New Risk • May 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 47% Last year net profit margin: 2,806% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-₹2.7b). Revenue is less than US$1m (₹46m revenue, or US$483k). Market cap is less than US$10m (₹305.7m market cap, or US$3.22m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (47% net profit margin). Aankondiging • May 22
Kridhan Infra Limited to Report Q4, 2026 Results on May 29, 2026 Kridhan Infra Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹3.16, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹2.25, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹2.30, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 4.5% over the past three years. New Risk • Mar 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Negative equity (-₹2.8b). Revenue is less than US$1m (₹56m revenue, or US$610k). Market cap is less than US$10m (₹261.6m market cap, or US$2.86m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹2.73, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 9.2% over the past three years. Aankondiging • Feb 09
Kridhan Infra Limited to Report Q3, 2026 Results on Feb 14, 2026 Kridhan Infra Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹4.18, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 33% over the past three years. Buy Or Sell Opportunity • Jan 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to ₹3.89. The fair value is estimated to be ₹3.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Aankondiging • Jan 09
Kridhan Infra Limited Announces Resignation of Rishiraj as Director and Executive Director and Completion of Term of Mahdav Deshpande Kridhan Infra Limited at its meeting held on January 6, 2026 approved the following: Resignation on of Mr. Rishiraj (DIN: 06683367) as Director and Executive Director of the Company with effect from January 06, 2026; Completion on of the term of 5 years of Mr. Mahdav Deshpande (DIN: 01537794) on August 13, 2025. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Negative equity (-₹2.8b). Revenue is less than US$1m (₹54m revenue, or US$595k). Market cap is less than US$10m (₹379.1m market cap, or US$4.20m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹4.52, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 16% over the past three years. Buy Or Sell Opportunity • Dec 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.3% to ₹3.99. The fair value is estimated to be ₹3.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Aankondiging • Nov 07
Kridhan Infra Limited to Report Q2, 2026 Results on Nov 14, 2025 Kridhan Infra Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Sep 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-₹2.8b). Revenue is less than US$1m (₹41m revenue, or US$467k). Market cap is less than US$10m (₹402.8m market cap, or US$4.57m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹0.13 (vs ₹0.01 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.13 (up from ₹0.01 loss in 1Q 2025). Net income: ₹12.3m (up ₹12.8m from 1Q 2025). Aankondiging • Aug 09
Kridhan Infra Limited to Report Q1, 2026 Results on Aug 14, 2025 Kridhan Infra Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jun 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-₹2.8b). Revenue is less than US$1m (₹30m revenue, or US$356k). Market cap is less than US$10m (₹388.6m market cap, or US$4.55m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Aankondiging • May 27
Kridhan Infra Limited to Report Q4, 2025 Results on May 30, 2025 Kridhan Infra Limited announced that they will report Q4, 2025 results on May 30, 2025 Aankondiging • May 22
Kridhan Infra Limited announced that it expects to receive INR 410.8 million in funding from Kridhan Petrochemicals Pvt. Ltd Kridhan Infra Limited announced a private placement to issue 102,700,000 equity shares and/or warrants convertible into equity shares at an issue price of INR 4 per share for gross proceeds of INR 410,800,000 on May 20, 2025. The transaction will include participation from new investors Anil Dhanpat Agrawal, Kridhan Petrochemicals Private Limited, ADA 360 LLP, Pankaj Kapasi, Payal Kapasi, Pankaj Kapasi HUF, Shashwat Agrawal, Sanjay Kumar Agrawal, Shri Bajrang Commodity LLP, Chaitali Atish Laddad and Aashish Tiwari. The transaction has been approved by shareholders of company and is subject to approval of shareholders. New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹73m free cash flow). Negative equity (-₹3.1b). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (₹8.5m revenue, or US$98k). Market cap is less than US$10m (₹415.1m market cap, or US$4.82m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹0.02 loss per share (vs ₹0.86 loss in 3Q 2024) Third quarter 2025 results: ₹0.02 loss per share (improved from ₹0.86 loss in 3Q 2024). Net loss: ₹1.58m (loss narrowed 98% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Feb 07
Kridhan Infra Limited to Report Q3, 2025 Results on Feb 13, 2025 Kridhan Infra Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Dec 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹73m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-₹3.1b). Earnings have declined by 5.8% per year over the past 5 years. Revenue is less than US$1m (₹7.9m revenue, or US$94k). Market cap is less than US$10m (₹544.0m market cap, or US$6.43m). Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹7.10 (vs ₹0.36 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.10 (up from ₹0.36 in 2Q 2024). Net income: ₹672.9m (up ₹638.8m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Aankondiging • Nov 09
Kridhan Infra Limited to Report Q2, 2025 Results on Nov 14, 2024 Kridhan Infra Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Board Change • Oct 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Rachna Daga was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 16
