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Kalyani Forge Limited

Kalyani Forge Limited

NSE: KALYANIFRG
Auto PartsConsumer CyclicalSMALL CAPMCap ₹292.3 Cr
₹803.45₹-20.85 (-2.53%)

Market Closed • NSE

Market cap₹292.3 Cr
Enterprise value₹403.3 Cr
P/E TTM23.59
P/B3.06
EPS TTM₹34.06
D/E1.11
Dividend yield0.00%
52W high₹1,192.25
52W low₹523.60
Price chart(1Y)
1Y Return:+34.10% (+₹204.30)
H: ₹1,192.25L: ₹574.7
1W-3.67%
1M-20.88%
3M+34.19%
6M+31.85%
1Y+8.05%
Today at a glance

Day range

₹801.00₹821.10

52 week range

₹523.60₹1,192.25
Volume1.0K0.51x 20D avg
Free float50.00%-49.40% volume

Kalyani Forge Limited closed at INR803.45 (-2.53%) on volume 0.51x its 20-day average, trading 32.61% below its 52-week high.

Technical analysis
RSI (14)36.6Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹45.29High
SMA 20₹914.29BEARISH
SMA 50₹866.59BEARISH
SMA 100₹737.64BULLISH
SMA 200₹672.06BULLISH
CPR bottom₹836.50
Pivot₹832.43
CPR top₹828.37
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +5041% QoQ

2026-08-21

DIVIDEND Announced

Dividend - Rs 4 Per Share

2025-08-22

DIVIDEND Announced

Dividend - Rs 4 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹105.6 Cr₹292.3 Cr36.13%≤ 33%FAIL
Non-halal income ratio–₹234.6 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹251.3 Cr₹251.5 Cr99.91%≥ 20%PASS
Receivables ratio–₹251.5 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E23.5926.80
Forward P/E——
P/B3.062.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield4.203.70
Growth & profitability
RevenuePAT
FY17PAT margin —
FY23PAT margin -0.10%
FY24PAT margin 1.90%
FY25PAT margin 3.50%
FY26PAT margin 4.00%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-4.00%
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin11.38%
Net margin5.22%
Financial health & cash flow
Net debt₹105.4 CrModerate
Interest coverage2.40xEBIT / interest
CFO / PAT1.77x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹7.5 Cr
Capital expenditure–
Free cash flow₹-2565.8 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall53/100
Valuation60/100
Profitability50/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.77x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Auto Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.00%Institutional holding
41.29%Public holding
5Periods available
0.00%Promoter pledged
6.48KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Aug 2026Dividend₹4.00 / share—21 Aug 2026
22 Aug 2025Dividend₹4.00 / share—22 Aug 2025
—Dividend₹3.00 / share—20 Sept 2024
—Dividend₹3.00 / share—13 Sept 2023
—Dividend₹3.00 / share—10 Aug 2022
—Dividend₹1.50 / share—05 Aug 2021
—Dividend₹1.00 / share—17 Sept 2020
—Dividend₹4.00 / share—17 Jul 2019
—Dividend₹3.50 / share—19 Jul 2018
—Dividend₹3.00 / share—17 Jul 2017
—Dividend₹2.00 / share—21 Jul 2016
—Annual General MeetingAnnual General Meeting—27 Aug 2015
Delivery participation

Traded volume and delivery percentage across the latest 6 sessions

Average delivery (6D)48.44%-14.17% latest vs average
Highest delivery76.00%on 28 Aug
Average volume (6D)61.9KTrading-session average
Conviction trendWeakening-14.17% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About Kalyani Forge Limited
Kalyani Forge Limited

Kalyani Forge Ltd is a Pune- based precision-engineering company manufacturing hot, warm, and cold-forged, machined and assembled components. Its engine, driveline and axle products serve passenger /commercial vehicles, agriculture, industrial, power, off-highway, marine and EV applications. Its capabilities include heat treatment, die/tool making, testing and finishing.[1][2]

IndiaConsumer Cyclical

Questions investors ask
Is Kalyani Forge Limited Shariah compliant?

Kalyani Forge Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (36.13%) exceeds AAOIFI threshold (≤ 33%).

What is Kalyani Forge Limited's current valuation relative to peers?

Kalyani Forge Limited trades at a P/E of 23.6x compared to the sector median of 26.8x, and a Price-to-Book of 3.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.11x. Interest coverage is 2.4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.