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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kalyani Steels Ltd

About the Company - Kalyani Steels Ltd

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 basic iron and steel. Company’s Total Operating Revenue is Rs. 1706.03 Cr. and Equity Capital is Rs. 21.86 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - RollingMundhwa, Pune Maharashtra 411036investor@kalyanisteels.com
http://www.kalyanisteels.com
Management
NamePosition Held
Mr. B N KalyaniChairman
Mr. R K GoyalManaging Director
Mrs. Sunita B KalyaniNon Executive Director
Mr. Amit B KalyaniNon Executive Director
Mr. S M KhenyNon Executive Director
Mr. B B HattarkiIndependent Director
Mr. M U TakaleIndependent Director
Mr. Arun P PawarIndependent Director
Mr. S K AdivarekarIndependent Director
Mr. S K MandlikIndependent Director
Mrs. Shruti Anup ShahIndependent Director
Mr. Ahmad JavedIndependent Director

Basic Stock Data of Kalyani Steels Ltd

Last Updated: June 12, 2024, 10:37 pm

Market Cap 3,650 Cr.
Current Price 836
High / Low1,078/342
Stock P/E14.7
Book Value 387
Dividend Yield1.19 %
ROCE16.7 %
ROE15.6 %
Face Value 5.00
PEG Ratio1.37

Competitors of Kalyani Steels Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
ISMT Ltd 3,861 Cr. 128137/68.220.5 54.40.39 %17.9 %12.1 % 5.00
Ahmedabad Steelcraft Ltd 34.0 Cr. 83.183.1/18.0 56.50.00 %10.7 %9.53 % 10.0
Ashiana Ispat Ltd 44.5 Cr. 55.961.4/26.430.3 48.60.00 %8.21 %3.88 % 10.0
Sunflag Iron & Steel Company Ltd 3,813 Cr. 212249/15526.6 2870.00 %5.65 %3.38 % 10.0
Industry Average1,938.13 Cr119.7519.35111.630.10%10.62%7.22%8.75

Kalyani Steels Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales368377390461407449493500447460497480480
Expenses284273294375346352457449390358404387384
Operating Profit8410496866197365157102929396
OPM %23%28%25%19%15%22%7%10%13%22%19%19%20%
Other Income912121312101313161512912
Interest1333335699795
Depreciation11111111121212121213161515
Profit before tax811029383589132465295827888
Tax %25%26%25%26%26%25%26%25%25%26%26%26%25%
Net Profit60767062436824353970615865
EPS in Rs13.8617.3816.0214.159.8015.675.417.938.9515.9714.0313.3614.97

Last Updated: April 10, 2024, 7:19 am

Kalyani Steels Ltd Quarterly Chart

Kalyani Steels Ltd Profit & Loss

Last Updated: June 2, 2024, 9:58 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9768091,1161,2261,1801,2571,3451,4071,1991,1881,7061,8991,883
Expenses9347329871,0599459701,1421,1941,0049251,3671,6541,539
Operating Profit4377129168235288203212195263339246344
OPM %4%9%12%14%20%23%15%15%16%22%20%13%18%
Other Income27712231317252343465653
Interest2122171512109787132833
Depreciation26243431525237384344464956
Profit before tax223889124174239175192168255326225307
Tax %2%37%35%33%35%35%34%31%18%25%25%26%
Net Profit22245983114156115132137190243167228
EPS in Rs5.055.4713.4219.0826.0235.8526.3230.2531.4143.5955.6538.2652.31
Dividend Payout %20%27%22%0%0%14%19%17%16%17%18%26%

Kalyani Steels Ltd Profit & Loss Yearly Chart

Kalyani Steels Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:7%
3 Years:18%
TTM:3%
Compounded Profit Growth
10 Years:16%
5 Years:15%
3 Years:10%
TTM:49%
Stock Price CAGR
10 Years:24%
5 Years:30%
3 Years:28%
1 Year:144%
Return on Equity
10 Years:17%
5 Years:16%
3 Years:15%
Last Year:16%

Last Updated: June 5, 2024, 9:43 pm

Kalyani Steels Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22222222222222222222222222
Reserves3173333764545686807638699421,1321,3461,4681,543
Borrowings227170206219327239169180168438506260
Other Liabilities232311430390338421325422400328551355352
Total Liabilities7988361,0351,0841,2551,3611,2781,3301,3641,6502,3562,3512,176
Fixed Assets191337339442488436437422418382358599591
CWIP6014101305555111541861
Investments69493177249234280366177144147146146
Other Assets4794366545525176865575377631,1131,6961,5871,378
Total Assets7988361,0351,0841,2551,3611,2781,3301,3641,6502,3562,3512,176

Kalyani Steels Ltd Reserves and Borrowings Chart

Kalyani Steels Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1001323911416115219128625762263-126
Cash from Investing Activity -39-87-43-107-255-38-77-117-183-226-470153
Cash from Financing Activity -60-5512-1997-98-105-181-80160218-39
Net Cash Flow1-108-1221610-12-6-311-12

Kalyani Steels Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7481108981071351028072778978
Inventory Days711031129790815371747182100
Days Payable681211601311201478815318414017281
Cash Conversion Cycle77636064776967-1-397-197
Working Capital Days777175767865532511353594
ROCE %7%11%19%21%23%27%19%20%19%23%22%13%

