Kalyani Forge

Why is Kalyani Forge Ltd falling/rising?

As of 18-Jul, Kalyani Forge Ltd's stock price is at 607.45, down 1.13% and has underperformed its sector. The company faces financial stability concerns with a negative annual return of 18.57% and a low EBIT to Interest ratio of 1.74.

As of 18-Jul, Kalyani Forge Ltd's stock price is falling, currently at 607.45, reflecting a decrease of 6.95 (-1.13%). The stock has underperformed its sector by 3.63% today and has been on a consecutive decline for the last two days, with a total drop of 3.54% during this period. Additionally, the stock reached an intraday low of Rs 581, marking a significant decline of 5.44%.<BR><BR>In terms of performance relative to the market, Kalyani Forge Ltd has shown a negative return of 18.57% over the past year, which is considerably worse than the broader market's decline of only 4.99%. The company's ability to service its debt is also a concern, as indicated by a poor EBIT to Interest ratio of 1.74, suggesting weak financial health. Furthermore, the company's net sales growth has been modest at an annual rate of 5.35% over the last five years, which contributes to the perception of poor long-term growth prospects.<BR><BR>Despite some positive factors, such as healthy long-term growth in operating profit and a recent declaration of positive quarterly results, the overall sentiment remains negative due to the stock's significant underperformance and concerns regarding its financial stability.

Which are the latest news on Kalyani Forge?

Should I buy, sell or hold Kalyani Forge Ltd?

How big is Kalyani Forge?

As of 10th June, Kalyani Forge Ltd has a market capitalization of 221.00 Cr, with recent net sales of 234.64 Cr and a net profit of 9.32 Cr.

As of 10th June, Kalyani Forge Ltd has a market capitalization of 221.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, Kalyani Forge reported Net Sales of 234.64 Cr and a Net Profit of 9.32 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 89.69 Cr and Total Assets of 228.41 Cr.

Who are in the management team of Kalyani Forge?

The management team of Kalyani Forge includes Chairperson Rohini Gaurishankar Kalyani, CEO Viraj Gaurishankar Kalyani, and Independent Non-Executive Directors Pradip P Nadkarni, Abhijit Sen, and Adit Madhusudan Rathi, who collectively guide the company's strategic direction.

The management team of Kalyani Forge includes the following key members:<BR><BR>1. **Rohini Gaurishankar Kalyani** - Chairperson and Executive Director<BR>2. **Viraj Gaurishankar Kalyani** - Executive Director and CEO<BR>3. **Pradip P Nadkarni** - Independent Non-Executive Director<BR>4. **Abhijit Sen** - Independent Non-Executive Director<BR>5. **Adit Madhusudan Rathi** - Independent Non-Executive Director<BR><BR>These individuals play significant roles in guiding the company's strategic direction and governance.

Who are the peers of the Kalyani Forge?

Kalyani Forge's peers include Inv.& Prec.Cast., Magna Electrocas, Nitin Castings, Gujarat Intrux, Krishanveer Forg, Samrat Forgings, Tirupati Forge, and ANB Metal. Kalyani Forge has average management risk and growth, with a 1-year return of -17.16%, the lowest among its peers.

Peers: The peers of Kalyani Forge are Inv.& Prec.Cast., Magna Electrocas, Nitin Castings, Gujarat Intrux, Krishanveer Forg, Samrat Forgings, Tirupati Forge, and ANB Metal.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gujarat Intrux and Krishanveer Forg, while Average management risk is found at Inv.& Prec.Cast., Magna Electrocas, Nitin Castings, Kalyani Forge, Samrat Forgings, and Tirupati Forge, and the rest. Good growth is seen at Magna Electrocas, Kalyani Forge, and Tirupati Forge, while Average growth is found at Inv.& Prec.Cast., Nitin Castings, Gujarat Intrux, and the rest. Below Average growth is noted at Krishanveer Forg and Samrat Forgings. Capital Structure is Excellent for Magna Electrocas, Nitin Castings, Gujarat Intrux, and Krishanveer Forg, while Below Average is seen at Kalyani Forge and Samrat Forgings, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Krishanveer Forg at 36.29%, while Kalyani Forge has the lowest at -17.16%. Kalyani Forge's 1-year return is significantly lower than the highest peer. Additionally, peers with negative six-month returns include Kalyani Forge, Gujarat Intrux, Krishanveer Forg, and Samrat Forgings.

What does Kalyani Forge do?

