Kiri Industries Limited — PPTs, 17-09-2025: Investor Presentation

Kiri Industries, a key player in Dyes, Dyes Intermediates, and Basic Chemicals, reported FY25 consolidated revenue of ₹740 Cr. However, it posted a PAT loss of ₹108.4 Cr for FY25 and ₹51.4 Cr for Q1-FY26. Dyes Intermediates (48%) and Dyes (39%) are major revenue contributors.

The company is strategically diversifying into integrated copper smelting and fertilizer production through its subsidiary, Indo Asia Copper Ltd. This ₹10,661 Cr project, with construction starting October 2025, leverages byproducts for fertilizer, aiming for an attractive ~25% IRR. Management is cautiously optimistic for FY26 in chemicals, focusing on efficiency, value-added products, and margin protection amid global competition and US tariffs.

A significant recent development involves the May 2025 Share Purchase Agreement to sell KIL's 37.57% stake in DyStar for approximately $69.65 Cr. Additionally, the Singapore Supreme Court awarded 5.33% interest on the prior $60.38 Cr DyStar valuation. Q1-FY26 diluted EPS was ₹1.75, and Net Debt to Equity for FY25 stood at 0.34.