SKL — Shri Krishana Overseas PLC
Graham's number is √(22.5 × EPS × BVPS): a P/E ceiling of 15 times a P/B ceiling of 1.5, applied to one year's earnings and book value. The Graham number primer works through it. It is a computation, not a recommendation.
Tests: Graham's criteria for industrial companies. Shri Krishana Overseas manufactures corrugated boxes at Athi River for the floriculture, dairy, edible oils, pharmaceutical and confectionery trades, so Graham's industrial tests apply: sales for size, and the current ratio and long-term debt against working capital for strength. It listed by introduction on the NSE's SME segment in July 2025 and the profile holds one year: the results for the year ended 31 December 2025 are the only set it has published as a listed company. Per-share figures rest on 50,500,000 shares, being the 10,100,000 shillings of share capital over the KES 0.20 par value the NSE price list states. The earnings per share the company prints, 4.10, does not use that count — it implies 1,010,000 shares, the pre-listing register of KES 10 shares — so earnings per share here are restated as profit over the listed count. Working capital is negative and a 117.9m shilling facility funds the Kissaju plant, so the strength tests are the ones to watch. Earnings per share is withheld pending manual review: the statements print 4.10, struck on the 1,010,000 shares of the pre-listing register, while the NSE lists 50,500,000 shares of KShs 0.20, which the share capital of 10,100,000 shillings matches. The two cannot both be right, and this profile does not overrule the published figure; without earnings there is no Graham number.
Showing FY2025
√(22.5 × × 1.45) =
The Graham number for FY2025, from that year's EPS and BVPS. Tap a figure below for its source and date.
The figures
Per share (KES)
- Earnings (EPS)
- Not compiled
- Book value (BVPS)
1.45
ordinary share capital 10,100,000, revaluation surplus 38,955,302 and accumulated profits 24,002,543; the company reports no subsidiaries and no non-controlling interests · attributable · computed: total equity 73,057,845 shillings ÷ 50,500,000 shares, Financial statements for the year ended 31 Dec 2025, balance sheet · 4 May 2026
- Dividend (DPS)
- Not compiled
- Price on results day
8.98
NSE daily price list VWAP, the exchange's official end-of-day price. The statements carry no board approval or signature date and the PDF was created on 30 Apr 2026 at 21:58, after the market closed; 1 May is a public holiday in Kenya and the exchange published no price list that day, so the first trading day after is Monday 4 May 2026 · NSE daily price list 2026-05-04, p.2 · 4 May 2026
Size and balance sheet (KES m)
- Revenue
351.1
revenue of 351,093,966 shillings, up 13.5% from 309,864,386, with the bulk of the growth in the fourth quarter; gross profit fell 10% to 87,823,540 on higher input costs · Financial statements for the year ended 31 Dec 2025, profit and loss account · 4 May 2026
- Current assets
234.5
inventory 62,469,885, trade and other receivables 164,129,456, cash at bank and in hand 7,225,241 and current tax receivable 715,701 · Financial statements for the year ended 31 Dec 2025, balance sheet · 4 May 2026
- Current liabilities
261.3
trade and other payables 213,867,871, current borrowings 42,371,333 and current tax payable 5,048,229; the company states net current assets of negative 26,747,150 · Financial statements for the year ended 31 Dec 2025, balance sheet · 4 May 2026
- Long-term debt
120.0
non-current borrowings of 120,000,557 shillings as broken out, up from 71,884,251; deferred tax of 3,606,765 sits outside this figure. The company says a long-term loan facility of 117.9m part-funds the Kissaju plant, where capital work in progress stood at 131.9m at the year end · Financial statements for the year ended 31 Dec 2025, balance sheet and outlook commentary · 4 May 2026
- KES per US$
129.18
CBK daily exchange rates (mean) · 4 May 2026
Computed
- EPS, three-year average
- Not compiled
- P/E on three-year EPS
- Not compiled
- P/B
6.19
computed: price ÷ BVPS · 4 May 2026
- Dividend yield
- Not compiled
- Current ratio
0.90
computed: current assets ÷ current liabilities · 4 May 2026
- Price ÷ Graham number
- Not compiled
- Discount to Graham number
- Not compiled
Graham's tests
- Not metAdequate size
Revenue of at least US$100m
Adequate sizeNot met
Revenue of at least US$100m
- Revenue KES 351.1m ÷ 129.18 KES per US$ = US$2.7m
- US$2.7m against a floor of US$100mfalls short
- Not metFinancial strength
Current ratio of at least 2; long-term debt no more than working capital
Financial strengthNot met
Current ratio of at least 2; long-term debt no more than working capital
- Current ratio: 234.5 ÷ 261.3 = 0.90, against a minimum of 2.00falls short
- Working capital: 234.5 − 261.3 = −26.8
- Long-term debt 120.0 against working capital of −26.8falls short
- No result: data not compiledEarnings stability
Positive EPS in each of the past 10 years
Earnings stabilityNo result: data not compiled
Positive EPS in each of the past 10 years
EPS positive in 0 of 10 years
- FY2016
- not held
- not held
- FY2017
- not held
- not held
- FY2018
- not held
- not held
- FY2019
- not held
- not held
- FY2020
- not held
- not held
- FY2021
- not held
- not held
- FY2022
- not held
- not held
- FY2023
- not held
- not held
- FY2024
- not held
- not held
- FY2025
- not held
- not held
Still needed: EPS for FY2016, EPS for FY2017, EPS for FY2018, EPS for FY2019, EPS for FY2020, EPS for FY2021, EPS for FY2022, EPS for FY2023, EPS for FY2024, EPS for FY2025.
