Kalyani Forge balance sheet

As of Mar 2026

Total assets: ₹251cr+9.2% on Mar 2025
Shareholders' equity: ₹95.5cr+6.5% on Mar 2025
Total debt: ₹106cr+47.6% on Mar 2025
Cash and investments: ₹0.2cr−76.6% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	86.5	60.4	55.7	39.1
	10.3	15.0	5.3	3.1
	0.0	—	0.0	0.0
	3.2	0.6	0.6	0.0
	0.0	0.0	0.0	0.0
	0.0	0.0	0.0	0.0
	0.0	1.9	3.6	4.2
	3.8	4.2	3.6	2.2
	104	82.1	68.8	48.6
	35.5	57.2	56.1	70.1
	103	80.8	61.9	76.4
	0.2	1.0	0.9	1.0
	2.0	1.9	5.0	4.4
	—	—	0.2	0.1
	105	83.7	68.0	81.9
	7.4	7.3	11.9	4.7
	148	148	136	157
	251	230	205	206
Equity
	3.6	3.6	3.6	3.6
	91.9	86.0	78.4	102
	95.5	89.7	82.0	105
	95.5	89.7	82.0	105
Liabilities
	34.9	12.2	19.4	0.9
	—	—	7.7	0.0
	34.9	12.2	27.2	0.9
	8.6	7.8	0.0	6.6
	0.3	—	0.0	0.0
	43.8	20.0	27.2	7.5
	70.7	59.3	41.5	37.3
	28.6	51.1	45.6	42.2
	5.8	3.1	2.0	6.6
	105	114	89.1	86.2
	0.3	0.9	0.5	2.2
	6.7	6.2	5.9	4.5
	112	121	95.6	92.8
	156	141	123	100
	251	230	205	206
Assets — additional as-filed lines
	—	—	0.0	0.5
Trade payables — MSME split
	2.9	2.6	—	—
	25.6	48.5	—	—

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

KALYANIFRG₹717.50

Kalyani Forge Limited

· Capital Goods & Defence

₹ CrorePeersHILTON SGIL NELCAST STEELCAS HAPPYFORGEMcap ₹261 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	39.1	55.7	60.4	86.5	86.5
+ Capital Work-in-Progress	3.1	5.3	15.0	10.3	10.3
+ Investment Property	0.0	0.0	—	0.0	0.0
+ Other Intangibles	0.0	0.6	0.6	3.2	3.2
+ Non-current Investments	0.0	0.0	0.0	0.0	0.0
Non-current Financial Assets	0.0	0.0	0.0	0.0	0.0
+ Deferred Tax Assets	4.2	3.6	1.9	0.0	0.0
+ Other Non-current Assets	2.2	3.6	4.2	3.8	3.8
Total Non-current Assets	48.6	68.8	82.1	103.7	103.7
Current Assets
+ Inventories	70.1	56.1	57.2	35.5	35.5
+ Trade Receivables	76.4	61.9	80.8	102.7	102.7
+ Cash & Cash Equivalents	1.0	0.9	1.0	0.2	0.2
+ Other Bank Balances	4.4	5.0	1.9	2.0	2.0
+ Other Current Financial Assets	0.1	0.2	—	—	—
Current Financial Assets	81.9	68.0	83.7	104.9	104.9
+ Other Current Assets	4.7	11.9	7.3	7.4	7.4
Total Current Assets	157.2	136.0	148.2	147.8	147.8
Total Assets	205.8	204.7	230.3	251.5	251.5
Equity
+ Equity Share Capital	3.6	3.6	3.6	3.6	3.6
+ Other Equity / Reserves	101.8	78.4	86.0	91.9	91.9
Equity — Owners of Parent	105.5	82.0	89.7	95.5	95.5
Total Equity	105.5	82.0	89.7	95.5	95.5
Liabilities
+ Borrowings — Non-current	0.9	19.4	12.2	34.9	34.9
+ Other Non-current Financial Liab	0.0	7.7	—	—	—
Non-current Financial Liabilities	0.9	27.2	12.2	34.9	34.9
+ Provisions — Non-current	6.6	0.0	7.8	8.6	8.6
+ Deferred Tax Liabilities	0.0	0.0	—	0.3	0.3
Non-current Liabilities	7.5	27.2	20.0	43.8	43.8
+ Borrowings — Current	37.3	41.5	59.3	70.7	70.7
+ Trade Payables	42.2	45.6	51.1	28.6	28.6
+ Other Current Financial Liab	6.6	2.0	3.1	5.8	5.8
Current Financial Liabilities	86.2	89.1	113.5	105.1	105.1
+ Provisions — Current	2.2	0.5	0.9	0.3	0.3
+ Other Current Liabilities	4.5	5.9	6.2	6.7	6.7
Current Liabilities	92.8	95.6	120.6	112.1	112.1
Total Liabilities	100.3	122.7	140.6	155.9	155.9
Total Equity & Liabilities	205.8	204.7	230.3	251.5	251.5
Assets — additional as-filed lines
+ Current Tax Assets	0.5	0.0	—	—	—
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	2.6	2.9	2.9
+ Dues to Other Creditors — Current	—	—	48.5	25.6	25.6

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.