Kalyani Forge Ltd
Kalyani Forge Q3 FY26: Order Book ₹162 Cr
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #69 of 100 in Industrial Products
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Kalyani Forge Ltd Q3 FY26 key numbers
- Revenue
- Installed capacity can theoretically generate revenues up to ₹500 crores, with current revenues at 3.5 times net fixed assets.
As stated in Kalyani Forge Ltd's Q3 FY26 earnings call transcript · published 18 Jul 2026. Reported figures, not investment advice.
The short version
The company aims to productionize new business worth around ₹30 crores in FY26, a significant jump from previous years. EBITDA margin target: Medium-term goal to achieve at least 15%, with a longer-term milestone of around 20%.
From Kalyani Forge Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company aims to productionize new business worth around ₹30 crores in FY26, a significant jump from previous years.
- Installed capacity can theoretically generate revenues up to ₹500 crores, with current revenues at 3.5 times net fixed assets. CAPEX plans aim to increase fixed assets, enabling this growth.
- Focus on new growth areas like driveline and axle, with ₹45 crores and ₹10 crores new business order book respectively, showing strong potential beyond the core engine segment.
- Business mix optimization and pruning of non-core, low-margin businesses aim to improve scalability and long-term margin stability, enabling faster growth.
- Seasonality affects demand across segments but diversification across passenger cars, trucks, construction, and agriculture provides hedging.
2 more points from Kalyani Forge Ltd's call on revenue
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Profitability & Margins
See what Kalyani Forge Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY26 CapEx budget is ₹25 crores.
- Approximately 60% of CapEx allocated to future growth areas: driveline and axle segments.
- Remaining 40% focused on the engine product group, which is experiencing significant growth.
- About ₹7.6 crores of the CapEx budget is dedicated to reconditioning forging presses, primarily to increase production output for new driveline and engine business.
- Emphasis on upgrading asset base to improve productivity, quality, and reduce rejections.
- Goal to productionize ₹30 crores of new business in FY26.
- Focused on quick turnaround for CapEx projects to start generating returns rapidly.
2 more points from Kalyani Forge Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The new business order book value is around ₹162 crores, comprising:
- ₹107 crores from connecting rods (core engine business)
- ₹45 crores from driveline segment
- ₹10 crores from axle segment
- New growth areas like driveline and axle represent multiples of existing business in those segments.
- New business includes ramp-up of xEV driveline programs and new MNC customer orders in the axle segment.
- The company is focusing on increasing vehicle and customer share of wallet by offering engine, driveline, and axle components.
2 more points from Kalyani Forge Ltd's call on order book
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Kalyani Forge Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹57 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Kalyani Forge Ltd's management said in earlier quarters
Others in Industrial Products this season
- Shri Kanha Stainless Ltd (Q3 FY26)
Revenue/Sales Figures for the Quarter:** The presentation reports net sales of ₹322.20 crore for Q3 FY 2026. Key investor presentation takeaways from Shri Kanha
- Rappid Valves India Ltd (Q3 FY26)
Two concrete investments in manufacturing infrastructure totaling ₹139 Crores: . Key investor presentation takeaways from Rappid Valves India Ltd's Q3 FY26 inve
- Prime Cable Industries Limited (Q3 FY26)
Q3 FY26 provisional revenue: INR 71.8 crores . Key investor presentation takeaways from Prime Cable Industries Limited's Q3 FY26 investor presentation — and how
- Shubhshree Biofuels Energy Ltd (Q3 FY26)
Revenue in H1 FY26: ₹9,604.6 Lakhs, a 24.1% year-on-year (YoY) increase from ₹7,736.4 Lakhs. Key investor presentation takeaways from Shubhshree Biofuels Energy
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Kalyani Forge Ltd Q3 FY26 results?
The company aims to productionize new business worth around ₹30 crores in FY26, a significant jump from previous years. EBITDA margin target: Medium-term goal to achieve at least 15%, with a longer-term milestone of around 20%.
What is Kalyani Forge Ltd share price analysis?
Kalyani Forge Ltd currently shows a neutral. The stock trades at a P/E of 24.0 with a market cap of ₹224 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kalyani Forge Ltd planning capital expenditure?
FY26 CapEx budget is ₹25 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.