---
title: "Kalyani Commercials Ltd (KALYANI) — Share Price, Financials & Analysis"
symbol: "KALYANI"
company: "Kalyani Commercials Ltd"
canonical: "https://tapetide.com/stocks/KALYANI"
isin: "INE610E01010"
nse_symbol: "KALYANI"
sector: "Automobiles"
industry: "Dealers"
market_cap_cr: 14.5
generated_at: "2026-09-13T18:58:12.203Z"
---

# Kalyani Commercials Ltd (KALYANI)

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

## Company

- **NSE Symbol:** KALYANI
- **ISIN:** INE610E01010
- **Sector:** Automobiles
- **Industry:** Dealers
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2017-02-13
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kalyanicommercials.com

## About

Incorporated in 1985, Kalyani Commercials Ltd deals in trading of heavy commercial vehicles and servicing petroleum dealership[1]

## Latest Price

- **Price:** ₹144.99
- **Change:** 0 (0%)
- **Open:** ₹144.99
- **Day High:** ₹144.99
- **Day Low:** ₹144.99
- **Previous Close:** ₹144.99
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:41+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:25.523943Z.

- **Market Cap:** ₹14.5 Cr
- **Classification:** Microcap
- **P/E (reported):** 5.7
- **P/E (TTM):** 5.75
- **EPS (TTM):** ₹25.2
- **EPS (reported):** ₹24.18
- **Book Value:** ₹224.65
- **Price to Book:** 0.65
- **Dividend Yield:** 0%
- **ROE:** 8.66%
- **ROCE:** 30.91%
- **Debt to Equity:** 4.18
- **Revenue (yearly):** ₹230.7 Cr
- **Net Income:** ₹1.1 Cr
- **EBITDA:** ₹5.5 Cr
- **52-Week High:** ₹144.99
- **52-Week Low:** ₹144.99
- **RSI (14):** 0

## Key Insights

### Strengths

- Stock is trading at 0.65 times its book value
- Company is expected to give good quarter

