Kalyani Steels
KSL NSE
Kalyani Steels
Industrial ProductsNSE: KSL BSE: 500235 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹4,090 Cr
Volatility
Moderate
P/E Ratio
16.15
EBITDA
₹421 Cr
Return on Equity
12.25%
Debt to Equity
0.23
Book Value
₹482.18
EPS
₹56.59
52W High
₹992.6
52W Low
₹574
Tapetide Score
Data-driven rating, 0–100. How it works →
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
Growth Rate
Revenue Growth
-6.45% lower than
3Y
Net Income Growth
0.66% lower than
3Y
Cash Flow Change
-63.14% lower than
3Y
ROE
-9.59% lower than
3Y
ROCE
-13.58% higher than
3Y
EBITDA Margin (Avg.)
5.19% lower than
3Y
Quarterly Results
| 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 | 497 | 480 | 480 | 503 | 461 | 492 | 484 | 544 | 443 | 456 | 462 | 484 | 465 |
| Expenses | 404 | 387 | 384 | 413 | 382 | 396 | 401 | 430 | 357 | 371 | 371 | 385 | 373 |
| Operating Profit | 92 | 93 | 96 | 90 | 79 | 96 | 83 | 114 | 85 | 85 | 92 | 99 | 91 |
| OPM % | 19% | 19% | 20% | 18% | 17% | 20% | 17% | 21% | 19% | 19% | 20% | 20% | 20% |
| Other Income | 12 | 9 | 12 | 13 | 12 | 14 | 12 | 13 | 14 | 14 | 7 | 13 | 15 |
| Interest | 7 | 9 | 5 | 3 | 4 | 5 | 6 | 4 | 3 | 2 | 2 | 1 | 2 |
| Depreciation | 16 | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 15 | 15 | 14 | 14 | 14 |
| PBT | 82 | 78 | 88 | 84 | 72 | 90 | 75 | 107 | 82 | 83 | 83 | 97 | 91 |
| Tax % | 26% | 26% | 25% | 26% | 28% | 25% | 26% | 26% | 26% | 25% | 26% | 27% | 26% |
| Net Profit | 61 | 58 | 65 | 63 | 52 | 67 | 55 | 79 | 61 | 62 | 61 | 71 | 68 |
| EPS in Rs | 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 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kalyani Steels insights
61 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
17h - Announcement U/R 30 of SEBI LODR-Newspaper Publication-Audited Results-31-03-2026 17h - Announcement U/R 30 of SEBI LODR-Newspaper Publication-Audited Results-31-03-2026
2
Board Meeting Outcome for 1. Audited Financial Results (Standalone And Consolidated)
2. Recommendation Of Dividend For FY 2025-26 For The Quarter And Year Ended March 31, 2026
3. Appointment Of Independent Director
4. Appointment Of Chief Financial Officer
2d - Board approved FY26 audited results, Rs10 dividend, appointed new CFO and independent director on May 8, 2026. 2d - Board approved FY26 audited results, Rs10 dividend, appointed new CFO and independent director on May 8, 2026.
3
Announcement under Regulation 30 (LODR)-Change in Directorate
8 May - FY26 audited results approved; Rs10 dividend recommended; Shishir Joshipura appointed independent director, Bantu Patro CFO. 8 May - FY26 audited results approved; Rs10 dividend recommended; Shishir Joshipura appointed independent director, Bantu Patro CFO.
5
Announcement under Regulation 30 (LODR)-Change in Management
8 May - Board approved FY26 audited results, recommended Rs10 dividend, appointed CFO and independent director. 8 May - Board approved FY26 audited results, recommended Rs10 dividend, appointed CFO and independent director.
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. Its integrated Ginigera, Karnataka plant supplies critical grades
for automotive, bearings, energy, oil
& gas, engineeri...
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 market capitalisation of Kalyani Steels Ltd?
Kalyani Steels Ltd has a market capitalisation of ₹4,090 Cr, which places it in the Small Cap band.
What is the PE ratio of Kalyani Steels Ltd?
Kalyani Steels Ltd trades at a PE ratio of 16.15, on earnings per share of ₹56.59, against a book value of ₹482.18 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 ₹992.6.
Does Kalyani Steels Ltd pay dividends?
Kalyani Steels Ltd has a dividend yield of 1.03%.
What is the Return on Equity (ROE) of Kalyani Steels Ltd?
Kalyani Steels Ltd reported a return on equity of 12.25%. 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.[1]
Website kalyanisteels.com
CEO Mr. Ravindra Kumar Goyal
Employees 113
Listed 2010-05-19
Face Value ₹ 5
Issued Size 4,36,53,060
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