Key Metrics of Kriti Nutrients Limited
About Kriti Nutrients Limited
Company details
- Registered office
- Mehta-chamber34, Siya Ganj, Indore, In-mp, 452007
- Listed
- NSE: KRITINUT · ₹71.27
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | CARE | Reaffirmed | A- | — | Stable | ₹10.0 Cr | View |
| 09 Sep 2025 | CARE | Reaffirmed | A- | A2+ | Stable | ₹10.0 Cr | View |
| 02 Aug 2024 | CARE | Reaffirmed | A- | A2+ | Stable | ₹10.0 Cr | View |
| 11 Jul 2023 | CARE | Reaffirmed | A- | A2+ | Stable | ₹34.4 Cr | View |
| 16 Sep 2022 | CARE | Reaffirmed | A- | A2+ | Stable | ₹48.8 Cr | View |
| 05 Oct 2021 | CARE | Reaffirmed | A- | A2+ | Stable | ₹24.4 Cr | View |
| 06 Oct 2020 | CARE | Revised (from BBB+) | A- | A2+ | Stable | ₹52.0 Cr | View |
| 01 Oct 2019 | CARE | Reaffirmed | BBB+ | A2 | Positive | ₹32.0 Cr | View |
Credit strengths (CARE, Sep 2026)
+ Experienced promoters and reputed board members
The company’s promoter, Shiv Singh Mehta looks after overall operations of KNL as Chairman and Managing Director(MD). He is a qualified engineer and holds master’s degree in business administration, with an experience of over two decades in oil seed extraction and oil refining business. Shiv Singh Mehta is assisted by his son Saurabh Singh Mehta, Whole-time Director, and wife, Purnima Mehta (Non-Executive) in KNL’s operations. KNL has established organisational structure headed by qualified seco
+ Strong presence in branded refined oil segment, despite concentrated geographical presence
KNL derives ~92% of its net sales from soyabean refined oil segment (FY25: 88%) and remaining 8% from soya meal, lecithin, and other soya-based products (FY25: 12%). The company has discontinued its crushing operations since FY24, due to non- viability of the same and procures soya crude oil and degum oil directly from domestic players. KNL has an established track record of over two decades in solvent extraction and edible oil refining business. KNL has a network
+ Growing scale of operations and moderate profitability
The company’s scale of operations grew by ~25% in FY26, marked by TOI of ₹922 crore in FY26 compared to ₹735 crore in FY25, supported by 19% year-over-year (y-o-y) growth in sales volume of soyabean refined oil segment and increase in sales realisation of edible oil. Exports contributed ~4% of its TOI in FY26 compared to 9% in FY25. The company’s profitability moderated, marked by PBILDT margin of 4.81% in FY26 compared to 6.69% in FY25, due to reduction
+ Strong capital structure and debt coverage indicators
KNL’s capital structure remained strong, considering low debt level and steady accretion of the company’s profit to the net-worth base. As on March 31, 2026, overall gearing stood at 0.04x against 0.01x as on March 31, 2025, with nil term debt. With negligible debt reliance, debt coverage indicators also stood strong in FY26, marked by total debt to gross cash accruals (TD/GCA) and PBILDT interest coverage ratio of 0.23x and 81x, respectively. Financial risk profile is expected to remain strong
Credit challenges
− Competitive industry landscape
Edible oil industry is highly competitive with presence of large national players and multiple regional players. Along with logistics and supply chain capability, large integrated players have a sizeable oil processing and packaging scale with wide distribution network. Thus, profitability remains low and is further exposed to movement in raw material prices, finished goods and other substitute. Being part of a highly fragmented industry (refined oil and soya-meal), KNL faces intense pricing com
Could lead to an upgrade
• Significant volume driven growth in scale of operation through greater geographical and product diversification, resulting in total operating income (TOI) above ₹1000 crore, while maintaining its profit before interest, lease rentals, depreciation, and taxation (PBILDT) margin above 8% on a sustained basis.
Could lead to a downgrade
• Volume driven decline in scale of operations with PBILDT margin below 3% ona sustained basis. • Increase in adjusted overall gearing above unity or significant increase in loans and advances/ investments in group companies, such that it exceeds 50% of net worth base.
