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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kalyani Forge Ltd

About the Company - Kalyani Forge Ltd

Kalyani Forge Ltd. is a Public Limited Listed company incorporated on 29/01/1979 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28910MH1979PLC020959 and registration number is 020959. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 246.50 Cr. and Equity Capital is Rs. 3.64 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ForgingsShangrila Gardens, �C� Wing, 1st Floor, Pune Maharashtra 411001companysecretary@kforge.com
http://www.kalyaniforge.co.in
Management
NamePosition Held
Mrs. Rohini G KalyaniExecutive Chairperson
Mr. Viraj G KalyaniExecutive Director
Mr. Abhijit SenIndependent Director
Mr. Pradip P NadkarniIndependent Director
Mr. Gaurishankar N KalyaniNon Executive Director
Mr. Adit M RathiIndependent Director

Basic Stock Data of Kalyani Forge Ltd

Last Updated: June 20, 2024, 10:41 pm

Market Cap 238 Cr.
Current Price 657
High / Low728/234
Stock P/E52.3
Book Value 225
Dividend Yield0.46 %
ROCE8.04 %
ROE4.85 %
Face Value 10.0
PEG Ratio0.52

Kalyani Forge Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales56.0966.8856.0262.9361.1566.4058.6373.5470.0864.4259.3560.9159.70
Expenses50.6962.2351.5457.3956.4662.4255.9771.9364.1960.1254.2456.2256.81
Operating Profit5.404.654.485.544.693.982.661.615.894.305.114.692.89
OPM %9.63%6.95%8.00%8.80%7.67%5.99%4.54%2.19%8.40%6.67%8.61%7.70%4.84%
Other Income0.680.110.250.090.150.821.850.061.361.900.321.081.76
Interest1.170.520.721.050.801.060.730.561.100.981.211.451.75
Depreciation3.173.153.103.123.083.043.082.952.652.502.532.721.25
Profit before tax1.741.090.911.460.960.700.70-1.843.502.721.691.601.65
Tax %-47.70%133.03%12.09%25.34%50.00%-10.00%-65.71%41.85%20.57%72.06%39.05%18.12%7.88%
Net Profit2.57-0.360.801.090.480.761.15-1.082.770.761.031.301.51
EPS in Rs7.06-0.992.203.001.322.093.16-2.977.612.092.833.574.15

Last Updated: June 7, 2024, 9:01 am

Kalyani Forge Ltd Quarterly Chart

Kalyani Forge Ltd Profit & Loss

Last Updated: May 27, 2024, 5:38 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales278261205241231227259286201181246267244
Expenses238228182226215212237261193168228252227
Operating Profit4033241416152226813191417
OPM %14%13%11%6%7%7%8%9%4%7%8%5%7%
Other Income1222357631155
Interest9856546853435
Depreciation1213131312101315141312119
Profit before tax20147-325910-8-2458
Tax %32%36%33%24%46%33%29%28%15%15%22%29%
Net Profit1395-21377-7-2345
EPS in Rs36.8624.2713.14-6.213.029.5718.0319.13-19.05-4.848.609.9212.64
Dividend Payout %7%10%19%0%66%21%19%21%-5%-31%35%30%

Kalyani Forge Ltd Profit & Loss Yearly Chart

Kalyani Forge Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:-4%
3 Years:9%
TTM:-11%
Compounded Profit Growth
10 Years:-1%
5 Years:-8%
3 Years:76%
TTM:24%
Stock Price CAGR
10 Years:9%
5 Years:12%
3 Years:30%
1 Year:93%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:4%
Last Year:5%

Last Updated: June 13, 2024, 3:29 am

Kalyani Forge Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4444444444444
Reserves889599949498103108989799102104
Borrowings72696047416363473127263857
Other Liabilities54514857607165695156546272
Total Liabilities217219210201199236235227184183183206237
Fixed Assets82837961646084786553443941
CWIP5714178305011239
Investments0000000000000
Other Assets130128117123127147146148118129137164187
Total Assets217219210201199236235227184183183206237

Kalyani Forge Ltd Reserves and Borrowings Chart

Kalyani Forge Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 333019251915123024711-2
Cash from Investing Activity -15-24-6-2-5-41-2-7-1-1-4-6
Cash from Financing Activity -12-11-15-20-1119-8-25-23-7-58
Net Cash Flow7-5-233-72-2-0-12-1

Kalyani Forge Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days8494929899999610313510810595
Inventory Days9213096117156139123143178135173180
Days Payable8810611812814614312212314195104146
Cash Conversion Cycle8811870871099497123172148173129
Working Capital Days6889717684928297137112131117
ROCE %13%8%2%5%6%9%10%-2%1%6%6%

Kalyani Forge Ltd Financial Efficiency Indicators Chart

Kalyani Forge Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.61%58.61%58.61%58.61%58.61%58.61%58.61%58.71%58.71%58.71%58.71%58.71%
Public41.39%41.39%41.39%41.39%41.39%41.39%41.38%41.28%41.29%41.28%41.28%41.29%
No. of Shareholders4,2174,3254,1984,2904,2464,2384,2984,9335,0074,9495,5965,530

