Kalyani Steels Ltd

₹ 339 1.24%
05 Dec 4:10 p.m.
About

Kalyani Steels Ltd, a part of Kalyani Group, is primarily engaged in the business of manufacture and sale of Iron and Steel Products. [1][2]

Key Points

Products
The product portfolio of the Co consists of camshaft, connecting rods, gears, transmission shafts, axle beams, steering knuckles etc for Automotive Industry, round cast for Seamless Tube Industry, rolled bars for Engineering Application etc. [1]

  • Market Cap 1,479 Cr.
  • Current Price 339
  • High / Low 354 / 263
  • Stock P/E 8.73
  • Book Value 317
  • Dividend Yield 2.95 %
  • ROCE 22.4 %
  • ROE 19.2 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.07 times its book value
  • Company has been maintaining a healthy dividend payout of 17.1%
  • Company's working capital requirements have reduced from 20.0 days to 14.0 days

Cons

  • The company has delivered a poor sales growth of 6.29% 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
303 281 272 121 322 368 377 390 461 407 449 493 500
259 230 233 107 261 284 273 294 375 346 352 457 449
Operating Profit 44 50 39 14 61 84 104 96 86 61 97 36 51
OPM % 15% 18% 14% 12% 19% 23% 28% 25% 19% 15% 22% 7% 10%
4 7 8 10 11 9 12 12 13 12 10 13 13
Interest 2 2 2 1 1 1 3 3 3 3 3 5 6
Depreciation 11 11 11 11 11 11 11 11 11 12 12 12 12
Profit before tax 35 44 33 12 60 81 102 93 83 58 91 32 46
Tax % -28% 27% 31% 25% 25% 25% 26% 25% 26% 26% 25% 26% 25%
Net Profit 45 32 23 9 45 60 76 70 62 43 68 24 35
EPS in Rs 10.35 7.42 5.27 2.01 10.35 13.86 17.38 16.02 14.15 9.80 15.67 5.41 7.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,236 976 809 1,116 1,226 1,180 1,257 1,345 1,407 1,199 1,188 1,706 1,849
1,134 934 732 987 1,059 945 970 1,142 1,194 1,004 925 1,367 1,605
Operating Profit 102 43 77 129 168 235 288 203 212 195 263 339 244
OPM % 8% 4% 9% 12% 14% 20% 23% 15% 15% 16% 22% 20% 13%
17 27 7 12 2 3 13 17 25 23 43 46 47
Interest 21 21 22 17 15 12 10 9 7 8 7 13 17
Depreciation 29 26 24 34 31 52 52 37 38 43 44 46 47
Profit before tax 69 22 38 89 124 174 239 175 192 168 255 326 227
Tax % 20% 2% 37% 35% 33% 35% 35% 34% 31% 18% 25% 25%
Net Profit 55 22 24 59 83 114 156 115 132 137 190 243 169
EPS in Rs 12.53 5.05 5.47 13.42 19.08 26.02 35.85 26.32 30.25 31.41 43.59 55.65 38.81
Dividend Payout % 16% 20% 27% 22% 0% 0% 14% 19% 17% 16% 17% 18%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 7%
TTM: 16%
Compounded Profit Growth
10 Years: 30%
5 Years: 9%
3 Years: 25%
TTM: -37%
Stock Price CAGR
10 Years: 20%
5 Years: -1%
3 Years: 15%
1 Year: 4%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 17%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 300 317 333 376 454 568 680 763 869 942 1,132 1,346 1,360
257 227 170 206 219 327 239 169 18 0 168 340 681
218 232 311 430 390 338 421 325 422 400 328 551 522
Total Liabilities 797 798 836 1,035 1,084 1,255 1,361 1,278 1,330 1,364 1,650 2,258 2,585
214 191 337 339 442 488 436 437 422 418 382 358 337
CWIP 12 60 14 10 13 0 5 5 5 5 11 154 236
Investments 83 69 49 31 77 249 234 280 366 177 144 147 148
487 479 436 654 552 517 686 557 537 763 1,113 1,597 1,864
Total Assets 797 798 836 1,035 1,084 1,255 1,361 1,278 1,330 1,364 1,650 2,258 2,585

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
37 100 132 39 114 161 152 191 286 257 62 362
-27 -39 -87 -43 -107 -255 -38 -77 -117 -183 -226 -474
-6 -60 -55 12 -19 97 -98 -105 -181 -80 160 123
Net Cash Flow 3 1 -10 8 -12 2 16 10 -12 -6 -3 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 74 74 81 108 98 107 135 102 80 72 77 68
Inventory Days 61 71 103 112 97 90 81 53 71 74 71 82
Days Payable 41 68 121 160 131 120 147 88 153 184 140 172
Cash Conversion Cycle 94 77 63 60 64 77 69 67 -1 -39 7 -22
Working Capital Days 77 77 71 75 76 78 65 53 25 11 35 14
ROCE % 17% 7% 11% 19% 21% 23% 27% 19% 20% 19% 23% 22%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.69 64.70
1.78 2.18 2.00 1.84 1.94 2.39 2.92 3.05 3.04 0.00 3.06 2.88
3.62 3.57 3.91 5.66 6.50 7.23 9.13 9.13 9.14 9.13 9.13 9.14
29.89 29.54 29.37 27.79 26.84 25.67 23.23 23.11 23.11 26.15 23.12 23.29

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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