Kriti Industries (India) Limited — PPTs, 22-05-2025: Investor Presentation

1. Financial Highlights:

Kriti Industries reported FY25 revenue of INR 721.9 Cr, down 16.7% YoY, with EBITDA at INR 28.4 Cr (margin 3.93%), declining 52.3% YoY. The company posted a net loss of INR 4.3 Cr versus a PAT of INR 21.9 Cr in the prior year. Q4 revenues dropped 29.3%, with EBITDA at INR 0.2 Cr and net loss of INR 3.7 Cr. Agricultural segment revenue grew 3% on 5% volume growth, while Building Products surged 19% in value and 28% in volume. Industrial segment revenue declined sharply due to lower PVC resin prices. Balance sheet shows equity of INR 201.6 Cr and total assets of INR 472 Cr with manageable borrowings.

2. Strategic Initiatives & Growth Drivers:

Focus remains on agriculture growth fueled by modern irrigation and government support for plastic pipes. Building Products benefit from urbanization and rising adoption of CPVC pipes. Industrial segment struggles with volatile resin prices. QIP funds fully deployed — 20% to capex and 80% to working capital — supporting enhanced manufacturing efficiency. The 1.49 lakh MT capacity facility underpins expansion plans.

3. Business Developments:

No new acquisitions or partnerships announced. Continued volume expansion in Building Products and Agriculture segments. The “Kasta” brand maintains a strong recall with a dealer network of 490+ across 16 states, enabling deep market penetration.

4. Market Position & Competitive Advantage:

Kriti holds India’s largest single-location polymer pipe manufacturing facility and a strong brand, especially in Central India. Its broad product range across sectors offers market resilience. Advanced manufacturing and certifications support quality leadership and differentiation.

5. Investor Implications:

Near-term earnings remain under pressure due to slowing revenue and rising input costs. However, growth tailwinds in Building Products and Agriculture reflect positive potential. Investors should track margin trends and execution risks related to raw material volatility. Capital deployment and capacity expansion provide a solid base for medium-term recovery and scaling.