Kalyani Steels Limited

NSE: KSL · Unclassified

₹847.55-2.16%06 Nov 2026

Ask the data

Instant answers about Kalyani Steels Limited — computed from its filings, no language model

Market cap₹3,706 cr

Current price₹847.55

High / Low₹998 / ₹578

P/E13.2

P/B1.68

Book value₹505.2

ROE12.8%

ROCE14.2%

Debt / equity0.24

Dividend yield1.18%

EPS (TTM)₹64.43

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY24	FY26
Revenue	1,199	1,188	1,706	1,959	1,846
EBITDA	194	263	338	371	361
Operating margin	16.2%	22.2%	19.8%	18.9%	19.6%
Interest	10	7	13	26	9
Depreciation	43	44	46	61	57
Profit before tax	165	255	331	333	348
Tax	31	65	83	84	90
Net profit	137	190	244	249	258
EPS ₹	31.29	43.59	55.93	0.00	59.07
Operating cash flow	—	—	362	302	141
Capex	—	—	175	560	61
Dividend paid	—	—	33	44	44
Total assets	—	—	—	2,573	2,996
Equity	—	—	—	1,680	2,105

Quarterly performance

last 21 quarters · ₹ crore

showing latest 8 of 21 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	MAR '24	JUN '24	SEP '24	DEC '24	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	343	303	281	272	121	322	368	377	390	461	407	449	0	461	492	484	456	462	484	465	494
Operating profit	62	44	50	38	14	61	84	104	96	86	61	97	0	79	96	83	85	92	99	91	107
Operating margin	17.9%	14.6%	17.9%	13.9%	11.8%	19.1%	22.8%	27.5%	24.6%	18.6%	14.9%	21.5%	—	17.2%	19.5%	17.2%	18.7%	19.8%	20.4%	19.7%	21.7%
Other income	5	4	7	8	10	12	9	12	12	13	12	15	0	13	15	13	15	15	15	16	17
Interest	2	2	2	3	1	1	1	3	3	4	4	3	0	4	5	6	2	2	1	2	2
Depreciation	9	11	11	11	11	11	11	11	11	11	12	12	0	16	16	16	15	14	14	14	14
Profit before tax	55	35	44	31	12	61	81	102	93	83	58	96	0	72	90	76	84	83	98	92	108
Tax	18	-10	12	10	3	15	20	26	24	21	15	23	0	20	23	19	21	22	26	24	29
Net profit	37	45	32	23	9	45	60	76	70	62	43	70	0	52	67	56	63	62	72	68	80
EPS ₹	8.36	10.34	7.40	5.19	2.01	10.39	13.85	17.34	16.02	14.16	9.80	15.95	0.00	11.96	15.44	12.93	14.33	14.19	16.42	15.63	18.30
Revenue YoY	—	—	—	—	-64.7%	6.2%	31.1%	38.8%	221.6%	43.2%	10.6%	19.0%	—	—	—	—	-7.3%	-4.5%	—	—	8.4%
Profit YoY	—	—	—	—	-76.0%	0.5%	87.3%	234.0%	698.4%	36.3%	-29.3%	-8.0%	—	—	—	—	-7.2%	9.8%	—	—	27.7%

Earlier results (standalone, Sep '07 – Mar '19)

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

Kalyani Steels 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

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	990	809	1,116	1,227	1,180	1,422	1,388	1,407
Operating profit	43	78	129	167	235	287	203	201
Operating margin	4.4%	9.6%	11.5%	13.6%	19.9%	20.2%	14.6%	14.3%
Other income	21	7	12	3	3	13	17	24
Interest	21	24	17	15	12	10	9	7
Depreciation	26	24	34	31	52	52	37	38
Profit before tax	22	38	89	124	174	238	175	192
Tax	0	14	31	41	61	82	60	60
Net profit	22	24	59	83	114	156	115	132

