Kriti Industries (India) Q4 FY26 Share Price & Earnings Call Analysis
₹48.03-2.95% today
- Market cap
- ₹253 Cr
- ROE
- 1.32%
- Price to sales
- 0.47
- Debt to equity
- 0.41
- 52W high / low
- ₹116 / ₹48.0
- Sales growth (5Y)
- -0.05%
- EBITDA margin
- 4.68%
- Net profit margin
- 0.48%
- Promoter holding
- 69.08%
- Sales (last year)
- ₹536 Cr
Guidance scorecard · Q4 FY26 call
What Kriti Industries's management guided
Revenue10–20%MarginsUp 2%+CapexNone plannedFundraisingWhat management saidOrder bookWhat management said
RevenueQ4 FY26 call
10–20%- Q4 FY26 showed recovery with agriculture segment up 12% and building products up 7%, signaling positive momentum.
- FY26 overall volumes declined due to rains but Q4 rebound indicates potential for strong FY27 growth.
- Management expects volume growth in FY27 to exceed industry average, benefiting from a low base year.
- Targeting substantial growth in the building product segment, focusing on better margins and sustained volume.
- Anticipating a quantum jump in building product revenues in FY27, a major growth driver.
- No immediate CAPEX; decisions on manufacturing expansion depend on first two quarters' performance in FY27.
2 more points from Kriti Industries's call on revenue
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MarginsQ4 FY26 call
Up 2%+See what Kriti Industries said on margins — free account, 30 seconds.
CapexQ4 FY26 call
None planned- The company has currently put CAPEX on hold and is not undertaking any immediate capacity expansion.
- Management plans to observe the business performance for the first two quarters of FY27 before making any further CAPEX decisions.
- Past investments have been made for developments, but no new plant expansions are planned immediately.
- Any future capacity expansions or strategic investments will depend on market performance and growth in the next two quarters.
2 more points from Kriti Industries's call on capex
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FundraisingQ4 FY26 call
See what Kriti Industries said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The focus of the discussion is mainly on sales volumes, revenues, segment performance, plant utilization, competition, CAPEX plans, dealer network, raw material costs, and market share.
- The management discussed production, sales growth, market conditions, and focus areas rather than order backlog.
- For precise details on order book status, it is recommended to contact the company's Investor Relations team or refer to official filings.
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
This quarter's potential multibaggers
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.
Financials of Kriti Industries
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kriti Industries
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 188.35 | 279.55 | 149.66 | 242.80 | 194.62 | 257.16 | 117.36 | 209.88 | 137.51 | 224.06 | 85.73 | 135.79 | 141.78 |
| Expenses + | 172.70 | 262.06 | 139.31 | 224.95 | 180.83 | 232.86 | 112.20 | 211.25 | 137.28 | 208.96 | 89.80 | 130.24 | 123.45 |
| Operating Profit | 15.65 | 17.49 | 10.35 | 17.85 | 13.79 | 24.30 | 5.16 | -1.37 | 0.23 | 15.10 | -4.07 | 5.55 | 18.33 |
| OPM % | 8.31% | 6.26% | 6.92% | 7.35% | 7.09% | 9.45% | 4.40% | -0.65% | 0.17% | 6.74% | -4.75% | 4.09% | 12.93% |
| Other Income + | 0.11 | 0.66 | 0.32 | 1.23 | 1.18 | 0.90 | 1.06 | 0.68 | 1.01 | 0.70 | 1.07 | -0.53 | -1.76 |
| Interest | 5.17 | 4.73 | 4.65 | 5.24 | 5.76 | 5.59 | 5.81 | 5.86 | 6.02 | 4.53 | 3.62 | 3.18 | 3.49 |
| Depreciation | 2.31 | 2.84 | 2.97 | 3.11 | 3.07 | 3.39 | 3.34 | 3.83 | 3.90 | 3.87 | 4.25 | 4.35 | 4.29 |
