Kalyani Steels Ltd Stock Analysis

BSE: 500235 | NSE: KSL | Steel & Iron Products | Small Cap

BSE Share Price 23-Sep-2022 18:01
326.55 -5.70 (-1.72%)

DeciZen - Make an Informed Decision on Kalyani Steels

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Kalyani Steels Price Chart

P/E Ratio (SA) :
7.25
Market Cap :
1,425.5 Cr.
52-wk low :
263.7
52-wk high :
408
Bole Toh?

1. Is Kalyani Steels Ltd a good quality company?

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

2. Is Kalyani Steels Ltd 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 Fair zone.

3. Is Kalyani Steels Ltd a good buy now?

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

10 Year X-Ray of Kalyani Steels:

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 Steels Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.5%14.1%15.4%16%17%12.6%13.5%16.8%16.7%16.7%-
Value Creation Index -0.50.00.10.10.2-0.1-0.00.20.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8091,1161,2271,1801,2571,3451,4071,1991,1881,7061,809
YoY Gr. Rt. %-37.9%10%-3.8%6.5%7%4.6%-14.8%-0.9%43.6%-
Adj EPS 5.815.520.527.634.525.927.734.742.655.745
YoY Gr. Rt. %-169.3%32%34.7%24.9%-25%7.1%25.3%22.5%30.8%-
BVPS (₹) 81.291.1109135160.8179.8204220.8264.4313.2318.7
Adj Net Profit 25.267.889.5121151113121152186243197
Cash Flow from Ops. 13239.311416115219128625762.4362-
Debt/CF from Ops. 1.35.31.921.60.90.102.70.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.6%6.3%6.7%43.6%
Adj EPS 28.6%10%26.2%30.8%
BVPS 16.214.315.418.5
Share Price 19.4% -4.1% 18.6% -15.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 7.31820.522.623.315.214.416.417.519.314.3
Op. Profit Mgn % 9.712.714.420.822.915.115.118.222.219.915.4
Net Profit Mgn % 3.16.17.310.2128.48.612.715.614.210.9
Debt to Equity 0.50.50.50.60.30.2000.20.3-
Working Cap Days 1591391411331521561331371371190
Cash Conv. Cycle 523538506573727257560

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 26.15%

Sales growth is good in last 4 quarters at 24.81%

Return on Equity has declined versus last 3 years average to 14.30%

Sales growth has been subdued in last 3 years 6.65%

Latest Financials - Kalyani Steels Ltd.

Standalone Consolidated
TTM EPS (₹) 45 55.9
TTM Sales (₹ Cr.) 1,809 1,706
BVPS (₹.) 318.7 313.3
Reserves (₹ Cr.) 1,369 1,346
P/BV 1.02 1.04
PE 7.25 5.85
From the Market
52 Week Low / High (₹) 263.70 / 408.00
All Time Low / High (₹) 1.57 / 525.00
Market Cap (₹ Cr.) 1,425
Equity (₹ Cr.) 21.8
Face Value (₹) 5
Industry PE 7

Management X-Ray of Kalyani Steels :

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 Steels

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Kalyani Steels Ltd

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

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