# Kiri Industries share price today (Kiri Industries Ltd, NSE: KIRIINDUS)

> Kiri Industries share price today: ₹523.35 at the NSE close on 3 November 2026, down 2.0% in a year. Kiri Industries (NSE: KIRIINDUS) is worth ₹3,411 crore, trades at a P/E of 4.2 and has closed between ₹350.60 and ₹616.00 over the past 52 weeks. > Kiri Industries Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 26% of past readings. KIRIINDUS · Dyes & Pigments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/kiri-industries-ltd

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## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: ₹523.35 (−2.0% in a year)
- P/E: 4.2× (lower than 74% of the last 11 years)
- Revenue (Jun 2026): ₹312 Cr (+54.5% on a year ago)
- Profit (Jun 2026): ₹291 Cr (+2,810.0% on a year ago)
- Operating margin: 5.0% (+13.0 points on a year ago)
- ROCE: 3%, FY26
- Profit that came in as cash: 70%, last 3 years

The main question: yearly earnings per share moved +1,848.7% while the share price moved −2.0%. ## What is the Kiri Industries share price today? Kiri Industries Ltd's share price was ₹523.35 at the close on 3 November 2026. It has been rising for 7 weeks. That is 10.0% 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. 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 +469% 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. ## What changed at Kiri Industries this quarter? 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. ## What are Kiri Industries' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹312 crore | ₹202 crore | +54.5% |
| Profit | ₹291 crore | ₹10.0 crore | +2,810.0% |
| Earnings per share | ₹44.54 | ₹1.82 | +2,347.3% |
| Operating margin | 5.0% | −8.0% | +13.0 points |

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.)

## What is the Kiri Industries share price history? Kiri Industries closed at ₹523.35 on 3 November 2026, down 2.0% from ₹534.20 a year earlier (31 October 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹468.10 | +11.8% |
| 1 month ago · 1 Oct 2026 | ₹543.90 | −3.8% |
| 6 months ago · 30 Apr 2026 | ₹411.25 | +27.3% |
| 1 year ago · 31 Oct 2025 | ₹534.20 | −2.0% |
| 3 years ago · 3 Nov 2023 | ₹273.35 | +91.5% |
| 5 years ago · 4 Nov 2021 | ₹490.60 | +6.7% |
| 10 years ago · 4 Nov 2016 | ₹322.40 | +62.3% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹91.90 | +469.5% |
| Highest weekly close since March 2016 · 23 May 2025 | ₹664.25 | −21.2% |
| 52-week high (weekly close) · 2 Jan 2026 | ₹616.00 | −15.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹350.60 | +49.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Kiri Industries? 3 Nov 2026: Kiri Industries closed at ₹523.35, up 11.8% 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. ## What dividend does Kiri Industries pay? 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 4 November 2026.)

## What did Kiri Industries management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/4916/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 13 August 2026.)

