KSL

FAIRLY_VALUED

Kalyani Steels Limited

Capital Goods · NSE

16.4% vs fair value

52W Low

574

+44.6% from low

52W High

989

-16.1% from high

News sentiment
9 bull40 neu5 bear

Valuation Gauge

FAIRLY_VALUED-16.4% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹830

Fair Value

₹713

Fair Value Analysis

₹713

Based on balance sheet strength analysis and earnings growth potential for Capital Goods sector companies | Sector-cheap: P/E at 6th percentile vs sector peers.

Medium confidence

Balance Sheet Value

71% weight

₹763

Growth Valuation

29% weight

₹589

Price vs Market

KSL
Nifty 50

Shareholding Pattern

Stock Health Score

B+

Financially Healthy

8 / 10

Profitability

8/10

ROE of 12.7% is acceptable for Capital Goods sector (benchmark: 15%)

Debt & Leverage

10/10

D/E ratio of 0.2x is well within the Capital Goods sector norm of 2.0x — strong balance sheet

Valuation vs Peers

10/10

P/E of 14.1x trades at a 87% discount to Capital Goods sector median (112x) — attractively valued

Cash Flow

10/10

FCF margin of 18.2% — exceptional cash generation (₹357 Cr)

Earnings Growth

4/10

5yr EPS CAGR of 1.8% is well below Capital Goods sector average of 42.2%

Dividend

6/10

Dividend yield of 1.2% provides moderate shareholder returns

Company Health Timeline

10-year financial health at a glance

FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY24
FY25
FY26
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
86
100
100
88
88
75
88
100
88
88
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

1.0%

Free cash flow / market cap

Revenue Growth (YoY)

+9.0%

Year-on-year revenue change

Profit Growth (YoY)

+21.3%

Year-on-year PAT change

Operating Cash Flow

₹141 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹57.3

P/E Ratio

14.1x

P/B Ratio

1.7x

ROE

12.7%

ROCE

18.7%

Debt / Equity

0.22x

Beta

Div Yield

1.2%

FCF (Cr)

₹357 Cr

Revenue (Cr)

₹1,957 Cr

EPS Growth 5Y

1.8%

Mkt Cap (Cr)

₹3,554 Cr

52W High

₹988.8

52W Low

₹574

Book Value/Share

₹480.1

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
2026-03-31₹1.8K Cr₹361 Cr20.0%₹258 Cr₹59.07
2025-03-31₹2.0K Cr₹373 Cr19.0%₹256 Cr₹58.70
2024-03-31₹2.0K Cr₹371 Cr19.0%₹249 Cr₹56.99
2022-03-31₹1.7K Cr₹338 Cr20.0%₹248 Cr₹55.93
2021-03-31₹1.2K Cr₹263 Cr22.0%₹190 Cr₹43.59
2020-03-31₹1.2K Cr₹194 Cr16.0%₹134 Cr₹31.29
2019-03-31₹1.4K Cr₹212 Cr15.0%₹131 Cr₹30.17
2018-03-31₹1.3K Cr₹204 Cr15.0%₹115 Cr₹26.48
2017-03-31₹1.3K Cr₹287 Cr23.0%₹156 Cr₹35.79
2016-03-31₹1.2K Cr₹177 Cr15.0%₹113 Cr₹25.99
2009-03-31₹989 Cr₹11 Cr1.0%₹4 Cr₹0.82
2008-03-31₹950 Cr₹83 Cr9.0%₹88 Cr₹20.04

Compounded Growth Rates

Sales Growth

3Y+2.7%
5Y+9.0%
10Y+6.4%

Profit Growth

3Y+1.3%
5Y+14.0%
10Y+51.7%

EPS Growth

3Y+1.8%
5Y+13.6%
10Y+53.4%

Peer Comparison

Capital Goods
StockPriceFair ValueMoS%P/EROESignal

Electrosteel Castings Limited

₹78.2₹228.8+65.8%16.113.2%UNDERVALUED

Vesuvius India Limited

₹466₹1,325.9+64.8%37.217.1%UNDERVALUED

Power Finance Corporation

₹430.4₹824.5+47.8%5.720.5%FAIRLY_VALUED

REC

₹336.9₹618.3+45.5%5.620.0%FAIRLY_VALUED

Surya Roshni Limited

₹245.1₹381.4+35.7%16.612.8%FAIRLY_VALUED

Shakti Pumps (India) Limited

₹504.1₹695.5+27.5%24.218.0%UNDERVALUED

AGI Greenpac Limited

₹578.6₹663.1+12.8%10.715.6%FAIRLY_VALUED

Elecon Engineering

₹534₹544.2+1.9%31.915.8%FAIRLY_VALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Exchange Filings

BSE announcements · last 90 days

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