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 12.9% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -127.66% | -101.78% | -125% |
| ebitda margin growth | -115% | -32.95% | -19.45% | 35.63% |
| net income growth | -123.08% | -42.11% | -6% | 34% |
| revenue growth | 42.72% | 1.32% | 21% | 34% |
| roce | -122.92% | -7.73% | -65.12% | 66.45% |
| roe | -119.53% | -52.88% | 11.61% | 51.13% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 76.33 | 77.3 | 62.47 | 57.85 | 89.66 | 136.9 | 102.9 | 95.05 | 118.39 | 181.21 | 192.53 | 84.93 |
| Expenses | 74.64 | 75.98 | 61.31 | 56.6 | 87.93 | 134.74 | 101.83 | 93.47 | 116.2 | 178.78 | 189.53 | 82.87 |
| Operating Profit | 1.69 | 1.32 | 1.16 | 1.25 | 1.73 | 2.16 | 1.07 | 1.58 | 2.19 | 2.43 | 3 | 2.06 |
| OPM % | 2.21 | 1.71 | 1.86 | 2.16 | 1.93 | 1.58 | 1.04 | 1.66 | 1.85 | 1.34 | 1.56 | 2.43 |
| Other Income | 0.06 | 0.85 | 0.29 | 0.1 | 0.09 | 0.09 | 1.25 | 0.43 | 0.45 | 0.32 | 1.01 | 0.52 |
| Interest | 0.92 | 1.27 | 0.91 | 0.45 | 0.75 | 1.81 | 1.08 | 1.09 | 2.32 | 1.87 | 2.19 | 1.95 |
| Depreciation | 0.12 | 0.12 | 0.1 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 |
| Profit before tax | 0.71 | 0.78 | 0.44 | 0.83 | 1 | 0.37 | 1.17 | 0.84 | 0.24 | 0.8 | 1.74 | 0.56 |
| Tax % | 30.99 | 26.92 | 27.27 | 25.3 | 26 | 29.73 | 37.61 | 25 | 0 | 21.25 | 28.74 | 25 |
| Net Profit | 0.49 | 0.57 | 0.32 | 0.62 | 0.74 | 0.26 | 0.72 | 0.63 | 0.24 | 0.63 | 1.24 | 0.41 |
| EPS in Rs | 4.9 | 5.7 | 3.2 | 6.2 | 7.4 | 2.6 | 7.2 | 6.3 | 2.4 | 6.3 | 12.4 | 4.1 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 486 | 401 | 228 | 135 | 229 | 332 | 277 | 387 | 587 | 577 |
| Expenses | 477 | 393 | 222 | 132 | 225 | 324 | 271 | 380 | 577 | 567 |
| Operating Profit | 8 | 9 | 5 | 3 | 4 | 8 | 6 | 7 | 9 | 10 |
| OPM % | 1.7 | 2.2 | 2.4 | 1.9 | 1.9 | 2.3 | 2.1 | 1.8 | 1.6 | 1.7 |
| Other Income | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 2 | 2 | 2 |
| Interest | 7 | 8 | 4 | 1 | 2 | 3 | 4 | 5 | 7 | 8 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 4 | 3 |
| Tax % | 37 | 25 | 21 | 36 | 24 | 29 | 28 | 30 | 26 | — |
| Net Profit | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 3 | 3 |
| EPS in Rs | 5.2 | 5.5 | 8.8 | 6.3 | 24.9 | 31.5 | 23.6 | 23.3 | 26.7 | 25.2 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 6 | 6 | 7 | 8 | 8 | 11 | 14 | 17 | 19 | 21 |
| Borrowings | 38 | 78 | 61 | 21 | 32 | 23 | 44 | 23 | 52 | 92 |
| Other Liabilities | 23 | 4 | 10 | 4 | 21 | 35 | 5 | 7 | 5 | 8 |
| Total Liabilities | 68 | 89 | 79 | 34 | 63 | 70 | 65 | 48 | 77 | 123 |
| Fixed Assets | 6 | 6 | 6 | 6 | 4 | 4 | 4 | 3 | 3 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 |
| Other Assets | 59 | 78 | 70 | 24 | 54 | 64 | 59 | 42 | 72 | 118 |
| Total Assets | 68 | 89 | 79 | 34 | 63 | 70 | 65 | 48 | 77 | 123 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | 3 | 27 | 44 | -2 | -1 | -18 | 25 | -25 | -29 |
| Cash from Investing Activity | -3 | -2 | 4 | 1 | 0 | 4 | -1 | 0 | 0 | 1 |
| Cash from Financing Activity | 2 | 2 | -32 | -45 | 10 | -12 | 19 | -24 | 24 | 33 |
| Net Cash Flow | -1 | 2 | -1 | -1 | 9 | -9 | 0 | 1 | -1 | 4 |
| Free Cash Flow | -1 | 2 | 26 | 45 | -2 | 0 | -19 | 25 | -25 | -30 |
| CFO/OP | -6 | 37 | 315 | 822 | -77 | -8 | -223 | 438 | -345 | -308 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 44 | 29 | 28 | 21 | 37 | 54 | 39 | 25 | 28 | 21 |
| Inventory Days | 4 | 24 | 35 | 12 | 72 | 43 | 24 | 29 | 30 | 36 |
| Days Payable | 13 | 1 | 8 | 4 | 56 | 54 | 2 | 5 | 2 | 1 |
| Cash Conversion Cycle | 35 | 51 | 55 | 30 | 54 | 43 | 61 | 48 | 57 | 57 |
| Working Capital Days | 29 | 53 | 52 | 30 | -8 | 10 | 10 | 15 | 14 | 9 |
| ROCE % | 14 | 12 | 11 | 10 | 6 | 12 | 16 | 13 | 15 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% | 53.14% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 45.47% | 45.47% | 45.47% | 45.47% | 45.47% | 45.47% | 45.47% | 45.47% | 45.45% | 45.45% | 45.45% | 45.45% |
| Others | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.41% | 1.41% | 1.41% | 1.41% |
| No. of Shareholders | 483 | 480 | 474 | 468 | 467 | 467 | 467 | 467 | 471 | 471 | 471 | 471 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 3 / 15 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 53.68 | Buy |
| EMA (10) | 69 | Buy |
| SMA (20) | — | Neutral |
| EMA (20) | — | Neutral |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.71 | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | — | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 19.9 | High Volatility |
| ROC (12) | 15.75 | Buy |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/KALYANI_10092026185313_Voting_Result_Kalayni.pdf) |
| 2026-09-08 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/KALYANI_08092026200606_Proceedings_Final.pdf) |
| 2026-08-18 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KALYANI_18082026115732_Newspaper_publication_signed.pdf) |
| 2026-08-17 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/KALYANI_17082026192211_Notice_KCL_merged.pdf) |
| 2026-08-17 | [Integrated Filing- Financial](https://nsearchives.nseindia.com/corporate/KALYANI_17082026171859_Outcome_Signed.pdf) |
| 2026-08-14 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KALYANI_14082026132608_Newspaper_Publication_kalyani_signed.pdf) |
| 2026-08-13 | [Integrated Filing- Financial](https://nsearchives.nseindia.com/corporate/KALYANI_13082026172033_Integrated_Financial_SIGNED.pdf) |
| 2026-07-21 | [Integrated Filing- Governance](https://nsearchives.nseindia.com/corporate/KALYANI_21072026153633_27_2__signed.pdf) |
| 2026-07-14 | [Reply to Clarification- Financial results](https://nsearchives.nseindia.com/corporate/KALYANI_30062026173041_CLARIFICATION.pdf) |
| 2026-07-10 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/KALYANI_10072026153307_Reg-74_5___1_.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALYANI_13082026172447_Integrated_Financial_SIGNED.pdf) |
| 2026-06-23 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALYANI_23062026183830_INTERNAL_AUDITOR_KALYANI_1__1_.pdf) |
| 2026-05-28 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALYANI_28052026190936_123_merged.pdf) |
| 2026-02-09 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALYANI_09022026170812_Kalyani_outcome_FINAL.pdf) |
| 2025-11-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALYANI_13112025163330_Outcome_of_Kalyani__1_.pdf) |
| 2025-11-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALYANI_13112025164439_Outcome_of_kalyani__2_.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_30385_KALYANI_2025_2026_A_3307498_17082026182309.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_28294_KALYANI_2024_2025_A_8726803_03092025171435.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25548_KALYANI_2023_2024_0309202416430.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23297_KALYANI_2022_2023_02092023182239_09022023190003.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20987_KALYANI_2021_2022_31082022110304_08312022120005.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19385_KALYANI_2020_2021_04092021185932_09042021190019.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17654_KALYANI_2019_2020_08092020190744_08092020200003.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_15159_KALYANI_2018_2019_07082019212439_07082019220004.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13176_KALYANI_2017_2018_22082018122641.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11451_KALYANI_2016_2017_19092017105203.zip) |

---

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 2026-09-13T18:58:12.203Z.