Kalana Ispat
- Market cap
- ₹ 25 Cr.
- P/E
- 24.6x
- P/B
- 0.53x
- 52-week range
- 15.1 – 31.25
- ROE
- 2%
- ROCE
- 3.5%
- Dividend yield
- 0%
- Debt / equity
- 0.05
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE SME
About
Kalana Ispat Limited is an India-based company, which is engaged in manufacturing of mild steel (M.S.) Billets/Ingots and Alloy Steel Billets/Ingots of various grades. The Company operates under two key business segments: Sale of Products and Sale of Services (Job Work). The Company’s product portfolio includes MS billets and alloy steel billets. The Company uses a combination of raw materials, such as MS scrap, sponge iron, silicon manganese, aluminum ingots and certain salts, which are melted at high temperature and are poured in casts to form a rectangle or metal bar or MS billet. The Company manufactures MS Billets in various grades, which are subsequently forged at rolling mills into finished products like bars, wires, rods, and sheet metal. It produces alloy steel billets on an order basis. Its manufacturing unit is located in Ahmedabad. It offers tailored billet solutions.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Kalana Ispat against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)24.6 against a typical 18.9: pricier than most peers (1st = cheapest).83rd of 146
- Sales growth−37.2% against a typical +13.1% from a year earlier.104th of 117
- Profit growth−37.3% against a typical +26.2% from a year earlier.86th of 105
- Share price, 3 months+1.7% against a typical −3.8%.48th of 135
- Size₹ 25.5 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).105th of 135
Latest announcements
Exchange filings and their impact on the company.
- 27 Oct 2026General UpdatesHigh impactVery positive65,000 MT alloy-steel rolling mill commissioned, 6x current scale and transformational for revenue and earnings.
Kalana Ispat has started commercial production of alloy steel round bars at its new rolling mill at Village Khengaria, Ahmedabad, Gujarat. The plant has an annual capacity of about 65,000 tonnes, a major expansion for a company with FY26 sales of Rs 51.84 cr. The added capacity is expected to boost sales in the alloy steel segment, improve efficiencies and support long-term growth.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 27 Feb 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 27 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
| 14 Nov 2024 | Financial Results | To consider and approve the financial results for the period ended September 30, 2024 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 31 | 43 | 28 | 28 | 25 | 27 |
| Expenses | 29 | 41 | 26 | 27 | 25 | 26 |
| Operating Profit | 2 | 2 | 1 | 0 | −0 | 1 |
| OPM % | 4.9% | 5.2% | 4.6% | 0.8% | −1.2% | 5.4% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 1 | 1 | 0 | 1 |
| Tax % | 25.5% | 28.7% | 25.5% | 35.4% | 100% | 28.9% |
| Net Profit | 1 | 2 | 1 | 1 | 0 | 1 |
| EPS in Rs | 8.2 | 1.89 | 0.54 | 0.38 | 0.01 | 0.74 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 4%
- 3 Years
- −15%
- TTM
- −6%
- 10 Years
- —
- 5 Years
- 47%
- 3 Years
- 25%
- TTM
- −20%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 6%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Kalana Ispat | ₹ 18.30 | ₹ 25 Cr. | 24.6x | 0.5x | 2% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Manoj Gopinathan Pillai
- Chief Financial Officer
- Manishi Jain
- Compliance Officer, Company Secretary
- Varghese Joseph Pottakerry
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.