---
title: "Kalyani Cast-Tech Ltd (544023) — Share Price, Financials & Analysis"
symbol: "544023"
company: "Kalyani Cast-Tech Ltd"
canonical: "https://tapetide.com/stocks/544023"
isin: "INE0N6U01018"
nse_symbol: "KALYANICASTTECHLTD"
bse_code: "544023"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 714.42
generated_at: "2026-09-13T18:38:03.098Z"
---

# Kalyani Cast-Tech Ltd (544023)

Canonical page: https://tapetide.com/stocks/544023

## Company

- **NSE Symbol:** KALYANICASTTECHLTD
- **BSE Code:** 544023
- **ISIN:** INE0N6U01018
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-11-17
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kalyanicasttech.com

## About

Incorporated in 2012, Kalyani Cast Tech
Ltd manufactures high quality castings 
and specialized cargo containers[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:35:28.146448Z.

- **Market Cap:** ₹714.42 Cr
- **Classification:** SME
- **P/E (reported):** 40.7
- **EPS (reported):** ₹13.36
- **Book Value:** ₹113.75
- **Price to Book:** 8.52
- **Dividend Yield:** 0%
- **ROE:** 21.92%
- **ROCE:** 29.56%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹149.94 Cr
- **Net Income:** ₹17.07 Cr
- **EBITDA:** ₹21.81 Cr
- **52-Week High:** ₹1118.8
- **52-Week Low:** ₹438.65
- **RSI (14):** 58.85

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.04 | 9% |
| growth | 34.29 | 9% |
| momentum | 96.89 | 12% |
| ownership | 38.54 | 24% |
| quality | 91.24 | 22% |
| valuation | 26.79 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 133% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%

