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Kalyani Forge Limited KALYANIFRG NSE

Consumer Cyclical · Auto Parts · India
https://kalyaniforge.com

Kalyani Forge Limited, an engineering company, manufactures and sells forged, machined, and assembled products in India. The company offers engine components, including connecting rod, crank and cam shafts, retainer and cross head valves, injector clamp, rocker arm, balance weight, cam lobe, and others; driveline parts, such as tulips, inner and outer race, tripod, spider, yoke shaft, double yoke, and gear blanks; and axle products for chassis systems, including idler and control arms, FS arms, brackets, stub, steering knuckle, front and rear axle parts, wheel hub, and others. It also provides turbo charger parts; transmission forged and machined components; warm and cold forged parts, such as fluid flywheel and wet double clutch; and industrial cold and hot forged parts for use in power tools, conveyors, compressors, and others. In addition, the company offers hot, cold, and warm forging; precision machining and finishing; heat treatment; die manufacturing; testing and inspection; engineering; and logistic services. It serves various industries, such as automotive; construction, mining, and infrastructure; power generation; marine; railways; agricultural; general industrial goods; and electric mobility. The company also exports its products to Europe, Japan, and the United States. Kalyani Forge Limited was incorporated in 1979 and is based in Pune, India.

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₹606.30
-18.66% 1Y

Market & Price

Market Cap
₹220.57 Cr
Current Price
₹606.30
High / Low (52W)
₹788.75 / ₹533.90
Beta
-

Valuation

Stock P/E
23.69
Industry PE
26.67
Forward P/E
-
PEG Ratio
-
Book Value
₹252.93
Price to Book
2.40
P/S
0.93
EV/EBITDA
10.95
Dividend Yield
0.66%

Profitability & Returns

ROCE
16.67%
ROE
10.06%
ROA
5.72%
Profit Margin
3.91%
Op Margin
11.19%
EPS (Latest Qtr)
₹-0.33
EPS (TTM)
₹25.59

Balance Sheet & Liquidity

Debt/Equity
1.11
Quick Ratio
0.94
Current Ratio
1.32
Debt
₹105.62 Cr
Total Assets
₹230.28 Cr
Current Assets
₹148.19 Cr
Working Capital
₹27.62 Cr

Ownership

Promoter Holding
78.08%
Chg in Prom Hold
-
FII / Inst Holding
0.00%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹323.82 Cr
Total Revenue (TTM)
₹238.22 Cr
EBITDA
₹29.57 Cr
Free Cash Flow
₹-35.35 Cr
Operating Cash Flow
₹7.46 Cr
Shares Outstanding
₹36.38 L
Gross Margin
57.99%
Payout Ratio
15.63%

Growth (CAGR)

Revenue 5Y
-1.38%
Profit 5Y
38.46%
Revenue (YoY)
-3.40%
Earnings (YoY)
164.20%

PROS

  • Profit CAGR of 38.5% over 5 years.

CONS

  • Revenue declined at -1.4% CAGR over 5 years.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 KALYANIFRG Kalyani Forge Limited NSE 606.30 23.69 ₹220.57 Cr 0.66% 16.67% 10.06% -1.38% 38.46%
2 MARUTI Maruti Suzuki India Limited NIFTY50NSEAI 13,127.00 28.09 ₹4.13 L Cr 1.07% 17.22% 14.43% 16.60% 21.11%
3 M&M Mahindra & Mahindra Limited NIFTY50NSEAI 3,045.60 20.00 ₹3.66 L Cr 1.08% 17.26% 18.75% 18.44% 18.48%
4 TITAN Titan Company Limited NIFTY50NSE 4,074.90 71.43 ₹3.61 L Cr 0.27% 38.43% 37.13% 23.83% 16.00%
5 ETERNAL Eternal Limited NSEAITECH 250.58 626.45 ₹2.30 L Cr - 2.87% 1.19% 97.70% 45.90%
6 EICHERMOT Eicher Motors Limited NIFTY50NSEAI 7,177.00 35.71 ₹1.97 L Cr 0.98% 26.43% 23.77% 17.47% 23.70%
7 TVSMOTOR TVS Motor Company Limited NSE 3,355.70 52.91 ₹1.59 L Cr 0.36% 28.86% 31.62% 26.91% 31.46%
8 HYUNDAI HYUNDAI MOTOR INDIA LTD NSE 1,924.00 28.82 ₹1.56 L Cr 1.09% 32.62% 29.92% 5.50% 4.87%
9 MOTHERSON Samvardhana Motherson International Limited NSEAI 145.74 39.82 ₹1.53 L Cr 0.41% 11.82% 10.11% 17.10% 37.17%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue -58.62 Cr58.14 Cr64.13 Cr55.67 Cr57.86 Cr
Cost of Revenue -28.08 Cr77.08 Cr29.31 Cr21.97 Cr25.35 Cr
Gross Profit -30.54 Cr-18.94 Cr34.82 Cr33.71 Cr32.51 Cr
Operating Expenses -26.55 Cr-23.26 Cr30.91 Cr29.57 Cr26.21 Cr
Operating Income -3.99 Cr4.32 Cr3.91 Cr4.14 Cr6.30 Cr
EBITDA -6.82 Cr6.38 Cr6.34 Cr7.11 Cr9.12 Cr
Interest Expense 1.58 Cr1.96 Cr1.70 Cr2.27 Cr2.43 Cr-
Pretax Income -2.79 Cr2.64 Cr2.03 Cr2.27 Cr3.95 Cr
Tax Provision -96.91 L41.52 L61.92 L11.67 L4.07 Cr
Net Income -1.82 Cr2.23 Cr1.41 Cr2.15 Cr-11.90 L
Diluted EPS 10.785.00-3.875.91-0.33

