Kalyani Steels Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:38 pm

Market Cap	3,502 Cr.
Current Price	802
High / Low	1,279/651
Stock P/E	14.8
Book Value	404
Dividend Yield	1.25 %
ROCE	16.6 %
ROE	15.5 %
Face Value	5.00
PEG Ratio	3.34

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Kalyani Steels Ltd

Competitors of Kalyani Steels Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Modern Steels Ltd	21.1 Cr.	15.3	36.2/13.9	23.9	9.69	0.00 %	4.19 %	4.42 %	10.0
Ashiana Ispat Ltd	25.4 Cr.	31.9	62.6/30.0		46.4	0.00 %	7.41 %	1.79 %	10.0
Ahmedabad Steelcraft Ltd	377 Cr.	250	391/33.8	63.2	29.6	0.00 %	18.1 %	16.9 %	10.0
Sunflag Iron & Steel Company Ltd	4,349 Cr.	241	311/175	26.9	385	0.00 %	5.69 %	3.37 %	10.0
Kalyani Steels Ltd	3,502 Cr.	802	1,279/651	14.8	404	1.25 %	16.6 %	15.5 %	5.00
Industry Average	2,960.00 Cr	243.37		29.92	154.85	0.28%	11.65%	9.01%	8.33

All Competitor Stocks of Kalyani Steels Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	407	449	493	500	447	460	497	480	480	503	461	492	484
Expenses	346	352	457	449	390	358	404	387	384	413	382	396	401
Operating Profit	61	97	36	51	57	102	92	93	96	90	79	96	83
OPM %	15%	22%	7%	10%	13%	22%	19%	19%	20%	18%	17%	20%	17%
Other Income	12	10	13	13	16	15	12	9	12	13	12	14	12
Interest	3	3	5	6	9	9	7	9	5	3	4	5	6
Depreciation	12	12	12	12	12	13	16	15	15	15	16	16	16
Profit before tax	58	91	32	46	52	95	82	78	88	84	72	90	75
Tax %	26%	25%	26%	25%	25%	26%	26%	26%	25%	26%	28%	25%	26%
Net Profit	43	68	24	35	39	70	61	58	65	63	52	67	55
EPS in Rs	9.80	15.67	5.41	7.93	8.95	15.97	14.03	13.36	14.97	14.33	11.81	15.30	12.69

Last Updated: February 28, 2025, 6:58 pm

Below is a detailed analysis of the quarterly data for Kalyani Steels Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹484.00 Cr.. The value appears to be declining and may need further review. It has decreased from 492.00 Cr. (Sep 2024) to ₹484.00 Cr., marking a decrease of 8.00 Cr..
For Expenses, as of Dec 2024, the value is ₹401.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 396.00 Cr. (Sep 2024) to ₹401.00 Cr., marking an increase of ₹5.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹83.00 Cr.. The value appears to be declining and may need further review. It has decreased from 96.00 Cr. (Sep 2024) to ₹83.00 Cr., marking a decrease of 13.00 Cr..
For OPM %, as of Dec 2024, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 20.00% (Sep 2024) to 17.00%, marking a decrease of 3.00%.
For Other Income, as of Dec 2024, the value is ₹12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 14.00 Cr. (Sep 2024) to ₹12.00 Cr., marking a decrease of 2.00 Cr..
For Interest, as of Dec 2024, the value is ₹6.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Sep 2024) to ₹6.00 Cr., marking an increase of ₹1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹16.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 16.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹75.00 Cr.. The value appears to be declining and may need further review. It has decreased from 90.00 Cr. (Sep 2024) to ₹75.00 Cr., marking a decrease of 15.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2024) to 26.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is ₹55.00 Cr.. The value appears to be declining and may need further review. It has decreased from 67.00 Cr. (Sep 2024) to ₹55.00 Cr., marking a decrease of 12.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 12.69. The value appears to be declining and may need further review. It has decreased from ₹15.30 (Sep 2024) to 12.69, marking a decrease of ₹2.61.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 7:47 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	809	1,116	1,226	1,180	1,257	1,345	1,407	1,199	1,188	1,706	1,899	1,959	1,940
Expenses	732	987	1,059	945	970	1,142	1,194	1,004	925	1,367	1,654	1,588	1,592
Operating Profit	77	129	168	235	288	203	212	195	263	339	246	371	349
OPM %	9%	12%	14%	20%	23%	15%	15%	16%	22%	20%	13%	19%	18%
Other Income	7	12	2	3	13	17	25	23	43	46	56	47	52
Interest	22	17	15	12	10	9	7	8	7	13	28	25	18
Depreciation	24	34	31	52	52	37	38	43	44	46	49	61	63
Profit before tax	38	89	124	174	239	175	192	168	255	326	225	333	320
Tax %	37%	35%	33%	35%	35%	34%	31%	18%	25%	25%	26%	26%
Net Profit	24	59	83	114	156	115	132	137	190	243	167	247	236
EPS in Rs	5.47	13.42	19.08	26.02	35.85	26.32	30.25	31.41	43.59	55.65	38.26	56.69	54.13
Dividend Payout %	27%	22%	0%	0%	14%	19%	17%	16%	17%	18%	26%	18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	145.83%	40.68%	37.35%	36.84%	-26.28%	14.78%	3.79%	38.69%	27.89%	-31.28%	47.90%
Change in YoY Net Profit Growth (%)	0.00%	-105.16%	-3.33%	-0.51%	-63.12%	41.06%	-10.99%	34.90%	-10.79%	-59.17%	79.18%

