Kalyani Forge Limited

Capital Goods

NSE: KALYANIFRG BSE: 513509

₹991.05

Sept. 30, 2026 · NSE · nse_bhavcopy

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹466 Cr

EV / EBITDA

12.9x

EV / Sales

1.96x

Market cap / Sales

1.52x

Earnings yield

3.44%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 67 Cr, up 3.9% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	67	6	4	₹12.3100
March 31, 2026	57	6	6	₹16.1700
Dec. 31, 2025	58	4	-0	₹-0.3300
Sept. 30, 2025	56	2	2	₹5.9100
June 30, 2025	64	2	1	₹3.8700
March 31, 2025	59	3	2	₹
Dec. 31, 2024	59	3	2	₹5.0000
Sept. 30, 2024	62	5	4	₹10.7800
June 30, 2024	57	1	0	₹0.9600
March 31, 2024	57	1	1	₹1.9400
Dec. 31, 2023	60	2	2	₹4.1600
Sept. 30, 2023	61	1	1	₹3.5800
June 30, 2023	59	2	1	₹2.8350

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	67	59	58	56	65	59	59	63	58	58	61	62	60
Operating revenue	67	57	58	56	64	59	59	62	57	57	60	61	59
Other income	0	2	0	1	0	0	1	1	1	1	2	1	0
Operating expenses	56	50	49	49	58	53	53	55	53	55	57	56	54
Operating profit	11	7	9	7	6	6	6	8	4	2	3	5	5
Operating profit margin	15.9%	11.8%	15.1%	11.8%	9.3%	10.8%	10.4%	12.5%	6.7%	3.1%	4.8%	7.7%	8.6%
Depreciation	3	3	2	2	2	2	2	2	2	0	1	3	3
Interest	2	0	3	2	2	2	2	2	1	1	2	1	1
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	6	6	4	2	2	3	3	5	1	1	2	1	2
Tax	2	0	4	0	1	0	1	1	1	0	0	-0	1
Net profit	—	—	-0	2	1	2	2	4	0	1	2	1	1
EPS	12.31	16.17	-0.33	5.91	3.87	—	5.00	10.78	0.96	1.94	4.16	3.58	2.84
Net profit (TTM)	—	—	6	8	9	8	7	6	4	5	5	6	3
EPS (TTM)	34.06	25.62	—	—	—	—	18.68	17.84	10.64	12.52	12.67	16.14	9.59

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	235	14	9
March 31, 2025	237	12	8
March 31, 2024	237	6	5
March 31, 2023	267	5	4

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	-4.5%	5.5%	238^†	239^†	241^†	274^†	248^†	182^†	204^†	293^†	272^†	231^†
Operating revenue	-4.2%	5.4%	235	237	237	267	247^†	181^†	201^†	286^†	265^†	227^†
Other income	—	—	4^†	3^†	4^†	7^†	1^†	1^†	3^†	6^†	7^†	4^†
Operating expenses	—	—	207^†	213^†	222^†	252^†	228^†	169^†	193^†	261^†	244^†	208^†
Operating profit	24.6%	18.3%	28^†	24^†	14^†	14^†	19^†	12^†	8^†	26^†	21^†	19^†
Operating profit margin	—	—	11.9%^†	10.1%^†	6.1%^†	5.4%^†	7.6%^†	6.7%^†	4.2%^†	9.0%^†	8.1%^†	8.4%^†
Depreciation	—	—	10^†	8^†	7^†	11^†	12^†	13^†	14^†	15^†	13^†	10^†
Interest	—	—	8^†	7^†	6^†	3^†	4^†	3^†	5^†	8^†	6^†	3^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	-2^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	41.6%	—	14	12	6	5	4^†	-2^†	-8^†	10^†	9^†	7^†
Tax	—	—	5^†	3^†	1^†	1^†	1^†	-0^†	-1^†	3^†	3^†	2^†
Net profit	37.2%	—	9	8	5	4	3^†	-2^†	-7^†	7^†	7^†	5^†
EPS	37.2%	—	25.62^†	—	12.52^†	9.92^†	8.61^†	-4.85^†	-19.04^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	11.9%^†	10.1%^†	6.1%^†	5.4%^†	7.6%^†	6.7%^†	4.2%^†	9.0%^†	8.1%^†	8.4%^†
EBIT margin	9.4%^†	7.9%^†	4.9%^†	3.2%^†	3.1%^†	0.4%^†	-1.4%^†	6.0%^†	5.9%^†	4.5%^†
PBT margin	6.1%	4.9%	2.4%	1.9%	1.6%^†	-1.1%^†	-4.1%^†	3.4%^†	3.5%^†	3.0%^†
Net margin	4.0%	3.5%	1.9%	1.4%	1.3%^†	-1.0%^†	-3.4%^†	2.4%^†	2.5%^†	2.0%^†
Interest coverage	2.88x^†	2.65x^†	1.95x^†	2.50x^†	2.11x^†	0.26x^†	-0.52x^†	2.27x^†	2.45x^†	2.94x^†
Dividend payout	15.6%^†	—	24.0%^†	30.2%^†	17.4%^†	—	—	—	—	—
Earnings retention	84.4%^†	—	76.0%^†	69.8%^†	82.6%^†	—	—	—	—	—
Current ratio	1.32x	1.23x	—	—	—	—	—	—	—	—
Quick ratio	1.00x	0.75x	—	—	—	—	—	—	—	—
Debt to equity	1.11x	—	—	—	—	—	—	—	—	—
Return on equity	9.8%	—	—	—	—	—	—	—	—	—
Return on assets	3.7%	3.6%	—	—	—	—	—	—	—	—
Return on capital employed	15.8%^†	17.0%^†	—	—	—	—	—	—	—	—
Asset turnover	0.93x	1.03x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	7	-33	25	33	-26
March 31, 2025	22	-24	3	24	-3
March 31, 2024	10	-26	16	26	-16
March 31, 2023	-2	-6	8	0	-2
March 31, 2022	11	-4	-5	0	11

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	251	96	92	71	35	148	112	0	86	35
March 31, 2025	230	—	—	—	—	148	121	1	60	57
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.