About
Keerthi Industries Limited engages in the manufacturing, sale, and distribution of cement in India, Malaysia, and internationally. It operates through two segments, Cement and Electronics. The company offers OPC and PPC cement under the Suvarna brand. It is also involved in manufacturing flexible and rigid printed circuit boards. 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.
Key Metrics
as of Sep 2026Market Cap34 Cr
P/E—
Div Yield0.00 %
Book Value₹32.00
52w High₹77.00
52w Low₹34.50
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.11 | 24.64 | 15.89 | 22.48 | 30.58 | 17.72 | 24.84 | 22.13 | 37.47 | 50.23 | 56.19 | 47.47 | 58.23 |
| Expenses | 23.85 | 27.57 | 20.22 | 25.98 | 30.39 | 19.71 | 31.01 | 30.66 | 40.96 | 55.32 | 53.38 | 49.89 | 57.53 |
| Operating Profit | -4.74 | -2.93 | -4.33 | -3.50 | 0.19 | -1.99 | -6.17 | -8.53 | -3.49 | -5.09 | 2.81 | -2.42 | 0.70 |
| OPM % | -24.80 | -11.89 | -27.25 | -15.57 | 0.62 | -11.23 | -24.84 | -38.54 | -9.31 | -10.13 | 5.00 | -5.10 | 1.20 |
| Other Income | 0.12 | 8.01 | 0.58 | 0.09 | 0.63 | 1.01 | 0.69 | 1.45 | 0.33 | 0.40 | 0.31 | 0.26 | 0.37 |
| Depreciation | 1.68 | 1.80 | 2.34 | 2.83 | 2.80 | 2.78 | 2.85 | 2.89 | 3.00 | 3.02 | 3.05 | 3.03 | 2.93 |
| Interest | 0.57 | 0.97 | 1.30 | 1.48 | 1.58 | 1.63 | 1.60 | 1.57 | 1.53 | 1.55 | 1.58 | 1.52 | 1.41 |
| Profit before tax | -6.87 | 2.31 | -7.39 | -7.72 | -3.56 | -5.39 | -9.93 | -11.54 | -7.69 | -9.26 | -1.51 | -6.71 | -3.27 |
| Tax % | 3.93 | 176.19 | -22.87 | -29.53 | -32.87 | -26.16 | -11.48 | -60.83 | -28.61 | -51.51 | -30.46 | -12.67 | 31.50 |
| Net Profit | -7.14 | -1.76 | -5.70 | -5.43 | -2.39 | -3.98 | -8.79 | -4.52 | -5.48 | -4.49 | -1.04 | -5.86 | -4.30 |
| EPS in Rs | -8.91 | -2.20 | -7.11 | -6.77 | -2.98 | -4.96 | -10.96 | -5.64 | -6.84 | -5.60 | -1.30 | -7.31 | -5.36 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 94.00 | 120.00 | 212.00 | 241.00 | 250.00 | 232.00 | 172.00 | 184.00 | 193.00 | 198.00 | 183.00 | 153.00 |
| Expenses | 104.00 | 137.00 | 216.00 | 241.00 | 219.00 | 184.00 | 164.00 | 177.00 | 166.00 | 166.00 | 141.00 | 127.00 |
| Operating Profit | -11.00 | -18.00 | -4.00 | 0.00 | 31.00 | 49.00 | 8.00 | 8.00 | 26.00 | 32.00 | 41.00 | 26.00 |
| OPM % | -11.00 | -15.00 | -1.80 | -0.10 | 12.00 | 21.00 | 4.80 | 4.20 | 14.00 | 16.00 | 23.00 | 17.00 |
| Other Income | 9.00 | 2.00 | 1.00 | 2.00 | 4.00 | -3.00 | 10.00 | 4.00 | 2.00 | 2.00 | 3.00 | 3.00 |
| Interest | 5.00 | 7.00 | 6.00 | 3.00 | 3.00 | 5.00 | 6.00 | 7.00 | 7.00 | 7.00 | 6.00 | 9.00 |
| Depreciation | 10.00 | 12.00 | 12.00 | 9.00 | 9.00 | 10.00 | 11.00 | 11.00 | 11.00 | 9.00 | 8.00 | 8.00 |
| Profit before tax | -16.00 | -34.00 | -21.00 | -11.00 | 22.00 | 30.00 | 1.00 | -5.00 | 11.00 | 18.00 | 30.00 | 10.00 |
| Tax % | -7.00 | -32.00 | -24.00 | -35.00 | 30.00 | 35.00 | 135.00 | -101.00 | 27.00 | 37.00 | 33.00 | -81.00 |
| Net Profit | -15.00 | -23.00 | -16.00 | -7.00 | 16.00 | 19.00 | 0.00 | 0.00 | 8.00 | 11.00 | 20.00 | 19.00 |
| EPS in Rs | -19.07 | -28.40 | -19.57 | -9.03 | 19.51 | 24.02 | -0.40 | 0.09 | 9.92 | 14.21 | 24.84 | 23.54 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 8.00 | 6.00 | -226.00 | 1,031.00 | 9.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 |
