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Kalyani Steels

KSL NSE
₹864.95 +26.05 (+3.11%)
P/E
14.42
View as Markdown
MCP
Close 4 Nov 2026 ₹864.95 +57.90 +7.17% 1Y
Start ₹807.05

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
14.70%
Debt to Equity
0.23
EPS (TTM)
₹59.97
Book Value
₹506.04
Market Cap
—
P/E (TTM)
14.42
P/B
1.71
ROE
13.00%
Dividend Yield
1.19%
EBITDA
₹421 Cr
52W High
₹1,032.90
52W Low
₹574.00
Day Range
₹833.55 – ₹871.00
Volume
41,658

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Kalyani Steels peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Kalyani Steels (this company)
₹864.9514.42₹3,702 Cr1.711.19%13.00%14.70%₹1,867 Cr₹262 Cr
Median 8 companies₹1,048.1829.40₹16,390 Cr3.920.41%14.05%18.05%₹10,869 Cr₹511 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

56 Good

Data confidence 100/100

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
79
Strong
Cheap vs sector & own history 24% weight
Growth
17
Poor
Sales & profit trajectory 9% weight
Financial Health
67
Strong
Solvency, leverage, coverage 9% weight
Momentum
42
Weak
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
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

1
  • Company has been maintaining a healthy dividend payout of 17.4%

Weaknesses

2
  • The company has delivered a poor sales growth of 9.21% over past five years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
42.93
Neutral
MACD (12,26,9)
−25.31
Bearish
SMA (50)
922.37
Bearish
SMA (200)
820.91
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+4.58%
5Y+9.22%
3Y−0.94%
1Y−6.86%
TTM−4.89%

Net profit

Net profit growth by window
10Y+8.38%
5Y+6.06%
3Y+15.15%
1Y+0.79%
TTM0.00%

Operating cash flow

Operating cash flow growth by window
10Y−1.25%
5Y+18.03%
3YTurned positive
1Y−62.92%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−0.36 pp
5Y−2.58 pp
3Y+6.61 pp
1Y+0.74 pp
TTM+0.40 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,257 Cr
Mar 2018₹1,345 Cr
Mar 2019₹1,407 Cr
Mar 2020₹1,199 Cr
Mar 2021₹1,188 Cr
Mar 2022₹1,706 Cr
Mar 2023₹1,899 Cr
Mar 2024₹1,959 Cr
Mar 2025₹1,982 Cr
Mar 2026₹1,846 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹156 Cr
Mar 2018₹115 Cr
Mar 2019₹132 Cr
Mar 2020₹137 Cr
Mar 2021₹190 Cr
Mar 2022₹243 Cr
Mar 2023₹167 Cr
Mar 2024₹247 Cr
Mar 2025₹253 Cr
Mar 2026₹255 Cr

Analyst Forecasts

Forecast For
Mar 27 consensus · Price
₹1,128.00 +16.8% vs Sep 26
Reported High Mean Low

Quarterly Results

₹ Cr
KSL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
497
480
480
503
461
492
484
544
443
456
462
484
465
494
Expenses
404
387
384
413
382
396
401
430
357
371
371
385
373
387
Operating Profit
92
93
96
90
79
96
83
114
85
85
92
99
91
107
OPM %
19%
19%
20%
18%
17%
20%
17%
21%
19%
19%
20%
20%
20%
22%
Other Income
12
9
12
13
12
14
12
13
14
14
7
13.98
15
16
Interest
7
9
5
3
4
5
6
4
3
2
2
1
2
2
Depreciation
16
15
15
15
16
16
16
16
15
15
14
14
14
14
PBT
82
78
88
84
72
90
75
107
82
83
83
97
91
108
Tax %
26%
26%
25%
26%
28%
25%
26%
26%
26%
25%
26%
27%
26%
26%
Net Profit
61
58
65
63
52
67
55
79
61
62
61
71
68
79
EPS (₹)
14.03
13.36
14.97
14.33
11.81
15.3
12.69
18.16
13.97
14.16
14.05
16.27
15.49
—

