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Last Updated: April 2, 2026, 3:11 am
Author: Getaka|Social: XLinkedIn

Kalyani Investment Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹6,036.35Undervalued by 42.91%vs CMP ₹4,224.00

P/E (42.8) × ROE (0.8%) × BV (₹20,576.00) × DY (2.00%)

₹4,359.26Fairly Valued by 3.20%vs CMP ₹4,224.00
MoS: +3.1% (Thin)Confidence: 53/100 (Moderate)Models: 3 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5,705.9022%Under (+35.1%)
Graham NumberEarnings₹6,764.2016%Under (+60.1%)
Earnings PowerEarnings₹1,303.0013%Over (-69.2%)
DCFCash Flow₹970.3213%Over (-77%)
Net Asset ValueAssets₹20,550.247%Under (+386.5%)
EV/EBITDAEnterprise₹1,894.629%Over (-55.1%)
Earnings YieldEarnings₹988.307%Over (-76.6%)
ROCE CapitalReturns₹154.137%Over (-96.4%)
Revenue MultipleRevenue₹267.725%Over (-93.7%)
Consensus (9 models)₹4,359.26100%Fairly Valued
Key Drivers: ROE 0.8% is below cost of equity. | Wide model spread (₹154–₹20,550) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -5.5%

*Investments are subject to market risks

Investment Snapshot

54
Kalyani Investment Company Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 1.2% WeakROE 0.8% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.14% (6mo) Slight increasePromoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 91% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): 1% YoY FlatProfit (4Q): -43% YoY DecliningOPM: 35.8% (up 27.1% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 42.8 vs industry 98.5 Cheaper than peersROCE 1.2% vs industry 21.7% Below peersROE 0.8% vs industry 14.2% Below peers3Y sales CAGR: 36% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Kalyani Investment Company Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 42.8 vs Ind 98.5 | ROCE 1.2% | ROE 0.8% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 7,657.74x | Borrow/Reserve 0.00x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹72 Cr | CFO/NP N/A
Ownership Accumulation
+50
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.08 pp | DII +0.24 pp | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -85.1% | Q NP -91.0% | Q OPM -25.8 pp
Derived FieldValueHow it is derived
Valuation Gap %+3.2%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.08 ppLatest FII% minus previous FII%
DII Change+0.24 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-300Latest shareholder count minus previous count
Quarterly Sales Change-85.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-91.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-25.8 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:11 am

Market Cap 1,846 Cr.
Current Price 4,224
Intrinsic Value₹4,359.26
High / Low 6,555/3,800
Stock P/E42.8
Book Value 20,576
Dividend Yield0.00 %
ROCE1.15 %
ROE0.84 %
Face Value 10.0
PEG Ratio-7.82

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kalyani Investment Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kalyani Investment Company Ltd 1,846 Cr. 4,224 6,555/3,80042.8 20,5760.00 %1.15 %0.84 % 10.0
Elcid Investments Ltd 1,830 Cr. 91,519 1,46,500/87,40014.1 5,40,8740.03 %1.98 %1.47 % 10.0
PTC India Financial Services Ltd 1,707 Cr. 26.6 44.5/23.85.11 46.40.00 %9.93 %8.20 % 10.0
Geojit Financial Services Ltd 1,595 Cr. 57.1 94.8/50.916.1 41.82.63 %18.8 %16.8 % 1.00
Monarch Networth Capital Ltd 2,109 Cr. 266 399/23513.2 1110.38 %33.3 %26.2 % 10.0
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of Kalyani Investment Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 12.573.243.4838.684.3620.294.8146.355.6221.445.7843.936.54
Expenses 0.481.590.621.161.311.430.770.805.132.409.8216.874.20
Operating Profit 12.091.652.8637.523.0518.864.0445.550.4919.04-4.0427.062.34
OPM % 96.18%50.93%82.18%97.00%69.95%92.95%83.99%98.27%8.72%88.81%-69.90%61.60%35.78%
Other Income 8.3211.292.173.945.0617.901.605.745.3915.740.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.030.020.020.030.030.020.020.030.020.010.000.000.00
Profit before tax 20.3812.925.0141.438.0836.745.6251.265.8634.77-4.0427.062.34
Tax % 22.87%26.47%25.75%25.01%24.88%20.58%25.98%24.97%44.71%26.17%-21.04%30.04%26.92%
Net Profit 15.739.503.7231.086.0829.174.1738.473.2325.68-3.1818.931.71
EPS in Rs 36.0321.768.5271.2013.9366.829.5588.137.4058.83-7.2843.363.92

