Kalyani Forge Limited (IN:KALYANIFRG)
:KALYANIFRG
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Kalyani Forge Limited
(KALYANIFRG)
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Rating:62Neutral
Price Target:
₹628.00
▼(-0.32% Downside)
Action:ReiteratedDate:02/14/26
The score is driven primarily by mixed fundamentals: improved profitability is offset by negative free cash flow and balance-sheet leverage risk. Technicals are supportive with price above key moving averages and positive MACD, but valuation is a notable headwind due to a high P/E and low dividend yield.
Positive Factors
Margin Improvement
Sustained strong gross margins and improving net margins point to durable cost control and improved pricing or higher-value product mix. Over 2–6 months this enhances cash generation potential per unit sold and supports reinvestment into machining capacity and quality controls.
Negative Factors
Negative Free Cash Flow
Consistent negative free cash flow constrains the company’s ability to self-fund investments, repay debt, or build reserves. Reliance on external financing increases refinancing and covenant risk and may force delayed maintenance or capex, hurting long-term competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Improvement
Sustained strong gross margins and improving net margins point to durable cost control and improved pricing or higher-value product mix. Over 2–6 months this enhances cash generation potential per unit sold and supports reinvestment into machining capacity and quality controls.
Read all positive factors
Kalyani Forge Limited (KALYANIFRG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.03B
Dividend Yield0.62%
Average Volume (3M)713.00
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue Growth0.76%
EPS Growth17.16%
CountryIN
Employees851
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.33
Shares Outstanding3,638,000
10 Day Avg. Volume1,785
30 Day Avg. Volume713
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)2.05
Price to Sales (P/S)0.78
P/FCF Ratio-19.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kalyani Forge Limited Business Overview & Revenue Model
Company Description
Kalyani Forge Limited, an engineering company, engages in the manufacture and sale of forged, machined, and assembled products for automotive; construction; power generation; marine; industrial good; and railway industries in India. The company of...
How the Company Makes Money
Kalyani Forge Limited primarily makes money by manufacturing and selling forged and machined metal components to OEMs and tiered suppliers in sectors such as automotive and industrial engineering. Revenue is generated from (1) product sales of clo...
Kalyani Forge Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.37B | 2.37B | 2.36B | 2.65B | 2.46B | 1.80B |
| Gross Profit | 1.19B | 767.77M | 696.85M | 658.91M | 185.55M | 83.01M |
| EBITDA | 270.14M | 265.12M | 173.17M | 152.62M | 193.79M | 133.59M |
| Net Income | 76.01M | 83.15M | 45.50M | -1.84M | 31.33M | -17.60M |
Balance Sheet | ||||||
| Total Assets | 2.59B | 2.30B | 2.05B | 1.81B | 1.83B | 1.83B |
| Cash, Cash Equivalents and Short-Term Investments | 31.40M | 29.09M | 59.34M | 10.29M | 18.66M | 1.03M |
| Total Debt | 908.00M | 715.68M | 609.12M | 381.93M | 264.88M | 273.21M |
| Total Liabilities | 1.67B | 1.41B | 1.23B | 1.03B | 805.15M | 829.10M |
| Stockholders Equity | 920.17M | 896.87M | 820.07M | 777.02M | 1.03B | 1.00B |
Cash Flow | ||||||
| Free Cash Flow | -137.42M | -95.58M | -159.55M | -101.45M | 64.52M | 60.05M |
| Operating Cash Flow | -24.96M | 147.92M | 100.04M | -25.00M | 111.22M | 74.22M |
| Investing Cash Flow | -112.17M | -243.50M | -258.49M | -58.45M | -41.37M | -12.64M |
| Financing Cash Flow | 141.23M | 96.34M | 157.34M | 75.08M | -52.21M | -74.93M |
Kalyani Forge Limited Technical Analysis
Positive
630.00
Price Trends
601.34
Negative
622.72
Negative
668.60
Negative
Market Momentum
-4.77
Negative
51.27
Neutral
70.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KALYANIFRG, the sentiment is Positive. The current price of 630 is above the 20-day moving average (MA) of 573.28, above the 50-day MA of 601.34, and below the 200-day MA of 668.60, indicating a neutral trend. The MACD of -4.77 indicates Negative momentum. The RSI at 51.27 is Neutral, neither overbought nor oversold. The STOCH value of 70.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KALYANIFRG.
Kalyani Forge Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹325.16B | 49.42 | ― | 0.65% | 7.34% | 2.27% | |
72 Outperform | ₹21.34B | 24.91 | ― | 1.07% | -4.47% | -17.62% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹2.03B | -483.49 | ― | 0.62% | 0.76% | 17.16% | |
54 Neutral | ₹96.31B | 174.30 | ― | 0.38% | -4.73% | -19.52% | |
47 Neutral | ₹5.58B | 204.12 | ― | 0.48% | 4.69% | -124.17% |
* Industrials Sector Average
IN:KALYANIFRG
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Kalyani Forge Limited Corporate Events
Kalyani Forge Shareholders Approve Appointment of Independent Director via Postal Ballot
Mar 6, 2026
Kalyani Forge Limited has disclosed the results of a postal ballot in which shareholders approved the appointment of Mr. Viswanathan Swaminathan as an independent director on the company’s board. The resolution, conducted through remote e-vo...
Kalyani Forge Announces Resignation of Company Secretary and Compliance Officer
Feb 21, 2026
Kalyani Forge Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Aishwarya Parwal, effective from the close of business on February 21, 2026. The company stated that the key managerial personnel is stepping ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.