Share Price and Basic Stock Data
Last Updated: November 3, 2025, 9:09 pm
| PEG Ratio | 1.09 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Kalyani Forge Ltd operates within the forgings industry, focusing on the production of high-quality forging components. The company’s market capitalization stood at ₹260 Cr, with a share price of ₹714. Revenue figures for the trailing twelve months (TTM) reported sales of ₹244 Cr, reflecting a slight decline from ₹264 Cr in the previous fiscal year (FY 2023). Quarterly sales data indicates fluctuations, with the highest sales of ₹73.54 Cr recorded in September 2022, followed by a drop to ₹56.74 Cr in June 2024. The sales trajectory demonstrates variability, impacted by market demand and operational challenges. The company has also reported operating profit margins (OPM) of 9.28%, indicating the firm’s ability to manage its operational costs effectively relative to its sales. Overall, Kalyani Forge’s revenue trends exhibit resilience amidst industry fluctuations, but the declining sales trajectory may warrant further examination of market strategies.
Profitability and Efficiency Metrics
Kalyani Forge’s profitability metrics reveal a mixed performance. The net profit for FY 2025 stood at ₹8 Cr, with earnings per share (EPS) of ₹22.86, showing a notable recovery from a net loss of ₹0.49 Cr in FY 2023. The company recorded an interest coverage ratio (ICR) of 3.77x, signaling a robust capacity to cover interest obligations, which is favorable compared to sector averages. However, operating profit margins have fluctuated, with a decline in OPM to 4% in FY 2023 before rebounding to 10% in FY 2025. Efficiency ratios indicate a cash conversion cycle (CCC) of 144 days, reflecting longer operational cycles compared to typical industry standards, which often range between 30 to 90 days. This extended CCC may pose challenges in liquidity management, necessitating improved inventory and receivables management strategies to enhance overall profitability.
Balance Sheet Strength and Financial Ratios
The balance sheet of Kalyani Forge demonstrates a moderate level of leverage, with total borrowings reported at ₹72 Cr against reserves of ₹86 Cr, resulting in a debt-to-equity ratio of 0.79. This indicates a balanced approach to financing, although the company must remain vigilant of its debt obligations amid fluctuating earnings. The current ratio is reported at 1.23, suggesting adequate short-term liquidity to meet immediate liabilities. The return on equity (ROE) stood at 9.77%, reflecting a reasonable return on shareholder investments, while return on capital employed (ROCE) improved to 12.3%. These ratios align with industry benchmarks, indicating effective capital utilization. However, the company’s book value per share has decreased from ₹289.86 in FY 2023 to ₹246.46 in FY 2025, signaling potential concerns regarding asset management and valuation.
Shareholding Pattern and Investor Confidence
Kalyani Forge’s shareholding pattern reveals a significant promoter holding of 58.76%, indicating strong control by the founding family, which can be a stabilizing factor for the company. The public shareholding stood at 41.24%, with the number of shareholders increasing from 4,933 in December 2022 to 7,236 by June 2025. This growth in shareholder base reflects rising investor confidence amid the company’s recovery in profitability metrics. However, the absence of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) may limit the stock’s liquidity and broader market appeal. The company’s dividend payout ratio for FY 2025 was 13.12%, a modest return to shareholders, but lower than the industry average. The increasing shareholder count, coupled with stable promoter confidence, suggests a positive outlook for investor sentiment, albeit tempered by institutional participation concerns.