## What to watch in Kiri Industries' next results? 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. - What to check (from the call)
- Updated copper topline and vendor-driven commissioning sequence - next call should establish the stable revenue and COD framework. - Financial closure and debt drawdown - check remaining commitments, first drawdown and funding mix. - Dyes utilization and realization durability - check whether the planned ramp arrives without margin sacrifice. - MCB court process and offtake - check mine development progress and enforceability of Kiri's sourcing route. ## Which stock lists is Kiri Industries on? Kiri Industries is not on any of our India lists this week. ## Is Kiri Industries profitable? 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. 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. ## How much revenue does Kiri Industries make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Kiri Industries keep? 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. 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. ## Is Kiri Industries' profit turning into cash? 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. 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. ## Where does Kiri Industries' cash go? 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. 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. ## What is Kiri Industries' P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved +1,848.7% while the price moved −2.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +1.3% a year; about +4.0% a year came from earnings growth and about −2.7 percentage points from the multiple (the market paying less); over 10 years the price moved +5.0% a year; about +0.9% a year came from earnings growth and about +4.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 331% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Kiri Industries business getting better or worse? Kiri Industries Ltd's business is turning around. Profit growth has swung from −22.9% at its low to +3113.2%, improving for 3 quarters in a row, with ROCE steady at 3.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Kiri Industries earn on its capital? Kiri Industries Ltd earned a ROCE of 3% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 662.7% net margin and 0.12× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 662.7% net margin × 0.12× asset turnover × 1.09× leverage (assets divided by equity) ≈ 86.7% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 331% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Kiri Industries have too much debt? Kiri Industries Ltd had ₹42.0 Cr of borrowings against ₹6,436 Cr of equity in FY26, so its debt is 0.01× its equity. Its operating profit is −1 times its interest bill. Over 5 years borrowings went from ₹152 Cr to ₹42.0 Cr. Over the last 3 of those years it spent ₹668 Cr on assets. The spending on assets is being paid for from cash, not new debt. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 331% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Kiri Industries shareholding pattern? Promoters raised their stake in Kiri Industries Ltd by 10.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 41.7% of the company. Foreign institutions moved −9.4 points over the same period, to 16.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +10.0 points over 8 quarters, to 41.7%; Foreign institutions: −9.4 points over 8 quarters, to 16.6%; Domestic institutions: +0.3 points over 8 quarters, to 1.5%. Why the owners changed: promoters drove it (+10.0 points), with the other side taken by foreign institutions (−9.4 points). They raised their stake step by step. ## How far is Kiri Industries from balance-sheet trouble? For Kiri Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Kiri Industries rank in its industry? 49.8 out of 100, rank 6 of 10 in Dyes & Pigments, with 71% of the evidence available. Kiri Industries Ltd scores 49.8 out of 100 against the 10 companies it is compared with in Dyes & Pigments, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.7 + 5.3 + 11.5 + 12.3 = 49.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Kiri Industries compared with? Kiri Industries ranks 6 of 10 Dyes & Pigments companies on the 4-Factor Sector Score, with 49.8 out of 100. 1. [Bhageria Industries Ltd](https://www.sectoralpha.in/stocks/bhageria-industries-ltd) BHAGERIA · leader · Most evidence points up · 82% evidence 69.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 75.8% · Profit 100% · Operating margin change 8 points · 95% evidence Capital efficiency 14.3/25 · ROCE 9.4% · Operating margin 19% · 76% evidence Valuation 9.2/20 · P/E 14× · PEG n/a · 50% evidence Relative strength 17.7/20 · Lead over its industry 45.6% · Lead over NIFTY 500 79% · 1 year 61.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 28.5 + 14.3 + 9.2 + 17.7 = 69.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Bodal Chemicals Ltd](https://www.sectoralpha.in/stocks/bodal-chemicals-ltd) BODALCHEM · breaking out · Most evidence points up · 89% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 27.6% · Profit 100% · Operating margin change 0 points · 88% evidence Capital efficiency 10.1/25 · ROCE 5.6% · Operating margin 10% · 100% evidence Valuation 14.3/20 · P/E 30.2× · PEG 0.39 · 65% evidence Relative strength 20.0/20 · Lead over its industry 79.6% · Lead over NIFTY 500 114.4% · 1 year 168.