Kiri Industries Limited has informed the Exchange regarding 'Updated Investor Presentation under Regulation 30 of SEBI LODR Regulations, 2015'.
KIRIINDUS · price
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Kiri Industries submitted a corrected version of its March 2026 investor presentation after initially uploading an incorrect one. The presentation highlights the successful conclusion of the long-running DyStar legal dispute, which brought in approximately USD 689 million (~INR 6,200 crore) as exceptional income, reflected in the standalone PAT of INR 50,678 Mn for 9M-FY26. The company is now pivoting into a new growth phase through its wholly owned subsidiaries — Indo Asia Copper Limited (5,00,000 MTPA copper smelting and refining project) and IndoAsia Agrotech Fertilizers Limited (10,50,000 MT integrated fertilizer plant) — at Jafrabad, Gujarat. Total project cost is around INR 13,300 crore, with an expected IRR of ~25% and ROE of 22–30%. Construction began on October 1, 2025, with a 36-month completion timeline, and INR 1,036 crore equity has already been infused. The core specialty chemicals business (dyes, intermediates, basic chemicals) continues to face pressure from US tariffs and Chinese competition, though US duties were reduced to 18% under a 2026 trade framework.
Shareholders get clarity on a transformational capital allocation: a one-time windfall from DyStar is being redeployed into a large-scale copper and fertilizer venture that could materially reshape the company's earnings profile, though execution and capex risks over the next 3 years remain. The stock, trading at INR 725.90 with a market cap of ~INR 43,570 crore, is likely to be re-rated based on copper project milestones and progress updates.