Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹34 Cr.
Stock P/E
5.9
P/B
0.5
Current Price
₹22
Book Value
₹ 43.6
Face Value
10
52W High
₹88
52W Low
₹ 15.1
Dividend Yield
—

Shri Kanha Stainless Overview

Business

Shri Kanha Stainless Ltd. operates in the Steel & Iron Products sector, specifically focusing on stainless steel. The company is primarily involved in the manufacturing and sale of various stainless steel products. Its core business model likely revolves around sourcing raw materials (such as nickel, chromium, iron scrap, and ferroalloys), processing them into finished or semi-finished stainless steel forms (e.g., sheets, coils, pipes, tubes, or other specialized products), and distributing these to various end-use industries. The company generates revenue by selling these manufactured stainless steel products at a margin over its production costs.

Revenue Mix

Without specific financial disclosures, the exact breakdown of key segments is not publicly available or detailed from the provided information. However, given its name, the company's primary focus is undoubtedly on stainless steel. Revenue would likely be segmented by product type (e.g., flat products, long products, specific grades of stainless steel) or by the end-user industry it serves (e.g., construction, automotive, industrial, consumer goods).

Industry

The company operates within the Indian steel industry, which is a capital-intensive and cyclical sector heavily influenced by infrastructure development, manufacturing growth, and global commodity prices. The industry is characterized by a mix of large integrated players (like Tata Steel, JSW Steel, SAIL) and numerous smaller, specialized, or regional producers. Shri Kanha Stainless Ltd., being focused on stainless steel, likely positions itself as a niche or specialized player within this broader industry, potentially catering to specific regional demands or product specifications where larger players may not have as strong a focus. It would generally be considered a secondary or tertiary player in the overall Indian steel market.

MOAT

For a company in the highly competitive steel industry, durable competitive advantages are challenging to establish. Shri Kanha Stainless Ltd. may derive competitive advantages from:

Cost Efficiency: Optimized manufacturing processes, proximity to raw material sources or key markets, or efficient supply chain management allowing it to offer competitive pricing.

Product Specialization/Quality: A strong reputation for quality or expertise in producing specific grades or types of stainless steel products that cater to niche industrial requirements.

Customer Relationships: Strong, long-standing relationships with key industrial customers, ensuring repeat business and preferred supplier status within its operating segments.

However, without deeper insights, it is challenging to ascertain a significant, defensible moat; competition often revolves around price, quality, and service.

Growth Drivers

Key factors that could drive growth for Shri Kanha Stainless Ltd. over the next 3-5 years include:

Infrastructure Development in India: Continued government spending on roads, railways, urban infrastructure, and industrial corridors will drive demand for steel, including stainless steel components.

Growth in Manufacturing Sector: Expansion across industries such as automotive, consumer durables, capital goods, and chemical processing will increase demand for stainless steel as a key input material.

Urbanization and Changing Lifestyles: Increasing demand for stainless steel in residential and commercial construction, kitchenware, appliances, and decorative applications.

Product Diversification & Capacity Expansion: Investment in new product lines, higher-value-added stainless steel products, or increasing production capacity to meet rising demand.

Export Opportunities: Tapping into international markets if global demand for stainless steel is robust and the company can maintain cost competitiveness.

Risks

Raw Material Price Volatility: Fluctuations in the global prices of key raw materials like nickel, chromium, iron scrap, and ferroalloys, as well as energy costs, can significantly impact profitability.

Economic Cyclicality: Demand for steel is highly correlated with overall economic growth and industrial output, making the company susceptible to economic downturns.

Intense Competition: Competition from larger domestic players, other specialized producers, and cheaper imports can lead to pricing pressure and reduced margins.

Regulatory & Environmental Compliance: Changes in environmental norms, industrial regulations, or trade policies (e.g., anti-dumping duties) can increase operating costs or restrict market access.

Technological Obsolescence: The need to continuously invest in modern technology and processes to remain competitive and efficient.

Foreign Exchange Risk: If the company imports raw materials or exports products, currency fluctuations can impact costs and revenues.

