Kalyani Forge Ltd

Kalyani Forge is engaged in a leader in manufacturing close tolerance precision forging since its inception in 1979.(Source : Company Website)

  • Market Cap: 50.23 Cr.
  • Current Price: 138.00
  • 52 weeks High / Low 188.40 / 81.70
  • Book Value: 280.70
  • Stock P/E:
  • Dividend Yield: 0.72 %
  • ROCE: -1.89 %
  • ROE: -6.49 %
  • Sales Growth (3Yrs): -3.96 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Stock is trading at 0.49 times its book value
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of -3.55% over past five years.
Company has a low return on equity of 2.04% for last 3 years.
Earnings include an other income of Rs.2.02 Cr.

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
68.54 63.81 69.24 70.09 78.15 72.17 65.94 66.56 53.77 34.06 46.56 17.79
62.57 59.71 61.67 62.66 70.85 64.92 62.12 61.34 49.02 33.58 48.63 16.49
Operating Profit 5.97 4.10 7.57 7.43 7.30 7.25 3.82 5.22 4.75 0.48 -2.07 1.30
OPM % 8.71% 6.43% 10.93% 10.60% 9.34% 10.05% 5.79% 7.84% 8.83% 1.41% -4.45% 7.31%
Other Income 0.78 2.44 2.98 0.10 1.64 0.99 3.75 1.06 0.75 0.62 0.31 0.34
Interest 1.68 1.88 1.64 1.84 2.18 1.13 2.44 1.89 1.31 1.09 1.08 0.54
Depreciation 3.17 3.47 3.58 3.66 3.80 3.83 3.75 3.60 3.58 3.40 3.31 3.27
Profit before tax 1.90 1.19 5.33 2.03 2.96 3.28 1.38 0.79 0.61 -3.39 -6.15 -2.17
Tax % 33.16% 33.61% 24.95% 31.03% 21.62% 41.46% 2.90% 36.71% 36.07% 21.83% 15.93% 22.58%
Net Profit 1.27 0.79 4.00 1.40 2.32 1.92 1.34 0.50 0.39 -2.65 -5.17 -1.68
EPS in Rs 3.48 2.17 11.01 3.84 6.38 5.28 3.67 1.37 1.08 -7.29 -14.20 -4.62
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
163 164 236 278 261 205 241 231 227 259 286 201 152
151 147 210 238 228 182 226 215 212 237 261 193 148
Operating Profit 12 17 26 40 33 24 14 16 15 22 26 8 4
OPM % 7% 10% 11% 14% 13% 11% 6% 7% 7% 8% 9% 4% 3%
Other Income 4 5 2 1 2 2 2 3 5 7 6 3 2
Interest 5 5 7 9 8 5 6 5 4 6 8 5 4
Depreciation 9 11 11 12 13 13 13 12 10 13 15 14 14
Profit before tax 2 6 10 20 14 7 -3 2 5 9 10 -8 -11
Tax % 58% 34% 36% 32% 36% 33% 24% 46% 33% 29% 28% 15%
Net Profit 1 4 6 13 9 5 -2 1 3 7 7 -7 -9
EPS in Rs 2.12 10.44 17.39 36.46 23.83 12.71 0.00 2.62 9.57 18.04 19.14 0.00 -25.03
Dividend Payout % 52% 17% 11% 7% 10% 19% 0% 66% 21% 19% 21% -5%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:2.05%
5 Years:-3.55%
3 Years:-3.96%
TTM:-46.19%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-249.84%
Stock Price CAGR
10 Years:-3.71%
5 Years:-12.43%
3 Years:-23.15%
1 Year:-19.77%
Return on Equity
10 Years:4.43%
5 Years:2.14%
3 Years:2.04%
Last Year:-6.49%

Balance Sheet Figures in Rs. Crores

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4 4 4 4 4 4 4 4 4 4 4 4
Reserves 67 70 75 88 95 99 94 94 98 103 108 98
Borrowings 61 59 73 72 69 60 47 41 63 63 47 31
47 49 60 54 51 48 57 60 71 65 69 51
Total Liabilities 179 181 212 217 219 210 201 199 236 235 227 184
72 81 82 82 83 79 61 64 60 84 78 65
CWIP 20 6 7 5 7 14 17 8 30 5 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
86 94 122 130 128 117 123 127 147 146 148 118
Total Assets 179 181 212 217 219 210 201 199 236 235 227 184

Cash Flows Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
31 15 12 33 30 19 25 19 15 12 30 24
-22 -5 -20 -15 -24 -6 -2 -5 -41 -2 -7 -1
-22 -8 6 -12 -11 -15 -20 -11 19 -8 -25 -23
Net Cash Flow -13 2 -2 7 -5 -2 3 3 -7 2 -2 -0

Ratios Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% 9% 13% 19% 13% 8% 2% 5% 6% 9% 10% -2%
Debtor Days 96 101 96 82 84 94 92 98 99 99 96 103
Inventory Turnover 3.85 4.02 4.96 5.13 4.67 3.55 4.28 3.83 3.11 3.29 3.53 2.79

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
58.61 58.61 58.61 58.61 58.61 58.61 58.61 58.61 58.59 58.61 58.61 58.61
41.39 41.39 41.39 41.39 41.39 41.39 41.39 41.39 41.41 41.39 41.39 41.39