Kriti Industries (India) Limited (KRITI.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-176.4%

-₹38.80

vs ₹50.80 price

Levered DCF

-₹35.90

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	308.62×	-118.97×	31.73×	-24.52×	26.57×	16.34×	31.85×	98.18×
P/B	1.57×	2.51×	4.59×	4.34×	3.44×	4.38×	5.95×	7.25×
P/S	0.59×	0.7×	0.8×	0.77×	0.97×	1×	1.1×	1×
EV / EBITDA	12.15×	18.99×	13.85×	-91.67×	16.38×	9.93×	14.7×	23.6×
Gross margin	14.1%	22.6%	19.6%	10.6%	18.5%	23.6%	11.7%	17.8%
Operating margin	3.1%	1.9%	5.5%	-2.3%	5.8%	10.5%	7.2%	3.9%
Net margin	0.2%	-0.6%	2.5%	-3.1%	3.7%	6.1%	3.5%	1.0%
Current ratio	1.26×	1.23×	1.19×	1.08×	1.32×	1.4×	1.14×	1.14×
Debt / equity	0.41×	0.5×	0.85×	0.92×	0.66×	0.6×	0.89×	1.06×
Interest coverage	1.22×	0.6×	2.33×	-1.01×	2.25×	5.65×	2.23×	1.52×
Dividend yield	0.0%	0.2%	0.0%	0.2%	0.2%	0.1%	0.1%	0.2%
Payout ratio	0.0%	-23.2%	0.0%	-4.3%	5.0%	2.1%	4.0%	14.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.5%	-2.1%	14.5%	-17.7%	12.9%	26.8%	18.7%	7.4%
Return on invested capital	2.5%	3.1%	11.5%	-5.0%	8.8%	19.5%	17.4%	7.7%
Return on assets	0.2%	-0.9%	4.8%	-5.6%	4.9%	9.9%	5.2%	1.9%
Free cash flow yield	-7.5%	0.5%	2.6%	-0.6%	-2.7%	3.4%	2.8%	-0.7%
Earnings yield	0.3%	-0.8%	3.2%	-4.1%	3.8%	6.1%	3.1%	1.0%
Enterprise value	₹4.2B	₹6.1B	₹8.2B	₹6.8B	₹6.3B	₹6.7B	₹6.8B	₹6.8B
Net debt / EBITDA	2.17×	3.14×	2.15×	-16.05×	2.64×	1.2×	1.91×	3.01×
Cash conversion cycle (days)	70	57	48	51	89	69	54	44