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Kalyani Steels Overview

Kalyani Steels Ltd offers iron and steel products, together with bars and rods alloy rolled, and bars and rods iron or non-alloy rolled. The integrated steel plant of the Company is located at Village Ginigera, Taluka and District Koppal, inside the State of Karnataka. The Company's subsidiary is Lord Ganesha Minerals Pvt Ltd.

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Kalyani Steels Key Financials

Market Cap ₹3259 Cr.

Stock P/E 12.7

P/B 1.6

Current Price ₹746.6

Book Value ₹ 465.7

Face Value 5

52W High ₹988

Dividend Yield 1.34%

52W Low ₹ 575

Kalyani Steels Share Price

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Volume
Price

Kalyani Steels Quarterly Price

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Kalyani Steels Peer Comparison

Kalyani Steels Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 461 407 449 461 492 484 544 443 456 462
Other Income 13 12 15 13 15 13 14 15 15 15
Total Income 473 419 464 475 507 497 558 458 471 477
Total Expenditure 375 346 352 382 396 401 430 357 371 371
Operating Profit 98 73 111 92 111 97 128 101 101 106
Interest 4 4 3 4 5 6 4 3 2 2
Depreciation 11 12 12 16 16 16 16 15 15 14
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -7
Profit Before Tax 83 58 96 72 90 75 108 83 84 83
Provision for Tax 21 15 23 20 23 19 28 21 21 22
Profit After Tax 62 43 73 52 67 56 80 62 63 62
Adjustments 0 0 -4 -0 -0 0 -0 -0 0 0
Profit After Adjustments 62 43 70 52 67 56 80 62 63 62
Adjusted Earnings Per Share 14.1 9.8 15.9 11.9 15.4 12.9 18.3 14.1 14.3 14.2

Kalyani Steels Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025 TTM
Net Sales 1180 1257 1345 1407 1199 1188 1706 1959 1982 1905
Other Income 61 14 17 14 23 43 52 47 55 59
Total Income 1242 1271 1363 1420 1222 1231 1758 2006 2037 1964
Total Expenditure 1004 970 1141 1195 1005 925 1368 1588 1609 1529
Operating Profit 238 301 221 226 217 306 390 418 428 436
Interest 12 10 9 7 10 7 13 26 19 11
Depreciation 52 52 37 38 43 44 46 61 63 60
Exceptional Income / Expenses 0 0 0 12 0 0 0 2 0 -7
Profit Before Tax 174 239 175 192 165 255 331 333 346 358
Provision for Tax 60 83 60 60 31 65 83 84 90 92
Profit After Tax 113 156 115 131 134 190 248 249 256 267
Adjustments -0 0 0 0 3 0 -4 -0 -0 0
Profit After Adjustments 113 156 116 132 137 190 244 249 256 267
Adjusted Earnings Per Share 26 35.8 26.5 30.2 31.3 43.6 55.9 57 58.7 60.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 19% 7% 0%
Operating Profit CAGR 2% 12% 14% 0%
PAT CAGR 3% 10% 14% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% 32% 17% 16%
ROE Average 14% 17% 17% 18%
ROCE Average 16% 19% 20% 21%

Kalyani Steels Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
Shareholder's Funds 589 701 785 890 963 1153 1367 1680 1891
Minority's Interest 0 -5 -5 -6 -4 -4 0 0 0
Borrowings 110 65 24 7 5 23 190 83 0
Other Non-Current Liabilities 153 60 54 51 45 39 33 45 51
Total Current Liabilities 404 541 423 389 355 439 668 765 789
Total Liabilities 1256 1362 1280 1332 1365 1650 2258 2573 2732
Fixed Assets 545 436 437 423 418 382 358 734 678
Other Non-Current Assets 165 201 181 180 160 240 342 467 513
Total Current Assets 546 724 662 729 786 1028 1558 1373 1541
Total Assets 1256 1362 1280 1332 1365 1650 2258 2573 2732

