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Kalyani Forge Limited

NSE: KALYANIFRG · Unclassified

₹876.75-5.00%06 Nov 2026

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Instant answers about Kalyani Forge Limited — computed from its filings, no language model
Market cap₹159 cr
Current price₹876.75
High / Low₹1,125 / ₹534
P/E12.9
P/B1.58
Book value₹554.0
ROE12.3%
ROCE11.5%
Debt / equity1.22
Dividend yield0.91%
EPS (TTM)₹68.20
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 8 periods
FY19FY20FY21FY22FY23FY24FY25FY26
Revenue286.4200.9180.8246.5266.7236.8236.6234.6
EBITDA25.88.412.118.714.513.924.028.0
Operating margin9.0%4.2%6.7%7.6%5.4%5.9%10.1%11.9%
Interest7.65.42.83.63.45.97.07.7
Depreciation15.013.912.812.311.26.27.99.6
Profit before tax9.6-8.1-2.14.05.15.611.614.4
Tax2.7-1.2-0.30.91.51.13.35.0
Net profit0.0-6.9-1.83.13.64.58.39.3
EPS ₹19.14-19.05-4.848.619.2912.5122.8625.60
Operating cash flow———11.1-2.510.025.27.5
Capex———0.00.026.024.433.1
Dividend paid———0.80.81.11.01.4
Total assets————205.8204.8230.3251.5
Equity————105.582.089.795.5

Quarterly performance

last 35 quarters · ₹ crore
showing latest 8 of 35 periods
MAR '17MAR '18JUN '18SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue60.869.270.178.272.265.966.653.834.146.617.840.056.166.956.062.961.166.458.673.564.459.460.959.756.856.762.358.659.064.155.757.957.066.854.5
Operating profit-1.17.67.47.37.23.85.24.80.5-2.11.30.75.44.74.55.54.74.02.71.64.35.14.72.91.23.87.86.16.46.06.58.86.710.67.5
Operating margin-1.8%10.9%10.6%9.3%10.0%5.8%7.8%8.8%1.4%-4.4%7.3%1.7%9.6%7.0%8.0%8.8%7.7%6.0%4.6%2.2%6.7%8.6%7.7%4.8%2.1%6.7%12.5%10.4%10.8%9.3%11.8%15.1%11.8%15.9%13.8%
Other income3.03.00.11.61.03.81.10.80.60.30.30.40.70.10.20.10.10.81.91.91.90.30.61.81.20.90.50.80.40.40.60.42.30.30.2
Interest0.51.61.82.21.12.41.91.31.11.10.50.61.20.50.71.10.81.10.70.61.01.21.41.81.51.41.62.02.12.32.42.70.21.71.5
Depreciation2.53.63.73.83.83.83.63.63.43.33.33.23.23.13.13.13.13.03.13.02.52.52.71.2-0.31.81.92.12.02.02.42.52.63.03.0
Profit before tax-1.15.32.03.03.31.40.80.6-3.4-6.2-2.2-2.71.81.10.91.51.00.70.7-1.92.71.71.11.61.21.44.82.82.62.02.34.06.16.23.2
Tax-0.31.30.60.61.40.00.30.2-0.7-1.0-0.5-0.5-0.81.40.10.40.5-0.1-0.5-0.81.90.7-0.20.10.51.00.91.00.40.60.14.10.21.71.1
Net profit0.00.00.00.00.00.00.00.4-2.6-5.2-1.7-2.32.6-0.40.81.10.50.81.1-1.10.81.01.31.50.70.33.91.82.21.42.1-0.15.94.52.2
EPS ₹-0.0511.023.846.385.283.671.371.08-7.29-14.204.62-6.297.05-0.992.193.001.332.093.17-2.972.092.843.584.161.940.9610.785.006.123.875.91-0.3316.1712.3111.88
Revenue YoY—13.9%———-4.8%-5.0%-31.2%-52.8%-29.4%-73.3%-25.6%64.7%43.6%214.9%57.2%9.0%-0.7%4.7%16.9%-3.0%1.2%-17.2%—-11.8%-4.4%2.3%-1.8%3.7%13.0%-10.7%-1.3%-3.3%4.2%-2.2%
Profit YoY———————————-687.2%————-81.3%—43.7%-199.1%0.0%-10.4%——-6.6%-66.0%201.5%20.5%214.1%302.9%-45.2%-106.6%163.7%217.7%0.5%

