Is Kalyani Steels Ltd (KSL) a good quality company?

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

Is Kalyani Steels Ltd (KSL) undervalued or overvalued?

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

What is Kalyani Steels Ltd (KSL) share price return in the past 10 years?

Kalyani Steels Ltd share price has appreciated 18.4% annually (CAGR) over the past ten years.

Is Kalyani Steels Ltd (KSL) a good buy now?

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

What is the share price of Kalyani Steels Ltd (KSL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Kalyani Steels Ltd (KSL) on 04-May-2026 16:59:59 at 16:59 is 885.70.

What is the market cap of Kalyani Steels Ltd (KSL)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-May-2026 at 16:59, the market cap of Kalyani Steels stood at Rs. 3866.35 Cr.

What is the P/E ratio of Kalyani Steels?

The latest standalone P/E ratio of Kalyani Steels as of 04-May-2026 is 14.68.

What is the P/B ratio of Kalyani Steels Ltd (KSL)?

The latest standalone P/B ratio of Kalyani Steels Ltd (KSL) as of 04-May-2026 is 1.90.

What is the 52-week high and low of Kalyani Steels Ltd (KSL)?

The 52-week high of Kalyani Steels Ltd (KSL) is Rs. 988.00 and the 52-week low is Rs. 575.00.

What is the TTM revenue of Kalyani Steels Ltd (KSL)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalyani Steels is Rs. 1905.54 (Cr.).

Kalyani Steels Ltd (KSL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Kalyani Steels Ltd (KSL)
Brand: Kalyani Steels

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 ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	23.1%	26.8%	19.4%	21.4%	18.8%	22.9%	21.7%	13.3%	16.7%	15.6%	-
Value Creation Index ⓘ	0.7	0.9	0.4	0.5	0.3	0.6	0.6	-0.1	0.2	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,180	1,257	1,345	1,407	1,199	1,188	1,706	1,899	1,959	1,982	1,906
Sales YoY Gr.	-	6.5%	7%	4.6%	-14.8%	-0.9%	43.6%	11.3%	3.2%	1.1%	-
Adj EPS ⓘ	27.6	34.5	25.9	27.7	34.7	42.6	55.7	43.7	56.4	58	60.3
YoY Gr.	-	24.9%	-25%	7.1%	25.3%	22.5%	30.8%	-21.5%	29.1%	2.8%	-
BVPS (₹) ⓘ	135	160.8	179.8	204	220.8	264.4	313.2	341.2	387.5	436.3	465.2
Adj Net Profit ⓘ	121	151	113	121	152	186	243	191	246	253	263
Cash Flow from Ops. ⓘ	161	152	191	286	257	62.4	263	-126	317	383	-
Debt/CF from Ops. ⓘ	2	1.6	0.9	0.1	0	2.7	1.7	-4	1.9	1.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.9%	10.6%	5.1%	1.1%
Adj EPS ⓘ	8.6%	10.8%	1.4%	2.8%
BVPSⓘ	13.9%	14.6%	11.7%	12.6%
Share Price	18.4%	19.2%	37.5%	16%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	22.6	23.3	15.2	14.4	16.4	17.5	19.3	13.4	15.5	14.1	13.4
Op. Profit Mgn % ⓘ	20.8	22.9	15.1	15.1	18.2	22.2	19.9	14.7	18.9	18.9	19.8
Net Profit Mgn % ⓘ	10.2	12	8.4	8.6	12.7	15.6	14.2	10.1	12.6	12.8	13.8
Debt to Equity ⓘ	0.6	0.3	0.2	0	0	0.2	0.3	0.3	0.4	0.2	-
Working Cap Days ⓘ	133	152	156	133	137	137	129	150	151	144	116
Cash Conv. Cycle ⓘ	50	66	74	72	72	58	67	97	93	82	45

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 13.40%

Sales growth has been subdued in last 3 years 5.12%

Net Profit has been subdued in last 3 years 1.37%

Sales growth is not so good in last 4 quarters at -1.90%

	Standalone	Consolidated
TTM EPS (₹)	60.3	61
TTM Sales (₹ Cr.)	1,906	1,906
BVPS (₹) ⓘ	465.2	465.7
Reserves (₹ Cr.) ⓘ	2,067	2,011
P/BV ⓘ	1.90	1.90
PE ⓘ	14.68	14.51

From the Market
52 Week Low / High (₹)	575.00 / 988.00
All Time Low / High (₹)	1.57 / 1278.90
Market Cap (₹ Cr.)	3,866
Equity (₹ Cr.)	21.8
Face Value (₹)	5
Industry PE ⓘ	27.4

