---
title: "Kalana Ispat Ltd (KALANA) — Share Price, Financials & Analysis"
symbol: "KALANA"
company: "Kalana Ispat Ltd"
canonical: "https://tapetide.com/stocks/KALANA"
isin: "INE0T0L01014"
nse_symbol: "KALANA"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 24.84
generated_at: "2026-09-13T18:45:59.070Z"
---

# Kalana Ispat Ltd (KALANA)

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

## Company

- **NSE Symbol:** KALANA
- **ISIN:** INE0T0L01014
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-26
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kalanaispat.com

## About

Incorporated in 2012, Kalana Ispat Ltd  is engaged in Manufacturing & dealing in casting, moulding and trading of steel and iron products and sale of service (Job work).[1]

## Latest Price

- **Price:** ₹19.25
- **Change:** -0.7 (-3.51%)
- **Open:** ₹19
- **Day High:** ₹19.25
- **Day Low:** ₹19
- **Previous Close:** ₹19.95
- **Volume:** 18000
- **As Of:** 2026-09-11T09:55:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:01.141331Z.

- **Market Cap:** ₹24.84 Cr
- **Classification:** SME
- **P/E (reported):** 27
- **Book Value:** ₹33.74
- **Price to Book:** 0.59
- **Dividend Yield:** 0%
- **ROE:** 2.2%
- **ROCE:** 3.56%
- **Debt to Equity:** 0.05
- **Revenue (yearly):** ₹52.9 Cr
- **Net Income:** ₹1 Cr
- **EBITDA:** ₹2.2 Cr
- **52-Week High:** ₹42.95
- **52-Week Low:** ₹15.1
- **RSI (14):** 45.31

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Falling
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 79.75 | 9% |
| growth | 26.66 | 9% |
| momentum | 21.95 | 12% |
| ownership | 50 | 24% |
| quality | 43.87 | 22% |
| valuation | 54.34 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.57 times its book value
- Promoter holding has increased by 3.97% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.87% over past five years.
- Company has a low return on equity of 5.81% over last 3 years.
- Earnings include an other income of Rs.1.06 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -104.96% | -525% | 88.84% |
| ebitda margin growth | -21.43% | -2.78% | -21.54% | 193.01% |
| net income growth | -33.33% | -16.67% | 25% | 47% |
| revenue growth | 76.92% | -5.7% | -15% | 4% |
| roce | — | -23.93% | -88.81% | 15.15% |
| roe | — | -21.99% | 8.94% | -44.16% |

