Kalyani Forge Limited
NSE: KALYANIFRGINE314G01014·Capital GoodsSeries BE·www.kalyaniforge.co.in ↗·Mcap ₹350 Cr·Listed 2007
₹974.25▲ ₹37.30  (3.98%)
52W: ₹524 – ₹1,192 · Vol: 2.7K shares · Close 25 Sept
Set Alert

Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q4 FY17
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19Q3 FY19Q2 FY19Q1 FY19Q4 FY17
Revenue from operations66.85757.955.764.15958.662.356.756.859.760.959.364.473.558.666.461.262.95666.956.14017.846.634.153.866.665.972.278.270.169.2
Other income0.32.30.40.60.40.40.70.50.91.21.80.60.31.91.91.80.80.20.10.30.10.70.40.30.30.60.81.13.811.60.13
Total expenses60.953.154.35462.556.756.658.156.256.959.860.45863.675.459.866.560.461.655.465.95543.120.35338.153.966.868.369.976.868.266.9
EBITDA10.66.78.86.65.96.46.17.83.81.22.94.75.14.31.62.744.75.54.54.75.40.71.3−2.10.54.85.23.87.37.37.47.6
EBITDA margin15.9%11.8%15.1%11.8%9.3%10.8%10.4%12.5%6.7%2.1%4.8%7.7%8.6%6.7%2.2%4.6%6.0%7.7%8.8%8.0%7.0%9.6%1.7%7.3%-4.4%1.4%8.8%7.8%5.8%10.0%9.3%10.6%10.9%
Finance costs1.70.22.72.42.32.121.61.41.51.71.41.210.60.71.10.81.10.70.51.20.60.51.11.11.31.92.41.12.21.81.6
Depreciation32.62.52.4222.11.91.8−0.31.32.72.52.533.133.13.13.13.23.23.23.33.33.43.63.63.83.83.83.73.6
Profit before tax6.26.13.92.322.62.84.81.41.21.61.11.72.7−1.80.70.711.50.91.11.7−2.7−2.2−6.2−3.40.60.81.43.3325.3
Tax1.70.24.10.10.60.410.910.50.1−0.20.72−0.8−0.5−0.10.50.40.11.5−0.8−0.5−0.5−1−0.70.20.301.40.60.61.3
Net profit4.55.9−0.12.21.42.21.83.90.30.71.51.310.8−1.11.20.80.51.10.8−0.42.6−2.3−1.7−5.2−2.70.40.51.31.92.31.44
Net margin6.7%10.3%-0.2%3.9%2.2%3.8%3.1%6.3%0.6%1.2%2.5%2.1%1.7%1.2%-1.5%2.0%1.2%0.8%1.7%1.4%-0.5%4.6%-5.7%-9.4%-11.1%-7.8%0.7%0.8%2.0%2.7%3.0%2.0%5.8%
EPS (₹)12.3116.17-0.335.913.876.125.0010.780.961.944.163.582.842.09-2.973.172.091.333.002.19-0.997.05-6.294.62-14.20-7.291.081.373.675.286.383.8411.02
Net profit YoY+218.5%+164.1%−106.5%−45.2%+304.6%+215.8%+20.2%+201.5%−66.3%−7.2%–+220.6%−10.6%−0.6%−199.0%+44.1%+312.4%−81.5%+147.6%+147.6%+93.0%+196.9%−687.2%−436.0%−488.7%−238.0%−83.1%−64.3%–––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19FY17
Revenue from operations23523723726724718120128660.8
Other income3.62.53.971.31.52.76.53.1
Total expenses22422823526724418421228365
EBITDA282413.914.518.712.18.425.8−1.1
EBITDA margin11.9%10.1%5.9%5.4%7.6%6.7%4.2%9.0%-1.8%
Finance costs7.775.93.43.62.85.47.60.5
Depreciation9.57.96.211.212.312.813.9152.6
Profit before tax14.411.65.65.14−2.1−8.19.6−1.1
Tax5.13.31.11.50.9−0.3−1.22.7−0.3
Net profit9.38.34.63.63.1−1.8−6.97−0.8
Net margin4.0%3.5%1.9%1.4%1.3%-1.0%-3.4%2.4%-1.3%
EPS (₹)25.6022.8612.519.298.61-4.84-19.0519.14-0.05
Net profit YoY+12.1%+82.7%+26.1%+15.2%+278.0%+74.6%−199.6%––
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow7.521.810−2.511.1
Investing cash flow−33.2−24.3−25.8−5.8−4.1
Financing cash flow24.92.615.77.5−5.2
Capital expenditure33.124.32600
Free cash flow (CFO − capex)−25.7−2.5−16−2.511.1

Net profit trend

annual, ₹ crore
FY21
₹−1.8
FY22
₹3.1+278%
FY23
₹3.6+15%
FY24
₹4.6+26%
FY25
₹8.3+83%
FY26
₹9.3+12%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Standalone11 Aug 2026PDF on NSE XBRL
Q4 FY26Standalone · audited28 May 2026PDF on NSE XBRL
Q3 FY26Standalone11 Feb 2026PDF on NSE XBRL
Q3 FY26Standalone–PDF on NSE XBRL
Q2 FY26Standalone13 Nov 2025 PDF XBRL
Q1 FY26Standalone13 Aug 2025PDF on NSE XBRL
Q4 FY25Standalone · audited–PDF on NSE XBRL
Q4 FY25Standalone · audited27 May 2025PDF on NSE XBRL
Q3 FY25Standalone11 Feb 2025PDF on NSE XBRL
Q2 FY25Standalone12 Nov 2024PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 24.6×28.6×
P/B5Y avg 1.72×3.71×
ROEFY26, on average equity10.1%
Net margin4.0%
Debt / equity1.11×
Revenue CAGR (3Y)-4.2%
Profit CAGR (3Y)37.2%
EPS (TTM)₹34.05
Market cap₹355 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.71×
vs 8-point avg 1.72× (+115%)
0.70× low1.72× avg3.71× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹251 Cr+9%
Net worth₹96 Cr+7%
Total borrowings₹106 Cr
Cash & bank balances₹0 Cr−77%
Investments₹0 Cr−100%
Inventories₹35 Cr−38%
Trade receivables₹103 Cr+27%
Trade payables₹29 Cr−44%
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter58.7658.7658.7658.7658.7358.7158.7158.7158.7158.7158.7158.71
Retail18.9419.0819.1919.0819.0519.0019.0119.0419.3019.0019.0821.54
Other public22.3022.1622.0522.1622.2222.2922.2822.2521.9922.2922.2119.75
7,424 shareholders · NSE shareholding pattern filings.