Krishanveer Forge share price, P/E, ROE & financials

On 6 Nov 2026, Krishanveer Forge was priced at ₹137.90, or 13.3× trailing earnings, against an industry P/E of 25.1×, and the shares are 25% below their 52-week high. Its ROCE of 27% is the highest among the 7 largest Metal Fabrication peers, and sales and net profit grew 4.1% and 91% a year over 3 years. Its dividend yield is 2.2%. It is a small-cap company with a market cap of ₹151 Cr, ranked 45th of 71 Metal Fabrication companies by market cap; the shares rose 0.5% over the past year.

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

past year

Open: ₹136.00
Day high: ₹138.00
Day low: ₹135.00
Prev. close: ₹141.00
Volume: 177

Health check

2 good · 2 fair · 2 to check

ReturnsBehind
+0.5% over a year, better than 1 of 7 peers.
Price tagCheaper
P/E 13.3 vs industry 25.1.
GrowthSteady
Sales +4.1%, profit +90.5% a year over 3 years.
ProfitabilityStrong
ROCE 26.9% vs peer median 15.6%.
Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
Red flags1 to check
Quarterly sales down 6.4% on a year ago.

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

Metal Fabrication

70 listed peers. Screen the industry

Small cap

₹151 Cr, #45 of 71 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹94 Cr · profit ₹11 Cr

Market cap: ₹151 Cr; Small cap
P/E: 13.3; Industry 25.1
Price to book: 2.89; Peers 7.00
Dividend yield: 2.18%
ROE: 24.0%; Peers 8.6%
ROCE: 26.9%; Peers 15.6%
Debt to equity: −0.02; Debt −₹1.18 Cr
EPS (TTM): ₹10.33
OPM (TTM): 13.3%; Net margin 12.3%
Sales growth: −6.4%; Latest quarter vs a year ago
Profit growth: −3.6%; Latest quarter vs a year ago
Price to sales: 1.61; EV/EBITDA 11.1

Strengths

Return on equity of 24.0%.
Return on capital employed of 26.9%.
Practically debt-free.
Dividend yield of 2.18%.
P/E of 13.3 against an industry P/E of 25.1.

Risks to check

Quarterly sales down 6.4% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Krishanveer Forge

Krishanveer Forge Limited manufactures and sells open die forging products in India and internationally. The company offers plain carbon steels, alloy steels and stainless steels, and shape components; and shafts, square and rectangular section, blanks, rings, and hollow products. It serves its products to oil and gas, infrastructure, power transmission, mining and construction, gear box manufacturing, steel plants, cement, sugar mills, infrastructure,…

Headquarters: Pune
Employees: 63
Sector: Industrials
ISIN: INE013J01016
Website: kvforge.com

Price range

52 weeks

₹106.00₹184.00

Today

₹135.00₹138.00

Avg volume (3M): 1.7K
1-year return: plus 0.5%
From 52-week high: minus 25.1%

Peers · Metal Fabrication

Compare with peers Screen the whole industry

Company
BHARATFORGBharat Forge	1,740.00	minus 0.74%	85,029	121.8	7.23	15.6%	6.7%	14.7%	9.7%	26.9%	0.49%	plus 32.3%
INDOMIMINDO-MIM	1,219.50	minus 3.93%	60,302	101.1	20.94	22.8%	21.3%	28.6%	15.8%	4.9%	0.00%	plus 64.4%
PTCILPTC Industries	24,335.00	plus 0.04%	38,564	290.6	23.73	7.9%	8.6%	24.6%	40.7%	57.8%	0.00%	plus 41.4%
ZETWERKZetwerk Manufacturing Businesses	164.89	minus 1.10%	27,937	–	−2.47	−13.0%	−36.0%	0.1%	56.9%	–	0.00%	plus 19.3%
HAPPYFORGEHappy Forgings	1,694.50	minus 10.00%	15,996	49.0	7.00	18.9%	15.2%	30.6%	9.8%	13.1%	0.24%	plus 85.8%
RKFORGERamkrishna Forgings	693.85	minus 4.25%	13,087	68.4	3.51	4.7%	5.6%	17.1%	10.5%	−33.9%	0.58%	plus 35.6%
GRAVITAGravita India	1,493.90	minus 0.07%	10,883	27.3	4.11	18.1%	16.2%	9.3%	14.9%	23.5%	0.52%	minus 15.4%
KVFORGEKrishanveer Forge	137.90	minus 2.20%	151	13.3	2.89	26.9%	24.0%	13.9%	4.1%	90.5%	2.18%	plus 0.5%
Median of 7 peers	–	−1.10%	27,937	84.7	7.00	15.6%	8.6%	17.1%	14.9%	18.3%	0.24%	35.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
23.6	21	20.3	24.3	22.1
21	17.9	18.1	20.7	19.4
2.7	3.1	2.2	3.6	2.7
11.3%	14.8%	10.9%	14.9%	12.4%
0.3	0.2	0.7	0.5	0.5
0	0	0	0	0.1
0.4	0.4	0.4	0.4	0.4
–	–	−0.7	3.5	–
2.6	2.9	1.8	7.2	2.8
20.4%	38.7%	3.8%	20.2%	27.6%
2.1	1.8	1.8	5.8	2
1.89	1.64	1.61	5.26	1.82

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +4.1%
Profit CAGR 3Y: +90.5%
EPS CAGR 3Y: +90.7%
ROE: 24.0%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
68.4	70.6	69.1	77.1
–	+3.2%	minus 2.0%	+11.5%
64.2	63.7	60.6	64.9
4.2	6.9	8.5	12.2
6.1%	9.7%	12.3%	15.8%
0.2	0.6	0.2	0.3
0.8	0.5	0	0
1.6	1.5	1.6	1.6
–	–	0.5	3.6
2	5.5	7.6	14.6
19.4%	27.1%	25.7%	21.9%
1.6	4	5.6	11.4
–	+142.6%	+41.3%	+101.8%
1.50	3.65	5.15	10.40

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
10.9	10.9	10.9	10.9
24.3	28.1	32	40.5
−1.5	−1.1	−3.4	−1.8
11.3	13.7	16.1	18.9
44.9	51.7	55.5	68.5
16.9	15.9	15.1	17.8
0.4	0.1	–	4
0	0	11.7	19.3
27.6	35.7	28.7	27.4
44.9	51.7	55.5	68.5

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
7.4	0.5	5.2	1.8
−0.8	−0.4	−0.7	−0.7
−0.5	−0.1	−2.2	−2.7
6.1	−0	2.3	−1.6
−0.9	−0.8	−0.9	−4.3
6.5	−0.3	4.2	−2.5
–	–	−2.2	−2.7

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

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you