Kalyani Steels Ltd
- Market Cap ₹ 3,816 Cr.
- Current Price ₹ 874
- High / Low ₹ 983 / 574
- Stock P/E 14.6
- Book Value ₹ 481
- Dividend Yield 1.14 %
- ROCE 14.7 %
- ROE 13.0 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 17.4%
Cons
- The company has delivered a poor sales growth of 9.21% over past five years.
- Company might be capitalizing the interest cost
* 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 Products Iron & Steel Products
Part of BSE Industrials BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,226 | 1,180 | 1,257 | 1,345 | 1,407 | 1,199 | 1,188 | 1,706 | 1,899 | 1,959 | 1,982 | 1,846 | |
| 1,059 | 945 | 970 | 1,142 | 1,194 | 1,004 | 925 | 1,367 | 1,654 | 1,588 | 1,609 | 1,484 | |
| Operating Profit | 168 | 235 | 288 | 203 | 212 | 195 | 263 | 339 | 246 | 371 | 373 | 361 |
| OPM % | 14% | 20% | 23% | 15% | 15% | 16% | 22% | 20% | 13% | 19% | 19% | 20% |
| 2 | 3 | 13 | 17 | 25 | 23 | 43 | 46 | 56 | 47 | 52 | 49 | |
| Interest | 15 | 12 | 10 | 9 | 7 | 8 | 7 | 13 | 28 | 25 | 19 | 9 |
| Depreciation | 31 | 52 | 52 | 37 | 38 | 43 | 44 | 46 | 49 | 61 | 63 | 57 |
| Profit before tax | 124 | 174 | 239 | 175 | 192 | 168 | 255 | 326 | 225 | 333 | 343 | 344 |
| Tax % | 33% | 35% | 35% | 34% | 31% | 18% | 25% | 25% | 26% | 26% | 26% | 26% |
| 83 | 114 | 156 | 115 | 132 | 137 | 190 | 243 | 167 | 247 | 253 | 255 | |
| 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 |
| Dividend Payout % | 0% | 0% | 14% | 19% | 17% | 16% | 17% | 18% | 26% | 18% | 17% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 9% |
| 3 Years: | -1% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 7% |
| 3 Years: | 16% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 14% |
| 3 Years: | 27% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 219 | 327 | 239 | 169 | 18 | 0 | 168 | 438 | 506 | 596 | 438 | 475 | |
| 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 |
| 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 |
| 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 Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 114 | 161 | 152 | 191 | 286 | 257 | 62 | 263 | -126 | 317 | 383 | 142 | |
| -107 | -255 | -38 | -77 | -117 | -183 | -226 | -470 | 153 | -320 | -136 | -106 | |
| -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
Standalone Figures in Rs. Crores / View Consolidated
| 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
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Rolled Products Sales Volume tonnes |
|
|||||||||
| Total Sales Volume (Rolled Products + Blooms + Pig Iron + Coke) tonnes |
||||||||||
| Group Company Sales as % of Net Sales % |
||||||||||
| Automotive Segment as % of Revenue % |
||||||||||
| Rolling Mill Capacity Utilization % |
||||||||||
| PBILDT per Tonne INR/tonne |
||||||||||
| Coke Oven Sales Volume (Foundry Coke & BF Coke) tonnes |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
1d - ICRA reaffirmed Kalyani Steels' A1+ rating for Rs 50 crore commercial paper on July 31, 2026.
-
Board Meeting Intimation for Consideration And Approval The Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended June 30, 2026
2d - Board meets August 7, 2026 to approve June quarter unaudited standalone and consolidated results.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
-
Business Responsibility and Sustainability Reporting (BRSR)
29 Jul - Kalyani Steels filed FY2025-26 BRSR, disclosing SEBI settlement order for prior RPT non-compliance.
-
Reg. 34 (1) Annual Report.
29 Jul - 53rd AGM on Aug 27, 2026; dividend record date July 31; RPT approvals up to Rs7,000 million.
Annual reports
-
Financial Year 2026
from bse
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
Products
The product portfolio of the Co consists of camshafts, connecting rods, gears, transmission shafts, axle beams, steering knuckles, etc for Automotive Industry, round casts for Seamless Tube Industry, rolled bars for Engineering Applications, etc. [1]