New Risk • May 18
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₹1.62b market cap, or US$16.9m). Announcement • May 08
Kritika Wires Limited to Report Q4, 2026 Results on May 14, 2026 Kritika Wires Limited announced that they will report Q4, 2026 results on May 14, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹5.28, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 19% over the past three years. New Risk • Mar 27
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 7.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₹1.33b market cap, or US$14.0m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹4.98, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 86% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹0.06 (vs ₹0.08 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.06 (down from ₹0.08 in 3Q 2025). Revenue: ₹1.61b (down 9.9% from 3Q 2025). Net income: ₹16.3m (down 23% from 3Q 2025). Profit margin: 1.0% (down from 1.2% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
Kritika Wires Limited to Report Q3, 2026 Results on Feb 05, 2026 Kritika Wires Limited announced that they will report Q3, 2026 results on Feb 05, 2026 New Risk • Sep 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₹2.42b market cap, or US$27.4m). Board Change • Sep 12
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. 4 non-independent directors. Independent Non-Executive Director Rajiv Adukia was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹9.56, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total loss to shareholders of 27% over the past three years. Buy Or Sell Opportunity • Sep 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to ₹9.42. The fair value is estimated to be ₹11.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 26%. New Risk • Aug 29
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 7.4% 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: Minor Risks High level of debt (48% net debt to equity). Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₹2.46b market cap, or US$27.9m). Announcement • Aug 20
Kritika Wires Limited, Annual General Meeting, Sep 24, 2025 Kritika Wires Limited, Annual General Meeting, Sep 24, 2025, at 13:00 Indian Standard Time. Buy Or Sell Opportunity • Jul 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ₹9.00. The fair value is estimated to be ₹11.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 33%. New Risk • Jun 07
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: 1.4% Last year net profit margin: 2.4% 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: Minor Risks High level of debt (48% net debt to equity). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (₹2.69b market cap, or US$31.4m). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹10.34, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹10.19, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 319% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹9.04, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 272% over the past three years. Buy Or Sell Opportunity • Mar 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to ₹7.83. The fair value is estimated to be ₹9.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 42%. Reported Earnings • Jan 23
Third quarter 2025 earnings released Third quarter 2025 results: EPS: ₹0.08. Revenue: ₹1.82b (up 97% from 3Q 2024). Net income: ₹21.2m (up 13% from 3Q 2024). Profit margin: 1.2% (down from 2.0% in 3Q 2024). The decrease in margin was driven by higher expenses. New Risk • Nov 14
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 7.7% 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: Minor Risks High level of debt (48% net debt to equity). Share price has been volatile over the past 3 months (7.7% average weekly change). Significant insider selling over the past 3 months (₹39m sold). Market cap is less than US$100m (₹3.29b market cap, or US$39.0m). Reported Earnings • Oct 17
Second quarter 2025 earnings released: EPS: ₹0.09 (vs ₹0.077 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.09 (up from ₹0.077 in 2Q 2024). Revenue: ₹1.61b (up 54% from 2Q 2024). Net income: ₹24.4m (up 20% from 2Q 2024). Profit margin: 1.5% (down from 1.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹17.73, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 723% over the past three years. Recent Insider Transactions • Oct 01
MD & Director recently sold ₹6.7m worth of stock On the 24th of September, Hanuman Agarwal sold around 300k shares on-market at roughly ₹22.17 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹27m. Hanuman has been a net seller over the last 12 months, reducing personal holdings by ₹41m. Recent Insider Transactions • Sep 27
MD & Director recently sold ₹27m worth of stock On the 20th of September, Hanuman Agarwal sold around 1m shares on-market at roughly ₹20.20 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hanuman has been a net seller over the last 12 months, reducing personal holdings by ₹35m. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹21.89, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total returns to shareholders of 855% over the past three years. Announcement • Sep 09
Kritika Wires Limited, Annual General Meeting, Sep 30, 2024 Kritika Wires Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Recent Insider Transactions • Aug 27
