Kiri Industries share price today

Kiri Industries Ltd's share price was ₹523.45 at the close on 4 November 2026. It has been rising for 7 weeks. That is 10.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹351 and ₹616, and at that close it sat 65% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Kiri Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row.

Over the last 11 years the share price moved +470% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 10 quarters in a row, best operating margin in 15 quarters and highest quarterly revenue in 15 quarters.

1. Foreign funds (FIIs) cut their stake for 10 quarters in a row

   From 39.7% to 16.6% of the company by the September 2026 quarter.

2. Best operating margin in 15 quarters

   Operating margin was 5% in the June 2026 quarter, against -8% a year earlier.

   Why: The company got better prices for its dyes and chemicals, which lifted the profit left after running the business.

   From the earnings call on 13 Aug 2026.

3. Highest quarterly revenue in 15 quarters

   Revenue of ₹312 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: Revenue rose because the company got much higher prices for its dyes and chemicals, not because it sold much more.

   Next results: check whether those higher prices last and whether factory use rises.

   From the earnings call on 13 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Kiri Industries reported revenue of ₹312 crore, up 54.5% from ₹202 crore a year earlier, and a profit of ₹291 crore, up 2,810.0% from ₹10.0 crore.

Kiri Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Kiri Industries' management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Kiri Industries closed at ₹523.45 on 4 November 2026, down 3.4% from ₹541.95 a year earlier (7 November 2025) and up 6.7% over five years. Its highest weekly close since March 2016 was ₹664.25 on 23 May 2025.

Kiri Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Kiri Industries closed at ₹523.45, down 3.0% on the week and down 3.8% on the month. 13 Aug 2026: Kiri Industries held its results call for April to June 2026. Management guided: Phase 1 project capital requirement close to ₹12,000 crore over the next 3 years; complete financial closure expected in coming months and debt repayment beginning in 2029 after the moratorium.

Earlier

• Results for April to June 2026: Revenue up 54.5% and profit up 2,810.0% on a year earlier.

Kiri Industries has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Kiri Industries Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 13 August 2026, Kiri Industries' management guided: Phase 1 project capital requirement close to ₹12,000 crore over the next 3 years; complete financial closure expected in coming months and debt repayment beginning in 2029 after the moratorium.

“Number one, that figure is dynamic. Therefore, the 20,000-25,000 crores of revenue in FY28 does not hold. Let me clarify that first.”Manish Kiri, on the call for April to June 2026

What management guided

• Prepared downstream schedule: copper tubes April to June 2027, rods January to March 2028 and refinery October to December 2028.
• 3 lakh-tonne CCR line; majority operational revenue in FY29-FY30.
• Partial refining capacity of 1.8 lakh tonnes and scrap-melting furnace planned in December-January 2026-27; full scrap/anode refining by January 2028, with smelter, sulfuric acid and fertilizer units in April to June 2028.
• Copper foil trial production planned in 18-20 months, around March 2028; approximately 5,000 KT trial scale, 10 KT Phase 1 system and 40 KT eventual ambition.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

When Kiri Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Updated copper topline and vendor-driven commissioning sequence - next call should establish the stable revenue and COD framework.

Kiri Industries is not on any of our India lists this week.

Kiri Industries Ltd earned ₹291 Cr of net profit in the Jun 2026 quarter, +2,810.0% on the same quarter a year earlier. Full-year FY26 profit was ₹5,567 Cr. Over 10 years profit has grown 39.7% a year on average. That is 93.3% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹5,567 Cr (+2,000.8% on the year before).

Why profit moved: revenue changed +54.5% on a year earlier and the margin moved +13.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +1,824.3% and revenue +24.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Kiri Industries Ltd reported ₹312 Cr of revenue in the Jun 2026 quarter, +54.5% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown −2.0% a year on average. The last full year, FY26, came in at ₹840 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹949 Cr.

FY26 revenue was ₹840 Cr, +13.5% on the year before.

Recent pace: the last four quarters grew +24.2% on average, against −2.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +25.0%, against +6.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +3,113.2%, against +397.8% a year (accelerating).

Kiri Industries Ltd's operating margin was 5.0% in the Jun 2026 quarter, 13.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −12.0% and 17.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +13.1 percentage points on the year while gross margin changed +9.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 70% of Kiri Industries Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹4,555 Cr of operating cash against ₹5,567 Cr of profit. After ₹287 Cr of spending on assets, ₹4,268 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 70% of profit came in as cash: the cash cycle got 136 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 4.7× depreciation over three years. The next section checks what that spending is building.

Kiri Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −64 days in FY26, down from 72 days in FY21. It spent ₹668 Cr on assets over the last 3 years. Customers take 45 days to pay, and stock sits for 96 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹840 Cr, each day of that cycle ties up about ₹2.3 Cr, so roughly −₹147 Cr is tied up in the business at any time.

FY26: customers took 45 days to pay and stock sat for 96 days, about 3.2 months of sales sitting as stock, for a full cycle of −64 days, shorter than FY21's 72.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 96 days. Customers pay about 45 days after that. Suppliers are paid at 205 days. Together that makes the −64-day cycle.

Spending on assets: ₹668 Cr over the last 3 years, against ₹141 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹42.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Kiri Industries Ltd's P/E is 4.2×, near the low end of its own history: it has been lower only 26% of the time. Its usual P/E (the middle reading) is 5.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.