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Krystal Integrated Services Limited (KRYSTAL)

₹623.60 -0.94% last close, 16 Oct

📊 NSE: KRYSTAL 🏢 Diversified Commercial Services 📢 Latest filing: 10 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Krystal Integrated's revenue was ₹361 Cr (+11.6% year on year, -1.2% on the previous quarter), and net profit ₹17.4 Cr (+5.9% year on year); the operating margin was 6.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹361	+11.6%	-1.2%
Operating profit	₹22.8	+6.8%	-4.1%
Net profit	₹17.4	+5.9%	-7.6%
EPS (₹)	12.46	+6.0%	-7.6%
Operating margin	6.3%	—	—

Full quarterly financials → Results calendar →

KRYSTAL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 60.87% of the KRYSTAL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 51.94%. That is close to its usual level. Turnover was only ₹67 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.

60.87%Delivery, 16 Oct

51.94%Own 20-session average

0.4×Volume vs its average

₹623.60NSE close · -0.94%

Delivery in the last 5 sessions: 78.6% · 79.8% · 59.6% · 51.2% · 60.9%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Krystal Integrated Services to Add 10,000+ Jobs Across 25+ Cities Over Next 6 Months

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 10 Oct 2026, 02:28 PM

Krystal Integrated Services announced a large-scale workforce expansion, planning to create over 10,000 jobs across 25+ cities between October 2026 and March 2027. This follows the 9,500 jobs already added in FY27 to date, bringing significant operational scale relative to its base of 41,676 on-site employees as of FY26. The hiring will span facility management, sanitation, and staffing to fulfill new client mandates across multiple sectors. This rapid expansion signals strong underlying order intake, including more than 177 corporate clients added in FY26 with a combined multi-year value exceeding ₹300 crore.

Plans to generate more than 10,000 jobs across 25+ cities between October 2026 and March 2027
Company already added over 9,500 employment opportunities across 40+ cities in FY2026-27 so far
FY26 on-site employee base stood at 41,676 across 4,068 locations in 20 states and 4 UTs
Added 177+ corporate customers across 250+ locations in FY26 with combined multi-year value exceeding ₹300 crore

💡 Track upcoming quarterly operating margins and employee benefit expense growth to verify that contract billing realizations adequately cover rapid headcount additions.

Krystal Secures Rs 25.99 Cr Railway Housekeeping Contract for Bilaspur Division

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 09 Oct 2026, 02:23 PM

Krystal Integrated Services has received a Letter of Acceptance from South East Central Railway, Bilaspur Division, for on-board housekeeping and linen distribution. The contract is valued at Rs 25.99 Cr (inclusive of GST) and will be executed over a 24-month duration. On an annualised basis (~Rs 13 Cr/year), the contract represents approximately 1% of the company's TTM revenue of Rs 1,315 Cr. The contract is awarded in the ordinary course of business without any promoter interest.

Contract value stands at Rs 25,99,41,549.25 (Rs 25.99 Cr) inclusive of GST
Execution timeline set for 24 months from the date of LOA or commencement of work
Scope involves On-Board Housekeeping Services (OBHS) and Linen Distribution for SECR, Bilaspur Division
Annualised contract value (~Rs 13 Cr) is ~1.0% of TTM revenue (Rs 1,315 Cr)

💡 Track the commencement date and monitor upcoming quarterly filings for any working capital stretch, given public sector contract payment terms.

Krystal Integrated Services Submits Reg 74(5) Dematerialisation Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 10:49 AM

Krystal Integrated Services Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), on October 3, 2026. It confirms that all securities received for dematerialisation during the period were processed, listed on stock exchanges, and mutilated/cancelled within prescribed timelines. This is a standard procedural regulatory filing with no financial impact.

Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
Covers the quarterly period ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited dated October 3, 2026
Confirms mutilation, cancellation, and exchange listing of dematerialised securities

💡 No action is required; investors should track upcoming Q2 FY27 earnings releases for operational and financial performance updates.

Krystal Secures Rs 8.75 Cr Manpower Contract from Kosol Energie

🟢 POSITIVE ⭐ 5/10

OTHER 📅 29 Sep 2026, 06:00 PM

Krystal Integrated Services Limited has secured an annual manpower contract valued at Rs 8.75 crore from Kosol Energie Private Limited. Under the one-year agreement, KISL will deploy 250 technically qualified professionals (ITI, Diploma, BE/B.Tech) at Kosol Energie's Bavla facility in Gujarat. Relative to KISL's TTM revenue of Rs 1,315 crore, this contract is modest, representing approximately 0.67% of annual revenue. The win strategically expands the company's footprint into technical staffing within the renewable energy manufacturing space.

