Kiri Industries Limited (KIL) is a leading manufacturer and exporter of a diverse array of dyes, dye intermediates, and basic chemicals from India. Renowned for its innovation and quality, KIL has established a significant presence in the global chemical industry. The company’s extensive product portfolio caters to various sectors, including textiles, leather, and paper.
In this article, we’ll delve into everything about KIL, exploring its history, product offerings, market reach, and commitment to sustainability, providing a comprehensive overview of this dynamic and influential player in the chemical manufacturing sector.
About Kiri Industries
Kiri Industries Limited (KIL) manufactures and exports a wide range of products crucial to the global chemical industry. Among its offerings are various categories of dyes, including Reactive Dyes known for their high color fastness and suitability for cotton and other natural fibers, Disperse Dyes widely used in synthetic fibers, Acid Dyes for dyeing wool, silk, and nylon, and Direct Dyes applicable to cotton, paper, and leather. Complementing its dyestuff portfolio, KIL produces key dye intermediates such as Vinyl Sulphone Ester, H-Acid, and acetanilide, which are essential for synthesizing dyes with specific properties and applications.
In addition to dyes and dye intermediates, KIL manufactures basic chemicals crucial for its production processes. These include Sulphuric Acid, vital for various industrial applications and as a raw material for other chemicals; Chlorosulphonic Acid, used in the manufacture of dyes and pharmaceuticals; Oleum, an important reagent in chemical synthesis; and Thionyl Chloride, utilized in the production of pharmaceuticals and agrochemicals. KIL’s comprehensive product lineup underscores its commitment to delivering high-quality solutions across multiple industries globally.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 26.72% | 26.72% | 26.72% | 26.72% | 26.72% |
| FIIs + | 46.81% | 46.35% | 45.73% | 42.07% | 39.73% |
| DIIs + | 0.48% | 0.54% | 0.56% | 0.48% | 0.34% |
| Public + | 26.01% | 26.40% | 27.00% | 30.74% | 33.21% |
| Others + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| No. of Shareholders | 30,154 | 32,600 | 30,285 | 30,810 | 32,067 |
The shareholding patterns of the company from June 2023 to June 2024 reveal some significant trends. The promoters have consistently maintained their stake at 26.72%, indicating a stable control over the company.
Foreign Institutional Investors (FIIs) showed a gradual decline in their holdings, decreasing from 46.81% in June 2023 to 39.73% by June 2024. This trend may suggest a reduction in foreign interest or investment strategy shifts.
Domestic Institutional Investors (DIIs) have seen a slight fluctuation, starting at 0.48% and ending at 0.34%, reflecting minimal activity and a stable but low presence.
Public ownership has been on the rise, increasing from 26.01% to 33.21% over the year, indicating a growing confidence among retail investors. The number of shareholders also increased from 30,154 to 32,067, suggesting enhanced public engagement and interest in the company.
This evolving shareholding pattern showcases a shift towards greater public ownership while indicating a cautious retreat by FIIs, which may reflect broader market sentiments or specific concerns about the company. For further detailed analysis, you may refer to related financial reports or market analysis sites.
Below are the trading platforms that you can use to purchase Kiri Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 396.15 | 344.48 |
| November 2024 | 412.00 | 358.26 |
| December 2024 | 416.12 | 361.84 |
In October 2024, the maximum price could reach ₹396.15, with a minimum of ₹344.48. As we move into November 2024, the price may rise slightly, with the maximum projected at ₹412.00 and the minimum at ₹358.26. By December 2024, Kiri Industries’ stock could see a maximum of ₹416.12 and a minimum of ₹361.84, continuing its steady growth trend.
