| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 66.8 | 64.1 | +4.2% |
| EBITDA | 10.6 | 5.9 | +78.5% |
| EBITDA margin | 15.9% | 9.3% | +6.6 pts |
| Profit before tax | 6.2 | 2.0 | +203.8% |
| Net profit | 4.5 | 1.4 | +218.5% |
| EPS | ₹12.31 | ₹3.87 | +218.1% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 261 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.2 | 0.2 | 1.0 | 0.9 | 1.0 | ||
| 106 | 106 | 71.6 | 60.9 | 38.2 | ||
| 366 | — | — | — | — | ||
| 237 | 235 | 237 | 237 | 267 | ||
| — | −0.8% | −0.1% | −11.2% | — | ||
| 32.7 | 28.0 | 24.0 | 13.9 | 14.5 | ||
| 13.8% | 11.9% | 10.1% | 5.9% | 5.4% | ||
| 22.2 | 18.5 | 16.1 | 7.6 | 3.3 | ||
| 12.4 | 9.3 | 8.3 | 4.6 | 3.6 | ||
| 5.2% | 4.0% | 3.5% | 1.9% | 1.4% | ||
| ₹34.05 | ₹25.60 | ₹22.85 | ₹12.51 | ₹9.92 | ||
| — | +12.1% | +82.7% | +26.1% | — | ||
| — | 7.5 | 25.2 | 10.0 | −2.5 | ||
| — | −33.1 | −24.3 | −26.0 | 0.0 | ||
| −25.7 | −25.7 | 0.9 | −16.0 | −2.5 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 261.1 | |
| - Cash, Equiv & ST Investments | 1.0 | 0.9 | 1.0 | 0.2 | 0.2 | |
| + Total Debt | 38.2 | 60.9 | 71.6 | 105.6 | 105.6 | |
| Enterprise Value | — | — | — | — | 366.5 | |
| Revenue | 266.7 | 236.8 | 236.6 | 234.6 | 237.3 | |
| Growth %, YoY | — | -11.2 | -0.1 | -0.8 | — | |
| EBITDA | 14.5 | 13.9 | 24.0 | 28.0 | 32.7 | |
| Margin % | 5.42 | 5.85 | 10.14 | 11.93 | 13.77 | |
| EBIT | 3.3 | 7.6 | 16.1 | 18.5 | 22.2 | |
| Net Income | 3.6 | 4.6 | 8.3 | 9.3 | 12.4 | |
| Margin % | 1.35 | 1.92 | 3.51 | 3.97 | 5.22 | |
| EPS, Adj (current shares) | 9.92 | 12.51 | 22.85 | 25.60 | 34.05 | |
| Growth %, YoY | — | +26.1 | +82.7 | +12.1 | — | |
| Cash from Operations | -2.5 | 10.0 | 25.2 | 7.5 | — | |
| Capital Expenditures | -0.0 | -26.0 | -24.3 | -33.1 | — | |
| Free Cash Flow | -2.5 | -16.0 | 0.9 | -25.7 | -25.7 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Kalyani Forge (NSE: KALYANIFRG) had a market capitalisation of ₹296 crore at the 30 October 2026 close (₹814.65 a share), a PE ratio of 23.9 on the last four quarters' profit and a price-to-book ratio of 3.10. In FY26 its consolidated net profit was ₹9.3 crore on revenue of ₹235 crore; in Q1 FY27 (April–June 2026) it was ₹4.5 crore, up 218.5% year on year. Its debt-to-equity ratio was 1.11 on 31 March 2026. Promoters held 58.76% of the shares on 30 September 2026.
Kalyani Forge's PE ratio is 23.9 at the 30 October 2026 close (₹814.65 a share): a market capitalisation of ₹296 crore divided by consolidated net profit of ₹12.4 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹9.3 crore) it is 31.8.
