Kalyani Steels Ltd

BSE: KSL500235ISIN INE907A01026

Industrials
Iron & Steel Products
BSE 1000

Share price

₹864.65+24.70 (+2.94%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,032.00
52W low: ₹575.00
Off 52W high: -16.22%
1M return: -6.15%
3M return: -2.16%
6M return: -3.33%
1Y return: +1.58%
20D avg volume: 3,708
50 DMA: ₹922.29
200 DMA: ₹820.68

Key ratios Consolidated

Market cap: ₹3,774 Cr
Current price: ₹864.65
52W high / low: ₹1,032.00 / ₹575.00
Face value: ₹5.00
P/E: 13.40
P/B: 1.71
EPS (TTM): ₹64.55
Book value / share: ₹505.18
ROE: —
ROCE: 16.20%
Operating margin: —
Net margin: —
Debt / equity: 0.23
Net debt: ₹398.33 Cr
Interest cover: 41.25
Dividend yield: 1.16%
Dividend / share (TTM): ₹10.00
Payout: 15.49%
Cash conversion cycle: 101.4 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q4 FY22
Income statement
	494.38	464.58	484.39	462.38	456.07	442.77	544.33	484.00	492.10	461.46	—	448.80
	16.98	15.80	14.86	14.88	15.16	15.23	13.70	13.41	14.91	13.26	—	14.86
	511.36	480.38	499.25	477.25	471.23	458.00	558.03	497.42	507.01	474.72	—	463.65
	402.98	388.55	400.53	387.03	387.51	374.93	449.94	421.92	416.69	402.31	—	367.42
	262.36	239.58	253.39	242.32	237.76	225.99	286.05	254.27	251.01	242.55	—	242.61
	0.11	3.86	10.88	10.59	28.60	8.32	15.84	39.52	34.24	13.98	—	12.15
	23.27	24.05	19.73	22.81	22.01	22.21	22.29	20.74	19.98	20.28	—	15.29
	1.99	1.80	1.48	2.48	2.02	2.65	4.16	5.52	4.81	4.07	—	3.14
	13.80	13.53	13.66	13.72	14.82	14.84	15.76	15.74	15.90	15.98	—	12.02
	105.73	98.67	109.82	98.14	87.80	84.67	97.32	24.76	21.53	29.03	—	19.46
	108.37	91.83	98.72	90.22	83.72	83.07	108.09	75.50	90.32	72.41	—	96.24
	0.00	0.00	-1.19	-6.73	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00
	108.37	91.83	97.53	83.48	83.72	83.07	108.09	75.50	90.32	72.41	—	96.24
	28.51	23.59	25.84	21.52	21.18	21.39	27.88	19.05	22.94	20.19	—	22.78
	79.87	68.25	71.68	61.96	62.53	61.68	80.20	56.45	67.38	52.21	—	73.46
	18.30	15.63	16.42	14.19	14.33	14.13	18.37	12.93	15.44	11.96	—	15.95
Key metrics
	124.16	107.16	112.67	99.68	100.56	100.56	128.01	96.76	111.03	92.46	—	111.40
	25.10%	23.10%	23.30%	21.60%	22.00%	22.70%	23.50%	20.00%	22.60%	20.00%	—	24.80%
	16.20%	14.70%	14.80%	13.40%	13.70%	13.90%	14.70%	11.70%	13.70%	11.30%	—	16.40%
	4.80%	—	4.50%	—	4.20%	—	5.80%	—	—	—	—	—
	8.40%	4.90%	-11.00%	-4.50%	-7.30%	-4.10%	—	—	—	—	—	—
	27.70%	10.70%	-10.60%	9.80%	-7.20%	18.10%	—	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY22
Income statement
	1,906	1,846	1,982	1,959	1,706
	62.52	60.12	55.27	46.83	51.54
	1,968	1,906	2,037	2,006	1,758
	1,579	1,550	1,691	1,675	1,427
	997.65	959.46	1,034	1,104	968.91
	25.44	58.39	103.58	13.99	27.86
	89.86	86.76	83.30	78.36	59.56
	7.75	8.64	18.57	25.81	13.49
	54.71	57.04	63.39	60.75	45.88
	412.36	380.43	379.28	88.26	73.47
	389.14	355.73	346.31	331.27	330.64
	-7.92	-7.93	0.00	1.83	0.00
	381.21	347.80	346.31	333.10	330.64
	99.46	89.94	90.06	84.32	82.92
	281.76	257.87	256.25	248.78	247.72
	64.54	59.07	58.70	56.99	55.93
Key metrics
	443.67	413.48	428.27	419.66	390.01
	23.28%	22.40%	21.60%	21.40%	22.90%
	14.78%	14.00%	12.90%	12.70%	14.50%
	—	16.20%	18.80%	—	—
	-1.11%	-6.90%	1.10%	14.90%	—
	8.01%	0.60%	3.00%	0.40%	—
	—	79.32	356.72	—	—
	—	0.55	1.49	—	—
	—	0.23	0.23	—	—
	—	398.33	423.29	—	—
	—	101.4	78.4	—	—
Balance sheet
	—	2,996	2,732	—	—
	—	1,709	1,541	—	—
	—	76.70	14.31	—	—
	—	496.34	431.35	—	—
	—	285.39	299.18	—	—
	—	—	30.36	—	—
	—	626.74	677.43	—	—
	—	268.81	304.49	—	—
	—	799.86	789.12	—	—
	—	475.03	437.60	—	—