Management & Ownership

Shri Kanha Stainless Ltd. is likely a promoter-driven company, a common structure in India, where a founding family or group holds a significant stake and plays a crucial role in management and strategic decision-making. The "Shri Kanha" in the name often indicates a traditional Indian business ethos. The management quality would depend on their experience, strategic vision, and operational efficiency, which cannot be assessed without specific details. Ownership structure typically involves a substantial promoter holding, alongside institutional and public shareholders.

Outlook

The long-term outlook for the Indian steel industry, including specialized segments like stainless steel, remains positive due to strong underlying demand drivers like infrastructure development, urbanization, and manufacturing growth. For Shri Kanha Stainless Ltd., the immediate performance will be influenced by its ability to navigate the inherent cyclicality and commodity price volatility of the steel sector. The company's success hinges on its cost management efficiencies, the quality and range of its stainless steel products, its ability to establish strong customer relationships, and its agility in responding to market demand within its specialized niche. While facing robust competition from larger players and imports, a focused strategy on specific stainless steel applications or regional markets could provide stability and growth opportunities.

Shri Kanha Stainless Share Price

Live · NSE · Inception: 2015
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Shri Kanha Stainless Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Shri Kanha Stainless Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 135 130 146
Other Income 1 1 1
Total Income 136 131 146
Total Expenditure 131 122 132
Operating Profit 6 9 14
Interest 4 4 5
Depreciation 1 1 2
Exceptional Income / Expenses 0 0 0
Profit Before Tax 1 4 8
Provision for Tax 0 1 2
Profit After Tax 1 3 6
Adjustments 0 0 0
Profit After Adjustments 1 3 6
Adjusted Earnings Per Share 0.7 2.5 5.5

Shri Kanha Stainless Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 6 12
Minority's Interest 0 0 0
Borrowings 5 4 6
Other Non-Current Liabilities 0 0 0
Total Current Liabilities 48 70 88
Total Liabilities 57 80 106
Fixed Assets 17 16 17
Other Non-Current Assets 5 7 1
Total Current Assets 35 57 89
Total Assets 57 80 106

Shri Kanha Stainless Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 12
Cash Flow from Operating Activities 2 4 -8
Cash Flow from Investing Activities -3 -1 4
Cash Flow from Financing Activities 1 10 -8
Net Cash Inflow / Outflow 0 12 -12
Closing Cash & Cash Equivalent 0 12 0

Shri Kanha Stainless Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.69 2.49 5.55
CEPS(Rs) 1.93 3.78 7.01
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 3.61 6.1 11.65
Core EBITDA Margin(%) 3.35 6.45 9.34
EBIT Margin(%) 3.45 5.9 8.7
Pre Tax Margin(%) 0.7 2.7 5.27
PAT Margin (%) 0.53 2 3.97
Cash Profit Margin (%) 1.49 3.02 5.02
ROA(%) 1.26 3.79 6.21
ROE(%) 19.11 51.33 62.49
ROCE(%) 51.45 78.96 88.71
Receivable days 28.7 54.18 102.25
Inventory Days 35.49 30.32 42.22
Payable days 37.59 51.24 88.66
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.05 -0.05 0.05
EV/Core EBITDA(x) 1.03 -0.78 0.48
Net Sales Growth(%) 0 -3.45 11.82
EBIT Growth(%) 0 64.88 64.95
PAT Growth(%) 0 261.39 122.47
EPS Growth(%) 0 261.39 122.47
Debt/Equity(x) 1.4 0.63 0.49
Current Ratio(x) 0.73 0.82 1.01
Quick Ratio(x) 0.46 0.7 0.72
Interest Cover(x) 1.25 1.85 2.54
Total Debt/Mcap(x) 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +12% — — —
Operating Profit CAGR +56% — — —
PAT CAGR +100% — — —
Share Price CAGR — — — —
ROE Average +62% +44% +44% +44%
ROCE Average +89% +73% +73% +73%

Shri Kanha Stainless Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 68.59 %
FII 0.03 %
DII (MF + Insurance) 0 %
Public (retail) 31.38 %
# Mar 2026
Promoter 68.59
FII 0.03
DII 0
Public 31.38
Others 0
Total 100

Shri Kanha Stainless Peer Comparison

Steel & Iron Products Edit Columns

Shri Kanha Stainless Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Shri Kanha Stainless Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 44%

Cons

  • Debtor days have increased from 51.24 to 88.66days.
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