Krishca Strapping Solutions Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹287 Cr
- P/E
- 24.92
- ROE
- 10.05%
- PEG
- 3.44
- Price to sales
- 1.24
- Debt to equity
- 0.62
- 52W high / low
- ₹227 / ₹142
- Sales growth (5Y)
- 90.11%
- EBITDA margin
- 12.35%
- Net profit margin
- 4.93%
- Promoter holding
- 47.77%
- Sales (last year)
- ₹234 Cr
Incorporated in 2017, Krishca Strapping Solutions Ltd is in the business of manufacturing steel straps, seals, and to provide total packaging solution[1]
Guidance scorecard · Q2 FY26 call
What Krishca Strapping Solutions Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ2 FY26 call
20–40%- The company targets a minimum 25% year-on-year revenue growth over the next 3 years.
- Significant growth expected from the new cold rolling mill (CRM) with installed capacity of 60,000 tons/year.
- Additional revenue of at least ₹150 crore anticipated from CRM starting FY27, potentially crossing ₹200 crore.
- Specialty steel vertical to drive most of the long-term growth, leveraging higher capacity and better margins.
- Packaging vertical growth steady with ₹150 crore worth of bid pipeline; 20-30% conversion expected.
- Revenue from domestic market to dominate (>90%), with exports expected to grow modestly (15-20% annually).
- Progressive ramp-up in utilization of cold rolling mill capacity aiming for at least 50% utilization initially.
2 more points from Krishca Strapping Solutions Ltd's call on revenue
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MarginsQ2 FY26 call
FlatSee what Krishca Strapping Solutions Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Current Capex: Over ₹100 crore investment to set up a cold rolling mill (CRM) with 60,000 tons per annum capacity, expected to start production by end of May next financial year.
- Future Capex: ₹2 crore investment in a desiccant manufacturing plant with 200 tonnes per month capacity, anticipated to generate ₹20-25 crore revenue by year 3-4.
- Strategic Investment: ₹7 crore investment in Vajra Alloys, a new subsidiary focused on Super Alloys and high-performance materials, targeting industrial and commercial applications initially.
2 more points from Krishca Strapping Solutions Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Krishca Strapping Solutions Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Flat- Current confirmed order book includes over ₹25 crore from Vedanta and ongoing orders from other major clients, totaling around ₹150 crore in the pipeline for packaging contracts.
- Total order pipeline over the next 5 years stands at approximately ₹180 crore, with a significant portion being short-term annual POs rather than long-term contracts.
- Out of a previous pipeline of ₹750 crore, over 20% (₹150 crore) orders have already been received.
- Packaging contracts are moving towards longer-term agreements (2-5 years) for stability, though many current contracts are annual.
- Bid pipeline for packaging segment currently includes orders worth over ₹150 crore with an expected 20-30% conversion rate.
2 more points from Krishca Strapping Solutions Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Krishca Strapping Solutions Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Krishca Strapping Solutions Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Krishca Strapping Solutions Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 1 | 9 | 19 | 72 | 105 | 149 | 178 |
| Expenses + | 2 | 9 | 16 | 58 | 85 | 127 | 150 |
| Operating Profit | -1 | 1 | 3 | 14 | 19 | 23 | 28 |
| OPM % | -151% | 6% | 17% | 19% | 18% | 15% | 16% |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Interest | 0 | 1 | 1 | 1 | 1 | 4 | 5 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 5 | 8 |
| Profit before tax | -2 | -1 | 2 | 12 | 18 | 16 | 17 |
| Tax % | -0% | 0% | 12% | 21% | 24% | 27% | |
| Net Profit + | -2 | -1 | 2 | 9 | 13 | 12 | 12 |
| EPS in Rs | -8.97 | -2.68 | 3.02 | 10.67 | 10.97 | 8.27 | 8.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Krishca Strapping Solutions Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 5 | 9 | 12 | 14 | 14 |
| Reserves | -2 | -4 | -3 | 2 | 27 | 88 | 95 |
| Borrowings + | 8 | 13 | 9 | 12 | 19 | 33 | 83 |
| Other Liabilities + | 0 | 1 | 4 | 12 | 21 | 25 | 32 |
| Total Liabilities | 9 | 13 | 15 | 35 | 79 | 160 | 224 |
| Fixed Assets + | 6 | 6 | 4 | 4 | 5 | 29 | 50 |
| CWIP | 0 | 0 | 1 | 5 | 20 | 6 | 20 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Other Assets + | 4 | 7 | 10 | 26 | 53 | 125 | 150 |
| Total Assets | 9 | 13 | 15 | 35 | 79 | 160 | 224 |
Financials of Krishca Strapping Solutions Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -1 | -1 | 0 | 11 | -1 | -20 |
| Cash from Investing Activity + | -3 | -3 | -1 | -5 | -20 | -42 |
| Cash from Financing Activity + | 3 | 4 | 1 | -6 | 22 | 62 |
| Net Cash Flow | -0 | 0 | 0 | -0 | 1 | -0 |
| Free Cash Flow | -3 | -4 | -1 | 7 | -19 | -35 |
| CFO/OP | 39% | -257% | 3% | 82% | 8% | -68% |
Financials of Krishca Strapping Solutions Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 293 | 89 | 113 | 61 | 83 | 102 |
| Inventory Days | 796 | 111 | 43 | 78 | 65 | 101 |
| Days Payable | 20 | 33 | 30 | 59 | 50 | 30 |
| Cash Conversion Cycle | 1,068 | 167 | 126 | 80 | 98 | 173 |
| Working Capital Days | -1,715 | -84 | 19 | 5 | 54 | 99 |
| ROCE % | 1% | 20% | 74% | 47% | 20% |
Guidance history
How Krishca Strapping Solutions Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Flat |
| Q4 FY25 call → | 20–40% | Flat | Planned | Planned | Flat |
| Q2 FY25 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY24 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Krishca Strapping Solutions Ltd's management said in earlier quarters
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