Annual contract value of Rs 8.75 crore
Deployment of 250 technically qualified professionals
One-year contract duration at Bavla facility in Gujarat
Focus on solar power EPC and manufacturing support

💡 Monitor upcoming quarterly results for execution progress and operating margins in the specialized technical staffing segment compared to core facility management.

Krystal Secures ₹8.75 Cr Manpower Services Order from Kosol Energie

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 29 Sep 2026, 05:46 PM

Krystal Integrated Services Limited has secured a domestic work order worth ₹8.75 crore (excluding taxes) from Kosol Energie Private Limited. The contract involves providing manpower services at Kosol's factory located in Bavla, Gujarat. The agreement has a duration of one year, running from October 12, 2026, to October 11, 2027. While it reinforces corporate client addition, the contract is small, representing approximately 0.67% of Krystal's TTM revenue of ₹1,315 crore.

Received a domestic work order valued at ₹8,75,40,000 (excluding taxes)
Contract is with Kosol Energie Private Limited for manpower services in Bavla, Gujarat
Execution tenure spans 1 year from October 12, 2026 to October 11, 2027
Represents approximately 0.67% of TTM revenue of ₹1,315 crore

💡 Monitor regular contract execution starting October 12, 2026, and track corporate client additions to assess whether contract margins help sustain the historical ~6.5% operating margin.

Krystal Integrated AGM Approves ₹1.50/Share Dividend and Section 185 Loan Approvals

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Sep 2026, 12:22 PM

Krystal Integrated Services submitted voting results and the Scrutinizer's report for its 25th Annual General Meeting held on September 22, 2026. All five proposed resolutions were passed with the requisite majority, including the adoption of FY26 financial statements and approval of a final dividend of ₹1.50 per share (15%). Additionally, shareholders passed a special resolution approving loans, guarantees, and security provisions under Section 185 of the Companies Act, with promoter group members abstaining from voting.

Declared a final dividend of ₹1.50 per equity share (15% of face value ₹10) for FY26 with 99.9996% votes in favor.
Adopted standalone and consolidated financial statements for FY26 with 99.9994% favorable votes.
Approved special resolution under Section 185 to advance loans, guarantees, or securities with 99.9837% of polled votes in favor.
A total of 1,05,46,391 votes were polled across 1,39,71,952 total shares, representing a 75.48% voting turnout.

💡 Track the dividend distribution timeline and bank credit updates or related-party disclosures concerning any loans or guarantees executed under the approved Section 185 resolution.

Krystal Secures Rs 6.58 Cr Metro Cleaning Contract from Maha Mumbai Metro

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 12 Sep 2026, 09:34 AM

Krystal Integrated Services Limited has received a Letter of Commencement from Maha Mumbai Metro (M3) Operation Corporation Limited for facility management services. The 1-year contract is valued at Rs 6.58 crore (including GST) and runs from September 16, 2026, to September 15, 2027. The scope covers housekeeping, facade, and internal roof cleaning across Monorail Stations under Package 4. Given Krystal's TTM revenue of Rs 1,315 crore, this contract represents approximately 0.50% of annual revenue, making it a routine business win.

Contract value stands at Rs 6,58,35,987 (Rs 6.58 crore) inclusive of GST
Contract tenure is 1 year, spanning from September 16, 2026, to September 15, 2027
Scope entails Housekeeping, Facade, and Internal Roof Cleaning at Monorail Stations under Package 4
Awarding client is Maha Mumbai Metro (M3) Operation Corporation Limited

💡 Track execution start on September 16, 2026, and watch for incremental quarterly revenue additions in subsequent quarterly results.

Krystal Integrated Enters Agreement with Adfactors PR for Investor Relations Services

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 10:29 AM

Krystal Integrated Services Limited has executed a service provider agreement with Adfactors PR Private Limited for availing Investor Relations (IR) services effective September 01, 2026. This follows the Board of Directors' prior approval on August 04, 2026. The contract does not involve any related party transactions, special rights, or share issuance, representing routine corporate vendor onboarding for shareholder communication.

