On 6 Nov 2026, Kalyan Capitals was priced at ₹6.27, or 3.8× trailing earnings, against an industry P/E of 18.4×, and the shares are 39% below their 52-week high. Its ROCE of 12% is the lowest among the 7 largest Capital Markets peers, and sales and net profit grew 19% and 8.1% a year over 3 years. Debt is 3.87× equity. It is a small-cap company with a market cap of ₹33 Cr, ranked 133rd of 219 Capital Markets companies by market cap; the shares fell 28% over the past year.
- ₹5.96
- ₹6.45
- ₹5.96
- ₹6.31
- 5.8K
Health check
- ReturnsBehind
−28.3% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 3.8 vs industry 18.4.
- GrowthSlow
Sales +19.2%, profit +8.1% a year over 3 years.
- ProfitabilityWeak
ROCE 11.9% vs peer median 22.1%.
- Balance sheetStretched
Debt 3.87× equity, interest covered 198.4×, Piotroski 5 of 9.
- Red flags3 to check
Debt is 3.87× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹33 Cr
- Small cap
- P/E
- 3.8
- Industry 18.4
- Price to book
- 0.49
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- 8.7%
- Peers 18.9%
- ROCE
- 11.9%
- Peers 22.1%
- Debt to equity
- 3.87
- Debt ₹238 Cr
- EPS (TTM)
- ₹1.67
- OPM (TTM)
- 92.4%
- Net margin 8.5%
- Sales growth
- +67.8%
- Latest quarter vs a year ago
- Profit growth
- −59.3%
- Latest quarter vs a year ago
- Price to sales
- 0.85
- EV/EBITDA 7.5
Strengths and risks
Strengths
- Quarterly sales up 67.8% on a year ago.
- P/E of 3.8 against an industry P/E of 18.4.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Debt is 3.87× equity.
- Quarterly profit down 59.3% on a year ago.
- 39% below its 52-week high.
About Kalyan Capitals
Kalyan Capitals Limited, a non-banking financial company, engages in lending business in India. The company provides loans to micro, small, and medium enterprises, as well as retail sectors for capital expenditure, working capital needs, trade finance, and other purposes; and gold loans. It also buys, invests in, acquires, and holds shares, stocks, debentures, debentures-stock, bonds, mutual funds, obligations, and securities. The company was formerly…
- Headquarters
- Ghaziabad
- Sector
- Financial Services
- ISIN
- INE149Q01021
- Website
- kalyancapitals.com
Price range
- Avg volume (3M)
- 13.5K
- 1-year return
- minus 28.3%
- From 52-week high
- minus 38.8%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| KALYANCAPKalyan Capitals | 6.27 | minus 0.63% | 33 | 3.8 | 0.49 | 11.9% | 8.7% | 92.4% | 19.2% | 8.1% | 0.00% | minus 28.3% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|
| 8 | 7.4 | 9.9 | 9.9 | – | 12.3 | |
| 20.2 | 0.4 | 2.1 | 0.6 | – | 0.6 | |
| −12.2 | 7 | 7.8 | 9.3 | – | 11.7 | |
| −152.8% | 95.2% | 78.9% | 94.1% | – | 94.8% | |
| – | 0 | 1.8 | 0.1 | – | 0 | |
| 4.6 | 4.8 | 6.2 | 7.3 | – | 9.1 | |
| 0.2 | 0.1 | 0.1 | 0.1 | – | 0.1 | |
| −0.6 | 1.3 | −1.8 | −0.9 | – | −0.8 | |
| – | 3.4 | 1.5 | 1.1 | 1.4 | 1.8 | |
| – | 28.6% | 8.5% | 24.5% | – | 42.4% | |
| – | 2.1 | 1.1 | 0.6 | 0.7 | 0.8 | |
| – | 0.46 | 0.26 | 0.16 | 1.05 | 0.20 |
Profit & loss
- Sales CAGR 3Y
- +19.2%
- Profit CAGR 3Y
- +8.1%
- EPS CAGR 3Y
- −25.8%
- ROE
- 8.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 19.6 | 29.8 | 24.7 | 33.2 | |
| – | +52.2% | minus 17.1% | +34.2% | |
| 14.4 | 22.8 | 18.2 | 27 | |
| 5.2 | 7 | 6.5 | 6.1 | |
| 26.5% | 23.5% | 26.2% | 18.5% | |
| 0.2 | 1.6 | 0.1 | 0.1 | |
| 0 | 0 | 0 | 0 | |
| 0.3 | 0.6 | 0.6 | 0.4 | |
| −0 | 1.5 | −0.8 | 1.6 | |
| 5.1 | 9.4 | 5.1 | 7.3 | |
| 21.3% | 21.5% | 40.2% | 24.4% | |
| 3.6 | 6 | 2.5 | 4.5 | |
| – | +68.8% | minus 58.4% | +80.3% | |
| 2.57 | 1.41 | 0.58 | 1.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.5 | 10.5 | 10.5 | 10.5 | |
| 30.5 | 36.5 | 39 | 43.5 | |
| 95.6 | 125 | 187 | 238 | |
| 9.7 | 10.4 | 9.2 | 11.3 | |
| 146 | 182 | 245 | 303 | |
| 3.4 | 3.5 | 2.7 | 1.4 | |
| 0.6 | 0.2 | 0 | – | |
| 3.1 | 8.4 | 9.1 | 14 | |
| 6.7 | 10.7 | 27 | 4.2 | |
| 133 | 160 | 206 | 284 | |
| 146 | 182 | 245 | 303 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2 | 6.7 | 5.3 | 3.8 | |
| −24.8 | −34.1 | −42.4 | −78.1 | |
| 22.9 | 29.4 | 61.5 | 51.5 | |
| 0.1 | 2 | 24.3 | −22.9 | |
| −0.3 | −1.9 | – | −0 | |
| 1.7 | 4.8 | 5.3 | 3.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.