KRYSTAL

Krystal Integrated Services financials

Market cap
₹859 Cr
Sector
Services
Calls analysed
3
Latest concall · Q4 FY26 · call held 08 May 2026

Krystal Integrat Q4 FY26

Revenue ₹364.94 cr −12%EBITDA ₹23.78 cr −11%EBITDA Margin 6.51% PAT ₹18.85 cr +11%

What went well

  • FY26 Revenue grew 5.32% YoY to INR1,277.28 crores.
  • FY26 EBITDA increased 7.5% YoY to INR83.53 crores.
  • FY26 EBITDA margin expanded by 13 bps to 6.54%.

What to watch

  • Q4 FY26 Revenue declined nearly 12% YoY to INR364.94 crores.
  • Working capital (receivables and loans & advances) increased, with loans & advances at INR146.45 crores as of March 2026.
Read the full call →

What Krystal Integrated Services Limited does

Krystal Integrated Services is an integrated facility management (IFM) company that bundles soft services (housekeeping, sanitation, pantry) and hard services (pest control, facade cleaning, technical facility management) with staffing & payroll management, private security and manned guarding, and food & beverage catering delivered through subsidiary Krystal Gourmet's central kitchen in Mumbai. It runs a dedicated solid and liquid waste-management vertical, including wastewater/zero-liquid-discharge (ZLD) treatment for municipal corporations and industrial clients and bio-enzyme waste technology, and services city infrastructure such as airports, railway stations and metro stations. It has expanded into smart lighting and urban infrastructure through the acquisition of Citelum India, and its B2C subsidiary Taskmaster offers structured cleaning and maintenance services to homes and residential communities.

Segments

  • Integrated Facility Management (Soft & Hard Services)
  • Staffing & Payroll Management
  • Private Security & Manned Guarding
  • Food & Beverage
  • Waste Management
  • City Infrastructure
  • Taskmaster (B2C)
  • Citelum India
On-site employees
41,676
Branch locations
31
Customer locations serviced
4,068
Customers served
572
Geographic footprint
20 States & 4 Union Territories
Warehouses
2
Headquarters Mumbai, MaharashtraEmployees 41,676 (FY26 (as of 31 March 202) Company website

Guidance record · Q4 FY26

what the last two calls moved 7 tracked 0 delivered 4 missed 3 open
  • Revenue Growth missed said Q4 FY25 Promised: 20% to 25% zone as a guidance that we have and we will keep on growing in that zone. Q4 FY26: Full year FY26 revenue growth was 5.32%, well below the original 20-25% guidance zone. Management explained the slowdown as a strategic choice to focus on margins.
  • Corporate Business Margins on track said Q2 FY26 Promised: Margin profile in the corporate business is on the upswing. Q4 FY26: Full year FY26 EBITDA margin improved by 13 bps to 6.54%. Management continues to cite the corporate segment as a key driver for future margin appreciation.

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 11.8%, net profit up 6.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue266 276 413 323 283 +6%306 +11%365 −12%361 +12%
EBITDA17 18 27 21 18 +6%20 +11%24 −11%23 +10%
Net profit15 15 17 16 13 −13%16 +7%19 +12%17 +6%
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 −7.0% 1Y

₹500₹550₹600₹650Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q4 FY26 — 8 May 2026

1Y: ₹660.95 on 10 Sept 2025 → ₹614.45. High ₹681.35 (20 Aug 2026), low ₹505.1 (6 Jan 2026).

How the price took the results

close before → close after

Q4 FY26
−2.6%
8 May
Q2 FY26
−5.0%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 11.5% a year over 2 years, FY24 to FY26. Operating margin held at 6.5%.