- No result: data not compiledDividend record
A dividend paid in each of the past 20 years
Dividend recordNo result: data not compiled
A dividend paid in each of the past 20 years
Dividend paid in 0 of 20 years (FY2006–FY2025)
Still needed: DPS for FY2006, DPS for FY2007, DPS for FY2008, DPS for FY2009, DPS for FY2010, DPS for FY2011, DPS for FY2012, DPS for FY2013, DPS for FY2014, DPS for FY2015, DPS for FY2016, DPS for FY2017, DPS for FY2018, DPS for FY2019, DPS for FY2020, DPS for FY2021, DPS for FY2022, DPS for FY2023, DPS for FY2024, DPS for FY2025.
- No result: data not compiledEarnings growth
EPS up at least one-third over 10 years, on three-year averages
Earnings growthNo result: data not compiled
EPS up at least one-third over 10 years, on three-year averages
- FY2016
- not held
- not held
- FY2017
- not held
- not held
- FY2018
- not held
- not held
- FY2023
- not held
- not held
- FY2024
- not held
- not held
- FY2025
- not held
- not held
Still needed: EPS for FY2016, EPS for FY2017, EPS for FY2018, EPS for FY2023, EPS for FY2024, EPS for FY2025.
- No result: data not compiledModerate P/E
Price no more than 15 × three-year average EPS
Moderate P/ENo result: data not compiled
Price no more than 15 × three-year average EPS
Still needed: EPS for FY2023, EPS for FY2024, EPS for FY2025.
- No result: data not compiledModerate P/B
Price no more than 1.5 × BVPS, or P/E × P/B no more than 22.5
Moderate P/BNo result: data not compiled
Price no more than 1.5 × BVPS, or P/E × P/B no more than 22.5
- Price 8.98 ÷ BVPS 1.45 = 6.19
- 6.19 against a ceiling of 1.5falls short
Still needed: EPS for FY2023, EPS for FY2024, EPS for FY2025.
Sources and notes
- Book value (BVPS): attributable · computed: total equity 73,057,845 shillings ÷ 50,500,000 shares, Financial statements for the year ended 31 Dec 2025, balance sheet · 4 May 2026 (ordinary share capital 10,100,000, revaluation surplus 38,955,302 and accumulated profits 24,002,543; the company reports no subsidiaries and no non-controlling interests)
- Price on results day: NSE daily price list 2026-05-04, p.2 · 4 May 2026 (NSE daily price list VWAP, the exchange's official end-of-day price. The statements carry no board approval or signature date and the PDF was created on 30 Apr 2026 at 21:58, after the market closed; 1 May is a public holiday in Kenya and the exchange published no price list that day, so the first trading day after is Monday 4 May 2026)
- Revenue: Financial statements for the year ended 31 Dec 2025, profit and loss account · 4 May 2026 (revenue of 351,093,966 shillings, up 13.5% from 309,864,386, with the bulk of the growth in the fourth quarter; gross profit fell 10% to 87,823,540 on higher input costs)
- Current assets: Financial statements for the year ended 31 Dec 2025, balance sheet · 4 May 2026 (inventory 62,469,885, trade and other receivables 164,129,456, cash at bank and in hand 7,225,241 and current tax receivable 715,701)
- Current liabilities: Financial statements for the year ended 31 Dec 2025, balance sheet · 4 May 2026 (trade and other payables 213,867,871, current borrowings 42,371,333 and current tax payable 5,048,229; the company states net current assets of negative 26,747,150)
- Long-term debt: Financial statements for the year ended 31 Dec 2025, balance sheet and outlook commentary · 4 May 2026 (non-current borrowings of 120,000,557 shillings as broken out, up from 71,884,251; deferred tax of 3,606,765 sits outside this figure. The company says a long-term loan facility of 117.9m part-funds the Kissaju plant, where capital work in progress stood at 131.9m at the year end)
- KES per US$: CBK daily exchange rates (mean) · 4 May 2026