Kalyani Forge Ltd Stock Price Today (NSE: KALYANIFRG)
Fundamental Score
Kalyani Forge Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Kalyani Forge Ltd share price today is ₹593.00, down 0.83% on NSE/BSE as of 17 June 2026. Kalyani Forge Ltd (KALYANIFRG) is a Small-cap company in the Castings & Forgings sector with a market capitalisation of ₹242.00 (Cr). The 52-week high for KALYANIFRG share price is ₹849.65 and the 52-week low is ₹523.60. At a P/E ratio of 31.80x, KALYANIFRG is currently trading above its industry average P/E of 28.08x. The company has a Return on Equity (ROE) of 9.77% and a debt-to-equity ratio of 0.99.
Kalyani Forge Ltd Share Price Chart — NSE/BSE Historical Performance
Kalyani Forge Ltd share price chart: 4.20% return over the past month. 52-week high ₹849.65, 52-week low ₹523.60.
Kalyani Forge Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹599.00 | ₹617.95 | ₹584.50 | ₹605.00 | 1.08K (Cr) | |
| ₹609.35 | ₹614.95 | ₹575.55 | ₹586.55 | 1.86K (Cr) | |
| ₹633.00 | ₹646.95 | ₹591.55 | ₹606.30 | 2.39K (Cr) | |
| ₹636.40 | ₹646.65 | ₹628.50 | ₹630.55 | 624.00 (Cr) | |
| ₹642.30 | ₹674.00 | ₹627.00 | ₹635.90 | 4.02K (Cr) | |
| ₹623.95 | ₹643.40 | ₹600.00 | ₹632.80 | 2.31K (Cr) | |
| ₹627.10 | ₹628.40 | ₹611.45 | ₹623.95 | 169.00 (Cr) | |
| ₹624.50 | ₹629.40 | ₹611.00 | ₹624.00 | 225.00 (Cr) | |
| ₹625.70 | ₹625.70 | ₹600.00 | ₹610.30 | 539.00 (Cr) | |
| ₹630.00 | ₹644.00 | ₹622.00 | ₹625.70 | 259.00 (Cr) |
Kalyani Forge Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹609.35 | ₹617.95 | ₹575.55 | ₹605.00 | -0.71% | |
| ₹600.00 | ₹684.95 | ₹560.10 | ₹606.30 | +1.05% | |
| ₹589.95 | ₹650.00 | ₹549.95 | ₹603.35 | +2.27% | |
| ₹604.95 | ₹620.90 | ₹523.60 | ₹546.45 | -9.67% | |
| ₹630.00 | ₹737.10 | ₹591.00 | ₹618.70 | -1.79% | |
| ₹633.00 | ₹637.20 | ₹526.10 | ₹603.40 | -4.68% | |
| ₹645.55 | ₹675.00 | ₹597.50 | ₹632.60 | -2.01% | |
| ₹723.00 | ₹749.95 | ₹606.90 | ₹643.20 | -11.04% | |
| ₹680.00 | ₹849.65 | ₹655.05 | ₹702.65 | +3.33% | |
| ₹686.15 | ₹739.70 | ₹652.40 | ₹659.90 | -3.83% | |
| ₹738.00 | ₹746.50 | ₹649.95 | ₹672.25 | -8.91% | |
| ₹753.95 | ₹784.00 | ₹687.05 | ₹705.30 | -6.45% |
AI Research Briefing
Powered by Gemini · 2026-04-09
Micro-cap turnaround story with stretched valuation and weak financials; too risky to chase.
WHAT'S HAPPENING NOW
Kalyani Forge reported Q3 FY26 results with an all-time high EBITDA margin of 15.7%. Total income for the quarter was compared to in Q3 FY25. Ms. Aishwarya Parwal resigned as Company Secretary & Compliance Officer effective February 21, 2026. The company scheduled an investor call on February 12, 2026.
CORE STORY
Kalyani Forge is attempting a turnaround by focusing on higher-margin OEM business and optimizing its product mix, while navigating a cyclical downturn in the forging industry.
- Record EBITDA margins of 15.7% in Q3FY26
- OEM revenue reaching ₹35.0 crore
- Business optimization strategy in progress
- Sustained margin expansion
- New order wins in the defence sector
- Successful debt reduction
- Micro/SME cap - liquidity risk
- High Debt/Equity ratio of 0.99
- Negative Free Cash Flow
No FII or DII holding [cite: brief]. Promoter holding stable at 58.76% [cite: brief].
Indian forging industry is projected to grow, driven by automotive, aerospace, and construction demand.
No - Free Cash Flow 5Y: ₹-13.58 Cr [cite: brief]
Kalyani Forge needs to demonstrate consistent profitability and cash flow generation to justify its valuation. Focus will be on margin sustainability and debt reduction over the next 6 months.
