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.
Kiri Industries Q4 FY2024 Financial Summary
- Net Sales: Rs. 269.06 crore, marking a 20.95% increase year-on-year (YoY) from Rs. 222.45 crore in March 2023.
- Net Loss: Rs. 9.60 crore, showing an 84.39% reduction from Rs. 61.50 crore loss in March 2023.
- EBITDA: Rs. 10.93 crore, a substantial 652.02% increase from Rs. 1.98 crore in March 2023.
- Stock Performance: Kiri Industries shares closed at Rs. 327.35 on June 12, 2024, on the NSE.
- Returns: The stock delivered 11.82% returns over the last 6 months and 12.20% over the last 12 months.
Below are the trading platforms that you can use to purchase Kiri Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 369.36 | 321.18 |
| July 2024 | 365.67 | 317.97 |
| August 2024 | 380.29 | 330.69 |
| September 2024 | 395.50 | 343.92 |
| October 2024 | 387.75 | 337.17 |
| November 2024 | 399.38 | 347.29 |
| December 2024 | 409.37 | 355.97 |
Kiri Industries’ share price targets for 2024 show a fluctuating trend, with projected maximums ranging from ₹369.36 in June to ₹409.37 by December, and minimums from ₹317.97 in July to ₹321.18 in June. These forecasts indicate potential growth throughout the year, reflecting investor optimism in the company’s performance and market conditions.
As of June 14, 2024, Kiri Industries’ current share price stands at ₹342, with a market capitalization of ₹1,775 crore. The stock’s high and low prices for the year are ₹454 and ₹261, respectively, with a price-to-earnings (P/E) ratio of 13.4 and a book value of ₹542 per share.
| When | Maximum Price | Minimum Price |
| January 2025 | 417.55 | 321.20 |
| February 2025 | 428.26 | 329.43 |
| March 2025 | 444.96 | 342.28 |
| April 2025 | 436.24 | 335.57 |
| May 2025 | 423.53 | 325.79 |
| June 2025 | 442.59 | 340.45 |
| July 2025 | 433.91 | 333.78 |
| August 2025 | 447.33 | 344.10 |
| September 2025 | 462.99 | 356.15 |
| October 2025 | 475.03 | 365.41 |
| November 2025 | 486.90 | 374.54 |
| December 2025 | 499.08 | 383.90 |
Kiri Industries anticipates a bullish trajectory for its share price in 2025, with projected highs ranging from ₹417.55 in January to ₹499.08 by December, and lows from ₹321.20 in January to ₹383.90 in December. These forecasts suggest consistent upward momentum throughout the year, reflecting positive market sentiments and growth prospects.
As of the 9 months ending FY24, Kiri Industries’ revenue distribution indicates a significant reliance on dyes (51%) and dye intermediates (46%), with basic chemicals contributing 2%. Geographically, the company’s operations are well-balanced, with 54% of revenue from domestic markets and 46% from exports. Kiri Industries serves diverse sectors including apparel, automotive, carpets, leather, and industrial fabrics, underscoring its robust market presence and global reach.
| When | Maximum Price | Minimum Price |
| January 2026 | 514.05 | 395.42 |
| February 2026 | 527.23 | 405.56 |
| March 2026 | 547.79 | 421.38 |
| April 2026 | 537.05 | 413.11 |
| May 2026 | 521.41 | 401.08 |
| June 2026 | 544.87 | 419.13 |
| July 2026 | 534.19 | 410.91 |
| August 2026 | 550.71 | 423.62 |
| September 2026 | 569.98 | 438.45 |
| October 2026 | 584.80 | 449.85 |
| November 2026 | 599.42 | 461.09 |
| December 2026 | 614.41 | 472.62 |
Kiri Industries projects robust growth potential for its share price in 2026, with anticipated highs ranging from ₹514.05 in January to ₹614.41 by December, and lows from ₹395.42 in January to ₹472.62 in December. These forecasts indicate a strong upward trend throughout the year, driven by optimistic market outlook and strategic growth initiatives.
The company’s expansive geographical reach spans over 50 countries across all continents, including key markets like the USA, UK, UAE, and Australia, highlighting its global presence and diversified export strategy. Kiri Industries continues to leverage its established market position and sector expertise to capitalize on international opportunities and sustain upward momentum in its share price performance.
| When | Maximum Price | Minimum Price |
| January 2027 | 626.70 | 482.07 |
| February 2027 | 642.77 | 494.43 |
| March 2027 | 667.83 | 513.72 |
| April 2027 | 654.74 | 503.64 |
| May 2027 | 635.67 | 488.98 |
| June 2027 | 664.27 | 510.98 |
| July 2027 | 651.25 | 500.96 |
| August 2027 | 671.39 | 516.45 |
| September 2027 | 694.89 | 534.53 |
| October 2027 | 712.96 | 548.43 |
| November 2027 | 730.78 | 562.14 |
| December 2027 | 749.05 | 576.19 |
Kiri Industries anticipates a strong performance for its share price in 2027, with projected highs ranging from ₹626.70 in January to ₹749.05 by December, and lows from ₹482.07 in January to ₹576.19 in December. These forecasts suggest a consistent upward trajectory throughout the year, driven by favorable market conditions and strategic growth initiatives.
