Krystal Integrated Services Ltd

Krystal Integrated Services has a current liquidity position of INR 4.37 billion in total equity and INR 3.23 billion in total liabilities, with a debt-to-equity ratio of 0.21, indicating a relatively conservative capital structure. The company's free cash flow of INR 373.72 million and operating cash flow of -INR 324.49 million suggest a mixed liquidity profile, with positive free cash flow but negative operating cash flow. Profitability metrics show a return on equity (ROE) of 10% and a return on assets (ROA) of 5.75%, which are below the industry median for Business Support Services. The company's operating income of INR 707.38 million and net income of INR 437.35 million reflect a gross margin of 88.75% (INR 10.76 billion gross profit on INR 12.13 billion revenue), but operating margin is only 5.83%. The company's revenue is concentrated in India, with disclosed operations in healthcare, education, and public administration. No specific segment revenue breakdown is available, but the business is heavily exposed to government and institutional clients, including airports, railways, and municipal bodies. Looking ahead, the company is projected to grow revenue by 12% in the current fiscal year and 8% in the next, driven by expansion in public infrastructure contracts and new client acquisitions. Capital expenditure is expected to remain stable at INR 315 million annually. Risk factors include medium liquidity risk due to negative operating cash flow and a low dilution risk score. The company has no near-term pressure for equity dilution, with shares outstanding unchanged between basic and diluted shares. No recent events such as major filings or earnings transcripts have been disclosed in the latest data.