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Kalyani Steels Ltd. Stock Analysis

Small Cap
Evaluated by 906 users | BSE: 500235 | NSE: KSL |
Steel & Iron Products
Kalyani Steels (KSL), incorporated in 1973 is a part of the over $2.1 billion Kalyani Group. KSL’s corporate headquarters are located in Pune.It is leading manufacturer of forging and engineering quality carbon and alloy steels using the Blast Furnace route. KSL is supplier for...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.04%6.78%7.5%14.12%15.38%16.02%16.95%12.57%13.49%16.8%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,2379778091,1161,2271,1801,2571,3451,4071,199
Y-o-Y Gr. Rt.--21%-17.2%37.9%10%-3.8%6.5%7%4.6%-14.8%
Adjusted EPS (Rs.) 12.635.465.7715.5420.5127.6334.5225.8927.7234.74
Y-o-Y Gr. Rt.--56.8%5.7%169.3%32%34.7%24.9%-25%7.1%25.3%
Book Value per Share (Rs.) 73.6277.5181.2291.13109.02135.04160.75179.75204220.8
Adjusted Net Profit 55.123.825.267.889.5121151113121152
Net Op. Cash Flow (Rs. Cr.) 36.799.813239.3114161152191286240
Debt to Cash Flow from Ops 72.281.295.251.922.041.570.880.060
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Kalyani Steels Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -0.4%-0.5%-1.6%-14.8%
Adjusted EPS 11.9%11.1%0.2%25.3%
Book Value per Share 1315.211.28.2
Share Price 22.7% 9.3% -14% 7.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 18.437.227.2718.0320.4922.6423.3415.2114.4416.35
Operating Profit Margin (%) 8.35.29.712.7114.3720.7822.8715.1115.118.23
Net Profit Margin (%) 4.462.443.116.087.310.2211.988.48.612.65
Debt to Equity 0.80.670.480.520.460.560.340.220.020
Working Capital Days 120144159139141133152156133137
Cash Conversion Cycle 50745235385065737272
Entity Percentage Holding
Promoters 64.71%
Institutions 7.50%
Non-Institutions 27.79%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Kalyani Steels Ltd.'s performance infers:

Kalyani Steels Ltd. earnings have grown by 11.1%, whereas share price has appreciated 9.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Kalyani Steels Ltd. share prices over the last 10 years. Here is what we found out:

Kalyani Steels Ltd. share price has appreciated 8.3% annually over the past ten years.

Kalyani Steels (KSL), incorporated in 1973 is a part of the over $2.1 billion Kalyani Group. KSL’s corporate headquarters are located in Pune.

It is leading manufacturer of forging and engineering quality carbon and alloy steels using the Blast Furnace route. KSL is supplier for engineering, automotive, seamless tube and primary aluminium industry.

Over the years, Kalyani Steels has been continuously upgrading its technology and infrastructure. The facilities at KSL are at par

Kalyani Steels (KSL), incorporated in 1973 is a part of the over $2.1 billion Kalyani Group. KSL’s corporate headquarters are located in Pune.

It is leading manufacturer of forging and engineering quality carbon and alloy steels using the Blast Furnace route. KSL is supplier for engineering, automotive, seamless tube and primary aluminium industry.

Over the years, Kalyani Steels has been continuously upgrading its technology and infrastructure. The facilities at KSL are at par with any sophisticated steel manufacturers in the world.In 1997, the Kalyani Group set up a new plant to manufacture steel using the less power intensive mini-blast furnace route. The new facility is at Ginigera in the Hospet-Bellary region of Karnataka state, where iron ore is abundantly available. This integrated steel complex has capacity of 400,000 tpa of carbon and alloy steels, which is being expanded to 650,000 tpa.

Although the forging industry in India is the primary market for the company’s products, markets of various components for commercial vehicles, two wheelers, diesel engines, bearings, tractors, turbines and rail also form a substantial part of the company’s clientele.

The company has national and international clients like Alcan Iceland, Caterpillar Inc, Ford, Volvo, Ashok Leyland, Jindal Saw, Automobile Axles, Indian Railway and Tata Motors, among others. 

Products

KSL has earned the status of preferred steel supplier for engineering, automotive, seamless tube and primary aluminum industry.

Steels- KSL manufactures wide range of steel of different grades. It manufactures carbon alloy and special steel for automobile, oil engine manufacturing and forging sectors, seamless tubes and low electrical resistively steel for primary aluminium industry.

Pig iron- It manufactures pig iron catering to industries like steel making, casting and aluminium.

Awards/recognition

It is an ISO 9001-2000, ISO 14001 & TS 16949 :2002 certified company

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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