What is Kalyani Forge Ltd (KALYANIFRG) share price return in the past 10 years?

Kalyani Forge Ltd share price has appreciated 9.6% annually (CAGR) over the past ten years.

What is the share price of Kalyani Forge Ltd (KALYANIFRG)?

Company share prices are keep on changing according to the market conditions. The current trading price of Kalyani Forge Ltd (KALYANIFRG) on 10-Jun-2026 16:59:59 at 16:59 is 600.00.

What is the P/E ratio of Kalyani Forge?

The latest standalone P/E ratio of Kalyani Forge as of 10-Jun-2026 is 23.04.

What is the P/B ratio of Kalyani Forge Ltd (KALYANIFRG)?

The latest standalone P/B ratio of Kalyani Forge Ltd (KALYANIFRG) as of 10-Jun-2026 is 2.22.

What is the 52-week high and low of Kalyani Forge Ltd (KALYANIFRG)?

The 52-week high of Kalyani Forge Ltd (KALYANIFRG) is Rs. 847.00 and the 52-week low is Rs. 504.10.

Kalyani Forge Ltd (KALYANIFRG) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Kalyani Forge Ltd (KALYANIFRG)
Brand: Kalyani Forge

Kalyani Forge Ltd (KALYANIFRG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513509 NSE: KALYANIFRG Forgings | Small Cap | Kalyani Forge Share Price

Kalyani Forge Ltd (KALYANIFRG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513509 NSE: KALYANIFRG Forgings | Small Cap | Kalyani Forge Share Price

Key Metrics

Valuation Multiples

Market Cap

₹215 Cr.

Current Price

₹600

52-Week Low / High

₹504 / 847

TTM EPS

₹25.6

TTM Sales

₹235 Cr.

Book Value per Share

₹265.8

P/E Ratio

23.04

Lower than its 5-year historical median

Industry PE

80.9

Price to Book (P/B)

2.22

Higher than its 5-year historical median

Price to Sales (P/S)

0.91

Higher than its 5-year historical median

EV/EBITDA

10.07

Higher than its 5-year historical median

Dividend Yield

0.81%

Profitability Efficiency

Return on Equity (ROE)

9.69%

Underperforms industry median

Return on Capital Employed (ROCE)

12.26%

Underperforms industry median

Return on Assets (ROA)

3.87%

Operating Profit Margin

10.1%

Net Profit Margin

3.51%

Gross Profit Margin

8.2%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

-0.06%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

72.37%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

82.64%

Asset Quality

Promoter Holding

58.76%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹93 Cr.

Equity

₹3.6 Cr.

Face Value

₹10

All Time Low / High

₹7.00 / 873.00

Kalyani Forge stock performance

Key Ratios

Check Before You Invest

Quality

Not Good

Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is Kalyani Forge Ltd a good quality company?

Kalyani Forge Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Kalyani Forge Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Kalyani Forge Ltd vs industry peers?

Kalyani Forge Ltd revenue CAGR is 3.32%, compared to the industry median CAGR of 10.29%, indicating slower growth and losing its market share.

Q.1 Promoter shareholding and pledge status of Kalyani Forge Ltd?

Promoters hold 58.76% of the Kalyani Forge Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Kalyani Forge Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 9.2% based on the current price.