Outlook, Risks, and Final Insight
Looking ahead, Kalyani Forge faces both opportunities and challenges. Strengths include a strong promoter backing, improving profitability, and a reasonable debt structure, which position the company favorably for growth. However, risks include the fluctuating sales trends and an extended cash conversion cycle, which may strain liquidity. Furthermore, the company’s reliance on domestic markets could expose it to regional economic fluctuations. To capitalize on its strengths, Kalyani Forge may focus on enhancing operational efficiencies and exploring export opportunities to diversify revenue streams. Conversely, should the company fail to address its inventory management and operational inefficiencies, it could face potential profitability pressures. Overall, Kalyani Forge’s ability to navigate these dynamics will be critical in determining its future performance and market position.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Kalyani Forge Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 9,554 Cr. | 1,015 | 1,191/716 | 35.5 | 196 | 0.30 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 37.0 Cr. | 18.2 | 44.4/17.5 | 16.6 | 12.2 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 16,597 Cr. | 438 | 521/357 | 20.7 | 183 | 1.60 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,822 Cr. | 1,569 | 1,750/850 | 88.5 | 110 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 13.2 Cr. | 9.17 | 15.5/7.26 | 25.9 | 9.12 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,456.50 Cr | 409.06 | 116.07 | 151.84 | 0.32% | 10.77% | 10.71% | 6.13 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.63 | 73.54 | 70.08 | 63.58 | 59.35 | 60.91 | 59.70 | 56.82 | 56.74 | 62.33 | 58.62 | 58.95 | 64.13 |
| Expenses | 55.97 | 71.93 | 64.19 | 63.08 | 54.24 | 56.22 | 56.81 | 55.65 | 52.93 | 54.56 | 52.54 | 52.59 | 58.18 |
| Operating Profit | 2.66 | 1.61 | 5.89 | 0.50 | 5.11 | 4.69 | 2.89 | 1.17 | 3.81 | 7.77 | 6.08 | 6.36 | 5.95 |
| OPM % | 4.54% | 2.19% | 8.40% | 0.79% | 8.61% | 7.70% | 4.84% | 2.06% | 6.71% | 12.47% | 10.37% | 10.79% | 9.28% |
| Other Income | 1.85 | 0.06 | 1.36 | 1.90 | 0.32 | 1.08 | 1.76 | 1.21 | 0.86 | 0.52 | 0.75 | 0.38 | 0.39 |
| Interest | 0.73 | 0.56 | 1.10 | 0.98 | 1.21 | 1.45 | 1.75 | 1.49 | 1.45 | 1.58 | 1.96 | 2.06 | 2.27 |
| Depreciation | 3.08 | 2.95 | 2.65 | 2.50 | 2.53 | 2.72 | 1.25 | -0.29 | 1.84 | 1.91 | 2.08 | 2.04 | 2.04 |
| Profit before tax | 0.70 | -1.84 | 3.50 | -1.08 | 1.69 | 1.60 | 1.65 | 1.18 | 1.38 | 4.80 | 2.79 | 2.64 | 2.03 |
| Tax % | -65.71% | -41.85% | 20.57% | 181.48% | 39.05% | 18.12% | 7.88% | 40.68% | 74.64% | 18.33% | 34.77% | 15.91% | 30.54% |
| Net Profit | 1.15 | -1.08 | 2.77 | -3.03 | 1.03 | 1.30 | 1.51 | 0.71 | 0.35 | 3.92 | 1.82 | 2.23 | 1.41 |
| EPS in Rs | 3.16 | -2.97 | 7.61 | -8.33 | 2.83 | 3.57 | 4.15 | 1.95 | 0.96 | 10.78 | 5.00 | 6.13 | 3.88 |
Last Updated: August 20, 2025, 8:20 am
Below is a detailed analysis of the quarterly data for Kalyani Forge Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 64.13 Cr.. The value appears strong and on an upward trend. It has increased from 58.95 Cr. (Mar 2025) to 64.13 Cr., marking an increase of 5.18 Cr..
- For Expenses, as of Jun 2025, the value is 58.18 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 52.59 Cr. (Mar 2025) to 58.18 Cr., marking an increase of 5.59 Cr..
- For Operating Profit, as of Jun 2025, the value is 5.95 Cr.. The value appears to be declining and may need further review. It has decreased from 6.36 Cr. (Mar 2025) to 5.95 Cr., marking a decrease of 0.41 Cr..
- For OPM %, as of Jun 2025, the value is 9.28%. The value appears to be declining and may need further review. It has decreased from 10.79% (Mar 2025) to 9.28%, marking a decrease of 1.51%.