Primary Thesis Risk
Inability to sustain margin expansion will lead to significant derating.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Kalyani Forge Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Kalyani Forge Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of KALYANIFRG across key market metrics for learning purposes.
Positive Indicators
4 factors identified
Excellent EPS Growth (26.28% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (26.28% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Balanced Promoter Holding (58.76%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
6 factors identified
Below-Average Return on Equity (9.77%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Profit Decline Concern (-45.15%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Revenue Contraction (-10.69%)
Observation: Sales decline may indicate market challenges or competitive pressures.
Analysis: Negative revenue growth requires analysis of market conditions.
Limited Growth History (3.32% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Weak Interest Coverage (2.12x)
Observation: Limited ability to service debt obligations from earnings.
Analysis: Low interest coverage raises concerns about financial stability.
Negative Free Cash Flow (₹-13.58 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Kalyani Forge Ltd vs Castings & Forgings Peers
Peer Comparison - Castings & Forgings
Compare Kalyani Forge Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Kalyani Forge LtdKalyani Forge L...Selected✓ KALYANIFRG • 513509 | 33.6/100 | ₹593.00₹593 | ₹242.00₹242.00 | 31.80Average 31.8 Average | 9.77%Poor 9.77% Poor | 12.33%Average 12.33% Average | 0.99Good 1.0 Good | 26.28%Excellent 26.28% Excellent | 3.32%Average 3.32% Average | 0.60% |
AIA Engineering LtdAIA Engineering... AIAENG • 532683 | 54.1/100 | ₹4428.10₹4428 | ₹36025.37₹36025.37 | 31.97Average 32.0 Average | 15.42%Good 15.42% Good | 18.92%Good 18.92% Good | 0.14Excellent 0.1 Excellent | 13.23%Good 13.23% Good | 7.62%Good 7.62% Good | 0.42% |
Happy Forgings LtdHappy Forgings ... HAPPYFORGE • 544057 | 51.8/100 | ₹1416.90₹1417 | ₹9934.57₹9934.57 | 36.60Average 36.6 Average | 15.46%Good 15.46% Good | 19.17%Good 19.17% Good | 0.10Excellent 0.1 Excellent | 27.44%Excellent 27.44% Excellent | 20.35%Excellent 20.35% Excellent | 0.29% |
Balu Forge Industries LtdBalu Forge Indu... BALUFORGE • 531112 | 51.4/100 | ₹504.35₹504 | ₹7240.86₹7240.86 | 29.70Average 29.7 Average | 25.38%Excellent 25.38% Excellent | 31.26%Excellent 31.26% Excellent | 0.07Excellent 0.1 Excellent | — — | — — | 0.02% |
Steelcast LtdSteelcast Ltd... STEELCAS • 513517 | 72/100 | ₹286.90₹287 | ₹2233.35₹2233.35 | 25.07Average 25.1 Average | 24.24%Excellent 24.24% Excellent | 32.94%Excellent 32.94% Excellent | 0.00Excellent 0.0 Excellent | 55.61%Excellent 55.61% Excellent | 13.40%Good 13.40% Good | 0.65% |
Amic Forging LtdAmic Forging Lt... AMIC • 544037 | 56.5/100 | ₹1679.25₹1679 | ₹1843.35₹1843.35 | 73.06Average 73.1 Average | 21.80%Excellent 21.80% Excellent | 27.89%Excellent 27.89% Excellent | 0.05Excellent 0.1 Excellent | 116.81%Excellent 116.81% Excellent | 55.08%Excellent 55.08% Excellent | 0.00% |
Nelcast LtdNelcast Ltd... NELCAST • 532864 | 28.4/100 | ₹137.80₹138 | ₹973.07₹973.07 | 26.46Average 26.5 Average | 6.48%Poor 6.48% Poor | 9.55%Poor 9.55% Poor | 0.52Good 0.5 Good | -0.70%Poor -0.70% Poor | 17.17%Excellent 17.17% Excellent | 0.45% |
Synergy Green Industries LtdSynergy Green I... SGIL • 541929 | 38.5/100 | ₹533.40₹533 | ₹862.41₹862.41 | 55.53Average 55.5 Average | 21.88%Excellent 21.88% Excellent | 20.85%Excellent 20.85% Excellent | 1.79Average 1.8 Average | 38.79%Excellent 38.79% Excellent | 11.75%Good 11.75% Good | 0.18% |
Inv& PrecCastInv& PrecCast... INVPRECO • 504786 | 52.2/100 | ₹509.30₹509 | ₹509.30₹509.30 | 68.18Average 68.2 Average | 6.78%Poor 6.78% Poor | 9.59%Poor 9.59% Poor | 0.79Good 0.8 Good | 59.53%Excellent 59.53% Excellent | 11.64%Good 11.64% Good | 0.10% |
Neetu Yoshi LimitedNeetu Yoshi Lim... NEETUYOSHI • 544434 | 47.4/100 | ₹119.10₹119 | ₹472.54₹472.54 | 23.60Average 23.6 Average | 51.01%Excellent 51.01% Excellent | 46.01%Excellent 46.01% Excellent | 0.11Excellent 0.1 Excellent | — — | — — | 0.00% |
Tirupati Forge LtdTirupati Forge ... TIRUPATIFL • | 53.2/100 | ₹45.93₹46 | ₹410.25₹410.25 | 76.54Average 76.5 Average | 9.99%Poor 9.99% Poor | 12.37%Average 12.37% Average | 0.21Excellent 0.2 Excellent | 94.73%Excellent 94.73% Excellent | 33.02%Excellent 33.02% Excellent | 0.00% |
