Kriti Industries (India) Ltd. (KRITI) AI Stock Analysis

Top Page

Kriti Industries (India) Ltd.

(NSE:KRITI)

Select Model

Rating:41Neutral

Price Target:INR 47.00▼(-5.96% Downside)

Action:reiterated

Date:10/28/26

The score is held down primarily by weak financial performance—shrinking revenue, very thin margins, and a swing to materially negative free cash flow. Technicals add further pressure as the stock is in a strong downtrend with bearish momentum, despite oversold readings. Valuation is also constrained by negative earnings (negative P/E) and no visible dividend support.

Positive Factors

Improved balance-sheet leverageLower leverage and rising equity provide a more resilient capital structure than in earlier years. This should reduce balance-sheet pressure, preserve borrowing capacity, and give the company greater flexibility to support operations or fund measured growth over the next several quarters.

Negative Factors

Declining revenueContracting revenue signals weaker demand, volume, pricing, or product mix and limits operating leverage in the manufacturing business. Continued top-line pressure would make it harder to absorb fixed costs, sustain utilization, and rebuild earnings over the next several quarters.

Kriti Industries (India) Ltd. (KRITI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.60B
Dividend Yield: ―
Average Volume (3M): 1,858
Price to Earnings (P/E): -30.2
Beta (1Y): 0.96
Revenue Growth: -22.12%
EPS Growth: 28.84%
Country: India
Employees: 498
Sector: General
Sector Strength: 55
Industry: Construction Materials

Kriti Industries (India) Ltd. Business Overview & Revenue Model

Company Description

Kriti Industries (India) Limited, headquartered in Indore, India, specializes in the production and distribution of a wide array of plastic products and piping systems throughout the nation. Operating under its "Kasta" brand, the company offers a com...

How the Company Makes Money

Kriti Industries primarily makes money by manufacturing polymer-based piping products and selling them through distribution and dealer/retail networks (and, where applicable, to institutional and project customers). The company’s core revenue stream...

Kriti Industries (India) Ltd. Financial Statement Overview

Summary

Overall fundamentals are weak: profitability has deteriorated with revenue down -10.6% in FY2026 and net margin ~0.2% versus ~6.1% in FY2021. Cash generation is a key risk as free cash flow turned materially negative in FY2026 (-263.2M) and operating cash flow dropped sharply. The balance sheet is comparatively steadier with improved leverage (debt-to-equity ~0.41), but returns remain very low (ROE ~0.5%), limiting the overall financial score.

Income Statement

38Negative

Balance Sheet

63Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	5.36B	5.87B	7.22B	8.67B	7.32B	5.45B
Gross Profit	826.02M	826.94M	1.63B	1.70B	774.31M	1.01B
EBITDA	256.77M	349.07M	319.65M	594.68M	-74.62M	385.61M
Net Income	-83.40M	11.30M	-42.75M	219.30M	-230.06M	199.32M
Balance Sheet
Total Assets	0	4.83B	4.72B	4.54B	4.11B	4.09B
Cash, Cash Equivalents and Short-Term Investments	46.34M	155.37M	286.66M	2.98M	632.00K	1.52M
Total Debt	0	911.15M	1.00B	1.28B	1.20B	1.02B
Total Liabilities	-2.22B	2.61B	2.70B	3.02B	2.81B	2.55B
Stockholders Equity	2.22B	2.22B	2.02B	1.52B	1.30B	1.54B
Cash Flow
Free Cash Flow	-215.27M	-263.17M	26.27M	183.04M	-31.76M	-143.08M
Operating Cash Flow	-48.08M	79.84M	337.68M	584.29M	268.14M	40.28M
Investing Cash Flow	-50.36M	-123.39M	-365.62M	-458.95M	-306.65M	-70.21M
Financing Cash Flow	106.25M	89.05M	25.81M	-123.00M	37.63M	31.23M

Kriti Industries (India) Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price49.98

Price Trends

50DMA59.30Negative

100DMA64.31Negative

200DMA71.51Negative

Market Momentum

MACD-2.99Positive

RSI33.47Neutral

STOCH22.60Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KRITI, the sentiment is Negative. The current price of 49.98 is below the 20-day moving average (MA) of 54.92, below the 50-day MA of 59.30, and below the 200-day MA of 71.51, indicating a bearish trend. The MACD of -2.99 indicates Positive momentum. The RSI at 33.47 is Neutral, neither overbought nor oversold. The STOCH value of 22.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KRITI.

Kriti Industries (India) Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KRITI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KAJARIACER	70Outperform	INR 174.30B	29.23	―	1.62%	14.20%	66.86%
IN:SOMANYCERA	68Neutral	INR 22.30B	20.93	―	1.11%	9.32%	82.85%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ORIENTBELL	55Neutral	INR 5.10B	24.07	―	0.29%	13.22%	387.47%
IN:KRITI	41Neutral	INR 2.63B	-30.24	―	―	-22.12%	28.84%
IN:ASIANTILES	41Neutral	INR 13.59B	60.37	―	―	18.50%	-67.27%
IN:NITCO	39Underperform	INR 17.32B	-57.89	―	―	28.75%	98.71%

* General Sector Average

Performance Comparison

IN:KRITI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KRITI	Kriti Industries (India) Ltd.	49.98	-62.02	-55.38%
IN:ASIANTILES	Asian Granito India Limited	45.85	-20.06	-30.44%
IN:KAJARIACER	Kajaria Ceramics Limited	1109.15	-57.99	-4.97%
IN:NITCO	Nitco Limited	71.99	-29.01	-28.72%
IN:ORIENTBELL	Orient Bell Limited	346.05	55.77	19.21%
IN:SOMANYCERA	Somany Ceramics Limited	543.65	91.12	20.14%

Kriti Industries (India) Ltd. Corporate Events

Kriti Industries Announces Resignation of Company Secretary and Compliance Officer

Sep 21, 2026

Kriti Industries (India) Ltd. is a listed Indian company operating from Indore, Madhya Pradesh, with its securities traded on both BSE and the National Stock Exchange under the symbol KRITI. The company is subject to Securities and Exchange Board of...

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: Oct 28, 2026

Kriti Industries (India) Ltd. AI Stock Analysis

Top Page