- For Other Income, as of Jun 2025, the value is 0.39 Cr.. The value appears strong and on an upward trend. It has increased from 0.38 Cr. (Mar 2025) to 0.39 Cr., marking an increase of 0.01 Cr..
- For Interest, as of Jun 2025, the value is 2.27 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2.06 Cr. (Mar 2025) to 2.27 Cr., marking an increase of 0.21 Cr..
- For Depreciation, as of Jun 2025, the value is 2.04 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 2.04 Cr..
- For Profit before tax, as of Jun 2025, the value is 2.03 Cr.. The value appears to be declining and may need further review. It has decreased from 2.64 Cr. (Mar 2025) to 2.03 Cr., marking a decrease of 0.61 Cr..
- For Tax %, as of Jun 2025, the value is 30.54%. The value appears to be increasing, which may not be favorable. It has increased from 15.91% (Mar 2025) to 30.54%, marking an increase of 14.63%.
- For Net Profit, as of Jun 2025, the value is 1.41 Cr.. The value appears to be declining and may need further review. It has decreased from 2.23 Cr. (Mar 2025) to 1.41 Cr., marking a decrease of 0.82 Cr..
- For EPS in Rs, as of Jun 2025, the value is 3.88. The value appears to be declining and may need further review. It has decreased from 6.13 (Mar 2025) to 3.88, marking a decrease of 2.25.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:01 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 205 | 241 | 231 | 227 | 259 | 286 | 201 | 181 | 246 | 264 | 237 | 237 | 244 |
| Expenses | 182 | 226 | 215 | 212 | 237 | 261 | 193 | 168 | 228 | 254 | 223 | 213 | 218 |
| Operating Profit | 24 | 14 | 16 | 15 | 22 | 26 | 8 | 13 | 19 | 11 | 14 | 24 | 26 |
| OPM % | 11% | 6% | 7% | 7% | 8% | 9% | 4% | 7% | 8% | 4% | 6% | 10% | 11% |
| Other Income | 2 | 2 | 3 | 5 | 7 | 6 | 3 | 1 | 1 | 5 | 4 | 3 | 2 |
| Interest | 5 | 6 | 5 | 4 | 6 | 8 | 5 | 3 | 4 | 3 | 6 | 7 | 8 |
| Depreciation | 13 | 13 | 12 | 10 | 13 | 15 | 14 | 13 | 12 | 11 | 6 | 8 | 8 |
| Profit before tax | 7 | -3 | 2 | 5 | 9 | 10 | -8 | -2 | 4 | 1 | 6 | 12 | 12 |
| Tax % | 33% | -24% | 46% | 33% | 29% | 28% | -15% | -15% | 22% | 113% | 19% | 28% | |
| Net Profit | 5 | -2 | 1 | 3 | 7 | 7 | -7 | -2 | 3 | -0 | 5 | 8 | 9 |
| EPS in Rs | 13.14 | -6.21 | 3.02 | 9.57 | 18.03 | 19.13 | -19.05 | -4.84 | 8.60 | -0.49 | 12.51 | 22.84 | 25.79 |
| Dividend Payout % | 19% | 0% | 66% | 21% | 19% | 21% | -5% | -31% | 35% | -607% | 24% | 18% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -140.00% | 150.00% | 200.00% | 133.33% | 0.00% | -200.00% | 71.43% | 250.00% | -100.00% | 60.00% |
| Change in YoY Net Profit Growth (%) | 0.00% | 290.00% | 50.00% | -66.67% | -133.33% | -200.00% | 271.43% | 178.57% | -350.00% | 160.00% |
Kalyani Forge Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 3% |
| 3 Years: | -1% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 26% |
| 3 Years: | 42% |
| TTM: | 142% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 36% |
| 3 Years: | 55% |
| 1 Year: | 31% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| Last Year: | 10% |
Last Updated: September 5, 2025, 8:45 am
Balance Sheet
Last Updated: June 16, 2025, 11:51 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 99 | 94 | 94 | 98 | 103 | 108 | 98 | 97 | 99 | 74 | 78 | 86 |
| Borrowings | 60 | 47 | 41 | 63 | 63 | 47 | 31 | 27 | 26 | 38 | 61 | 72 |
| Other Liabilities | 48 | 57 | 60 | 71 | 65 | 69 | 51 | 56 | 54 | 65 | 62 | 69 |
| Total Liabilities | 210 | 201 | 199 | 236 | 235 | 227 | 184 | 183 | 183 | 181 | 205 | 230 |
| Fixed Assets | 79 | 61 | 64 | 60 | 84 | 78 | 65 | 53 | 44 | 39 | 56 | 61 |
| CWIP | 14 | 17 | 8 | 30 | 5 | 0 | 1 | 1 | 2 | 3 | 5 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 117 | 123 | 127 | 147 | 146 | 148 | 118 | 129 | 137 | 138 | 143 | 154 |
| Total Assets | 210 | 201 | 199 | 236 | 235 | 227 | 184 | 183 | 183 | 181 | 205 | 230 |
Below is a detailed analysis of the balance sheet data for Kalyani Forge Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 4.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 4.00 Cr..
