Kalyani Investment Co. Ltd. (IN:KICL)
:KICL
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Kalyani Investment Co. Ltd.
(KICL)
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Select Model
Rating:57Neutral
Price Target:
₹4,368.00
▼(-12.42% Downside)
Action:N/ADate:01/04/26
The score is held back primarily by consistently negative operating/free cash flow despite strong reported profitability, raising cash-conversion and earnings-quality concerns. A very strong, debt-free balance sheet provides meaningful support, while technicals are mixed and valuation is stretched due to the high P/E and lack of dividend yield data.
Positive Factors
Debt-free balance sheet
Zero reported debt and a conservative balance-sheet posture provide durable financial flexibility. Over a 2–6 month horizon this reduces bankruptcy and refinancing risk, preserves capacity to fund opportunistic investments or buffer cash-flow variability, and lowers fixed interest burden.
Negative Factors
Negative operating & free cash flow
Persistent negative operating and free cash flows across multiple years create a recurring gap between reported profits and cash conversion. This undermines sustainable self-funding, increases dependence on balance-sheet liquidity, and raises risk that earnings are less durable than reported figures.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and a conservative balance-sheet posture provide durable financial flexibility. Over a 2–6 month horizon this reduces bankruptcy and refinancing risk, preserves capacity to fund opportunistic investments or buffer cash-flow variability, and lowers fixed interest burden.
Read all positive factors
Kalyani Investment Co. Ltd. (KICL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.74B
Dividend YieldN/A
Average Volume (3M)505.00
Price to Earnings (P/E)316.9
Beta (1Y)1.72
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)3.92
Shares Outstanding4,365,306
10 Day Avg. Volume218
30 Day Avg. Volume505
Financial Highlights & Ratios
PEG Ratio12.06
Price to Book (P/B)0.21
Price to Sales (P/S)31.02
P/FCF Ratio-161.73
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 Investment Co. Ltd. Business Overview & Revenue Model
Company Description
Kalyani Investment Company Limited, a non-deposit taking core investment company, invests in listed and unlisted companies in India. It invests in companies of various sectors, including forging, steel, chemical, power generation, and banking. The...
How the Company Makes Money
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Kalyani Investment Co. Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 657.57M | 599.80M | 536.32M | 471.76M | 273.35M | 670.00K |
| Gross Profit | 594.30M | 594.90M | 531.78M | 467.37M | 262.81M | -16.13M |
| EBITDA | 517.74M | 531.35M | 587.38M | 463.41M | 240.74M | 14.12M |
| Net Income | 446.55M | 715.44M | 700.53M | 580.82M | 571.74M | 345.85M |
Balance Sheet | ||||||
| Total Assets | 96.16B | 93.10B | 87.79B | 60.15B | 54.66B | 47.41B |
| Cash, Cash Equivalents and Short-Term Investments | 2.92B | 89.74B | 84.57B | 57.13B | 51.87B | 44.95B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.34B | 5.94B | 4.74B | 1.64B | 1.15B | 1.13B |
| Stockholders Equity | 89.82B | 87.16B | 83.04B | 58.51B | 53.51B | 46.28B |
Cash Flow | ||||||
| Free Cash Flow | -140.86M | -115.03M | -121.34M | -35.62M | -92.95M | -230.77M |
| Operating Cash Flow | -140.86M | -161.43M | -121.34M | -35.62M | -92.95M | -230.77M |
| Investing Cash Flow | 167.24M | 162.62M | 120.80M | 36.30M | 93.21M | 229.53M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Kalyani Investment Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹29.95B | 23.71 | ― | 0.92% | 5.73% | 12.29% | |
62 Neutral | ₹13.37B | 4.34 | ― | ― | ― | ― | |
59 Neutral | ₹16.78B | 31.03 | ― | ― | ― | ― | |
57 Neutral | ₹18.74B | 316.94 | ― | ― | ― | ― | |
56 Neutral | ₹17.41B | 11.02 | ― | ― | -17.15% | 124.47% | |
43 Neutral | ₹12.79B | 13.46 | ― | ― | 33.99% | 11.65% |
* Financial Sector Average
IN:KICL
Kalyani Investment Co. Ltd.
4,292.65
43.10
1.01%
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Kalyani Investment Co. Ltd. Corporate Events
Exchange Seeks Clarification From Kalyani Investment on Q2 FY26 Results
Jan 9, 2026
The stock exchange has sought clarification from Kalyani Investment Company Limited regarding its financial results for the quarter ended 30 September 2025, specifically in relation to compliance with Regulation 33 of the SEBI (Listing Obligations...
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.