## 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 | 30.77 | 42.95 | 27.62 | 27.57 | 24.87 | 26.97 |
| Expenses | 29.27 | 40.71 | 26.35 | 27.34 | 25.16 | 25.51 |
| Operating Profit | 1.5 | 2.24 | 1.27 | 0.23 | -0.29 | 1.46 |
| OPM % | 4.87 | 5.22 | 4.6 | 0.83 | -1.17 | 5.41 |
| Other Income | 0.03 | 0.18 | 0.01 | 0.9 | 0.64 | 0.41 |
| Interest | 0.24 | 0.07 | 0.16 | 0.16 | 0.13 | 0.12 |
| Depreciation | 0.19 | 0.19 | 0.18 | 0.18 | 0.21 | 0.4 |
| Profit before tax | 1.1 | 2.16 | 0.94 | 0.79 | 0.01 | 1.35 |
| Tax % | 25.45 | 28.7 | 25.53 | 35.44 | 100 | 28.89 |
| Net Profit | 0.82 | 1.53 | 0.71 | 0.5 | 0.01 | 0.96 |
| EPS in Rs | 8.2 | 1.89 | 0.54 | 0.38 | 0.01 | 0.74 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 42.87 | 57.75 | 83.04 | 73.73 | 55.19 | 51.84 |
| Expenses | 42.2 | 57.1 | 81.77 | 70 | 53.69 | 50.69 |
| Operating Profit | 0.67 | 0.65 | 1.27 | 3.73 | 1.5 | 1.15 |
| OPM % | 1.56 | 1.13 | 1.53 | 5.06 | 2.72 | 2.22 |
| Other Income | 0.12 | 0.18 | 0.32 | 0.22 | 0.91 | 1.06 |
| Interest | 0.16 | 0.26 | 0.56 | 0.31 | 0.32 | 0.24 |
| Depreciation | 0.39 | 0.38 | 0.35 | 0.38 | 0.36 | 0.61 |
| Profit before tax | 0.24 | 0.19 | 0.68 | 3.26 | 1.73 | 1.36 |
| Tax % | 37.5 | 15.79 | 25 | 27.61 | 29.48 | 29.41 |
| Net Profit | 0.14 | 0.15 | 0.5 | 2.35 | 1.21 | 0.97 |
| EPS in Rs | 1.4 | 1.5 | 5 | 2.9 | 0.93 | 0.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 8.1 | 13.04 | 13.04 |
| Reserves | 2.76 | 2.92 | 3.4 | 2.7 | 29.99 | 30.96 |
| Borrowings | 2.62 | 2.61 | 8.62 | 4.61 | 2.59 | 2.12 |
| Other Liabilities | 6.93 | 6.14 | 3.15 | 3.44 | 2.3 | 4.03 |
| Total Liabilities | 13.31 | 12.67 | 16.17 | 18.85 | 47.92 | 50.15 |
| Fixed Assets | 4.5 | 4.12 | 4.04 | 3.68 | 4.61 | 12.44 |
| CWIP | 0 | 0 | 0 | 0 | 5.18 | 15.58 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 8.81 | 8.55 | 12.13 | 15.17 | 38.13 | 22.13 |
| Total Assets | 13.31 | 12.67 | 16.17 | 18.85 | 47.92 | 50.15 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2.24 | -2.24 | -4.68 | -0.04 | 5.04 | -0.25 |
| Cash from Investing Activity | 0.21 | 0.05 | -0.21 | 0.02 | -15.37 | -15.94 |
| Cash from Financing Activity | 0.21 | -0.28 | 5.46 | -0.27 | 28.68 | -0.72 |
| Net Cash Flow | 2.66 | -2.48 | 0.57 | -0.28 | 18.34 | -16.91 |
| Free Cash Flow | 2.39 | -2.24 | -4.95 | -0.06 | -1.44 | -16.07 |
| CFO/OP | 339 | -345 | -368 | 6 | 385 | 20 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 15.58 | 10.49 | 5.63 | 30.64 | 14.55 | 14.86 |
| Inventory Days | 21.1 | 26.05 | 42.7 | 32.03 | 24.78 | 38.26 |
| Days Payable | 58.69 | 37.22 | 11.22 | 9.65 | 7.94 | 21.83 |
| Cash Conversion Cycle | -22 | -0.67 | 37.11 | 53.02 | 31.39 | 31.29 |
| Working Capital Days | -30.48 | -3.48 | -2.55 | 31.88 | 49.27 | 67.66 |
| ROCE % | — | 6.97 | 12.69 | 25.11 | 6.72 | 3.49 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 62.13% | 62.13% | 62.91% | 62.91% |
| FIIs | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 31.9% | 30.22% | 27.85% | 29.54% |
| Others | 5.97% | 7.65% | 9.23% | 7.55% |
| No. of Shareholders | 2165 | 1457 | 1337 | 1276 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 20.24 | Sell |
| EMA (10) | 20.49 | Sell |
| SMA (20) | 21.96 | Sell |
| EMA (20) | 20.86 | Sell |
| SMA (50) | 20.07 | Sell |
| EMA (50) | 20.77 | Sell |
| SMA (100) | 21.14 | Sell |
| EMA (100) | 21.34 | Sell |
| SMA (200) | 22.34 | Sell |
| EMA (200) | 24.25 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.56 | Neutral |
| MACD (12,26,9) | -0.21 | Sell |
| Stochastic (14,3,3) | 18.5 | Buy |
| ADX (14) | 22.41 | Neutral |
| Williams %R (14) | -91.46 | Buy |
| ATR (14) | 1.04 | High Volatility |
| ROC (12) | -25.96 | Sell |
| Stoch RSI (14) | 8.73 | Buy |
| UO (7,14,28) | 36.9 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jun - Kalana Ispat held its 14th AGM on 9 June 2026; five resolutions were tabled, results awaited. | [Shareholders meeting 9 Jun - Kalana Ispat held its 14th AGM on 9 June 2026; five resolutions were tabled, results awaited.](https://nsearchives.nseindia.com/corporate/KALANA_09062026190636_Signed_Proceedings_of_AGM_Revised.pdf) |
