ALFA Finder| Revenue growth | Revenue stable at ₹238cr despite phasing out ₹40cr non-fit business. |
|---|---|
| Margins | EBITDA margin improved from 11.1% in FY25 to 13.3% in FY26. |
| Order book | Order book balanced; new EV axle order win worth ₹20cr annual revenue. |
| Demand visibility | Strong growth in passenger cars, trucks, and agro-segments. |
| Management confidence | High; 15% EBITDA margin established as new floor. |
Growth
FY26 Revenue flat at ₹238cr (due to ₹40cr phase-out); EBITDA grew to ₹31.58cr (13.3% margin); Q4 PAT ₹5.88cr.
Outlook
FY27 Capex planned at ₹30cr; 20% EBITDA margin target within one year; focus on EV axle and driveline products.
Risks
Working capital stretch due to stocking commitments for key OEMs; high debt-to-equity ratio at 1.11.
Last quarter's promises, checked
Delivered
- EBITDA Margin target 15% → delivered 15.7% (= BEAT)
- PBT focus on structural improvement → delivered ₹3.95cr (multi-quarter high) (= BEAT)
- Revenue guidance similar to last year → delivered ₹238cr (stable) (= BEAT)
Partly delivered
- FY26 Capex ₹25cr → delivered ₹18cr spent by Q3 (= PARTIAL)
- New business productionizing ₹30cr → delivered ~₹20cr in 9 months (= PARTIAL)
Missed
- Working capital reduction → delivered 'higher than expected' stretch (= MISS)
- Debt-to-equity target → delivered 1.11 (remains high) (= MISS)
Earnings Call filed with BSE, NSE: KALYANIFRG. Summary written with AI assistance from the document.
Kalyani Forge Ltd: key numbers
- Share price
- ₹915.00
- Market cap
- ₹332.9 Cr
- Revenue (annual)
- ₹234.6 Cr
- Net profit (annual)
- ₹9.32 Cr
- P/E (TTM)
- 26.8×Sector 51.9×
- Promoter holding
- 58.76%+0.00% QoQ
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Kalyani Forge Ltd
All →Kalyani Forge Investor Presentation: Key Takeaways
Q2 FY27 revenue ~54.4cr (down ~18% QoQ on planned plant downtime), EBITDA margin 14.2%, PAT 2.16cr. H1 PAT 6.64cr (+86% YoY), EBITDA 18.67cr at 15.3%. Board approved 45cr funding plan.
Kalyani Forge Results Update
Kalyani Forge's board approved an indicative ₹45 crore FY27 funding plan and reported H1 FY27 PBT up 118.8%. Q2 revenue fell 2.2%, but EBITDA margin widened.
Kalyani Forge Q2 FY27 Results: Net Profit ₹2.2 Cr, Up 0.0% YoY
Kalyani Forge Ltd reported revenue from operations of ₹54.4 Cr (-2.3% YoY) and net profit of ₹2.2 Cr (+0.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.2 Cr · +0.0% YoY
Kalyani Forge Board Meeting Date
Kalyani Forge will hold a board meeting on 5 November 2026 to approve Q2 unaudited standalone results and in-principle fund raising via equity or equity-linked securities. The filing is a prior intimation with no approved amounts.
Kalyani Forge Other Announcement
Kalyani Forge Ltd filed its quarterly shareholding pattern as of September 30, 2026, pursuant to SEBI Listing Regulations.
Kalyani Forge Management Change
Mr. Anup Sancheti has resigned as Company Secretary, Compliance Officer, and Key Managerial Personnel of Kalyani Forge. He was relieved of his duties on 30 September 2026.