Kiri Industries

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹42 Cr against ₹6,436 Cr of shareholders' money (Mar 2026), 0.01 times.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 55% and profit rose 2,810% from a year earlier.
• DilutionRaise plannedNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters buyingThe promoters (founders or parent) own 42%, up from 32% in Jun 2025.
• ValuationCheap vs its pastThe share trades at 3.8 times its yearly earnings (P/E), cheaper than 100% of the time in the last 5 years. Its usual P/E is about 6.

Kiri Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)3.8 against a typical 15.3: cheaper than most peers (1st = cheapest).1st of 19
• Sales growth+54.5% against a typical +29.6% from a year earlier.6th of 17
• Profit growth+2,810% against a typical +93.6% from a year earlier.1st of 14
• Share price, 3 months+17.6% against a typical +1.9%.6th of 19
• Size₹ 3,077.6 Cr. market value against a typical ₹ 252 Cr. (1st = largest).2nd of 16

Exchange filings and their impact on the company.

• 28 Oct 2026UpdatesLow impactNeutralPrice +2.2% so far today
  Kiri completed registration of a 40% mining stake in its subsidiary with no near-term earnings impact disclosed.

  Kiri Industries said its wholly owned subsidiary Equinaire Holdings has completed the acquisition of 20 million shares of Makilala Mining Company Inc in the Philippines, representing 40% of its share capital. The transfer followed issuance of the tax clearance (eCAR) on 26 Oct 2026 and recording in the mining company's stock book. The update gives no purchase price or production plan, so no revenue or profit contribution is expected in the next 12 months.

  Full analysisFiling
• 21 Oct 2026UpdatesMedium impactPositivePrice −1.4% on 22 Oct
  Kiri detailed Rs 288.9 cr warrant funding for working capital and group copper/fertilizer capex; dilution ~10% with no near-term earnings.

  Kiri Industries clarified the use of its 60,82,600 preferential convertible warrants approved on September 29, 2026. Of the Rs 288.9 crore proceeds, Rs 50 crore is for working capital, Rs 90 crore each for copper and fertilizer projects, Rs 38.9 crore for a captive jetty and related infra, and Rs 20 crore for general corporate purposes, all within 24 months of receipt. The funds mainly back long-gestation group capex, so near-term revenue and profit impact is limited while equity dilution is about 10%.

  Full analysisFiling
• 21 Oct 2026UpdatesLow impactNeutralPrice −2.4% that day
  Kiri forms Chilean mining WOS with token capital; no near-term financial impact.

  Kiri Industries has incorporated a wholly owned subsidiary in Chile named ANDEMINA SpA. The subsidiary has an authorised capital of CLP 30 million with only CLP 100,000 paid-up for 100 shares, and is yet to start operations. It will explore mining, minerals, metals and related trading and project opportunities in Chile and abroad, with negligible initial investment and no near-term revenue impact.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Manish Kumar Pravinchandra Kiri

Executive Chairman of the Board, Managing Director

Jayesh Vyas

Chief Financial Officer

Prashant Pandya

President - Corporate Affairs and Strategy

Suresh S. Gondalia

Compliance Officer, Company Secretary

Yagnesh Mankad

Whole Time Director

Girish Hirabhai Tandel

Whole Time Director