Kalyani Forge Ltd - Stock Valuation and Financial Performance

BSE: 513509 | NSE: KALYANIFRG | Forgings | Small Cap

Kalyani Forge Ltd Share Price

428 -6.00 -1.38%
as on 26-Feb'24 16:01

DeciZen - make an informed investing decision on Kalyani Forge

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Kalyani Forge stock performance -

mw4me loader
P/E Ratio (SA):
34.27
Market Cap:
157.9 Cr.
52-wk low:
205
52-wk high:
567.3

Is Kalyani Forge Ltd an attractive stock to invest in?

1. Is Kalyani Forge Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kalyani Forge Ltd is a average quality company.

2. Is Kalyani Forge Ltd undervalued or overvalued?

The key valuation ratios of Kalyani Forge Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Kalyani Forge Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kalyani Forge Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kalyani Forge:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kalyani Forge Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.1%1.4%3.2%4.6%6.5%7.2%-2.2%0.5%4.2%3.7%-
Value Creation
Index
-0.6-0.9-0.8-0.7-0.5-0.5-1.2-1.0-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 205241231227259286201181247267244
Sales YoY Gr.-17.2%-4.1%-1.8%14%10.8%-29.8%-10%36.4%8.2%-
Adj EPS 13.2-62.812.117.317.7-19.3-4.17.97.512.7
YoY Gr.--145.3%NA337.7%43.1%2.2%-209%NANA-5.1%-
BVPS (₹) 282.5267.8268.4280.4293.5306.7280.7275.4283289.9300.5
Adj Net
Profit
4.8-2.214.46.36.4-7-1.52.92.75
Cash Flow from Ops. 19.225.419.215.512.33024.17.411.1-2.5-
Debt/CF from Ops. 3.11.82.14.15.11.61.33.72.4-15.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.9%0.6%9.9%8.2%
Adj EPS -6.1%-15.4%NA-5.1%
BVPS0.3%-0.3%1.1%2.5%
Share Price 15.2% 9.8% 31.1% 76.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.8-2.214.465.9-6.6-1.52.82.64.3
Op. Profit
Mgn %
11.55.56.87.18.394.27.17.65.47
Net Profit
Mgn %
2.3-0.90.41.92.42.3-3.5-0.81.211.9
Debt to
Equity
0.60.50.40.60.60.40.30.30.30.4-
Working Cap
Days
189157165188196181230237187193119
Cash Conv.
Cycle
92767378868812413811812949

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.30%

Sales growth has been subdued in last 3 years 9.89%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -8.43%

Latest Financials - Kalyani Forge Ltd.

Standalone Consolidated
TTM EPS (₹) 12.7 -
TTM Sales (₹ Cr.) 244 -
BVPS (₹.) 300.5 -
Reserves (₹ Cr.) 106 -
P/BV 1.44 -
PE 34.27 -
From the Market
52 Week Low / High (₹) 205.00 / 567.30
All Time Low / High (₹) 7.00 / 567.30
Market Cap (₹ Cr.) 158
Equity (₹ Cr.) 3.6
Face Value (₹) 10
Industry PE 38.5

Management X-Ray of Kalyani Forge:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kalyani Forge

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Kalyani Forge Ltd Stock News

Kalyani Forge Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kalyani Forge on 26-Feb-2024 16:01 is ₹428.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Feb-2024 16:01 the market cap of Kalyani Forge stood at ₹157.9.
The latest P/E ratio of Kalyani Forge as of 26-Feb-2024 16:01 is 34.27.
The latest P/B ratio of Kalyani Forge as of 26-Feb-2024 16:01 is 1.44.
The 52-week high of Kalyani Forge is ₹567.3 and the 52-week low is ₹205.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalyani Forge is ₹244.4 ( Cr.) .

About Kalyani Forge Ltd

Kalyani Forge was established on January 29, 1979, as a private limited company by the name of Ellora Engineering Company Private Limited. later in 1992 was converted into a public limited company and also changed its name to the present one. The company is a part of the well reputed Kalyani group and has been promoted by U A Tahale and P S Kalyani.

The company is engaged in the manufacturing of Forgings, Precision Machined Components  and Sub-assemblies.

The company was formed at a time when the engineering industry, and particularly the automotive sector, was experiencing a change in the demand pattern. This compelled forging units to consider new ways and means to meet the buyers requirements on qualitative and quantitative terms. Kalyani Forge, the first and perhaps the only forge shop in India to exclusively use press technology for small forgings, successfully bridged the gap with consistent high quality and timely delivery.

Kalyani Forge is TS 16949 & QS 9000 certified company that manufactures closed die press forgings using HOT, WARM & COLD forging technologies in the weight range - 50 gms to 12 kgs. Kalyani Forge specializes in the manufacture of connecting rods for two & four wheelers.

Kalyani Forge is well located at Koregaon Bhima, 30 Km from Pune which is known as 'The Detroit of India' & 'The Oxford of the East'. It is around 160 Kms from Mumbai i.e. approximately 30 minutes by air & 3 hours by road. Pune is well connected to other metropolitan cities like Delhi, Bangalore, Chennai, Kolkatta.

Product range of the company includes:

Hot forgings

  • Crankshafts
  • Profiles
  • Connecting rods
  • Shifter Forks
  • Under Brackets

Cold forgings

  • Spline shafts
  • Kidney gears

Warm forgings

  • Lug gears
  • Tulips, gear wheel

Machine components

  • Precision machined components

Different divisions of the company are:

  • Product Engineering Division
  • Hot Forging Division
  • Metal Forms Division
  • Precision Auto Components Division
  • Metallurgical & Metrological Testing 

Milestones :

  • 2004 - Forging Capacity Expansion & TS16949 Certification 
  • 2003- Machining Capacity Expansion 
  • 2002- Technology Upgradation for CAD/CAM Facilities
  • 2001- QS 9000 Certification
  • 1999- Establishment of Metal Forms Division
  • 1995- ISO 9002 Certification & Establishment of Machine Shop 
  • 1992 - Maiden Export Order from Italy 
  • 1981 - Commencement of Commercial Production of Hot Forgings 
  • 1979 - Company Incorporation

Achievements/ recognition:

  • TS 16949 Certified by Underwriters Laboratories (UL) , USA & QS 9000
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