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Kridhan Infra Limited (KRIDHANINF) Fair Value & Analysis

Basic Materials · IN · Market cap ₹279M

KI Kridhan Infra Limited KRIDHANINF · NSE
Price₹2.19
Fair Value₹1.05
Upside-52.3%
Quality31/100
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Weak Growth
Highly profitable · 62.6% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 46/100
Evidence: High Range ₹0.7735 – ₹1.49 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 4 days ago

Share price −13.8% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹1.49). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹0.7735 to ₹1.49) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹8.36 ₹1.75 Fair Value ₹1.05 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1.75 – ₹8.36 · fair‑value band ₹0.7735 – ₹1.49 · the ₹2.19 price screens above the ₹1.05 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kridhan Infra Limited (KRIDHANINF) currently trades at ₹2.19, while our model-based Fair Value estimate is ₹1.05, implying the stock looks roughly 52.3% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Kridhan Infra Limited generated revenue of ₹34.4M at a net margin of 62.6%. Revenue declined 83.1% year over year. It earns a return on equity of -21.9%. Net debt stands at ₹111M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹0.7735 (bear case) to ₹1.49 (bull case); at ₹2.19, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 56% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -52%, KRIDHANINF screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹1.46 ₹1.90 ₹2.41 80
Rev-Margin DCF ₹0.8500 ₹1.10 ₹1.38 74
ROIC Compounder ₹1.09 ₹1.22 ₹1.32 72
All 23 models by family
DCF Models
FCF DCF ₹1.45 ₹1.95 ₹2.57 38
Owner Earnings ₹1.45 ₹1.95 ₹2.57 31
5Y Revenue Exit ₹0.8500 ₹1.08 ₹1.33 39
5Y EBITDA Exit ₹1.35 ₹2.00 ₹2.73 41
5Y P/E Exit ₹2.01 ₹3.21 ₹4.43 38
10Y Revenue Exit ₹1.10 ₹1.34 ₹1.63 36
10Y EBITDA Exit ₹1.38 ₹1.89 ₹2.52 37
10Y P/E Exit ₹1.74 ₹2.60 ₹3.61 35
Earnings-Based
Graham-Dodd ₹1.47 ₹4.20 ₹5.53 54
Lynch FV ₹0.8600 ₹1.23 ₹1.60 50
PEG = 1.0 ₹0.8600 ₹1.23 ₹1.60 46
EPV ₹1.09 ₹1.22 ₹1.32 59
Dividend Discount
Gordon GGM ₹1.32 ₹2.21 ₹2.87 70
DDM Multi-Stage ₹1.32 ₹1.92 ₹2.38 61
Multiples
P/E Multiple ₹2.76 ₹3.68 ₹4.60 63
P/S Multiple ₹0.3900 ₹0.5200 ₹0.6500 58
EV/EBIT ₹1.76 ₹2.33 ₹2.90 53
EV/EBITDA ₹1.45 ₹1.93 ₹2.40 54
EV/Revenue ₹0.4000 ₹0.5600 ₹0.7100 43
Growth DCF
Growth DCF ₹1.46 ₹1.90 ₹2.41 80
Rev-Margin DCF ₹0.8500 ₹1.10 ₹1.38 74
Economic Profit
ROIC Compounder ₹1.09 ₹1.22 ₹1.32 72
Growth Earnings
Growth-Adj P/E ₹2.27 ₹3.24 ₹4.21 68

Widest divergence: Growth Earnings (₹3.24) versus Growth DCF (₹1.10). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹34.4M
Revenue growth (YoY) -83.1%
Net margin 62.6%
Return on equity -21.9%
Free cash flow ₹17.3M FY2026
P/E ratio 10.0
More key figures
Operating margin 17.1%
EPS (TTM) ₹0.2200
EPS growth (YoY) -83.6%
Net debt ₹111M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 31 · Market factors (momentum, volatility) 14

Profitability 41
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 36
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kridhan Infra Limited manufactures and sells steel products in India and internationally. The company provides bridge expansion joints for asphalt and concrete connections; and rebar mechanical couplers. It also trades in iron, steel, and allied materials.

Full company description

Kridhan Infra Limited manufactures and sells steel products in India and internationally. The company provides bridge expansion joints for asphalt and concrete connections; and rebar mechanical couplers. It also trades in iron, steel, and allied materials. In addition, the company offers bored piling, driven piling, micro piling and soil improvement, and soil investigation services. The company was formerly known as Readymade Steel India Limited and changed its name to Kridhan Infra Limited in June 2014. Kridhan Infra Limited was incorporated in 2006 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kridhan Infra Limited reported revenue of ₹34.4M in FY2026 versus ₹174M in FY2022, a compound −33.3%/yr. Reported net income was ₹21.6M in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹34.4M
Latest YoY
+33.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−15.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−34.1%
Avg. growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.4%
Revenue −33.3%/yr
FY22 ₹174M
FY23 ₹56.2M
FY24 ₹8.5M
FY25 ₹25.8M
FY26 ₹34.4M
Net income
FY22 −₹4.1B
FY23 −₹643M
FY24 −₹2.1B
FY25 ₹723M
FY26 ₹21.6M

KRIDHANINF screens 52% overvalued. Compare with JSW Steel Limited →

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Cite: Fair Value Calculator (2026). "Kridhan Infra Limited Fair Value". https://www.fairvalue-calculator.com/stock/KRIDHANINF

Peer Group

Steel · 380 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 31 · Bottom 25%
Fair Value upside −52% · Bottom 25%
Return on assets 3% · Above median
Net margin (TTM) 63% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -83% · Bottom 25%
Dividend yield (TTM) 6.8% · Top 25%

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than 75% of peers
P/S (TTM) 8.10× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 14.6× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 16
FUTURE 0 · sector 4
PAST 0 · sector 16
HEALTH 100 · sector 95
DIVIDEND 100 · sector 55

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,269 ₹1,140 -10%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
China Steel Corporation 2002A 37.25 TWD 8.74 TWD -77%
POSCO Holdings 005490 325,000 KRW 155,270 KRW -52%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,838 ARS +16%
Jindal Steel Limited JINDALSTEL ₹1,112 ₹516.27 -54%
Lloyds Metals and Energy Limited LLOYDSME ₹1,894 ₹771.10 -59%
Gerdau S.A GGBN 83.50 MXN 39.22 MXN -53%
Ternium S.A TXR 17,780 ARS 27,472 ARS +55%
NMDC Limited NMDC ₹85.00 ₹112.98 +33%

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Frequently asked questions

Is Kridhan Infra Limited (KRIDHANINF) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1.05 versus a price of ₹2.19, about −52% (overvalued).
What is the fair value of KRIDHANINF?
Our model-based fair value for Kridhan Infra Limited is ₹1.05 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹2.19.
What is the quality score of KRIDHANINF?
Kridhan Infra Limited has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kridhan Infra Limited (KRIDHANINF)?
Kridhan Infra Limited reported trailing-twelve-month revenue of about ₹34.4M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KRIDHANINF?
The net profit margin of Kridhan Infra Limited is about 62.6%, meaning it keeps roughly 62.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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