Kalyani Forge Ltd Q1 FY27 Results & Concall Highlights: Revenue ₹67 Cr, PAT ₹4.48 Cr
Published 1 Sept 2026 | Industrial Products | Market Cap: ₹252 Cr
The company targets at least 20% CAGR in sales over the next five years, based on its growth strategy. The company aims for at least 20% CAGR in sales over the next five years, driven by strong execution, business development, and capex (Page 10).
From Kalyani Forge Ltd's Q1 FY27 earnings-call transcript · updated 1 Sept 2026.
Price
₹914
Market Cap
₹252 Cr
P/E Ratio
20.3
Revenue Rank
Margin Rank
How does Kalyani Forge Ltd rank in Industrial Products?
Compare Kalyani Forge Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Kalyani Forge Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹57 Cr, net profit ₹6 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →The company targets at least 20% CAGR in sales over the next five years, based on its growth strategy.
- →Revenue growth focus is on scaling up, with Q1 revenue at ₹67 crore being one of the highest in recent quarters.
- →Growth will be driven by strategic realignment towards high-volume, scalable businesses and phasing out non-core legacy businesses.
- →New business wins, like wheel hubs (~₹20 crore annual potential) and increased share in connecting rod products, will contribute to revenue growth over FY27.
- →Export business scale-up, especially gear blanks supplied in machined condition, will add value and growth.
- →Overall, the company expects sustained revenue growth from OEMs, passenger vehicles, trucks, and industrial segments, supported by capacity expansion and operational efficiencies.
📈 Profitability & Margins
Rank 3- →The company aims for at least 20% CAGR in sales over the next five years, driven by strong execution, business development, and capex (Page 10).
- →EBITDA margin has expanded to an all-time high of 16.2% and is targeted to reach 20% over coming quarters through Vriddhi Council cost-saving initiatives and operational efficiencies (Pages 5, 9).
- →PAT has shown significant growth (₹4.48 crore in Q1 FY27, up over 218% YoY), reflecting improving profitability trends (Page 4).
- →Vriddhi Council projects target ₹50 crore annual savings, expected to largely materialize within the current financial year, enhancing margins further (Page 9).
- →New business wins, especially in wheel hubs and connecting rods, will drive revenue and profit growth (Page 13).
- →The company focuses on sustaining EBITDA margins at 15% or higher with potential for further expansion (Page 9).
🏗️ Capital Expenditure Plans
Yes- →FY27 capex plan is ₹30 crore, aimed at capacity increase and improving overall equipment efficiency (Page 8, 14, 16).
- →Capex funding: 75% debt and 25% internal accruals (Page 16).
- →Expansion of machining capacity from 1.8 lakh to 3 lakh pieces per month by FY27 end, involving debottlenecking and new machines (Page 14).
- →New wheel hub line installation expected by end of Q2 FY27 by shifting and retooling existing machinery plus some new special purpose machinery (Page 12, 14).
- →Capex focused 60% on future growth areas: driveline and axle, ramp-up, and new businesses (Page 8).
- →Capex projects aligned with strategic objectives to enhance profitability, reduce bottlenecks, and improve capacity utilization (Page 7, 13).
- →Ongoing Vriddhi Council initiatives target cost savings of ₹50 crore annually, helping fund expansion and efficiency improvements (Page 9, 13).
💰 Fundraising & Capital Structure
Yes- →The company has been repaying some of its long-term debt, which has improved the debt-to-EBITDA ratio.
- →There are plans to raise equity in the future to further support the business.
- →Multiple options for equity raising are being evaluated.
- →Promoters themselves are expected to participate in the equity infusion along with other investors.
- →Raised equity funds would be used partly to repay debt.
- →No specific numbers or timelines for the equity raise have been stated yet.
📋 Order Book & Pipeline
Yes- →New order wins primarily focus on wheel hubs with approximately ₹20 crore annual business potential.
- →Existing connecting rod businesses are seeing increased share of business and revenue from about three customers, expected to play out over FY27.
- →Exports business for gear blanks continues scaling up, transitioning from as-forged to 100% machined condition this year, adding value.
- →The company tracks revenue from new business launched within the last three years as a percentage of total business to measure conversion and sustain long-term growth.
- →Inquiries for forging business remain robust with several RFQs received monthly; some are regretted if outside core portfolio.
- →Capacity expansion, including a new wheel hub line and increased machining capacity from 1.8 lakh to 3 lakh pieces monthly by FY27-end, supports order fulfillment.
- →Order pipeline strengthening is a key priority, aligned with business development and capacity augmentation efforts.
Key Metrics
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Capex
Fundraise
Order Book
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What Kalyani Forge Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Kalyani Forge Ltd Q1 FY27 results?
The company targets at least 20% CAGR in sales over the next five years, based on its growth strategy. The company aims for at least 20% CAGR in sales over the next five years, driven by strong execution, business development, and capex (Page 10).
What is Kalyani Forge Ltd share price analysis?
Kalyani Forge Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 20.3 with a market cap of ₹252 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kalyani Forge Ltd planning capital expenditure?
FY27 capex plan is ₹30 crore, aimed at capacity increase and improving overall equipment efficiency (Page 8, 14, 16).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.