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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 Undervalued zone.
3. Is Kalyani Forge Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kalyani Forge Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 8.7% | 5.1% | 1.4% | 3.2% | 4.6% | 6.5% | 7.2% | -2.2% | 0.5% | 4.2% | - | ||
| Value Creation Index ⓘ | -0.4 | -0.6 | -0.9 | -0.8 | -0.7 | -0.5 | -0.5 | -1.2 | -1.0 | -0.7 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 261 | 205 | 241 | 231 | 227 | 259 | 286 | 201 | 181 | 247 | 269 | ||
| YoY Gr. Rt. % | - | -21.2% | 17.2% | -4.1% | -1.8% | 14% | 10.8% | -29.8% | -10% | 36.4% | - | ||
| Adj EPS ⓘ | 24.1 | 13.2 | -6 | 2.8 | 12.1 | 17.3 | 17.7 | -19.3 | -4.1 | 7.9 | 9.9 | ||
| YoY Gr. Rt. % | - | -45.4% | -145.3% | NA | 337.7% | 43.1% | 2.2% | -209% | NA | NA | - | ||
| BVPS (₹) ⓘ | 272.3 | 282.5 | 267.8 | 268.4 | 280.4 | 293.5 | 306.7 | 280.7 | 275.4 | 283 | 288 | ||
| Adj Net Profit ⓘ | 8.8 | 4.8 | -2.2 | 1 | 4.4 | 6.3 | 6.4 | -7 | -1.5 | 2.9 | 4 | ||
| Cash Flow from Ops. ⓘ | 30.2 | 19.2 | 25.4 | 19.2 | 15.5 | 12.3 | 30 | 24.1 | 7.4 | 11.1 | - | ||
| Debt/CF from Ops. ⓘ | 2.3 | 3.1 | 1.8 | 2.1 | 4.1 | 5.1 | 1.6 | 1.3 | 3.7 | 2.4 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -0.6% | 1.7% | -4.9% | 36.4% | ||||||||
| Adj EPS ⓘ | -11.7% | -8.1% | -23.5% | NA | ||||||||
| BVPS ⓘ | 0.4 | 0.2 | -2.7 | 2.7 | ||||||||
| Share Price | 6.3% | -5.2% | 37.1% | 22% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 9.2 | 4.8 | -2.2 | 1 | 4.4 | 6 | 5.9 | -6.6 | -1.5 | 2.8 | 3.5 | |
| Op. Profit Mgn % ⓘ | 12.6 | 11.5 | 5.5 | 6.8 | 7.1 | 8.3 | 9 | 4.2 | 7.1 | 7.6 | 5.3 | |
| Net Profit Mgn % ⓘ | 3.4 | 2.3 | -0.9 | 0.4 | 1.9 | 2.4 | 2.3 | -3.5 | -0.8 | 1.2 | 1.4 | |
| Debt to Equity ⓘ | 0.7 | 0.6 | 0.5 | 0.4 | 0.6 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 | - | |
| Working Cap Days ⓘ | 155 | 189 | 157 | 165 | 188 | 196 | 181 | 230 | 237 | 187 | 0 | |
| Cash Conv. Cycle ⓘ | 76 | 92 | 76 | 73 | 78 | 86 | 88 | 124 | 138 | 118 | 0 | |
Return on Equity has increased versus last 3 years average to 3.50%
Sales growth has been subdued in last 3 years -4.87%
Net Profit has been subdued in last 3 years -23.53%
Sales growth is not so good in last 4 quarters at 8.85%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.9 | - |
| TTM Sales (₹ Cr.) | 269 | - |
| BVPS (₹.) ⓘ | 288 | - |
| Reserves (₹ Cr.) ⓘ | 101 | - |
| P/BV ⓘ | 0.77 | - |
| PE ⓘ | 22.35 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 158.60 / 293.50 |
| All Time Low / High (₹) | 7.00 / 539.00 |
| Market Cap (₹ Cr.) | 80.8 |
| Equity (₹ Cr.) | 3.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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
Cold forgings
Warm forgings
Machine components
Different divisions of the company are:
Milestones :
Achievements/ recognition:
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