Kanishk Steel

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

INR

52.90

1.81 (3.54%)

BSENSE

Dec 05

BSE+NSE Vol: 9.74 k

{
  "main_header": {
    "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": "52.90",
    "chg": 1.81,
    "chgp": "3.54%",
    "dir": 1,
    "prev_price": "51.09",
    "mcapval": "153.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 513456,
    "symbol": "",
    "ind_name": "Iron & Steel Products",
    "ind_code": 23,
    "indexname": "",
    "isin": "INE791E01018",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "9.74 k",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 1,
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  "news": {
    "results": [
      {
        "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."
      },
      {
        "title": "Why is Kanishk Steel falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-kanishk-steel-fallingrising-3732048",
        "imagepath": "",
        "date": "2025-11-27 00:25:39",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Robust Price Movement and Market Outperformance</strong></p>\n<p>Kanishk Steel opened the day with a significant gap up of 8.88%, signalling strong buying interest from the outset. The stock reached an intraday high of ₹56.40, marking an 8.88% increase from the previous close, before retreating slightly to close at ₹54.35. Despite this volatility, the stock outperformed its sector, which itself gained 2.61%, by a margin of 2.31%. This relative strength highlights Kanishk Steel’s appeal compared to its peers in the Steel, Sponge Iron, and Pig Iron segment.</p>\n<p>The trading range for the day was wide, spanning ₹5.86, reflecting heightened volatility with an intraday volatility measure of 5.48%. Such fluctuations indicate active trading and investor interest, although the weighted average pric..."
      },
      {
        "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-3713108",
        "imagepath": "",
        "date": "2025-11-18 22:55:45",
        "description": "Answer:\nThe historical performance of Kanishk Steel shows a mixed trend over the fiscal years ending March 2015 and March 2016.\n\nBreakdown:\nIn the fiscal year ending March 2016, Kanishk Steel reported net sales of 272.61 Cr, a decline from 303.80 Cr in the previous year. The total operating income mirrored this trend, remaining at 272.61 Cr compared to 303.80 Cr in March 2015. The raw material costs increased to 120.48 Cr from 102.04 Cr, while the purchase of finished goods decreased significantly from 152.90 Cr to 110.44 Cr. Total expenditure, excluding depreciation, fell to 271.90 Cr from 297.27 Cr, leading to an operating profit (PBDIT) of 11.23 Cr, up from 7.89 Cr. Profit before tax improved to 6.12 Cr from 1.41 Cr, resulting in a profit after tax of 4.73 Cr, a notable recovery from a loss of 0.26 Cr the previous year. The earnings per share (EPS) also reflected this positive shift, rising to 1.76 from ..."
      },
      {
        "title": "Is Kanishk Steel overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-kanishk-steel-overvalued-or-undervalued-3705865",
        "imagepath": "",
        "date": "2025-11-17 08:07:22",
        "description": "As of 14 November 2025, Kanishk Steel's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 14.88, an EV to EBITDA of 16.31, and a ROE of 10.09%. \n\nIn comparison with peers, Kanishk Steel's PE ratio is significantly lower than that of JSW Steel, which stands at 46.61, and Tata Steel, which is rated attractive with a PE of 29.2. This suggests that Kanishk Steel may be undervalued relative to its peers, despite its current fair valuation. Additionally, Kanishk Steel has outperformed the Sensex in various time frames, including a year-to-date return of 64.84% compared to the Sensex's 8.22%, reinforcing the notion that the stock may have room for growth...."
      },
      {
        "title": "Is Kanishk Steel overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-kanishk-steel-overvalued-or-undervalued-3705169",
        "imagepath": "",
        "date": "2025-11-16 08:06:59",
        "description": "As of 14 November 2025, Kanishk Steel's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company appears to be fairly valued based on its current metrics, with a PE ratio of 14.88, an EV to EBITDA of 16.31, and a ROE of 10.09%. \n\nIn comparison to its peers, Kanishk Steel's valuation stands out; for instance, JSW Steel has a significantly higher PE ratio of 46.61, while Tata Steel, rated as attractive, has a PE of 29.2. This suggests that Kanishk Steel is positioned more conservatively within the industry. Additionally, the company has outperformed the Sensex over various periods, with a year-to-date return of 64.84% compared to the Sensex's 8.22%, reinforcing its competitive standing despite the recent downgrade in valuation grade...."
      }
    ],
    "total": 150,
    "sid": "241347",
    "stock_news_url": "https://www.marketsmojo.com/news/kanishk-steel-industries-241347"
  },
  "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": []
    }
  ]
}

