KSLIndustrials

Kalyani Steels Limited

Iron & Steel Products · ISIN INE907A01026 · BSE 500235 · NSE EQ · FV ₹5
Last price
₹971
+1.95%today
What this company does

Kalyani Steels Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹465 cr of revenue in its latest quarter (Q1 FY27) and kept 14.7% of sales as profit.

The Company manufactures products (steel and speciality steel) which are intermediate products (input materials) for customers who in turn finally produce finished products.
The Company is primarily engaged in the business of manufacture and sale of Iron and Steel Products.
The Company is an integrated manufacturer of diverse range of steel products with its manufacturing facility located at Hospet Works in Karnataka.
Their stated vision

To be the least cost preferred engineering steel long products manufacturer in the country.

In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 51–290 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)
61

At close. Not part of the score.

Profitability & returns69

How much profit it earns on the money it employs

Balance sheet70

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Growth & consistency52

Whether sales and profit have grown, and how steadily

Valuation16

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

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 11% vs last year
Promoters hold 65%
No promoter shares pledged
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in KSL?

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 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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 quarter + price
₹971 +1.95%
latest close · 2026-09-17
1-year return
+151.2%
52-wk low ₹26352-wk high ₹1,003
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 ratio15.5Average
LowAverageHigh
P/B ratio2.02Moderate
Below bookModerateHigh
EV / EBITDA10.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.0%Fair
WeakFairStrong ▸15%
Return on capital17.1%Strong
WeakFairStrong
Net margin14.7%Decent
ThinDecentStrong
EBITDA margin23.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.23Comfortable
LowModerateHigh ▸1
Interest cover52.0×Strong
RiskyOkayStrong ▸5×
Current ratio2.14Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹4,244 cr
Book value
₹481
EPS
₹15.63
latest quarter
Net debt
₹398 cr
owes more than its cash
Enterprise value
₹4,642 cr
EBITDA
₹429 cr
annualised
EBIT
₹375 cr
annualised
Operating margin
20.2%
Return on assets
9.1%
Earnings yield
6.44%
P/S
2.28
Sales / share
₹425.0
Tax rate
25.7%
Face value
₹5
Shares
4.4 cr
Working capital
₹909 cr
Current assets
₹1,709 cr
Current liabilities
₹800 cr
Delivery %
44.1%
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 quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹459 vs market price ₹971 — price is 111% above it
Safety cushion-111.4%(target ≥ +20%)
Models span ₹403₹781, midpoint ₹459
Model ₹459
Price ₹971
Cheap sideExpensive side

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 · Q1 FY27 (consolidated)
Revenue from Operations₹465 cr
Other Income₹16 cr
Total Income₹480 cr
Cost of Materials₹240 cr
Purchases of Stock-in-Trade₹4 cr
Inventory Change (±)₹7 cr
Employee Benefit Expense₹24 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹14 cr
Other Expenses₹99 cr
Total Expenses₹389 cr
Profit before Tax₹92 cr
Tax Expense₹24 cr
Net Profit₹68 cr
Net margin on total income14.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹251 cr52.1%
Employee benefit expense₹24 cr5.0%
Finance costs₹2 cr0.4%
Depreciation & amortisation₹14 cr2.8%
Other expenses₹99 cr20.5%
Tax expense₹24 cr4.9%
Profit for the period₹68 cr14.2%
Total income ₹480 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue462 cr484 cr465 cr
Total income477 cr499 cr480 cr
Expenses387 cr401 cr389 cr
Profit before tax83 cr98 cr92 cr
Tax22 cr26 cr24 cr
Net profit (owners' share)62 cr72 cr68 cr
Net margin (owners' share, on revenue)13.4%14.8%14.7%
EPS (₹)14.1916.4215.63
YoY (latest quarter): total income +4.9% · net profit +10.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,996 cr
Shareholder equity
₹2,105 cr
parent shareholders
Total debt
₹475 cr
Cash
₹77 cr
Cash flow · H1 FY26
Operating
₹140 cr
Investing
₹-77 cr
Financing
₹-71 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.03%
trailing 12 months
Dividend / share (TTM)
₹10
Last dividend
₹10
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹10 / share31 Jul 2026
Dividend₹10 / share11 Aug 2025
Dividend₹10 / share14 Aug 2024
Dividend₹10 / share11 Aug 2023
Dividend₹10 / share22 Jul 2022
Dividend₹7.5 / share26 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
64.7%
FII / Foreign
1.8%
DII / Domestic
11.5%
Retail / others
22.0%
Smart-money activity
Insider trades
BoughtSundaram Trading & Investment Private Limite · Promoter Group3.66 L · ₹10.9 cr15 Mar 18
BoughtSundaram Trading & Investment Private Limite · Promoter Group4.00 L · ₹11.7 cr13 Mar 18
BoughtSundaram Trading & Investment Private Limite · Promoter Group4.09 L · ₹11.8 cr12 Mar 18
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE2.20 L @ ₹913.4517 Jun 25
SoldGRAVITON RESEARCH CAPITAL LLP · NSE2.20 L @ ₹914.8317 Jun 25
short · NSE3627 Sep 24
Stake changes
SoldDSP Trustee Private Ltd on behalf of Schemes of DSP Mutual Fund→ 4.58% · 2.44 L17 Dec 24
BoughtQuant Mutual Fund→ 5.88% · 4.81 L2 Jul 24
BoughtQuant Mutual fund→ 5.88% · 4.81 L2 Jul 24
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Aug 2026
See the official result
1
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board Of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
62.50 L votes for, 58 against · 0% of mutual funds and other big investors said no
2
To declare dividend on Equity Shares for the Financial Year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
62.69 L votes for, 108 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr.M.U. Takale (DIN 01291287), who retires by rotation and being eligible, offers himself for re-appointment
⚑ Passed only because promoters voted yes
Backed by 45% of shareholders other than promotersneeded 50%
28.39 L votes for, 34.30 L against · 62% of mutual funds and other big investors said no
4
Re-appointment of Mr.B.N. Kalyani as a Director of the Company
⚑ Passed only because promoters voted yes
Backed by 53% of shareholders other than promotersneeded 75%
33.44 L votes for, 29.25 L against · 53% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

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 — 11 named members
owning 64.7% between them · as of 2026-06-30
BF Investment Limited39.06%
Sundaram Trading And Investment Pvt Ltd17.79%
Ajinkya Investment And Trading Company7.47%
KSMS Technologies Solutions Private Limited0.16%
Sunita Babasaheb Kalyani0.13%
Amit Babasaheb Kalyani0.07%
Ajinkyatara Trading Company Limited0.01%
Sugandha J Hiremath0.01%

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.

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