Sri KPR Industries Limited

Industrials — Building Products & Equipment · NSE

₹26.19−₹0.05 (−0.19%)

DalalBaazaar Score

60 / 100

🟢 Good

Verdict

CAUTION

Risk

High

Driven by moderate debt load, negative free cash flow, micro-cap size, which brings thin liquidity.

In simple words: The business is earning a fairly low return on the money invested in it, with both sales and profits growing well. Cash generation is currently the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:08 pm

Caution warranted. Multiple fundamental metrics — flagged in red below — point to either valuation stretch, leverage risk, or weakening profitability. This doesn't mean avoid the stock outright, but it does mean the burden of proof is on the growth story to justify the current price.

Understanding the Business

Company site ↗

The 60-second version of Sri KPR Industries Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Sri KPR Industries Limited, together with its subsidiaries, generates and sells wind electric power in India. It is also involved in the business of civil contracts.

IndustryBuilding Products & Equipment

SectorIndustrials

Employees8

Annual revenue₹13 Cr

How does it make money?

Turns over ₹13 Cr a year. Of every ₹100 of sales, about ₹48 reaches shareholders as profit, with ₹43 left at the operating level before interest, tax and depreciation. Each of its 8 employees supports ₹1.68 Cr of revenue a year, the signature of a capital- or asset-led business.

EBITDA margin43.4%

Net margin47.6%

Revenue / employee₹1.68 Cr

Who are its competitors?

The closest listed comparisons in its industry are LARSEN & TOUBRO LTD., SIEMENS LTD, ABB INDIA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

LARSEN & TOUBRO LTD.P/E 30.1x · ROE 15.2%

SIEMENS LTDP/E 88.8x · ROE 10.5%

ABB INDIA LIMITEDP/E 92.6x · ROE 19.1%

What is its competitive advantage?Little sign of one

Returns on capital of 3.2% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

ROCE3.2%

ROE5.3%

Peer median ROE15.2%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -3% while net margin moved +100% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-3%

Margin effect+100%

DalalBaazaar Score

60/ 100

Good

Weighted across six categories. Every point is explained below.

✓ Beta of 0.53 — historically steadier than the index
✗ Micro Cap: thinner liquidity and sharper drawdowns are normal
✗ Profits have swung sharply from year to year — earnings are hard to forecast
✗ Negative free cash flow means dependence on external funding

Quality vs. Valuation

Company Quality

57/ 100

Average

How good the business is, ignoring the share price entirely.

Valuation

82/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

Historical Valuation

Current P/E

7.9x

Sector Median

88.8x

median of 3 sector peers

🟢Against its sector it trades 91% below the peer median of 88.8x.

vs. its own history

Not enough price and earnings history

vs. sector peers

Cheap

88.8x median of 3 peers · -91%

vs. generic bands

Cheap

Below 15x

P/E (Trailing)

7.9x

P/B

0.41x

EV/EBITDA

8.9x

PEG

0.32

Dividend Yield

3.82%

What's Good / What's Bad

🟢 What's Going Well1

Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention2

Debt is rising
Total debt is up 67% over 3 years — worth checking what it funded.
Free cash flow is negative
The business is not currently covering its capital spending from operations.

Red Flags

2 items require attention · 2 high

🔴Debt has risen sharplyFinancial
Total debt is up 67% over 3 years, from ₹1 Cr to ₹1 Cr.
🔴Free cash flow negative for 4 yearsFinancial
The business has not covered its capital spending from operations for several years running, which has to be funded externally.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Cheaper than its peers
It trades 91% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
2 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 41%✓ 43.4%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Free cash flow remains positive✗ -₹3 Cr
Profit that never becomes cash eventually stops being profit.
3Debt / EBITDA stays below 2x✓ 0.2x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
4ROCE stays above 8%✗ 3.2%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

7 / 10 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✗ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high

Price history

Quick Metrics

6 good · 2 neutral · 3 weak

Market Cap

₹53 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

7.9x

Cheap

Cheap against the generic band

P/B Ratio

0.41x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹3.31

Profitable

Profitable on a per-share basis

ROE

5.3%

Weak

Weak capital efficiency

ROCE

3.2%

Weak

Low return on total capital employed

Debt/Equity

0.88x

Moderate

Moderate leverage

Revenue Growth (YoY)