### Weaknesses

- Stock is trading at 9.88 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 187.16% | 94.82% | 416.03% |
| ebitda margin growth | -1.65% | -3.43% | — |
| net income growth | 19.37% | 30% | 133% |
| revenue growth | 7.18% | 33% | 68% |
| roce | 13.08% | -55.63% | — |
| roe | 16.22% | 32.37% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 49 | 45 | 70 | 69 | 92 | 58 |
| Expenses | 41 | 40 | 59 | 60 | 81 | 47 |
| Operating Profit | 8 | 5 | 11 | 9 | 11 | 10 |
| OPM % | 17 | 12 | 16 | 13 | 12 | 18 |
| Other Income | 0 | 1 | 0 | 0 | 2 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 1 |
| Profit before tax | 8 | 5 | 11 | 8 | 13 | 10 |
| Tax % | 25 | 30 | 26 | 25 | 24 | 26 |
| Net Profit | 6 | 4 | 8 | 6 | 10 | 8 |
| EPS in Rs | 11.73 | 5.19 | 11.16 | 8.68 | 13.27 | 10.49 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 13 | 11 | 49 | 63 | 94 | 139 | 150 |
| Expenses | 12 | 10 | 47 | 52 | 81 | 120 | 127 |
| Operating Profit | 1 | 1 | 2 | 12 | 14 | 20 | 23 |
| OPM % | 7 | 8 | 4.5 | 18 | 14 | 14 | 15 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 11 | 13 | 19 | 24 |
| Tax % | -25 | -44 | 7 | 26 | 27 | 25 | 24 |
| Net Profit | 0 | 0 | 1 | 8 | 10 | 14 | 18 |
| EPS in Rs | 0.13 | 0.52 | 2.33 | 16.03 | 13.37 | 19.83 | 24.87 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 7 | 7 | 7 |
| Reserves | 0 | 0 | 1 | 9 | 43 | 57 | 74 |
| Borrowings | 5 | 5 | 3 | 3 | 8 | 5 | 1 |
| Other Liabilities | 5 | 4 | 7 | 7 | 7 | 5 | 12 |
| Total Liabilities | 15 | 14 | 16 | 24 | 65 | 75 | 94 |
| Fixed Assets | 4 | 4 | 6 | 5 | 7 | 8 | 20 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Investments | 0 | 0 | 0 | 0 | 16 | 16 | 13 |
| Other Assets | 11 | 9 | 10 | 19 | 42 | 51 | 58 |
| Total Assets | 15 | 14 | 16 | 24 | 65 | 75 | 94 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 0 | 6 | 4 | -9 | 8 | 19 |
| Cash from Investing Activity | -1 | 0 | -2 | -1 | -18 | -4 | -23 |
| Cash from Financing Activity | 0 | 0 | -3 | 1 | 31 | -3 | -5 |
| Net Cash Flow | 0 | 0 | 1 | 4 | 4 | 2 | -9 |
| Free Cash Flow | 0 | 0 | 4 | 3 | -11 | 7 | 3 |
| CFO/OP | 76 | 46 | 261 | 40 | -24 | 67 | 111 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 89 | 76 | 45 | 9 | 62 | 69 | 80 |
| Inventory Days | 231 | 265 | 20 | 75 | 71 | 28 | 17 |
| Days Payable | 184 | 138 | 36 | 22 | 17 | 12 | 11 |
| Cash Conversion Cycle | 135 | 203 | 29 | 63 | 116 | 85 | 85 |
| Working Capital Days | 80 | 100 | 10 | 29 | 68 | 70 | 74 |
| ROCE % | — | 5 | 17 | 83 | 35 | 30 | 31 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2022 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.14% | 69.83% | 69.83% | 69.88% | 69.87% | 65.77% | 63.32% | 63.32% | 59.48% | 59.48% | 59.48% | 59.48% |
| FIIs | 0% | 2.87% | 0.38% | 0.01% | 0.01% | 0.03% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| DIIs | 0% | 0.04% | 0.11% | 0% | 0% | 0.68% | 0.68% | 0.81% | 0.43% | 0.47% | 0.16% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 30.51% | 20.83% | 23.88% | 25.6% | 24.75% | 27.62% | 30.42% | 28.82% | 29.2% | 29.06% | 29.81% | 30.33% |
| Others | 19.34% | 6.42% | 5.79% | 4.51% | 5.37% | 5.89% | 5.57% | 7.04% | 10.88% | 10.98% | 10.54% | 10.17% |
| No. of Shareholders | 10 | 877 | 958 | 1296 | 1685 | 2031 | 2065 | 1981 | 2094 | 2070 | 1971 | 2209 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 5 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 987.76 | Buy |
| EMA (10) | 988.46 | Buy |
| SMA (20) | 960.68 | Buy |
| EMA (20) | 950.63 | Buy |
| SMA (50) | 842.9 | Buy |
| EMA (50) | 858.27 | Buy |
| SMA (100) | 738.82 | Buy |
| EMA (100) | 767.28 | Buy |
| SMA (200) | 619.74 | Buy |
| EMA (200) | 671.68 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 68.73 | Neutral |
| MACD (12,26,9) | 52.31 | Sell |
| Stochastic (14,3,3) | 61.34 | Neutral |
| ADX (14) | 30.22 | Buy |
| Williams %R (14) | -7.83 | Sell |
| ATR (14) | 66.71 | High Volatility |
| ROC (12) | 7.26 | Buy |
| Stoch RSI (14) | 73.7 | Neutral |
| UO (7,14,28) | 57.77 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - NA layout approved for 114-acre Kutch logistics park and wagon unit, advancing commissioning. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Approval Of Layout Plan By Town Planning Authority 9h - NA layout approved for 114-acre Kutch logistics park and wagon unit, advancing commissioning.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/622da481-0a9c-45d4-9e2d-4b0372893c33.pdf) |
| 4 Apr - Promoters reported no pledge or encumbrance for FY ended March 31, 2026. | [Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 4 Apr - Promoters reported no pledge or encumbrance for FY ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/adeeee4d-bffa-4539-8b87-f0a7c1ef18ee.pdf) |
| 24 Dec 2025 - Postal ballot: appoint independent director; alter MOA to add rail rolling stock, maintenance, freight terminals, container services. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 24 Dec 2025 - Postal ballot: appoint independent director; alter MOA to add rail rolling stock, maintenance, freight terminals, container services.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b241d0ff-1f61-49d3-b8dd-bead74f7addc.pdf) |
| 23 Mar - Received Reg 29(2) disclosure from Girish Gulati (HUF) on 23.03.2026: shares disposed, falling below threshold. | [Disclosure Under Regulation 29(2) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 23 Mar - Received Reg 29(2) disclosure from Girish Gulati (HUF) on 23.03.2026: shares disposed, falling below threshold.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f392bbb-807a-4f9e-91cb-1f8f63ebf8cc.pdf) |
| 21 Apr - NA layout approved for 114-acre Kutch logistics park and wagon unit, advancing commissioning. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Approval Of Layout Plan By Town Planning Authority 21 Apr - NA layout approved for 114-acre Kutch logistics park and wagon unit, advancing commissioning.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/622da481-0a9c-45d4-9e2d-4b0372893c33.pdf) |