Kalyani Forge Ltd specializes in engineering and manufacturing forged components in the Castings & Forgings industry. As of March 2026, it reported net sales of ₹57 Cr and a net profit of ₹6 Cr, with a market cap of ₹221 Cr.

Overview: <BR>Kalyani Forge Ltd is engaged in the engineering and manufacturing of various forged components within the Castings & Forgings industry and operates as a Micro Cap company.<BR><BR>History: <BR>Kalyani Forge Limited was incorporated as Ellora Engineering Co. Pvt. Ltd. on 29 January 1979 and commenced commercial production in 1981. The company changed its name to Kalyani Forge Limited in 1992. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 57 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 6 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 221 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 23.00 <BR>Industry P/E: 46 <BR>Dividend Yield: 0.68% <BR>Debt-Equity: 1.08 <BR>Return on Equity: 9.76% <BR>Price to Book: 2.25<BR><BR>Contact Details: <BR>Address: Shangrila Gardens 1st Floor, C Wing Opp Bund Garden Pune Maharashtra : 411001 <BR>Tel: 91-2137-252335/252755 <BR>Email: investors@kforge.com <BR>Website: http://www.kalyaniforge.co.in

Are Kalyani Forge Ltd latest results good or bad?

Kalyani Forge Ltd's latest results show a significant profit increase to ₹5.88 crore, up from a loss last year, indicating improved cost management. However, revenue declined by 3.34%, and reliance on non-operating income raises concerns about the sustainability of this profit growth.

Kalyani Forge Ltd's latest results present a mixed picture. On one hand, the company reported a significant year-on-year increase in net profit, rising to ₹5.88 crore from a loss of ₹0.12 crore in the previous quarter, which reflects a remarkable growth of 163.68%. This improvement indicates better cost management and operational efficiency.<BR><BR>However, the revenue for the quarter declined by 3.34% year-on-year, dropping to ₹56.98 crore. This revenue contraction, along with a decrease in operating margins from the previous quarter, suggests that the company is facing underlying operational challenges, particularly in the castings and forgings sector. The operating margin improved slightly to 11.83% compared to 10.79% last year, but it has decreased from 15.14% in the prior quarter, indicating volatility in profitability.<BR><BR>Additionally, a concerning aspect is that a significant portion of the profit recovery was driven by a surge in non-operating income, which accounted for 37.03% of profit before tax. This raises questions about the sustainability of the earnings growth.<BR><BR>Overall, while there are positive signs in terms of profit recovery, the decline in revenue and reliance on non-operating income point to potential challenges ahead. Investors may need to weigh these factors carefully when assessing the company's performance.

When is the next results date for Kalyani Forge Ltd?

The next results date for Kalyani Forge Ltd is 25 May 2026.

The next results date for Kalyani Forge Ltd is scheduled for 25 May 2026.

Is Kalyani Forge overvalued or undervalued?

As of November 14, 2025, Kalyani Forge is considered undervalued with an attractive valuation grade, featuring a PE ratio of 33.56, outperforming peers like Bharat Forge and Sona BLW Precision, and achieving a 38.61% return over the past year compared to the Sensex's 9.00%.

As of 14 November 2025, Kalyani Forge's valuation grade has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 33.56, an EV to EBITDA of 13.77, and a ROCE of 9.10%. <BR><BR>When compared to peers, Kalyani Forge's PE ratio is significantly lower than Bharat Forge's 61.68 and Sona BLW Precision's 48.16, which are categorized as overvalued. Additionally, CIE Automotive, which is also rated attractive, has a much lower PE ratio of 20.34, further supporting Kalyani Forge's favorable valuation. Notably, Kalyani Forge has outperformed the Sensex over the past year with a return of 38.61% compared to the Sensex's 9.00%, reinforcing its attractiveness as an investment.

How has been the historical performance of Kalyani Forge?

Kalyani Forge has shown fluctuating historical performance, with a decline in net sales from 286.35 Cr in Mar'19 to 236.64 Cr in Mar'25, but a notable recovery in profitability, including an operating profit increase to 26.51 Cr and profit after tax rising to 8.31 Cr in Mar'25. Overall, the company has improved its operational efficiency and financial stability in recent periods.

