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Prices as of 8 Oct 2026 close · Not investment advice

Kalyani Steels Limited

NSE: KSLIron & Steel Products

Share price

₹945.05

+1.33% close of 8 Oct 2026

Market cap ₹4,158 CrP/E 15.3

Business score

How strong the business is, in one number. The parts behind it are in Pro.

58

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4,158 Cr

P/E ratio

15.3

P/B ratio

2.0

ROCE

14.8%

ROE

13.2%

Dividend yield

1.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹998.2552-week low ₹577.75

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 4.9% over the past year. Meanwhile what it keeps of every 100 rupees of sales improved from 19.3% to 19.7% over the last year.

Whether it grew faster than its sector

It grew -5.5% a year against a sector median of 10.6% — 16.1 percentage points slower.

Room to re-rate, or risk of de-rating

At 15.3× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 30.3×, across 5 companies. It is against its own five-year median of 12.1×, the 88th percentile of its own range.

Whether growth justifies the valuation

It has no steady three-year profit record yet, so growth cannot be weighed against the price.

Profit growthPrice per ₹1 profitPer 1% growth
Kalyani Steels Limited — this one—15.3×—
Welspun Corp Limited119%/yr30.3×—
APL Apollo Tubes Limited23%/yr46.5×₹2.0
Shyam Metalics and Energy Limited9%/yr26.4×₹2.9
Ratnamani Metals & Tubes Limited-1%/yr39.9×—
Jindal Saw Limited14%/yr26.5×₹1.9

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel Products), it ranks 29 of 70 on returns, 61 of 68 on growth, 8 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 14.8% on capital, ahead of 59% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1270 crore of cash from the business, spent ₹853 crore on plant and equipment, and returned ₹21 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 121 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being paid 11 days before it paid its own suppliers to waiting 17 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 7 Aug 2026 · Consolidated · Unaudited

Revenue

₹465 Cr

Revenue vs last year

+4.9%

Revenue vs last quarter

-4.0%

Net profit

₹68 Cr

Profit vs last year

+10.1%

Profit vs last quarter

-5.2%

Net margin

14.7%

EPS

₹15.63

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹4,158 Cr
Prev close
₹945.05
52w High
₹1,033
52w Low
₹574
Enterprise value
₹3,808 Cr
Beta
1.3
Price CAGR 1y
18.0%
Price CAGR 3y
24.0%
Price CAGR 5y
19.0%
Price CAGR 10y
11.0%

Ratios

Return on assets
8.6%
PEG ratio
—
P/E ratio
15.3
P/B ratio
2.0
EV / EBITDA
10.4
Industry P/E
24.9
ROCE
14.8%
ROCE 5y average
19.3%
ROE
13.2%
Debt / Equity
0.2
Interest coverage
39.7
Dividend yield
1.1%
ROE 3y average
14.0%
ROE last year
13.0%

Annual P&L

Annual revenue
₹1,846 Cr
Annual profit
₹258 Cr
Operating margin
20.0%
Net profit margin
14.0%
EBITDA margin
19.6%
Sales growth 3y
2.7%
Sales growth 5y
9.0%
Profit growth 3y
—
Profit growth 5y
7.0%
EPS
₹59.1
Sales growth TTM
-5.0%
Profit growth TTM
2.0%
Dividend payout
17.0%

Quarter P&L

Sales latest quarter
₹465 Cr
Profit latest quarter
₹68 Cr
YoY quarterly sales growth
4.9%
YoY quarterly profit growth
9.7%
OPM latest quarter
19.7%

Balance Sheet

Book Value
₹478
Face Value
₹5.0
Total debt
₹475 Cr
Total cash
₹825 Cr
Borrowings
₹475 Cr
Reserves / Equity
94.7

Cash Flow

Operating cash flow
₹141 Cr
Free cash flow
₹80 Cr
FCF yield
1.7%
Net cash flow
-₹6 Cr

Shareholding

Promoter holding
64.7%
FII holding
1.8%
DII holding
11.5%
Public holding
22.1%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Welspun Corp2,601.0529.768,6130.181,047.9198.64,081.114.922.9
APL Apollo Tubes2,101.9547.558,3620.40263.110.95,606.78.431.8
Shyam Metalics1,059.0026.329,5600.42350.718.15,455.123.413.0
Jindal Saw277.2527.117,7300.7290.8-75.44,452.39.010.4
Ratnamani Metals2,492.0039.817,4670.40107.0-37.7971.6-15.617.9
Usha Martin512.4528.715,6170.73142.040.71,033.016.419.5
Godawari Power211.7017.414,2520.47222.42.71,750.532.320.5
Kalyani Steels910.7514.73,9761.0968.310.7464.64.914.8
Median170.7223.11,0480.0014.328.3213.216.613.0

