Kiri Industries Limited (KIRIINDUS) AI Stock Analysis

2 Followers

Kiri Industries Limited

(NSE:KIRIINDUS)

Select Model

Rating:71.35Outperform

Price Target:INR 568.00▲(11.39% Upside)

Action:reiterated

Date:09/08/26

The overall score is driven primarily by a strong balance sheet and extremely low headline valuation, which together signal meaningful upside potential if recent performance proves sustainable. This is tempered by the fact that profits and cash flows have been highly volatile and boosted by non‑recurring gains, while technical indicators show an overextended, high‑volatility price move, increasing near‑term downside risk despite the favorable long‑term fundamentals.

Positive Factors

Diversified specialty-chemicals applicationsServing several downstream industries gives Kiri Industries a broader customer and application base than reliance on one end market would provide. Its established focus on dyestuffs, dye intermediates, and specialty products supports a defined position within industrial chemical value chains.

Negative Factors

Volatile revenue and operating performanceRepeated revenue swings and mostly negative EBIT indicate that the business has not yet demonstrated dependable operating performance. This weakens confidence that growth can translate into durable earnings and makes future returns more sensitive to changes in demand and product economics.

Kiri Industries Limited (KIRIINDUS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 33.69B
Dividend Yield: ―
Average Volume (3M): 59.62K
Price to Earnings (P/E): 0.5
Beta (1Y): 1.15
Revenue Growth: 10.71%
EPS Growth: 2756.39%
Country: India
Employees: 787
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Kiri Industries Limited Business Overview & Revenue Model

Company Description

Kiri Industries Limited (KIL) is an enterprise focused on the manufacturing and worldwide sale of dyes, dye intermediates, and various basic chemicals. The company offers a diverse portfolio of dyes, including reactive, acid/metal complex, and wool r...

How the Company Makes Money

Kiri Industries Limited primarily makes money by manufacturing and selling (1) dyestuffs (dyes) and (2) dye intermediates. Revenue is generated through B2B sales to customers who use these products in downstream industrial applications (commonly text...

Kiri Industries Limited Financial Statement Overview

Summary

The company has a robust, low‑debt balance sheet with rising equity and very strong recent returns, but revenue, margins, and cash generation have been volatile and heavily influenced by non‑recurring gains, so overall financial strength is solid but not consistently proven.

Income Statement

62Positive

Balance Sheet

86Very Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	9.50B	8.40B	7.40B	7.09B	9.45B	14.73B
Gross Profit	1.38B	865.99M	2.29B	-555.78M	2.55B	4.52B
EBITDA	-1.88B	-2.21B	609.45M	-34.76M	-341.41M	1.23B
Net Income	58.47B	55.67B	2.65B	1.33B	1.07B	3.89B
Balance Sheet
Total Assets	0	70.39B	47.25B	34.11B	32.01B	30.74B
Cash, Cash Equivalents and Short-Term Investments	41.11B	41.11B	3.83B	45.66M	982.41M	173.04M
Total Debt	0	418.43M	11.24B	1.26B	451.81M	958.62M
Total Liabilities	-64.45B	5.94B	14.79B	5.99B	5.22B	5.02B
Stockholders Equity	64.45B	64.36B	32.47B	28.12B	26.79B	25.73B
Cash Flow
Free Cash Flow	-473.97M	42.49B	-7.49B	-692.99M	669.55M	547.00M
Operating Cash Flow	578.91M	45.36B	-3.42B	-605.79M	891.76M	921.96M
Investing Cash Flow	882.07M	-32.26B	-8.42B	287.87M	-179.47M	-289.68M
Financing Cash Flow	190.34M	-7.71B	11.94B	497.80M	-569.91M	-574.24M

Kiri Industries Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price509.90

Price Trends

50DMA527.70Negative

100DMA471.72Positive

200DMA444.68Positive

Market Momentum

MACD-2.59Negative

RSI49.50Neutral

STOCH40.02Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KIRIINDUS, the sentiment is Positive. The current price of 509.90 is above the 20-day moving average (MA) of 501.53, below the 50-day MA of 527.70, and above the 200-day MA of 444.68, indicating a neutral trend. The MACD of -2.59 indicates Negative momentum. The RSI at 49.50 is Neutral, neither overbought nor oversold. The STOCH value of 40.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KIRIINDUS.

Kiri Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KIRIINDUS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PIDILITIND	81Outperform	INR 1.59T	59.93	―	1.05%	16.83%	20.50%
IN:KIRIINDUS	71Outperform	INR 33.47B	0.53	―	―	10.71%	2756.39%
IN:FCL	69Neutral	INR 60.15B	43.86	―	0.25%	91.44%	19.67%
IN:ROSSARI	65Neutral	INR 23.79B	15.59	―	0.12%	19.76%	11.74%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:APCOTEXIND	52Neutral	INR 25.73B	15.05	―	1.62%	23.74%	134.63%
IN:AARTIIND	47Neutral	INR 175.68B	29.58	―	0.21%	39.85%	103.71%

* General Sector Average

Performance Comparison

IN:KIRIINDUS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KIRIINDUS	Kiri Industries Limited	509.90	-17.70	-3.35%
IN:AARTIIND	AARTI Industries Ltd	483.95	91.83	23.42%
IN:APCOTEXIND	Apcotex Industries Ltd	495.65	100.76	25.52%
IN:FCL	Fineotex Chemical Limited	52.69	26.95	104.68%
IN:PIDILITIND	Pidilite Industries Limited	1576.00	125.59	8.66%
IN:ROSSARI	Rossari Biotech Ltd	429.05	-200.39	-31.84%

Kiri Industries Limited Corporate Events

Kiri Industries Forms Chilean Mining Subsidiary ANDEMINA SpA

Oct 21, 2026

Kiri Industries Limited has incorporated a wholly owned subsidiary in Chile, named ANDEMINA SpA, with initial subscribed and paid-up capital of CLP 100,000 out of an authorized capital of CLP 30,000,000, and the entity has not yet generated operation...

Kiri Subsidiary Secures 40% Stake in Philippine Copper-Gold Developer via Auction

Sep 9, 2026

Equinaire Holdings Limited, a wholly owned subsidiary of Kiri Industries Limited, has acquired 20 million shares in Makilala Mining Company, Inc. through a public auction. The stake represents 40 percent of Makilala’s outstanding capital, giving Kiri...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Kiri Industries Limited AI Stock Analysis