Scans

Tools

Home

Charts

Watchlist

Products

Kings Infra Ventures Ltd

KINGSINFR

BSE

₹63.72-0.52%19 Oct 2026

Reports

Aquaculture

Kings Infra Ventures Ltd

KINGSINFR

BSE

₹63.72

-0.52%

19 Oct 2026

SOICxStockScans Reports

Ask AI

Aquaculture

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Guidance Report: Management guidance vs outcomes.

Kings Infra Ventures is a technology-driven shrimp company that controls the entire journey from pond to plate - it farms, processes, exports and now brands seafood, all under one roof. It began in 1987 as the pioneer of India’s first commercial-scale semi-intensive aquaculture project in Tuticorin, Tamil Nadu, laying the foundation for what the country calls its “Blue Revolution”. The recurring approach that explains everything else is an obsession with owning every link in the chain - farming with proprietary technology, processing in its own factories, and selling directly to buyers - so that it can guarantee an antibiotic-free, traceable product and capture the margin at each step.

Business segments

Four engines at different stages - a high-productivity shrimp-farming core that dramatically out-yields the industry, a processing and export arm that turns that harvest into premium shipments, an emerging domestic branded-retail play, and a land-monetisation initiative that funds the next phase of growth.

1. Sustainable aquaculture: the productivity engine that outgrows the industry

Using a proprietary, zero-discharge farming protocol, the company harvests roughly four times more shrimp per hectare than the Indian average, with almost no disease losses.

A farming system that mimics nature - the SISTA360 protocol combines recirculatory aquaculture systems, biofloc techniques and live-feed cultivation inside the pond itself, creating a closed-loop ecosystem that needs no water exchange and suppresses pathogens through probiotics rather than antibiotics. The system has kept the company’s farms disease-free for over ten consecutive crop cycles.
Industry-beating productivity - the company harvests 16 to 20 tonnes of shrimp per hectare, against an industry norm of 3 to 5 tonnes, and achieves a feed conversion ratio of 1.1-1.3 where the industry average is 1.5-1.8. Survival rates run at 90-95%, well above the national average of 65-70%, and a shorter 100-day cycle allows three crops a year instead of the typical one or two.
Asset-light expansion through leased farms - rather than buying all its grow-out land, the company leases farms from other farmers on three- and five-year agreements, bringing them onto the SISTA360 protocol and its Aqua Kings range of probiotic and mineral inputs. This model boosted capacity by over 50% without tying up capital in land purchases.
A technical services division that trains the supply chain - the company runs a consultancy arm that offers everything from pond-preparation training to laboratory testing and certification, filling a gap left by fragmented individual operators. It is building the ‘Baby John Centre of Excellence’ with a target of training 10,000 aqua-entrepreneurs, which both expands the company’s partner-farmer network and lifts industry standards.
R&D that feeds the moat - a research centre in Tuticorin continuously refines the SISTA360 protocol and develops the Aqua Kings product line, which now has 16 products approved by the Coastal Aquaculture Authority as antibiotic-free inputs. The company also completed proof-of-concept trials with NEC Corporation of Japan on AI- and IoT-driven precision aquaculture, laying the groundwork for the next jump in productivity.

2. Seafood processing and exports: the global trade engine

The company turns its own farmed shrimp and sea-caught material into finished seafood for premium markets, capturing higher prices by selling directly to buyers rather than through intermediaries.

Three processing bases on both coasts - factories in Tuticorin (Tamil Nadu), Vizag (Andhra Pradesh) and Kollam (Kerala) give the company processing capacity on the order of 23 tonnes per day at Tuticorin alone, plus cold storage of 300 tonnes, with a new factory adding 1,800 tonnes of annual capacity. The company also acts as a merchant exporter through leading processing plants in Andhra Pradesh, giving it flexible volume without fixed overhead.
Direct relationships that lift margins - by selling straight to importers and distributors rather than through traders, the company earns 5-7% higher margins and a 7-10% premium on export pricing, positioning its shrimp as antibiotic-free and sustainably sourced. A long-term supply contract with South Korea’s LX Corporation and a joint brand in China - “KINGS RISHIFU” - with Shanghai RSF Trading Company lock in repeat demand.
A multi-geography footprint that spreads risk - shipments go to China, Japan, Vietnam, South Korea, Europe and the Middle East, with active expansion into Canada and the UK. A representative office in Spain and a dedicated European production line at the Tuticorin factory target Southern Europe, with plans to push into Germany, Holland and Scandinavia.
Natural hedge from dollar earnings - because export revenue is in US dollars and the company carries no foreign-currency debt or imports, a stronger dollar flows straight to the bottom line, and buyer agreements with flexible pricing mechanisms protect processing margins from daily exchange-rate swings.