The company operates six manufacturing facilities located in Ahmedabad and Vadodara, Gujarat, including the Lonsen Kiri Plant, a joint venture with Zhejiang Longsheng, China. This facility specializes in manufacturing reactive dyes with a significant annual capacity of 50,000 metric tonnes, reflecting Kiri Industries’ robust vertical integration across the textile value chain. With diversified manufacturing capabilities and a strong international presence, Kiri Industries is poised to capitalize on global market opportunities and sustain its upward momentum in share price performance through 2027.
| When | Maximum Price | Minimum Price |
| January 2028 | 764.03 | 587.72 |
| February 2028 | 783.62 | 602.79 |
| March 2028 | 814.18 | 626.29 |
| April 2028 | 798.22 | 614.01 |
| May 2028 | 774.97 | 596.13 |
| June 2028 | 809.84 | 622.96 |
| July 2028 | 793.96 | 610.74 |
| August 2028 | 818.52 | 629.63 |
| September 2028 | 847.17 | 651.67 |
| October 2028 | 869.19 | 668.61 |
| November 2028 | 890.92 | 685.33 |
| December 2028 | 913.20 | 702.46 |
- January 2028: ₹587.72 (Minimum)
- December 2028: ₹913.20 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 931.46 | 716.51 |
| February 2029 | 955.34 | 734.88 |
| March 2029 | 992.60 | 763.54 |
| April 2029 | 973.14 | 748.57 |
| May 2029 | 944.79 | 726.77 |
| June 2029 | 987.31 | 759.47 |
| July 2029 | 967.95 | 744.58 |
| August 2029 | 997.89 | 767.61 |
| September 2029 | 1,032.81 | 794.47 |
| October 2029 | 1,059.67 | 815.13 |
| November 2029 | 1,086.16 | 835.51 |
| December 2029 | 1,113.31 | 856.39 |
- January 2029: ₹716.51(Minimum)
- December 2029: ₹1,113.31 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 1,135.58 | 873.52 |
| February 2030 | 1,164.70 | 895.92 |
| March 2030 | 1,210.12 | 930.86 |
| April 2030 | 1,186.39 | 912.61 |
| May 2030 | 1,151.84 | 886.03 |
| June 2030 | 1,203.67 | 925.90 |
| July 2030 | 1,180.07 | 907.74 |
| August 2030 | 1,216.57 | 935.82 |
| September 2030 | 1,259.15 | 968.57 |
| October 2030 | 1,291.88 | 993.76 |
| November 2030 | 1,324.18 | 1,018.60 |
| December 2030 | 1,357.28 | 1,044.07 |
- January 2030: ₹873.52 (Minimum)
- December 2030: ₹1,357.28 (Maximum)
Financial Condition of Kiri Industries: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 1,394 | 1,305 | 957 | 1,497 | 945 | 949 |
| Expenses (Rs. Crores) | 1,163 | 1,119 | 874 | 1,376 | 983 | 961 |
| Operating Profit (Rs. Crores) | 231 | 186 | 83 | 121 | -37 | -12 |
| Other Income (Rs. Crores) | 9 | 265 | 233 | 338 | 215 | 9 |
| Interest (Rs. Crores) | 5 | 5 | 4 | 5 | 6 | 23 |
| Depreciation (Rs. Crores) | 38 | 44 | 46 | 50 | 49 | 49 |
| Profit before Tax (Rs. Crores) | 198 | 402 | 265 | 404 | 122 | -75 |
| Net Profit (Rs. Crores) | 164 | 376 | 252 | 389 | 107 | 133 |
| EPS (Rs.) | 52.36 | 111.69 | 75.10 | 75.00 | 20.58 | 25.66 |
- Sales Performance: Kiri Industries’ sales varied significantly over the last five years, reaching a peak of Rs. 1,497 crores in 2022 and decreasing to Rs. 949 crores in 2024.
- Profitability Trends: Operating profit fluctuated from Rs. 231 crores in 2019 to a loss of Rs. 12 crores in 2024, influenced by varying levels of other income and interest expenses.
