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On 6 Nov 2026, Kalyani Steels was priced at ₹847.55, or 13.1× trailing earnings, against an industry P/E of 19.9×, and the shares are 18% below their 52-week high. It earns ROCE of 16% and ROE of 13%, and sales fell 1.1% a year over 3 years while net profit grew 16%. Its dividend yield is 1.2%, and debt is 0.24× equity. It is a small-cap company with a market cap of ₹3,700 Cr, ranked 33rd of 150 Steel companies by market cap; the shares rose 1.8% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹860.00
Day high
₹862.90
Day low
₹840.70
Prev. close
₹866.25
Volume
23.1K

Health check

2 good · 3 fair · 1 to check
  • ReturnsBehind

    +1.8% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/E 13.1 vs industry 19.9.

  • GrowthSteady

    Sales −1.1%, profit +15.6% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.2% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.24× equity, interest covered 46.8×, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹3,700 Cr, #33 of 150 in its industry by size.

Moves with the market

Beta 0.89 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Sep 2026: sales ₹1,906 Cr · profit ₹282 Cr
Market cap
₹3,700 Cr
Small cap
P/E
13.1
Industry 19.9
Price to book
1.67
Peers 2.28
Dividend yield
1.18%
ROE
13.5%
Peers 23.4%
ROCE
16.2%
Peers 18.7%
Debt to equity
0.24
Debt ₹530 Cr
EPS (TTM)
₹64.54
Face value ₹5
OPM (TTM)
20.4%
Net margin 14.8%
Sales growth
+8.4%
Latest quarter vs a year ago
Profit growth
+27.7%
Latest quarter vs a year ago
Price to sales
1.94
EV/EBITDA 8.8

Strengths and risks

Strengths

  • Quarterly profit up 27.7% on a year ago.
  • P/E of 13.1 against an industry P/E of 19.9.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Kalyani Steels

Kalyani Steels Limited manufactures and sells iron and steel products in India and internationally. The company provides rolled bars for various automotive applications, including crankshaft, camshaft, connecting rods, gears, transmission shafts, axle beams, steering knuckles, and others. It also offers rolled bars for engineering applications comprising alloyed steels for use in energy, railways, defense, fasteners, and material handling. In addition,…

Headquarters
Pune
Employees
138
Sector
Basic Materials
ISIN
INE907A01026
Website
kalyanisteels.com

Price range

52 weeks

₹574.00₹1,032.90

Today

₹840.70₹862.90
Avg volume (3M)
1.1 L
1-year return
plus 1.8%
From 52-week high
minus 17.9%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
KSLKalyani Steels847.55minus 2.16%3,70013.19.216.2%20.4%0.24−1.1%plus 1.8%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
456462484465494
371371385373387
85.491.59991.4107
18.7%19.8%20.4%19.7%21.7%
15.214.914.915.817
22.51.51.82
14.813.713.713.513.8
–−6.7−1.2––
83.783.597.591.8108
25.3%25.8%26.5%25.7%26.3%
62.56271.768.279.9
14.3314.1916.4215.6318.30

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−1.1%
Profit CAGR 3Y
+15.6%
EPS CAGR 3Y
+15.6%
ROE
13.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,8741,9301,9571,813
–+3.0%+1.4%minus 7.4%
1,5951,5591,5841,450
280371373363
14.9%19.2%19.1%20.0%
2145.951.955.2
27.325.417.77.6
48.960.863.457
0.62.32−5.9
225333346348
25.8%25.3%26.0%25.9%
167249256258
–+48.9%+3.0%+0.6%
38.2656.9958.7059.07

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
21.921.921.921.9
1,4681,6581,8702,083
506596438475
355297403416
2,3512,5732,7322,996
6171,1151,1131,187
18.2381435561
14616.47.327
748587747824
820474430397
2,3512,5732,7322,996

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−126323382141
153−304−135−105
−39−9.7−252−42.1
−11.68.8−5.1−6.4
−111−576−25.1−61.4
−237−25335779.3
−43.7−43.7−43.7−43.7

Shareholding pattern

Source: NSE filings
64.7%
promoters
  • Promoters64.70%
  • Public35.30%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202664.70%35.30%0.00
30 Jun 202664.70%35.30%0.00
31 Mar 202664.70%35.30%0.00
31 Dec 202564.70%35.30%0.00
30 Sep 202564.70%35.30%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you