Competes with: APL Apollo Tubes Limited, Gallantt Ispat Limited, Godawari Power And Ispat limited, Jindal Saw Limited, Ratnamani Metals & Tubes Limited, Shyam Metalics and Energy Limited, Usha Martin Limited, Welspun Corp Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2021Sep 2021Dec 2021Mar 2022Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales390461407449461492484544443456462484465
Expenses294375346352382396401430357371371385373
Material Cost226238242253240
Change in Inventories16-5.51-3.02-8.427.06
Purchases of Stock-in-Trade8.332911113.86
Employee Cost2222232024
Other Expenses85889811099
Operating Profit968661977996831148585929991
OPM %25191522172017211919202020
Other Income1213121513151314151581416
Exceptional items (within Other Income)00-6.73-1.190
Interest3443456432212
Depreciation11111212161616161515141414
Profit before tax938358967290761088384839892
Tax %25262624282525262625262626
Net Profit70624373526756806263627268
EPS in Rs16149.8016121513181414141616
Diluted EPS in Rs1414141616

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2008Mar 2009Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026TTM
Sales9509891,1801,2571,3451,4071,1991,1881,7061,9591,9821,8461,867
Expenses8689781,0049701,1411,1941,0059251,3681,5881,6091,4841,500
Material Cost959
Change in Inventories-0.72
Purchases of Stock-in-Trade58
Employee Cost87
Other Expenses380
Operating Profit8311177287204212194263338371373361367
OPM %91.101523151516222019192020
Other Income57516114172523435249555253
Exceptional items (within Other Income)-7.93
Interest19281210971071326198.648
Depreciation19325252373843444661635756
Profit before tax1022174239175192165255331333346348357
Tax %25-11235353432192525252626
Net Profit884113156115131134190248249256258264
EPS in Rs200.822636263031445657595961
Diluted EPS in Rs59
Dividend Payout %20-0-0-01917161718181717

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
9%
3 years
3%
TTM
-5%

Compounded profit growth

10 years
9%
5 years
7%
3 years
—
TTM
2%

Stock price CAGR

10 years
11%
5 years
19%
3 years
24%
1 year
18%

Return on equity

10 years
—
5 years
—
3 years
14%
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2008Mar 2009Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Equity Capital444422222222222222222222
Reserves5195165676797638689411,1311,3461,6581,8702,083
Borrowings226249327245176255173340596438475
Other Liabilities393307340416320416397324551297403416
Minority Interest0
Total Liabilities1,1821,1151,2561,3621,2801,3321,3641,6502,2582,5732,7322,996
Fixed Assets261256545436437423418382358734678627
CWIP26153777511154381429560
Investments27938218122627235917714414741311
Other Assets6164635276925635437631,1131,5971,4181,6221,798
Total Assets1,1821,1151,2561,3621,2801,3321,3641,6502,2582,5732,7322,996

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2008Mar 2009Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-669816015219128625762362323382141
Cash from Investing Activity-40-66-255-38-77-116-183-226-474-304-135-105
Cash from Financing Activity105-2897-98-105-181-80160123-10-252-42
Net Cash Flow-1321610-12-6-3119-5-6
Free Cash Flow-146817613915826422346187-25335780

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2008Mar 2009Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Debtor Days825010713510280727768787998
Inventory Days10083908153717471829395102
Days Payable1306312014788153184140172679696
Cash Conversion Cycle5370776967-1-397-2210578104
Working Capital Days102713027242611-11-184117
ROCE %1842719201823231615

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters656565656565656565656565
FIIs2.732.712.542.452.112.662.181.761.861.781.821.77
DIIs8.759.3712121211101111111111
Public242321212122232323222222
No. of Shareholders42,75742,13545,77746,15347,17944,04844,42947,21447,08545,85444,84043,550

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +14.9% (₹822.75 → ₹945.05)Brick size ₹40.58 (fixed)Bricks 22
₹600₹800₹1,000₹945Nov '25Apr '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹945.05 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-350inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

13,37,39,638inr

2026-03-31

News

News and filings about Kalyani Steels Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Coking coal / coke / coke fines
  • Ferro alloys
  • Iron ore / iron ore fines / mill scale
  • Limestone / dolomite / flux
  • Steel scrap

Depends on the price of

  • Coking Coal
  • Iron Ore
  • steel

Sells to

  • Bharat Forge Limited · forging & engineering-quality carbon/alloy steel long products
  • Kalyani Technoforge Limited · forging-quality carbon/alloy steel (group company)

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Iron & Steel Products
Classification
Capital Goods › Iron & Steel Products
ISIN
INE907A01026

Plants

  • Hospet Steels integrated steel mill · Hospet / Ginigera, Karnataka
  • Kalyani Steels Mini Blast Furnace facility
  • Kalyani Steels captive power plant
  • Kalyani Steels coke-oven plant with waste-heat power

News impact

Big market events that reach Kalyani Steels Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹10
11 Aug 2025unspecified₹10
14 Aug 2024unspecified₹10
11 Aug 2023unspecified₹10
22 Jul 2022unspecified₹10
26 Aug 2021unspecified₹7.5
12 Mar 2020unspecified₹5
16 Aug 2019unspecified₹5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.