Kennametal India
- P/E
- 42.53
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 33.20%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹89.18
- Book Value
- ₹388.42
- Market Cap
- —
- P/E (TTM)
- 42.53
- P/B
- 9.76
- ROE
- 24.50%
- Dividend Yield
- 1.06%
- EBITDA
- ₹188 Cr
- 52W High
- ₹5,136.00
- 52W Low
- ₹1,932.10
- Volume
- 0
Peer Comparison
Industrials › Capital Goods › Industrial Products
| ₹1,240.10 | 106.91 | ₹59,516 Cr | 18.47 | 0.55% | 23.40% | 25.00% | ₹3,482 Cr | ₹562 Cr | |
| ₹3,999.80 | 98.59 | ₹46,234 Cr | 14.53 | 0.04% | 25.40% | 28.60% | ₹4,883 Cr | ₹477 Cr | |
| ₹1,512.60 | 79.19 | ₹28,543 Cr | 9.59 | 0.10% | 14.00% | 16.80% | ₹5,464 Cr | ₹401 Cr | |
| ₹29,810.00 | 47.82 | ₹25,976 Cr | 5.65 | 0.38% | 12.60% | 17.00% | ₹4,703 Cr | ₹552 Cr | |
| ₹1,034.95 | 73.19 | ₹22,990 Cr | 11.01 | 0.00% | 18.20% | 21.30% | ₹2,191 Cr | ₹323 Cr | |
| ₹3,330.00 | 64.57 | ₹21,957 Cr | 4.71 | 0.00% | 8.69% | 12.70% | ₹3,899 Cr | ₹345 Cr | |
| ₹17,358.00 | 106.09 | ₹18,108 Cr | 6.10 | 0.21% | 4.05% | 5.58% | ₹3,374 Cr | ₹176 Cr | |
| ₹3,792.90 | 42.53 | ₹8,277 Cr | 9.76 | 1.06% | 24.50% | 33.20% | ₹1,029 Cr | ₹195 Cr | |
| Median 8 companies | ₹3,561.45 | 76.19 | ₹24,483 Cr | 9.68 | 0.16% | 16.10% | 19.15% | ₹3,690 Cr | ₹373 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 98/100
Category scores
- Quality
- 37
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 42
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 73
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 80
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 66
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 33
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.2% CAGR over last 5 years
Weaknesses
1- Stock is trading at 11.0 times its book value
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 7 | 7 | 5 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Neutral | 5 | 0 | 5 |
Oscillators
Bearish
Overall
Bearish
Moving Averages
Neutral
Key readings
- RSI (14)
- 43.57
- Neutral
- MACD (12,26,9)
- −121.17
- Bearish
- SMA (50)
- 4,221.82
- Bearish
- SMA (200)
- 3,023.59
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Jun 2026; 1Y: fiscal year to Jun 2026 against Jun 2025.
Revenue
| 10Y | +10.24% |
|---|---|
| 5Y | +13.25% |
| 3Y | +11.95% |
| 1Y | +29.15% |
Net profit
| 10Y | +25.03% |
|---|---|
| 5Y | +23.95% |
| 3Y | +30.59% |
| 1Y | +90.29% |
Operating cash flow
| 10Y | +0.57% |
|---|---|
| 5Y | −34.99% |
| 3Y | −46.26% |
| 1Y | −87.59% |
Operating margin· change in pp
| 10Y | +12.05 pp |
|---|---|
| 5Y | +5.32 pp |
| 3Y | +6.01 pp |
| 1Y | +5.42 pp |
Trailing twelve months: The last four quarters end with the latest fiscal year, which the 1Y column covers.
Revenue by year
| Jun 2017 | ₹652 Cr |
|---|---|
| Jun 2018 | ₹793 Cr |
| Jun 2019 | ₹927 Cr |
| Jun 2020 | ₹641 Cr |
| Jun 2021 | ₹811 Cr |
| Jun 2022 | ₹991 Cr |
| Jun 2023 | ₹1,077 Cr |
| Jun 2024 | ₹1,100 Cr |
| Jun 2025 | ₹1,170 Cr |
| Jun 2026 | ₹1,511 Cr |
Net profit by year
| Jun 2017 | ₹24.00 Cr |
|---|---|
| Jun 2018 | ₹52.00 Cr |
| Jun 2019 | ₹86.00 Cr |
| Jun 2020 | ₹32.00 Cr |
| Jun 2021 | ₹67.00 Cr |
| Jun 2022 | ₹114 Cr |
| Jun 2023 | ₹88.00 Cr |
| Jun 2024 | ₹110 Cr |
| Jun 2025 | ₹103 Cr |
| Jun 2026 | ₹196 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Kennametal India Ltd trades at a market cap of ₹6,388 Cr with a PE of 46.2x and P/B of 8.0x, reflecting premium valuations. The company is virtually debt-free with a 65% dividend payout, but delivers a modest 13% ROE over three years while TTM sales grew 18% and profits grew 36%.