- For Reserves, as of Mar 2025, the value is 86.00 Cr.. The value appears strong and on an upward trend. It has increased from 78.00 Cr. (Mar 2024) to 86.00 Cr., marking an increase of 8.00 Cr..
- For Borrowings, as of Mar 2025, the value is 72.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 61.00 Cr. (Mar 2024) to 72.00 Cr., marking an increase of 11.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 69.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 62.00 Cr. (Mar 2024) to 69.00 Cr., marking an increase of 7.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 230.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 205.00 Cr. (Mar 2024) to 230.00 Cr., marking an increase of 25.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 61.00 Cr.. The value appears strong and on an upward trend. It has increased from 56.00 Cr. (Mar 2024) to 61.00 Cr., marking an increase of 5.00 Cr..
- For CWIP, as of Mar 2025, the value is 15.00 Cr.. The value appears strong and on an upward trend. It has increased from 5.00 Cr. (Mar 2024) to 15.00 Cr., marking an increase of 10.00 Cr..
- For Investments, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Other Assets, as of Mar 2025, the value is 154.00 Cr.. The value appears strong and on an upward trend. It has increased from 143.00 Cr. (Mar 2024) to 154.00 Cr., marking an increase of 11.00 Cr..
- For Total Assets, as of Mar 2025, the value is 230.00 Cr.. The value appears strong and on an upward trend. It has increased from 205.00 Cr. (Mar 2024) to 230.00 Cr., marking an increase of 25.00 Cr..
Notably, the Reserves (86.00 Cr.) exceed the Borrowings (72.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -36.00 | -33.00 | -25.00 | -48.00 | -41.00 | -21.00 | -23.00 | -14.00 | -7.00 | -27.00 | -47.00 | -48.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 94 | 92 | 98 | 99 | 99 | 96 | 103 | 135 | 108 | 103 | 95 | 125 |
| Inventory Days | 130 | 96 | 117 | 156 | 139 | 123 | 143 | 178 | 135 | 114 | 180 | 186 |
| Days Payable | 106 | 118 | 128 | 146 | 143 | 122 | 123 | 141 | 95 | 107 | 146 | 166 |
| Cash Conversion Cycle | 118 | 70 | 87 | 109 | 94 | 97 | 123 | 172 | 148 | 110 | 129 | 144 |
| Working Capital Days | 39 | 34 | 29 | 18 | 36 | 42 | 53 | 85 | 74 | 44 | 53 | 38 |
| ROCE % | 8% | 2% | 5% | 6% | 9% | 10% | -2% | 1% | 6% | 4% | 9% | 12% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 22.86 | 12.51 | 9.92 | 8.61 | -4.84 |
| Diluted EPS (Rs.) | 22.86 | 12.51 | 9.92 | 8.61 | -4.84 |
