---
title: "Kalindee Rail Nirman (Engineers) Ltd(Merged) (KALINDEE) — Share Price, Financials & Analysis"
symbol: "KALINDEE"
company: "Kalindee Rail Nirman (Engineers) Ltd(Merged)"
canonical: "https://tapetide.com/stocks/KALINDEE"
isin: "INE178D01010"
nse_symbol: "KALINDEE"
generated_at: "2026-10-13T10:59:13.229Z"
---

# Kalindee Rail Nirman (Engineers) Ltd(Merged) (KALINDEE)

Canonical page: https://tapetide.com/stocks/KALINDEE

## Company

- **NSE Symbol:** KALINDEE
- **ISIN:** INE178D01010
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kalindee.net

## About

Kalindee Rail Nirman (Engineers) is an India-based engineering, procurement and construction (EPC) company for railway sector. The Company serves metro rail systems and industrial units.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.1% over past five years.
- Company has a low return on equity of 0.12% over last 3 years.
- Company has high debtors of 212 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 128% | -53% | -34% |
| revenue growth | 16% | 13% | 10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 72.31 | 101.17 | 47.95 | 65.39 | 80.93 | 118.45 | 73.71 | 82.76 | 90.62 | 125.76 | 67.67 | 128.36 |
| Expenses | 72.47 | 93.85 | 45.02 | 57.82 | 75.47 | 130.26 | 67.44 | 82.12 | 80.5 | 108.79 | 64.15 | 118.75 |
| Operating Profit | -0.16 | 7.32 | 2.93 | 7.57 | 5.46 | -11.81 | 6.27 | 0.64 | 10.12 | 16.97 | 3.52 | 9.61 |
| OPM % | -0.22 | 7.24 | 6.11 | 11.58 | 6.75 | -9.97 | 8.51 | 0.77 | 11.17 | 13.49 | 5.2 | 7.49 |
| Other Income | 1.09 | 2.65 | 0.49 | 1.96 | 0.76 | 3.97 | 0.27 | 0.35 | 0.6 | 2.74 | 0.48 | 1.04 |
| Interest | 5.76 | 0.72 | 4.5 | 6.64 | 5.43 | 7.14 | 7.62 | 8.57 | 9.26 | 9.15 | 9.05 | 8.89 |
| Depreciation | 0.23 | 0.7 | 0.46 | 0.55 | 0.56 | 0.24 | 0.49 | 0.53 | 0.52 | 0.54 | 0.55 | 0.61 |
| Profit before tax | -5.06 | 8.55 | -1.54 | 2.34 | 0.23 | -15.22 | -1.57 | -8.11 | 0.94 | 10.02 | -5.6 | 1.15 |
| Tax % | 0 | -47.84 | 0 | 0 | 0 | -29.24 | -1.27 | 0.25 | 0 | 2.59 | 0 | 0 |
| Net Profit | -5.06 | 12.65 | -1.53 | 2.34 | 0.23 | -10.77 | -1.55 | -8.14 | 0.94 | 9.76 | -5.59 | 1.15 |
| EPS in Rs | -3.07 | 7.67 | -0.93 | 1.42 | 0.14 | -6.53 | -0.94 | -4.93 | 0.57 | 5.92 | -3.39 | 0.7 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 246 | 281 | 162 | 230 | 244 | 257 | 254 | 309 | 372 | 412 |
| Expenses | 221 | 254 | 145 | 208 | 219 | 228 | 251 | 292 | 339 | 372 |
| Operating Profit | 25 | 28 | 18 | 22 | 26 | 30 | 3 | 16 | 33 | 40 |
| OPM % | 10 | 10 | 11 | 10 | 10 | 12 | 1 | 5 | 9 | 10 |
| Other Income | 2 | 1 | 4 | 3 | 3 | 3 | 6 | -5 | 5 | 5 |
| Interest | 6 | 11 | 11 | 11 | 15 | 19 | 18 | 24 | 35 | 36 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 21 | 16 | 9 | 12 | 11 | 12 | -11 | -14 | 1 | 7 |
| Tax % | 33 | 35 | 36 | 44 | 33 | 34 | -37 | -31 | 23 | — |
| Net Profit | 14 | 10 | 5 | 7 | 8 | 8 | -7 | -10 | 1 | 6 |
| EPS in Rs | 13.29 | 9.32 | 4.49 | 5.64 | 6.19 | 6.52 | -4.31 | -5.9 | 0.52 | 3.8 |
| Dividend Payout % | 8 | 0 | 0 | 18 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 11 | 11 | 12 | 12 | 12 | 12 | 17 | 17 | 17 |
| Reserves | 59 | 75 | 92 | 114 | 123 | 132 | 140 | 156 | 146 | 92 |
| Borrowings | 54 | 76 | 82 | 66 | 57 | 90 | 109 | 101 | 180 | 256 |
| Other Liabilities | 41 | 48 | 38 | 34 | 57 | 47 | 52 | 80 | 105 | 112 |
| Total Liabilities | 165 | 210 | 223 | 227 | 248 | 281 | 313 | 353 | 448 | 477 |
| Fixed Assets | 7 | 17 | 17 | 16 | 16 | 19 | 18 | 16 | 15 | 15 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 158 | 193 | 206 | 210 | 232 | 262 | 295 | 337 | 432 | 462 |
| Total Assets | 165 | 210 | 223 | 227 | 248 | 281 | 313 | 353 | 448 | 477 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -6 | -34 | 0 | 3 | 17 | -14 | -3 | -4 | -60 | -47 |
| Cash from Investing Activity | -6 | -15 | -1 | -1 | -1 | -3 | -9 | 3 | 4 | 4 |
| Cash from Financing Activity | 55 | 24 | 5 | -8 | -14 | 21 | 5 | 7 | 56 | 43 |
| Net Cash Flow | 43 | -25 | 4 | -6 | 2 | 5 | -7 | 7 | -1 | 0 |
