Krishna Defence and Allied Industries Ltd.

•

krishnaallied.comBSE: -NSE: KRISHNADEF

Market Cap₹ 1,599 Cr.

Current Price

High / Low₹ 1,400 / 665

Stock P/E38.7

Book Value₹ 136

Price to Book6.26

Dividend Yield0.12 %

ROCE30.8 %

ROE24.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Defence Products: 95.4% • Dairy & Kitchen Equipment’s: 4.6%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 24.1%
Latest quarter profit grew 1444.8% YoY, showing strong momentum
Operating margins have improved to 20.7% from 15.7%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.03x)

CONS

Receivables are growing faster than sales - a possible quality concern
Operating cash flow has been negative in recent years
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 30.4%
Stock is trading at 6.3x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsAerospace & Defense

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	HAL	4955.00	35.55	331378.01	0.91	1589.66	14.88	5515.17	14.45	31.99	27.89
2.	BEL	403.00	47.93	294584.09	0.62	1054.53	8.82	5546.98	24.94	36.68	25.22
3.	BDL	1191.00	83.83	43657.59	0.41	118.79	547.36	572.24	147.63	13.91	14.52
4.	DATAPATTNS	4774.10	3475.01	26727.31	0.21	220.60	765.10	1160.30	1068.13	23.18	27.04
5.	ASTRAMICRO	1694.95	85.13	16092.70	0.14	12.35	-24.12	176.66	-11.55	20.29	20.40
6.	ZENTEC	1749.35	87.67	15795.39	0.06	31.85	-39.99	141.64	-10.48	16.83	27.13
7.	AEQUS	230.10	309.89	15432.02	0.00	-532.28	-6067.26	3955.45	1486.69	1.50	4.47
8.	APOLLO	412.90	126.47	15343.34	0.06	25.22	42.58	251.29	88.12	14.52	21.38
9.	PARAS	1451.10	123.81	11694.03	0.07	207.40	1353.40	1279.10	1272.57	18.68	24.95
10.	UNIMECH	1570.20	110.97	7992.63	0.00	27.86	45.70	107.62	70.85	12.10	36.35
11.	AXISCADES	1868.35	218.70	7946.74	0.00	-14.76	-170.76	183.35	-24.77	14.56	4.73
12.	KRISHNADEF	1070.00	38.71	1599.41	0.12	11.44	—	57.60	26.29	30.83	25.93

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	52	46	68	64	65	58
	46	35	57	50	49	44
Operating Profit	6	10	11	14	16	14
OPM %	11.46%	22.69%	16.80%	22.24%	24.75%	24.23%
	0	1	0	1	2	1
Interest	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1
Profit before Tax	5	10	12	13	17	15
Tax %	24.90%	27.17%	23.40%	24.26%	25.72%	22.02%
Net Profit	0	0	9	10	13	11
	2.84	-5.28	6.73	6.78	8.61	7.66

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	64	106	195	245	254
	55	91	164	192	198
Operating Profit	9	16	31	53	56
OPM %	14.16%	14.84%	16.06%	21.53%	21.88%
	1	1	3	3	4
Interest	1	2	2	1	0
Depreciation	2	2	3	4	5
Profit before Tax	7	13	30	51	57
Tax %	21.33%	25.71%	26.07%	24.98%	23.92%
Net Profit	5	10	22	38	43
EPS	4.63	7.16	15.83	27.67	—
Dividend Payout %	0.00%	0.00%	6.32%	4.52%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 57%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 98%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 55%
1 Year:: 40%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 19%
Last Year:: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	14	14	15
	25	85	110	177
	19	10	10	2
Trade Payables	23	13	8	7
	7	12	22	16
Total Liabilities	85	133	164	216
	12	15	23	34
Capital Work in Progress	2	0	2	3
	0	0	6	10
	28	32	72	16
	0	26	19	35
Cash & Bank	8	44	23	31
	34	16	20	87
Total Assets	85	133	164	216

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-6	-3	-11	86
Cash from Investing	1	-37	5	-92
Cash from Financing	6	45	1	11
	0	5	-5	6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.38	61.29	62.27	62.27	60.02	60.02	59.96	59.90
	0.00	0.00	0.01	0.04	0.23	0.16	0.61	1.37
	0.27	0.00	0.00	0.00	0.68	1.20	2.06	1.32
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.35	38.71	37.73	37.70	39.07	38.62	37.37	37.41

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

General Updates

2026-08-26 - Krishna Defence And Allied Industries Limited has informed the Exchange Krishna Defence and Allied Industries Limited ("Company"), has been declared as a Winner on 25th August 2026, under the DRISHTI Challenge conducted by Yantra India Limited, a Government of India enterprise under the Ministry of Defence.