| Cash EPS (Rs.) | 44.48 | 29.59 | 40.67 | 42.52 | 30.40 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 246.46 | 225.36 | 289.86 | 282.88 | 275.33 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 246.46 | 225.36 | 289.86 | 282.88 | 275.33 |
| Dividend / Share (Rs.) | 4.00 | 3.00 | 3.00 | 3.00 | 1.50 |
| Revenue From Operations / Share (Rs.) | 650.30 | 650.69 | 732.82 | 677.39 | 496.79 |
| PBDIT / Share (Rs.) | 72.86 | 48.73 | 58.94 | 54.93 | 37.24 |
| PBIT / Share (Rs.) | 51.23 | 31.65 | 28.19 | 21.02 | 2.00 |
| PBT / Share (Rs.) | 31.89 | 15.44 | 13.92 | 11.05 | -5.69 |
| Net Profit / Share (Rs.) | 22.85 | 12.50 | 9.91 | 8.61 | -4.84 |
| PBDIT Margin (%) | 11.20 | 7.48 | 8.04 | 8.10 | 7.49 |
| PBIT Margin (%) | 7.87 | 4.86 | 3.84 | 3.10 | 0.40 |
| PBT Margin (%) | 4.90 | 2.37 | 1.89 | 1.63 | -1.14 |
| Net Profit Margin (%) | 3.51 | 1.92 | 1.35 | 1.27 | -0.97 |
| Return on Networth / Equity (%) | 9.27 | 5.54 | 3.42 | 3.04 | -1.75 |
| Return on Capital Employeed (%) | 16.99 | 10.54 | 9.07 | 6.98 | 0.68 |
| Return On Assets (%) | 3.61 | 2.22 | 1.75 | 1.70 | -0.96 |
| Long Term Debt / Equity (X) | 0.13 | 0.23 | 0.01 | 0.00 | 0.00 |
| Total Debt / Equity (X) | 0.79 | 0.74 | 0.36 | 0.25 | 0.26 |
| Asset Turnover Ratio (%) | 1.09 | 1.15 | 1.37 | 1.34 | 0.98 |
| Current Ratio (X) | 1.23 | 1.42 | 1.69 | 1.74 | 1.58 |
| Quick Ratio (X) | 0.75 | 0.83 | 0.93 | 1.08 | 0.99 |
| Inventory Turnover Ratio (X) | 4.18 | 3.75 | 2.65 | 2.80 | 2.17 |
| Dividend Payout Ratio (NP) (%) | 13.12 | 23.98 | 30.24 | 17.42 | -20.66 |
| Dividend Payout Ratio (CP) (%) | 6.74 | 10.13 | 7.37 | 3.52 | 3.28 |
| Earning Retention Ratio (%) | 86.88 | 76.02 | 69.76 | 82.58 | 120.66 |
| Cash Earning Retention Ratio (%) | 93.26 | 89.87 | 92.63 | 96.48 | 96.72 |
| Interest Coverage Ratio (X) | 3.77 | 3.01 | 6.36 | 5.51 | 4.84 |
| Interest Coverage Ratio (Post Tax) (X) | 2.18 | 1.77 | 2.61 | 1.86 | 0.37 |
| Enterprise Value (Cr.) | 249.15 | 202.85 | 113.51 | 87.81 | 93.61 |
| EV / Net Operating Revenue (X) | 1.05 | 0.85 | 0.42 | 0.35 | 0.51 |
| EV / EBITDA (X) | 9.40 | 11.44 | 5.29 | 4.39 | 6.91 |
| MarketCap / Net Operating Revenue (X) | 0.76 | 0.62 | 0.30 | 0.27 | 0.38 |
| Retention Ratios (%) | 86.87 | 76.01 | 69.75 | 82.57 | 120.66 |
| Price / BV (X) | 2.01 | 1.80 | 0.76 | 0.64 | 0.70 |
| Price / Net Operating Revenue (X) | 0.76 | 0.62 | 0.30 | 0.27 | 0.38 |
| EarningsYield | 0.04 | 0.03 | 0.04 | 0.04 | -0.02 |
After reviewing the key financial ratios for Kalyani Forge Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 22.86. This value is within the healthy range. It has increased from 12.51 (Mar 24) to 22.86, marking an increase of 10.35.