Kalyani Steels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	7%
3 Years:	18%
TTM:	1%

Compounded Profit Growth
10 Years:	15%
5 Years:	15%
3 Years:	9%
TTM:	-7%

Stock Price CAGR
10 Years:	19%
5 Years:	35%
3 Years:	38%
1 Year:	-14%

Return on Equity
10 Years:	17%
5 Years:	16%
3 Years:	15%
Last Year:	16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:33 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	22	22	22	22	22	22	22	22	22	22	22	22	22
Reserves	333	376	454	568	680	763	869	942	1,132	1,346	1,468	1,670	1,743
Borrowings	170	206	219	327	239	169	18	0	168	438	506	596	560
Other Liabilities	311	430	390	338	421	325	422	400	328	551	355	297	425
Total Liabilities	836	1,035	1,084	1,255	1,361	1,278	1,330	1,364	1,650	2,356	2,351	2,584	2,750
Fixed Assets	337	339	442	488	436	437	422	418	382	358	599	734	705
CWIP	14	10	13	0	5	5	5	5	11	154	18	381	403
Investments	49	31	77	249	234	280	366	177	144	147	146	145	171
Other Assets	436	654	552	517	686	557	537	763	1,113	1,696	1,587	1,324	1,471
Total Assets	836	1,035	1,084	1,255	1,361	1,278	1,330	1,364	1,650	2,356	2,351	2,584	2,750

Below is a detailed analysis of the balance sheet data for Kalyani Steels Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹22.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹22.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,743.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,670.00 Cr. (Mar 2024) to ₹1,743.00 Cr., marking an increase of 73.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹560.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹596.00 Cr. (Mar 2024) to ₹560.00 Cr., marking a decrease of 36.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹425.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹297.00 Cr. (Mar 2024) to ₹425.00 Cr., marking an increase of 128.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹2,750.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹2,584.00 Cr. (Mar 2024) to ₹2,750.00 Cr., marking an increase of 166.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹705.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹734.00 Cr. (Mar 2024) to ₹705.00 Cr., marking a decrease of 29.00 Cr..
For CWIP, as of Sep 2024, the value is ₹403.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹381.00 Cr. (Mar 2024) to ₹403.00 Cr., marking an increase of 22.00 Cr..
For Investments, as of Sep 2024, the value is ₹171.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹145.00 Cr. (Mar 2024) to ₹171.00 Cr., marking an increase of 26.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,471.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,324.00 Cr. (Mar 2024) to ₹1,471.00 Cr., marking an increase of 147.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹2,750.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,584.00 Cr. (Mar 2024) to ₹2,750.00 Cr., marking an increase of 166.00 Cr..