News and Views

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

Why is Kanishk Steel falling/rising?

2025-11-27 00:25:39

Robust Price Movement and Market Outperformance

Kanishk Steel opened the day with a significant gap up of 8.88%, signalling strong buying interest from the outset. The stock reached an intraday high of ₹56.40, marking an 8.88% increase from the previous close, before retreating slightly to close at ₹54.35. Despite this volatility, the stock outperformed its sector, which itself gained 2.61%, by a margin of 2.31%. This relative strength highlights Kanishk Steel’s appeal compared to its peers in the Steel, Sponge Iron, and Pig Iron segment.

The trading range for the day was wide, spanning ₹5.86, reflecting heightened volatility with an intraday volatility measure of 5.48%. Such fluctuations indicate active trading and investor interest, although the weighted average pric...

How has been the historical performance of Kanishk Steel?

2025-11-18 22:55:45

Answer: The historical performance of Kanishk Steel shows a mixed trend over the fiscal years ending March 2015 and March 2016. Breakdown: In the fiscal year ending March 2016, Kanishk Steel reported net sales of 272.61 Cr, a decline from 303.80 Cr in the previous year. The total operating income mirrored this trend, remaining at 272.61 Cr compared to 303.80 Cr in March 2015. The raw material costs increased to 120.48 Cr from 102.04 Cr, while the purchase of finished goods decreased significantly from 152.90 Cr to 110.44 Cr. Total expenditure, excluding depreciation, fell to 271.90 Cr from 297.27 Cr, leading to an operating profit (PBDIT) of 11.23 Cr, up from 7.89 Cr. Profit before tax improved to 6.12 Cr from 1.41 Cr, resulting in a profit after tax of 4.73 Cr, a notable recovery from a loss of 0.26 Cr the previous year. The earnings per share (EPS) also reflected this positive shift, rising to 1.76 from ...

Is Kanishk Steel overvalued or undervalued?

2025-11-17 08:07:22

As of 14 November 2025, Kanishk Steel's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 14.88, an EV to EBITDA of 16.31, and a ROE of 10.09%. In comparison with peers, Kanishk Steel's PE ratio is significantly lower than that of JSW Steel, which stands at 46.61, and Tata Steel, which is rated attractive with a PE of 29.2. This suggests that Kanishk Steel may be undervalued relative to its peers, despite its current fair valuation. Additionally, Kanishk Steel has outperformed the Sensex in various time frames, including a year-to-date return of 64.84% compared to the Sensex's 8.22%, reinforcing the notion that the stock may have room for growth....

Is Kanishk Steel overvalued or undervalued?

2025-11-16 08:06:59

As of 14 November 2025, Kanishk Steel's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company appears to be fairly valued based on its current metrics, with a PE ratio of 14.88, an EV to EBITDA of 16.31, and a ROE of 10.09%. In comparison to its peers, Kanishk Steel's valuation stands out; for instance, JSW Steel has a significantly higher PE ratio of 46.61, while Tata Steel, rated as attractive, has a PE of 29.2. This suggests that Kanishk Steel is positioned more conservatively within the industry. Additionally, the company has outperformed the Sensex over various periods, with a year-to-date return of 64.84% compared to the Sensex's 8.22%, reinforcing its competitive standing despite the recent downgrade in valuation grade....

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.