2026-08-26

General Updates

2026-08-26 - Krishna Defence And Allied Industries Limited has informed the Exchange that Krishna Defence and Allied Industries Limited ( Company ), has been recognised as a Winner by the India SME Forum Top 50 SMEs Award under the category Fastest Growing SME" for the State of Gujarat on 20th August 2026.

2026-08-17

General Updates

2026-08-17 - Krishna Defence And Allied Industries Limited has informed the Exchange regarding Revised Outcome of the Board Meeting in a machine-readable and searchable form held on August 12, 2026. We wish to clarify that there are no other changes in the contents of the revised outcome, and it remains identical to the one previously submitted, except for the file format.

2026-08-14

Resignation of Director/KMP/SMP

2026-08-14 - Krishna Defence And Allied Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-14

Resignation

2026-08-14 - Krishna Defence And Allied Industries Limited has informed the Exchange regarding Resignation of Ms Gunjan Bhagtani as Company Secretary & Compliance Officer of the company w.e.f. August 14, 2026.

2026-08-14

General Updates

2026-08-14 - Krishna Defence And Allied Industries Limited has informed the Exchange about Earnings Presentation for Q1 FY 26-27.

2026-08-12

Outcome of Board Meeting

2026-08-12 - Krishna Defence And Allied Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-01

Bagging/Receiving of orders/contracts

2026-08-01 - Krishna Defence And Allied Industries Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-07-17

Shareholders meeting

2026-07-17 - Krishna Defence And Allied Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 15, 2026. Further, the company has informed the Exchange regarding voting results.

News

Recent coverage and analyst commentary for KRISHNADEF

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Krishna Defence and Allied Industries Ltd.

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Name

HAL

4955.00

35.55

331378.01

0.91

1589.66

14.88

5515.17

14.45

31.99

27.89

BEL

403.00

47.93

294584.09

0.62

1054.53

8.82

5546.98

24.94

36.68

25.22

BDL

1191.00

83.83

43657.59

0.41

118.79

547.36

572.24

147.63

13.91

14.52

DATAPATTNS

4774.10

3475.01

26727.31

0.21

220.60

765.10

1160.30

1068.13

23.18

27.04

ASTRAMICRO

1694.95

85.13

16092.70

0.14

12.35

-24.12

176.66

-11.55

20.29

20.40

ZENTEC

1749.35

87.67

15795.39

0.06

31.85

-39.99

141.64

-10.48

16.83

27.13

AEQUS

230.10

309.89

15432.02

0.00

-532.28

-6067.26

3955.45

1486.69

1.50

4.47

APOLLO

412.90

126.47

15343.34

0.06

25.22

42.58

251.29

88.12

14.52

21.38

PARAS

1451.10

123.81

11694.03

0.07

207.40

1353.40

1279.10

1272.57

18.68

24.95

UNIMECH

1570.20

110.97

7992.63

0.00

27.86

45.70

107.62

70.85

12.10

36.35

AXISCADES

1868.35

218.70

7946.74

0.00

-14.76

-170.76

183.35

-24.77

14.56

4.73

KRISHNADEF

1070.00

38.71

1599.41

0.12

11.44

—

57.60

26.29

30.83

25.93

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

OPM %

11.46%

22.69%

16.80%

22.24%

24.75%

24.23%

Interest

Depreciation

Profit before Tax

Tax %

24.90%

27.17%

23.40%

24.26%

25.72%

22.02%

Net Profit

2.84

-5.28

6.73

6.78

8.61

7.66

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

106

195

245

254

164

192

198

Operating Profit

OPM %

14.16%

14.84%

16.06%

21.53%

21.88%

Interest

Depreciation

Profit before Tax

Tax %

21.33%

25.71%

26.07%

24.98%

23.92%

Net Profit

EPS

4.63

7.16

15.83

27.67

—

Dividend Payout %

0.00%

6.32%

4.52%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

110

177

Trade Payables

Total Liabilities

133

164

216

Capital Work in Progress

Cash & Bank

Total Assets

133

164

216

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-6

-3

-11

Cash from Investing

-37

-92

Cash from Financing

-5

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

73.38

61.29

62.27

60.02

59.96

59.90

0.00

0.01

0.04

0.23

0.16

0.61

1.37

0.27

0.00

0.68

1.20

2.06

1.32

Government

0.00

26.35

38.71

37.73

37.70

39.07

38.62

37.37

37.41

Krishna Defence and Allied Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Krishna Defence and Allied Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI