Kanishk Steel

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

INR

57.82

0.09 (0.16%)

BSENSE

Dec 24

BSE+NSE Vol: 27.49 k

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    "name": "Kanishk Steel",
    "stock_name": "Kanishk Steel",
    "full_name": "Kanishk Steel Industries Ltd",
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    "country_id": 34,
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    "cmp": "57.82",
    "chg": 0.09,
    "chgp": "0.16%",
    "dir": 1,
    "prev_price": "57.73",
    "mcapval": "168.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 513456,
    "symbol": "",
    "ind_name": "Iron & Steel Products",
    "ind_code": 23,
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    "isin": "INE791E01018",
    "curr_date": "Dec 24",
    "curr_time": "",
    "bse_nse_vol": "27.49 k",
    "exc_status": "Active",
    "traded_date": "Dec 24, 2025",
    "traded_date_str": "2025 12 24",
    "score": "",
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  "news": {
    "results": [
      {
        "title": "Why is Kanishk Steel falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-kanishk-steel-fallingrising-3766055",
        "imagepath": "",
        "date": "2025-12-23 01:37:14",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Strong Relative Performance Against Benchmarks</strong></p>\n<p>Kanishk Steel's recent price action stands out when compared to the broader Sensex index. Over the past week, the stock has gained 6.02%, markedly outperforming the Sensex's modest 0.42% rise. This trend extends over longer periods as well, with the stock delivering a 16.16% return in the last month against the Sensex's 0.39%. The year-to-date (YTD) performance is particularly striking, with Kanishk Steel surging 76.67%, dwarfing the Sensex's 9.51% gain. Even over a five-year horizon, the stock has appreciated by an impressive 488.31%, far exceeding the benchmark's 85.99% increase. These figures underscore the stock's sustained outperformance and growing investor confidence.</p>\n<p><strong>Intraday Volatility and Trading Range</s..."
      },
      {
        "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": "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."
      }
    ],
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    "sid": "241347",
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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

Why is Kanishk Steel falling/rising?

2025-12-23 01:37:14

Strong Relative Performance Against Benchmarks

Kanishk Steel's recent price action stands out when compared to the broader Sensex index. Over the past week, the stock has gained 6.02%, markedly outperforming the Sensex's modest 0.42% rise. This trend extends over longer periods as well, with the stock delivering a 16.16% return in the last month against the Sensex's 0.39%. The year-to-date (YTD) performance is particularly striking, with Kanishk Steel surging 76.67%, dwarfing the Sensex's 9.51% gain. Even over a five-year horizon, the stock has appreciated by an impressive 488.31%, far exceeding the benchmark's 85.99% increase. These figures underscore the stock's sustained outperformance and growing investor confidence.

Intraday Volatility and Trading RangeRead More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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...
Read More
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...
Read More
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.
Read More
Kanishk Steel Industries Hits New 52-Week High at Rs.57.99
2025-11-27 09:48:45
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.
Read More
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.