33.1%

Healthy

Healthy top-line growth

Profit Growth (YoY)

42.4%

Healthy

Profits growing at a healthy clip

Dividend Yield

3.82%

Healthy

Meaningful cash return while you hold the stock

Free Cash Flow

-₹3 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

CMP

₹26.19

ROA

3.0%

Average

Average asset productivity

Operating Margin

28.1%

Good

Healthy core-business profitability

Net Margin

40.0%

Good

Strong bottom-line conversion

Current Ratio

15.25

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.53

Defensive

Steadier than the market

52W Range Position

39%

Mid-range

Technical Snapshot

RSI (14)

40.9

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹14 Cr	₹14 Cr	₹12 Cr	₹13 Cr	-1.0%
EBITDA	₹6 Cr	₹2 Cr	₹2 Cr	₹6 Cr	-0.8%
EBITDA Margin	43.1%	13.0%	19.9%	43.4%	—
PAT (Net Profit)	₹3 Cr	₹8 Cr	₹5 Cr	₹6 Cr	+24.8%
EPS	₹1.63	₹3.91	₹2.29	₹3.17	+24.8%
ROE	3.0%	6.7%	3.8%	5.0%	—
ROCE	3.3%	2.3%	0.7%	3.2%	—
Total Debt	₹1 Cr	₹0 Cr	—	₹1 Cr	+18.7%
Free Cash Flow	-₹3 Cr	-₹6 Cr	-₹6 Cr	-₹3 Cr	—

🟡 Revenue has been broadly flat over 3 years (-1.0% a year).

🟡 EBITDA has been broadly flat over 3 years (-0.8% a year).

🟡 EBITDA Margin has held roughly flat at 43.4% over 3 years.

🟢 PAT (Net Profit) has grown at 24.8% a year over 3 years.

🟢 EPS has grown at 24.8% a year over 3 years.

🟢 ROE has risen from 3.0% to 5.0% over 3 years (+2.0 pts).

🟡 ROCE has held roughly flat at 3.2% over 3 years.

🔴 Total Debt has grown at 18.7% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹142 Cr

Total Liabilities

₹14 Cr

Total Debt

₹1 Cr

Cash & Equivalents

₹2 Cr

Operating Cash Flow

-₹1 Cr

Capex

-₹2 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

82.3%

Corporate Actions

Dividend Rate

₹1

Ex-Dividend Date

23 Sept 2026

Peer Comparison

Company	P/E	ROE
LARSEN & TOUBRO LTD.	30.1x	15.2%
SIEMENS LTD	88.8x	10.5%
ABB INDIA LIMITED	92.6x	19.1%

Recent News

1 mixed5 general

Sri KPR Industries Limited (514442) Company Information

Simply Wall Street, 03 Oct

SRIKPRIND Stock Price and Chart — NSE:SRIKPRIND

TradingView, 17 Aug

Sri KPR Industries Ltd. Financials – Balance Sheet, Profit & Loss, Cash Flow

Value Research, 27 Aug

Sri KPR Industries Ltd is Rated Sell by MarketsMOJO

MarketsMojo, 07 Oct

Sri KPR Industries Limited Submits Quarterly Compliance Certificate for Q4 FY26

scanx.trade, 15 SeptResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

AKI India Ltd leads gainers in 'B' group

Business Standard, 02 Sept

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

🟢Business QualityStrong13/20

🟡Financial HealthAdequate10.5/20

🟡GrowthModest10.5/20

🟡ProfitabilityModerate8.9/15

🟢ValuationAttractive12.6/15

🔴RiskHigh4/10

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 2 high-severity red flags sit above this conclusion and should be read first.

This thesis breaks if

✓EBITDA margin holds above 41%43.4%
✗Free cash flow remains positive-₹3 Cr
✓Debt / EBITDA stays below 2x0.2x
✗ROCE stays above 8%3.2%