| Reserves | 18.00 | 33.00 | 56.00 | 71.00 | 80.00 | 66.00 | 47.00 | 48.00 | 49.00 | 41.00 | 43.00 | 23.00 |
| Borrowings | 24.00 | 58.00 | 61.00 | 65.00 | 30.00 | 30.00 | 56.00 | 61.00 | 63.00 | 66.00 | 86.00 | 82.00 |
| Other Liabilities | 77.00 | 70.00 | 50.00 | 43.00 | 44.00 | 47.00 | 32.00 | 39.00 | 51.00 | 60.00 | 38.00 | 37.00 |
| Total Liabilities | 126.00 | 169.00 | 174.00 | 188.00 | 163.00 | 150.00 | 143.00 | 157.00 | 171.00 | 176.00 | 175.00 | 150.00 |
| Fixed Assets | 82.00 | 101.00 | 114.00 | 80.00 | 86.00 | 92.00 | 100.00 | 107.00 | 114.00 | 121.00 | 102.00 | 107.00 |
| CWIP | 0.00 | 0.00 | 2.00 | 41.00 | 9.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.00 | 0.00 |
| Investments | 0.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 44.00 | 64.00 | 55.00 | 63.00 | 64.00 | 56.00 | 41.00 | 48.00 | 55.00 | 55.00 | 53.00 | 43.00 |
| Total Assets | 126.00 | 169.00 | 174.00 | 188.00 | 163.00 | 150.00 | 143.00 | 157.00 | 171.00 | 176.00 | 175.00 | 150.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.00 | 5.00 | 16.00 | 6.00 | 9.00 | 38.00 | 12.00 | 8.00 | 26.00 | 34.00 | 25.00 | 18.00 |
| Cash from Investing Activity | 34.00 | 3.00 | -6.00 | -35.00 | -14.00 | -1.00 | -4.00 | -4.00 | -3.00 | -9.00 | -23.00 | 0.00 |
| Cash from Financing Activity | -35.00 | -8.00 | -10.00 | 30.00 | -4.00 | -29.00 | -5.00 | -9.00 | -24.00 | -18.00 | -2.00 | -17.00 |
| Net Cash Flow | 0.00 | 0.00 | -1.00 | 1.00 | -9.00 | 7.00 | 3.00 | -6.00 | -2.00 | 7.00 | 0.00 | 1.00 |
| Free Cash Flow | -4.00 | 7.00 | 9.00 | -29.00 | -4.00 | 35.00 | 9.00 | 8.00 | 23.00 | 26.00 | 1.00 | 18.00 |
| CFO/OP % | -17.00 | -27.00 | -410.00 | -1,762.00 | 44.00 | 85.00 | 150.00 | 101.00 | 107.00 | 121.00 | 79.00 | 80.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 14.00 | 10.00 | 10.00 | 9.00 | 8.00 | 7.00 | 7.00 | 6.00 | 5.00 | 5.00 | 4.00 |
| Inventory Days | 217.00 | 382.00 | 281.00 | 461.00 | 287.00 | 329.00 | 237.00 | 222.00 | 398.00 | 351.00 | 465.00 | 433.00 |
| Days Payable | 896.00 | 791.00 | 286.00 | 232.00 | 117.00 | 156.00 | 184.00 | 205.00 | 331.00 | 293.00 | 338.00 | 420.00 |
| Cash Conversion Cycle | -679.00 | -395.00 | 5.00 | 239.00 | 180.00 | 181.00 | 61.00 | 23.00 | 73.00 | 63.00 | 131.00 | 17.00 |
| Working Capital Days | -213.00 | -154.00 | -42.00 | -6.00 | 7.00 | -14.00 | -108.00 | -84.00 | -82.00 | -98.00 | -44.00 | -70.00 |
| ROCE % | -25.00 | -25.00 | -11.00 | -6.00 | 23.00 | 38.00 | 0.00 | 1.00 | 16.00 | 20.00 | 27.00 | 17.00 |
Corporate Actions
5 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 15 Sep 2022 | — | — | 1.50 | |
| Dividend | 14 Sep 2021 | — | — | 1.50 | |
| Dividend | 16 Sep 2020 | — | — | 0.90 | |
| Dividend | 29 Jul 2019 | 30 Jul 2019 | — | 0.90 | |
| Dividend | 19 Sep 2018 | — | — | 0.90 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update6 Jan from care
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Rating update27 Nov 2025 from care
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Rating update29 Oct 2024 from care
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Rating update4 Jun 2024 from care
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Rating update16 Nov 2023 from care
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Rating update2 Feb 2023 from care