KRIDHANINF
Kridhan Infra financials
- Market cap
- ₹22 Cr
- Sector
- Construction
What Kridhan Infra Limited does
Kridhan Infra Limited is a Mumbai-based, BSE/NSE-listed civil-engineering and EPC company incorporated in 2006. Its principal operating exposure today is through its 41.47%-held associate, Vijay Nirman Company Private Limited, which executes mega civil-engineering and infrastructure projects — roads, bridges, metros, railways, ports and industrial infrastructure — along with foundational work such as piling and diaphragm walls, and builds residential and commercial complexes as a turnkey EPC contractor for public-sector clients (e.g. the Public Works Department) and private companies across India. The company's wholly owned subsidiary, Kridhan Infra Solutions Private Limited, had only nominal activity in FY25. Kridhan's former Singapore foundation-engineering and EPC subsidiaries (KH Foges, Swee Hong, held via Ready Made Steel Singapore) are under liquidation or judicial management/scheme of arrangement, and the company has impaired its related investments in them.
Segments
- Civil Engineering & EPC (via associate Vijay Nirman Company, 41.47% stake)
- Singapore Foundation Engineering (KH Foges) & EPC (Swee Hong)
- Countries of operation (Group, FY19)
- Singapore, India, Malaysia, Indonesia
- Projects completed (Group, cumulative to FY19)
- 300+
- Current subsidiaries & associates (FY25)
- 1 subsidiary (Kridhan Infra Solutions) + 1 associate (Vijay Nirman Company)
- Stake in associate Vijay Nirman Company (India EPC)
- 41.47%
- Swee Hong (Singapore EPC) projects completed, historical
- 400+
- Foundation-engineering license (BCA, Singapore, historical — KH Foges)
- L6 certification — bid for unlimited project value
Quarterly results
Q1 FY27: revenue down 46.8%, net profit down 96.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 3 | 2 | 1 | 0 | 0 −83% | 1 −47% |
| EBITDA | -0 | -0 | 2 | 1 | 1 +371% | 0 +107% | 0 −95% | -0 −115% |
| Net profit | 67 | -0 | 5 | 1 | 0 −100% | -0 −69% | 1 −82% | 0 −97% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −49.6% 1Y
1Y: ₹3.89 on 10 Sept 2025 → ₹1.96. High ₹4.52 (15 Dec 2025), low ₹1.89 (30 Mar 2026).
Financials, as filed
Revenue grew 101.5% a year over 2 years, FY24 to FY26. Operating margin widened to 54.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1 Cr | ₹3 Cr | ₹3 Cr |
| Operating profit | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Operating margin | 21.2% | 69.0% | 54.8% |
| Interest | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-219 Cr | ₹72 Cr | ₹2 Cr |
| Net margin | -25818.8% | 2801.9% | 62.3% |
| Cash from operations | ₹-5 Cr | ₹5 Cr | ₹2 Cr |
| Free cash flow | ₹-5 Cr | ₹5 Cr | ₹2 Cr |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹20 Cr |
| Reserves | ₹82 Cr | ₹-331 Cr | ₹-382 Cr | ₹-374 Cr | ₹-300 Cr | ₹-288 Cr |
| Borrowings | ₹20 Cr | ₹22 Cr | ₹20 Cr | ₹27 Cr | ₹23 Cr | ₹12 Cr |
| Other liabilities | ₹41 Cr | ₹341 Cr | ₹372 Cr | ₹361 Cr | ₹294 Cr | ₹292 Cr |
| Total liabilities | ₹162 Cr | ₹51 Cr | ₹30 Cr | ₹33 Cr | ₹36 Cr | ₹36 Cr |
| Fixed assets | ₹26 Cr | ₹21 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹77 Cr | ₹12 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Other assets | ₹58 Cr | ₹18 Cr | ₹11 Cr | ₹14 Cr | ₹17 Cr | ₹16 Cr |
| Total assets | ₹162 Cr | ₹51 Cr | ₹30 Cr | ₹33 Cr | ₹36 Cr | ₹36 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +8.10 pp while promoters trimmed −7.10 pp. The shareholder count shrank 5% to 31,472.
- Promoters
- 40.0%
- Public
- 60.0%
Since Jun 2025
- Public +8.10 pp
- Promoters −7.10 pp
- FIIs −0.99 pp
How it drifted, 12 quarters
Over this window the public went from 48.4% to 60.0% — +11.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 47.1%, FIIs 4.4%, Public 48.4%.Dec '23: Promoters 47.1%, FIIs 4.4%, Public 48.4%.Mar '24: Promoters 47.1%, FIIs 4.4%, Public 48.4%.Jun '24: Promoters 47.1%, FIIs 4.4%, Public 48.4%.Sep '24: Promoters 47.1%, FIIs 4.4%, Public 48.4%.Dec '24: Promoters 47.1%, FIIs 4.4%, Public 48.4%.Mar '25: Promoters 47.1%, FIIs 4.4%, Public 48.4%.Jun '25: Promoters 47.1%, FIIs 1.0%, Public 51.9%.Sep '25: Promoters 47.1%, FIIs 1.0%, Public 51.9%.Dec '25: Promoters 47.1%, FIIs 1.0%, Public 51.8%.Mar '26: Promoters 44.9%, Public 55.1%.Jun '26: Promoters 40.0%, Public 60.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shri Bajrang Commodity Llp newly disclosed 6.45% held
- Shashwat Agrawal newly disclosed 3.23% held
- Sanjay Kumar Agrawal newly disclosed 1.08% held
The same filing shows 9 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kridhan Infra Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Anil Dhanpat Agrawal | 23.53% | −2.84 pp |
| Kridhan Infrastructures Private Limited | 10.20% | −1.23 pp |
| Shri Bajrang Commodity Llp | 6.45% | newly disclosed |
| Kridhan Petrochemicals Private Limited | 6.27% | −0.76 pp |
| Shashwat Agrawal | 3.23% | newly disclosed |
| Arkas Industries Private Limited | 1.67% | −0.20 pp |
| Sanjay Agrawal . | 1.16% | −0.14 pp |
| Krg Polychem Private Limited | 1.11% | −0.13 pp |
| Pankaj H Kapasi | 1.08% | −0.13 pp |
| Payal P Kapasi | 1.08% | −0.13 pp |
| Chaitali Atish Laddad | 1.08% | −0.13 pp |
| Sanjay Kumar Agrawal | 1.08% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Kridhan Infra Limited
Guides on how to read this kind of business and the numbers that matter.