Kanishk Steel

Which are the latest news on Kanishk Steel?

Why is Kanishk Steel Industries Ltd falling/rising?

As of 05-Sep, Kanishk Steel Industries Ltd is experiencing a significant decline in its stock price, currently at 44.04, reflecting a year-to-date drop of -23.15% and a lack of investor confidence, as indicated by decreased trading volume and underperformance compared to market indices.

As of 05-Sep, Kanishk Steel Industries Ltd is experiencing a decline in its stock price, currently at 44.04, which reflects a change of -1.74 or -3.8%. This downward movement can be attributed to several factors. Over the past week, the stock has underperformed significantly, with a decline of -6.79%, compared to a minor decrease of -0.97% in the Sensex. The one-month performance shows a more substantial drop of -13.95%, while the year-to-date decline stands at -23.15%, indicating a consistent trend of falling prices.<BR><BR>Today's trading session has also seen the stock touch an intraday low of Rs 43.7, marking a decrease of -4.54%. The weighted average price indicates that more volume was traded closer to this low price, suggesting a lack of buying interest at higher levels. Furthermore, Kanishk Steel is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically signals a bearish trend. <BR><BR>Additionally, there has been a notable drop in investor participation, with delivery volume on September 3 falling by -63.97% compared to the 5-day average. This decline in trading activity further supports the notion that investor confidence is waning. Overall, these factors collectively contribute to the stock's current downward trajectory.

Who are in the management team of Kanishk Steel?

The management team of Kanishk Steel includes Vishal Keyal (Chairman & Managing Director), Ashok Bohra (Whole Time Director & CFO), and several independent directors: Pravin Kumar Aggarwal, R Ramesh, and Sheril Theodore, along with Seshadari M Nagarajan (Director) and Hena Singh (Company Secretary & Compliance Officer). They are responsible for the company's operations and strategic direction.

The management team of Kanishk Steel includes the following individuals:<BR><BR>1. **Vishal Keyal** - Chairman & Managing Director<BR>2. **Ashok Bohra** - Whole Time Director & CFO<BR>3. **Pravin Kumar Aggarwal** - Non-Executive & Independent Director<BR>4. **R Ramesh** - Non-Executive & Independent Director<BR>5. **Sheril Theodore** - Non-Executive & Independent Director<BR>6. **Seshadari M Nagarajan** - Director<BR>7. **Hena Singh** - Company Secretary & Compliance Officer<BR><BR>This team plays a crucial role in overseeing the company's operations and strategic direction.

What does Kanishk Steel do?

Kanishk Steel Industries Ltd is the largest steel manufacturer in South India, incorporated in 1989, with recent net sales of 87 Cr and a net profit of 1 Cr as of June 2026. It operates as a micro-cap company with a market cap of INR 137 Cr.

Overview:<BR>Kanishk Steel Industries Ltd is the largest steel manufacturer in South India, operating within the Iron & Steel Products industry and classified as a micro-cap company.<BR><BR>History:<BR>Kanishk Steel Industries Ltd was incorporated in 1989 and has maintained its status as a leading manufacturer in the steel sector. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 87 Cr (Quarterly Results - Jun 2026)<BR>- Most recent Net Profit: 1 Cr (Quarterly Results - Jun 2026)<BR>- Market-cap value: INR 137 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 19.00<BR>- Industry P/E: 25<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.24<BR>- Return on Equity: 6.18%<BR>- Price to Book: 1.21<BR><BR>Contact Details:<BR>Address: B27 (M) SIPCOT Industrial Cmpl, Gummidipoondi Thiruvallur Dist Chennai Tamil Nadu : 601201<BR>Website: http://www.kanishksteels.com

Who are the peers of the Kanishk Steel?

Kanishk Steel's peers include Sh. Bajrang All., Maiden Forgings, Incredible Indus, Garg Furnace, Sarthak Metals, Kritika Wires, Surani Steel Tub, Pattech Fitwell, and Excellent Wires. Maiden Forgings has the highest 1-year return at 38.15%, while Sarthak Metals has the lowest at -38.05%, with Kanishk Steel's return at -0.43%.