Notably, the Reserves (₹1,743.00 Cr.) exceed the Borrowings (560.00 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.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	132	39	114	161	152	191	286	257	62	263	-126	302
Cash from Investing Activity +	-87	-43	-107	-255	-38	-77	-117	-183	-226	-470	153	-304
Cash from Financing Activity +	-55	12	-19	97	-98	-105	-181	-80	160	218	-39	12
Net Cash Flow	-10	8	-12	2	16	10	-12	-6	-3	11	-12	9

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-93.00	-77.00	-51.00	-92.00	49.00	34.00	194.00	195.00	95.00	-99.00	-260.00	-225.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	81	108	98	107	135	102	80	72	77	89	78	78
Inventory Days	103	112	97	90	81	53	71	74	71	82	100	66
Days Payable	121	160	131	120	147	88	153	184	140	172	81	67
Cash Conversion Cycle	63	60	64	77	69	67	-1	-39	7	-1	97	77
Working Capital Days	71	75	76	78	65	53	25	11	35	35	94	80
ROCE %	11%	19%	21%	23%	27%	19%	20%	19%	23%	22%	13%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	64.71%	64.71%	64.71%	64.69%	64.70%	64.70%	64.70%	64.70%	64.70%	64.70%	64.70%	64.70%
FIIs	3.05%	3.04%	0.00%	3.06%	2.88%	2.88%	2.89%	2.85%	2.73%	2.71%	2.54%	2.45%
DIIs	9.13%	9.14%	9.13%	9.13%	9.14%	9.14%	9.04%	9.26%	8.75%	9.37%	12.18%	12.03%
Public	23.11%	23.11%	26.15%	23.12%	23.29%	23.28%	23.39%	23.18%	23.81%	23.21%	20.59%	20.82%
No. of Shareholders	45,679	44,204	44,496	43,811	43,094	42,594	42,390	41,836	42,757	42,135	45,777	46,153

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	3,753,185	1.46	172.38	66,979	2025-03-05	5503.52%
JM Value Fund	66,979	1.07	3.08	66,979	2025-03-05	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	56.99	55.93	43.59	31.29	30.17
Diluted EPS (Rs.)	56.99	55.93	43.59	31.29	30.17
Cash EPS (Rs.)	70.79	67.14	53.54	40.43	38.83
Book Value[Excl.RevalReserv]/Share (Rs.)	384.18	312.72	262.85	219.41	202.32
Book Value[Incl.RevalReserv]/Share (Rs.)	384.18	312.72	262.85	219.41	202.32
Revenue From Operations / Share (Rs.)	448.11	390.15	271.69	274.18	321.67
PBDIT / Share (Rs.)	95.55	89.19	69.97	49.66	51.60
PBIT / Share (Rs.)	81.66	78.70	59.87	39.90	42.81
PBT / Share (Rs.)	76.18	75.61	58.25	37.70	43.87
Net Profit / Share (Rs.)	56.89	56.65	43.45	30.66	30.04
NP After MI And SOA / Share (Rs.)	56.89	55.83	43.51	31.24	30.12
PBDIT Margin (%)	21.32	22.86	25.75	18.11	16.04
PBIT Margin (%)	18.22	20.17	22.03	14.55	13.30
PBT Margin (%)	16.99	19.38	21.44	13.75	13.63
Net Profit Margin (%)	12.69	14.52	15.99	11.18	9.34
NP After MI And SOA Margin (%)	12.69	14.31	16.01	11.39	9.36
Return on Networth / Equity (%)	14.80	17.85	16.49	14.18	14.79
Return on Capital Employeed (%)	19.92	21.64	21.61	17.28	19.84
Return On Assets (%)	9.66	10.81	11.52	10.01	9.55
Long Term Debt / Equity (X)	0.04	0.13	0.02	0.00	0.01
Total Debt / Equity (X)	0.35	0.24	0.15	0.00	0.01
Asset Turnover Ratio (%)	0.00	0.87	0.78	0.87	1.06
Current Ratio (X)	1.76	2.33	2.34	2.21	1.78
Quick Ratio (X)	1.39	2.01	2.07	1.86	1.43
Inventory Turnover Ratio (X)	0.00	5.76	4.46	4.18	6.01
Dividend Payout Ratio (NP) (%)	17.54	13.41	0.00	31.95	16.57
Dividend Payout Ratio (CP) (%)	14.10	11.28	0.00	24.34	12.82
Earning Retention Ratio (%)	82.46	86.59	0.00	68.05	83.43
Cash Earning Retention Ratio (%)	85.90	88.72	0.00	75.66	87.18
Interest Coverage Ratio (X)	16.19	28.90	43.15	22.60	30.90
Interest Coverage Ratio (Post Tax) (X)	10.57	19.36	27.79	14.96	17.36
Enterprise Value (Cr.)	3779.81	660.30	936.91	191.74	904.66
EV / Net Operating Revenue (X)	1.93	0.38	0.78	0.15	0.64
EV / EBITDA (X)	9.05	1.69	3.06	0.88	4.01
MarketCap / Net Operating Revenue (X)	1.91	0.75	1.17	0.45	0.66
Retention Ratios (%)	82.45	86.58	0.00	68.04	83.42
Price / BV (X)	2.22	0.94	1.21	0.57	1.06
Price / Net Operating Revenue (X)	1.91	0.75	1.17	0.45	0.66
EarningsYield	0.06	0.18	0.13	0.24	0.13