Executed Service Provider Agreement with Adfactors PR Private Limited on September 01, 2026
Board of Directors previously approved the revised terms on August 04, 2026
Zero shareholding held in Adfactors PR and no related party transaction involved
No special governance rights, board nomination rights, or share subscription rights conferred

💡 Track regular company disclosures and investor presentation materials as the new IR engagement takes effect.

Krystal Secures Rs 6.60 Cr Sanitation & Waste Management Order from Khatu Shyamji Temple

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 27 Aug 2026, 09:14 PM

Krystal Integrated Services Limited has been awarded a domestic work order valued at approximately Rs 6.60 crore (excluding taxes) by the Shree Shyam Mandir Committee, Khatu Shyamji in Rajasthan. The contract entails providing sanitation and waste management services covering 200 to 250 meters around the temple premises. The contract runs for a period of 12 months from October 1, 2026, to September 30, 2027. Representing roughly 0.50% of TTM revenue (Rs 1,315 crore), this contract adds incremental volume to the company's specialized facility management portfolio.

Contract value of approximately Rs 6.60 crore excluding applicable taxes
Execution tenure of 12 months spanning October 01, 2026, to September 30, 2027
Client is Shree Shyam Mandir Committee, Khatu Shyamji (Sikar, Rajasthan)
Service scope covers sanitation and waste management across a 200 to 250-meter perimeter around temple premises

💡 Track execution commencement from October 1, 2026, and watch for further client additions in the waste management vertical in forthcoming quarterly updates.

Krystal Integrated Services Dispatches FY26 Annual Report Links; 25th AGM on Sep 22, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 27 Aug 2026, 03:48 PM

Krystal Integrated Services Limited has informed the exchanges regarding communication dispatched to shareholders under Regulation 36(1)(b) of SEBI LODR Regulations. The letter provides a web-link and QR code to access the FY 2025-26 Annual Report and AGM Notice for members without registered email addresses. The 25th Annual General Meeting is scheduled to be held on Tuesday, September 22, 2026, at 2:00 PM IST via Video Conferencing.

25th Annual General Meeting scheduled for Tuesday, September 22, 2026, at 2:00 PM IST
Meeting to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Dispatched letters containing web-link and QR code for FY 2025-26 Annual Report access pursuant to Regulation 36(1)(b)

💡 Shareholders may review the Annual Report FY 2025-26 and ensure their email addresses are updated with MUFG Intime India Private Limited (RTA) ahead of the AGM on September 22, 2026.

Krystal Integrated Services Dispatches FY26 Annual Report; 25th AGM on Sept 22, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 03:40 PM

Krystal Integrated Services Limited has issued the notice for its 25th Annual General Meeting (AGM) scheduled for September 22, 2026, alongside publishing its FY 2025-26 Annual Report. The annual report confirms a declared dividend of ₹1.50 per equity share (face value ₹10). For FY26, the company reported consolidated revenue of ₹12,772.8 million (up 5.32% YoY) and PAT of ₹643.5 million (up 2.94% YoY) with an EBITDA margin of 6.54%.

25th AGM scheduled for September 22, 2026, at 2:00 PM IST via Video Conferencing.
FY26 dividend declared at ₹1.50 per equity share of face value ₹10.
Reported FY26 consolidated revenue of ₹12,772.8 million, up 5.32% YoY.
FY26 consolidated PAT stood at ₹643.5 million with an EPS of ₹45.94 and ROCE of 17.63%.
Serviced 4,068 locations across 20 States and 4 UTs with 41,676 on-site employees as of FY26.

💡 Track voting resolutions and commentary from management during the AGM on September 22, 2026, regarding B2C expansion and client additions.

Krystal Wins ₹17.25 Cr 5-Year Manpower Services Contract in Maharashtra

🟢 POSITIVE ⭐ 5/10

ROUTINE 📅 24 Aug 2026, 08:43 PM

Krystal Integrated Services Limited has secured a 5-year work order valued at approximately ₹17.25 crore (excluding applicable taxes) from The Maharashtra Rajya Sahakari Sangh Maryadit, Pune. The scope involves providing manpower services across various districts of Maharashtra from September 01, 2026, to August 31, 2031. Relative to Krystal's TTM revenue of ₹1,315 crore, the total order represents ~1.31% (or ~₹3.45 crore annualized), providing modest but steady long-term revenue visibility.