Peers: The peers of Kanishk Steel are Sh. Bajrang All., Maiden Forgings, Incredible Indus, Garg Furnace, Sarthak Metals, Kritika Wires, Surani Steel Tub, Pattech Fitwell, and Excellent Wires.<BR><BR>Quality Snapshot: Good management risk is observed at Garg Furnace, while Average management risk is found at Sarthak Metals, and the rest have Below Average management risk. Good growth is noted at Garg Furnace and Excellent Wires, while Average growth is found at Incredible Indus, and the rest have Below Average growth. Excellent capital structure is observed at Sarthak Metals, while Good capital structure is noted at Garg Furnace and Excellent Wires, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Maiden Forgings at 38.15%, while the peer with the lowest is Sarthak Metals at -38.05%. Kanishk Steel's own 1-year return is -0.43%, which is better than Sarthak Metals but worse than Maiden Forgings. Additionally, Garg Furnace, Sarthak Metals, and Incredible Indus have negative six-month returns.

How big is Kanishk Steel?

As of 31st August, Kanishk Steel Industries Ltd has a market capitalization of 137.00 Cr, classifying it as a Micro Cap company, with recent net sales of 272.61 Cr and a net profit of 4.58 Cr. The company reported shareholder's funds of 47.10 Cr and total assets of 157.86 Cr.

As of 31st August, Kanishk Steel Industries Ltd has a market capitalization of 137.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>For the latest 4 quarters, Kanishk Steel reported Net Sales of 272.61 Cr and a Net Profit of 4.58 Cr.<BR><BR>In the latest annual period, the company had Shareholder's Funds of 47.10 Cr and Total Assets amounting to 157.86 Cr.

Should I buy, sell or hold Kanishk Steel Industries Ltd?

When is the next results date for Kanishk Steel Industries Ltd?

The next results date for Kanishk Steel Industries Ltd is 27 May 2026.

The next results date for Kanishk Steel Industries Ltd is scheduled for 27 May 2026.

Are Kanishk Steel Industries Ltd latest results good or bad?

Kanishk Steel Industries Ltd's latest results show strong revenue growth of 38.15% to ₹77.35 crores, but the company reported a net loss of ₹0.18 crores and declining operating margins, indicating significant operational challenges. Investors should be cautious due to these underlying weaknesses.

Kanishk Steel Industries Ltd's latest results present a mixed picture. On one hand, the company experienced a notable revenue growth of 38.15% quarter-on-quarter, reaching ₹77.35 crores. However, this positive top-line performance contrasts sharply with its bottom-line results, as the company reported a net loss of ₹0.18 crores for the quarter, compared to a profit of ₹0.34 crores in the same quarter last year.<BR><BR>The operating margin has also taken a hit, falling to -2.41%, down from a positive 4.14% a year ago, indicating significant operational challenges. The company’s reliance on non-operating income has become increasingly concerning, as it masked the underlying operational losses. <BR><BR>Overall, while the revenue growth is a positive sign, the operational losses and declining margins suggest that the company's financial health is under pressure. Investors should approach the situation with caution, as the results indicate fundamental weaknesses that need to be addressed for a sustainable recovery.

How has been the historical performance of Kanishk Steel?

Kanishk Steel's historical performance from March 2015 to March 2016 showed a decline in net sales and total operating income, but improved profitability with a profit after tax of 4.73 crore, up from a loss the previous year. Despite challenges in sales and negative cash flow from operating activities, the company reported increased operating profit and earnings per share.

Answer:<BR>The historical performance of Kanishk Steel shows a mixed trend in financial metrics from March 2015 to March 2016.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2016, Kanishk Steel reported net sales of 272.61 crore, a decline from 303.80 crore in the previous year. The total operating income mirrored this trend, remaining at 272.61 crore compared to 303.80 crore in March 2015. The company's total expenditure decreased from 297.27 crore to 271.90 crore, primarily due to a reduction in the purchase of finished goods and manufacturing expenses. Operating profit (PBDIT) increased from 7.89 crore to 11.23 crore, driven by a rise in other income from 1.36 crore to 10.52 crore. Profit before tax rose significantly from 1.41 crore to 6.12 crore, leading to a profit after tax of 4.73 crore, a turnaround from a loss of 0.26 crore the previous year. The earnings per share improved from -0.23 to 1.76, indicating a positive shift in profitability. On the balance sheet, total liabilities increased from 142.78 crore to 157.86 crore, while total assets also rose from 142.78 crore to 157.86 crore. Cash flow from operating activities turned negative at -11.67 crore compared to a positive 12.86 crore in the prior year, although net cash inflow was positive at 1.61 crore, up from a net outflow of 1.58 crore. Overall, Kanishk Steel demonstrated improved profitability metrics despite challenges in sales and cash flow.

