Kalyani Steels Ltd (IN:KSL)
:KSL
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Kalyani Steels Ltd
(KSL)
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Rating:77Outperform
Price Target:
₹925.00
▲(24.08% Upside)
Action:UpgradedDate:04/23/26
The score is driven primarily by strong financial performance (growth, stable profitability, low leverage, and improving free cash flow). Technicals are supportive of the uptrend but are tempered by overextended momentum readings, while valuation is reasonable with a modest dividend yield.
Positive Factors
Margin sustainability
Stable gross and net margins and robust EBIT/EBITDA margins indicate durable operational efficiency in specialty long-product steel. That margin resilience supports consistent internal cash generation and protects profitability through raw-material cycles, enabling reinvestment and competitive positioning over months.
Negative Factors
Recent revenue softness
Negative recent revenue growth suggests end-market softness or lost volumes. For a steel manufacturer serving automotive and engineering, sustained top-line declines compress fixed-cost absorption and can erode margins and free cash flow, making earnings and capex planning more uncertain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin sustainability
Stable gross and net margins and robust EBIT/EBITDA margins indicate durable operational efficiency in specialty long-product steel. That margin resilience supports consistent internal cash generation and protects profitability through raw-material cycles, enabling reinvestment and competitive positioning over months.
Read all positive factors
Kalyani Steels Ltd (KSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹34.80B
Dividend Yield1.36%
Average Volume (3M)2.47K
Price to Earnings (P/E)13.6
Beta (1Y)1.35
Revenue Growth-1.80%
EPS Growth11.03%
CountryIN
Employees94
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)14.00
Shares Outstanding43,653,060
10 Day Avg. Volume3,130
30 Day Avg. Volume2,469
Financial Highlights & Ratios
PEG Ratio4.33
Price to Book (P/B)1.76
Price to Sales (P/S)1.68
P/FCF Ratio9.33
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 Steels Ltd Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
KSL primarily makes money by manufacturing and selling specialty steel products (notably alloy and carbon steel long products) to business customers, with revenue recognized from the sale of these steel goods. Its key revenue stream is the realiza...
Kalyani Steels Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.27B | 19.82B | 19.59B | 18.99B | 16.96B | 11.66B |
| Gross Profit | 5.48B | 5.57B | 5.29B | 4.28B | 4.41B | 3.51B |
| EBITDA | 4.12B | 3.73B | 4.20B | 3.02B | 3.85B | 2.63B |
| Net Income | 2.61B | 2.56B | 2.49B | 1.67B | 2.43B | 1.90B |
Balance Sheet | ||||||
| Total Assets | 28.23B | 27.32B | 25.73B | 23.51B | 22.58B | 16.50B |
| Cash, Cash Equivalents and Short-Term Investments | 5.59B | 7.48B | 5.87B | 7.48B | 9.73B | 6.25B |
| Total Debt | 4.28B | 4.38B | 5.96B | 5.06B | 4.38B | 1.73B |
| Total Liabilities | 8.52B | 8.41B | 8.93B | 8.61B | 8.90B | 5.01B |
| Stockholders Equity | 19.71B | 18.91B | 16.80B | 14.89B | 13.67B | 11.53B |
Cash Flow | ||||||
| Free Cash Flow | 1.05B | 3.57B | -2.58B | -2.37B | 1.87B | 393.74M |
| Operating Cash Flow | 1.39B | 3.82B | 3.02B | -1.26B | 3.62B | 553.93M |
| Investing Cash Flow | -762.18M | -1.35B | -2.83B | 1.53B | -4.74B | -2.19B |
| Financing Cash Flow | -710.35M | -2.52B | -96.75M | -390.48M | 1.23B | 1.60B |
Kalyani Steels Ltd Technical Analysis
Positive
745.50
Price Trends
700.81
Positive
716.39
Positive
784.04
Negative
Market Momentum
3.23
Negative
65.11
Neutral
95.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KSL, the sentiment is Positive. The current price of 745.5 is above the 20-day moving average (MA) of 652.11, above the 50-day MA of 700.81, and below the 200-day MA of 784.04, indicating a neutral trend. The MACD of 3.23 indicates Negative momentum. The RSI at 65.11 is Neutral, neither overbought nor oversold. The STOCH value of 95.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KSL.
Kalyani Steels Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹34.80B | 13.58 | ― | 1.36% | -1.80% | 11.03% | |
71 Outperform | ₹632.21B | 20.86 | ― | 0.38% | 8.42% | 21.74% | |
68 Neutral | ₹182.43B | 37.97 | ― | 0.60% | 3.17% | 10.59% | |
62 Neutral | ₹51.67B | 20.39 | ― | 0.28% | 6.72% | 30.63% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹1.28T | 140.76 | ― | 0.20% | 0.24% | -51.86% | |
51 Neutral | ₹20.08B | 47.87 | ― | 1.50% | -5.87% | -36.15% |
* Basic Materials Sector Average
IN:KSL
Kalyani Steels Ltd
797.10
96.91
13.84%
IN:JINDALSTEL
Jindal Steel & Power Ltd.
1,277.75
384.52
43.05%
IN:JSL
Jindal Stainless Limited
770.95
206.61
36.61%
IN:MUKANDLTD
Mukand Limited
140.65
41.19
41.41%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,693.75
5.95
0.22%
IN:SUNFLAG
Sunflag Iron & Steel Co. Ltd.
295.95
56.08
23.38%
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.