outlook & What's Next
Management has not provided explicit forward guidance on earnings recovery or margin improvement in the latest filings. The focus appears to be on governance and operational continuity, as evidenced by routine board approvals and compliance filings rather than strategic updates. The absence of commentary on demand trends or capital allocation suggests limited visibility into near-term recovery drivers.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 |
| Reserves | 197 | 193 | 217 | 213 |
| Borrowings | 100 | 139 | 89 | 101 |
| Total Liabilities | 472 | 533 | 483 | 421 |
| Fixed Assets | 165 | 154 | 195 | 177 |
| Investments | 4 | 4 | 0 | 4 |
| Total Assets | 472 | 533 | 483 | 421 |
The balance sheet shows stable equity of ₹5 crore and reserves increasing slightly to ₹217 crore from ₹213 crore in the prior quarter, indicating minimal capital erosion. Borrowings remain low at ₹89 crore, down from ₹101 crore, suggesting ongoing deleveraging or stable capital structure. Total assets rose to ₹483 crore, reflecting growth in operations or investments, but the company maintains a conservative financial profile with limited debt and no significant equity infusions.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +20 |
| Investing | -10 |
| Financing | -6 |
| Net Cash Flow | +5 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 68.7% | 68.7% | 69.1% | 69.1% |
| FII | 0.1% | 0.1% | 0.1% | 0.1% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 20.3% | 20.3% | 20.6% | 20.1% |
| # Shareholders | 11,403 | 11,271 | 11,242 | 11,353 |
Promoter holding remains stable at 69.07% over recent quarters, with no signs of dilution or stake sales. FII and DII holdings are negligible, collectively accounting for less than 0.2% of equity, while the number of public shareholders has slightly increased. There is no evidence of institutional accumulation or significant retail interest, suggesting limited market confidence or coverage.
⚖️ Peer Comparison — Plastic products
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| SUPREMEIND | 44,023 | 42.6 | 22.1% | — | 0.00 |
| ASTRAL | 36,950 | 64.2 | 20.0% | — | 0.04 |
| SHAILY | 13,990 | 79.1 | 33.8% | — | 0.34 |
| FINPIPE | 9,385 | 15.2 | 12.7% | — | 0.07 |
| TIMETECHNO | 9,075 | 17.8 | 20.9% | — | 0.22 |
| KINGFA | 8,827 | 39.1 | 39.9% | — | 0.05 |
| SAFARI | 7,011 | 42.5 | 19.8% | — | 0.00 |
| RESPONIND | 4,504 | 44.5 | 7.5% | — | 0.12 |
| VIPIND | 4,171 | — | -43.7% | — | 1.42 |
| PRINCEPIPE | 2,820 | 27.1 | 8.0% | — | 0.17 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent losses and negative ROE (-3.6%) indicate weak profitability despite revenue growth, with margins highly volatile. 2) The company's reliance on intermittent operational recoveries without a clear margin improvement strategy raises concerns about sustainability. 3) Low institutional interest and minimal analyst coverage may lead to liquidity risks. 4) High promoter concentration (69%) without a clear path to earnings recovery increases governance and execution risk.
📋 Recent Filings
- Financial Results2026-09-28Kriti Industries (India) Ltd announced the closure of its trading window from October 1, 2026, until 48 hours after the declaration of unaudited stand…
- 🔴 Insider Trading2026-09-21Kriti Industries announced the resignation of Company Secretary and Compliance Officer Aditi Randhar effective September 21, 2026, accepted by the boa…
- 🟡 Board Meeting2026-09-09Kriti Industries held its 36th Annual General Meeting on 12 August 2026 via video conferencing, adopting the standalone and consolidated financial sta…
- Announcement2026-08-12Kriti Industries (India) Limited held its 36th Annual General Meeting on 12th August 2026 via video conferencing, with 57 members attending out of 11,…
- 🟡 Board Meeting2026-08-11Kriti Industries announced the board approved unaudited standalone and consolidated financial results for Q1 June 2026 at its 11 August 2026 meeting. …
- 🟡 Board Meeting2026-08-11Kriti Industries announced on 11 August 2026 that its board approved the grant of 100,000 employee stock options under the Kriti Industries Employee S…
- 🔴 Insider Trading2026-07-24Kriti Industries disclosed that Sakar Trading Private Limited and related promoter group entities submitted their yearly shareholding disclosures for …
- 🟡 Board Meeting2026-07-21Kriti Industries (India) Limited announced its 36th AGM on 12 August 2026 at 3:00 PM IST via video conference, where shareholders will vote on adoptin…
- 🟡 Board Meeting2026-07-21Kriti Industries announced remote e-voting facilities for its 36th Annual General Meeting on August 12, 2026, allowing shareholders to vote electronic…
- share transfer2026-07-13Kriti Industries confirmed receipt of a compliance certificate from its registrar and share transfer agent for the quarter ending 30 June 2026, verify…
🧠 Analyst's Read
Kriti Industries remains in a delicate phase where operational stabilization has not yet translated into consistent profitability or margin resilience. Investors should monitor upcoming earnings for signs of sustainable margin improvement and management's ability to guide toward profitability, particularly in the context of modest revenue growth and rising working capital demands.
Based on filing content and financial data. Not a recommendation.
Read the full analysis
Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.
Sign Up Free — Unlock Full Analysis2 free AI queries per day.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
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.
📡 Get AI alerts when KRITI files new disclosures
Track KRITI filings, board meetings, and corporate actions. Free email alerts at 5 PM.
Track KRITI — FreeFree account · 2 AI queries/day