| When | Maximum Price | Minimum Price |
| January 2025 | 420.28 | 323.29 |
| February 2025 | 424.53 | 326.56 |
| March 2025 | 433.44 | 333.42 |
| April 2025 | 429.15 | 330.12 |
| May 2025 | 416.65 | 320.50 |
| June 2025 | 435.40 | 334.92 |
| July 2025 | 426.86 | 328.36 |
| August 2025 | 440.06 | 338.51 |
| September 2025 | 445.35 | 342.57 |
| October 2025 | 456.92 | 351.48 |
| November 2025 | 468.35 | 360.27 |
| December 2025 | 489.42 | 376.48 |
As we move through 2025, Kiri Industries’ stock prices are projected to start at a maximum of ₹420.28 and a minimum of ₹323.29 in January. The trend shows a gradual rise, reaching ₹445.35 as the maximum and ₹342.57 as the minimum by September. By October, the prices could further climb to ₹456.92 and ₹351.48. The year is expected to close strongly, with December seeing a peak of ₹489.42 and a minimum of ₹376.48, reflecting steady growth throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 504.11 | 387.77 |
| February 2026 | 491.50 | 378.08 |
| March 2026 | 501.33 | 385.64 |
| April 2026 | 511.56 | 393.51 |
| May 2026 | 506.50 | 389.62 |
| June 2026 | 519.16 | 399.36 |
| July 2026 | 508.98 | 391.52 |
| August 2026 | 524.72 | 403.63 |
| September 2026 | 535.22 | 411.71 |
| October 2026 | 549.13 | 422.41 |
| November 2026 | 562.86 | 432.97 |
| December 2026 | 576.93 | 443.80 |
| When | Maximum Price | Minimum Price |
| January 2027 | 582.70 | 448.23 |
| February 2027 | 597.64 | 459.73 |
| March 2027 | 620.95 | 477.66 |
| April 2027 | 608.78 | 468.29 |
| May 2027 | 591.05 | 454.65 |
| June 2027 | 617.64 | 475.11 |
| July 2027 | 605.53 | 465.79 |
| August 2027 | 624.26 | 480.20 |
| September 2027 | 646.11 | 497.01 |
| October 2027 | 662.91 | 509.93 |
| November 2027 | 679.48 | 522.68 |
| December 2027 | 696.47 | 535.74 |
| When | Maximum Price | Minimum Price |
| January 2028 | 710.40 | 546.46 |
| February 2028 | 728.61 | 560.47 |
| March 2028 | 757.03 | 582.33 |
| April 2028 | 742.18 | 570.91 |
| May 2028 | 720.57 | 554.28 |
| June 2028 | 752.99 | 579.23 |
| July 2028 | 738.23 | 567.87 |
| August 2028 | 761.06 | 585.43 |
| September 2028 | 787.70 | 605.92 |
| October 2028 | 808.18 | 621.68 |
| November 2028 | 828.38 | 637.22 |
| December 2028 | 849.09 | 653.15 |
| When | Maximum Price | Minimum Price |
| January 2029 | 866.07 | 666.21 |
| February 2029 | 888.28 | 683.29 |
| March 2029 | 922.92 | 709.94 |
| April 2029 | 904.83 | 696.02 |
| May 2029 | 878.47 | 675.75 |
| June 2029 | 918.00 | 706.16 |
| July 2029 | 900.00 | 692.31 |
| August 2029 | 927.84 | 713.72 |
| September 2029 | 960.31 | 738.70 |
| October 2029 | 985.28 | 757.91 |
| November 2029 | 1,009.91 | 776.86 |
| December 2029 | 1,035.16 | 796.28 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,055.86 | 812.20 |
| February 2030 | 1,082.94 | 833.03 |
| March 2030 | 1,125.17 | 865.52 |
| April 2030 | 1,103.11 | 848.55 |
| May 2030 | 1,070.98 | 823.83 |
| June 2030 | 1,119.18 | 860.90 |
| July 2030 | 1,097.23 | 844.02 |
| August 2030 | 1,131.17 | 870.13 |
| September 2030 | 1,170.76 | 900.58 |
| October 2030 | 1,201.20 | 924.00 |
| November 2030 | 1,231.23 | 947.10 |
| December 2030 | 1,262.01 | 970.77 |
As we step into 2030, Kiri Industries’ stock prices are expected to reach a maximum of ₹1,055.86 and a minimum of ₹812.20 in January. Moving through the year, prices are projected to rise steadily, with a maximum of ₹1,170.76 and a minimum of ₹900.58 by September. As the year approaches its end, Kiri Industries could see further gains, reaching a maximum of ₹1,262.01 and a minimum of ₹970.77 by December, reflecting consistent growth throughout 2030.