Year endingFY24FY25FY26
Revenue₹1.0k Cr₹1.2k Cr₹1.3k Cr
Operating profit₹69 Cr₹78 Cr₹83 Cr
Operating margin6.7%6.4%6.5%
Interest₹12 Cr₹10 Cr₹16 Cr
Depreciation₹8 Cr₹8 Cr₹12 Cr
Net profit₹50 Cr₹62 Cr₹64 Cr
Net margin4.9%5.1%5.0%
Cash from operations₹2 Cr₹-32 Cr₹26 Cr
Free cash flow₹-10 Cr₹-64 Cr₹11 Cr
ROCE21.0%17.0%16.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹14 Cr₹14 Cr₹14 Cr
Reserves₹130 Cr₹158 Cr₹158 Cr₹362 Cr₹441 Cr₹485 Cr
Borrowings₹68 Cr₹74 Cr₹51 Cr₹88 Cr₹101 Cr₹120 Cr
Other liabilities₹134 Cr₹167 Cr₹130 Cr₹183 Cr₹201 Cr₹223 Cr
Total liabilities₹338 Cr₹404 Cr₹343 Cr₹647 Cr₹757 Cr₹842 Cr
Fixed assets₹13 Cr₹11 Cr₹81 Cr₹83 Cr₹106 Cr₹105 Cr
Capital work in progress₹60 Cr₹60 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹1 Cr₹2 Cr₹3 Cr₹3 Cr₹9 Cr₹8 Cr
Other assets₹264 Cr₹331 Cr₹260 Cr₹561 Cr₹642 Cr₹728 Cr
Total assets₹338 Cr₹404 Cr₹343 Cr₹647 Cr₹757 Cr₹842 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 +0.53 pp while DIIs trimmed −0.44 pp. The shareholder count shrank 20% to 21,784.

Promoters
70.0%
FIIs
1.8%
DIIs
3.8%
Public
24.5%

Since Jun 2025

  • Public +0.53 pp
  • DIIs −0.44 pp
  • FIIs −0.09 pp

How it drifted, 10 quarters

Over this window the public went from 16.3% to 24.5% — +8.2 pp.

Mar '24Mar '25Jun '26

Ownership split by quarter, oldest first. Mar '24: Promoters 70.0%, FIIs 8.0%, DIIs 5.8%, Public 16.3%.Jun '24: Promoters 70.0%, FIIs 3.0%, DIIs 5.7%, Public 21.4%.Sep '24: Promoters 70.0%, FIIs 0.7%, DIIs 5.1%, Public 24.2%.Dec '24: Promoters 70.0%, FIIs 0.7%, DIIs 5.0%, Public 24.3%.Mar '25: Promoters 70.0%, FIIs 2.1%, DIIs 3.8%, Public 24.2%.Jun '25: Promoters 70.0%, FIIs 1.9%, DIIs 4.2%, Public 24.0%.Sep '25: Promoters 70.0%, FIIs 2.0%, DIIs 4.2%, Public 23.9%.Dec '25: Promoters 70.0%, FIIs 1.8%, DIIs 4.2%, Public 24.0%.Mar '26: Promoters 70.0%, FIIs 1.3%, DIIs 3.8%, Public 25.0%.Jun '26: Promoters 70.0%, FIIs 1.8%, DIIs 3.8%, Public 24.5%.

Who was buying across the market this quarter →

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.

The same filing shows 0 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 Krystal Integrated Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Krystal Family Holdings Private Limited 69.96%unchanged
Quant Mutual Fund-Quant ELSS Tax Saver Fund Mutual fund3.76%unchanged
Moolchand Kiran Kumar Jain 3.58%unchanged
Anshu Shrivastava 1.15%unchanged
Saily Prasad Lad 0.00%unchanged
Shubham Prasad Lad 0.00%unchanged
Suyyog Santtosh Powlle 0.00%unchanged
Kite Allied Service Private Limited (Formerly known as Krystal Allied Services Private Limited) 0.00%unchanged
Minesh Keshav Lad 0.00%unchanged
Shashank Minesh Lad 0.00%unchanged
Prarthana Minesh Lad 0.00%unchanged
Pooja Minesh Lad 0.00%unchanged

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.

What the price assumes

Attractive

To justify its price of ₹614, this stock must grow earnings at 7% every year for 7 years. Our analysis caps realistic growth at ~13%. At that growth it is worth ₹835 — upside of 36%.

Growth the price implies
7.4% a year
for 7 years, fading to 4%
It has actually compounded at
13.1% a year
net profit, FY24–FY26
The gap
-0.1 pp
36% downside if it only repeats history
Price today ₹614.45 Value at the reference growth ₹834.53

Change the assumptions yourself →

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse Krystal Integrated Services Limited

Guides on how to read this kind of business and the numbers that matter.