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Kriti Industries (India) Ltd.
(KRITI)
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Rating:43Neutral
Price Target:
₹55.00
▼(-20.55% Downside)
Action:Reiterated
Date:08/09/26
The score is held down primarily by weak and volatile fundamentals—sharp margin compression, inconsistent earnings, and negative free cash flow—despite improved leverage on the balance sheet. Technicals are mixed with a weak longer-term trend and near-overbought stochastic, and valuation is a major headwind due to an extremely high P/E with no dividend support.
Positive Factors
Improved Leverage
The substantial reduction in debt-to-equity improves financial resilience and lowers balance-sheet pressure relative to earlier years. More manageable leverage can preserve borrowing capacity and give the company greater flexibility to fund operations or navigate weaker demand over the next several quarters.
Negative Factors
Declining Revenue
The recent revenue contraction indicates weakening sales momentum across the company’s piping business and reduces operating leverage. Continued top-line pressure could make it harder to absorb fixed manufacturing costs, sustain utilization, and rebuild earnings without a durable recovery in end-market demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
The substantial reduction in debt-to-equity improves financial resilience and lowers balance-sheet pressure relative to earlier years. More manageable leverage can preserve borrowing capacity and give the company greater flexibility to fund operations or navigate weaker demand over the next several quarters.
Read all positive factors
Kriti Industries (India) Ltd. (KRITI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.00B
Dividend Yield0.15%
Average Volume (3M)1.57K
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue Growth-22.12%
EPS Growth28.84%
CountryIN
Employees498
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)-1.59
Shares Outstanding52,696,000
10 Day Avg. Volume1,718
30 Day Avg. Volume1,570
Financial Highlights & Ratios
PEG Ratio-2.48
Price to Book (P/B)1.57
Price to Sales (P/S)0.59
P/FCF Ratio-13.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.9
Revenue Forecast (FY)₹8.64B
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 ...
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 stre...
Kriti Industries (India) Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
63
Positive
Cash Flow
32
Negative
| 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 | 0.00 | 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 | 0.00 | 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
Negative
69.23
Price Trends
63.57
Negative
66.98
Negative
73.72
Negative
Market Momentum
-1.47
Positive
38.34
Neutral
20.75
Neutral
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 69.23 is above the 20-day moving average (MA) of 60.56, above the 50-day MA of 63.57, and below the 200-day MA of 73.72, indicating a bearish trend. The MACD of -1.47 indicates Positive momentum. The RSI at 38.34 is Neutral, neither overbought nor oversold. The STOCH value of 20.75 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹190.99B | 35.46 | ― | 1.15% | 8.32% | 74.12% | |
66 Neutral | ₹5.90B | 27.75 | ― | 0.25% | 13.22% | 387.47% | |
62 Neutral | ₹24.23B | 22.80 | ― | 1.02% | 9.32% | 82.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹13.53B | 59.99 | ― | 2.50% | 18.50% | -67.27% | |
43 Neutral | ₹3.00B | -35.89 | ― | 0.15% | -22.12% | 28.84% | |
43 Neutral | ₹18.67B | -62.10 | ― | 0.99% | 28.75% | 98.71% |
* General Sector Average
IN:KRITI
Kriti Industries (India) Ltd.
56.88
-66.17
-53.77%
IN:ASIANTILES
Asian Granito India Limited
45.64
-11.76
-20.49%
IN:KAJARIACER
Kajaria Ceramics Limited
1,215.40
-34.09
-2.73%
IN:NITCO
Nitco Limited
77.59
-34.31
-30.66%
IN:ORIENTBELL
Orient Bell Limited
400.05
108.77
37.34%
IN:SOMANYCERA
Somany Ceramics Limited
590.85
148.24
33.49%
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 ...
Kriti Industries Sets August 12 Virtual AGM, Moves to Ratify Audits and Leadership
Jul 21, 2026
Kriti Industries (India) Ltd. has scheduled its 36th Annual General Meeting for August 12, 2026 at 3:00 p.m. IST, to be conducted via video conferencing or other audio-visual means with its Indore corporate office deemed as the venue. The company ...
Kriti Industries Sets Remote E-Voting for 36th AGM on 12 August 2026
Jul 21, 2026
Kriti Industries (India) Ltd. has announced arrangements for shareholder participation in its 36th Annual General Meeting scheduled for Wednesday, 12 August 2026 at 3:00 p.m. IST. The company is implementing electronic voting mechanisms to facilit...
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.