Kalyani Steels Ltd Financial Efficiency Indicators Chart

Kalyani Steels Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.71%64.71%64.71%64.71%64.69%64.70%64.70%64.70%64.70%64.70%64.70%64.70%
FIIs2.92%3.05%3.04%0.00%3.06%2.88%2.88%2.89%2.85%2.73%2.71%2.54%
DIIs9.13%9.13%9.14%9.13%9.13%9.14%9.14%9.04%9.26%8.75%9.37%12.18%
Public23.23%23.11%23.11%26.15%23.12%23.29%23.28%23.39%23.18%23.81%23.21%20.59%
No. of Shareholders42,43545,67944,20444,49643,81143,09442,59442,39041,83642,75742,13545,777

Kalyani Steels Ltd Shareholding Pattern Chart

No. of Kalyani Steels Ltd Shareholders

Kalyani Steels Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund3,753,1851.46172.383,753,1852024-06-110%
JM Value Fund66,9791.073.083,753,1852024-06-11-98.22%

Kalyani Steels Ltd ROCE Trend

Kalyani Steels Ltd EPS Trend

Kalyani Steels Ltd Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)55.9343.5931.2930.1726.48
Diluted EPS (Rs.)55.9343.5931.2930.1726.48
Cash EPS (Rs.)67.1453.5440.4338.8334.88
Book Value[Excl.RevalReserv]/Share (Rs.)312.72262.85219.41202.32178.27
Book Value[Incl.RevalReserv]/Share (Rs.)312.72262.85219.41202.32178.27
Revenue From Operations / Share (Rs.)390.15271.69274.18321.67307.39
PBDIT / Share (Rs.)89.1969.9749.6651.6050.65
PBIT / Share (Rs.)78.7059.8739.9042.8142.13
PBT / Share (Rs.)75.6158.2537.7043.8740.01
Net Profit / Share (Rs.)56.6543.4530.6630.0426.36
NP After MI And SOA / Share (Rs.)55.8343.5131.2430.1226.44
PBDIT Margin (%)22.8625.7518.1116.0416.47
PBIT Margin (%)20.1722.0314.5513.3013.70
PBT Margin (%)19.3821.4413.7513.6313.01
Net Profit Margin (%)14.5215.9911.189.348.57
NP After MI And SOA Margin (%)14.3116.0111.399.368.60
Return on Networth / Equity (%)17.8516.4914.1814.7914.73
Return on Capital Employeed (%)21.6421.6117.2819.8421.49
Return On Assets (%)10.8111.5210.019.559.03
Long Term Debt / Equity (X)0.130.020.000.010.03
Total Debt / Equity (X)0.240.150.000.010.16
Asset Turnover Ratio (%)0.870.780.871.061.02
Current Ratio (X)2.332.342.211.781.56
Quick Ratio (X)2.012.071.861.431.30
Inventory Turnover Ratio (X)5.764.464.186.015.52
Dividend Payout Ratio (NP) (%)13.410.0031.9516.5718.88
Dividend Payout Ratio (CP) (%)11.280.0024.3412.8214.27
Earning Retention Ratio (%)86.590.0068.0583.4381.12
Cash Earning Retention Ratio (%)88.720.0075.6687.1885.73
Interest Coverage Ratio (X)28.9043.1522.6030.9023.94
Interest Coverage Ratio (Post Tax) (X)19.3627.7914.9617.3613.46
Enterprise Value (Cr.)660.30936.91191.74904.661389.87
EV / Net Operating Revenue (X)0.380.780.150.641.03
EV / EBITDA (X)1.693.060.884.016.28
MarketCap / Net Operating Revenue (X)0.751.170.450.660.96
Retention Ratios (%)86.580.0068.0483.4281.11
Price / BV (X)0.941.210.571.061.65
Price / Net Operating Revenue (X)0.751.170.450.660.96
EarningsYield0.180.130.240.130.08

Kalyani Steels Ltd Profitability Ratios (%)

Kalyani Steels Ltd Liquidity Ratios

Kalyani Steels Ltd Liquidity Ratios (%)

Kalyani Steels Ltd Interest Coverage Ratios (%)

Kalyani Steels Ltd Valuation Ratios

Fair Value

Fair Value: 898.03

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.

Undervalued: 7.42% compared to the current price 836

Intrinsic Value: 994.47

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: 18.96% compared to the current price ₹836

Last 5 Year EPS CAGR: 10.74%

*Investments are subject to market risks

Strength and Weakness of Kalyani Steels Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.67%, which is a positive sign.
  2. The company has higher reserves (830.08 cr) compared to borrowings (226.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (138.15 cr) and profit (179.54 cr) over the years.
  1. The stock has a high average Working Capital Days of 57.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 45.00, which may not be favorable.

FAQ

What is the latest fair value of Kalyani Steels Ltd?

The latest fair value of Kalyani Steels Ltd is ₹898.03.

What is the Market Cap of Kalyani Steels Ltd?

The Market Cap of Kalyani Steels Ltd is 3,650 Cr..

What is the current Stock Price of Kalyani Steels Ltd as on 13 June 2024?

The current stock price of Kalyani Steels Ltd as on 13 June 2024 is ₹836.

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

In FY 2024, the High / Low of Kalyani Steels Ltd stocks is 1,078/342.

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

The Stock P/E of Kalyani Steels Ltd is 14.7.

What is the Book Value of Kalyani Steels Ltd?

The Book Value of Kalyani Steels Ltd is 387.

What is the Dividend Yield of Kalyani Steels Ltd?

The Dividend Yield of Kalyani Steels Ltd is 1.19 %.

What is the ROCE of Kalyani Steels Ltd?

The ROCE of Kalyani Steels Ltd is 16.7 %.

What is the ROE of Kalyani Steels Ltd?

The ROE of Kalyani Steels Ltd is 15.6 %.

What is the Face Value of Kalyani Steels Ltd?

The Face Value of Kalyani Steels Ltd is 5.00.

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 Steels 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