Kanishk Steel

Market Cap: Micro Cap
Industry: Iron & Steel Products
ISIN: INE791E01018
NSEID:
BSEID: 513456

INR

56.90

1.4 (2.52%)

BSENSE

Dec 19

BSE+NSE Vol: 31.44 k

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    "sid": 241347,
    "name": "Kanishk Steel",
    "stock_name": "Kanishk Steel",
    "full_name": "Kanishk Steel Industries Ltd",
    "name_url": "stocks-analysis/kanishk-steel",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "56.90",
    "chg": 1.4,
    "chgp": "2.52%",
    "dir": 1,
    "prev_price": "55.50",
    "mcapval": "165.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 513456,
    "symbol": "",
    "ind_name": "Iron & Steel Products",
    "ind_code": 23,
    "indexname": "",
    "isin": "INE791E01018",
    "curr_date": "Dec 19",
    "curr_time": "",
    "bse_nse_vol": "31.44 k",
    "exc_status": "Active",
    "traded_date": "Dec 19, 2025",
    "traded_date_str": "2025 12 19",
    "score": "",
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  "news": {
    "results": [
      {
        "title": "Kanishk Steel Industries Hits New 52-Week High at Rs.66",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/kanishk-steel-industries-hits-new-52-week-high-at-rs66-3763548",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/KanishkSteelInd_priceRelatedfactors_3763548.png",
        "date": "2025-12-19 09:44:28",
        "description": "Kanishk Steel Industries has reached a significant milestone by touching a new 52-week high of Rs.66, reflecting strong momentum in the iron and steel products sector amid a broadly positive market environment."
      },
      {
        "title": "Why is Kanishk Steel falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-kanishk-steel-fallingrising-3759015",
        "imagepath": "",
        "date": "2025-12-16 00:31:44",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Strong Price Performance Amid Market Gains</strong></p>\n<p>Kanishk Steel’s stock has demonstrated remarkable resilience and growth over multiple time horizons. In the past week alone, the share price appreciated by 6.50%, significantly outpacing the Sensex’s modest 0.13% gain. Over the year-to-date period, the stock surged by 66.67%, dwarfing the benchmark’s 9.05% increase. Even on a five-year scale, Kanishk Steel’s returns of 456.65% far exceed the Sensex’s 84.19%, underscoring its long-term value creation for shareholders.</p>\n<p>On 15-Dec, the stock hit a new 52-week high of ₹59, reflecting strong buying interest and positive sentiment. The day’s trading saw the stock open with a 2% gap up and reach an intraday high of ₹59, marking a 9.42% rise from the previous close. This price action w..."
      },
      {
        "title": "Kanishk Steel Industries Hits New 52-Week High of Rs.59, Marking Strong Market Momentum",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/kanishk-steel-industries-hits-new-52-week-high-of-rs-59-3758712",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/KanishkSteelInd_priceRelatedfactors_3758712.png",
        "date": "2025-12-15 11:16:56",
        "description": "Kanishk Steel Industries has reached a significant milestone by touching a new 52-week high of Rs.59, reflecting robust momentum in the iron and steel products sector. This achievement comes amid a series of gains that have propelled the stock well above its moving averages, underscoring a period of sustained positive performance."
      },
      {
        "title": "Kanishk Steel Industries Sees Shift in Market Assessment Amid Technical and Financial Developments",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/kanishk-steel-industries-upgraded-to-buy-on-strong-technical-and-financial-performance-3752767",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/KanishkSteelInd_mojoScore_3752767.png",
        "date": "2025-12-09 08:10:49",
        "description": "Kanishk Steel Industries, a key player in the Iron & Steel Products sector, has experienced a notable revision in its market evaluation, reflecting changes across technical indicators, valuation metrics, financial trends, and overall quality assessment. This article analyses the factors influencing the recent shift in market perspective, highlighting the company’s performance relative to its peers and broader market benchmarks."
      },
      {
        "title": "Kanishk Steel Sees Revision in Market Evaluation Amid Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/kanishk-steel-downgraded-to-hold-by-marketsmojo-amid-mixed-financial-signals-3748092",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/KanishkSteel_mojoScore_3748092.png",
        "date": "2025-12-05 10:11:01",
        "description": "Kanishk Steel's market evaluation has undergone a revision reflecting a nuanced view of its financial and technical standing. The recent assessment highlights a blend of positive momentum and underlying challenges within the iron and steel products sector, prompting a recalibration of the stock's market perception."
