Kalyani Cast-Tech Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹812 Cr
- P/E
- 54.39
- ROE
- 20.43%
- PEG
- 2.38
- Price to sales
- 5.44
- Debt to equity
- 0.01
- 52W high / low
- ₹1,403 / ₹439
- Sales growth (5Y)
- 67.96%
- EBITDA margin
- 14.49%
- Net profit margin
- 9.98%
- Promoter holding
- 59.47%
- Sales (last year)
- ₹150 Cr
Incorporated in 2012, Kalyani Cast Tech Ltd manufactures high quality castings and specialized cargo containers[1]
Guidance scorecard · Q2 FY26 call
What Kalyani Cast-Tec's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ2 FY26 call
20–40%- The company aims for aggressive growth, targeting INR 4000 crores revenue in the next 7-8 years.
- Capacity expansions include a wagon manufacturing unit with an annual capacity of 7,500 to 7,800 units, with the first phase for 2,500 units under construction.
- Container capacity is expected to increase by the end of FY 2025-26.
- Wagon manufacturing plant commercial operations are targeted for the second half of FY 2026-27.
- The order book stands at INR 140 crores, with ongoing negotiations for additional orders expected to help meet targets.
- New product developments include specialized containers and wagons with exclusive designs, expanding the market reach.
2 more points from Kalyani Cast-Tec's call on revenue
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MarginsQ2 FY26 call
FlatSee what Kalyani Cast-Tec said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Setting up a wagon manufacturing unit with an annual capacity of 7,500 to 7,800 units; first phase capacity of 2,500 units is under construction.
- Plans to add additional capacity for container manufacturing.
- Establishing a steel foundry on the same premises for wagon components like bogie, coupler, wheel set, enabling backward integration.
- Development of Gati Shakti Terminal with railway line infrastructure; expected commissioning by March 31, 2026.
- Investment of approximately INR 170 to 200 crores planned for wagon manufacturing unit, funded via a mix of debt and internal accruals.
2 more points from Kalyani Cast-Tec's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Kalyani Cast-Tec said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- As of November 15, 2025, Kalyani Cast-Tech Limited's urgent order book stands at INR 140 crores.
- Out of this, INR 92.6 crores has been executed up to September 30, 2025.
- The balance and additional orders will be executed in the second half of the fiscal year.
- The company is actively negotiating for further orders to reach its targeted revenue for the fiscal year.
- Current existing orders pending execution approximate INR 48 crores (140 - 92.6).
- For the container segment, the order book details were indicated earlier but specific figures were not repeated in this call.
2 more points from Kalyani Cast-Tec's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
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.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingKalyani Cast-Tec announcements
All announcements →Financials of Kalyani Cast-Tec
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kalyani Cast-Tec
Quarterly Results
Quarter-by-quarter operating performance
Financials of Kalyani Cast-Tec
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 13 | 11 | 49 | 63 | 94 | 139 | 161 |
| Expenses + | 12 | 10 | 47 | 52 | 81 | 120 | 141 |
| Operating Profit | 1 | 1 | 2 | 12 | 14 | 20 | 20 |
| OPM % | 7% | 8% | 5% | 19% | 14% | 14% | 12% |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 11 | 13 | 19 | 21 |
| Tax % | -25% | -44% | 7% | 25% | 27% | 25% | |
| Net Profit + | 0 | 0 | 1 | 8 | 10 | 14 | 16 |
| EPS in Rs | 0.13 | 0.52 | 2.33 | 16.05 | 13.37 | 19.83 | 21.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Kalyani Cast-Tec
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 7 | 7 | 7 |
| Reserves | -0 | -0 | 1 | 9 | 43 | 57 | 67 |
| Borrowings + | 5 | 5 | 3 | 3 | 8 | 5 | 0 |
| Other Liabilities + | 5 | 4 | 7 | 7 | 7 | 5 | 8 |
| Total Liabilities | 15 | 14 | 16 | 24 | 65 | 75 | 82 |
| Fixed Assets + | 4 | 4 | 6 | 5 | 7 | 8 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 16 | 16 | 3 |
| Other Assets + | 11 | 9 | 10 | 19 | 42 | 51 | 62 |
| Total Assets | 15 | 14 | 16 | 24 | 65 | 75 | 82 |
Financials of Kalyani Cast-Tec
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 0 | 6 | 4 | -9 | 8 |
| Cash from Investing Activity + | -1 | -0 | -2 | -1 | -18 | -4 |
| Cash from Financing Activity + | 0 | -0 | -3 | 1 | 31 | -3 |
| Net Cash Flow | 0 | -0 | 1 | 4 | 4 | 2 |
| Free Cash Flow | 0 | -0 | 4 | 4 | -11 | 7 |
| CFO/OP | 76% | 46% | 261% | 42% | -24% | 67% |
Financials of Kalyani Cast-Tec
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 89 | 76 | 45 | 9 | 62 | 69 |
| Inventory Days | 231 | 265 | 20 | 75 | 71 | 28 |
| Days Payable | 184 | 138 | 36 | 22 | 17 | 12 |
| Cash Conversion Cycle | 135 | 203 | 29 | 63 | 116 | 85 |
| Working Capital Days | 80 | 100 | 10 | 28 | 68 | 70 |
| ROCE % | 5% | 17% | 84% | 35% | 30% |
Guidance history
How Kalyani Cast-Tec's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY25 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY24 call → | 40%+ | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
94 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +115.2% | 94% |
| Last 6 months | +64.0% | 92% |
| Last 3 months | +48.9% | 96% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kalyani Cast-Tec: 0.4 × 94 + 0.4 × 92 + 0.2 × 96 = 94.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Kalyani Cast-Tec's management said in earlier quarters
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