Last Updated: March 4, 2026, 5:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:16 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 381028324283156677878
Expenses 222353335933
Operating Profit 36826293752853626944
OPM % 95%80%92%90%87%60%91%95%93%88%57%
Other Income -12-0253227424425292816
Interest 00000000000
Depreciation 00000000000
Profit before tax 248516163467177919760
Tax % 0%-0%-0%0%24%25%20%25%23%27%
Net Profit 3728516148355758707243
EPS in Rs 84.1663.91116.28139.92110.0579.24130.96133.05160.47163.8898.83
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-24.32%82.14%19.61%-21.31%-27.08%62.86%1.75%20.69%2.86%
Change in YoY Net Profit Growth (%)0.00%106.47%-62.54%-40.92%-5.77%89.94%-61.10%18.94%-17.83%

Kalyani Investment Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:37%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:8%
3 Years:8%
TTM:-9%
Stock Price CAGR
10 Years:11%
5 Years:28%
3 Years:41%
1 Year:-21%
Return on Equity
10 Years:%
5 Years:1%
3 Years:1%
Last Year:1%

Last Updated: September 5, 2025, 8:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:30 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 44444444444
Reserves 4344595,0443,7732,0044,6235,3465,8478,3008,7128,977
Borrowings 00000000000
Other Liabilities 191712445113115164474594634
Total Liabilities 4584805,0613,7812,0544,7415,4666,0158,7799,3109,616
Fixed Assets 11111000000
CWIP 00000000000
Investments 4574795,0583,7802,0174,6845,3805,8888,5969,0639,323
Other Assets 0020365786127183247293
Total Assets 4584805,0613,7812,0544,7415,4666,0158,7799,3109,616

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 13-010301-23-9-4-12-16
Cash from Investing Activity + -130-9-32-123941216
Cash from Financing Activity + 0000000000
Net Cash Flow 0-02-20-000-00
Free Cash Flow 13-010301-23-9-4-12-16
CFO/OP 35%-2%39%103%4%-456%-2%20%7%4%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow36.008.0026.0029.0037.005.0028.0053.0062.0069.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 0000000000
Inventory Days
Days Payable
Cash Conversion Cycle 0000000000
Working Capital Days -25-601-2-1381-18-19-12-13-13
ROCE %2%2%1%2%1%1%1%1%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs 2.51%2.50%2.31%1.90%1.39%1.24%1.06%0.39%0.51%0.55%0.57%0.65%
DIIs 0.01%0.01%0.05%0.01%0.13%0.18%0.18%0.40%0.40%0.23%0.23%0.47%
Public 22.50%22.49%22.65%23.11%23.49%23.58%23.77%24.21%24.10%24.23%24.21%23.90%
No. of Shareholders 16,64216,70218,21118,61519,63720,57020,47325,42826,13426,04125,54525,245