Work order value of approximately ₹17.25 crore excluding applicable taxes
Contract duration of 5 years spanning from September 01, 2026, to August 31, 2031
Awarded by domestic entity The Maharashtra Rajya Sahakari Sangh Maryadit, Pune
Order value constitutes ~1.31% of TTM revenue (₹1,315 crore)

💡 Track execution commencement from September 1, 2026, and observe subsequent working capital impact and billing collections in upcoming quarters.

Krystal Integrated Services Terminates Investor Relations Contract with Adfactors PR

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Aug 2026, 06:26 PM

Krystal Integrated Services Limited has announced the termination of its service agreement with Adfactors PR Private Limited for investor relations services, effective August 24, 2026. The contract was originally executed on June 17, 2024, and amended on May 2, 2025, following a termination letter issued on June 25, 2026. The company stated the termination is part of an initiative to rationalise its investor relations services. Management confirmed that this decision will have no material impact on the company's business or operations.

Termination of Investor Relations service agreement with Adfactors PR effective end of day August 24, 2026
Agreement was originally executed on June 17, 2024, and amended on May 02, 2025
Company issued the termination notice earlier on June 25, 2026
Management confirms no material impact on operations or business performance

💡 Track the appointment of any new investor relations agency or internal IR team updates in upcoming disclosures.

Krystal Secures Rs 134 Cr 3-Year Facility Management Contract from MSRTC

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 18 Aug 2026, 05:53 PM

Krystal Integrated Services Limited has secured a domestic work order valued at approximately Rs 134 Crore (inclusive of taxes) from Maharashtra State Road Transport Corporation (MSRTC). The contract entails providing Integrated Facility Management Services in Mumbai and Chhatrapati Sambhaji Nagar regions over a 3-year execution period. The total contract value represents approximately 10.2% of the company's TTM revenue of Rs 1,315 Crore (translating to ~Rs 44.7 Crore annually).

Received work order (ST/PM/MKT/1158) valued at approximately Rs 134 Crore including taxes
Awarded by Maharashtra State Road Transport Corporation for a period of 3 years
Scope covers Integrated Facility Management Services across Mumbai and Chhatrapati Sambhaji Nagar
No promoter or related-party interest involved in the contract award

💡 Track the commencement date of operations in Mumbai and Chhatrapati Sambhaji Nagar, and monitor whether execution helps maintain or improve the historical operating profit margin (~6.5%).

Krystal Acquires 100% of Citelum India; Targets ₹300-350 Cr Revenue from New Vertical

🟢 POSITIVE ⭐ 9/10

M&A 📅 12 Aug 2026, 09:45 AM

Krystal Integrated Services has acquired a 100% stake in Citelum India from the French government-owned EDF Group, marking its entry into the City Lighting and Urban Infrastructure segment. The company is targeting an annual revenue of ₹300–350 crore from this new vertical over the next 3–4 years, which represents approximately 23-27% of its current TTM revenue of ₹1,277 crore. Krystal plans to invest ₹100 crore (approx. 20.5% of its net worth) into engineering capabilities and technology platforms to scale operations across 30–40 cities. This acquisition shifts the company's profile toward higher-value, engineering-led infrastructure services including smart metering and EV charging.

Acquired 100% equity stake in Citelum India Private Limited from Citelum S.A.S. (EDF Group, France).
Targeting ₹300–350 crore annual revenue from the new vertical within 3–4 years.
Planned investment of ₹100 crore in engineering, technology, and business expansion.
Citelum India has managed over 3,00,000 lighting points across major Indian states since 2011.
Infrastructure services expected to contribute 12–15% of consolidated revenues in the long term.

💡 Monitor the integration of Citelum's technical team and the pace of the ₹100 crore capital deployment. Investors should watch for upcoming municipal and smart city contract wins as a validation of this new business vertical's scalability.

View All KRYSTAL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations grew 18.11% to INR 1,212.8 Cr in FY 2024-25. The Manpower segment has shown a CAGR of 27.45% over the last 4 years. Corporate segment revenue grew 53% YoY in H1 FY26. Government segment experienced temporary moderation due to procedural delays in tender finalization.

Geographic Revenue Split

Not specifically disclosed by percentage, but the company operates across India with a focus on urban centers and modern residential communities, adding 92 new corporate customers in H1 FY26.

Profitability Margins

Profit After Tax (PAT) margin improved from 4.77% in FY24 to 5.14% in FY25. Operating Profit Margin stood at 6.42% in FY25, a slight decrease from 6.69% in FY24 due to talent investments and new business incubation.

