About
Kalyani Steels Limited manufactures and sells iron and steel products. 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, material handling, etc.; and steel for use in the earthmoving, cement, sugar, steel, coal, shipbuilding, and oilfield industries, as well as general engineering equipment. In addition, the company provides round cast for seamless tube sector. Further, it offers machined bars for aluminum smelting industry. The company serves various component manufacturers of commercial vehicles, passenger vehicles, two wheelers, diesel engines, bearings, tractors, wind turbines, oil and gas, and railways in India and internationally. The company was incorporated in 1973 and is based in Pune, India.
Key Metrics
as of Sep 2026Market Cap4,106 Cr
P/E15.20
Div Yield1.06 %
Book Value₹482.00
52w High₹983.00
52w Low₹574.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 465.00 | 484.00 | 462.00 | 456.00 | 443.00 | 544.00 | 484.00 | 492.00 | 461.00 | 449.00 | 407.00 | 461.00 | 390.00 |
| Expenses | 373.00 | 385.00 | 371.00 | 371.00 | 357.00 | 430.00 | 401.00 | 396.00 | 382.00 | 352.00 | 346.00 | 375.00 | 294.00 |
| Operating Profit | 91.00 | 99.00 | 92.00 | 85.00 | 85.00 | 114.00 | 83.00 | 96.00 | 79.00 | 97.00 | 61.00 | 86.00 | 96.00 |
| OPM % | 20.00 | 20.00 | 20.00 | 19.00 | 19.00 | 21.00 | 17.00 | 20.00 | 17.00 | 22.00 | 15.00 | 19.00 | 25.00 |
| Other Income | 16.00 | 14.00 | 8.00 | 15.00 | 15.00 | 14.00 | 13.00 | 15.00 | 13.00 | 15.00 | 12.00 | 13.00 | 12.00 |
| Depreciation | 14.00 | 14.00 | 14.00 | 15.00 | 15.00 | 16.00 | 16.00 | 16.00 | 16.00 | 12.00 | 12.00 | 11.00 | 11.00 |
| Interest | 2.00 | 1.00 | 2.00 | 2.00 | 3.00 | 4.00 | 6.00 | 5.00 | 4.00 | 3.00 | 4.00 | 4.00 | 3.00 |
| Profit before tax | 92.00 | 98.00 | 83.00 | 84.00 | 83.00 | 108.00 | 76.00 | 90.00 | 72.00 | 96.00 | 58.00 | 83.00 | 93.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 25.00 | 25.00 | 28.00 | 24.00 | 26.00 | 26.00 | 25.00 |
| Net Profit | 68.00 | 72.00 | 62.00 | 63.00 | 62.00 | 80.00 | 56.00 | 67.00 | 52.00 | 73.00 | 43.00 | 62.00 | 70.00 |
| EPS in Rs | 15.63 | 16.42 | 14.19 | 14.33 | 14.13 | 18.37 | 12.93 | 15.44 | 11.96 | 15.95 | 9.80 | 14.15 | 16.02 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,846.00 | 1,982.00 | 1,959.00 | 1,706.00 | 1,188.00 | 1,199.00 | 1,407.00 | 1,345.00 | 1,257.00 | 1,180.00 | 989.00 | 950.00 |
| Expenses | 1,484.00 | 1,609.00 | 1,588.00 | 1,368.00 | 925.00 | 1,005.00 | 1,194.00 | 1,141.00 | 970.00 | 1,004.00 | 978.00 | 868.00 |
| Operating Profit | 361.00 | 373.00 | 371.00 | 338.00 | 263.00 | 194.00 | 212.00 | 204.00 | 287.00 | 177.00 | 11.00 | 83.00 |