Answer:<BR>The historical performance of Kalyani Forge shows a fluctuating trend in net sales and profitability over the years, with a notable recovery in recent periods.<BR><BR>Breakdown:<BR>Kalyani Forge's net sales have seen a decline from 286.35 Cr in Mar'19 to 236.64 Cr in Mar'25, with a slight increase in Mar'24 compared to Mar'23. The total operating income followed a similar trend, peaking at 265.84 Cr in Mar'23 before dropping to 236.64 Cr in Mar'25. Raw material costs increased significantly to 117.76 Cr in Mar'25 from 102.05 Cr in Mar'24, while total expenditure decreased to 212.64 Cr in Mar'25 from 222.93 Cr in Mar'24. Operating profit, however, improved to 26.51 Cr in Mar'25 from 17.74 Cr in Mar'24, indicating better cost management. Profit before tax also rose to 11.60 Cr in Mar'25, up from 5.62 Cr in Mar'24, and profit after tax reached 8.31 Cr, a significant recovery from a loss of 0.18 Cr in Mar'23. The earnings per share (EPS) increased to 22.83 in Mar'25 from 12.50 in Mar'24, reflecting improved profitability. On the balance sheet, total liabilities rose to 228.41 Cr in Mar'25 from 201.18 Cr in Mar'24, while total assets also increased to 228.41 Cr, indicating a stable financial position. Cash flow from operating activities improved to 21.00 Cr in Mar'25 from 10.00 Cr in Mar'24, showcasing enhanced operational efficiency. Overall, Kalyani Forge has demonstrated a recovery in profitability and operational performance in the latest fiscal year.

Who are the top shareholders of the Kalyani Forge?

The top shareholders of Kalyani Forge include Kalyani Consultants Pvt. Ltd. with 10.37%, Bf Investment Limited with 15.66%, and individual investors holding about 19.0%. There are no pledged promoter holdings, and the company has no mutual fund or foreign institutional investor holdings.

The top shareholders of Kalyani Forge include Kalyani Consultants Pvt. Ltd., which holds the highest promoter stake at 10.37%. The largest public shareholder is Bf Investment Limited, with a holding of 15.66%. Additionally, individual investors collectively own about 19.0% of the company. Notably, there are no pledged promoter holdings, and the company does not have any mutual fund or foreign institutional investor (FII) holdings.

What is the technical trend for Kalyani Forge?

As of June 2, 2025, Kalyani Forge's technical trend is mildly bullish, supported by a bullish MACD and moving averages, though mixed signals from the KST and Dow Theory suggest caution.

As of 2 June 2025, the technical trend for Kalyani Forge has changed from bullish to mildly bullish. The weekly MACD remains bullish, supporting a positive outlook, while the daily moving averages also indicate a bullish stance. However, the weekly KST is bullish but the monthly version is mildly bearish, suggesting some caution. The Dow Theory shows a mildly bearish trend on the weekly chart, which adds to the mixed signals. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, indicating potential upward movement. Overall, the current stance is mildly bullish with some strength, but the mixed indicators suggest monitoring for any shifts in momentum.

Has Kalyani Forge declared dividend?

Kalyani Forge Ltd has declared a 30% dividend, amounting to ₹3 per share, with an ex-date of September 20, 2024. The company has shown strong total returns across various periods, with a modest dividend yield of 0.42%.

Kalyani Forge Ltd has declared a 30% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 30%<BR>- Amount per share: 3 per share<BR>- Ex-date: 20 Sep 24<BR><BR>Dividend Yield: 0.42%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, Kalyani Forge Ltd achieved a price return of 16.65%, with no dividend return, resulting in a total return of 16.65%.<BR><BR>Over the past year, the company recorded a price return of 62.67% and a dividend return of 0.71%, culminating in a total return of 63.38%.<BR><BR>In the 2-year period, Kalyani Forge Ltd experienced a price return of 200.11% alongside a dividend return of 2.51%, leading to a total return of 202.62%.<BR><BR>For the 3-year period, the price return was 284.53% with a dividend return of 4.85%, resulting in a total return of 289.38%.<BR><BR>In the last 4 years, the company saw a price return of 234.12% and a dividend return of 5.12%, giving a total return of 239.24%.<BR><BR>Finally, over the 5-year span, Kalyani Forge Ltd achieved a price return of 413.27% and a dividend return of 8.59%, resulting in a total return of 421.86%.<BR><BR>Overall, Kalyani Forge Ltd has declared a dividend while also demonstrating strong total returns across various periods, indicating a positive financial performance. The dividend yield, although modest, reflects the company's commitment to returning value to its shareholders.