	—	475.03	437.60	—	—
	—	0.00	0.00	—	—
	—	2,105	1,892	—	—
Cash flow
	—	140.76	381.83	—	—
	—	-105.05	-134.95	—	—
	—	-42.09	-251.94	—	—
	—	61.44	25.11	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	494.38	464.58	484.39	462.38	456.07	442.77	544.33	484.00	492.10	461.46	502.83	479.75
	16.10	14.94	13.98	13.99	14.20	14.27	12.75	12.44	14.08	12.41	13.04	12.24
	510.48	479.52	498.37	476.37	470.26	457.04	557.08	496.44	506.18	473.87	515.87	492.00
	402.98	388.55	400.54	387.01	387.50	374.92	449.94	421.92	416.68	402.31	431.48	404.39
	262.36	239.58	253.39	242.32	237.76	225.99	286.05	254.27	251.01	242.55	262.96	271.50
	0.11	3.86	10.88	10.59	28.60	8.32	15.84	39.52	34.24	13.98	4.93	1.63
	23.27	24.05	19.73	22.81	22.01	22.21	22.29	20.74	19.98	20.28	19.99	20.24
	1.99	1.80	1.48	2.48	2.02	2.65	4.16	5.52	4.81	4.07	3.47	5.45
	13.80	13.53	13.66	13.72	14.82	14.84	15.76	15.74	15.90	15.98	15.26	14.77
	105.73	98.66	109.82	98.12	87.80	84.67	97.32	24.76	21.53	29.03	23.98	22.69
	107.51	90.98	97.84	89.36	82.76	82.11	107.14	74.52	89.50	71.56	84.39	87.61
	0.00	0.00	-1.19	-6.73	0.00	0.00	0.00	—	—	—	—	—
	107.51	90.98	96.64	82.62	82.76	82.11	107.14	74.52	89.50	71.56	84.39	87.61
	28.29	23.37	25.62	21.30	20.94	21.15	27.86	19.13	22.71	19.98	21.84	22.28
	79.22	67.61	71.03	61.32	61.82	60.97	79.28	55.39	66.79	51.57	62.55	65.33
	18.15	15.49	16.27	14.05	14.16	13.97	18.16	12.69	15.30	11.81	14.33	14.97
Key metrics
	123.30	106.31	111.78	98.82	99.60	99.60	127.06	95.78	110.21	91.61	103.12	107.83
	24.90%	22.90%	23.10%	21.40%	21.80%	22.50%	23.30%	19.80%	22.40%	19.90%	20.50%	22.50%
	16.00%	14.60%	14.70%	13.30%	13.60%	13.80%	14.60%	11.40%	13.60%	11.20%	12.40%	13.60%
	4.80%	—	4.50%	—	4.20%	—	5.70%	—	—	—	—	—
	8.40%	4.90%	-11.00%	-4.50%	-7.30%	-4.10%	8.30%	0.90%	—	—	—	—
	28.10%	10.90%	-10.40%	10.70%	-7.40%	18.20%	26.70%	-15.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,906	1,846	1,982	1,959	1,899	1,706
	59.01	56.44	51.67	46.81	56.40	46.36
	1,965	1,902	2,034	2,006	1,956	1,752
	1,579	1,550	1,691	1,674	1,731	1,427
	997.65	959.46	1,034	1,104	1,173	968.91
	25.44	58.39	103.58	13.99	14.25	27.86
	89.86	86.76	83.30	78.36	64.98	59.56
	7.75	8.64	18.57	24.55	28.10	13.21
	54.71	57.04	63.39	60.75	48.90	45.88
	412.33	380.40	379.27	88.11	117.36	73.37
	385.69	352.08	342.72	332.68	225.06	325.84
	-7.92	-7.93	0.00	—	—	—
	377.75	344.15	342.72	332.68	225.06	325.84
	98.58	89.02	89.68	85.22	58.03	82.92
	279.18	255.14	253.03	247.46	167.03	242.91
	63.96	58.45	57.96	56.69	38.26	55.65
Key metrics
	440.21	409.83	424.68	417.98	302.06	384.93
	23.10%	22.20%	21.40%	21.30%	15.90%	22.60%
	14.65%	13.80%	12.80%	12.60%	8.80%	14.20%
	—	16.10%	18.50%	—	—	—
	-1.11%	-6.90%	1.10%	3.20%	11.30%	—
	8.44%	0.80%	2.30%	48.20%	-31.20%	—
	—	80.30	357.53	—	—	—
	—	0.56	1.51	—	—	—
	—	0.23	0.23	—	—	—
	—	398.38	423.30	—	—	—
	—	84.7	62.8	—	—	—
Balance sheet
	—	2,990	2,745	—	—	—
	—	1,571	1,411	—	—	—
	—	76.64	14.30	—	—	—
	—	496.34	431.35	—	—	—
	—	200.86	214.65	—	—	—
	—	626.74	677.43	—	—	—
	—	268.81	304.49	—	—	—
	—	799.86	789.10	—	—	—
	—	475.02	437.60	—	—	—
	—	475.02	437.60	—	—	—
	—	0.00	0.00	—	—	—
	—	2,100	1,904	—	—	—
Cash flow
	—	141.73	382.64	—	—	—
	—	-106.07	-135.71	—	—	—
	—	-42.09	-251.94	—	—	—
	—	61.43	25.11	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -0.95%
Sales CAGR 5Y: —
Profit CAGR 3Y: +15.17%
Profit CAGR 5Y: —
Sales YoY (TTM): -1.11%
Profit YoY (TTM): +8.44%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -1.11%
Profit YoY (TTM): +8.01%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 64.70%