Sep 2026: from the results filed on 28 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
KSL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,226
1,180
1,257
1,345
1,407
1,199
1,188
1,706
1,899
1,959
1,982
1,846
1,867
Expenses
1,059
945
970
1,142
1,194
1,004
925
1,367
1,654
1,588
1,609
1,484
1,500
Operating Profit
168
235
288
203
212
195
263
339
246
371
373
361
367
OPM %
14%
20%
23%
15%
15%
16%
22%
20%
13%
19%
19%
20%
20%
Other Income
2
3
13
17
25
23
43
46
56
47
52
49
49
Interest
15
12
10
9
7
8
7
13
28
25
19
9
8
Depreciation
31
52
52
37
38
43
44
46
49
61
63
57
56
PBT
124
174
239
175
192
168
255
326
225
333
343
344
353
Tax %
33%
35%
35%
34%
31%
18%
25%
25%
26%
26%
26%
26%
—
Net Profit
83
114
156
115
132
137
190
243
167
247
253
255
262
EPS (₹)
19.08
26.02
35.85
26.32
30.25
31.41
43.59
55.65
38.26
56.69
57.96
58.45
59.97
Div. Payout %
0%
0%
14%
19%
17%
16%
17%
18%
26%
18%
17%
17%
—

Balance Sheet

₹ Cr
KSL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
22
22
22
22
22
22
22
22
22
22
22
22
Reserves
454
568
680
763
869
942
1,132
1,346
1,468
1,670
1,883
2,078
Borrowings
219
327
239
169
18
0
168
438
506
596
438
475
Other Liabilities
390
338
421
325
422
400
328
551
355
297
403
416
Total Liabilities
1,084
1,255
1,361
1,278
1,330
1,364
1,650
2,356
2,351
2,584
2,745
2,990
Fixed Assets
442
488
436
437
422
418
382
358
599
734
678
627
CWIP
13
0
5
5
5
5
11
154
18
381
429
560
Investments
77
249
234
280
366
177
144
147
146
145
150
143
Other Assets
552
517
686
557
537
763
1,113
1,696
1,587
1,324
1,487
1,660
Total Assets
1,084
1,255
1,361
1,278
1,330
1,364
1,650
2,356
2,351
2,584
2,745
2,990

Cash Flow

₹ Cr
KSL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
114
161
152
191
286
257
62
263
−126
317
383
142
Investing
−107
−255
−38
−77
−117
−183
−226
−470
153
−320
−136
−106
Financing
−19
97
−98
−105
−181
−80
160
218
−39
12
−252
−42
Net Cash Flow
−12
2
16
10
−12
−6
−3
11
−12
9
−5
−6
Free Cash Flow
12
76
139
159
264
223
46
92
−237
−258
358
81
CFO/OP
85
90
84
125
163
157
48
104
−25
107
125
63

Ratios

KSL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
98
107
135
102
80
72
77
89
78
78
79
98
Inventory Days
97
90
81
53
71
74
71
82
100
66
68
72
Days Payable
131
120
147
88
153
184
140
172
81
67
96
96
Cash Conversion Cycle
64
77
69
67
−1
−39
7
−1
97
77
51
74
Working Capital Days
69
31
27
24
25
11
−11
−18
29
−12
−15
0
ROCE %
21%
23%
27%
19%
20%
19%
23%
22%
13%
17%
16%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Kalyani Steels insights

63 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 64.70%
  • Public 17.66%
  • DIIs 10.66%
  • Others 5.07%
  • FIIs 1.91%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Kalyani Steels

What does Kalyani Steels Ltd do?
Kalyani Steels Ltd, a Kalyani Group specialty-steel company, manufactures forging and engineering-quality carbon /alloy-steel long products through the blast-furnace route.
Where is Kalyani Steels Ltd (KSL) listed?
Kalyani Steels Ltd trades as KSL on the NSE and under code 500235 on the BSE.
Which sector does Kalyani Steels Ltd belong to?
Kalyani Steels Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Kalyani Steels Ltd?
Kalyani Steels Ltd trades at a PE ratio of 14.42 as of 4 Nov 2026, on earnings per share of ₹59.97, against a book value of ₹506.04 per share.
What is the 52-week high and low of Kalyani Steels Ltd?
Over the last 52 weeks Kalyani Steels Ltd has traded between ₹574 and ₹1,032.9 as of 4 Nov 2026.
Does Kalyani Steels Ltd pay dividends?
Kalyani Steels Ltd has a dividend yield of 1.19%.
What is the Return on Equity (ROE) of Kalyani Steels Ltd?
Kalyani Steels Ltd reported a return on equity of 13.00%. Its debt-to-equity ratio is 0.23.

Company Information

Kalyani Steels Ltd, a Kalyani Group specialty-steel company, manufactures forging and engineering-quality carbon /alloy-steel long products through the blast-furnace route. Its integrated Ginigera, Karnataka plant supplies critical grades for automotive, bearings, energy, oil & gas, engineering, seamless tube, defence and railway applications, with group forging companies as key customers.

Website kalyanisteels.com
CEO Mr. Ravindra Kumar Goyal
Employees 113
Listed 19 May 2010
Face Value ₹5

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