| 12 Jan - Certificate under Regulation 74(5) SEBI DP Regulations for quarter ended Dec 31, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Jan - Certificate under Regulation 74(5) SEBI DP Regulations for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8523eb65-36a2-41b9-bb5e-ccdfbf864c5e.pdf) |
| 12 Feb - MoU (11 Feb 2026) with Innovation Thru Energy to develop, manufacture, market ISO IceBattery refer containers globally. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 12 Feb - MoU (11 Feb 2026) with Innovation Thru Energy to develop, manufacture, market ISO IceBattery refer containers globally.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94a63483-aadb-4622-ae20-d60cb9ab0e7a.pdf) |
| 11 Sep - Inauguration of Gati Shakti Cargo Terminal, bulk salt train flag-off, and ICD foundation stone on 14 Sept 2026. | [Intimation Regarding Inauguration Of Gati Shakti Cargo Terminal, Flagging Off Of Bulk Salt Train And Laying Of Foundation Stone Of Inland Container Depot (ICD) 11 Sep - Inauguration of Gati Shakti Cargo Terminal, bulk salt train flag-off, and ICD foundation stone on 14 Sept 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3bcbe160-55b0-4194-a70a-48c1c267f16f.pdf) |
| 11 Sep - CBIC approved LOI for Shivlakha ICD; wagon facility may start soon, with 10,000 TEUs and 2,400 wagons capacity. | [Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Approval For Issuance Of Letter Of Intent For Setting Up Of An Inland Container Depot At Shivlakha, Kutch, Gujarat 11 Sep - CBIC approved LOI for Shivlakha ICD; wagon facility may start soon, with 10,000 TEUs and 2,400 wagons capacity.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe19f7b5-9a2c-4385-91a4-02696051defb.pdf) |
| 11 Feb - 20-ft stainless-steel salt container prototype built per RDSO; successful trial at Bhimasar, Kutch. | [Update On Development And Successful Trial Of Stainless Steel Container 11 Feb - 20-ft stainless-steel salt container prototype built per RDSO; successful trial at Bhimasar, Kutch.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e715ae7a-e990-4c40-95f8-31c2a905842e.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Intimation Of Receipt Of The In-Principle Approval From BSE Limited For Issue Of 323123 Convertible Warrants To Promoter And Non Promoters On Preferential Basis.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3309c0a9-00dc-474f-9569-e08d32a15de3.pdf) |
| 2026-09-08 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d7aca00-02d8-4a0f-8568-7c52486ab1e2.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd416bdd-28cf-4ea8-8c2d-44886f386301.pdf) |
| 2026-09-05 | [Notice Of 14Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05cb3e94-4c6b-4d38-9d7a-fe2f8d31c2b9.pdf) |
| 2026-09-05 | [Notice Of Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4968659e-4a0c-4b1c-992f-8d164bc41a05.pdf) |
| 2026-08-31 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Monday 31St August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d068c04f-59b3-4617-908a-a1f41b7031d7.pdf) |
| 2026-08-21 | [Successful Arrival Of First Container Trial Train At Gati Shakti Terminal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c2bc0c5-4e16-42f4-82de-a2a616356234.pdf) |
| 2026-08-19 | [Intimation Regarding Registration Of Private Freight Terminal Project Under Gujarat Integrated Logistics And Logistics Park Policy 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5793c6f-94a7-4bdc-b748-e5d0dba6c60b.pdf) |
| 2026-08-17 | [Clarification With Reference To EGM Notice Dated July 04Th 2026 Regarding Percentage Of Grand Total In Shareholding Pattern](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60023eb5-bd80-4f17-902f-56b75f661682.pdf) |
| 2026-08-07 | [Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Commissioning Of Gati Shakti Multi-Modal Cargo Terminal Of KMT Engineering Private Limited A Subsidiary Of Kalyani Cast Tech Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42ed2424-470e-48c6-9fb4-4c415e0dce02.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2025-11-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=477df1a3-fde7-4b9c-bd77-d1ed9bf4a2ca.pdf) |
| 2025-11-11 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d664bd3-a103-44ac-b332-3af9bb9a0e61.pdf) |
| 2025-06-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=958639ea-8ff0-4e11-8025-fa9f8c520954.pdf) |
| 2024-06-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0cad3457-e0af-41e6-aabe-2390c0e1ba62.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/477df1a3-fde7-4b9c-bd77-d1ed9bf4a2ca.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/958639ea-8ff0-4e11-8025-fa9f8c520954.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0cad3457-e0af-41e6-aabe-2390c0e1ba62.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2025-06-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7222d7ab-f416-4318-8d4d-0f92dad6ef70.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84c5635a-0bb0-43a4-8472-96dde80f82d4.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d1d7327-5e87-4f57-9794-6e673cc08f08.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2024-11-14 | [Standalone And Consolidated Unaudited Financial Results Of The Company For The Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4cd03c8d-4d33-4849-ab95-121c2f6f8de6.pdf) |
| 2024-05-27 | [Standalone And Consolidated Audited FinancialResults Of The Company Along With Audit Report For The Half And Financial Year EndedOn 31St March, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50676734-7f9b-4501-940d-057a7f01a7c8.pdf) |
| 2023-12-25 | [Standalone Unaudited Financial Results For The Half Year Ended 30.09.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=00925627-d694-4bb5-8e83-b4f9d85171b6.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:38:03.098Z.