- Financial Highlights: Profit before tax peaked at Rs. 404 crores in 2022 due to substantial other income, while net profit ranged from Rs. 164 crores in 2019 to Rs. 133 crores in 2024.
- Earnings per Share (EPS): EPS showed variability, reflecting changes in profitability and financial performance.
- Growth Metrics: Compounded sales growth over ten years stood at 3%, declining to -7% over the last five years, while compounded profit growth decreased by -4% over five years but rebounded to 25% in the TTM.
- Stock Performance: The stock exhibited a CAGR of -8% over five years but saw a positive 14% return in the last year.
- Return on Equity (RoE): RoE declined to 5% in the last year from higher levels previously, highlighting challenges in maintaining profitability amidst market dynamics.
FAQs
What is Kiri Industries’ current market capitalization?
Kiri Industries is currently valued at approximately ₹1,775 crore in the market.
As of June 14, 2024, Kiri Industries’ shares are trading at ₹342.
Kiri Industries aims for its share price to range from ₹417.55 to ₹499.08 throughout 2025, reflecting optimistic growth expectations.
Looking ahead, Kiri Industries anticipates its share price to potentially reach between ₹1,135.58 and ₹1,357.28 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 13.4, reflecting its valuation relative to earnings.
Does Kiri Industries pay dividends?
Yes, Kiri Industries distributes dividends, with a modest payout history including 4% in FY2019 and no recent payouts.
How has Kiri Industries’ sales performance evolved over the last five years?
Kiri Industries’ sales peaked at ₹1,497 crores in 2022 and subsequently adjusted to ₹949 crores in 2024, showcasing its adaptability to market dynamics.
How has Kiri Industries’ profitability trended in recent years?
Kiri Industries’ profitability has shown resilience amidst fluctuations, with operating profit varying from ₹231 crores in 2019 to a manageable loss of ₹12 crores in 2024.
What is Kiri Industries’ return on equity (RoE) performance?
The company’s return on equity declined to 5% in the last fiscal year, indicative of ongoing efforts to optimize profitability and shareholder returns.
How has Kiri Industries’ stock performed over the past year?
Kiri Industries’ stock delivered encouraging returns of 11.82% over the last 6 months and 12.20% over the past year, reflecting investor confidence and positive market sentiment.
What are the compounded growth rates for Kiri Industries’ sales and profits?
Over the last decade, Kiri Industries achieved a compounded sales growth of 3%, with recent challenges showing a -7% decline over the past five years. However, its compounded profit growth rebounded strongly by 25% in the trailing twelve months.
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 (KIL) stands as a prominent figure in the global chemical sector, celebrated for its wide-ranging products serving key industries like textiles, leather, and paper. The company has demonstrated resilience amid fluctuating financial conditions, evident in its substantial revenue growth and impressive EBITDA performance in FY2024. Investors have shown confidence, reflected in the stock’s recent positive returns.
Looking forward, Kiri Industries sets ambitious targets for its share price, projecting significant growth potential up to 2030. Its debt-free status and attractive valuation relative to book value underscore its solid financial foundation. However, challenges such as low dividend payouts despite profitability, a constrained interest coverage ratio, and declining promoter holding require careful consideration.
Navigating these challenges while leveraging its market strengths will be pivotal for Kiri Industries to sustain growth momentum and enhance shareholder value in the foreseeable future.
What did we learn?
- 1 About Kiri Industries
- 2 Kiri Industries Q4 FY2024 Financial Summary
- 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 Target 2025
- 4.3 Kiri Industries Share Price Target 2026
- 4.4 Kiri Industries Share Price Target 2027
- 4.5 Kiri Industries Share Price Target 2028
- 4.6 Kiri Industries Share Price Target 2029
- 4.7 Kiri Industries Share Price Target 2030
- 5 Financial Condition of Kiri Industries: Last 5 Years
- 6 FAQs
- 6.1 What is Kiri Industries’ current market capitalization?
- 6.2 What is the current share price of Kiri Industries?
- 6.3 What is Kiri Industries’ share price target for 2025?
- 6.4 What is Kiri Industries’ share price target for 2030?
- 6.5 What is Kiri Industries’ price-to-earnings (P/E) ratio?
- 6.6 Does Kiri Industries pay dividends?
- 6.7 How has Kiri Industries’ sales performance evolved over the last five years?
- 6.8 How has Kiri Industries’ profitability trended in recent years?
- 6.9 What is Kiri Industries’ return on equity (RoE) performance?
- 6.10 How has Kiri Industries’ stock performed over the past year?
- 6.11 What are the compounded growth rates for Kiri Industries’ sales and profits?
- 7 Conclusion: Navigating Growth and Challenges in the Chemical Industry
