Krishca Strapping Solutions Limited is a Chennai-based manufacturer incorporated in 2017, specializing in the business of manufacturing steel straps, seals, and providing total packaging solutions. The company operates as a manufacturer and wholesaler of High Tensile Steel Straps, Strapping Seals and Strapping Tools for packaging. The company has established India's first Lead-Free and eco-friendly production line for the heat treatment of steel strapping and holds a 10% market share in the Indian steel strapping market.
The company has an integrated manufacturing facility specializing in the production of high tensile steel straps with an annual capacity of 18,000 MT. It has adopted an environment-friendly production line for the heat treatment of steel strapping. In May 2024, the company launched a new state-of-the-art production line, increasing the steel strapping capacity by 20,000 Metric Tons.
Krishca's steel strap varieties include KRISHCA PRIME, KRISHCA ULTRA PRIME and KRISHCA SUPER PRIME. KRISHCA PRIME is a regular duty packaging strap manufactured from cold rolled, low-carbon steel. KRISHCA ULTRA PRIME is a medium carbon steel strapping that is heat-treated to produce a product which combines high strength and elongation.
The company's seals are manufactured from CR sheets, and its press shop is equipped with machines. It offers seals, including Snap-On Seals, Thread-On Seals, Open-Flange Seals, Push-Type Seals, Nestack Seals, and Open-Type Seals. Its complete range of steel strapping tools caters to all kinds of packaging applications and includes combination, pneumatic combination, manual tensioners and sealers, and pneumatic tensioners and sealers.
At the Chennai Plant, heat-treated high tensile Steel Straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers, such as PLC Controlled automatic production line, Automated heat treatment process - Uniform grain structure, Pollution-free production process - Lead-free, and Super Jumbo coils up to 500 Kgs.
- FY25 Results:
- Total Revenue: ₹151.08 Crores
- EBITDA: ₹24.29 Crores
- Profit After Tax (PAT): ₹11.60 Crores
- Earnings Per Share (EPS): ₹8.33
- H2 FY25 Performance:
- Total Revenue: ₹87.24 Crores
- EBITDA: ₹14.75 Crores
- Profit After Tax (PAT): ₹6.16 Crores
- Earnings Per Share (EPS): ₹4.34
- Recent Growth:
- Reported 43% revenue growth and 20% EBITDA rise.
- Strong order book of ₹120 Crores as of June 2025.
- Market Capitalization: ₹385 Crores
- PE Ratio: 22.32
- PB Ratio: 3.34
- Profit Growth Trend:
- Mar 2022: ₹1.51 Crores
- Mar 2023: ₹9.34 Crores
- Mar 2024: ₹13.24 Crores
- Confirmed Orders (FY26): ₹50.79 Crores
- Confirmed Orders (Next 3 Years): ₹120.89 Crores
- Major Contract (APL Apollo Group): Commenced April 15, 2025, with an approximate value of ₹25 Crores per annum.
Key Packaging Contract Customers:
SHYAM METALICS AND ENERGY LIMITED, SHYAM Steel & POWER LIMITED, VEDANTA LIMITED ALUMINIUM & POWER, JINDAL STEEL & POWER LTD., SAMBHV STEEL TUBES LIMITED, STEEL AUTHORITY OF INDIA LTD, APL APOLLO BUILDING PRODUCTS PVT LTD, REAL ISPAT AND POWER LTD, ELECTRO STEEL LIMITED (Vedanta Group), and Mivaan Steels Ltd (subsidiary of JSW Steel Ltd).
The new Cold Rolling Complex project is progressing as per the original timeline, with major machinery orders completed. Factory construction is scheduled to begin in June 2025, with production expected to commence by Q4 of FY26.
- Promoter Holding: 51.9%
- Public Holding: 48.1%
- Promoter Holding Change: Decreased by 10.74% in the last 6 months.
The company's strong order book, expanding production capacity, and established customer relationships with major steel and manufacturing companies position it well for continued growth in India's packaging and strapping solutions market.
