Kridhan Infra (KRIDHANINF) had a P/E of 23.9× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 55% below their 52-week high. Sales fell 15% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹12 Cr. It is a small-cap company with a market cap of ₹24 Cr, ranked 135th of 150 Steel companies by market cap; the shares fell 41% over the past year.
- ₹2.08
- ₹2.19
- ₹2.02
- ₹2.09
- 1.2 L
Health check
- ReturnsBehind
−40.8% over a year, better than 0 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −15.1% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags5 to check
Negative net worth: liabilities exceed assets.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹24 Cr
- Small cap
- P/E
- 23.9
- Industry 19.9
- Price to book
- −0.08
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 23.4%
- ROCE
- n/a
- Peers 18.7%
- Debt to equity
- n/a
- Debt ₹12 Cr
- EPS (TTM)
- ₹0.09
- Face value ₹2
- OPM (TTM)
- 30.8%
- Net margin 35.4%
- Sales growth
- −47.0%
- Latest quarter vs a year ago
- Profit growth
- −96.9%
- Latest quarter vs a year ago
- Price to sales
- 8.82
- EV/EBITDA 39.3
Strengths and risks
Strengths
- Net margin of 35.4%.
Risks to check
- Negative net worth: liabilities exceed assets.
- Quarterly profit down 96.9% on a year ago.
- Quarterly sales down 47.0% on a year ago.
- 55% below its 52-week high.
- Interest coverage of only 1.1×.
About Kridhan Infra
Kridhan Infra Limited manufactures and trades in iron and steel and allied materials in India and internationally. The company provides bridge expansion joints for asphalt and concrete connections; and rebar mechanical couplers. In addition, the company offers bored piling, driven piling, micro piling and soil improvement, and soil investigation services. The company was formerly known as Readymade Steel India Limited and changed its name to Kridhan Infra…
- Headquarters
- Mumbai
- Employees
- 8
- Sector
- Basic Materials
- ISIN
- INE524L01026
- Website
- kridhan.com
Price range
- Avg volume (3M)
- 65.3K
- 1-year return
- minus 40.8%
- From 52-week high
- minus 55.0%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| KRIDHANINFKridhan Infra | 2.15 | plus 2.87% | 24 | 23.9 | 18.7 | – | 30.8% | – | −15.1% | minus 40.8% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1.5 | 1.3 | 0.2 | 0.4 | 0.8 | |
| 0.6 | 0.4 | 0.2 | 0.3 | 1 | |
| 0.9 | 0.8 | 0 | 0.1 | −0.1 | |
| 58.8% | 66.6% | 2.3% | 31.4% | −16.9% | |
| 0 | 0 | 0 | 1.1 | 0.4 | |
| 0.5 | 0.5 | 0.5 | 0.3 | 0.2 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.9 | – | 0.2 | 0 | – | |
| 1.2 | 0.3 | −0.3 | 0.9 | 0 | |
| 1.2 | 0.3 | −0.3 | 0.9 | 0 | |
| 0.13 | 0.03 | -0.03 | 0.09 | – |
Profit & loss
- Sales CAGR 3Y
- −15.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.6 | 0.8 | 2.6 | 3.4 | |
| – | minus 85.0% | +204.9% | +33.7% | |
| 5.6 | 0.5 | 0.8 | 1.6 | |
| 0 | 0.3 | 1.8 | 1.9 | |
| 0.7% | 35.3% | 69.3% | 54.6% | |
| 0.9 | 0.9 | 0.5 | 1.1 | |
| 0 | 0.1 | 1.7 | 1.8 | |
| 0.6 | 0.4 | 0.3 | 0.3 | |
| −55.4 | −25.9 | 72.1 | 1.2 | |
| −55.1 | −25.1 | 72.3 | 2.1 | |
| −0.7% | 0.1% | – | – | |
| −64.3 | −209 | 72.3 | 2.1 | |
| -6.79 | -22.06 | 7.63 | 0.23 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 19 | 19 | 19 | 19.9 | |
| −382 | −374 | −302 | −288 | |
| 20.4 | 27.4 | 25.5 | 11.5 | |
| 372 | 361 | 284 | 292 | |
| 29.8 | 33.2 | 26.4 | 35.7 | |
| 17.5 | 17.1 | 16.8 | 16.5 | |
| 1.8 | 1.8 | 1.8 | 1.8 | |
| 0.9 | 1.5 | 3.3 | 0.4 | |
| 9.6 | 12.9 | 4.6 | 17 | |
| 29.8 | 33.2 | 26.4 | 35.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.8 | −4.7 | 5.3 | 1.7 | |
| 0.2 | 0.1 | 0.3 | −0.8 | |
| −1.5 | 5.1 | −3.7 | −3.9 | |
| 0.5 | 0.5 | 1.8 | −2.9 | |
| – | −0 | – | – | |
| 1.8 | −4.8 | 5.3 | 1.7 |
Shareholding pattern
- Promoters40.05%
- Public59.95%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 40.05% | 59.95% | 0.00 | |
| 30 Jun 2026 | 40.05% | 59.95% | 0.00 | |
| 14 May 2026 | 40.05% | 59.95% | minus 4.83 | |
| 31 Mar 2026 | 44.88% | 55.12% | 0.00 | |
| 17 Mar 2026 | 44.88% | 55.12% | – |
Major shareholders
Filings & events
News
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