Quarter	September 2026	June 2026
Promoter %	64.70%	64.70%

Holder	Type	Holding	Previous	Change
BF Investment Limited	Promoter Group	39.06%	39.06%	0.00%
Sundaram Trading And Investment Pvt Ltd	Promoter Group	17.79%	17.79%	0.00%
Ajinkya Investment And Trading Company	Promoter Group	7.47%	7.47%	0.00%
Quant Mutual Fund A/C Quant Infrastructure Fund	Public	6.48%	6.64%	-0.16%
Dsp Small Cap Fund	Public	3.89%	3.89%	0.00%
KSMS Technologies Solutions Private Limited	Promoter Group	0.16%	0.16%	0.00%
Sunita Babasaheb Kalyani	Promoter Group	0.13%	0.13%	0.00%
Amit Babasaheb Kalyani	Promoter Group	0.07%	0.07%	0.00%
Sugandha J Hiremath	Promoter Group	0.01%	0.01%	0.00%
Ajinkyatara Trading Company Limited	Promoter Group	0.01%	0.01%	0.00%
Babasaheb Neelkanth Kalyani	Promoter	0.00%	0.00%	0.00%
Deeksha Amit Kalyani	Promoter Group	0.00%	0.00%	0.00%
Babasaheb Kalyani Family Trust	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—

