Kalyani Forge enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


309	—	—	—	—	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
415	—	—	—	—
105	105	70.6	60.0	37.2
₹1,140.06	—	—	—	—

201	201	161	143	144
52.5%	52.5%	44.4%	42.6%	26.6%
0.25×	—	—	—	—

1.75×	—	—	—	—
12.70×	—	—	—	—
18.73×	—	—	—	—
237	235	237	237	267
32.7	28.0	24.0	13.9	14.5
22.2	18.5	16.1	7.6	3.3
—	7.5	25.2	10.0	−2.5
−25.7	−25.7	0.9	−16.0	−2.5
—	−28.4	−1.1	−17.1	−3.5
—	33.1	24.3	26.0	0.0

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

alphave

KALYANIFRG₹850.45

Kalyani Forge Limited

· Capital Goods & Defence

₹ CrorePeersHILTON SGIL NELCAST STEELCAS HAPPYFORGEMcap ₹309 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

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	—	—	—	—	309.5
- 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	—	—	—	—	414.9
Net Debt (memo)	37.2	60.0	70.6	105.4	105.4
EV per Share	—	—	—	—	1,140.06

Total Capital	143.7	142.9	161.3	201.2	201.2
Total Debt/Total Capital	26.58	42.62	44.38	52.50	52.50
Total Debt/EV	—	—	—	—	0.25

EV/Sales	—	—	—	—	1.75
EV/EBITDA	—	—	—	—	12.70
EV/EBIT	—	—	—	—	18.73
Reference Items — Trailing FY Values
Sales	266.7	236.8	236.6	234.6	237.3
EBITDA	14.5	13.9	24.0	28.0	32.7
EBIT	3.3	7.6	16.1	18.5	22.2
Operating Cash Flow	-2.5	10.0	25.2	7.5	—
Free Cash Flow	-2.5	-16.0	0.9	-25.7	-25.7
FCFF (free cash flow to the firm)	-3.5	-17.1	-1.1	-28.4	—
Capital Expenditure	0.0	26.0	24.3	33.1	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave

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%.