3. Branded retail - Kings Frigo and Kings Bento: the domestic margin play

The company is building premium frozen and ready-to-eat seafood brands for Indian consumers, aiming for retail margins two to three times those of its B2B export business.

A distribution model built for gated communities - the launch strategy for Kings Frigo focuses on gated communities in metropolitan Bangalore, using proprietary kiosks, small supermarkets and dedicated outlets, with a cold-storage hub already operational on lease from the Karnataka Fisheries Development Corporation. City-specific distribution hubs are planned as the brand expands.
Targeting 30-40% margins at scale - the domestic branded business is designed to deliver gross margins of 30-40%, compared with 10-15% in B2B exports, and the plan envisions scaling to over 100 outlets across India and the Middle East within five years.

4. Land monetisation: unlocking real estate to fund aquaculture growth

The company owns prime land parcels whose sale or joint development is expected to generate cash that will be reinvested into scaling the core seafood business.

Three high-value parcels - the portfolio includes 126 acres in Tuticorin (of which the portion not used for the Maritech Eco Park, with roughly 1.1 km of beach frontage, is offered for joint development as an entertainment hub, marina and resorts), about 12 acres near Cochin International Airport, and 10 acres adjacent to Bangalore International Airport.
Partnering with developers, not building - the company plans to work with grade-A real estate developers on joint-development or outright-sale structures, rather than constructing projects itself, and is recruiting a COO-Real Estate to lead the initiative. Net receipts to the company are projected at ₹150 crore over three years.

Group structure and partners

A listed parent with two wholly-owned subsidiaries and a growing network of strategic partnerships that extend its geographic reach and supply-chain control.

Kings Infra Ventures Limited is the listed parent, trading on BSE, with promoters holding roughly 72% of shares as of March 2023.
Kings Maritech Eco Park Limited, a wholly-owned subsidiary, is developing the 126-acre AI-enabled indoor aquaculture park in Tuticorin - a ₹175 crore project that has secured an in-principle sanction for a ₹100 crore term loan.
Kings SISTA360 Private Limited, the second wholly-owned subsidiary, acts as a technology-interface platform for the aquaculture industry, extending the company’s proprietary farming protocols to partner farmers.
The company is acquiring Sriaqua Seafoods, a Visakhapatnam-based merchant exporter with a long-term supply contract with South Korea’s LX Corporation and an order book of over 100 containers, giving Kings Infra direct access to Visakhapatnam Port - India’s top seafood-export hub by volume in FY24.
A strategic partnership with Aadhya Sea Foods Private Limited, signed in June 2025, strengthens the company’s backward-integration footprint in Andhra Pradesh, the state that contributes roughly a third of India’s seafood exports.
KI Global, a Dubai-based entity, is being set up to handle marketing and distribution across the Middle East, with a plan to import into Dubai and redistribute to the entire region through the company’s own office.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

Charts

Documents

Edit Ratios

Mkt Cap

Market Capitalization

₹157Cr

Close Price

₹63.90

Industry

Aquaculture

Price To Earnings

10.70

Price To Sales

1.00

Revenue

₹157Cr

Rev Gr TTM

Revenue Growth TTM

21.02%

PAT Gr TTM

PAT Growth TTM

8.51%

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	21	23	25	28	30	33	32	34	43	37	47	30
Growth YoY Revenue Growth YoY%	50.1	51.0	24.3	34.0	43.5	46.6	25.3	21.5	41.5	10.7	46.3	-10.8
Expenses ExpensesCr	17	20	22	23	24	27	26	27	36	31	37	25
Operating Profit Operating ProfitCr	4	3	4	5	6	7	5	7	8	6	9	5
OPM OPM%	18.1	12.4	14.8	18.1	19.9	20.2	17.2	20.3	17.7	16.2	19.5	16.8
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Interest ExpenseCr	1	1	1	1	1	1	2	2	2	2	2	2
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	3	2	3	4	5	5	4	5	6	4	7	3
Tax TaxCr	1	1	1	1	1	1	1	1	2	1	2	1
PAT PATCr	2	1	2	3	3	4	3	3	4	3	5	2
Growth YoY PAT Growth YoY%	76.2	0.0	-12.6	33.5	61.4	169.7	46.4	21.6	22.2	-21.7	96.6	-38.1
NPM NPM%	10.1	6.4	7.1	10.2	11.4	11.7	8.3	10.2	9.8	8.3	11.2	7.1
EPS EPS₹	0.9	0.6	0.8	1.2	1.4	1.6	1.1	1.4	1.7	1.3	2.1	0.9