| 9 Jul - Regulation 74(5) compliance certificate for quarter ended 30 June 2026; no physical shares received for dematerialization. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 Jul - Regulation 74(5) compliance certificate for quarter ended 30 June 2026; no physical shares received for dematerialization.](https://nsearchives.nseindia.com/corporate/KALANA_09072026160443_Signed_CERTIFICATE_74_5__JUNE2026.pdf) |
| 9 Jul - Kalana Ispat says corporate governance report not required for quarter ended 30.06.2026 under SME exemption. | [General Updates 9 Jul - Kalana Ispat says corporate governance report not required for quarter ended 30.06.2026 under SME exemption.](https://nsearchives.nseindia.com/corporate/KALANA_09072026160233_Signed_Non_applicability_of_CG.pdf) |
| 9 April 2026 - Kalana Ispat says Regulation 24A annual secretarial compliance report is not applicable for FY2026. | [Updates 9 April 2026 - Kalana Ispat says Regulation 24A annual secretarial compliance report is not applicable for FY2026.](https://nsearchives.nseindia.com/corporate/KALANA_09042026132631_Signed_Non-Applicability_of_Reg24A.pdf) |
| 8 June 2026 - Clarified NSE filing deficiencies in 14 May 2026 results; resubmitted legible financials, XBRL corrections, segment details. | [Reply to Clarification- Financial results 8 June 2026 - Clarified NSE filing deficiencies in 14 May 2026 results; resubmitted legible financials, XBRL corrections, segment details.](https://nsearchives.nseindia.com/corporate/KALANA_06062026113241_Clarification_KALANA_Signed.pdf) |
| 7 March 2026 - Kalana Ispat EGM on 27 March 2026 at 12:30 PM IST via VC/OAVM; notice published 07 March. | [Copy of Newspaper Publication 7 March 2026 - Kalana Ispat EGM on 27 March 2026 at 12:30 PM IST via VC/OAVM; notice published 07 March.](https://nsearchives.nseindia.com/corporate/KALANA_07032026150213_Newspaper_Publication_Kalana_Signed.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) compliance certificate for quarter and half year ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) compliance certificate for quarter and half year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/KALANA_07042026180831_Signed_Certificate_Regulation_74_5_.pdf) |
| 7 April 2026 - Kalana Ispat confirms corporate governance report not applicable for half year ended 31.03.2026. | [Updates 7 April 2026 - Kalana Ispat confirms corporate governance report not applicable for half year ended 31.03.2026.](https://nsearchives.nseindia.com/corporate/KALANA_07042026181118_Signed_Non_applicability_of_CG_31March2026.pdf) |
| 6 January 2026 - RTA confirms no physical share certificates for dematerialization; compliance certificate for quarter ended 31 December 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - RTA confirms no physical share certificates for dematerialization; compliance certificate for quarter ended 31 December 2025.](https://nsearchives.nseindia.com/corporate/KALANA_06012026181653_Signed_Certificate_74_5__December_2025__1_.pdf) |
| 5 March 2026 - EGM on 27-Mar-2026: approve preferential issue of 45 lakh warrants (₹10.12 crore) to promoters; raise borrowing limit to ₹100 crore. | [Shareholders meeting 5 March 2026 - EGM on 27-Mar-2026: approve preferential issue of 45 lakh warrants (₹10.12 crore) to promoters; raise borrowing limit to ₹100 crore.](https://nsearchives.nseindia.com/corporate/KALANA_05032026190037_Dispatch_of_Notice_Kalana_Signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29264_KALANA_2025_2026_A_2478067_16052026174122.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28073_KALANA_2024_2025_A_2046379_01092025184632.pdf) |

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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 2026-09-13T18:45:59.070Z.