Kalyani Steels
- Market cap
- ₹ 3,730 Cr.
- P/E
- 13.9x
- P/B
- 1.8x
- 52-week range
- 574 – 1,032.9
- ROE
- 13%
- ROCE
- 15%
- Dividend yield
- 1.2%
- Debt / equity
- 0.23
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Kalyani Steels Limited is an India-based company, which is engaged in the business of manufacturing and sale of iron and steel products. The Company operates through a single segment, which is forging and engineering quality carbon and alloy steels. Its product range includes carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel (Cr-Ni-Mo), medium carbon Cr-Ni-Mo steel and bearing steel. The Company's rolled bar products have applications in automotive and engineering applications. Its round cast products have applications in seamless tube industry. Its machined bar products are used in aluminum smelting industry. Its integrated steel mill has a hot metal capacity of around 650,000 tons per annum of carbon and alloy steels. It has approximately three mini blast furnaces, two rolling mills, sinter plant, power plant, blast furnace gas fired re-heating furnaces, and testing facilities.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Kalyani Steels 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)13.9 against a typical 18.6: cheaper than most peers (1st = cheapest).56th of 146
- Sales growth+5% against a typical +13.1% from a year earlier.74th of 117
- Profit growth+11.5% against a typical +26.2% from a year earlier.63rd of 105
- Share price, 3 months−1% against a typical −3.1%.58th of 135
- Size₹ 3,729.7 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).16th of 135
Latest announcements
Exchange filings and their impact on the company.
- Amit Kalyani to succeed Babasaheb Kalyani as Chairman from Oct 29 in a planned succession with continuity.
Kalyani Steels announced that Amit Kalyani will take over as Chairman from October 29, 2026, succeeding Dr. Babasaheb Kalyani who has chaired the company since incorporation. Amit Kalyani, with over 25 years in the Kalyani Group, said the focus will be on green steel, advanced materials and global markets. The company noted total income grew from Rs 19.2 crore in 1984 to Rs 1,902 crore in FY 2025-26, and Dr. Kalyani will continue to advise the board.
- Strong Q2 with 28% profit growth and smooth promoter succession keeps earnings momentum positive.
Kalyani Steels reported strong September quarter results with consolidated revenue of Rs 494.4 crore, up 8.4% from last year, and net profit of Rs 79.9 crore, up about 28%. For the first half, revenue was Rs 959 crore and net profit Rs 148.1 crore. The board also accepted founder B.N. Kalyani's retirement as Chairman after 53 years, named him Chairman Emeritus, appointed Amit B. Kalyani as Chairman, and appointed a new Chief Human Resource Officer.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | — | — | 30 Sep 2026 |
| CARE | CARE AA | Stable | 15 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Sep 2026 | Reaffirmed | — | — | ICRA | ₹ 75 Cr. | |
| 31 Jul 2026 | Reaffirmed | — | — | ICRA | ₹ 50 Cr. | |
| 15 Dec 2025 | Reaffirmed | CARE AA | — | CARE | ₹ 951.75 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 8 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 3 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 31 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 5 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 480 | 480 | 503 | 461 | 492 | 484 | 544 | 443 | 456 | 462 | 484 | 465 |
| Expenses | 387 | 384 | 413 | 382 | 396 | 401 | 430 | 357 | 371 | 371 | 385 | 373 |
| Operating Profit | 93 | 96 | 90 | 79 | 96 | 83 | 114 | 85 | 85 | 92 | 99 | 91 |
| OPM % | 19% | 20% | 18% | 17% | 20% | 17% | 21% | 19% | 19% | 20% | 20% | 20% |
| Other Income | 9 | 12 | 13 | 12 | 14 | 12 | 13 | 14 | 14 | 7 | 13 | 15 |
| Interest | 9 | 5 | 3 | 4 | 5 | 6 | 4 | 3 | 2 | 2 | 1 | 2 |
| Depreciation | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 15 | 15 | 14 | 14 | 14 |
| Profit before tax | 78 | 88 | 84 | 72 | 90 | 75 | 107 | 82 | 83 | 83 | 97 | 91 |
| Tax % | 26% | 25% | 26% | 28% | 25% | 26% | 26% | 26% | 25% | 26% | 27% | 26% |
| Net Profit | 58 | 65 | 63 | 52 | 67 | 55 | 79 | 61 | 62 | 61 | 71 | 68 |
| EPS in Rs | 13.36 | 14.97 | 14.33 | 11.81 | 15.3 | 12.69 | 18.16 | 13.97 | 14.16 | 14.05 | 16.27 | 15.49 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 9%
- 3 Years
- −1%
- TTM
- −5%
- 10 Years
- 9%
- 5 Years
- 7%
- 3 Years
- 16%
- TTM
- 2%
- 10 Years
- 9%
- 5 Years
- 17%
- 3 Years
- 19%
- TTM
- —
- 10 Years
- 15%
- 5 Years
- 14%
- 3 Years
- 14%
- 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.
| Kalyani Steels | ₹ 879.85 | ₹ 3,730 Cr. | 13.9x | 1.8x | 13% | — |
| Bharat Forge | ₹ 1,709.60 | ₹ 81,734 Cr. | 89.6x | 10.9x | 11.5% | 6.5% |
| Havells India | ₹ 1,032.00 | ₹ 64,764 Cr. | 44.1x | 7.9x | — | 6.9% |
| Schaeffler India | ₹ 3,468.00 | ₹ 54,379 Cr. | 56.2x | 10.7x | — | 12% |
| Sterlite Technologies | ₹ 829.00 | ₹ 42,603 Cr. | 464.5x | 11.2x | 2.6% | 1.2% |
| R R Kabel | ₹ 2,150.60 | ₹ 26,329 Cr. | 51.2x | 10.1x | 20.8% | 5.1% |
Management
- Bantu Upendra Kumar Patro
- Chief Financial Officer
- Deepti Rajeev Puranik
- Compliance Officer, Company Secretary
- Ravindra Kumar Goyal
- Managing Director, Executive Director
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