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.5 + 10.1 + 14.3 + 20 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Atul Ltd](https://www.sectoralpha.in/stocks/atul-ltd) ATUL · quiet · Evidence leans up · 100% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/35 · Revenue 18.1% · Profit 40.5% · Operating margin change -4 points · 100% evidence Capital efficiency 19.3/25 · ROCE 14.9% · Operating margin 13% · 100% evidence Valuation 16.2/20 · P/E 19.2× · PEG 0.47 · 100% evidence Relative strength 0.0/20 · Lead over its industry -35.1% · Lead over NIFTY 500 -16.5% · 1 year -12.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.8 + 19.3 + 16.2 + 0 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Vidhi Specialty Food Ingredients Ltd](https://www.sectoralpha.in/stocks/vidhi-specialty-food-ingredients-ltd) VIDHIING · losing its lead · Evidence leans up · 85% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 34.4% · Profit 22.4% · Operating margin change -5 points · 100% evidence Capital efficiency 21.8/25 · ROCE 18.8% · Operating margin 19% · 100% evidence Valuation 5.3/20 · P/E 25.5× · PEG 2.77 · 100% evidence Relative strength 9.3/20 · Lead over its industry n/a · Lead over NIFTY 500 1.3% · 1 year -9% · 25% evidence · 10 of 12 weeks ahead Exact sum: 18.8 + 21.8 + 5.3 + 9.3 = 55.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 5. [Ultramarine & Pigments Ltd](https://www.sectoralpha.in/stocks/ultramarine-pigments-ltd) ULTRAMAR · quiet · Evidence leans up · 81% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 15.6% · Profit 16.5% · Operating margin change 2 points · 88% evidence Capital efficiency 15.6/25 · ROCE 10.8% · Operating margin 19% · 100% evidence Valuation 9.6/20 · P/E 11.4× · PEG 2.42 · 100% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.2% · 1 year -22.3% · 25% evidence · 7 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.6 + 7.9 = 53.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Kiri Industries Ltd this page KIRIINDUS · breaking out · Evidence leans down · 71% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 25% · Profit 100% · Operating margin change 13 points · 83% evidence Capital efficiency 5.3/25 · ROCE 3.4% · Operating margin 5% · 76% evidence Valuation 11.5/20 · P/E 4.4× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry -4.7% · Lead over NIFTY 500 21.4% · 1 year 1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 20.7 + 5.3 + 11.5 + 12.3 = 49.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Sudarshan Colorants India Ltd](https://www.sectoralpha.in/stocks/sudarshan-colorants-india-ltd) SUDARCOLOR · turning · Evidence leans down · 100% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Revenue 6.3% · Profit -9.8% · Operating margin change 3 points · 100% evidence Capital efficiency 11.9/25 · ROCE 11.4% · Operating margin 13% · 100% evidence Valuation 17.6/20 · P/E 14.5× · PEG 0.47 · 100% evidence Relative strength 6.7/20 · Lead over its industry -20.5% · Lead over NIFTY 500 2% · 1 year -28.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.2 + 11.9 + 17.6 + 6.7 = 47.4 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Sudarshan Chemical Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-chemical-industries-ltd) SUDARSCHEM · breaking out · Evidence leans down · 81% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue 90.2% · Profit 2.3% · Operating margin change 2 points · 88% evidence Capital efficiency 8.4/25 · ROCE 5.5% · Operating margin 10% · 100% evidence Valuation 6.4/20 · P/E 78.1× · PEG 1.29 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.5% · 1 year -13.7% · 25% evidence · 12 of 12 weeks ahead Exact sum: 18.6 + 8.4 + 6.4 + 11.1 = 44.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Sadhana Nitro Chem Ltd](https://www.sectoralpha.in/stocks/sadhana-nitro-chem-ltd) SADHNANIQ · quiet · Most evidence points down · 71% evidence 32.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.1/35 · Revenue -24.3% · Profit -80% · Operating margin change 646.8 points · 74% evidence Capital efficiency 4.0/25 · ROCE -11.1% · Operating margin 17.9% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 6.3/20 · Lead over its industry -16.2% · Lead over NIFTY 500 5% · 1 year 13.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 12.1 + 4 + 10 + 6.3 = 32.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) INDOKEM · breaking out · Most evidence points down · 64% evidence 29.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.8/35 · Revenue -4.5% · Profit -57.5% · Operating margin change 0.5 points · 88% evidence Capital efficiency 3.1/25 · ROCE 5.5% · Operating margin 4.8% · 100% evidence Valuation 8.5/20 · P/E 799× · PEG n/a · 15% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 8.2% · 1 year -7.2% · 25% evidence · 5 of 5 weeks ahead Exact sum: 6.8 + 3.1 + 8.5 + 11.4 = 29.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Dyes & Pigments](https://www.sectoralpha.in/sectors/dyes-pigments), all 10 compared on one page. ## Which companies are close to Kiri Industries in size? Kiri Industries is the 3rd largest of 10 Dyes & Pigments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Atul and Sudarshan Chemical Industries. Just below it: Bodal Chemicals, Indokem, Bhageria Industries and Vidhi Specialty Food Ingredients. ### Dyes & Pigments companies close in size