Filings & corporate actions

Recent announcements

Announcement U/R 30 of SEBI LODR-Newspaper Publication-Unaudited Results-Q229 Oct 2026 · Company Update / Newspaper Publication
Amit Kalyani Takes Charge as Chairman of Kalyani Steels; To lead the Company into its Next Phase of Growth28 Oct 2026 · Company Update / Press Release / Media Release
1. Resignation of Mr. B.N. Kalyani as the Chairman and Non-Executive Non-Independent Director 2. Appointment of Mr.B.N. Kalyani, as the Chairman Emeritus 3. Appointment of Mr.Amit B. ....28 Oct 2026 · Company Update / Change in Management
Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 202628 Oct 2026 · Result / Financial Results
Announcement U/R 30 of SEBI LODR-Newspaper Publication-Reminder IV-Special Window for physical transfer22 Oct 2026 · Company Update / Newspaper Publication
Kalyani Steels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....21 Oct 2026 · Board Meeting / Board Meeting
Announcement U/R 30 of SEBI LODR-Proceedings of Postal Ballot19 Oct 2026 · Company Update / General
Voting Result of Postal Ballot19 Oct 2026 · AGM/EGM / Postal Ballot
Certificate U/R 74 (5) of SEBI (DP) Regulations, 2018 - Q27 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement U/R 30 of SEBI LODR - Credit Rating29 Sep 2026 · Company Update / Credit Rating
Closure of Trading Window - Q228 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement U/R 30 of SEBI LODR-Newspaper publication-Postal Ballot Notice18 Sep 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot17 Sep 2026 · AGM/EGM / Postal Ballot
Announcement UR 30 of SEBI LODR-Change in Directorate7 Sep 2026 · Company Update / Change in Directorate
Announcement U/R 30 of SEBI LODR-Reappointment of Directors27 Aug 2026 · Company Update / General
Submission of Voting Results of 53rd Annual General Meeting held on Thursday, August 27, 202627 Aug 2026 · AGM/EGM / AGM
Proceedings of 53rd Annual General Meeting of the Company held on Thursday, August 27, 202627 Aug 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations')26 Aug 2026 · Company Update / General
Announcement U/R 30 of SEBI LODR-Newspaper Publication-Reminder III - Special Trading Window for Physical Transfer19 Aug 2026 · Company Update / Newspaper Publication
Announcement U/R 30 of SEBI LODR-Newspaper Publication-Unaudited Results-Q110 Aug 2026 · Company Update / Newspaper Publication
Statement of Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 20267 Aug 2026 · Result / Financial Results
Announcement U/R 30 of SEBI LODR-Proceedings of Postal Ballot3 Aug 2026 · Company Update / General
Postal Ballot-Scrutinizer''s Report3 Aug 2026 · AGM/EGM / Postal Ballot
Announcement U/R 30 of SEBI LODR- Credit Rating31 Jul 2026 · Company Update / Credit Rating
Kalyani Steels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....30 Jul 2026 · Board Meeting / Board Meeting
Announcement U/R 30 of SEBI LODR-Newspaper Publication30 Jul 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Reporting (BRSR)29 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for FY 2025-2629 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice of 53rd Annual General Meeting and Annual Report for FY 2025-2629 Jul 2026 · AGM/EGM / AGM
Kalyani Steels Limited - Communication to Shareholders for Tax Deduction at Source (TDS) on Dividend for FY 2025-2623 Jul 2026 · Company Update / General
Announcement U/R 30 of SEBI LODR - Newspaper Publication22 Jul 2026 · Company Update / Newspaper Publication
Intimation of Record Date and Dividend Payment Date21 Jul 2026 · Corp. Action / Record Date
Intimation of 53rd Annual General Meeting to be held on August 27, 202621 Jul 2026 · AGM/EGM / AGM
Announcement U/R 30 of SEBI LODR-Resumption of Manufacturing Operations17 Jul 2026 · Company Update / General
Announcement U/R 30 of SEBI LODR14 Jul 2026 · Company Update / General
Announcement U/R 30 of SEBI LODR13 Jul 2026 · Company Update / General
Certificate U/R 74(5) of SEBI DP Regulations 2018 - Q18 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement U/R 30 of SEBI LODR-Newspaper Publication of Postal Ballot intimation1 Jul 2026 · Company Update / Newspaper Publication
Announcement U/R 30 of SEBI LODR - Notice of Postal Ballot30 Jun 2026 · AGM/EGM / Postal Ballot
Closure of Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 10.0000	31 Jul 2026	31 Jul 2026	—
Dividend - Rs. - 10.0000	11 Aug 2025	11 Aug 2025	—
Dividend - Rs. - 10.0000	14 Aug 2024	—	—

Board meetings

28 Oct 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results