| OPM % | 20.00 | 19.00 | 19.00 | 20.00 | 22.00 | 16.00 | 15.00 | 15.00 | 23.00 | 15.00 | 1.10 | 9.00 |
| Other Income | 52.00 | 55.00 | 49.00 | 52.00 | 43.00 | 23.00 | 25.00 | 17.00 | 14.00 | 61.00 | 51.00 | 57.00 |
| Interest | 9.00 | 19.00 | 26.00 | 13.00 | 7.00 | 10.00 | 7.00 | 9.00 | 10.00 | 12.00 | 28.00 | 19.00 |
| Depreciation | 57.00 | 63.00 | 61.00 | 46.00 | 44.00 | 43.00 | 38.00 | 37.00 | 52.00 | 52.00 | 32.00 | 19.00 |
| Profit before tax | 348.00 | 346.00 | 333.00 | 331.00 | 255.00 | 165.00 | 192.00 | 175.00 | 239.00 | 174.00 | 2.00 | 102.00 |
| Tax % | 26.00 | 26.00 | 25.00 | 25.00 | 25.00 | 19.00 | 32.00 | 34.00 | 35.00 | 35.00 | -112.00 | 25.00 |
| Net Profit | 258.00 | 256.00 | 249.00 | 248.00 | 190.00 | 134.00 | 131.00 | 115.00 | 156.00 | 113.00 | 4.00 | 88.00 |
| EPS in Rs | 59.07 | 58.70 | 56.99 | 55.93 | 43.59 | 31.29 | 30.17 | 26.48 | 35.79 | 25.99 | 0.82 | 20.04 |
| Dividend Payout % | 17.00 | 17.00 | 18.00 | 18.00 | 17.00 | 16.00 | 17.00 | 19.00 | 0.00 | 0.00 | 0.00 | 20.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 44.00 | 44.00 |
| Reserves | 2,083.00 | 1,870.00 | 1,658.00 | 1,346.00 | 1,131.00 | 941.00 | 868.00 | 763.00 | 679.00 | 567.00 | 516.00 | 519.00 |
| Borrowings | 475.00 | 438.00 | 596.00 | 340.00 | 173.00 | 5.00 | 25.00 | 176.00 | 245.00 | 327.00 | 249.00 | 226.00 |
| Other Liabilities | 416.00 | 403.00 | 297.00 | 551.00 | 324.00 | 397.00 | 416.00 | 320.00 | 416.00 | 340.00 | 307.00 | 393.00 |
| Total Liabilities | 2,996.00 | 2,732.00 | 2,573.00 | 2,258.00 | 1,650.00 | 1,364.00 | 1,332.00 | 1,280.00 | 1,362.00 | 1,256.00 | 1,115.00 | 1,182.00 |
| Fixed Assets | 627.00 | 678.00 | 734.00 | 358.00 | 382.00 | 418.00 | 423.00 | 437.00 | 436.00 | 545.00 | 256.00 | 261.00 |
| CWIP | 560.00 | 429.00 | 381.00 | 154.00 | 11.00 | 5.00 | 7.00 | 7.00 | 7.00 | 3.00 | 15.00 | 26.00 |
| Investments | 11.00 | 3.00 | 41.00 | 147.00 | 144.00 | 177.00 | 359.00 | 272.00 | 226.00 | 181.00 | 382.00 | 279.00 |
| Other Assets | 1,798.00 | 1,622.00 | 1,418.00 | 1,597.00 | 1,113.00 | 763.00 | 543.00 | 563.00 | 692.00 | 527.00 | 463.00 | 616.00 |
| Total Assets | 2,996.00 | 2,732.00 | 2,573.00 | 2,258.00 | 1,650.00 | 1,364.00 | 1,332.00 | 1,280.00 | 1,362.00 | 1,256.00 | 1,115.00 | 1,182.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 141.00 | 382.00 | 323.00 | 362.00 | 62.00 | 257.00 | 286.00 | 191.00 | 152.00 | 160.00 | 98.00 | -66.00 |
| Cash from Investing Activity | -105.00 | -135.00 | -304.00 | -474.00 | -226.00 | -183.00 | -116.00 | -77.00 | -38.00 | -255.00 | -66.00 | -40.00 |
| Cash from Financing Activity | -42.00 | -252.00 | -10.00 | 123.00 | 160.00 | -80.00 | -181.00 | -105.00 | -98.00 | 97.00 | -28.00 | 105.00 |