| Free Cash Flow | -7 | -45 | -2 | 2 | 15 | -18 | -5 | -4 | -61 | -49 |
| CFO/OP | -3 | -108 | 19 | 33 | 95 | -39 | 3 | 266 | -343 | -132 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 79 | 51 | 63 | 120 | 84 | 141 | 137 | 230 | 289 | 212 |
| Inventory Days | 189 | 267 | 275 | 465 | 267 | 170 | 299 | 120 | 62 | 29 |
| Days Payable | 25 | 54 | 54 | 100 | 124 | 84 | 60 | 104 | 127 | 117 |
| Cash Conversion Cycle | 243 | 263 | 283 | 485 | 227 | 227 | 376 | 246 | 225 | 124 |
| Working Capital Days | 129 | 178 | 181 | 340 | 234 | 271 | 292 | 233 | 272 | 239 |
| ROCE % | 22 | 19 | 16 | 11 | 12 | 13 | 13 | 3 | 8 | 10 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 42.87% |
| FIIs | 0.19% |
| DIIs | 0.13% |
| Public | 56.81% |
| No. of Shareholders | 30406 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 42.87% | 42.87% | 42.87% |
| FIIs | 2.01% | 2.01% | 0.19% |
| DIIs | 0.12% | 0.13% | 0.13% |
| Public | 55% | 55% | 56.81% |
| No. of Shareholders | 29770 | 29594 | 30406 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 7 / 5 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10.57 | Sell |
| EMA (10) | 10.22 | Sell |
| SMA (20) | 9.96 | Sell |
| EMA (20) | 10.11 | Sell |
| SMA (50) | 9.97 | Sell |
| EMA (50) | 9.85 | Sell |
| SMA (100) | 9.2 | Buy |
| EMA (100) | 9.01 | Buy |
| SMA (200) | 6.74 | Buy |
| EMA (200) | 7.41 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.81 | Neutral |
| MACD (12,26,9) | 0.14 | Sell |
| Stochastic (14,3,3) | 50.59 | Neutral |
| ADX (14) | 21.55 | Neutral |
| Williams %R (14) | -57.25 | Neutral |
| ATR (14) | 0.32 | High Volatility |
| ROC (12) | 7.69 | Buy |
| Stoch RSI (14) | 17.84 | Buy |
| UO (7,14,28) | 23.71 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2017-02-01 | [Fixes Record Date for Scheme of Amalgamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B0FE05F9_0139_4AB4_A481_E3D4C8501E65_111440.pdf) |
| 2017-02-01 | [Fixes Record Date for Scheme of Amalgamation](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/B0FE05F9_0139_4AB4_A481_E3D4C8501E65_111440.pdf) |
| 2017-01-27 | [Receipt of Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1894579A_F3C3_4EC8_B591_041D1C7D836A_164204.pdf) |
| 2017-01-27 | [Receipt of Order](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/1894579A_F3C3_4EC8_B591_041D1C7D836A_164204.pdf) |
| 2017-01-23 | [Board Meeting on Jan 30, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=DC7AC493_6611_41AD_9491_70A639478205_120908.pdf) |
| 2017-01-23 | [Board Meeting on Jan 30, 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/DC7AC493_6611_41AD_9491_70A639478205_120908.pdf) |
| 2017-01-20 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C1A38BEA_34A7_474C_A82D_370E75010B58_193048.pdf) |
| 2017-01-20 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/C1A38BEA_34A7_474C_A82D_370E75010B58_193048.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/522259/5222590316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/522259/5222590315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/522259/5222590314.pdf) |
| 2013 | [Annual Report 2013](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2013/KALINDEE_RAIL_NIRMAN_ENGINEERS_LTD-522259-MARCH-2013.PDF) |
| 2012 | [Annual Report 2012](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2012/KALINDEE_RAIL_NIRMAN_ENGINEERS_LTD-522259-MARCH-2012.PDF) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/522259/5222590311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_KALINDEE_2010_2011_08092011022426.zip) |
| 2010 | [Annual Report 2010](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2010/KALINDEE_RAIL_NIRMAN_ENGINEERS_LTD-522259-MARCH-2010.PDF) |
| 2009 | [Annual Report 2009](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/KALINDEE_RAIL_NIRMAN_ENGINEERS_LTD-522259-MARCH-2009.PDF) |
| 2009 | [Annual Report 2009](https://archives.nseindia.com/annual_reports/AR_KALINDEE_2008_2009_22092009164500.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:13.229Z.