Krishna Defence and Allied Industries Ltd, incorporated in 1997, designs, develops, and manufactures a wide range of equipment for defence, security, and dairy segments. The company is among India's very few manufacturing houses with comprehensive in-house capabilities of designing, developing, and manufacturing a wide range of equipment for Defence, Security, Dairy, and Mega Kitchen verticals. Formerly known as Krishna Allied Industries Pvt. Ltd., the company has established itself as a diversified manufacturer serving critical sectors of the Indian economy.
The company was incorporated in 1996 and has two manufacturing plants located in Gujarat, Kalol and Halol district near Vadodara. Krishna Defence made its public debut on April 6, 2022, when it got listed on NSE SME following a successful initial public offering.
Krishna Defence operates across four key verticals, demonstrating its diversified business model. The company is engaged in the diversified business of manufacturing defense application products, dairy equipment products and kitchen equipment. Each segment addresses specific market needs and contributes to the company's overall growth strategy.
The defence segment represents a critical component of the company's operations. It provides products for naval applications and other utilities such as ship building steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, alloys weld consumables like welding wire, flux and electrodes, food container and improved space heating device. The defence & security verticals have aided the Indian Government to procure equipment within the nation, whereas earlier, they were dependent 100% on imports.
In the dairy equipment segment, the Company has developed a range of dairy equipment products like: Stainless Steel Milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Milking Machine, Cow Brooming Brush and Robotic Milk Collection Unit. Since 1996, the dairy equipment has encouraged hygienic Milk Collection & Storage while bringing a revolution in the industry. The developed product works like a kiosk for Milk Collection for Milk Society, and it analyzes the farmer milk not only for Fat and Solids-Not-Fat (SNF) but also tests the milk for adulteration.
The Kitchen equipment assists the Governments and NGOs in serving mid-day meals in large organizations, schools, and remote locations, addressing the critical need for efficient food distribution systems in institutional settings.
The company's manufacturing capability includes a wide range of critical assemblies and precision components with close tolerances made possible through in-depth know-how on metallurgy, precision machining, assembly, specialized fabrication facilities with a series of multi-level inspections during the production process. This comprehensive manufacturing ecosystem enables the company to maintain quality standards and meet diverse customer requirements.
The core competencies include product prototype, design, and development, functional testing, validation, field testing, followed by verification, as well as Annual Maintenance Contracts, Service tele-support, and physical support to maintain the uptime of equipment. This end-to-end service capability strengthens customer relationships and provides recurring revenue opportunities.
In recognition of the significant contributions made by the firm, the Defense Technology Absorption Award 2013 is conferred on M/s. Krishna Industries, MUMBAI, highlighting the company's innovation and technological contributions to the defence sector.
The company offers a wide range of products under 'Make in India' to serve a wide array of Verticals from defence to dairy. This alignment with the government's strategic initiative positions Krishna Defence as a key player in reducing import dependence and building domestic manufacturing capabilities.
KDAIL develops indigenous solutions for import substitution in defense sector, directly contributing to national security objectives while building a sustainable business model. The company's diverse portfolio allows it to leverage synergies across different sectors and reduce dependence on any single market segment.
The company has a market capitalization of ₹1,211 Crore (up 7.30% in 1 year) with revenue of ₹195 Crore and profit of ₹21.9 Crore. For the year ended 2024, Krishna Defence & Allied Industries Ltd had posted a profit of ₹9.79 Crore on a total income of ₹106.43 Crore.
• Market Cap: ₹1,211 Crore (as of recent data)
• Revenue: ₹195 Crore
• Profit: ₹21.9 Crore
• FY2024 Total Income: ₹106.43 Crore
• FY2024 Net Profit: ₹9.79 Crore
• Price to Book Value: 9.23 times (indicating investor confidence in the company's asset base and growth prospects)
Promoter holding stands at 60.0%, with promoter holding having decreased over the last quarter by -2.31%. Promoter holding in Krishna Defence & Allied Industries Ltd has gone up to 62.27% as of Mar 2025 from 61.29% as of Feb 2024, showing relatively stable promoter commitment to the business.
Krishna Defence & Allied Industries Ltd represents a unique investment opportunity in India's manufacturing sector, combining defence applications with essential dairy and kitchen equipment solutions. The company's established manufacturing capabilities, diverse product portfolio, and alignment with government initiatives position it well for sustained growth in India's evolving industrial landscape.