      },
      {
        "title": "How has been the historical performance of Kanishk Steel?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-kanishk-steel-3739167",
        "imagepath": "",
        "date": "2025-12-01 23:00:32",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Revenue and Operating Performance</strong></p>\n<p>In the fiscal year ending March 2016, Kanishk Steel reported net sales of ₹272.61 crores, down from ₹303.80 crores in the previous year. This decline in sales was accompanied by a reduction in total operating income, which mirrored the sales trend as there was no other operating income recorded in either year. The company’s raw material costs increased to ₹120.48 crores from ₹102.04 crores, while purchases of finished goods decreased significantly from ₹152.90 crores to ₹110.44 crores. Manufacturing expenses also saw a reduction, falling from ₹42.62 crores to ₹37.48 crores, reflecting some cost control efforts.</p>\n<p>Despite these adjustments, the total expenditure excluding depreciation remained high at ₹271.90 crores in 2016, only marginal..."
      },
      {
        "title": "Is Kanishk Steel overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-kanishk-steel-overvalued-or-undervalued-3734483",
        "imagepath": "",
        "date": "2025-11-28 08:08:35",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Valuation Metrics Indicate Attractiveness</strong></p>\n<p>Kanishk Steel’s current price-to-earnings (PE) ratio stands at 13.86, which is notably lower than several major competitors in the iron and steel sector. For instance, JSW Steel trades at a PE of over 46, while Tata Steel’s PE is above 28. This relatively modest PE suggests that the market is pricing Kanishk Steel’s earnings conservatively, potentially leaving room for upside.</p>\n<p>The price-to-book (P/B) value of 1.40 further supports this view, indicating that the stock is trading close to its net asset value, which is often considered a reasonable benchmark for valuation in capital-intensive industries like steel manufacturing.</p>\n<p>Enterprise value multiples such as EV to EBITDA at 15.33 and EV to EBIT at 18.78 are somewhat el..."
      },
      {
        "title": "Kanishk Steel Industries Hits New 52-Week High at Rs.57.99",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/kanishk-steel-industries-hits-new-52-week-high-at-rs5799-3732995",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/KanishkSteelInd_priceRelatedfactors_3732995.png",
        "date": "2025-11-27 09:49:06",
        "description": "Kanishk Steel Industries has reached a significant milestone by touching a new 52-week high of Rs.57.99, reflecting sustained momentum in the iron and steel products sector. This achievement underscores the stock’s robust performance amid a broadly positive market environment."
      },
      {
        "title": "Kanishk Steel Industries Hits New 52-Week High at Rs.57.99",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/kanishk-steel-industries-hits-new-52-week-high-at-rs5799-3732994",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/KanishkSteelInd_priceRelatedfactors_3732994.png",
        "date": "2025-11-27 09:48:45",
        "description": "Kanishk Steel Industries has reached a significant milestone by touching a new 52-week high of Rs.57.99, reflecting sustained momentum in the iron and steel products sector. This achievement underscores the stock’s robust performance amid a broadly positive market environment."
      }
    ],
    "total": 153,
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  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "13-Nov-2025",
      "details": "Newspaper publications- Unaudited financial results for the quarter and half year ended 30.09.2025",
      "source": "BSE"
    },
    {
      "caption": "Results - Financial Results For Sep 30 2025",
      "datetime": "12-Nov-2025",
      "details": "The Board of Directors at its Meeting held on 12 November 2025 considered and approved the unaudited financial results for the quarter and half-year ended 30 September 2025. The financial results together with the necessary annexures are submitted.",
      "source": "BSE"
    },
    {
      "caption": "Disclosure Of Related Party Transactions For The Half Year Ended September 30 2025",
      "datetime": "12-Nov-2025",
      "details": "Pursuant to Regulation 23(9) of the SEBI (LODR) Regulations 2015 the details of the Related Party Transactions for the half year ended September 30 2025 is submitted.",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Kanishk Steel Industries Ltd has declared <strong>6%</strong> dividend, ex-date: 18 Sep 08",
          "dt": "2008-09-18",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
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}