- Company is almost debt-free, significantly reducing financial risk and interest burden
- TTM profit growth of 36% indicates strong recent earnings momentum
- TTM sales growth of 18% shows accelerating top-line performance compared to 3-year CAGR of 6%
- Healthy dividend payout ratio of 65.1% demonstrates shareholder-friendly capital allocation with current yield of 1.37%
- 5-year compounded profit CAGR of 22% reflects sustained long-term earnings growth
- 10-year stock CAGR of 16% shows consistent long-term wealth creation
- 5-year compounded sales CAGR of 13% indicates solid medium-term revenue trajectory
- Company has actively reduced debt over time, strengthening its balance sheet position
- PE ratio of 46.2x is significantly elevated for an industrial company with 13% ROE
- Price-to-book of 8.0x is expensive, implying high expectations already priced in
- 3-year ROE averages only 13%, which is modest relative to the premium valuation commanded
- 3-year compounded profit CAGR is negative at -5%, indicating earnings were inconsistent before recent recovery
- 3-year stock CAGR of only 3% suggests the stock stagnated for an extended period before the recent rally
- 10-year compounded sales CAGR of just 7% points to structurally slow top-line growth over longer periods
- 1-year stock return of 24% has expanded an already high PE multiple, increasing downside risk if earnings disappoint
- ROE has remained flat at 13-14% across 3, 5, and 10-year periods, showing limited improvement in capital efficiency
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Limited news flow for Kennametal India with only routine corporate governance actions reported. The overwhelming shareholder approval (99.97%) for related party transactions signals no governance concerns. Q4FY26 results are imminent given the trading window closure, which will be the next meaningful catalyst for the stock.
- Related party transactions approved Jun 23
Shareholders approved material related party transactions with Kennametal Inc., USA and Kennametal Europe GmbH, Switzerland with 99.97% votes in favour via e-voting.
- Trading window closed pre-results Jun 12
Trading window closed from June 16, 2026 until 48 hours after Q4FY26 results are declared, per SEBI insider trading regulations.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | 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 | 279 | 258 | 271 | 269 | 302 | 270 | 287 | 290 | 323 | 296 | 334 | 403 | 478 |
| Expenses | 243 | 223 | 228 | 224 | 254 | 228 | 246 | 250 | 274 | 243 | 289 | 326 | 349 |
| Operating Profit | 36 | 35 | 43 | 45 | 49 | 42 | 41 | 40 | 49 | 53 | 45 | 77 | 129 |
| OPM % | 13% | 14% | 16% | 17% | 16% | 16% | 14% | 14% | 15% | 18% | 13% | 19% | 27% |
| Other Income | 1 | 2 | 2 | 18 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 4 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 11 | 10 | 11 | 11 | 11 | 12 | 11 | 12 | 12 | 12 | 12 | 12 | 12 |
| PBT | 27 | 26 | 33 | 52 | 40 | 34 | 32 | 33 | 41 | 43 | 35 | 69 | 118 |
| Tax % | 30% | 35% | 25% | 26% | 24% | 26% | 31% | 26% | 24% | 28% | 31% | 26% | 25% |
| Net Profit | 19 | 17 | 25 | 38 | 30 | 25 | 22 | 24 | 31 | 31 | 24 | 51 | 89 |
| EPS (₹) | 8.51 | 7.78 | 11.33 | 17.43 | 13.79 | 11.37 | 10.1 | 11.1 | 14.24 | 14.29 | 11.1 | 23.39 | 40.4 |
Profit & Loss
₹ Cr| Particulars | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 570 | 570 | 652 | 793 | 927 | 641 | 811 | 991 | 1,077 | 1,100 | 1,170 | 1,511 |
| Expenses | 510 | 524 | 594 | 692 | 791 | 580 | 691 | 812 | 926 | 929 | 998 | 1,207 |
| Operating Profit | 60 | 46 | 58 | 101 | 136 | 61 | 120 | 179 | 152 | 171 | 172 | 304 |