Earlier results (standalone, Sep '07 – Dec '16)

₹ crore · from BSE, before the NSE XBRL filings begin

Kalyani Forge Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

FY10†FY11†FY12†FY13†FY14†FY15†FY16†
Revenue165.2235.7278.1260.3205.5239.9230.9
Operating profit17.123.839.631.822.914.240.0
Operating margin10.4%10.1%14.2%12.2%11.1%5.9%17.3%
Other income4.23.71.21.62.31.82.8
Interest4.96.29.16.94.55.84.5
Depreciation10.511.211.912.813.513.136.4
Profit before tax5.910.219.813.77.2-3.02.0
Tax2.63.76.44.92.4-0.70.9
Net profit3.36.513.48.84.8-2.31.1

Quarters

showing latest 8 of 36 periods
SEP '07†DEC '07†JUN '08†SEP '08†DEC '08†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†
Revenue45.848.949.146.937.136.538.344.046.547.860.559.867.664.571.170.472.273.573.162.051.656.053.548.048.055.366.458.759.554.766.554.954.854.162.056.0
Operating profit4.66.94.31.41.44.83.95.13.35.27.06.55.19.811.411.17.311.19.96.74.18.16.74.33.84.74.91.92.64.518.64.212.84.96.44.8
Operating margin10.0%14.1%8.8%3.1%3.8%13.3%10.2%11.7%7.0%10.9%11.6%10.8%7.5%15.2%16.1%15.7%10.1%15.1%13.5%10.8%8.0%14.4%12.5%8.9%8.0%8.6%7.4%3.3%4.4%8.1%28.0%7.7%23.3%9.1%10.3%8.5%
Other income0.10.30.50.50.20.30.30.53.00.40.50.32.50.20.40.20.40.20.50.30.60.60.40.60.80.20.10.51.10.60.31.00.90.20.21.0
Interest0.91.31.21.51.21.11.21.21.31.21.21.72.12.03.12.31.81.71.92.01.21.11.40.81.21.11.11.62.01.21.21.11.00.91.20.9
Depreciation2.12.12.32.32.22.52.52.72.82.82.82.92.82.92.93.03.13.13.23.23.33.43.43.43.33.43.43.43.03.016.12.914.42.72.62.5
Profit before tax1.73.81.3-1.9-1.81.50.41.72.21.63.52.32.85.25.95.92.86.45.31.80.24.12.20.60.20.40.4-2.5-1.30.91.61.2-1.71.52.72.4
Tax0.61.30.5-0.60.00.60.10.61.30.41.30.81.31.71.91.90.92.11.80.60.31.40.80.2-0.10.10.1-0.8-0.20.40.60.4-0.50.50.90.7
Net profit1.12.50.8-1.2-1.90.90.31.10.91.22.21.51.53.54.04.01.94.33.51.2-0.22.81.40.40.20.30.3-1.7-1.10.51.00.8-1.21.01.81.7
EPS ₹2.916.952.28-3.41-5.142.600.953.122.373.386.104.154.099.6510.9110.956.3411.809.563.33-0.447.613.871.070.580.740.80-4.64-3.111.372.832.25-3.442.784.954.73
Revenue YoY———2.4%-24.0%-25.7%-18.4%18.4%—31.1%57.9%36.0%45.5%35.0%17.5%17.7%6.7%14.0%2.9%-11.9%-28.5%-23.8%-26.9%-22.7%-7.0%-1.3%24.2%22.4%23.9%-1.1%0.1%-6.4%-7.8%-1.1%-6.7%2.0%
Profit YoY———-217.0%-173.9%13.3%———30.9%534.3%32.5%72.4%185.4%78.8%163.6%29.3%22.2%-12.3%-69.6%-108.2%-35.4%-59.5%-67.8%—-90.3%-79.4%-533.3%-638.1%85.2%255.2%——102.0%74.8%109.8%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 28 periods
DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE———————————————1.3%4.3%5.5%4.7%7.5%7.9%9.3%10.5%8.3%6.2%9.8%13.0%12.3%
ROCE———————————————2.8%7.6%8.1%8.0%10.1%11.0%11.6%12.5%10.1%11.1%11.0%12.7%11.5%
Net margin0.0%0.0%0.0%0.2%-1.0%-3.7%-6.0%-8.5%-4.1%-1.0%0.3%1.7%0.8%1.3%1.4%0.5%1.9%1.9%1.7%2.8%2.9%3.5%3.8%3.2%2.4%4.0%5.2%5.3%
EBITDA margin10.2%9.0%8.3%8.1%6.5%4.2%2.9%0.3%3.3%6.7%7.0%8.3%7.8%7.6%6.8%5.0%7.0%5.9%5.4%6.6%8.0%10.1%10.7%10.5%11.7%11.9%13.8%14.3%
Debt / equity———————————————0.270.530.740.740.760.760.800.800.990.991.111.111.22
Interest coverage3.002.272.101.890.91-0.52-1.76-3.41-1.770.261.342.512.432.112.051.162.331.951.872.442.572.652.562.122.152.883.604.16
Asset turnover———————————————1.281.031.161.141.041.031.031.060.920.910.930.940.88