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,180	1,257	1,345	1,407	1,199	1,188	1,706	1,899	1,959	1,982
Operating Expenses ⓘ +	945	970	1,142	1,195	1,004	925	1,367	1,654	1,588	1,609
Manufacturing Costs	324	230	247	286	232	203	267	286	303	278
Material Costs	443	607	766	789	624	612	967	1,185	1,122	1,146
Employee Cost	83	54	51	56	58	57	60	65	78	83
Other Costs ⓘ	96	79	78	63	89	52	73	117	85	101
Operating Profit ⓘ	235	287	203	212	195	263	339	246	371	373
Operating Profit Margin (%)	19.9%	22.9%	15.1%	15.1%	16.3%	22.2%	19.8%	12.9%	18.9%	18.8%
Other Income ⓘ +	3	14	17	14	23	43	46	56	47	52
Exceptional Items ⓘ	0	0	0	12	0	0	0	0	0	0
Interest ⓘ	12	10	9	7	8	7	13	28	25	19
Depreciation ⓘ	52	52	37	38	43	44	46	49	61	63
Profit Before Tax ⓘ	174	239	175	193	168	255	326	225	333	343
Tax ⓘ	61	83	60	60	31	65	83	58	85	90
Profit After Tax	114	156	115	132	137	190	243	167	247	253
PAT Margin (%)	9.6%	12.4%	8.5%	9.4%	11.4%	16.0%	14.2%	8.8%	12.6%	12.8%
Adjusted EPS (₹)	26.0	35.9	26.3	30.3	31.4	43.6	55.7	38.3	56.7	58.0
Dividend Payout Ratio (%)	0%	14%	19%	16.50%	15.90%	17.20%	18%	26.10%	17.60%	17.30%

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 +	590	702	785	891	964	1,154	1,367	1,489	1,691	1,904
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	22
Reserves ⓘ	568	680	763	869	942	1,132	1,346	1,468	1,670	1,883
Debt +	261	190	126	0	0	168	438	465	513	438
Long Term Debt	110	59	17	0	0	18	190	164	83	0
Short Term Debt	152	131	110	0	0	150	249	301	429	438
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	145	245	185	330	315	235	456	262	206	304
Others Liabilities ⓘ	259	225	182	109	85	92	95	134	174	98
Total Liabilities ⓘ	1,255	1,361	1,278	1,330	1,364	1,650	2,356	2,351	2,584	2,745
Fixed Assets
Net Fixed Assets ⓘ +	488	436	437	422	418	382	358	599	734	678
Gross Block	856	854	892	906	927	935	957	1,246	1,441	1,395
Accumulated Depreciation	368	418	455	484	508	552	598	647	707	717
CWIP ⓘ	0	5	5	5	5	11	154	18	381	429
Investments ⓘ	249	234	280	366	177	144	147	146	145	150
Inventories	109	135	112	154	126	119	218	324	202	215
Trade Receivables	346	465	376	309	236	249	416	405	421	431
Cash Equivalents	7	24	34	38	361	626	974	749	541	704
Others Assets ⓘ	55	62	35	35	41	119	88	109	160	137
Total Assets ⓘ	1,255	1,361	1,278	1,330	1,364	1,650	2,356	2,351	2,584	2,745

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 ⓘ +	161	152	191	286	257	62	263	-126	317	383
PBT ⓘ	174	239	175	193	168	255	326	225	333	343
Adjustment ⓘ	64	56	30	23	38	8	5	38	38	31
Changes in Working Capital ⓘ	-26	-54	49	131	101	-135	21	-325	25	93
Tax Paid ⓘ	-51	-89	-62	-61	-51	-65	-88	-64	-79	-84
Cash Flow From Investing Activity ⓘ +	-255	-38	-77	-117	-183	-226	-470	153	-320	-136
Capex	-97	-13	-33	-22	-34	-16	-171	-111	-576	-25
Net Investments	-172	-30	-53	-103	-156	-240	-337	214	206	-154
Others ⓘ	14	5	9	9	7	30	38	51	49	43
Cash Flow From Financing Activity ⓘ +	97	-98	-105	-181	-80	160	218	-39	12	-252
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	-41	-167
Interest Paid ⓘ	-12	-10	-9	-4	-9	-8	-17	-47	-32	-50
Dividend Paid ⓘ	-0	0	-22	-26	-53	0	-33	-44	-44	-44
Others ⓘ	109	-88	-74	-151	-18	168	268	52	129	8
Net Cash Flow ⓘ	2	16	10	-12	-6	-3	11	-12	9	-5

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	21.32	24.24	15.46	15.76	14.79	17.97	19.27	11.69	15.56	14.07
ROCE (%)	23.11	26.8	19.35	21.39	18.79	22.9	21.68	13.32	16.68	15.61
Asset Turnover Ratio	1.24	1.08	1.05	1.08	0.89	0.79	0.85	0.81	0.79	0.74
PAT to CFO Conversion(x)	1.41	0.97	1.66	2.17	1.88	0.33	1.08	-0.75	1.28	1.51
Working Capital Days
Receivable Days	84.50	104.90	110.60	88.90	82.90	74.50	71.20	78.90	76.90	78.50
Inventory Days	33.30	31.60	32.40	34.50	42.70	37.60	36	52	49	38.40
Payable Days	145.40	116.90	102.50	79.70	85.50	83.60	59.10	47.40	47.60	50.20

About Kalyani Steels Ltd

Kalyani Steels (KSL), incorporated in 1973 is a part of the over $2.1 billion Kalyani Group. KSLâ€™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 companyâ€™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 companyâ€™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

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 Steels Ltd (KSL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Kalyani Steels Share Price