10 Year X-Ray :

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.9%	5.9%	9.4%	10.5%	-1.9%	0.8%	6%	3.8%	8.9%	12.3%	-
Value Creation Index ⓘ	-0.7	-0.6	-0.3	-0.3	-1.1	-1.0	-0.6	-0.7	-0.4	-0.1	-
Growth Parameters ⓘ
Sales ⓘ	231	227	259	286	201	181	247	266	237	237	235
Sales YoY Gr.	-	-1.8%	14%	10.8%	-29.8%	-10%	36.4%	7.9%	-10.9%	-0.1%	-
Adj EPS ⓘ	2.8	12.1	17.3	17.7	-19.3	-4.1	7.9	-2.9	10.9	20.9	25.6
YoY Gr.	-	337.7%	43.1%	2.2%	-209%	NA	NA	-137.1%	NA	91.8%	-
BVPS (₹) ⓘ	268.4	280.4	293.5	306.7	280.7	275.4	283	213.6	225.4	246.5	265.8
Adj Net Profit ⓘ	1	4.4	6.3	6.4	-7	-1.5	2.9	-1.1	4	7.6	9
Cash Flow from Ops. ⓘ	19.2	15.5	12.3	30	24.1	7.4	11.1	-2.5	10	21.8	-
Debt/CF from Ops. ⓘ	2.1	4.1	5.1	1.6	1.3	3.7	2.4	-15.3	6.1	3.3	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.3%	3.3%	-1.4%	-0.1%
Adj EPS ⓘ	25.2%	NA	38.4%	91.8%
BVPSⓘ	-0.9%	-2.6%	-4.5%	9.4%
Share Price	9.6%	20.8%	34.6%	-14.9%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1	4.4	6	5.9	-6.6	-1.5	2.8	-1.2	5	8.9	10
Op. Profit Mgn % ⓘ	6.8	7.1	8.3	9	4.2	7.1	7.6	4	6.1	10.1	11.9
Net Profit Mgn % ⓘ	0.4	1.9	2.4	2.3	-3.5	-0.8	1.2	-0.4	1.7	3.2	4
Debt to Equity ⓘ	0.4	0.6	0.6	0.4	0.3	0.3	0.3	0.5	0.7	0.8	0.4
Working Cap Days ⓘ	165	188	196	181	230	237	187	177	202	218	127
Cash Conv. Cycle ⓘ	73	78	86	88	124	138	118	112	108	119	29

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	231	227	259	286	201	181	247	266	237	237
Operating Expenses ⓘ +	215	212	237	261	193	169	228	255	223	213
Manufacturing Costs	60	64	69	71	48	40	48	52	53	51
Material Costs	113	105	127	143	102	92	132	152	114	112
Employee Cost	28	32	29	36	31	26	35	37	38	40
Other Costs ⓘ	13	12	12	10	11	10	13	15	18	10
Operating Profit ⓘ	16	15	21	26	8	12	19	11	14	24
Operating Profit Margin (%)	6.8%	6.5%	8.3%	9.0%	4.2%	6.7%	7.6%	4.0%	5.9%	10.1%
Other Income ⓘ +	3	5	7	6	3	2	1	7	4	3
Exceptional Items ⓘ	0	0	0	0	0	0	0	-2	0	0
Interest ⓘ	5	4	6	8	5	3	4	3	6	7
Depreciation ⓘ	12	10	13	15	14	13	12	11	6	8
Profit Before Tax ⓘ	2	5	9	10	-8	-2	4	1	6	12
Tax ⓘ	1	2	3	3	-1	-0	1	1	1	3
Profit After Tax	1	3	7	7	-7	-2	3	-0	5	8
PAT Margin (%)	0.5%	1.5%	2.5%	2.4%	-3.5%	-1.0%	1.3%	-0.1%	1.9%	3.5%
Adjusted EPS (₹)	3.0	9.6	18.0	19.1	-19.0	-4.8	8.6	-0.5	12.5	22.9
Dividend Payout Ratio (%)	66%	31.30%	19.40%	20.90%	-5.30%	-31%	34.80%	-594.10%	24%	17.50%

Valuation of Kalyani Forge - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	98	102	107	112	102	100	103	78	82	90
Share Capital ⓘ	4	4	4	4	4	4	4	4	4	4
Reserves ⓘ	94	98	103	108	98	97	99	74	78	86
Debt +	34	57	57	38	25	26	26	38	61	72
Long Term Debt	5	16	18	6	1	0	0	1	19	12
Short Term Debt	29	41	40	31	24	26	26	37	41	59
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	40	42	50	48	35	36	34	44	46	51
Others Liabilities ⓘ	26	34	21	30	21	19	16	16	13	16
Total Liabilities ⓘ	198	235	235	227	182	181	180	176	201	228
Fixed Assets
Net Fixed Assets ⓘ +	64	60	84	78	65	53	44	39	56	61
Gross Block	215	71	108	117	118	115	114	119	291	296
Accumulated Depreciation	151	10	23	38	52	62	70	80	234	235
CWIP ⓘ	8	30	5	0	1	1	2	3	5	15
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	37	45	48	48	40	45	49	47	56	57
Trade Receivables	62	62	70	75	57	67	73	75	62	81
Cash Equivalents	10	2	5	5	6	3	5	5	6	3
Others Assets ⓘ	17	37	23	19	14	12	7	6	16	11
Total Assets ⓘ	198	235	235	227	182	181	180	176	201	228