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 9 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital3.63.63.63.63.63.63.63.63.6
Other equity / reserves98.4101.8104.278.482.786.088.491.997.1
Total equity102.0105.5107.882.086.389.792.095.5100.7
Borrowings27.238.257.460.965.271.690.8105.6122.8
Current liabilities91.692.8100.595.6113.4120.6132.7112.1119.0
Non-current liabilities8.97.528.727.227.420.033.943.849.1
Total assets202.6205.8237.0204.8227.2230.3258.7251.5268.9
Property, plant & equipment39.439.141.055.762.560.469.186.585.3
Capital work-in-progress0.73.18.75.36.115.112.010.312.6
Investments0.00.00.00.00.00.00.00.00.0
Inventories63.870.176.256.161.757.263.735.514.4
Receivables80.476.471.261.967.380.897.3102.7141.2
Cash & equivalents0.21.01.10.92.91.01.40.20.8

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations11.1-2.510.025.27.5
Cash from investing-4.1-5.8-25.9-24.4-33.2
Cash from financing-5.27.515.72.624.9
Capex0.00.026.024.433.1
Free cash flow11.1-2.5-16.00.9-25.7
Dividends paid0.80.81.11.01.4

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹85.3 cr32%
CWIP
₹12.6 cr5%
Investments
₹0.0 cr0%
Inventories
₹14.4 cr5%
Receivables
₹141.2 cr53%
Cash & equivalents
₹0.8 cr0%
Other assets
₹14.6 cr5%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Kalyani Forge Limited159876.7512.91.5812.3%

StoxGud checklist: Neutral setup · 5/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-4.2%
6 months+40.4%
1 year+24.7%
3Y CAGR+28.8%
5Y CAGR+34.0%
10Y CAGR+12.1%
50-day avg₹901.28
200-day avg₹683.45
RSI (14)59

FAQs

What is the share price of Kalyani Forge Limited?

Kalyani Forge Limited (KALYANIFRG) closed at ₹876.75 on NSE on 06 Nov 2026.

What is the market cap of Kalyani Forge Limited?

₹159 crore at the latest close.

What is the P/E ratio of Kalyani Forge Limited?

12.9, on trailing-twelve-month earnings from its filings.

How fast is Kalyani Forge Limited growing?

Kalyani Forge Limited: revenue has compounded at -4.2% a year over three years; net profit at 37.2% a year. Latest-quarter revenue is down 2.2% year on year, profit up 0.5%.

How profitable is Kalyani Forge Limited?

On a trailing-twelve-month basis return on equity is 12.3%, return on capital employed 11.5%, operating margin 14.3%, net margin 5.3%.

How much debt does Kalyani Forge Limited have?

Kalyani Forge Limited is moderately geared: debt to equity is 1.22 with borrowings of ₹123 cr against cash of ₹1 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.2 times.

Financials parsed from Kalyani Forge Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '17, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.