Kalyani Steels

NSE: KSLBSE: 500235
Compare with peers
₹ 879.85▼ 1.75 (−0.2%)28 Oct, 03:29 pm IST
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.

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.

  • 28 Oct 2026Press ReleaseLow impactPositivePrice −0.2% so far today
    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.

    Filing
  • 28 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −0.2% so far today
    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.

    Filing

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
AA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA——30 Sep 2026
CARECARE AAStable15 Dec 2025
Credit rating actions
RatingDetails
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 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
7 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
8 May 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
3 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
4 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
31 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
5 May 2025Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters

Share price

1Y change +5.42%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales480480503461492484544443456462484465
Expenses387384413382396401430357371371385373
Operating Profit9396907996831148585929991
OPM %19%20%18%17%20%17%21%19%19%20%20%20%
Other Income9121312141213141471315
Interest953456432212
Depreciation151515161616161515141414
Profit before tax7888847290751078283839791
Tax %26%25%26%28%25%26%26%26%25%26%27%26%
Net Profit586563526755796162617168
EPS in Rs13.3614.9714.3311.8115.312.6918.1613.9714.1614.0516.2715.49

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
5%
5 Years
9%
3 Years
−1%
TTM
−5%
Compounded Profit Growth
10 Years
9%
5 Years
7%
3 Years
16%
TTM
2%
Stock Price CAGR
10 Years
9%
5 Years
17%
3 Years
19%
TTM
—
Return on Equity
10 Years
15%
5 Years
14%
3 Years
14%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
64.7%
0 pts in a year
FIIs
1.77%
+0.01 pts in a year
DIIs
11.48%
+0.94 pts in a year
Public
22.06%
−0.92 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 13.9xEPS (12 months) ₹ 61.92Median P/E 12.4x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Kalyani Steels₹ 879.85₹ 3,730 Cr.13.9x1.8x13%—
Bharat Forge₹ 1,709.60₹ 81,734 Cr.89.6x10.9x11.5%6.5%
Havells India₹ 1,032.00₹ 64,764 Cr.44.1x7.9x—6.9%
Schaeffler India₹ 3,468.00₹ 54,379 Cr.56.2x10.7x—12%
Sterlite Technologies₹ 829.00₹ 42,603 Cr.464.5x11.2x2.6%1.2%
R R Kabel₹ 2,150.60₹ 26,329 Cr.51.2x10.1x20.8%5.1%

Management

Bantu Upendra Kumar Patro
Chief Financial Officer
Deepti Rajeev Puranik
Compliance Officer, Company Secretary
Ravindra Kumar Goyal
Managing Director, Executive Director

Prices are delayed and for information only. Nothing on this page is investment advice.