Kridhan Infra Limited, Annual General Meeting, Sep 30, 2024 Kridhan Infra Limited, Annual General Meeting, Sep 30, 2024. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.01 loss per share (vs ₹0.29 profit in 1Q 2024) First quarter 2025 results: ₹0.01 loss per share (down from ₹0.29 profit in 1Q 2024). Net loss: ₹481.0k (down 102% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 05
Kridhan Infra Limited to Report Q1, 2025 Results on Aug 14, 2024 Kridhan Infra Limited announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Jun 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹48m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹48m free cash flow). Negative equity (-₹3.6b). Revenue is less than US$1m (₹17m revenue, or US$209k). Market cap is less than US$10m (₹366.8m market cap, or US$4.39m). Aankondiging • May 24
Kridhan Infra Limited to Report Q4, 2024 Results on May 29, 2024 Kridhan Infra Limited announced that they will report Q4, 2024 results on May 29, 2024 Board Change • Apr 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director MPD Deshpande was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹3.6b). Earnings have declined by 0.2% per year over the past 5 years. Revenue is less than US$1m (₹27m revenue, or US$321k). Market cap is less than US$10m (₹558.2m market cap, or US$6.75m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Aankondiging • Mar 08
Kridhan Infra Limited Announces Resignation of Mahesh Garg as Independent Director Kridhan Infra Limited informed that Mr. Mahesh Garg (DIN: 03157824), has tendered his resignation as Independent Director of the Company with effect from the close of business hours of March 7, 2024 due to personal reasons. Aankondiging • Feb 14
Kridhan Infra Limited Approves Appointment of Bhavesh Narendra Nagda as Chief Financial Officer Kridhan Infra Limited approved appointment of Mr. Bhavesh Narendra Nagda as a chief financial officer of the company. Effective date is February 13, 2024. Mr. Bhavesh Narendr Nagda holds a Post Graduate diploma in Financial Management Degree and has 20 years of rich experience in Accounting . Taxation and financial management. Aankondiging • Feb 03
Kridhan Infra Limited to Report Q3, 2024 Results on Feb 12, 2024 Kridhan Infra Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Aankondiging • Jan 08
Kridhan Infra Limited Appoints Hemant Agarwal as Company Secretary & Compliance Officer Kridhan Infra Limited announced appointment of Mr. Hemant Agarwal as Company Secretary & Compliance Officer. Date of appointment and term of appointment is January 08, 2024. Mr. Hemant Agarwal is appointed as a Company Secretary & Compliance Officer of the company. He has reached the age 33 years and having expertise for more than 6 years in legal and secretarial compliances. Reported Earnings • Aug 16
First quarter 2024 earnings released First quarter 2024 results: EPS: ₹0.29. Revenue: ₹1.80m (down 90% from 1Q 2023). Net income: ₹27.4m (up ₹31.0m from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 15
Kridhan Infra Limited, Annual General Meeting, Sep 30, 2023 Kridhan Infra Limited, Annual General Meeting, Sep 30, 2023. Aankondiging • Aug 08
Kridhan Infra Limited to Report Q1, 2024 Results on Aug 14, 2023 Kridhan Infra Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 04
Full year 2023 earnings released: ₹6.79 loss per share (vs ₹43.61 loss in FY 2022) Full year 2023 results: ₹6.79 loss per share (improved from ₹43.61 loss in FY 2022). Revenue: ₹64.9m (down 62% from FY 2022). Net loss: ₹643.3m (loss narrowed 84% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Aankondiging • May 09
Kridhan Infra Limited Announces Resignation of Rishiraj as Director Kridhan Infra Limited informed that Mr. Rishiraj, has tendered his resignation from the post of Additional Executive Director of Kridhan Infra Limited (the Company) effective from close of working hours on May 08,2023. Reported Earnings • Feb 15
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₹3.90m (down 90% from 3Q 2022). Net loss: ₹360.1m (loss narrowed 14% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 08
Kridhan Infra Limited to Report Q3, 2023 Results on Feb 14, 2023 Kridhan Infra Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹0.01 loss per share (vs ₹0.33 loss in 2Q 2022) Second quarter 2023 results: ₹0.01 loss per share. Revenue: ₹19.7m (down 19% from 2Q 2022). Net loss: ₹83.2m (loss widened 165% from 2Q 2022). Reported Earnings • Feb 17
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹3.39 loss per share (down from ₹0.63 loss in 3Q 2021). Revenue: ₹43.7m (down 65% from 3Q 2021). Net loss: ₹418.2m (loss widened ₹358.6m from 3Q 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: ₹59.2m (up ₹57.2m from 1Q 2021). Net loss: ₹31.2m (loss widened 63% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹2.35 loss per share (vs ₹2.64 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: ₹290.1m (up 52% from FY 2020). Net loss: ₹222.7m (loss narrowed 11% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹0.63 loss per share (vs ₹0.68 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹124.6m (up ₹119.5m from 3Q 2020). Net loss: ₹59.6m (loss narrowed 7.5% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 67% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 04
New 90-day high: ₹3.40 The company is up 11% from its price of ₹3.05 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 22% over the same period. Reported Earnings • Nov 17
Second quarter 2021 earnings released: ₹0.32 loss per share Second quarter 2021 results: Net loss: ₹30.0m (loss widened 295% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 73% per year whereas the company’s share price has fallen by 71% per year. Is New 90 Day High Low • Oct 30
New 90-day low: ₹2.55 The company is down 18% from its price of ₹3.10 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: ₹2.65 The company is down 30% from its price of ₹3.80 on 15 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: ₹2.95 The company is down 31% from its price of ₹4.25 on 19 June 2020. The Indian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 26% over the same period. 
