Kalyani Forge Faces Operational Challenges Amid Declining Financial Metrics and Rising Costs

Kalyani Forge, a microcap player in the castings and forgings industry, has recently undergone a financial trend adjustment reflecting its performance in the quarter ending September 2025. The company reported a significant decline in its financial metrics, with profit before tax (PBT) from operations dropping to Rs 1.71 crore, a decrease of over 60%. Additionally, net sales reached a low of Rs 55.67 crore, indicating challenges in revenue generation.
While interest expenses for the past nine months have risen by 35.47% to Rs 6.76 crore, this increase in financial burden has not translated into positive operational outcomes. The company's current stock price stands at Rs 692.15, slightly above its previous close, but it remains well below its 52-week high of Rs 890.

In terms of performance comparison, Kalyani Forge has shown a notable return of 36.92% over the past year, significantly outperforming the Sensex's 9.50% return. Over a longer horizon, the company has delivered impressive returns of 432.83% over five years, compared to the Sensex's 101.63%. However, recent trends indicate that the company must address its operational challenges to sustain its market position.