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Kalyani Forge Limited

Kalyani Forge Limited

KALYANIFRG.NS
Kalyani Forge LimitedIN flagNational Stock Exchange of India
611.90
INR
+5.45
- -
2.23BMarket Cap
Kalyani Forge Limited
KALYANIFRG.NS
(National Stock Exchange of India)

Recent

price

611.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
634.52
749.02
709.11
553.66
660.39
634.79
622.19
710.66
786.51
549.63
495
675.82
727.91
648.74
650.61
644.7
646.64
Revenue per Share
17.71
36.87
24.27
13.14
-6.22
3.03
9.57
18.04
19.14
-19.04
-4.84
8.61
-0.5
12.51
22.86
25.6
25.68
Basic EPS, GAAP
-21.97
50.25
17.99
37.19
64.85
38.51
-71.62
28.12
63.68
62.88
16.51
17.72
-27.89
-43.86
-6.93
-70.5
- -
Free Cash Flow per Basic Share
2.12
2.33
2.9
2.91
2.9
0.03
2.42
3.3
4.42
4.81
1
2.09
2.26
2.98
2.81
3.98
- -
Dividend per Share
10
209.25
228.17
237.07
222.33
225.36
234.94
248.05
261.68
237.83
236.78
243.89
174.45
183.96
203.86
10
10.03
Book Value per Share
216.96
250.7
270.68
280.49
265.92
269.08
278.74
292.33
306.26
280.49
275.32
282.94
213.58
223.63
244.92
253.82
254.58
Tangible Book Value per Share
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
Basic Weighted Avg Shares
2,309
2,725
2,580
2,014
2,402
2,309
2,264
2,585
2,861
2,000
1,801
2,459
2,648
2,360
2,366
2,346
2,346
Sales/Revenue/Turnover
-27.4
10.67
8.34
6.07
1.28
2.82
4.43
4.47
4.87
-2.16
-0.01
4.47
1.13
6.33
6.82
7.86
7.86
Operating Margin (%)
112
119
128
135
131
117
104
129
150
139
128
123
112
62
79
75
95
Depreciation Expense
64
134
88
48
-23
11
35
66
70
-69
-18
31
-2
46
83
93
93
Net Income, GAAP
36.46
32.42
35.68
33.22
- -
45.87
33.02
28.61
27.72
- -
- -
22.1
114.42
19.03
28.35
35.17
35.17
Effective Tax Rate (%)
2.79
4.92
3.42
2.37
-0.94
0.48
1.54
2.54
2.43
-3.46
-0.98
1.27
-0.07
1.93
3.51
3.97
3.97
Profit Margin (%)
617
230
266
264
294
275
132
303
376
351
446
549
371
404
276
357
357
Working Capital
731
233
319
214
117
14
143
170
60
13
- -
1
9
194
122
349
349
LT Debt
790
913
991
1,028
974
985
1,020
1,068
1,116
1,021
1,002
1,029
777
820
897
955
955
Total Equity
-28.3
12.78
8.8
5.25
- -
2.64
4.57
5.08
6.23
- -
- -
6.7
-0.35
9.38
7.62
6.6
6.6
Return on Invested Capital (%)
15.95
18.25
6.24
5.61
- -
3.05
4.4
7.11
7.46
- -
- -
4.75
-0.54
7.83
9.77
11.2
11.2
Return on Capital (%)
177.15
33.63
11.09
5.65
-2.71
1.35
4.16
7.47
7.51
-7.62
-2.04
3.58
-0.24
6.98
11.79
23.96
23.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
671
- -
707
LT Borrowings
237
- -
349
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
- -
4
Market Capitalization
2,400
2,296
1,983

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,701
- -
1,478
Cash, Cash Equivalents & STI
31
- -
23
Accounts Receivable, Net
973
- -
1,027
Inventories
637
- -
355
Total Current Liabilities
1,327
- -
1,121
Payables & Accruals
- -
- -
- -
ST Debt
671
- -
707
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.2%
-0.07%
6.53%
Free Cash Flow
26.74%
128.23%
918.07%
Net Income, GAAP
-282.97%
-573.19%
12.06%
Sales/Revenue/Turnover
1.56%
6.56%
-0.84%
Total Cash Common Dividend
935.83%
37.06%
41.86%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
593
609
597
561
2,360
2025
567
623
586
590
2,366
2026
641
557
579
570
2,346

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.83
3.58
4.16
- -
12.51
2025
0.96
10.78
5
6.12
22.86
2026
3.87
5.91
-0.33
16.17
25.6

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.98
2025
- -
- -
- -
- -
2.81
2026
- -
- -
- -
- -
3.98
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Business
Kalyani Forge Limited engages in the manufacturing of close-tolerance precision forgings and fully machined components primarily for automotive, power generation, and industrial sectors. Its core product portfolio includes hot, warm, and cold forged components such as connecting rods, crankshafts, transmission gears, chassis parts, turbocharger components, constant velocity joints, and front and rear axle parts, complemented by in-house precision machining and heat treatment services. The company delivers these products to global markets, supported by advanced facilities equipped with oil, polymer, and water quenching heat treatment capabilities and a CNC tool room. Founded in 1979 and headquartered in Pune, India, Kalyani Forge has recently expanded its strategic operations by upgrading its CAD/CAM technology and establishing a dedicated machining division for fully finished connecting rods while maintaining its leadership in niche precision forgings. The company continues to sustain high-quality standards through extensive in-house die and tool manufacturing and simulation capabilities, enabling responsiveness to complex customer requirements. Kalyani Forge operates as part of the larger Kalyani Group and remains focused on innovation and quality enhancement to meet evolving industrial demands.