Agency-reported financials (CARE, 22 Sep 2026)
| Metric | March 31, 2025 | March 31, 2026 |
|---|---|---|
| Total operating income | ₹922 Cr | ₹247 Cr |
| PBILDT* | ₹44.40 Cr | ₹11.82 Cr |
| Profit after tax (PAT) | ₹33.84 Cr | ₹9.06 Cr |
| Overall gearing (x) | 0.04× | — |
| Interest coverage (x) | 81.08× | 49.25× |
| Revenue growth (YoY) | — | −73.2% |
| PAT margin | 3.7% | 3.7% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Short-term bank | Working capital & bank lines | — | ₹10.0 Cr | — | A- (Stable) | Reaffirmed | CARE |
CARE ratings on record (checked 22 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Credit Exposure Limit | — | Withdrawn |
| Working Capital Limits | ₹10.0 Cr | CARE A-; Stable / CARE A2+ |
Lenders
| Fund-based - LT/ ST | Working Capital Limits | HDFC Bank Ltd. |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 74% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 67% chance the next rating action is stable or better
- Current rating A- (investment grade)
- Interest coverage 49.25×
- Working-capital limits 10% utilised on average
Rated limits by facility
Timeline
From the report
Average fund-based working capital utilisation remained low at 10% for 12-months ended June 2026.
From the report
KNL reported cash flow from operation of ₹28.83 crore in FY26 against ₹58.05 crore in FY25.
From the report
KNL had free cash and bank balance (including liquid investments) of ₹50.54 crore as on March 31, 2026.
From the report
Average fund-based working capital utilisation remained low at 2% for 12-months ended June 2025.
From the report
KNL reported healthy cash flow from operation of ₹58.05 crore in FY25 against ₹59.86 crore in FY24.
From the report
KNL had free cash and bank balance (including liquid investments) of ₹50.78 crore as on March 31, 2025, against ₹32.10 crore as on March 31, 2024.
From the report
In June 2024, KNL subscribed to warrants issued by KIL amounting to ₹49.40 crore; th amount is to be paid within 18 months per the terms of the issue.
From the report
Average fund based working capital utilisation remained low at 22% for 12-months ended April 2024.
From the report
KNL reported healthy cash flow from operation of ₹48.46 crore in FY24 as against ₹24.03 crore in FY23.
From the report
KNL had free cash and bank balance (including liquid investments) of ₹32.10 crore as on March 31, 2024, as against ₹19.34 crore as on March 31, 2023.
From the report
Cash flow from operation was Rs.21.72 crore during FY23 as against negative CFO of Rs.11.59 crore during FY22, which was due to increase in inventory levels and increase in loans and advances was funded through warehousing loan availed by company for Rs.35 crore.
From the report
Cash flow from operation was Rs.21.72 crore during FY23 as against negative CFO of Rs.11.59 crore during FY22, which was due to increase in inventory levels and increase in loans and advances was funded through warehousing loan availed by company for Rs.35 crore.
From the report
KNL had cash and bank balance of Rs.19.34 crore (incl uding fixed deposit of Rs.16.50 crore) as on March 31, 2023 as against Rs.4.08 crore (including fixed deposit of Rs.3.06 crore) as on March 31, 2022 which was utilised for repayment of warehousing loan availed by the company.
From the report
KNL had cash and bank balance of Rs.19.34 crore (incl uding fixed deposit of Rs.16.50 crore) as on March 31, 2023 as against Rs.4.08 crore (including fixed deposit of Rs.3.06 crore) as on March 31, 2022 which was utilised for repayment of warehousing loan availed by the company.
From the report
KNL has adequate liquidity support ed by healthy cash accruals with absence of any scheduled term debt repayments obligations and cushion available from un -utilized working capital limits with the average fund based working capital utilizations level remained low at 36.35% for past 12 mont hs ended July 2022.
From the report
Cash flow from operation was Rs.15.69 crore during FY21 as against negative CFO of Rs.35.59 crore during FY22, which is due to increase in inventory levels and increase in loans and advances given which was funded by warehousing loan availed by company for Rs.35 crore.
From the report
Cash flow from operation was Rs.15.69 crore during FY21 as against negative CFO of Rs.35.59 crore during FY22, which is due to increase in inventory levels and increase in loans and advances given which was funded by warehousing loan availed by company for Rs.35 crore.
From the report
KNL had cash and bank balance of Rs.4.08 crore along with fixed deposit of Rs.2 crore (not lien marked) as on March 31 , 2022.
From the report
Liquidity: Adequate KNL has adequate liquidity marked by healthy cash accruals with no long term debt repayment obligations, lean operating cycle, comfortable liquidity ratios and low utilization of its fund-based working capital limits at an average of 18% during the trailing 12 months ended July 31, 2021.
From the report
KNL had cash and bank balance of Rs.3.02 crore as on March 31, 2021.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.