After reviewing the key financial ratios for Kalyani Steels Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 22) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 56.99. This value is within the healthy range. It has increased from 55.93 (Mar 22) to 56.99, marking an increase of 1.06.
For Diluted EPS (Rs.), as of Mar 24, the value is 56.99. This value is within the healthy range. It has increased from 55.93 (Mar 22) to 56.99, marking an increase of 1.06.
For Cash EPS (Rs.), as of Mar 24, the value is 70.79. This value is within the healthy range. It has increased from 67.14 (Mar 22) to 70.79, marking an increase of 3.65.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 384.18. It has increased from 312.72 (Mar 22) to 384.18, marking an increase of 71.46.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 384.18. It has increased from 312.72 (Mar 22) to 384.18, marking an increase of 71.46.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 448.11. It has increased from 390.15 (Mar 22) to 448.11, marking an increase of 57.96.
For PBDIT / Share (Rs.), as of Mar 24, the value is 95.55. This value is within the healthy range. It has increased from 89.19 (Mar 22) to 95.55, marking an increase of 6.36.
For PBIT / Share (Rs.), as of Mar 24, the value is 81.66. This value is within the healthy range. It has increased from 78.70 (Mar 22) to 81.66, marking an increase of 2.96.
For PBT / Share (Rs.), as of Mar 24, the value is 76.18. This value is within the healthy range. It has increased from 75.61 (Mar 22) to 76.18, marking an increase of 0.57.
For Net Profit / Share (Rs.), as of Mar 24, the value is 56.89. This value is within the healthy range. It has increased from 56.65 (Mar 22) to 56.89, marking an increase of 0.24.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 56.89. This value is within the healthy range. It has increased from 55.83 (Mar 22) to 56.89, marking an increase of 1.06.
For PBDIT Margin (%), as of Mar 24, the value is 21.32. This value is within the healthy range. It has decreased from 22.86 (Mar 22) to 21.32, marking a decrease of 1.54.
For PBIT Margin (%), as of Mar 24, the value is 18.22. This value is within the healthy range. It has decreased from 20.17 (Mar 22) to 18.22, marking a decrease of 1.95.
For PBT Margin (%), as of Mar 24, the value is 16.99. This value is within the healthy range. It has decreased from 19.38 (Mar 22) to 16.99, marking a decrease of 2.39.
For Net Profit Margin (%), as of Mar 24, the value is 12.69. This value exceeds the healthy maximum of 10. It has decreased from 14.52 (Mar 22) to 12.69, marking a decrease of 1.83.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 12.69. This value is within the healthy range. It has decreased from 14.31 (Mar 22) to 12.69, marking a decrease of 1.62.
For Return on Networth / Equity (%), as of Mar 24, the value is 14.80. This value is below the healthy minimum of 15. It has decreased from 17.85 (Mar 22) to 14.80, marking a decrease of 3.05.
For Return on Capital Employeed (%), as of Mar 24, the value is 19.92. This value is within the healthy range. It has decreased from 21.64 (Mar 22) to 19.92, marking a decrease of 1.72.
For Return On Assets (%), as of Mar 24, the value is 9.66. This value is within the healthy range. It has decreased from 10.81 (Mar 22) to 9.66, marking a decrease of 1.15.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.04. This value is below the healthy minimum of 0.2. It has decreased from 0.13 (Mar 22) to 0.04, marking a decrease of 0.09.
