Kalyani Forge Ltd Share Price ₹599 | P/E 38.7

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Kalyani Forge Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	63.58	59.35	60.91	59.70	56.82	56.74	62.33	58.62	58.95	64.13	55.67	57.86	56.98
Expenses +	63.08	54.24	56.22	56.81	55.65	52.93	54.56	52.54	52.59	58.18	49.12	49.10	50.25
Operating Profit	0.50	5.11	4.69	2.89	1.17	3.81	7.77	6.08	6.36	5.95	6.55	8.76	6.73
OPM %	0.79%	8.61%	7.70%	4.84%	2.06%	6.71%	12.47%	10.37%	10.79%	9.28%	11.77%	15.14%	11.81%
Other Income +	1.90	0.32	1.08	1.76	1.21	0.86	0.52	0.75	0.38	0.39	0.56	0.36	2.27
Interest	0.98	1.21	1.45	1.75	1.49	1.45	1.58	1.96	2.06	2.27	2.43	2.71	0.24
Depreciation	2.50	2.53	2.72	1.25	-0.29	1.84	1.91	2.08	2.04	2.04	2.41	2.46	2.63
Profit before tax	-1.08	1.69	1.60	1.65	1.18	1.38	4.80	2.79	2.64	2.03	2.27	3.95	6.13
Tax %	181.48%	39.05%	18.12%	7.88%	40.68%	74.64%	18.33%	34.77%	15.91%	30.54%	5.29%	103.04%	4.08%
Net Profit +	-3.03	1.03	1.30	1.51	0.71	0.35	3.92	1.82	2.23	1.41	2.15	-0.12	5.88
EPS in Rs	-8.33	2.83	3.57	4.15	1.95	0.96	10.78	5.00	6.13	3.88	5.91	-0.33	16.16

Financials of Kalyani Forge Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	241	231	227	259	286	201	181	246	264	237	237	235
Expenses +	226	215	212	237	261	193	168	228	254	223	213	207
Operating Profit	14	16	15	22	26	8	13	19	11	14	24	28
OPM %	6%	7%	7%	8%	9%	4%	7%	8%	4%	6%	10%	12%
Other Income +	2	3	5	7	6	3	1	1	5	4	3	4
Interest	6	5	4	6	8	5	3	4	3	6	7	8
Depreciation	13	12	10	13	15	14	13	12	11	6	8	10
Profit before tax	-3	2	5	9	10	-8	-2	4	1	6	12	14
Tax %	-24%	46%	33%	29%	28%	-15%	-15%	22%	113%	19%	28%	35%
Net Profit +	-2	1	3	7	7	-7	-2	3	-0	5	8	9
EPS in Rs	-6.21	3.02	9.57	18.03	19.13	-19.05	-4.84	8.60	-0.49	12.51	22.84	25.62
Dividend Payout %	0%	66%	21%	19%	21%	-5%	-31%	35%	-607%	24%	18%	16%

Financials of Kalyani Forge Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4	4	4	4	4	4	4	4	4
Reserves	94	94	98	103	108	98	97	99	74	78	86	92
Borrowings +	47	41	63	63	47	31	27	26	38	61	72	106
Other Liabilities +	57	60	71	65	69	51	56	54	65	62	69	50
Total Liabilities	201	199	236	235	227	184	183	183	181	205	230	251
Fixed Assets +	61	64	60	84	78	65	53	44	39	56	61	90
CWIP	17	8	30	5	0	1	1	2	3	5	15	10
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets +	123	127	147	146	148	118	129	137	138	143	154	152
Total Assets	201	199	236	235	227	184	183	183	181	205	230	251

Financials of Kalyani Forge Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	25	19	15	12	30	24	7	11	-2	10	22	7
Cash from Investing Activity +	-2	-5	-41	-2	-7	-1	-1	-4	-6	-26	-24	-33
Cash from Financing Activity +	-20	-11	19	-8	-25	-23	-7	-5	8	16	3	25
Net Cash Flow	3	3	-7	2	-2	-0	-1	2	-1	-0	0	-1
Free Cash Flow	24	14	-26	10	23	23	6	7	-8	-16	-3	-26
CFO/OP	186%	128%	118%	68%	114%	304%	58%	68%	-8%	89%	92%	37%

Financials of Kalyani Forge Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	92	98	99	99	96	103	135	108	103	95	125	160
Inventory Days	96	117	156	139	123	143	178	135	114	180	186	129
Days Payable	118	128	146	143	122	123	141	95	107	146	166	104
Cash Conversion Cycle	70	87	109	94	97	123	172	148	110	129	144	185
Working Capital Days	34	29	18	36	42	53	85	74	44	53	38	52
ROCE %	2%	5%	6%	9%	10%	-2%	1%	6%	4%	9%	12%	12%