Quarters

showing latest 8 of 43 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	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†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	229	273	341	378	130	200	249	329	337	315	264	322	184	239	244	231	202	180	196	245	248	297	327	313	315	297	302	302	318	259	302	345	330	391	356	380	315	337	356	325	386	374	322
Operating profit	34	34	35	23	1	12	28	27	37	28	21	19	-7	16	15	17	18	18	25	26	30	35	37	39	41	42	44	57	58	57	62	87	73	66	61	50	49	49	55	51	53	43	54
Operating margin	15.0%	12.4%	10.1%	6.1%	0.5%	6.1%	11.2%	8.1%	10.9%	9.0%	7.9%	5.9%	-3.8%	6.7%	6.1%	7.2%	8.7%	10.1%	12.8%	10.8%	12.0%	11.8%	11.4%	12.5%	13.1%	14.3%	14.7%	19.0%	18.4%	22.1%	20.6%	25.2%	22.1%	16.8%	17.1%	13.1%	15.6%	14.6%	15.4%	15.8%	13.6%	11.5%	16.9%
Other income	0	0	3	4	2	0	4	1	1	2	6	3	5	0	12	1	2	1	4	1	1	1	8	0	0	1	1	0	0	0	2	1	1	1	10	4	2	8	4	1	2	12	9
Interest	3	3	6	6	8	6	8	5	4	5	4	5	5	5	6	7	6	6	4	4	4	4	5	5	4	4	2	3	2	3	3	3	2	2	2	2	2	2	3	1	2	2	2
Depreciation	5	5	7	8	6	8	8	8	7	8	7	7	6	6	7	6	6	6	6	8	9	9	9	10	4	8	8	9	11	14	17	14	13	13	12	10	9	9	10	9	10	10	10
Profit before tax	27	26	25	13	-12	-1	17	15	26	18	15	10	-13	11	15	5	7	8	18	16	18	23	32	25	33	30	36	45	45	40	44	71	58	52	57	42	40	46	46	43	43	50	56
Tax	7	5	7	2	-3	0	3	1	6	4	5	2	-3	1	0	2	2	3	8	5	7	8	11	10	10	9	12	16	16	14	14	25	20	18	19	14	14	15	17	14	15	16	16
Net profit	20	21	17	11	-9	-1	13	14	20	14	11	9	-10	9	14	3	5	5	10	10	12	15	21	15	23	21	24	29	29	26	29	47	38	34	37	27	27	31	30	28	29	35	41
EPS ₹	4.62	4.73	3.97	2.53	-1.98	-0.29	3.05	3.11	4.61	3.26	2.43	2.00	-2.34	2.17	3.21	0.69	1.21	1.22	2.35	2.32	2.71	3.51	4.86	3.50	5.22	4.86	5.50	6.62	6.75	5.98	6.67	10.72	8.61	7.85	8.53	6.29	6.11	7.06	6.87	6.42	6.54	7.93	9.36
Revenue YoY	—	—	—	65.2%	-52.3%	-41.5%	-34.1%	152.7%	68.7%	26.3%	-19.8%	-4.3%	-41.6%	-9.3%	—	-28.4%	9.5%	-24.6%	-19.5%	6.1%	22.7%	64.4%	66.7%	27.7%	27.4%	-0.1%	-7.5%	-3.5%	0.9%	-12.8%	-0.1%	14.4%	3.8%	51.4%	17.8%	10.0%	-4.5%	-13.9%	0.2%	-14.5%	22.4%	10.9%	-9.6%
Profit YoY	—	—	—	-45.3%	-141.8%	-107.2%	20.6%	—	—	7.0%	-21.7%	-56.5%	-171.7%	-11.0%	—	-65.5%	—	-43.9%	-26.9%	236.1%	124.7%	188.7%	107.1%	50.6%	92.3%	38.5%	12.9%	88.9%	29.4%	23.0%	21.1%	62.0%	27.6%	31.2%	28.0%	-41.4%	-29.1%	-10.1%	-19.5%	2.2%	7.0%	12.4%	36.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 12 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	DEC '24	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	10.0%	12.6%	12.8%
ROCE	—	—	—	—	—	—	—	—	—	10.9%	14.1%	14.2%
Net margin	11.4%	11.1%	11.0%	12.7%	16.0%	17.3%	16.8%	15.3%	14.3%	12.2%	14.2%	14.8%
EBITDA margin	16.2%	15.0%	16.4%	18.2%	22.1%	23.7%	23.1%	21.1%	19.8%	18.0%	19.7%	20.4%
Debt / equity	—	—	—	—	—	—	—	—	—	0.32	0.23	0.24
Interest coverage	18.17	14.93	20.38	27.57	36.93	38.61	33.18	26.23	25.51	17.54	46.83	50.19
Asset turnover	—	—	—	—	—	—	—	—	—	0.52	0.62	0.61

Balance sheet

equity vs borrowings over time · ₹ crore

	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	22	22	22	22	22
Other equity / reserves	1,658	1,733	1,949	2,083	2,187
Total equity	1,680	1,755	1,971	2,105	2,209
Borrowings	596	560	428	475	530
Current liabilities	781	913	783	800	821
Non-current liabilities	112	73	69	91	93
Total assets	2,573	2,741	2,823	2,996	3,123
Property, plant & equipment	734	705	652	627	702
Capital work-in-progress	381	402	490	560	503
Investments	38	30	3	11	0
Inventories	287	338	259	285	320
Receivables	421	452	444	496	492
Cash & equivalents	19	16	6	77	381

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY24	FY26
Cash from operations	362	302	141
Cash from investing	-474	-283	-105
Cash from financing	123	-10	-42
Capex	175	560	61
Free cash flow	187	-258	79
Dividends paid	33	44	44

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹702 cr22%

CWIP

₹503 cr16%

Investments

₹0 cr0%

Inventories

₹320 cr10%

Receivables

₹492 cr16%

Cash & equivalents

₹381 cr12%

Other assets

₹725 cr23%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Kalyani Steels Limited	3,706	847.55	13.2	1.68	12.8%

StoxGud checklist: Neutral setup · 6/10

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-9.1%

6 months-5.2%

1 year-0.5%

3Y CAGR+22.7%

5Y CAGR+18.3%

10Y CAGR+10.5%

50-day avg₹921.63

200-day avg₹822.57

RSI (14)28

FAQs

What is the share price of Kalyani Steels Limited?

Kalyani Steels Limited (KSL) closed at ₹847.55 on NSE on 06 Nov 2026.

What is the market cap of Kalyani Steels Limited?

₹3,706 crore at the latest close.

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

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

How fast is Kalyani Steels Limited growing?

Kalyani Steels Limited: revenue has compounded at 15.8% a year over three years; net profit at 10.7% a year. Latest-quarter revenue is up 8.4% year on year, profit up 27.7%.

How profitable is Kalyani Steels Limited?

On a trailing-twelve-month basis return on equity is 12.8%, return on capital employed 14.2%, operating margin 20.4%, net margin 14.8%.

How much debt does Kalyani Steels Limited have?

Kalyani Steels Limited is lightly geared: debt to equity is 0.24 with borrowings of ₹530 cr against cash of ₹381 cr (balance sheet of 2026-09-30). Operating profit covers interest 50.2 times.

Financials parsed from Kalyani Steels Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '24. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.