Kalyani Steels Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 8 8 24 33 21 15 11 11 19
Cash Flow from Operating Activities 160 152 191 286 257 62 362 323 382
Cash Flow from Investing Activities -255 -38 -77 -116 -183 -226 -474 -304 -135
Cash Flow from Financing Activities 97 -98 -105 -181 -80 160 123 -10 -252
Net Cash Inflow / Outflow 2 16 10 -12 -6 -3 11 9 -5
Closing Cash & Cash Equivalent 9 24 33 21 15 11 22 19 14

Kalyani Steels Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
Earnings Per Share (Rs) 25.99 35.79 26.48 30.17 31.29 43.59 55.93 56.99 58.7
CEPS(Rs) 37.87 47.63 34.93 38.9 40.5 53.63 67.26 70.91 73.22
DPS(Rs) 0 5 5 5 5 7.5 10 10 10
Book NAV/Share(Rs) 134.92 160.58 179.74 203.91 220.6 264.19 313.24 384.8 433.28
Core EBITDA Margin(%) 12.14 20.36 14.7 15.08 16.17 22.15 19.84 18.93 18.82
EBIT Margin(%) 12.77 17.64 13.27 14.16 14.55 22.04 20.17 18.31 18.41
Pre Tax Margin(%) 11.94 16.92 12.61 13.64 13.75 21.44 19.38 16.99 17.47
PAT Margin (%) 7.79 11.05 8.3 9.34 11.18 15.99 14.52 12.69 12.93
Cash Profit Margin (%) 11.36 14.74 10.99 12.07 14.74 19.71 17.21 15.79 16.13
ROA(%) 9.57 11.91 8.73 10.06 9.95 12.6 12.68 10.3 9.66
ROE(%) 19.75 24.17 15.52 15.69 14.47 17.95 19.65 16.33 14.35
ROCE(%) 21.55 26.72 19.33 21.23 18.53 22.82 22.69 18.02 15.85
Receivable days 60.43 104.93 110.64 88.9 82.86 74.44 60.64 68.76 78.46
Inventory Days 33.84 31.56 32.41 34.53 42.68 37.62 36 46.98 53.97
Payable days 106.8 117.1 102.53 79.66 85.46 83.55 59.1 51.54 50.21
PER(x) 6.48 10.11 11.19 7.13 4.03 7.31 5.3 14.98 12.99
Price/Book(x) 1.25 2.25 1.65 1.06 0.57 1.21 0.95 2.22 1.76
Dividend Yield(%) 0 1.38 1.69 2.32 3.97 2.35 3.38 1.17 1.31
EV/Net Sales(x) 0.89 1.43 1.07 0.66 0.16 0.79 0.39 1.93 1.52
EV/Core EBITDA(x) 4.43 5.99 6.48 4.11 0.9 3.07 1.69 9.03 7.05
Net Sales Growth(%) 16.45 6.52 6.97 4.57 -14.76 -0.91 43.6 14.86 1.14
EBIT Growth(%) 516.48 33.85 -25.96 8.1 -12.38 50.06 31.44 4.3 1.66
PAT Growth(%) 3069.04 37.38 -26.06 13.99 2.06 41.69 30.39 0.43 3
EPS Growth(%) 3068.76 37.71 -26.01 13.94 3.72 39.29 28.31 1.9 3
Debt/Equity(x) 0.56 0.35 0.22 0.03 0 0.15 0.25 0.35 0.23
Current Ratio(x) 1.35 1.34 1.56 1.88 2.21 2.34 2.33 1.79 1.95
Quick Ratio(x) 1.08 1.09 1.3 1.48 1.86 2.07 2.01 1.42 1.57
Interest Cover(x) 15.39 24.38 19.91 27.27 18.16 36.92 25.5 13.9 19.65
Total Debt/Mcap(x) 0.44 0.16 0.14 0.03 0.01 0.12 0.26 0.16 0.13

Kalyani Steels Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7 64.7
FII 2.72 2.53 2.45 2.11 2.66 2.17 1.77 1.86 1.78 1.82
DII 9.38 12.18 12.04 12.13 10.84 10.5 10.55 10.74 11.1 11.14
Public 23.2 20.58 20.81 21.05 21.8 22.63 22.98 22.7 22.42 22.33
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Kalyani Steels News

Kalyani Steels Pros & Cons

Pros

  • Debtor days have improved from 51.54 to 50.21days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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