Is Kanishk Steel overvalued or undervalued?

As of November 27, 2025, Kanishk Steel is considered undervalued with an attractive valuation grade, featuring a PE ratio of 13.86, a PEG ratio of 0.00, and a year-to-date return of 53.57%, significantly outperforming its peers and the Sensex.

As of 27 November 2025, Kanishk Steel's valuation grade has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued, especially when compared to its peers. Key ratios include a PE ratio of 13.86, an EV to EBITDA of 15.33, and a ROE of 10.09%. <BR><BR>In comparison to its peers, Kanishk Steel's PE ratio is significantly lower than JSW Steel's 46.27 and Jindal Steel's 26.72, suggesting that Kanishk is trading at a more favorable valuation. Additionally, Kanishk's PEG ratio of 0.00 stands out, indicating potential for growth at a low price relative to earnings growth. Notably, Kanishk Steel has outperformed the Sensex with a year-to-date return of 53.57% compared to the Sensex's 9.70%, reinforcing its attractive valuation narrative.

What is the technical trend for Kanishk Steel?

As of June 5, 2025, Kanishk Steel's technical trend is bullish, supported by positive MACD and Bollinger Bands indicators, despite a mildly bearish signal from Dow Theory on the weekly chart.

As of 5 June 2025, the technical trend for Kanishk Steel has changed from mildly bullish to bullish. The weekly and monthly MACD indicators are both bullish, supporting the upward momentum. Bollinger Bands also indicate a bullish stance on both time frames. Daily moving averages are bullish, reinforcing the positive trend. However, the Dow Theory shows a mildly bearish signal on the weekly chart, while the monthly chart indicates no trend. The KST is bullish on both weekly and monthly time frames. Overall, the current technical stance is bullish with strong indicators, particularly from MACD and Bollinger Bands.

Who are the top shareholders of the Kanishk Steel?

The top shareholders of Kanishk Steel include Rajesh Kumar Gupta with 19.37%, Chennai Material Recycling And Trading Company Private Ltd at 8.76%, and individual investors holding 13.45%. There are no pledged promoter holdings, and the company has no mutual funds or foreign institutional investors.

The top shareholders of Kanishk Steel include the promoters, with Rajesh Kumar Gupta holding the highest stake at 19.37%. The highest public shareholder is Chennai Material Recycling And Trading Company Private Ltd, which holds 8.76%. Additionally, individual investors collectively own 13.45% of the company. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares.

Has Kanishk Steel declared dividend?

Kanishk Steel Industries Ltd has declared a 6% dividend, amounting to 0.6 per share, with an ex-date of September 18, 2008. However, the current dividend yield is 0%, and total returns over various periods have shown significant price appreciation without any recent dividend returns.

Kanishk Steel Industries Ltd has declared a 6% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 6%<BR>- Amount per share: 0.6<BR>- Ex-date: 18 Sep 08<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 14.86%, with no dividend return, resulting in a total return of 14.86%.<BR><BR>Over the past year, the price return was 35.58%, with no dividend return, leading to a total return of 35.58%.<BR><BR>In the last 2 years, the price return was 74.24%, with no dividend return, resulting in a total return of 74.24%.<BR><BR>For the 3-year period, the price return was -4.73%, with no dividend return, leading to a total return of -4.73%.<BR><BR>In the last 4 years, the price return was 193.59%, with no dividend return, resulting in a total return of 193.59%.<BR><BR>Over the past 5 years, the price return was 322.97%, with no dividend return, leading to a total return of 322.97%.<BR><BR>Overall, Kanishk Steel has declared a dividend, but the dividend yield is currently 0%. The total returns over various periods show significant price appreciation, particularly over the longer term, despite the absence of dividends in recent years.