Kalyani Forge Ltd
KALYANIFRG NSE
Kalyani Forge Ltd
Industrial ProductsNSE: KALYANIFRG BSE: 513509 Castings & Forgings
Key Fundamentals
MicrocapCastings & ForgingsIndustrial ProductsMarket Cap
₹241 Cr
Volatility
Moderate
P/E Ratio
18.9
EBITDA
₹28.00 Cr
Return on Equity
9.27%
Debt to Equity
1.1
Book Value
₹262.47
52W High
₹849.65
52W Low
₹523.6
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kalyani Forge Ltd insights
38 extracted metrics + investor summaries across FY13–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company has delivered good profit growth of 55.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.0%
Weaknesses
3- The company has delivered a poor sales growth of 5.35% over past five years.
- Company has a low return on equity of 8.60% over last 3 years.
- Company has high debtors of 160 days.
Growth Rate
Revenue Growth
-1.91% ↘
Net Income Growth
39.04% ↗
Cash Flow Change
118.30% ↗
ROE
67.03% ↗
ROCE
61.04% ↗
EBITDA Margin (Avg.)
5.95% ↘
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 59.35 | 60.91 | 59.7 | 56.82 | 56.74 | 62.33 | 58.62 | 58.95 | 64.13 | 55.67 | 57.86 | 56.98 | 66.8 |
| Expenses | 54.24 | 56.22 | 56.81 | 55.65 | 52.93 | 54.56 | 52.54 | 52.59 | 58.18 | 49.12 | 49.1 | 50.25 | 56.19 |
| Operating Profit | 5.11 | 4.69 | 2.89 | 1.17 | 3.81 | 7.77 | 6.08 | 6.36 | 5.95 | 6.55 | 8.76 | 6.73 | 10.61 |
| OPM % | 8.61% | 7.7% | 4.84% | 2.06% | 6.71% | 12.47% | 10.37% | 10.79% | 9.28% | 11.77% | 15.14% | 11.81% | 15.88% |
| Other Income | 0.32 | 1.08 | 1.76 | 1.21 | 0.86 | 0.52 | 0.75 | 0.38 | 0.39 | 0.56 | 0.36 | 2.27 | 0.28 |
| Interest | 1.21 | 1.45 | 1.75 | 1.49 | 1.45 | 1.58 | 1.96 | 2.06 | 2.27 | 2.43 | 2.71 | 0.24 | 1.73 |
| Depreciation | 2.53 | 2.72 | 1.25 | -0.29 | 1.84 | 1.91 | 2.08 | 2.04 | 2.04 | 2.41 | 2.46 | 2.63 | 3.01 |
| PBT | 1.69 | 1.6 | 1.65 | 1.18 | 1.38 | 4.8 | 2.79 | 2.64 | 2.03 | 2.27 | 3.95 | 6.13 | 6.15 |
| Tax % | 39.05% | 18.12% | 7.88% | 40.68% | 74.64% | 18.33% | 34.77% | 15.91% | 30.54% | 5.29% | 103.04% | 4.08% | 27.15% |
| Net Profit | 1.03 | 1.3 | 1.51 | 0.71 | 0.35 | 3.92 | 1.82 | 2.23 | 1.41 | 2.15 | -0.12 | 5.88 | 4.48 |
| EPS in Rs | 2.83 | 3.57 | 4.15 | 1.95 | 0.96 | 10.78 | 5 | 6.13 | 3.88 | 5.91 | -0.33 | 16.16 | 12.31 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 241 | 231 | 227 | 259 | 286 | 201 | 181 | 246 | 264 | 237 | 237 | 235 | 237 |
| Expenses | 226 | 215 | 212 | 237 | 261 | 193 | 168 | 228 | 254 | 223 | 213 | 207 | 205 |
| Operating Profit | 14 | 16 | 15 | 22 | 26 | 8 | 13 | 19 | 11 | 14 | 24 | 28 | 33 |
| OPM % | 6% | 7% | 7% | 8% | 9% | 4.2% | 7% | 8% | 4% | 6% | 10% | 12% | 14% |
| Other Income | 2 | 3 | 5 | 7 | 6 | 3 | 1 | 1 | 5 | 4 | 3 | 4 | 3 |
| Interest | 6 | 5 | 4 | 6 | 8 | 5 | 3 | 4 | 3 | 6 | 7 | 8 | 7 |
| Depreciation | 13 | 12 | 10 | 13 | 15 | 14 | 13 | 12 | 11 | 6 | 8 | 10 | 11 |
| PBT | -3 | 2 | 5 | 9 | 10 | -8 | -2 | 4 | 1 | 6 | 12 | 14 | 18 |
| Tax % | -24% | 46% | 33% | 29% | 28% | -15% | -15% | 22% | 113% | 19% | 28% | 35% | — |
| Net Profit | -2 | 1 | 3 | 7 | 7 | -7 | -2 | 3 | 0 | 5 | 8 | 9 | 12 |
| EPS in Rs | -6.21 | 3.02 | 9.57 | 18.03 | 19.13 | -19.05 | -4.84 | 8.6 | -0.49 | 12.51 | 22.84 | 25.62 | 34.05 |
| Div. Payout % | 0% | 66% | 21% | 19% | 21% | -5% | -31% | 35% | -607% | 24% | 18% | 16% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 94 | 94 | 98 | 103 | 108 | 98 | 97 | 99 | 74 | 78 | 86 | 92 |
| Borrowings | 47 | 41 | 63 | 63 | 47 | 31 | 27 | 26 | 38 | 61 | 72 | 106 |
| Other Liabilities | 57 | 60 | 71 | 65 | 69 | 51 | 56 | 54 | 65 | 62 | 69 | 50 |
| Total Liabilities | 201 | 199 | 236 | 235 | 227 | 184 | 183 | 183 | 181 | 205 | 230 | 251 |
| Fixed Assets | 61 | 64 | 60 | 84 | 78 | 65 | 53 | 44 | 39 | 56 | 61 | 90 |
| CWIP | 17 | 8 | 30 | 5 | 0 | 1 | 1 | 2 | 3 | 5 | 15 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 123 | 127 | 147 | 146 | 148 | 118 | 129 | 137 | 138 | 143 | 154 | 152 |
| Total Assets | 201 | 199 | 236 | 235 | 227 | 184 | 183 | 183 | 181 | 205 | 230 | 251 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 25 | 19 | 15 | 12 | 30 | 24 | 7 | 11 | -2 | 10 | 22 | 7 |