| Net Cash Flow | -6.00 | -5.00 | 9.00 | 11.00 | -3.00 | -6.00 | -12.00 | 10.00 | 16.00 | 2.00 | 3.00 | -1.00 |
| Free Cash Flow | 80.00 | 357.00 | -253.00 | 187.00 | 46.00 | 223.00 | 264.00 | 158.00 | 139.00 | 76.00 | 81.00 | -146.00 |
| CFO/OP % | 63.00 | 125.00 | 108.00 | 133.00 | 48.00 | 159.00 | 163.00 | 124.00 | 84.00 | 120.00 | 1,022.00 | -57.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 98.00 | 79.00 | 78.00 | 68.00 | 77.00 | 72.00 | 80.00 | 102.00 | 135.00 | 107.00 | 50.00 | 82.00 |
| Inventory Days | 102.00 | 95.00 | 93.00 | 82.00 | 71.00 | 74.00 | 71.00 | 53.00 | 81.00 | 90.00 | 83.00 | 100.00 |
| Days Payable | 96.00 | 96.00 | 67.00 | 172.00 | 140.00 | 184.00 | 153.00 | 88.00 | 147.00 | 120.00 | 63.00 | 130.00 |
| Cash Conversion Cycle | 104.00 | 78.00 | 105.00 | -22.00 | 7.00 | -39.00 | -1.00 | 67.00 | 69.00 | 77.00 | 70.00 | 53.00 |
| Working Capital Days | 17.00 | 1.00 | 4.00 | -18.00 | -11.00 | 11.00 | 26.00 | 24.00 | 27.00 | 30.00 | 71.00 | 102.00 |
| ROCE % | 15.00 | 16.00 | — | 23.00 | 23.00 | 18.00 | 20.00 | 19.00 | 27.00 | — | 4.00 | 18.00 |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 31 Jul 2026 | 31 Jul 2026 | — | 10.00 | |
| Dividend | 11 Aug 2025 | 11 Aug 2025 | — | 10.00 | |
| Dividend | 14 Aug 2024 | — | — | 10.00 | |
| Dividend | 11 Aug 2023 | — | — | 10.00 | |
| Dividend | 22 Jul 2022 | — | — | 10.00 | |
| Dividend | 26 Aug 2021 | — | — | 7.50 | |
| Dividend | 12 Mar 2020 | 13 Mar 2020 | — | 5.00 | |
| Dividend | 16 Aug 2019 | — | — | 5.00 | |
| Dividend | 10 Aug 2018 | — | — | 5.00 | |
| Dividend | 24 Jul 2017 | — | — | 5.00 | |
| Other | 09 Aug 2016 | — | — | — | Annual General Meeting |
| Other | 11 Aug 2015 | — | — | — | Annual General Meeting |
| Dividend | 27 Aug 2014 | — | — | 3.00 | |
| Dividend | 18 Jul 2013 | — | — | 1.50 | |
| Dividend | 19 Jul 2012 | — | — | 1.00 | |
| Dividend | 04 Aug 2011 | — | — | 2.00 | |
| Dividend | 12 Aug 2010 | — | — | 1.25 | |
| Other | 22 Apr 2010 | 23 Apr 2010 | — | — | Scheme of Arrangement |
| Dividend | 13 Aug 2008 | — | — | 4.00 | |
| Dividend | 02 Aug 2007 | — | — | 4.00 | |
| Other | 10 Jul 2000 | — | — | — | General |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update31 Jul from icra
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Rating update22 Jul from care
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Rating update15 Dec 2025 from care
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Rating update31 Jul 2025 from icra
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Rating update4 Dec 2024 from care
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Rating update19 Jul 2024 from icra