For Total Debt / Equity (X), as of Mar 24, the value is 0.35. This value is within the healthy range. It has increased from 0.24 (Mar 22) to 0.35, marking an increase of 0.11.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.00. It has decreased from 0.87 (Mar 22) to 0.00, marking a decrease of 0.87.
For Current Ratio (X), as of Mar 24, the value is 1.76. This value is within the healthy range. It has decreased from 2.33 (Mar 22) to 1.76, marking a decrease of 0.57.
For Quick Ratio (X), as of Mar 24, the value is 1.39. This value is within the healthy range. It has decreased from 2.01 (Mar 22) to 1.39, marking a decrease of 0.62.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 4. It has decreased from 5.76 (Mar 22) to 0.00, marking a decrease of 5.76.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 17.54. This value is below the healthy minimum of 20. It has increased from 13.41 (Mar 22) to 17.54, marking an increase of 4.13.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 14.10. This value is below the healthy minimum of 20. It has increased from 11.28 (Mar 22) to 14.10, marking an increase of 2.82.
For Earning Retention Ratio (%), as of Mar 24, the value is 82.46. This value exceeds the healthy maximum of 70. It has decreased from 86.59 (Mar 22) to 82.46, marking a decrease of 4.13.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 85.90. This value exceeds the healthy maximum of 70. It has decreased from 88.72 (Mar 22) to 85.90, marking a decrease of 2.82.
For Interest Coverage Ratio (X), as of Mar 24, the value is 16.19. This value is within the healthy range. It has decreased from 28.90 (Mar 22) to 16.19, marking a decrease of 12.71.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 10.57. This value is within the healthy range. It has decreased from 19.36 (Mar 22) to 10.57, marking a decrease of 8.79.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,779.81. It has increased from 660.30 (Mar 22) to 3,779.81, marking an increase of 3,119.51.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.93. This value is within the healthy range. It has increased from 0.38 (Mar 22) to 1.93, marking an increase of 1.55.
For EV / EBITDA (X), as of Mar 24, the value is 9.05. This value is within the healthy range. It has increased from 1.69 (Mar 22) to 9.05, marking an increase of 7.36.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.91. This value is within the healthy range. It has increased from 0.75 (Mar 22) to 1.91, marking an increase of 1.16.
For Retention Ratios (%), as of Mar 24, the value is 82.45. This value exceeds the healthy maximum of 70. It has decreased from 86.58 (Mar 22) to 82.45, marking a decrease of 4.13.
For Price / BV (X), as of Mar 24, the value is 2.22. This value is within the healthy range. It has increased from 0.94 (Mar 22) to 2.22, marking an increase of 1.28.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.91. This value is within the healthy range. It has increased from 0.75 (Mar 22) to 1.91, marking an increase of 1.16.
For EarningsYield, as of Mar 24, the value is 0.06. This value is below the healthy minimum of 5. It has decreased from 0.18 (Mar 22) to 0.06, marking a decrease of 0.12.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kalyani Steels Ltd as of March 9, 2025 is: ₹750.69