| Investing | -2 | -5 | -41 | -2 | -7 | -1 | -1 | -4 | -6 | -26 | -24 | -33 |
| Financing | -20 | -11 | 19 | -8 | -25 | -23 | -7 | -5 | 8 | 16 | 3 | 25 |
| Net Cash Flow | 3 | 3 | -7 | 2 | -2 | 0 | -1 | 2 | -1 | 0 | 0 | -1 |
| Free Cash Flow | 24 | 14 | -26 | 10 | 23 | 23 | 6 | 7 | -8 | -16 | -3 | -26 |
| CFO/OP | 186 | 128 | 118 | 68 | 114 | 304 | 58 | 68 | -8 | 89 | 92 | 37 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 98 | 99 | 99 | 96 | 103 | 135 | 108 | 103 | 95 | 125 | 160 |
| Inventory Days | 96 | 117 | 156 | 139 | 123 | 143 | 178 | 135 | 114 | 180 | 186 | 129 |
| Days Payable | 118 | 128 | 146 | 143 | 122 | 123 | 141 | 95 | 107 | 146 | 166 | 104 |
| Cash Conversion Cycle | 70 | 87 | 109 | 94 | 97 | 123 | 172 | 148 | 110 | 129 | 144 | 185 |
| Working Capital Days | 34 | 29 | 18 | 36 | 42 | 53 | 85 | 74 | 44 | 53 | 38 | 52 |
| ROCE % | 2% | 5% | 6% | 9% | 10% | -2% | 1% | 6% | 4% | 9% | 12% | 12% |
Documents
1
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
6 Mar - Postal ballot passed on March 5, 2026; Viswanathan Swaminathan appointed Independent Director. 6 Mar - Postal ballot passed on March 5, 2026; Viswanathan Swaminathan appointed Independent Director.
2
Announcement under Regulation 30 (LODR)-Investor Presentation
12 Feb - Kalyani Forge Limited has informed about the Investor Presentation for Quarter ended on December 31, 2025 12 Feb - Kalyani Forge Limited has informed about the Investor Presentation for Quarter ended on December 31, 2025
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Feb - Video recording of analyst/investor conference call on February 12, 2026 available on company's website. 12 Feb - Video recording of analyst/investor conference call on February 12, 2026 available on company's website.
4
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 Feb - Kalyani Forge Limited has informed about the Transcript 17 Feb - Kalyani Forge Limited has informed about the Transcript
5
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
21 Feb - Ms. Aishwarya Parwal resigns as Company Secretary & Compliance Officer due to relocation, effective February 21, 2026. 21 Feb - Ms. Aishwarya Parwal resigns as Company Secretary & Compliance Officer due to relocation, effective February 21, 2026.
Frequently Asked Questions about Kalyani Forge Ltd
What does Kalyani Forge Ltd do?
Incorporated in 1979, Kalyani Forge Ltd manufactures high-quality, hot-warm and cold-forged products[1]
Where is Kalyani Forge Ltd (KALYANIFRG) listed?
Kalyani Forge Ltd is listed on the Indian stock exchanges. It is listed on NSE: KALYANIFRG and BSE: 513509. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Kalyani Forge Ltd belong to?
Kalyani Forge Ltd operates in the Industrial Products sector within the Castings & Forgings industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Kalyani Forge Ltd?
Kalyani Forge Ltd has a market capitalisation of approximately ₹241.07 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Kalyani Forge Ltd?
The Price-to-Earnings (PE) ratio of Kalyani Forge Ltd is 18.90. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Kalyani Forge Ltd?
Over the past 52 weeks, Kalyani Forge Ltd has traded between a low of ₹523.6 and a high of ₹849.65. This range helps investors understand the stock's price volatility and recent trading levels.
Does Kalyani Forge Ltd pay dividends?
Yes, Kalyani Forge Ltd has a dividend yield of 0.60%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Kalyani Forge Ltd?
Kalyani Forge Ltd has a Return on Equity (ROE) of 9.27%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Kalyani Forge Ltd on Tapetide?
On Tapetide, you can view Kalyani Forge Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1979, Kalyani Forge Ltd manufactures high-quality, hot-warm and cold-forged products[1]
Website kalyaniforge.co.in
CEO Ms. Rohini Gaurishankar Kalyani B.Sc.
Employees 723
Listed 2007-12-20
Face Value ₹ 10
Issued Size 36,38,000