- For Diluted EPS (Rs.), as of Mar 25, the value is 22.86. This value is within the healthy range. It has increased from 12.51 (Mar 24) to 22.86, marking an increase of 10.35.
- For Cash EPS (Rs.), as of Mar 25, the value is 44.48. This value is within the healthy range. It has increased from 29.59 (Mar 24) to 44.48, marking an increase of 14.89.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 246.46. It has increased from 225.36 (Mar 24) to 246.46, marking an increase of 21.10.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 246.46. It has increased from 225.36 (Mar 24) to 246.46, marking an increase of 21.10.
- For Dividend / Share (Rs.), as of Mar 25, the value is 4.00. This value exceeds the healthy maximum of 3. It has increased from 3.00 (Mar 24) to 4.00, marking an increase of 1.00.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 650.30. It has decreased from 650.69 (Mar 24) to 650.30, marking a decrease of 0.39.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 72.86. This value is within the healthy range. It has increased from 48.73 (Mar 24) to 72.86, marking an increase of 24.13.
- For PBIT / Share (Rs.), as of Mar 25, the value is 51.23. This value is within the healthy range. It has increased from 31.65 (Mar 24) to 51.23, marking an increase of 19.58.
- For PBT / Share (Rs.), as of Mar 25, the value is 31.89. This value is within the healthy range. It has increased from 15.44 (Mar 24) to 31.89, marking an increase of 16.45.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 22.85. This value is within the healthy range. It has increased from 12.50 (Mar 24) to 22.85, marking an increase of 10.35.
- For PBDIT Margin (%), as of Mar 25, the value is 11.20. This value is within the healthy range. It has increased from 7.48 (Mar 24) to 11.20, marking an increase of 3.72.
- For PBIT Margin (%), as of Mar 25, the value is 7.87. This value is below the healthy minimum of 10. It has increased from 4.86 (Mar 24) to 7.87, marking an increase of 3.01.
- For PBT Margin (%), as of Mar 25, the value is 4.90. This value is below the healthy minimum of 10. It has increased from 2.37 (Mar 24) to 4.90, marking an increase of 2.53.
- For Net Profit Margin (%), as of Mar 25, the value is 3.51. This value is below the healthy minimum of 5. It has increased from 1.92 (Mar 24) to 3.51, marking an increase of 1.59.
- For Return on Networth / Equity (%), as of Mar 25, the value is 9.27. This value is below the healthy minimum of 15. It has increased from 5.54 (Mar 24) to 9.27, marking an increase of 3.73.
- For Return on Capital Employeed (%), as of Mar 25, the value is 16.99. This value is within the healthy range. It has increased from 10.54 (Mar 24) to 16.99, marking an increase of 6.45.
- For Return On Assets (%), as of Mar 25, the value is 3.61. This value is below the healthy minimum of 5. It has increased from 2.22 (Mar 24) to 3.61, marking an increase of 1.39.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.13. This value is below the healthy minimum of 0.2. It has decreased from 0.23 (Mar 24) to 0.13, marking a decrease of 0.10.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.79. This value is within the healthy range. It has increased from 0.74 (Mar 24) to 0.79, marking an increase of 0.05.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.09. It has decreased from 1.15 (Mar 24) to 1.09, marking a decrease of 0.06.
- For Current Ratio (X), as of Mar 25, the value is 1.23. This value is below the healthy minimum of 1.5. It has decreased from 1.42 (Mar 24) to 1.23, marking a decrease of 0.19.
- For Quick Ratio (X), as of Mar 25, the value is 0.75. This value is below the healthy minimum of 1. It has decreased from 0.83 (Mar 24) to 0.75, marking a decrease of 0.08.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.18. This value is within the healthy range. It has increased from 3.75 (Mar 24) to 4.18, marking an increase of 0.43.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 13.12. This value is below the healthy minimum of 20. It has decreased from 23.98 (Mar 24) to 13.12, marking a decrease of 10.86.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 6.74. This value is below the healthy minimum of 20. It has decreased from 10.13 (Mar 24) to 6.74, marking a decrease of 3.39.