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	21	23	25	28	30	33	32	34	43	37	47	30
Growth YoY Revenue Growth YoY%	50.1	51.0	24.3	34.0	43.5	46.6	25.3	21.5	41.5	10.7	46.3	-10.8
Expenses ExpensesCr	17	20	22	23	24	27	26	27	36	31	37	25
Operating Profit Operating ProfitCr	4	3	4	5	6	7	5	7	8	6	9	5
OPM OPM%	18.1	12.4	14.8	18.1	19.9	20.2	17.2	20.3	17.7	16.2	19.5	16.8
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Interest ExpenseCr	1	1	1	1	1	1	2	2	2	2	2	2
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	3	2	3	4	5	5	4	5	6	4	7	3
Tax TaxCr	1	1	1	1	1	1	1	1	2	1	2	1
PAT PATCr	2	1	2	3	3	4	3	3	4	3	5	2
Growth YoY PAT Growth YoY%	76.2	0.0	-12.6	33.5	61.4	169.7	46.4	21.6	22.2	-21.7	96.6	-38.1
NPM NPM%	10.1	6.4	7.1	10.2	11.4	11.7	8.3	10.2	9.8	8.3	11.2	7.1
EPS EPS₹	0.9	0.6	0.8	1.2	1.4	1.6	1.1	1.4	1.7	1.3	2.1	0.9

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	61	90	124	161	157
Growth Revenue Growth%		48.5	37.0	29.9	21.0
Expenses ExpensesCr	51	76	100	131	129
Operating Profit Operating ProfitCr	10	14	23	30	28
OPM OPM%	16.8	15.7	18.9	18.4	17.7
Other Income Other IncomeCr	0	0	1	1	1
Interest Expense Interest ExpenseCr	3	4	5	7	7
Depreciation DepreciationCr	0	0	1	2	2
PBT PBTCr	8	10	17	22	20
Tax TaxCr	2	3	5	6	5
PAT PATCr	6	8	13	16	15
Growth PAT Growth%		32.1	70.7	24.0	8.5
NPM NPM%	9.4	8.4	10.4	9.9	9.3
EPS EPS₹	2.4	3.2	5.3	6.6	6.0

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	61	90	124	161	157
Growth Revenue Growth%		48.5	37.0	29.9	21.0
Expenses ExpensesCr	51	76	100	131	129
Operating Profit Operating ProfitCr	10	14	23	30	28
OPM OPM%	16.8	15.7	18.9	18.4	17.7
Other Income Other IncomeCr	0	0	1	1	1
Interest Expense Interest ExpenseCr	3	4	5	7	7
Depreciation DepreciationCr	0	0	1	2	2
PBT PBTCr	8	10	17	22	20
Tax TaxCr	2	3	5	6	5
PAT PATCr	6	8	13	16	15
Growth PAT Growth%		32.1	70.7	24.0	8.5
NPM NPM%	9.4	8.4	10.4	9.9	9.3
EPS EPS₹	2.4	3.2	5.3	6.6	6.0

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	24	25	25	25
Reserves ReservesCr	12	33	46	62
Current Liabilities Current LiabilitiesCr	24	30	58	61
Non Current Liabilities Non Current LiabilitiesCr	12	14	13	32
Total Liabilities Total LiabilitiesCr	71	101	141	180
Current Assets Current AssetsCr	41	59	83	116
Non Current Assets Non Current AssetsCr	30	43	58	64
Total Assets Total AssetsCr	71	101	141	180

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	24	25	25	25
Reserves ReservesCr	12	33	46	62
Current Liabilities Current LiabilitiesCr	24	30	58	61
Non Current Liabilities Non Current LiabilitiesCr	12	14	13	32
Total Liabilities Total LiabilitiesCr	71	101	141	180
Current Assets Current AssetsCr	41	59	83	116
Non Current Assets Non Current AssetsCr	30	43	58	64
Total Assets Total AssetsCr	71	101	141	180

