| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 494 | 456 | +8.4% |
| EBITDA | 107 | 85.4 | +25.5% |
| EBITDA margin | 21.7% | 18.7% | +2.9 pts |
| Profit before tax | 108 | 83.7 | +29.5% |
| Net profit | 79.9 | 62.5 | +27.7% |
| EPS | ₹18.30 | ₹14.33 | +27.7% |
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 |
|---|
| 3,724 | — | — | — | |
| 381 | 76.8 | 14.8 | 57.6 | |
| 0.0 | 0.0 | 0.1 | 0.1 | |
| 475 | 475 | 438 | 596 | |
| 3,818 | — | — | — | |
| 1,906 | 1,846 | 1,982 | 1,959 | |
| — | −6.9% | +1.1% | — | |
| 389 | 361 | 373 | 371 | |
| 20.4% | 19.6% | 18.8% | 18.9% | |
| 334 | 304 | 310 | 310 | |
| 282 | 258 | 256 | 249 | |
| 14.8% | 14.0% | 12.9% | 12.7% | |
| ₹64.43 | ₹58.97 | ₹58.60 | ₹56.89 | |
| — | +0.6% | +3.0% | — | |
| — | 141 | 382 | 302 | |
| — | −61.4 | −25.1 | −560 | |
| 79.3 | 79.3 | 357 | −258 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 3,724.1 | |
| - Cash, Equiv & ST Investments | 57.6 | 14.8 | 76.8 | 381.4 | |
| + Minority Interest | 0.1 | 0.1 | 0.0 | 0.0 | |
| + Total Debt | 596.2 | 437.6 | 475.0 | 475.0 | |
| Enterprise Value | — | — | — | 3,817.7 | |
| Revenue | 1,959.5 | 1,981.9 | 1,845.6 | 1,905.7 | |
| Growth %, YoY | — | +1.1 | -6.9 | — | |
| EBITDA | 371.0 | 373.0 | 361.3 | 389.1 | |
| Margin % | 18.93 | 18.82 | 19.58 | 20.42 | |
| EBIT | 310.3 | 309.6 | 304.2 | 334.4 | |
| Net Income | 248.8 | 256.2 | 257.9 | 281.8 | |
| Margin % | 12.70 | 12.93 | 13.97 | 14.78 | |
| EPS, Adj (current shares) | 56.89 | 58.60 | 58.97 | 64.43 | |
| Growth %, YoY | — | +3.0 | +0.6 | — | |
| Cash from Operations | 301.5 | 381.8 | 140.8 | — | |
| Capital Expenditures | -559.9 | -25.1 | -61.4 | — | |
| Free Cash Flow | -258.4 | 356.7 | 79.3 | 79.3 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Kalyani Steels (NSE: KSL) had a market capitalisation of ₹3,599 crore at the 30 October 2026 close (₹822.95 a share), a PE ratio of 12.8 on the last four quarters' profit and a price-to-book ratio of 1.63. In FY26 its consolidated net profit was ₹258 crore on revenue of ₹1,846 crore; in Q2 FY27 (July–September 2026) it was ₹79.9 crore, up 27.7% year on year. Its debt-to-equity ratio was 0.24 on 30 September 2026. Promoters held 64.70% of the shares on 30 September 2026.
Kalyani Steels' PE ratio is 12.8 at the 30 October 2026 close (₹822.95 a share): a market capitalisation of ₹3,599 crore divided by consolidated net profit of ₹282 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹258 crore) it is 14.0.
No. Kalyani Steels had borrowings of ₹530 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.24. Its cash and current investments were ₹790 crore, so it held net cash of ₹260 crore.
Kalyani Steels' debt-to-equity ratio was 0.24 on 30 September 2026: borrowings of ₹530 crore against total equity of ₹2,209 crore. A year earlier, on 30 September 2025, it was 0.22.
