Kalyani Steels Ltd (IN:KSL)
:KSL
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Kalyani Steels Ltd
(KSL)
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Rating:75Outperform
Price Target:
₹971.00
▲(30.25% Upside)
Action:Reiterated
Date:05/11/26
Overall score is driven primarily by resilient fundamentals (healthy profitability and conservative leverage) and strong technical momentum with the stock trading above major moving averages. Valuation is supportive with a reasonable P/E, while the main risk factor is uneven cash-flow stability typical of a cyclical steel business.
Positive Factors
Balance sheet strength
A materially lower debt-to-equity ratio alongside a large equity base provides financial flexibility to absorb steel-cycle shocks, fund targeted capex or process upgrades, and preserve access to credit. This conservatism supports durable capital allocation and resilience over the next several quarters.
Negative Factors
Top-line cyclicality
Recurring revenue volatility reflects exposure to cyclical end markets (automotive, engineering). Choppy top-line trends reduce forecast visibility, raise working-capital pressure in downturns, and can force margin trade-offs if volumes decline, undermining medium-term cash and earnings predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A materially lower debt-to-equity ratio alongside a large equity base provides financial flexibility to absorb steel-cycle shocks, fund targeted capex or process upgrades, and preserve access to credit. This conservatism supports durable capital allocation and resilience over the next several quarters.
Read all positive factors
Kalyani Steels Ltd (KSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.74B
Dividend Yield1.36%
Average Volume (3M)2.47K
Price to Earnings (P/E)9.8
Beta (1Y)1.38
Revenue Growth-6.88%
EPS Growth0.63%
CountryIN
Employees94
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)59.76
Shares Outstanding43,653,060
10 Day Avg. Volume3,130
30 Day Avg. Volume2,469
Financial Highlights & Ratios
PEG Ratio15.52
Price to Book (P/B)1.20
Price to Sales (P/S)1.37
P/FCF Ratio25.00
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)65.93
Revenue Forecast (FY)₹20.19B
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 alloy and carbon steel long products (notably steel bars) to industrial customers. Revenue is generated from (1) sale of finished steel products, where pricing is influenced by steel grade, pr...
Kalyani Steels Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
80
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.27B | 18.46B | 19.82B | 19.59B | 18.99B | 16.96B |
| Gross Profit | 5.48B | 4.03B | 5.57B | 5.29B | 4.28B | 4.41B |
| EBITDA | 4.12B | 3.61B | 3.73B | 4.20B | 3.02B | 3.85B |
| Net Income | 2.61B | 2.58B | 2.56B | 2.49B | 1.67B | 2.43B |
Balance Sheet | ||||||
| Total Assets | 28.23B | 29.96B | 27.32B | 25.73B | 23.51B | 22.58B |
| Cash, Cash Equivalents and Short-Term Investments | 5.59B | 8.25B | 7.48B | 5.87B | 7.48B | 9.73B |
| Total Debt | 4.28B | 4.75B | 4.38B | 5.96B | 5.06B | 4.38B |
| Total Liabilities | 8.52B | 8.91B | 8.41B | 8.93B | 8.61B | 8.90B |
| Stockholders Equity | 19.71B | 21.05B | 18.91B | 16.80B | 14.89B | 13.67B |
Cash Flow | ||||||
| Free Cash Flow | 1.05B | 1.01B | 3.57B | -2.58B | -2.37B | 1.87B |
| Operating Cash Flow | 1.39B | 1.62B | 3.82B | 3.02B | -1.26B | 3.62B |
| Investing Cash Flow | -762.18M | -1.62B | -1.35B | -2.83B | 1.53B | -4.74B |
| Financing Cash Flow | -710.35M | -62.19M | -2.52B | -96.75M | -390.48M | 1.23B |
Kalyani Steels Ltd Technical Analysis
Positive
745.50
Price Trends
733.43
Positive
731.65
Positive
774.42
Positive
Market Momentum
24.78
Positive
55.72
Neutral
22.15
Neutral
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 below the 20-day moving average (MA) of 830.18, above the 50-day MA of 733.43, and below the 200-day MA of 774.42, indicating a neutral trend. The MACD of 24.78 indicates Positive momentum. The RSI at 55.72 is Neutral, neither overbought nor oversold. The STOCH value of 22.15 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹35.74B | 9.78 | ― | 1.36% | -6.88% | 0.63% | |
65 Neutral | ₹179.37B | 31.98 | ― | 0.60% | -13.35% | -11.28% | |
63 Neutral | ₹607.64B | 18.34 | ― | 0.38% | 9.27% | 27.44% | |
62 Neutral | ₹62.97B | 20.39 | ― | 0.28% | 6.72% | 30.63% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹1.25T | 27.10 | ― | 0.20% | 6.95% | 18.97% | |
53 Neutral | ₹20.38B | 47.87 | ― | 1.50% | >-0.01% | 696.12% |
* Basic Materials Sector Average
IN:KSL
Kalyani Steels Ltd
818.75
29.92
3.79%
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Kalyani Steels Ltd Corporate Events
Kalyani Steels Posts Robust FY26 Results, Publishes Audited Financials
May 11, 2026
Kalyani Steels reported audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, publishing extracts in major dailies in compliance with SEBI listing regulations. The company posted annual consolidated r...
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.