| OPM % | 11% | 8% | 9% | 13% | 15% | 10% | 15% | 18% | 14% | 16% | 15% | 20% |
| Other Income | 12 | 9 | 0 | 0 | 14 | 15 | 8 | 9 | 5 | 24 | 14 | 11 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 26 | 24 | 28 | 28 | 28 | 34 | 38 | 36 | 39 | 44 | 46 | 48 |
| PBT | 46 | 31 | 30 | 73 | 122 | 40 | 89 | 153 | 118 | 151 | 140 | 266 |
| Tax % | 28% | 32% | 20% | 28% | 29% | 20% | 26% | 25% | 25% | 27% | 27% | 26% |
| Net Profit | 34 | 21 | 24 | 52 | 86 | 32 | 67 | 114 | 88 | 110 | 103 | 196 |
| EPS (₹) | 15.25 | 9.44 | 11.09 | 23.8 | 39.27 | 14.79 | 30.3 | 51.92 | 39.9 | 50.28 | 46.82 | 89.18 |
| Div. Payout % | 13% | 21% | 18% | 8% | 5% | 0% | 66% | 46% | 50% | 60% | 86% | 0% |
Balance Sheet
₹ Cr| Particulars | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 340 | 355 | 372 | 417 | 497 | 528 | 551 | 624 | 666 | 712 | 725 | 832 |
| Borrowings | 0 | 0 | 0 | 0 | 10 | 13 | 0 | 0 | 3 | 3 | 2 | 2 |
| Other Liabilities | 117 | 130 | 144 | 199 | 226 | 125 | 191 | 184 | 160 | 191 | 217 | 409 |
| Total Liabilities | 478 | 507 | 537 | 638 | 755 | 688 | 765 | 830 | 851 | 927 | 967 | 1,265 |
| Fixed Assets | 101 | 107 | 146 | 154 | 184 | 247 | 225 | 215 | 275 | 294 | 273 | 282 |
| CWIP | 6 | 16 | 3 | 21 | 67 | 32 | 52 | 77 | 34 | 8 | 8 | 7 |
| Investments | 0 | 0 | 51 | 0 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 371 | 383 | 338 | 462 | 504 | 408 | 486 | 538 | 542 | 626 | 685 | 976 |
| Total Assets | 478 | 507 | 537 | 638 | 755 | 688 | 765 | 830 | 851 | 927 | 967 | 1,265 |
Cash Flow
₹ Cr| Particulars | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 61 | 17 | 77 | 63 | 84 | 28 | 155 | 49 | 116 | 114 | 145 | 18 |
| Investing | −17 | −42 | −45 | −55 | −139 | −32 | −24 | −48 | −45 | −23 | −4 | −48 |
| Financing | −5 | −5 | −5 | −5 | 4 | 2 | −57 | −53 | −45 | −67 | −89 | −89 |
| Net Cash Flow | 38 | −30 | 27 | 2 | −51 | −2 | 73 | −51 | 26 | 24 | 52 | −118 |
| Free Cash Flow | 43 | −26 | 27 | 3 | −25 | −33 | 129 | −16 | 69 | 86 | 116 | −35 |
| CFO/OP | 134 | 82 | 143 | 65 | 89 | 71 | 144 | 49 | 97 | 84 | 93 | 24 |
Ratios
| Particulars | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 76 | 62 | 66 | 57 | 46 | 51 | 50 | 48 | 59 | 59 | 65 |
| Inventory Days | 115 | 137 | 114 | 136 | 150 | 208 | 173 | 195 | 149 | 168 | 172 | 280 |
| Days Payable | 75 | 86 | 89 | 92 | 93 | 60 | 86 | 75 | 46 | 68 | 65 | 127 |
| Cash Conversion Cycle | 111 | 127 | 87 | 109 | 114 | 194 | 138 | 170 | 151 | 160 | 166 | 219 |
| Working Capital Days | 79 | 90 | 57 | 57 | 68 | 96 | 62 | 88 | 82 | 101 | 88 | 122 |
| ROCE % | 11% | 8% | 9% | 20% | 25% | 8% | 16% | 25% | 17% | 19% | 18% | 33% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kennametal insights
59 extracted metrics across FY11–FY27.
Documents
- Concall · Sep 2026Recording
- Concall · Aug 2026PPT
- Concall · Mar 2024Transcript
- Q4 FY23 concall · Jun 2023Transcript
- Concall · May 2023Transcript
- 5 Nov 2025
- 13 Aug 2025
- 16 Dec 2025
- 21 Oct 2024
- 17 Oct 2023
- 18 Jul 2022
- 25 Jul 2019
Frequently Asked Questions about Kennametal India
What does Kennametal India Ltd do?
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Does Kennametal India Ltd pay dividends?
What is the Return on Equity (ROE) of Kennametal India Ltd?
Company Information
Kennametal India Ltd was incorporated in 1938, it is a 75% subsidiary of Kennametal Inc. It manufactures carbide tools and special-purpose machines for automotive, defense, railways, infrastructure and General engineering segments. The manufacturing unit is in Bengaluru.
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