News and Views

Kanishk Steel Industries Hits New 52-Week High at Rs.66

2025-12-19 09:44:28

Kanishk Steel Industries has reached a significant milestone by touching a new 52-week high of Rs.66, reflecting strong momentum in the iron and steel products sector amid a broadly positive market environment.

Why is Kanishk Steel falling/rising?

2025-12-16 00:31:44

Strong Price Performance Amid Market Gains

Kanishk Steel’s stock has demonstrated remarkable resilience and growth over multiple time horizons. In the past week alone, the share price appreciated by 6.50%, significantly outpacing the Sensex’s modest 0.13% gain. Over the year-to-date period, the stock surged by 66.67%, dwarfing the benchmark’s 9.05% increase. Even on a five-year scale, Kanishk Steel’s returns of 456.65% far exceed the Sensex’s 84.19%, underscoring its long-term value creation for shareholders.

On 15-Dec, the stock hit a new 52-week high of ₹59, reflecting strong buying interest and positive sentiment. The day’s trading saw the stock open with a 2% gap up and reach an intraday high of ₹59, marking a 9.42% rise from the previous close. This price action w...

Kanishk Steel Industries Hits New 52-Week High of Rs.59, Marking Strong Market Momentum

2025-12-15 11:16:56

Kanishk Steel Industries has reached a significant milestone by touching a new 52-week high of Rs.59, reflecting robust momentum in the iron and steel products sector. This achievement comes amid a series of gains that have propelled the stock well above its moving averages, underscoring a period of sustained positive performance.

Kanishk Steel Industries Sees Shift in Market Assessment Amid Technical and Financial Developments

2025-12-09 08:10:49

Kanishk Steel Industries, a key player in the Iron & Steel Products sector, has experienced a notable revision in its market evaluation, reflecting changes across technical indicators, valuation metrics, financial trends, and overall quality assessment. This article analyses the factors influencing the recent shift in market perspective, highlighting the company’s performance relative to its peers and broader market benchmarks.

Kanishk Steel Sees Revision in Market Evaluation Amid Mixed Financial Signals

2025-12-05 10:11:01

Kanishk Steel's market evaluation has undergone a revision reflecting a nuanced view of its financial and technical standing. The recent assessment highlights a blend of positive momentum and underlying challenges within the iron and steel products sector, prompting a recalibration of the stock's market perception.

How has been the historical performance of Kanishk Steel?

2025-12-01 23:00:32

Revenue and Operating Performance

In the fiscal year ending March 2016, Kanishk Steel reported net sales of ₹272.61 crores, down from ₹303.80 crores in the previous year. This decline in sales was accompanied by a reduction in total operating income, which mirrored the sales trend as there was no other operating income recorded in either year. The company’s raw material costs increased to ₹120.48 crores from ₹102.04 crores, while purchases of finished goods decreased significantly from ₹152.90 crores to ₹110.44 crores. Manufacturing expenses also saw a reduction, falling from ₹42.62 crores to ₹37.48 crores, reflecting some cost control efforts.

Despite these adjustments, the total expenditure excluding depreciation remained high at ₹271.90 crores in 2016, only marginal...

Is Kanishk Steel overvalued or undervalued?

2025-11-28 08:08:35

Valuation Metrics Indicate Attractiveness

Kanishk Steel’s current price-to-earnings (PE) ratio stands at 13.86, which is notably lower than several major competitors in the iron and steel sector. For instance, JSW Steel trades at a PE of over 46, while Tata Steel’s PE is above 28. This relatively modest PE suggests that the market is pricing Kanishk Steel’s earnings conservatively, potentially leaving room for upside.

The price-to-book (P/B) value of 1.40 further supports this view, indicating that the stock is trading close to its net asset value, which is often considered a reasonable benchmark for valuation in capital-intensive industries like steel manufacturing.

Enterprise value multiples such as EV to EBITDA at 15.33 and EV to EBIT at 18.78 are somewhat el...

Kanishk Steel Industries Hits New 52-Week High at Rs.57.99

2025-11-27 09:49:06

Kanishk Steel Industries has reached a significant milestone by touching a new 52-week high of Rs.57.99, reflecting sustained momentum in the iron and steel products sector. This achievement underscores the stock’s robust performance amid a broadly positive market environment.

Kanishk Steel Industries Hits New 52-Week High at Rs.57.99

2025-11-27 09:48:45

View All News

Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication

13-Nov-2025 | Source : BSE

Newspaper publications- Unaudited financial results for the quarter and half year ended 30.09.2025

Results - Financial Results For Sep 30 2025

12-Nov-2025 | Source : BSE

The Board of Directors at its Meeting held on 12 November 2025 considered and approved the unaudited financial results for the quarter and half-year ended 30 September 2025. The financial results together with the necessary annexures are submitted.

Disclosure Of Related Party Transactions For The Half Year Ended September 30 2025

12-Nov-2025 | Source : BSE

Pursuant to Regulation 23(9) of the SEBI (LODR) Regulations 2015 the details of the Related Party Transactions for the half year ended September 30 2025 is submitted.