Top Castings & Forgings Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- AIA Engineering Ltd share price36025.37 Cr
- Happy Forgings Ltd share price9934.57 Cr
- Balu Forge Industries Ltd share price7240.86 Cr
- Steelcast Ltd share price2233.35 Cr
- Amic Forging Ltd share price1843.35 Cr
Kalyani Forge Ltd PE Ratio History
Historical price-to-earnings ratio for KALYANIFRG — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2024 | ₹12.51 | ₹675.75 | 54x |
| FY 2022 | ₹8.61 | ₹248.70 | 28.9x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Kalyani Forge Ltd Dividend History
Annual cash dividends paid by KALYANIFRG — dividend yield 0.60%
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2025 | ₹1.02 Cr |
| FY 2024 | ₹1.08 Cr |
| FY 2023 | ₹0.82 Cr |
| FY 2022 | ₹0.76 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Kalyani Forge Ltd Quarterly Performance
Latest quarterly metrics for KALYANIFRG — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
-10.69%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-45.15%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
3.32%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
26.28%
Compounded annual net profit growth over 5 years
Kalyani Forge Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for KALYANIFRG — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Kalyani Forge Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Kalyani Forge Ltd (KALYANIFRG) — sourced from NSE/BSE filings.
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About KALYANIFRG (Kalyani Forge Ltd)
Kalyani Forge Ltd is a pivotal force in the Indian manufacturing landscape, specializing in precision engineered metal components. They excel in the meticulous art of forging, tran...sforming raw materials into durable and high-performance parts for critical industries. The company's expertise lies in shaping metal under extreme pressure and heat, resulting in components that boast exceptional strength, reliability, and longevity. Beyond mere forging, Kalyani Forge integrates advanced machining processes to achieve exacting tolerances and flawless finishes, ensuring their products meet the stringent demands of modern engineering applications. They provide an end-to-end service. With a steadfast commitment to innovation and quality, Kalyani Forge caters to a diverse range of sectors, including automotive, industrial, and energy. Their comprehensive product portfolio encompasses intricate components designed for optimal performance in demanding environments. From vital engine parts that power vehicles to robust structural elements for heavy machinery, Kalyani Forge's creations are integral to the seamless operation of complex systems. Their dedication to utilizing cutting-edge technology and employing skilled professionals positions them as a trusted partner for companies seeking superior metal forged parts. Driven by a customer-centric approach, Kalyani Forge offers tailored solutions to meet the unique requirements of each client. They work closely with customers throughout the design and manufacturing process, leveraging their expertise to optimize product performance and enhance overall efficiency. Their commitment to sustainable practices and responsible manufacturing further solidifies their position as a leader in the metal forging industry. Kalyani Forge continually strives to exceed expectations, delivering components that not only meet technical specifications but also contribute to the success of their partners.
Company Details
Key Leadership
Corporate Events
KALYANIFRG Share Price: Frequently Asked Questions
What is the current share price of Kalyani Forge Ltd?
Kalyani Forge Ltd (KALYANIFRG) trades at ₹593.00 on NSE and BSE. Market cap ₹242.00 (Cr). Educational data only.
What is the P/E ratio of Kalyani Forge Ltd?
Kalyani Forge Ltd has a P/E of 31.80x vs industry average 28.08x.
What is the Bull Run score for Kalyani Forge Ltd?
Kalyani Forge Ltd has a Bull Run score of 33.6/100 based on 25+ financial parameters.
Does Kalyani Forge Ltd pay dividends?
Kalyani Forge Ltd has a dividend yield of 0.60%. Past dividends don't guarantee future payments.
What is the ROE of Kalyani Forge Ltd?
Kalyani Forge Ltd has ROE of 9.77%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Kalyani Forge Ltd?
Kalyani Forge Ltd has debt-to-equity of 0.99.
Is Kalyani Forge Ltd a good investment?
Bull Run gives Kalyani Forge Ltd a score of 33.6/100. This is not investment advice — consult a SEBI-registered advisor.