MD & Director recently sold ₹4.8m worth of stock On the 21st of August, Hanuman Agarwal sold around 250k shares on-market at roughly ₹19.04 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hanuman has been a net seller over the last 12 months, reducing personal holdings by ₹7.3m. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹0.08 (vs ₹0.053 in 1Q 2024) First quarter 2025 results: EPS: ₹0.08 (up from ₹0.053 in 1Q 2024). Revenue: ₹1.70b (up 68% from 1Q 2024). Net income: ₹21.7m (up 53% from 1Q 2024). Profit margin: 1.3% (down from 1.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹0.39 (vs ₹0.23 in FY 2023) Full year 2024 results: EPS: ₹0.39 (up from ₹0.23 in FY 2023). Revenue: ₹4.38b (up 55% from FY 2023). Net income: ₹104.0m (up 74% from FY 2023). Profit margin: 2.4% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹18.15, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 646% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹0.19 (vs ₹0.041 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.19 (up from ₹0.041 in 3Q 2023). Revenue: ₹944.3m (up 51% from 3Q 2023). Net income: ₹18.8m (up 75% from 3Q 2023). Profit margin: 2.0% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹12.45, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 396% over the past three years. Recent Insider Transactions • Nov 28
MD & Director recently sold ₹2.0m worth of stock On the 21st of November, Hanuman Agarwal sold around 71k shares on-market at roughly ₹28.79 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Hanuman's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹25.85, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 251% over the past three years. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.23 (vs ₹0.12 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.23 (up from ₹0.12 in 2Q 2023). Revenue: ₹1.07b (up 75% from 2Q 2023). Net income: ₹20.3m (up 87% from 2Q 2023). Profit margin: 1.9% (up from 1.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹21.35, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 19x in the Metals and Mining industry in India. Total returns to shareholders of 187% over the past three years. Board Change • Sep 18
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. 4 non-independent directors. Additional Independent Non-Executive Director Shiv Saraff was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 08
Kritika Wires Limited, Annual General Meeting, Sep 30, 2023 Kritika Wires Limited, Annual General Meeting, Sep 30, 2023, at 13:00 Indian Standard Time. New Risk • Aug 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (₹1.52b market cap, or US$18.2m). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹17.15, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹14.00, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₹10.50, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹0.61 (vs ₹0.40 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.61 (up from ₹0.40 in 3Q 2022). Revenue: ₹625.6m (up 2.2% from 3Q 2022). Net income: ₹10.7m (up 51% from 3Q 2022). Profit margin: 1.7% (up from 1.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹12.45, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 80% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹0.61 (vs ₹0.33 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.61 (up from ₹0.33 in 2Q 2022). Revenue: ₹627.7m (up 6.9% from 2Q 2022). Net income: ₹10.9m (up 88% from 2Q 2022). Profit margin: 1.7% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹18.10, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 165% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 15% share price gain to ₹41.05, the stock trades at a trailing P/E ratio of 71x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 502% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 15% share price gain to ₹111, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 19% share price gain to ₹95.75, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 183% over the past three years. Reported Earnings • Jul 13
Full year 2022 earnings released: EPS: ₹2.27 (vs ₹0.44 in FY 2021) Full year 2022 results: EPS: ₹2.27 (up from ₹0.44 in FY 2021). Revenue: ₹2.44b (up 81% from FY 2021). Net income: ₹40.3m (up 414% from FY 2021). Profit margin: 1.7% (up from 0.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Jul 06
Kritika Wires Limited, Annual General Meeting, Jul 29, 2022 Kritika Wires Limited, Annual General Meeting, Jul 29, 2022, at 14:00 Indian Standard Time. Location: at Unit No. 201, 2nd Floor, Bus Terminus & Commercial Complex, Plot-BG-12, AA-I, New Town, Pride Hotel, Kolkata West Bengal India Agenda: To receive, consider and adopt the audited financial statements of the company including balance sheet as at 31st March, 2022, the statement of profit and loss and cash flow statement for the year ended on that date and the reports of the board of directors and auditors thereon; to declare a dividend of INR 0.50p (Fifty Paise) per fully paid-up equity share of face value of INR 10/- each for the financial year 2021-2022; to appoint a director in place of Mr. Sanjeev Binani (DIN:01149866), who retires by rotation in terms of Section152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment; and to consider other matters. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 23% share price gain to ₹69.60, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 105% over the past three years. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: ₹2.27 (vs ₹0.48 in FY 2021) Full year 2022 results: EPS: ₹2.27 (up from ₹0.48 in FY 2021). Revenue: ₹2.44b (up 81% from FY 2021). Net income: ₹40.3m (up 371% from FY 2021). Profit margin: 1.7% (up from 0.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Board Change • Feb 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 20
Kritika Wires Announces Board Appointments Kritika Wires Limited at their Board of Directors meeting held on 18 February, 2022 appointed Mr. Shiv Kumar Saraff as an Additional Independent Non-Executive Director of the Company with immediate effect i.e., 18 February, 2022. Appointed Mr. Niraj Jindal as an Additional Independent Non-Executive Director of the Company with immediate effect, subject to availability of his DIN. Board Change • Nov 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.