Kanishk Steel

Why is Kanishk Steel Industries Ltd falling/rising?

As of 11-Aug, Kanishk Steel Industries Ltd's stock price is declining at 50.22, down 1.34%. This decline is due to underperformance against the sector, trading below moving averages, and a significant drop in investor participation.

As of 11-Aug, Kanishk Steel Industries Ltd is experiencing a decline in its stock price, currently at 50.22, which reflects a change of -0.68 or -1.34%. This downward movement can be attributed to several factors. <BR><BR>Firstly, the stock has underperformed compared to the sector by -0.49% today, indicating weaker performance relative to its peers. Additionally, Kanishk Steel is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests a bearish trend in the stock's performance.<BR><BR>Moreover, there has been a significant drop in investor participation, with the delivery volume on 10 August falling by -61.95% compared to the 5-day average. This decline in trading activity may indicate a lack of interest or confidence among investors, further contributing to the stock's price drop.<BR><BR>Overall, the combination of underperformance against the sector, trading below moving averages, and decreased investor participation are key factors driving the decline in Kanishk Steel Industries Ltd's stock price.

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

Which are the latest news on Kanishk Steel?

How big is Kanishk Steel?

As of 10th June, Kanishk Steel Industries Ltd has a market capitalization of 153.00 Cr, with recent net sales of 272.61 Cr and a net profit of 4.58 Cr. The company has shareholder's funds of 47.10 Cr and total assets of 157.86 Cr.

As of 10th June, Kanishk Steel Industries Ltd has a market capitalization of 153.00 Cr, classifying it as a Micro Cap company.<BR><BR>In the latest four quarters, Kanishk Steel reported Net Sales of 272.61 Cr and a Net Profit of 4.58 Cr.<BR><BR>For the latest annual period, the company has Shareholder's Funds amounting to 47.10 Cr and Total Assets of 157.86 Cr.

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 oversee 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.

Who are the peers of the Kanishk Steel?

Kanishk Steel's peers include Rudra Global, Incredible Indus, Rathi Steel, Bansal Roofing, National Fitting, Shah Alloys, Maiden Forgings, Kritika Wires, and Pattech Fitwell. Kanishk Steel has a Below Average management risk and a 1-year return of 9.37%, higher than Rudra Global but lower than Bansal Roofing's 10.11%.

Peers: The peers of Kanishk Steel are Rudra Global, Incredible Indus, Rathi Steel, Bansal Roofing, National Fitting, Shah Alloys, Maiden Forgings, Kritika Wires, and Pattech Fitwell.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bansal Roofing, while Average management risk is found at Rudra Global, Rathi Steel, National Fitting, and Shah Alloys, and the rest. Below Average management risk is noted for Incredible Indus, Kanishk Steel, Maiden Forgings, Kritika Wires, and Pattech Fitwell. Growth is rated as Excellent for Pattech Fitwell, Good for Rudra Global, and Average for Rathi Steel, Bansal Roofing, and National Fitting, and the rest. Below Average growth is seen in Incredible Indus, Kanishk Steel, Shah Alloys, Maiden Forgings, and Kritika Wires. Capital Structure is rated as Excellent for National Fitting, Good for Bansal Roofing, and Below Average for Rudra Global, Rathi Steel, Kanishk Steel, Shah Alloys, Maiden Forgings, Kritika Wires, and Pattech Fitwell.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bansal Roofing at 10.11%, while the lowest is Rudra Global at -55.17%. Kanishk Steel's 1-year return is 9.37%, which is significantly higher than Rudra Global's but lower than Bansal Roofing's. Additionally, the six-month return is negative for Rudra Global, Incredible Indus, Rathi Steel, National Fitting, Shah Alloys, Maiden Forgings, and Pattech Fitwell.

What does Kanishk Steel do?

Kanishk Steel Industries Ltd is the largest steel manufacturer in South India, incorporated in 1989, with a market cap of INR 153 Cr and reported net sales of 114 Cr and net profit of 1 Cr for the quarter ending March 2026. The company operates in the Micro Cap market segment within the Iron & Steel Products industry.

Overview:<BR>Kanishk Steel Industries Ltd is the largest steel manufacturer in South India, operating in the Iron & Steel Products industry within the Micro Cap market segment.<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 profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 114 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2026)<BR>- Market-cap: INR 153 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 22.00<BR>- Industry P/E: 26<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.24<BR>- Return on Equity: 6.14%<BR>- Price to Book: 1.37<BR><BR>Contact Details:<BR>Address: B27 (M) SIPCOT Industrial Cmpl, Gummidipoondi Thiruvallur Dist Chennai Tamil Nadu : 601201<BR>Website: http://www.kanishksteels.com

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.