ALFA Finder| Revenue growth | Q2 ~54.4cr, down ~18% QoQ due to planned downtime. |
|---|---|
| Margins | Fourth straight quarter above 14%; targets 15%, 18%, then 20%. |
| Order book | ~60cr remaining, down from 90cr; 30cr moved to production. |
| Demand visibility | Truck demand rising; OEM revenue 41cr, +41% YoY, fifth straight quarter. |
| Management confidence | Margin floor stated; 18% not guaranteed; no top-line forecast. |
Growth
H1 PAT 6.64cr (+86% YoY), PBT +118%, EBITDA 18.67cr (+38.8%). Q2 EBITDA margin up 158bps YoY to 14.2%.
Outlook
EBITDA margin 15% floor, 18% targeted this FY (not guaranteed), 20% next year. H2 revenue +10-20% vs H1 aimed. FY27 capex 30cr.
Risks
Press reconditioning and plant relocation downtime; receivables up on bank changeover (legacy 10-15cr); elevated CCC and debt/EBITDA; steel price volatility.
Last quarter's promises, checked
Partly delivered
- Guided ₹30cr FY27 capex → ₹8cr spent H1 (= PARTIAL)
- Guided wheel hub line live by end-Q2 → ~30% capacity cited (= PARTIAL)
- Guided 1.8→3 lakh pcs/mo machining by FY27-end → no Q2 update (= PARTIAL)
Missed
- Guided ≥15% EBITDA margin floor → Q2 14.2% (= MISS)
- Guided ~₹67cr revenue run-rate for 'several quarters' → Q2 ~₹54.4cr (= MISS)
- Guided 20% EBITDA margin 'within a few quarters' → Q2 14.2%; now next FY (= MISS)
Investor Presentation filed with NSE, 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 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.
Kalyani Forge Annual General Meeting
Kalyani Forge Limited filed proceedings of its 47th AGM held on September 21, 2026. Business items included financial statement adoption, dividend declaration, director re-appointment, and auditor/commission approvals.