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	19	15	12	30	24	7	11	-3	10	22
PBT ⓘ	2	7	9	10	-9	-2	4	1	6	12
Adjustment ⓘ	17	13	17	19	20	19	20	13	18	14
Changes in Working Capital ⓘ	2	-2	-12	0	14	-9	-11	-15	-11	-3
Tax Paid ⓘ	-1	-2	-2	1	-1	0	-2	-2	-2	-0
Cash Flow From Investing Activity ⓘ +	-5	-41	-2	-7	-1	-1	-4	-6	-26	-24
Capex	-5	-42	-2	-7	-1	-1	-4	-6	-26	-24
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	-0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	-11	19	-8	-25	-23	-7	-5	8	16	3
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	2	-8	-8	-7	-1	0	19	-7
Interest Paid ⓘ	-5	-3	-7	-8	-5	-3	-4	-3	-6	-7
Dividend Paid ⓘ	-0	-1	-1	-2	-2	-0	-1	-1	-1	-1
Others ⓘ	-6	23	-2	-8	-8	2	-0	11	4	18
Net Cash Flow ⓘ	3	-7	2	-2	-0	-1	2	-1	-0	0

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	1.13	3.49	6.29	6.38	-6.48	-1.74	3.08	-0.2	5.7	9.69
ROCE (%)	4.92	5.9	9.36	10.49	-1.89	0.77	5.95	3.79	8.9	12.26
Asset Turnover Ratio	1.28	1.16	1.13	1.24	0.98	1	1.37	1.49	1.25	1.1
PAT to CFO Conversion(x)	19	5	1.71	4.29	N/A	N/A	3.67	N/A	2	2.75
Working Capital Days
Receivable Days	87.10	89.40	90.70	92.60	119.70	124.80	103.50	101.40	105.40	110
Inventory Days	50.90	59.40	64	61.40	80.20	85.90	69.40	66	79.70	87.40
Payable Days	126.90	143.50	132	124.60	146.50	139	96.90	94.60	144.50	157.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kalyani Forge Ltd FAQs

The current trading price of Kalyani Forge on 10-Jun-2026 16:59 is ₹600.0.

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 09-Jun-2026 the market cap of Kalyani Forge stood at ₹214.6 Cr

The latest P/E ratio of Kalyani Forge as of 09-Jun-2026 is 23.04.

The latest P/B ratio of Kalyani Forge as of 09-Jun-2026 is 2.22.

The 52-week high of Kalyani Forge is ₹847.0 and the 52-week low is ₹504.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalyani Forge is ₹235 ( Cr.) .

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

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

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.

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

Kalyani Forge Ltd (KALYANIFRG)

Kalyani Forge Ltd (KALYANIFRG)

Kalyani Forge stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Kalyani Forge - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kalyani Forge Ltd FAQs

About Kalyani Forge Ltd

About MoneyWorks4Me

Our Vision

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Kalyani Forge Ltd (KALYANIFRG)

Kalyani Forge Ltd (KALYANIFRG)

Kalyani Forge stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Kalyani Forge - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kalyani Forge Ltd FAQs

What is the share price of Kalyani Forge?

What is the market cap of Kalyani Forge?

What is the P/E ratio of Kalyani Forge?

What is the P/B ratio of Kalyani Forge?

What is the 52-week high and low of Kalyani Forge?

What is the TTM revenue of Kalyani Forge?

Is Kalyani Forge Ltd a good quality company?

Is Kalyani Forge Ltd undervalued or overvalued?

Is Kalyani Forge Ltd a good buy now?

About Kalyani Forge Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.