| Profit before tax | 8.28 | 10.58 | 3.05 | 10.73 | 6.14 | 16.22 | -2.93 | -10.38 | -8.68 | 7.40 | -10.87 | -2.51 | 8.79 |
| Tax % | -93.12% | 26.09% | 18.03% | 25.91% | 41.53% | 15.17% | 22.53% | 2.99% | -59.33% | 1.08% | -11.78% | -84.86% | 53.81% |
| Net Profit + | 15.99 | 7.86 | 2.51 | 7.96 | 3.60 | 13.84 | -3.56 | -10.89 | -3.66 | 7.26 | -9.68 | -0.47 | 4.01 |
| EPS in Rs | 3.22 | 1.58 | 0.51 | 1.60 | 0.73 | 2.79 | -0.72 | -2.20 | -0.72 | 1.38 | -1.84 | -0.09 | 0.76 |
Financials of Kriti Industries
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 380 | 480 | 387 | 446 | 588 | 534 | 589 | 545 | 732 | 867 | 722 | 587 |
| Expenses + | 360 | 442 | 357 | 416 | 558 | 489 | 522 | 505 | 740 | 807 | 694 | 552 |
| Operating Profit | 20 | 38 | 30 | 30 | 29 | 45 | 67 | 39 | -8 | 59 | 28 | 35 |
| OPM % | 5% | 8% | 8% | 7% | 5% | 8% | 11% | 7% | -1% | 7% | 4% | 6% |
| Other Income + | 1 | 2 | 1 | 3 | 2 | 1 | 1 | 8 | 3 | 3 | 4 | -1 |
| Interest | 13 | 17 | 13 | 13 | 15 | 17 | 11 | 14 | 17 | 20 | 23 | 15 |
| Depreciation | 5 | 4 | 5 | 6 | 6 | 7 | 7 | 8 | 9 | 12 | 14 | 17 |
| Profit before tax | 4 | 18 | 12 | 14 | 10 | 21 | 49 | 25 | -30 | 30 | -6 | 3 |
| Tax % | 41% | 41% | 35% | 34% | 40% | 11% | 26% | 20% | -24% | 28% | -30% | 50% |
| Net Profit + | 2 | 11 | 8 | 9 | 6 | 18 | 36 | 20 | -23 | 22 | -4 | 1 |
| EPS in Rs | 0.42 | 2.17 | 1.64 | 1.85 | 1.21 | 3.73 | 7.27 | 4.02 | -4.64 | 4.42 | -0.84 | 0.21 |
| Dividend Payout % | 0% | 8% | 9% | 8% | 12% | 4% | 3% | 5% | 0% | 5% | 0% | 0% |
Financials of Kriti Industries
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 45 | 55 | 62 | 71 | 76 | 94 | 129 | 149 | 125 | 147 | 197 | 213 |
| Borrowings + | 49 | 60 | 72 | 63 | 76 | 77 | 81 | 99 | 120 | 128 | 100 | 101 |
| Other Liabilities + | 91 | 103 | 105 | 118 | 154 | 177 | 150 | 156 | 161 | 174 | 170 | 103 |
| Total Liabilities | 190 | 223 | 243 | 258 | 311 | 353 | 365 | 409 | 411 | 454 | 472 | 421 |
| Fixed Assets + | 56 | 60 | 79 | 83 | 99 | 106 | 100 | 106 | 124 | 155 | 165 | 177 |
| CWIP | 3 | 4 | 0 | 0 | 1 | 1 | 8 | 14 | 17 | 13 | 21 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 4 | 4 |
| Other Assets + | 130 | 159 | 165 | 174 | 212 | 246 | 256 | 290 | 268 | 281 | 283 | 224 |
| Total Assets | 190 | 223 | 243 | 258 | 311 | 353 | 365 | 409 | 411 | 454 | 472 | 421 |
Financials of Kriti Industries
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 14 | 13 | 26 | 31 | 18 | 32 | 30 | 4 | 27 | 58 | 34 | |
| Cash from Investing Activity + | -10 | -9 | -18 | -12 | -25 | -16 | -14 | -7 | -31 | -46 | -37 | |
| Cash from Financing Activity + | -4 | -4 | -9 | -18 | 6 | -16 | -16 | 3 | 4 | -12 | 3 | |
| Net Cash Flow | -0 | 0 | -0 | 1 | -2 | 0 | -0 | 0 | -0 | 0 | -0 | |
| Free Cash Flow | 2 | 5 | 6 | 20 | -4 | 17 | 20 | -14 | -1 | 18 | 3 | |
| CFO/OP | 73% | 42% | 97% | 112% | 68% | 83% | 63% | 27% | -360% | 96% | 130% |
Financials of Kriti Industries
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 43 | 43 | 40 | 42 | 50 | 24 | 22 | 27 | 28 | 25 | |
| Inventory Days | 81 | 65 | 103 | 99 | 87 | 120 | 132 | 172 | 90 | 82 | 104 | |
| Days Payable | 88 | 76 | 96 | 101 | 95 | 131 | 92 | 106 | 73 | 71 | 85 | |
| Cash Conversion Cycle | 25 | 33 | 49 | 38 | 34 | 39 | 64 | 88 | 44 | 40 | 44 | |
| Working Capital Days | 4 | 11 | 4 | 4 | 8 | 10 | 27 | 36 | 4 | 10 | 12 | |
| ROCE % | 18% | 32% | 20% | 19% | 17% | 24% | 31% | 14% | -6% | 19% | 6% |
Guidance history
How Kriti Industries's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 2%+ | None planned | — | — |
| Q3 FY26 call → | 0–10% | Up 0–2% | Planned | None planned | — |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
| Q1 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.