- For Earning Retention Ratio (%), as of Mar 25, the value is 86.88. This value exceeds the healthy maximum of 70. It has increased from 76.02 (Mar 24) to 86.88, marking an increase of 10.86.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 93.26. This value exceeds the healthy maximum of 70. It has increased from 89.87 (Mar 24) to 93.26, marking an increase of 3.39.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 3.77. This value is within the healthy range. It has increased from 3.01 (Mar 24) to 3.77, marking an increase of 0.76.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.18. This value is below the healthy minimum of 3. It has increased from 1.77 (Mar 24) to 2.18, marking an increase of 0.41.
- For Enterprise Value (Cr.), as of Mar 25, the value is 249.15. It has increased from 202.85 (Mar 24) to 249.15, marking an increase of 46.30.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.05. This value is within the healthy range. It has increased from 0.85 (Mar 24) to 1.05, marking an increase of 0.20.
- For EV / EBITDA (X), as of Mar 25, the value is 9.40. This value is within the healthy range. It has decreased from 11.44 (Mar 24) to 9.40, marking a decrease of 2.04.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.62 (Mar 24) to 0.76, marking an increase of 0.14.
- For Retention Ratios (%), as of Mar 25, the value is 86.87. This value exceeds the healthy maximum of 70. It has increased from 76.01 (Mar 24) to 86.87, marking an increase of 10.86.
- For Price / BV (X), as of Mar 25, the value is 2.01. This value is within the healthy range. It has increased from 1.80 (Mar 24) to 2.01, marking an increase of 0.21.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.62 (Mar 24) to 0.76, marking an increase of 0.14.
- For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.04, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kalyani Forge Ltd:
- Net Profit Margin: 3.51%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 16.99% (Industry Average ROCE: 10.77%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 9.27% (Industry Average ROE: 10.71%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 2.18
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.75
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 26.8 (Industry average Stock P/E: 116.07)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.79
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 3.51%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Forgings | Shangrila Gardens, �C� Wing, 1st Floor, Pune Maharashtra 411001 | companysecretary@kforge.com http://www.kalyaniforge.co.in |
| Management | |
|---|---|
| Name | Position Held |
| Mrs. Rohini G Kalyani | Executive Chairperson |
| Mr. Viraj G Kalyani | Managing Director & CFO |
| Mr. Abhijit Sen | Non Exe. & Ind. Director |
| Mr. Gaurishankar N Kalyani | Non Exe.Non Ind.Director |
| Mr. Ajay Tandon | Independent Director |
| Mr. Jeevan Mahaldar | Independent Director |
FAQ
What is the intrinsic value of Kalyani Forge Ltd?
Kalyani Forge Ltd's intrinsic value (as of 03 November 2025) is 520.34 which is 25.88% lower the current market price of 702.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 252 Cr. market cap, FY2025-2026 high/low of 890/442, reserves of ₹86 Cr, and liabilities of 230 Cr.
What is the Market Cap of Kalyani Forge Ltd?
The Market Cap of Kalyani Forge Ltd is 252 Cr..
What is the current Stock Price of Kalyani Forge Ltd as on 03 November 2025?
The current stock price of Kalyani Forge Ltd as on 03 November 2025 is 702.
What is the High / Low of Kalyani Forge Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Kalyani Forge Ltd stocks is 890/442.
What is the Stock P/E of Kalyani Forge Ltd?
The Stock P/E of Kalyani Forge Ltd is 26.8.
What is the Book Value of Kalyani Forge Ltd?
The Book Value of Kalyani Forge Ltd is 247.
What is the Dividend Yield of Kalyani Forge Ltd?
The Dividend Yield of Kalyani Forge Ltd is 0.57 %.
What is the ROCE of Kalyani Forge Ltd?
The ROCE of Kalyani Forge Ltd is 12.3 %.
What is the ROE of Kalyani Forge Ltd?
The ROE of Kalyani Forge Ltd is 9.77 %.
What is the Face Value of Kalyani Forge Ltd?
The Face Value of Kalyani Forge Ltd is 10.0.