Kalyani Steels' price-to-book (PB) ratio is 1.63 at the 30 October 2026 close: a market capitalisation of ₹3,599 crore divided by shareholders' equity (book value) of ₹2,209 crore on 30 September 2026. That is a book value of ₹505.18 per share against a share price of ₹822.95.
Kalyani Steels' net worth — shareholders' equity in its consolidated balance sheet — was ₹2,209 crore on 30 September 2026, up 12.1% from ₹1,971 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,599 crore at the 30 October 2026 close.
In FY26, Kalyani Steels' return on equity (ROE) was 12.9% and its return on capital employed (ROCE) was 14.7%. 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 14.4% and ROCE 16.6%.
Kalyani Steels' market capitalisation was ₹3,599 crore at the 30 October 2026 close: 4.37 crore shares at ₹822.95 each.
Kalyani Steels' basic earnings per share (EPS) were ₹59.07 in FY26, against ₹58.70 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹64.54.
In 2026, Kalyani Steels has declared one dividend: ₹10 with record date 31 July 2026.
Kalyani Steels' book value per share was ₹505.18 on 30 September 2026: shareholders' equity of ₹2,209 crore divided by the 4.37 crore shares in issue, up 12.1% from ₹450.76 a year earlier. The share price at the 30 October 2026 close was ₹822.95.
Kalyani Steels' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹79.9 crore, up 27.7% from ₹62.5 crore in Q2 FY26; revenue from operations ₹494 crore, up 8.4% year on year.
In FY26 (April 2025–March 2026), Kalyani Steels' consolidated net profit was ₹258 crore, up 0.6% from ₹256 crore in FY25, on revenue from operations of ₹1,846 crore (down 6.9%). Over three years, from FY22, net profit was up 5.6%.
Kalyani Steels' dividend yield is 1.22% at the 30 October 2026 close: dividends of ₹10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹822.95. They were ₹10 on 31 July 2026.
Promoters held 64.70% of Kalyani Steels on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Kalyani Steels generated ₹141 crore of cash from operations and spent ₹61.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹79.3 crore. In FY25 it was ₹357 crore.
On 30 September 2026, Kalyani Steels' shares were held by promoters 64.70%, foreign portfolio investors (FII/FPI) 1.91%, domestic institutions (DII) 10.66% (including mutual funds at 10.57%) and retail and other non-institutional investors 22.73%. Over the year, FII holding was up 0.05 percentage points from 1.86% and DII holding was down 0.09 percentage points from 10.75%.
On FY26 consolidated figures, against Kirloskar Industries, Sambhv Steel Tubes and JTL INDUSTRIES: Kalyani Steels' operating margin of 16.5% is the highest of the four (Kirloskar Industries 8.4%, Sambhv Steel Tubes 9.4%, JTL INDUSTRIES 6.3%; peer average 8.0%); its return on equity of 12.9% is the second highest of the four (Kirloskar Industries 3.2%, Sambhv Steel Tubes 18.4%, JTL INDUSTRIES 7.3%; peer average 9.6%).
At the 30 October 2026 closing prices, on FY26 net profit, Kalyani Steels' PE ratio is 14.0, the lowest of the four: Kirloskar Industries 14.5, Sambhv Steel Tubes 31.6 and JTL INDUSTRIES 30.5, a peer average of 25.5. Each is the company's market capitalisation at that price divided by its FY26 net profit.
Kalyani Steels has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Kalyani Steels earned net profit of ₹258 crore on revenue of ₹1,846 crore, against ₹228 crore on ₹6,939 crore for Kirloskar Industries. Kalyani Steels' operating margin was 16.5% (Kirloskar Industries 8.4%) and its return on equity 12.9% (Kirloskar Industries 3.2%). At the 30 October 2026 close, Kalyani Steels' market capitalisation was ₹3,599 crore against ₹3,306 crore for Kirloskar Industries, and its PE ratio on FY26 profit 14.0 against 14.5.
From Kalyani Steels' 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.