BSE: 500248
KRISHNA FILAMENT INDUSTRIES LI
Manufactures filament products from its base in Boisar, Palghar, Maharashtra, under the plastic products — industrial classification, but has reported zero revenue from operations across FY26 and into Q1 FY27. The only income reflected in recent quarterly P&Ls is 'other income' — Rs 8.56 lakhs for full FY26 and Rs 12 lakhs in Q1 FY27. Quarterly expenses remain minimal, limited to employee costs and other overheads (Rs 1.89 lakhs in Q2 FY26, Rs 2.00 lakhs in Q3 FY26). At FY26 end, total assets were Rs 71.16 lakhs while other equity stood negative at Rs 1,053.50 lakhs and non-current borrowings of Rs 284.65 lakhs left net worth at negative Rs 284.62 lakhs. Paid-up capital remains Rs 778.63 lakhs, with the FY25 annual report attributing zero operational revenue to unavoidable circumstances. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Filament products (manufacturing), Other income (100%). Dormant industrial filament manufacturer; equity eroded by accumulated losses
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (0) | 0 | (0) | 0 | (0) |
| EPS, as reported (₹) | (0.04) | 0.03 | (0.03) | 0.01 | 0.00 |
| ROE % · ROCE % | 1.0 · (90.5) | (1.0) · 46.2 | 0.8 · (60.1) | (0.2) · 13.2 | 0.1 · (9.0) |
| Debt / equity (x) | (1.00) | (1.01) | (1.00) | (1.00) | (1.00) |
| Cash from operations | (0) | 0 | (0) | (0) | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | (0) | (0) | (0) | (0) | (0) | (0) |
| Net profit | 0 | 0 | (0) | (0) | (0) | (0) | (0) | (0) |
| EPS (₹) | 0.05 | 0.01 | (0.02) | (0.03) | (0.02) | (0.02) | (0.03) | (0.02) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 41,024 | 39.5 | 6.65 | 25.3 | 15.5 | 17.9 | 12.0 | 15.0 |
| ASTRAL LIMITED | 36,600 | 63.5 | 9.02 | 33.0 | 13.2 | 16.9 | 15.6 | 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,621 | 42.9 | 6.26 | 33.0 | 12.7 | 16.4 | 16.5 | 30.3 |
| KINGFA SCI & TEC IND LTD. | 9,296 | 41.2 | 6.64 | — | 13.2 | 17.7 | — | 16.9 |
| FINOLEX INDUSTRIES LTD | 8,740 | 14.2 | 1.41 | 10.3 | 9.6 | 11.8 | 3.5 | 20.6 |
| TIME TECHNOPLAST LTD. | 8,001 | 15.7 | 1.92 | 9.0 | 11.4 | 14.0 | 15.2 | 13.3 |
| PRINCE PIPES FITTINGS LTD | 2,861 | 28.0 | 1.74 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,122 | — | 2.38 | 28.1 | 0.5 | 1.0 | — | 1.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (9.0) | 7.0 | 52 of 56 | 7% |
| Profit growth | 19.8 | 20.7 | 25 of 47 | 48% |
| Market cap | 3 | 126 | 55 of 55 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to review September 2026 quarterly and half-year results | results | low | — | — |
| 17 Oct 2026 · Annual Report FY25-26 and 38th AGM Notice Submitted | results | high | — | — |
| 12 Oct 2026 · Quarterly compliance certificate for dematerialization filed with BSE | compliance | minimal | — | — |
| 3 Oct 2026 · 38th AGM: All 4 resolutions passed unanimously | compliance | minimal | — | — |
| 2 Oct 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 30 Sept 2026 · 38th AGM held; 4 ordinary resolutions passed | board shareholder meetings | medium | — | — |
| 18 Sept 2026 · AGM notice filed; no operations in FY26, loss of Rs 0.35 lakh | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Book Closure Set for 38th AGM on September 23, 2026 | corporate actions | low | — | — |
| 7 Sept 2026 · Book Closure Cut-off Date Set for 38th AGM | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Board appoints Kinjal Bhansali as Director; Harinakshi Amin resigns | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.