Kalyani Forge Ltd Shareholding Pattern Chart

No. of Kalyani Forge Ltd Shareholders

This stock is not held by any mutual fund

Kalyani Forge Ltd ROCE Trend

Kalyani Forge Ltd EPS Trend

Kalyani Forge Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)12.519.928.61-4.84-19.04
Diluted EPS (Rs.)12.519.928.61-4.84-19.04
Cash EPS (Rs.)29.5940.6742.5230.4019.13
Book Value[Excl.RevalReserv]/Share (Rs.)225.35289.86282.88275.33280.63
Book Value[Incl.RevalReserv]/Share (Rs.)225.35289.86282.88275.33280.63
Dividend / Share (Rs.)3.003.003.001.501.00
Revenue From Operations / Share (Rs.)650.69732.82677.39496.79552.21
PBDIT / Share (Rs.)48.7358.9454.9337.2430.59
PBIT / Share (Rs.)31.6528.1921.022.00-7.57
PBT / Share (Rs.)15.4413.9211.05-5.69-22.34
Net Profit / Share (Rs.)12.519.918.61-4.84-19.03
PBDIT Margin (%)7.488.048.107.495.54
PBIT Margin (%)4.863.843.100.40-1.37
PBT Margin (%)2.371.891.63-1.14-4.04
Net Profit Margin (%)1.921.351.27-0.97-3.44
Return on Networth / Equity (%)5.543.423.04-1.75-6.78
Return on Capital Employeed (%)10.559.076.980.68-2.53
Return On Assets (%)2.221.751.70-0.96-3.75
Long Term Debt / Equity (X)0.230.010.000.000.01
Total Debt / Equity (X)0.740.360.250.260.24
Asset Turnover Ratio (%)1.151.371.340.980.97
Current Ratio (X)1.421.691.741.581.46
Quick Ratio (X)0.830.931.080.990.93
Inventory Turnover Ratio (X)1.622.652.802.172.30
Dividend Payout Ratio (NP) (%)0.0030.2417.42-20.66-25.29
Dividend Payout Ratio (CP) (%)0.007.373.523.2825.15
Earning Retention Ratio (%)0.0069.7682.58120.66125.29
Cash Earning Retention Ratio (%)0.0092.6396.4896.7274.85
Interest Coverage Ratio (X)3.016.365.514.842.07
Interest Coverage Ratio (Post Tax) (X)1.772.611.860.37-0.28
Enterprise Value (Cr.)202.85113.5187.8193.6152.33
EV / Net Operating Revenue (X)0.850.420.350.510.26
EV / EBITDA (X)11.445.294.396.914.70
MarketCap / Net Operating Revenue (X)0.620.300.270.380.16
Retention Ratios (%)0.0069.7582.57120.66125.29
Price / BV (X)1.800.760.640.700.32
Price / Net Operating Revenue (X)0.620.300.270.380.16
EarningsYield0.030.040.04-0.02-0.21

Kalyani Forge Ltd Profitability Ratios (%)

Kalyani Forge Ltd Liquidity Ratios

Kalyani Forge Ltd Liquidity Ratios (%)

Kalyani Forge Ltd Interest Coverage Ratios (%)

Kalyani Forge Ltd Valuation Ratios

Fair Value

Fair Value: 573.35

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 12.73% compared to the current price 657

Intrinsic Value: 1,151.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 75.28% compared to the current price ₹657

Last 5 Year EPS CAGR: 100.86%

*Investments are subject to market risks

Strength and Weakness of Kalyani Forge Ltd Stock

StrengthWeakness
  1. The company has higher reserves (98.38 cr) compared to borrowings (49.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (240.54 cr) and profit (5.46 cr) over the years.
  1. The stock has a low average ROCE of 5.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 96.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 117.33, which may not be favorable.

FAQ

What is the latest fair value of Kalyani Forge Ltd?

The latest fair value of Kalyani Forge Ltd is ₹573.35.

What is the Market Cap of Kalyani Forge Ltd?

The Market Cap of Kalyani Forge Ltd is 238 Cr..

What is the current Stock Price of Kalyani Forge Ltd as on 21 June 2024?

The current stock price of Kalyani Forge Ltd as on 21 June 2024 is ₹657.

What is the High / Low of Kalyani Forge Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kalyani Forge Ltd stocks is 728/234.

What is the Stock P/E of Kalyani Forge Ltd?

The Stock P/E of Kalyani Forge Ltd is 52.3.

What is the Book Value of Kalyani Forge Ltd?

The Book Value of Kalyani Forge Ltd is 225.

What is the Dividend Yield of Kalyani Forge Ltd?

The Dividend Yield of Kalyani Forge Ltd is 0.46 %.

What is the ROCE of Kalyani Forge Ltd?

The ROCE of Kalyani Forge Ltd is 8.04 %.

What is the ROE of Kalyani Forge Ltd?

The ROE of Kalyani Forge Ltd is 4.85 %.

What is the Face Value of Kalyani Forge Ltd?

The Face Value of Kalyani Forge Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kalyani Forge Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE