Keerthi Industries (BSE: KEERTHI) is loss-making over the last 12 months, losing ₹27 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹40.14, 46% below its 52-week high. Sales fell 27% a year over 3 years. Debt is 0.92× equity. It is a small-cap company with a market cap of ₹32 Cr; the shares fell 41% over the past year.
- ₹42.00
- ₹47.85
- ₹40.10
- ₹40.00
- 1.6K
Health check
- ReturnsWeak
−41.2% over the past year.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −27.0% a year over 3 years.
- ProfitabilityNegative
ROCE -37.9%.
- Balance sheetStretched
Debt 0.92× equity, operating profit doesn’t cover interest.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹32 Cr
- Small cap
- P/E
- n/a
- Price to book
- 1.25
- Book value ₹32.01
- Dividend yield
- 0.00%
- ROE
- −46.1%
- Return on equity
- ROCE
- −37.9%
- Return on capital employed
- Debt to equity
- 0.92
- Debt ₹24 Cr
- EPS (TTM)
- −₹22.02
- OPM (TTM)
- −18.6%
- Net margin −24.4%
- Sales growth
- −37.5%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.39
- EV/EBITDA −4.0
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −46.1%.
- Quarterly sales down 37.5% on a year ago.
- 46% below its 52-week high.
- Interest coverage of only −1.6×.
About Keerthi Industries
Keerthi Industries Limited engages in the manufacturing, sale, and distribution of cement in India, Malaysia, and internationally. It offers OPC and PPC cement under the Suvarna brand. The company was formerly known as Suvarna Cements Limited and changed its name to Keerthi Industries Limited in 2005. Keerthi Industries Limited was incorporated in 1982 and is based in Hyderabad, India.
- Headquarters
- Hyderabad
- Employees
- 294
- Sector
- Basic Materials
- ISIN
- INE145L01012
- Website
- keerthiindustries.com
Price range
- Avg volume (3M)
- 748
- 1-year return
- minus 41.2%
- From 52-week high
- minus 46.5%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 30.6 | 22.5 | 15.9 | 24.6 | 19.1 | |
| 30.2 | 25.7 | 20.2 | 27.6 | 23.9 | |
| 0.4 | −3.3 | −4.3 | −2.9 | −4.7 | |
| 1.3% | −14.5% | −27.3% | −11.9% | −24.8% | |
| 0.2 | 0.2 | 1.1 | 0.1 | 0.1 | |
| 1.6 | 1.5 | 1.3 | 1 | 0.6 | |
| 3 | 3.1 | 2.3 | 1.8 | 1.7 | |
| −4 | −7.6 | −6.9 | −5.6 | −6.9 | |
| 29.2% | 30.0% | 24.6% | −72.6% | −3.9% | |
| −2.4 | −5.4 | −5.7 | −1.8 | −7.1 | |
| -2.98 | -6.78 | -7.11 | 9.88 | -8.91 |
Profit & loss
- Sales CAGR 3Y
- −27.0%
- ROE
- −46.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 241 | 212 | 96.7 | 93.6 | |
| – | minus 11.8% | minus 54.4% | minus 3.2% | |
| 240 | 216 | 105 | 102 | |
| 0.8 | −3.7 | −7.9 | −8.5 | |
| 0.3% | −1.8% | −8.2% | −9.1% | |
| 1 | 0.7 | −11 | 0.4 | |
| 3.3 | 6.1 | 6.3 | 5.3 | |
| 9.5 | 12 | 12.1 | 10.7 | |
| −0 | 0.4 | 0.2 | – | |
| −11.1 | −20.7 | −37.2 | −24.1 | |
| 34.7% | 24.4% | 32.4% | 4.4% | |
| −7.2 | −15.7 | −22.8 | −15.3 | |
| -9.03 | -19.57 | -28.41 | -19.07 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8 | 8 | 8 | 8 | |
| 71.5 | 55.6 | 32.7 | 17.6 | |
| 64.9 | 60.6 | 58.2 | 23.6 | |
| 43.1 | 50.2 | 70 | 77 | |
| 188 | 174 | 169 | 126 | |
| 122 | 117 | 102 | 82.8 | |
| 42.3 | 2.4 | 0.9 | 0.7 | |
| 0 | 0 | 0 | – | |
| 4.1 | 3.6 | 3.4 | 0.5 | |
| 19 | 51.7 | 62.7 | 42.3 | |
| 188 | 174 | 169 | 126 |
Cash flow
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| – | 6.4 | 15.5 | 4.6 | 1.2 | |
| – | −35.4 | −6.3 | 3 | 33.8 | |
| – | 30.1 | −10.2 | −8 | −34.5 | |
| – | 1 | −1 | −0.4 | 0.5 | |
| −12.9 | −35.4 | −6.8 | – | −5.3 | |
| – | −29 | 8.7 | 4.6 | −4.2 | |
| −1.2 | −1.2 | – | – | – |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.