Financial Condition of Kiri Industries: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,305 | 957 | 1,497 | 945 | 949 | 986 |
| Expenses + | 1,119 | 874 | 1,376 | 983 | 961 | 984 |
| Operating Profit | 186 | 83 | 121 | -37 | -12 | 1 |
| OPM % | 14% | 9% | 8% | -4% | -1% | 0% |
| Other Income + | 265 | 233 | 338 | 215 | 230 | 10 |
| Interest | 5 | 4 | 5 | 6 | 23 | 24 |
| Depreciation | 44 | 46 | 50 | 49 | 49 | 48 |
| Profit before tax | 402 | 265 | 404 | 122 | 146 | -61 |
| Tax % | 7% | 5% | 4% | 13% | 9% | |
| Net Profit + | 376 | 252 | 389 | 107 | 133 | 214 |
| EPS in Rs | 111.69 | 75.1 | 75 | 20.58 | 25.66 | 41.24 |
| Dividend Payout % | 0% | 1% | 0% | 0% | 0% |
Kiri Industries has exhibited varying financial results over the period from March 2020 to March 2024, with values expressed in crores. In March 2020, the company recorded sales of ₹1,305 crores, which peaked at ₹1,497 crores in March 2022 but declined to ₹949 crores by March 2024. This downward trend reflects challenges in sustaining revenue, indicating potential market pressures or operational inefficiencies.
Expenses have also shown fluctuations, decreasing from ₹1,119 crores in March 2020 to ₹961 crores in March 2024. However, this reduction has not been enough to offset the significant decline in sales. Operating profit has varied considerably, dropping from ₹186 crores in March 2020 to a negative ₹12 crores in March 2024, resulting in an operating profit margin (OPM) that plummeted from 14% to -1%. This indicates that Kiri Industries has faced difficulties in managing costs effectively relative to its revenue.
Profit before tax peaked at ₹404 crores in March 2022 but fell to ₹146 crores by March 2024. The tax percentage remained relatively low, peaking at 13% in March 2023 before decreasing to 9% in March 2024. Net profit followed a similar trajectory, declining from ₹376 crores in March 2020 to ₹133 crores in March 2024, with earnings per share (EPS) significantly dropping from ₹111.69 to ₹25.66 over the same period. Notably, Kiri Industries has not declared any dividends during these years, maintaining a 0% dividend payout, which suggests a strategy focused on reinvestment and recovery rather than returning cash to shareholders.
FAQs
What is Kiri Industries’ current market capitalization?
Kiri Industries is currently valued at approximately ₹1,851 crore in the market.
As of October 1oth, 2024, Kiri Industries’ shares are trading at ₹358.
Kiri Industries aims for its share price to range from ₹320.50 to ₹489.42 throughout 2025, reflecting optimistic growth expectations.
Looking ahead, Kiri Industries anticipates its share price to potentially reach between ₹970.77 and ₹1,262.01 by December 2030, underlining its long-term growth strategy.
What is Kiri Industries’ price-to-earnings (P/E) ratio?
Currently, Kiri Industries’ stock is trading at a P/E ratio of 8.66, reflecting its valuation relative to earnings.
Also Read
- KANCHI KARPOORAM SHARE PRICE TARGET 2024, 2025, 2026 to 2030
- ACCELYA SOLUTION INDIA SHARE PRICE TARGET 2024, 2025, 2026 to 2030
- Kaira Can Company Share Price Target 2024, 2025, 2026 to 2030
In conclusion, Kiri Industries Limited stands as a prominent player in the global chemical manufacturing sector, specializing in a wide range of dyes, dye intermediates, and basic chemicals. While the company has shown a commitment to innovation and quality, recent financial performance reflects challenges in sustaining sales and managing expenses effectively. The shareholding patterns indicate a growing confidence among retail investors, even as foreign institutional investments have decreased.
Looking ahead, projected share price growth from 2024 to 2030 suggests a positive outlook, driven by increasing public interest and potential recovery in sales. However, the company must address its operational inefficiencies and maintain cost control to enhance profitability. Overall, Kiri Industries has the potential for future growth, contingent on its ability to navigate market challenges and leverage its extensive product offerings.
What did we learn?
- 1 About Kiri Industries
- 2 Shareholdings Patterns of Kiri Industries
- 3 How to Purchase Kiri Industries Shares in India?
- 4 Kiri Industries Share Price Prediction 2024 – 2030
- 4.1 Kiri Industries Share Price Target 2024
- 4.2 Kiri Industries Share Price Prediction 2025
- 4.3 Kiri Industries Share Price Target 2026
- 4.4 Kiri Industries Share Price Prediction 2027
- 4.5 Kiri Industries Share Price Target 2028
- 4.6 Kiri Industries Share Price Prediction 2029
- 4.7 Kiri Industries Share Price Target 2030
- 5 Financial Condition of Kiri Industries: Last 5 Years
- 6 FAQs
- 7 Conclusion: Navigating Growth and Challenges in the Chemical Industry
