KALANA

Kalana Ispat Limited

Listed company · ISIN INE0T0L01014 · NSE SM · FV ₹10
Last price
₹19
+3.06%today
What this company does

Kalana Ispat Limited is a listed company. It booked ₹27 cr of revenue in its latest half year (H2 FY26) and kept 3.6% of sales as profit.

56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,334–2,885 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns28

How much profit it earns on the money it employs

Balance sheet75

How much it owes, and whether earnings cover the interest

Cash quality24

Whether reported profit actually arrives as cash

Valuation78

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 67%
✓ No promoter shares pledged
✓ Virtually debt-free
Watch-outs
! Thin 3.6% net margin
! Low 6.2% return on equity

What if I invest in KALANA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹19▲ +3.06%
latest close · 2026-10-01
52-wk low ₹1745 sessions so far52-wk high ₹27
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.7Low
LowAverageHigh
P/B ratio0.78Below book
Below bookModerateHigh
EV / EBITDA8.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.2%Weak
WeakFairStrong ▸15%
Return on capital6.5%Weak
WeakFairStrong
Net margin3.6%Thin
ThinDecentStrong
EBITDA margin5.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.07Comfortable
LowModerateHigh ▸1
Interest cover12.6×Strong
RiskyOkayStrong ▸5×
Current ratio3.38Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹24 cr
Book value
₹24
EPS
₹0.73
latest half year
Net debt
₹-40.8 L
more cash than debt
Enterprise value
₹24 cr
EBITDA
₹3 cr
annualised
EBIT
₹3 cr
annualised
Operating margin
5.4%
Return on assets
3.8%
Earnings yield
7.89%
P/S
0.45
Sales / share
₹41.4
Tax rate
29.2%
Face value
₹10
Shares
1.3 cr
Working capital
₹12 cr
Current assets
₹17 cr
Current liabilities
₹5 cr
Delivery %
91.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹27 cr
Other Income₹41.4 L
Total Income₹27 cr
Cost of Materials₹20 cr
Purchases of Stock-in-Trade₹96.4 L
Inventory Change (±)₹40.1 L
Employee Benefit Expense₹40.1 L
Finance Costs₹11.6 L
Other Expenses₹4 cr
Total Expenses₹26 cr
Profit before Tax₹1 cr
Tax Expense₹39.5 L
Net Profit₹95.9 L
Net margin on total income3.5%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹22 cr78.5%
Employee benefit expense₹40.1 L1.5%
Finance costs₹11.6 L0.4%
Other expenses₹4 cr14.6%
Tax expense₹39.5 L1.4%
Profit for the period₹95.9 L3.5%
Total income ₹27 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26
Revenue25 cr27 cr
Total income26 cr27 cr
Expenses26 cr26 cr
Profit before tax1.1 L1 cr
Tax0.23 L39.5 L
Net profit (owners' share)0.85 L95.9 L
Net margin (owners' share, on revenue)0.0%3.6%
EPS (₹)0.010.73
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹50 cr
Shareholder equity
₹31 cr
parent shareholders
Total debt
₹2 cr
Cash
₹3 cr
Who owns it · 2026-09-05
No pledge
Promoter
66.9%
Public
33.1%
Promoter stake up 4.7% over the last 5 quarters.
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 34 named members
owning 66.9% between them · as of 2026-09-05
VARGHESE JOSEPH POTTAKERRY19.63%
AFTABHUSEN S KHANDWAWALA19.30%
SADIK QURESHI9.46%
GURUBAXSING JAMIATSING BAGGA8.19%
MIT IRON AND STEEL PRIVATE LIMITED6.85%
PASHMIN AFTAB KHANDWAWALA1.37%
RIYA VARGHESE POTTAKERRY1.37%
ZAKIR N QURESHI0.70%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
1 fundraise spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹33 cr raised in Sep 2024 by selling shares to the public
⚑ company reported a change of plan

As of Mar 2026, the company says it has spent 94% of what it set aside.

“The company at the time of initial public offer had proposed to install the 4 MW DC and 3.5 MW AC Ground Mounted Solar Power Plant. However due to change in provision of electricity Promoting renewable energy through Green Energy open Access Rules 2022 regarding Ref 1 MoP notification No 23.09.2021 RandR dtd. 21.08.2024 via letter no. GUVNL/0079/08/2024 under clause82 of rules 2022 issued by Gujarat Urja Vikas Nigam Limited regarding the consumption capacity from The permitted quantum of banked energy by the green energy open access consumers shall be at least 30.00% of total consumption of electricity from the distribution licensee by the consumers during the billing period to Permitted quantum of banked energy by the green energy open access consumers shall be maximum upto 30.00% of total consumption of electricity from the distribution licensee by the consumers. However, Due to the above said changes the maximum consumption of the electricity is upto 30.00% only. therefore, the company has now proposed to install 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02. Further, the board has also received the revised quotation from Solar Energy Private Limited for installation of solar Plant of Rs. 1103.65 In lakhs which costs company less than the earlier quoted for installation of Solar Plant. In Continuation the Board intends to use Rs. 1195.10 i.e. deviated amount of abovementioned object no.01 in object no.02. i.e. Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etc”the company’s own explanation, as filed · shareholders approved the change
Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant -TPSAT Structure
now filed as: Capital Expenditure for Installation of 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02 TPSAT Structure.
budget changed
82%
of what was set aside
Capital expenditure for setting up of rolling mill at Survey No. 4 1 Taluka Sanand, Mouje Kalana village Ahmedabad by construction of the industrial Shed, purchase of equipment machineries other assets etc.
now filed as: Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam, District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etc.
budget changed
100%
of what was set aside
Issue related expenses
100%
of what was set aside
General corporate purpose
100%
of what was set aside
Total
94%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.