Kennametal India Ltd

₹ 4,275 -1.01%

18 Sep 4:01 p.m.

kennametal.com BSE: 505890 NSE: KENNAMET

About

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.^[1]^[2]

Key Points

Business segments & Revenue Split FY23

Website BSE NSE

Market Cap ₹ 9,402 Cr.
Current Price ₹ 4,275
High / Low ₹ 5,136 / 1,932
Stock P/E 48.0
Book Value ₹ 388
Dividend Yield 0.93 %
ROCE 33.2 %
ROE 24.5 %
Face Value ₹ 10.0

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Pros

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

Cons

Stock is trading at 11.0 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

Part of BSE Industrials BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	279	258	271	269	302	270	287	290	323	296	334	403	478
	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%
	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
Profit before tax	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%
	19	17	25	38	30	25	22	24	31	31	24	51	89
EPS in Rs	8.51	7.78	11.33	17.43	13.79	11.37	10.10	11.10	14.24	14.29	11.10	23.39	40.40
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025	Jun 2026
	570	570	652	793	927	641	811	991	1,077	1,100	1,170	1,511
	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%
	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
Profit before tax	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%
	34	21	24	52	86	32	67	114	88	110	103	196
EPS in Rs	15.25	9.44	11.09	23.80	39.27	14.79	30.30	51.92	39.90	50.28	46.82	89.18
Dividend Payout %	13%	21%	18%	8%	5%	0%	66%	46%	50%	60%	86%	0%

Compounded Sales Growth
10 Years:	10%
5 Years:	13%
3 Years:	12%
TTM:	29%

Compounded Profit Growth
10 Years:	25%
5 Years:	24%
3 Years:	32%
TTM:	105%

Stock Price CAGR
10 Years:	20%
5 Years:	24%
3 Years:	17%
1 Year:	104%

Return on Equity
10 Years:	15%
5 Years:	17%
3 Years:	17%
Last Year:	24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	0	0	0	0	10	13	0	0	3	3	2	2
	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
	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
	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 Flows

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025	Jun 2026
	61	17	77	63	84	28	155	49	116	114	145	18
	-17	-42	-45	-55	-139	-32	-24	-48	-45	-23	-4	-48
	-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

Standalone Figures in Rs. Crores / View Consolidated

	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

In beta

Jun 2016

Jun 2017

Jun 2018

Jun 2019

Jun 2020

Jun 2021

Jun 2022

Jun 2023

Jun 2024

Jun 2025

Hard Metal Products (HMP) Revenue
INR million

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Machining Solutions (MSG) Revenue
INR million

MSG Share of Total Revenue
%

Number of Employees (Total)
count

Domestic (India) Revenue
INR million

Domestic Share of Total Revenue
%

Export Revenue
INR million

Number of Dealers / Distributors
count

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.87%	0.98%	0.96%	1.00%	0.91%	0.93%	0.88%	0.93%	0.87%	0.38%	0.35%	0.23%
	13.04%	13.17%	13.45%	13.56%	13.54%	13.71%	13.72%	13.78%	13.95%	14.19%	14.04%	13.33%
	11.09%	10.85%	10.58%	10.43%	10.55%	10.35%	10.41%	10.30%	10.18%	10.43%	10.60%	11.43%
No. of Shareholders	14,144	13,438	11,527	10,993	11,036	10,973	11,116	11,734	11,493	11,201	11,023	12,110

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.00%	0.23%	1.29%	1.07%	0.78%	0.69%	0.63%	0.96%	0.88%	0.35%	0.23%
	15.32%	15.25%	12.09%	12.84%	12.91%	12.94%	12.80%	13.45%	13.72%	14.04%	13.33%
	9.68%	9.52%	11.62%	11.09%	11.31%	11.37%	11.59%	10.58%	10.41%	10.60%	11.43%
No. of Shareholders	6,413	6,275	7,649	8,039	8,604	14,767	13,872	11,527	11,116	11,023	12,110

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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