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.

As of March 9, 2025, Kalyani Steels Ltd is Overvalued by 6.40% compared to the current share price 802.00

Intrinsic Value of Kalyani Steels Ltd as of March 9, 2025 is: 783.92

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 9, 2025, Kalyani Steels Ltd is Overvalued by 2.25% compared to the current share price 802.00

Last 5 Year EPS CAGR: 4.43%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 19.50%, which is a positive sign. The company has higher reserves (949.54 cr) compared to borrowings (278.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (63.15 cr) and profit (204.46 cr) over the years.	The stock has a high average Working Capital Days of 58.17, which may not be favorable. The stock has a high average Cash Conversion Cycle of 45.00, which may not be favorable.

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 Steels Ltd:
1. Net Profit Margin: 12.69%
  - 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.
2. ROCE: 19.92% (Industry Average ROCE: 11.65%)
  - 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.
3. ROE%: 14.8% (Industry Average ROE: 9.01%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 10.57
  - 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.
5. Quick Ratio: 1.39
  - 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.
6. Stock P/E: 14.8 (Industry average Stock P/E: 29.92)
  - 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.
7. Total Debt / Equity: 0.35
  - 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.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Kalyani Steels Ltd. is a Public Limited Listed company incorporated on 28/02/1973 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27104MH1973PLC016350 and registration number is 016350. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company's Total Operating Revenue is Rs. 1959.49 Cr. and Equity Capital is Rs. 21.86 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Steel - Rolling	Mundhwa, Pune Maharashtra 411036	investor@kalyanisteels.com http://www.kalyanisteels.com

Management
Name	Position Held
Mr. B N Kalyani	Chairman
Mr. R K Goyal	Managing Director
Mrs. Sunita B Kalyani	Non Executive Director
Mr. Amit B Kalyani	Non Executive Director
Mr. S M Kheny	Non Executive Director
Mr. B B Hattarki	Independent Director
Mr. M U Takale	Independent Director
Mr. Arun P Pawar	Independent Director
Mr. S K Adivarekar	Independent Director
Mr. S K Mandlik	Independent Director
Mrs. Shruti Anup Shah	Independent Director
Mr. Ahmad Javed	Independent Director

FAQ

What is the latest intrinsic value of Kalyani Steels Ltd?

The latest intrinsic value of Kalyani Steels Ltd as on 09 March 2025 is ₹750.69, which is 6.40% lower than the current market price of 802.00, indicating the stock is overvalued by 6.40%. The intrinsic value of Kalyani Steels Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹3,502 Cr. and recorded a high/low of ₹1,279/651 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,743 Cr and total liabilities of ₹2,750 Cr.

What is the Market Cap of Kalyani Steels Ltd?

The Market Cap of Kalyani Steels Ltd is 3,502 Cr..

What is the current Stock Price of Kalyani Steels Ltd as on 09 March 2025?

The current stock price of Kalyani Steels Ltd as on 09 March 2025 is ₹802.

What is the High / Low of Kalyani Steels Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Kalyani Steels Ltd stocks is ₹1,279/651.

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

The Stock P/E of Kalyani Steels Ltd is 14.8.

What is the Book Value of Kalyani Steels Ltd?

The Book Value of Kalyani Steels Ltd is 404.

What is the Dividend Yield of Kalyani Steels Ltd?

The Dividend Yield of Kalyani Steels Ltd is 1.25 %.

What is the ROCE of Kalyani Steels Ltd?

The ROCE of Kalyani Steels Ltd is 16.6 %.

What is the ROE of Kalyani Steels Ltd?

The ROE of Kalyani Steels Ltd is 15.5 %.

What is the Face Value of Kalyani Steels Ltd?

The Face Value of Kalyani Steels Ltd is 5.00.