Shareholding Pattern Chart

No. of Shareholders

Kalyani Investment Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 163.89160.48133.05130.9779.23
Diluted EPS (Rs.) 163.89160.48133.05130.9779.23
Cash EPS (Rs.) 98.87110.7176.9731.35-16.21
Book Value[Excl.RevalReserv]/Share (Rs.) 19967.6119025.1813404.9512258.4910601.85
Book Value[Incl.RevalReserv]/Share (Rs.) 19967.6119025.1813404.9512258.4910601.85
Revenue From Operations / Share (Rs.) 179.20153.05127.4670.3318.25
PBDIT / Share (Rs.) 158.32159.29120.7163.7410.88
PBIT / Share (Rs.) 158.12159.07120.4963.5210.66
PBT / Share (Rs.) 158.12159.07120.4963.5210.66
Net Profit / Share (Rs.) 98.67110.4876.7431.13-16.43
NP After MI And SOA / Share (Rs.) 163.90160.49133.06130.9879.23
PBDIT Margin (%) 88.35104.0894.7090.6359.63
PBIT Margin (%) 88.23103.9394.5390.3258.41
PBT Margin (%) 88.23103.9394.5390.3258.41
Net Profit Margin (%) 55.0672.1860.2144.26-90.04
NP After MI And SOA Margin (%) 91.46104.86104.39186.25434.26
Return on Networth / Equity (%) 0.820.840.991.060.74
Return on Capital Employeed (%) 0.740.790.870.500.09
Return On Assets (%) 0.760.790.961.040.72
Asset Turnover Ratio (%) 0.010.010.010.010.00
Current Ratio (X) 3888.794109.783694.635275.947657.74
Quick Ratio (X) 3888.794109.783694.635275.947657.74
Enterprise Value (Cr.) 1588.001387.61639.56607.01629.03
EV / Net Operating Revenue (X) 20.3020.7711.5019.7778.98
EV / EBITDA (X) 22.9819.9612.1421.82132.45
MarketCap / Net Operating Revenue (X) 23.4523.5013.7722.5686.05
Price / BV (X) 0.210.180.130.120.14
Price / Net Operating Revenue (X) 23.4523.5013.7722.5686.05
EarningsYield 0.030.040.070.080.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kalyani Investment Company Ltd. is a Public Limited Listed company incorporated on 25/06/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65993PN2009PLC134196 and registration number is 134196. Currently company belongs to the Industry of Finance & Investments. Company's Total Operating Revenue is Rs. 82.86 Cr. and Equity Capital is Rs. 4.37 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsMundhwa, Pune Maharashtra 411036Contact not found
Management
NamePosition Held
Mr. Amit B KalyaniChairman
Mrs. Deeksha A KalyaniNon Executive Director
Mr. R K GoyalNon Executive Director
Mrs. Shruti Anup ShahIndependent Director
Mr. Sanjeev G JoglekarIndependent Director
Mr. S K AdivarekarIndependent Director

FAQ

What is the intrinsic value of Kalyani Investment Company Ltd and is it undervalued?

As of 05 April 2026, Kalyani Investment Company Ltd's intrinsic value is ₹4359.26, which is 3.20% higher than the current market price of ₹4,224.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (0.84 %), book value (₹20,576), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kalyani Investment Company Ltd?

Kalyani Investment Company Ltd is trading at ₹4,224.00 as of 05 April 2026, with a FY2026-2027 high of ₹6,555 and low of ₹3,800. The stock is currently near its 52-week low. Market cap stands at ₹1,846 Cr..

How does Kalyani Investment Company Ltd's P/E ratio compare to its industry?

Kalyani Investment Company Ltd has a P/E ratio of 42.8, which is below the industry average of 98.51. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Kalyani Investment Company Ltd financially healthy?

Key indicators for Kalyani Investment Company Ltd: ROCE of 1.15 % is on the lower side compared to the industry average of 21.71%; ROE of 0.84 % is below ideal levels (industry average: 14.20%). Dividend yield is 0.00 %.

Is Kalyani Investment Company Ltd profitable and how is the profit trend?

Kalyani Investment Company Ltd reported a net profit of ₹72 Cr in Mar 2025 on revenue of ₹78 Cr. Compared to ₹57 Cr in Mar 2022, the net profit shows an improving trend.

Does Kalyani Investment Company Ltd pay dividends?

Kalyani Investment Company Ltd has a dividend yield of 0.00 % at the current price of ₹4,224.00. The company is currently not paying meaningful dividends.

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 Investment Company 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
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