Consolidated

Standalone

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	-2	-4	-4	8
Investing Cash Flow Investing Cash FlowCr	-3	-13	-16	-5
Financing Cash Flow Financing Cash FlowCr	5	19	18	10
Net Cash Flow Net Cash FlowCr	0	2	-3	13
Free Cash Flow Free Cash FlowCr	-2	-5	-10	8
CFO To PAT CFO To PAT%	-30.2	-52.9	-33.6	51.3
CFO To EBITDA CFO To EBITDA%	-16.9	-28.1	-18.5	27.7

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	-2	-4	-4	8
Investing Cash Flow Investing Cash FlowCr	-3	-13	-16	-5
Financing Cash Flow Financing Cash FlowCr	5	19	18	10
Net Cash Flow Net Cash FlowCr	0	2	-3	13
Free Cash Flow Free Cash FlowCr	-2	-5	-10	8
CFO To PAT CFO To PAT%	-30.2	-52.9	-33.6	51.3
CFO To EBITDA CFO To EBITDA%	-16.9	-28.1	-18.5	27.7

Consolidated

Standalone

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	216	447	295	278	157
Price To Earnings Price To Earnings	37.8	59.2	22.7	17.2	10.7
Price To Sales Price To Sales	3.5	4.9	2.4	1.7	1.0
Price To Book Price To Book	6.0	7.7	4.2	3.2	1.8
EV To EBITDA EV To EBITDA	23.9	33.9	15.2	11.6	8.0
Profitability Ratios Profitability Ratios
GPM GPM%	21.3	21.1	23.2	21.3	21.3
OPM OPM%	16.8	15.7	18.9	18.4	17.7
NPM NPM%	9.4	8.4	10.4	9.9	9.3
ROCE ROCE%	15.8	14.7	17.4	17.4	17.4
ROE ROE%	15.9	13.1	18.2	18.4	18.4
ROA ROA%	8.0	7.5	9.1	8.9	8.9
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	216	447	295	278	157
Price To Earnings Price To Earnings	37.8	59.2	22.7	17.2	10.7
Price To Sales Price To Sales	3.5	4.9	2.4	1.7	1.0
Price To Book Price To Book	6.0	7.7	4.2	3.2	1.8
EV To EBITDA EV To EBITDA	23.9	33.9	15.2	11.6	8.0
Profitability Ratios Profitability Ratios
GPM GPM%	21.3	21.1	23.2	21.3	21.3
OPM OPM%	16.8	15.7	18.9	18.4	17.7
NPM NPM%	9.4	8.4	10.4	9.9	9.3
ROCE ROCE%	15.8	14.7	17.4	17.4	17.4
ROE ROE%	15.9	13.1	18.2	18.4	18.4
ROA ROA%	8.0	7.5	9.1	8.9	8.9
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	COASTCORP	WATERBASE	GREENASIA	KINGSINFR	ZEAL	NCCBLUE	SURFI
Market CapitalizationMkt CapCr	237	181	166	157	130	17	12
Close PriceClose₹	35.35	43.81	77.60	63.90	10.30	22.33	17.35
IndustryIndustry	Aquaculture	Aquaculture	Aquaculture	Aquaculture	Aquaculture	Aquaculture	Aquaculture
Price To EarningsPE	7.33		10.67	10.70	12.12	6.02
Price To SalesPS	0.23	0.47	0.43	1.00	0.19
RevenueRevenueCr	1,041	384	384	157	695	0	0
Revenue Growth TTMRev Gr TTM%	53.3%	31.4%		21.0%	26.8%
PAT Growth TTMPAT Gr TTM%	348.3%	32.5%		8.5%	-6.1%	-18.2%	-262.5%

	COASTCORP	WATERBASE	GREENASIA	KINGSINFR	ZEAL	NCCBLUE	SURFI
Market CapitalizationMkt CapCr	237	181	166	157	130	17	12
Close PriceClose₹	35.35	43.81	77.60	63.90	10.30	22.33	17.35
IndustryIndustry	Aquaculture	Aquaculture	Aquaculture	Aquaculture	Aquaculture	Aquaculture	Aquaculture
Price To EarningsPE	7.33		10.67	10.70	12.12	6.02
Price To SalesPS	0.23	0.47	0.43	1.00	0.19
RevenueRevenueCr	1,041	384	384	157	695	0	0
Revenue Growth TTMRev Gr TTM%	53.3%	31.4%		21.0%	26.8%
PAT Growth TTMPAT Gr TTM%	348.3%	32.5%		8.5%	-6.1%	-18.2%	-262.5%

FY2026

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2026

Jun 26