Shri Kanha Stainless Limited is engaged in the manufacturing and processing of stainless steel products, primarily producing SS Patta, Patti, and sheets used across construction, infrastructure, utensils, fabrication, and industrial applications. The company earns revenue from job-work processing, cutting, slitting, polishing, and manufacturing value-added stainless-steel products. Its product range caters to downstream manufacturers, traders, and dealers across India.

The Company is led by Promoter, i.e., JAI BHAGWAN AGARWAL, KAVITA AGARWAL, SHASHANK AGRAWAL AND NEHA AGARWAL

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 11,030.44 Lakh, ₹ 14,638.71 Lakh, ₹ 13,099.76 Lakh, and ₹ 13,647.05 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 924.64 Lakh, ₹ 1,338.019 Lakh, ₹ 824.281 Lakh, and ₹ 436.31 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 425.64 Lakh, ₹ 579.03 Lakh, ₹ 260.27 Lakh, and ₹ 72.02 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹5.55 and post-issue EPS of ₹3.72 for FY25. The pre-issue P/E ratio is 16.22x,while the post-issue P/E ratio is 24.22x against the Industry P/E ratio is 25.2x The company's ROE for FY25 is 47.61% and RoNW is 47.61% The Annualised EPS is ₹5.46x and P/E is 16.47x. These metrics suggest that the IPO is Fairly priced.

The Grey Market Premium (GMP) of Shri Kanha Stainless showing listing gains of  0.00%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Shri Kanha Stainless