1. [Atul Ltd](https://www.sectoralpha.in/stocks/atul-ltd) ₹14,805 crore
2. [Sudarshan Chemical Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-chemical-industries-ltd) ₹7,930 crore
3. Kiri Industries Ltd ₹3,513 crore
4. [Bodal Chemicals Ltd](https://www.sectoralpha.in/stocks/bodal-chemicals-ltd) ₹2,072 crore
5. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) ₹1,790 crore
6. [Bhageria Industries Ltd](https://www.sectoralpha.in/stocks/bhageria-industries-ltd) ₹1,582 crore
7. [Vidhi Specialty Food Ingredients Ltd](https://www.sectoralpha.in/stocks/vidhi-specialty-food-ingredients-ltd) ₹1,538 crore

[All 10 Dyes & Pigments companies, largest first](https://www.sectoralpha.in/sectors/dyes-pigments#all-companies)

### Companies close in size in other industries

1. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ₹3,525 crore · Oil Drilling & Exploration
2. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) ₹3,522 crore · Castings, Forgings & Fastners
3. Kiri Industries Ltd ₹3,513 crore
4. [GHCL Ltd](https://www.sectoralpha.in/stocks/ghcl-ltd) ₹3,475 crore · Chemicals - Inorganic - Caustic Soda/Soda Ash
5. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) ₹3,472 crore · IT - Software

## What else do people ask about Kiri Industries? ### What is Kiri Industries's share price today? Kiri Industries Ltd's share price is ₹523.35, −2.0% over the past year. The whole company is worth ₹3,411 Cr on the market. In the last 52 weeks it traded between ₹351 to ₹616; today it is 65% of the way up from the low, 10.0% above its 200-day average (as of 3 November 2026). ### What were Kiri Industries's latest quarterly results? Kiri Industries Ltd reported revenue of ₹312 Cr and net profit of ₹291 Cr for the Jun 2026 quarter. Revenue rose 54.5% and profit rose 2,810.0% compared with a year earlier. Earnings per share were ₹44.54. The operating margin was 5.0%, 13.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Kiri Industries's market cap? Kiri Industries Ltd's market capitalisation is ₹3,411 Cr at a share price of ₹523.35. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Kiri Industries performing? Kiri Industries Ltd's share price has been rising for 7 weeks. In its latest quarter, revenue rose 54.5% and profit rose 2,810.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will Kiri Industries's share price go up? This page does not forecast Kiri Industries Ltd's share price. What it shows instead: the share price is ₹523.35, and it has been rising for 7 weeks. Its P/E of 4.2× is higher than 26% of its own last 11 years (as of 3 November 2026). ### Who owns Kiri Industries? Promoters own 41.7% of Kiri Industries Ltd, foreign institutions 16.6%, domestic institutions 1.5% and the public 40.2% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 10.0 percentage points over 8 quarters (as of 3 November 2026). ### Where is Kiri Industries in its business cycle? Kiri Industries Ltd's FY26 operating margin was −12.0%, against a 13-year range of −12.0% to 17.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 5.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Kiri Industries story? The main question: yearly earnings per share moved +1,848.7% while the share price moved −2.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Kiri Industries a stock worth studying right now? What the numbers show: Kiri Industries Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 26% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Kiri Industries share price forecast for 2026? What management itself 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. This is research, not advice. We’re not SEBI-registered.