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Revenue 245.86 Cr264.81 Cr236.01 Cr235.83 Cr
Cost of Revenue 179.73 Cr203.71 Cr166.32 Cr163.32 Cr
Gross Profit 66.13 Cr61.10 Cr69.69 Cr72.51 Cr
Operating Expenses 55.14 Cr58.11 Cr54.74 Cr56.38 Cr
Operating Income 10.99 Cr3.00 Cr14.94 Cr16.13 Cr
EBITDA 19.31 Cr15.26 Cr17.32 Cr26.16 Cr
Interest Expense 2.94 Cr2.80 Cr5.48 Cr6.68 Cr
Pretax Income 4.02 Cr1.27 Cr5.62 Cr11.60 Cr
Tax Provision 88.86 L1.46 Cr1.07 Cr3.29 Cr
Net Income 3.13 Cr-18.37 L4.55 Cr8.31 Cr
Diluted EPS 8.61-0.5012.5122.86

Compounded Sales Growth

5 Years:-1.38%
1 Year:-3.40%

Compounded Profit Growth

5 Years:38.46%
1 Year:164.20%

Stock Price Performance

1 Year:-18.66%
6 Months:-9.09%
3 Months:-6.83%
1 Month:-1.04%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets 183.45 Cr180.52 Cr204.75 Cr230.28 Cr
Current Assets 128.84 Cr132.43 Cr135.99 Cr148.19 Cr
Cash & Equivalents 1.87 Cr1.03 Cr91.76 L99.38 L
Inventory 48.87 Cr47.31 Cr56.10 Cr57.17 Cr
Receivables 72.82 Cr74.87 Cr61.86 Cr80.82 Cr
Total Liabilities 80.52 Cr102.82 Cr122.74 Cr140.59 Cr
Current Liabilities 73.96 Cr95.32 Cr95.58 Cr120.57 Cr
Long Term Debt 8.60 L89.20 L19.43 Cr12.25 Cr
Total Debt 26.49 Cr38.19 Cr60.91 Cr71.57 Cr
Total Equity 102.94 Cr77.70 Cr82.01 Cr89.69 Cr
Shares Outstanding 36.38 L36.38 L36.38 L36.38 L

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow 11.12 Cr-2.50 Cr10.00 Cr21.83 Cr
Investing Cash Flow -4.14 Cr-5.85 Cr-25.85 Cr-24.35 Cr
Financing Cash Flow -5.22 Cr7.51 Cr15.73 Cr2.60 Cr
Capital Expenditure -4.67 Cr-7.65 Cr-25.96 Cr-24.35 Cr
Free Cash Flow 6.45 Cr-10.15 Cr-15.96 Cr-2.52 Cr
Net Change in Cash 1.76 Cr-83.74 L-11.11 L7.62 L

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Gross Margin % 26.9%23.1%29.5%30.7%
Operating Margin % 4.5%1.1%6.3%6.8%
Net Margin % 1.3%-0.1%1.9%3.5%
ROE % 3.0%-0.2%5.5%9.3%
ROCE % 10.0%3.5%13.7%14.7%

Shareholding Pattern

Insiders
78.08%
Institutions
0.00%
Public Float
0.00%

Analyst View

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