EBITDA Margin

EBITDA margin for FY25 was 6.41% (INR 77.7 Cr), compared to 6.69% (INR 68.7 Cr) in FY24. Q2 FY26 EBITDA margin was maintained at 6.32% despite revenue growth of 6% YoY.

Capital Expenditure

Material consumption costs increased from INR 18 Cr to INR 48 Cr in Q2 FY26, primarily driven by capex rollout for IT/ITES Smart City business projects.

Credit Rating & Borrowing

Credit rating upgraded by CRISIL to 'A-/Stable/A2+' from 'BBB+/Positive/A2'. The company maintains multiple banking relationships to spread credit risk and negotiate flexible credit lines.

⚙️ Operational Drivers

Raw Materials

IT/ITES hardware and equipment (Smart City projects), cleaning chemicals, consumables, and uniforms for facility management staff. Material costs increased by 166% in Q2 FY26 due to project rollouts.

Import Sources

Primarily sourced within India (Maharashtra and other states) to support nationwide service delivery across diverse sectors.

Key Suppliers

Not specifically named, but involves various IT hardware vendors and chemical manufacturers for facility management supplies.

Capacity Expansion

Current workforce capacity is 43,324 on-site employees as of March 31, 2025. Expansion is driven by headcount growth and geographic footprint expansion into new verticals like waste management.

Raw Material Costs

Material cost efficiency improved in FY25, contributing to PAT growth, though Q2 FY26 saw a spike to INR 48 Cr due to specific Smart City business execution.

Manufacturing Efficiency

Service efficiency is measured by average billing realizations, which improved in FY25, and a focus on high-margin tenders over pure volume.

Logistics & Distribution

Distribution costs are integrated into service delivery; the company focuses on multi-location projects which require robust logistical coordination for 43,000+ staff.

📈 Strategic Growth

Expected Growth Rate

27.45%

Growth Strategy

The company is targeting high-margin projects in solid waste and wastewater management. It plans to enter the B2C segment in FY26 and is leveraging its new listing status to participate in large MNC RFPs with 3-year+ tenures.

Products & Services

Integrated Facilities Management (IFMS), staffing solutions, catering services, security services, waste management, and smart city IT/ITES solutions.

Brand Portfolio

Krystal, Krystal Gourmet, Flames Facilities, Taskmaster.

New Products/Services

Solid waste management, wastewater treatment, and B2C facility management services expected to launch in FY26.

Market Expansion

Expanding geographic footprint across India, specifically targeting modern residential communities and MNC corporate offices.

Market Share & Ranking

Positioned as a leading integrated service provider in India; specific market share % not disclosed but revenue grew 18.11% YoY.

Strategic Alliances

Krystal-Aqua chem JV (share of profit INR 1.84M in FY25).

🌍 External Factors

Industry Trends

Shift toward standardized, verified manpower in residential and corporate sectors. The industry is evolving toward technology-driven and sustainable facility management.

Competitive Landscape

Faces intense competition from both organized and unorganized players; mitigates this by avoiding low-margin 'volume-only' bidding.

Competitive Moat

Moat includes a massive workforce of 43,324 employees, a 20-year track record, and 'listing status' which acts as a credential for large-scale MNC and government RFPs.

Macro Economic Sensitivity

Sensitive to urbanization rates and infrastructure spending; demand for professional facility management rises with economic development.

Consumer Behavior

Increasing preference for integrated, high-quality solutions in modern residential communities and corporate hubs.

Geopolitical Risks

Minimal direct impact due to domestic focus, though global MNC client behavior is influenced by international economic sentiment.

⚖️ Regulatory & Governance

Industry Regulations

Subject to labor laws, minimum wage regulations, and contract labor acts across various Indian states.

Environmental Compliance

Expanding into waste and wastewater management requires adherence to environmental norms, which the company is positioning as a growth opportunity.

Taxation Policy Impact

Effective tax rate reflected in PAT of INR 62.3 Cr on EBITDA of INR 77.7 Cr.

Legal Contingencies

The company faces risks from legal disputes and contingent liabilities, though specific INR values for pending court cases were not disclosed in the provided text.

⚠️ Risk Analysis

Key Uncertainties

Manpower attrition and dependence on a large workforce (43,324 staff) pose operational risks. Procedural delays in government tenders can impact short-term revenue timing.