Kritika Wires

NSE: KRITIKA · Iron & Steel Products

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52W Range₹5 – ₹10

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Snapshot

Unlock Kritika Wires's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Kritika Wires Ltd is an Indian manufacturer and exporter specialising in industrial steel wires and galvanised wires. The company serves critical infrastructure sectors, including state electricity boards and the Power Grid Corporation of India Ltd.

Business Model

The company generates revenue through the manufacturing and supply of specialised steel wire products tailored for power transmission and industrial applications. It operates as part of the Jai Hanuman Group and maintains ISO certifications to meet stringent quality standards for government and utility clients.

Growth Outlook

Growth is primarily driven by ongoing investments in national power infrastructure and the increasing demand for galvanised steel products from state-run utilities. The company leverages its established supply relationships with major power sector entities to secure long-term contracts.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel and zinc can significantly impact the company's operating margins.
  • Customer Concentration. Heavy reliance on government-backed entities and state electricity boards exposes the company to risks associated with payment delays and changes in public infrastructure spending.
  • Competitive Intensity. The industrial wire segment is highly fragmented, leading to intense price competition from both organised and unorganised players.
  • Regulatory and Compliance Risk. Failure to maintain stringent ISO and safety certifications could result in disqualification from bidding for major government utility contracts.

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Key Metrics

P/E

21.3x

Q4 FY26 · standalone

21.3 vs 19.4x5Y avg

EV/EBITDA

10.7x

Q4 FY26 · standalone

10.7 vs 9.1x5Y avg

NET PROFIT MARGIN

1.4%

Q4 FY26 · standalone

+0.0 ppYoY

DEBT TO EQUITY

0.6x

Q4 FY26 · standalone

+0.01xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Kritika WiresKRITIKA
₹133 Cr21.3510.67—2.5%6.5%11.8%-43.3%
Azad India Mobility LimitedAZADIND
₹441 Cr4297.501102.62—1.0%0.2%0.2%-43.2%
ManaksiaMANAKSIA
₹438 Cr6.214.574.3%11.4%9.9%13.1%-12.0%
Modern MalleableMODMA
₹397 Cr16.2711.84129.5%19.3%14.5%18.8%—
SurajSURAJLTD
₹362 Cr42.8118.12-15.2%12.0%6.1%12.6%-39.7%
Shah MetacorpSHAH
₹321 Cr21.6423.4048.8%10.1%5.6%5.4%-19.2%

As of Q4 FY26

Financials