Kennametal India (KENNAMET) had a P/E of 40.2× on 6 Nov 2026, above the industry P/E of 22.6×, and the shares are 30% below their 52-week high. Sales and net profit grew 11% and 31% a year over 3 years, with ROCE of 31% and ROE of 24%. It carries very little debt, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹7,881 Cr, ranked 4th of 31 Tools & Accessories companies by market cap; the shares rose 45% over the past year.
- ₹3,770.00
- ₹3,770.00
- ₹3,570.00
- ₹3,800.50
- 25.4K
Health check
- ReturnsAhead
+44.8% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 40.2 vs industry 22.6.
- GrowthStrong
Sales +11.4%, profit +30.7% a year over 3 years.
- ProfitabilityStrong
ROCE 31.2% vs peer median 18.8%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags2 to check
P/E of 40.2 against an industry P/E of 22.6.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,881 Cr
- Small cap
- P/E
- 40.2
- Industry 22.6
- Price to book
- 9.23
- Peers 5.66
- Dividend yield
- 1.12%
- ROE
- 24.5%
- Peers 15.0%
- ROCE
- 31.2%
- Peers 18.8%
- Debt to equity
- 0.00
- Debt ₹1.90 Cr
- EPS (TTM)
- ₹89.18
- Face value ₹10
- OPM (TTM)
- 20.1%
- Net margin 13.0%
- Sales growth
- +47.7%
- Latest quarter vs a year ago
- Profit growth
- +183.7%
- Latest quarter vs a year ago
- Price to sales
- 5.22
- EV/EBITDA 26.1
Strengths and risks
Strengths
- Return on equity of 24.5%.
- Return on capital employed of 31.2%.
- Practically debt-free.
- Quarterly profit up 183.7% on a year ago.
- Quarterly sales up 47.7% on a year ago.
Risks to check
- P/E of 40.2 against an industry P/E of 22.6.
- 30% below its 52-week high.
About Kennametal India
Kennametal India Limited manufactures and trades in hard metal products and machine tools in the United States, Germany, China, India, Canada, Italy, France, Mexico, South Africa, Spain, the United Kingdom, and internationally. It operates in two segments, Metal Cutting and Infrastructure. The company offers metal cutting tools; metalworking tools, such as milling, hole making, turning, threading, small parts and swiss type, PCD tooling, tool holders and…
- Headquarters
- Bengaluru
- Employees
- 773
- Sector
- Industrials
- ISIN
- INE717A01029
- Website
- kennametal.com
Price range
- Avg volume (3M)
- 44.2K
- 1-year return
- plus 44.8%
- From 52-week high
- minus 30.2%
Peers · Tools & Accessories
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TIMKENTimken India | 3,057.80 | minus 2.14% | 23,000 | 50.7 | 35.4 | 18.5% | 18.5% | 0.00 | 7.5% | plus 2.4% |
| CARBORUNIVCarborundum Universal | 1,041.30 | minus 3.99% | 19,838 | 134.0 | 32.9 | 7.1% | 8.4% | 0.12 | 3.8% | plus 21.1% |
| SKFINDUSSKF India (Industrial) | 2,343.60 | minus 2.47% | 11,586 | 49.4 | – | – | 10.3% | 0.00 | – | minus 13.0% |
| KENNAMETKennametal India | 3,585.60 | minus 5.65% | 7,881 | 40.2 | 26.1 | 31.2% | 23.9% | 0.00 | 11.4% | plus 44.8% |
| ESABINDIAEsab India | 5,004.00 | minus 2.18% | 7,703 | 34.7 | 28.1 | 60.8% | 18.4% | 0.01 | 11.4% | plus 4.8% |
| SKFINDIASKF India | 1,425.60 | plus 0.37% | 7,048 | 45.3 | 14.4 | 31.7% | 11.1% | 0.00 | −4.9% | minus 33.0% |
| TIILTechnocraft Industries (India) | 2,726.40 | minus 1.58% | 6,182 | 18.2 | 13.7 | 19.1% | 18.5% | 0.40 | 12.2% | plus 14.3% |
| HARSHAHarsha Engineers International | 457.15 | minus 2.41% | 4,162 | 26.9 | 17.7 | 14.1% | 14.6% | 0.27 | 5.8% | plus 17.9% |
| Median of 7 peers | – | −2.18% | 7,703 | 45.3 | 22.9 | 18.8% | 14.6% | 0.01 | 6.7% | 4.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 323 | 296 | 334 | 403 | 478 | |
| 274 | 243 | 289 | 326 | 348 | |
| 49.3 | 52.7 | 44.8 | 77 | 129 | |
| 15.2% | 17.8% | 13.4% | 19.1% | 27.1% | |
| 3.8 | 2.4 | 2.5 | 4.4 | 1.5 | |
| 0.2 | – | 0.1 | – | 0.2 | |
| 11.6 | 11.7 | 11.9 | 12.2 | 12.1 | |
| 41.3 | 43.4 | 35.3 | 69.2 | 118 | |
| 24.2% | 27.6% | 30.9% | 25.7% | 25.0% | |
| 31.3 | 31.4 | 24.4 | 51.4 | 88.8 | |
| 14.22 | 14.30 | 11.11 | 23.38 | 40.39 |
Profit & loss
- Sales CAGR 3Y
- +11.4%
- Profit CAGR 3Y
- +30.7%
- ROE
- 24.5%
| ₹ Cr | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|
| 1,076 | 1,100 | 1,169 | 1,486 | |
| – | +2.3% | +6.3% | +27.1% | |
| 924 | 929 | 999 | 1,186 | |
| 151 | 171 | 171 | 301 | |
| 14.1% | 15.6% | 14.6% | 20.2% | |
| 3.9 | 11.5 | 15.9 | 8.7 | |
| 0.2 | 0.6 | 0.4 | 0.3 | |
| 38.9 | 43.6 | 46 | 47.9 | |
| 1.6 | 12.7 | – | 5.2 | |
| 118 | 151 | 140 | 266 | |
| 25.4% | 27.0% | 26.6% | 26.4% | |
| 87.7 | 111 | 103 | 196 | |
| – | +26.0% | minus 6.9% | +90.5% | |
| – | 50.28 | 46.82 | – |
Forecast
Balance sheet
| ₹ Cr | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|
| 22 | 22 | 22 | 22 | |
| 666 | 712 | 725 | 832 | |
| 2.7 | 3 | 2.5 | 1.9 | |
| 160 | 191 | 217 | 409 | |
| 851 | 927 | 967 | 1,265 | |
| 318 | 302 | 281 | 290 | |
| 43.2 | 8.2 | 8 | 8.1 | |
| 0.3 | 2.4 | 1.8 | 1.8 | |
| 89.2 | 113 | 165 | 46.7 | |
| 401 | 502 | 511 | 918 | |
| 851 | 927 | 967 | 1,265 |
Cash flow
| ₹ Cr | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|
| 116 | 114 | 145 | 18.3 | |
| −45.3 | −23.4 | −3.9 | −48 | |
| −44.7 | −67.3 | −89.2 | −88.8 | |
| 25.8 | 23.6 | 51.7 | −119 | |
| −47.8 | −29.4 | −31.2 | −53.6 | |
| 68 | 84.9 | 114 | −35.3 | |
| −44 | −65.9 | −87.9 | −87.9 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 10.1% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.