Kalyani Forge's debt-to-equity ratio was 1.11 on 31 March 2026: borrowings of ₹106 crore against total equity of ₹95.5 crore. A year earlier, on 31 March 2025, it was 0.80.
Kalyani Forge's net worth — shareholders' equity in its consolidated balance sheet — was ₹95.5 crore on 31 March 2026, up 6.5% from ₹89.7 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹296 crore at the 30 October 2026 close.
Kalyani Forge's price-to-book (PB) ratio is 3.10 at the 30 October 2026 close: a market capitalisation of ₹296 crore divided by shareholders' equity (book value) of ₹95.5 crore on 31 March 2026. That is a book value of ₹262.56 per share against a share price of ₹814.65.
In FY26, Kalyani Forge's return on equity (ROE) was 10.1% and its return on capital employed (ROCE) was 14.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 9.7% and ROCE 14.7%.
Kalyani Forge's book value per share was ₹262.56 on 31 March 2026: shareholders' equity of ₹95.5 crore divided by the 36.39 lakh shares in issue, up 6.5% from ₹246.46 a year earlier. The share price at the 30 October 2026 close was ₹814.65.
Kalyani Forge's market capitalisation was ₹296 crore at the 30 October 2026 close: 36.39 lakh shares at ₹814.65 each.
Kalyani Forge's basic earnings per share (EPS) were ₹25.60 in FY26, against ₹22.86 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹34.06.
In 2026, Kalyani Forge has declared one dividend: ₹4 with record date 21 August 2026.
No. Kalyani Forge had borrowings of ₹106 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.11. Its cash and current investments were ₹2.3 crore, so its net debt was ₹103 crore.
Kalyani Forge's dividend yield is 0.49% at the 30 October 2026 close: dividends of ₹4 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹814.65. They were ₹4 on 21 August 2026.
Promoters held 58.76% of Kalyani Forge on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Kalyani Forge's shares were held by promoters 58.76%, domestic institutions (DII) 0.56% and retail and other non-institutional investors 40.68%.
In FY26, Kalyani Forge generated ₹7.5 crore of cash from operations and spent ₹33.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹25.7 crore. In FY25 it was ₹86 lakh.
Kalyani Forge's latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹4.5 crore, up 218.5% from ₹1.4 crore in Q1 FY26; revenue from operations ₹66.8 crore, up 4.2% year on year.
In FY26 (April 2025–March 2026), Kalyani Forge's consolidated net profit was ₹9.3 crore, up 12.1% from ₹8.3 crore in FY25, on revenue from operations of ₹235 crore (down 0.8%). Over three years, from FY23, net profit was up 158.2%.
Kalyani Forge has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
At the 30 October 2026 closing prices, on FY26 net profit, Kalyani Forge's PE ratio is 31.8, the second highest of the four: Hilton Metal Forging 23.6, Synergy Green Industries 185.8 and Nelcast 23.8, a peer average of 77.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Hilton Metal Forging, Synergy Green Industries and Nelcast: Kalyani Forge's operating margin of 7.9% is the highest of the four (Hilton Metal Forging 3.9%, Synergy Green Industries 5.2%, Nelcast 6.3%; peer average 5.1%); its return on equity of 10.1% is the highest of the four (Hilton Metal Forging 2.6%, Synergy Green Industries 4.2%, Nelcast 8.4%; peer average 5.1%).
In FY26, Kalyani Forge earned net profit of ₹9.3 crore on revenue of ₹235 crore, against ₹3.4 crore on ₹230 crore for Hilton Metal Forging. Kalyani Forge's operating margin was 7.9% (Hilton Metal Forging 3.9%) and its return on equity 10.1% (Hilton Metal Forging 2.6%). At the 30 October 2026 close, Kalyani Forge's market capitalisation was ₹296 crore against ₹81.4 crore for Hilton Metal Forging, and its PE ratio on FY26 profit 31.8 against 23.6.
From Kalyani Forge's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.