Kriti Industries (India) Limited, incorporated in 1983, is a prominent manufacturer of premium quality piping products and solutions across multiple industrial segments. The company is headquartered in Indore, India, and had a workforce of 635 employees as of recent estimates. It is an India-based polymer pipes company engaged in the manufacturing of plastic polymer piping systems, molded plastic products, and accessories for water supply, irrigation, gas, telecom, and construction sectors.
Kriti Industries operates through four main verticals that cater to diverse market segments, manufacturing products across 33 extrusion lines for PVC pipes, 14 extrusion lines for HDPE and drip irrigation, and 27 injection moulding machines. This extensive setup facilitates the smooth transmission of liquids, primarily water, across various applications.
This segment includes rigid polyvinyl chloride (RPVC) pipe and fittings, casing pipe, polyethylene (PE) coils, sprinkler systems, submersible pipe, suction, and garden pipe. It serves India's substantial agricultural sector, providing essential water distribution and irrigation solutions.
Designed for residential and commercial construction, this segment offers soil waste rainwater (SWR) drainage pipe and fittings, chlorinated polyvinyl chloride (CPVC) and plumb pipe and fittings, garden pipe, and water tanks.
Addressing the growing demand for efficient water management in agriculture, this segment features micro irrigation lateral (inline and online), sprinkler systems, and RPVC pipe and fittings.
This segment's offerings include RPVC ring fit pipe (elastomeric) and fittings, high-density PE (HDPE) and medium-density PE (MDPE) pipes and fittings, permanently lubricated (PLB) telecom duct, and micro duct. The company also manufactures and sells PLB Ducts, HDPE & MDPE pipes largely used in the infrastructure sector.
Geographically, Kriti Industries derives a majority of its revenue from India, positioning the company as a domestic market leader in the polymer pipes sector. The Kriti Group manufactures a diverse range of products for sectors such as agriculture, micro irrigation, building and infrastructure, sewage, natural gas distribution pipelines, telecommunication, PLB HDPE ducts, industrial piping, blow moulded hollow plastic containers for industrial and domestic usage, and engineering plastic moulding.
As of recent market data, Kriti Industries (India) Ltd has a market capitalisation of ₹728 crore, with a revenue of ₹722 crore. The company reported a profit of -₹4.27 crore.
For the most recent quarter ended 2025, on a consolidated basis, Kriti Industries (India) Ltd reported a loss of ₹-3.53 crore on a total income of ₹138.51 crore. However, for the full year ended 2024, the company had posted a profit of ₹21.86 crore on a total income of ₹866.63 crore.
Kriti Industries filed audited standalone and consolidated FY25 financial results with unqualified audit reports on May 22nd. The company shows some operational challenges, having delivered a poor sales growth of 6.21% over the past five years and a low return on equity of -1.58% over the last 3 years.
• Market Capitalization: ₹728 crore (as of recent market data)
• Revenue: ₹722 crore
• Profit: -₹4.27 crore
• Q1 FY2025 Performance (Consolidated): Loss of ₹-3.53 crore, Total Income of ₹138.51 crore
• FY2024 Performance: Profit of ₹21.86 crore, Total Income of ₹866.63 crore
• 5-Year Sales Growth: 6.21%
• 3-Year Return on Equity: -1.58%
• Promoter Holding: 67.74% (as of Mar 2025)
The Kriti Industries (India) Ltd's 52-week high share price is ₹270.00 and the 52-week low share price is ₹90.35. The stock has moved up by 25.94% over the last 12 months on BSE, while over the last 3 years, Kriti Industries (India) Ltd share price moved up by 76.84% on BSE.
The stock is trading at 3.69 times its book value, which indicates the market's valuation of the company's assets. The company shows some debt management improvements as the company has reduced debt.
Promoter holding in Kriti Industries (India) Ltd has gone up to 67.74 per cent as of Mar 2025 from 66.77 per cent as of Sep 2024. This increase of 0.97% over the last quarter indicates strong management confidence in the company's prospects.
While Kriti Industries operates in essential infrastructure sectors, it faces certain operational challenges. The company has a low interest coverage ratio, which suggests some financial strain in meeting debt obligations. The mixed financial performance reflects the challenges in the polymer pipes industry, including raw material price volatility and competitive pressures.
Despite these challenges, the company's diversified product portfolio across agriculture, construction, and infrastructure sectors provides some resilience against sector-specific downturns. With India's continued focus on infrastructure development and agricultural modernization, Kriti Industries is positioned to benefit from these long-term growth trends, though immediate profitability challenges remain a concern for investors.
