Is Kalyani Steels a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kalyani Steels Ltd is a good quality company .

Is Kalyani Steels undervalued or overvalued?

The key valuation ratios of Kalyani Steels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Kalyani Steels share price return in the past 10 years?

Kalyani Steels Ltd share price has appreciated 16.4% annually (CAGR) over the past ten years.

Is Kalyani Steels a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kalyani Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Kalyani Steels Ltd - Stock Valuation and Financial Performance

Name: Kalyani Steels
Brand: Kalyani Steels

BSE: 500235 | NSE: KSL | Steel & Iron Products | Small Cap

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Kalyani Steels Share Price

₹765.15 15.40 2.05%
as on 14-Nov'24 16:59

10 Year X-Ray of Kalyani Steels:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	21.4%	23.1%	26.8%	19.4%	21.4%	18.8%	22.9%	21.7%	13.3%	16.7%	-
Value Creation Index ⓘ	0.5	0.7	0.9	0.4	0.5	0.3	0.6	0.6	-0.1	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,227	1,180	1,257	1,345	1,407	1,199	1,188	1,706	1,899	1,959	1,936
Sales YoY Gr.	-	-3.8%	6.5%	7%	4.6%	-14.8%	-0.9%	43.6%	11.3%	3.2%	-
Adj EPS ⓘ	20.5	27.6	34.5	25.9	27.7	34.7	42.6	55.7	43.7	56.6	56.4
YoY Gr.	-	34.7%	24.9%	-25%	7.1%	25.3%	22.5%	30.8%	-21.5%	29.4%	-
BVPS (₹) ⓘ	109	135	160.8	179.8	204	220.8	264.4	313.2	341.2	387.5	404.4
Adj Net Profit ⓘ	89.5	121	151	113	121	152	186	243	191	247	246
Cash Flow from Ops. ⓘ	114	161	152	191	286	257	62.4	263	-126	302	-
Debt/CF from Ops. ⓘ	1.9	2	1.6	0.9	0.1	0	2.7	1.7	-4	2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.3%	6.9%	18.2%	3.2%
Adj EPS ⓘ	11.9%	15.3%	10%	29.4%
BVPSⓘ	15.1%	13.7%	13.6%	13.6%
Share Price	16.4%	28.5%	28.8%	58.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	20.5	22.6	23.3	15.2	14.4	16.4	17.5	19.3	13.4	15.5	14.3
Op. Profit Mgn % ⓘ	14.4	20.8	22.9	15.1	15.1	18.2	22.2	19.9	14.7	18.9	18.6
Net Profit Mgn % ⓘ	7.3	10.2	12	8.4	8.6	12.7	15.6	14.2	10.1	12.6	12.7
Debt to Equity ⓘ	0.5	0.6	0.3	0.2	0	0	0.2	0.3	0.3	0.4	0
Working Cap Days ⓘ	141	133	152	156	133	137	137	129	150	151	118
Cash Conv. Cycle ⓘ	38	50	65	73	72	72	57	67	97	93	42

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.15%

Return on Equity has declined versus last 3 years average to 14.20%

Net Profit has been subdued in last 3 years 9.95%

Sales growth is not so good in last 4 quarters at 3.06%

Latest Financials - Kalyani Steels Ltd.

	Standalone	Consolidated
TTM EPS (₹)	56.4	57
TTM Sales (₹ Cr.)	1,936	1,959
BVPS (₹.) ⓘ	404.4	402.1
Reserves (₹ Cr.) ⓘ	1,743	1,733
P/BV ⓘ	1.89	1.90
PE ⓘ	13.56	13.43

From the Market
52 Week Low / High (₹)	428.05 / 1077.65
All Time Low / High (₹)	1.57 / 1077.65
Market Cap (₹ Cr.)	3,340
Equity (₹ Cr.)	21.8
Face Value (₹)	5
Industry PE ⓘ	21.7

Management X-Ray of Kalyani Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Kalyani Steels

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Kalyani Steels

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,227	1,180	1,257	1,345	1,407	1,199	1,188	1,706	1,899	1,959
Operating Expenses ⓘ	1,060	945	970	1,142	1,195	1,004	925	1,367	1,654	1,588
Manufacturing Costs	318	317	223	240	281	226	197	261	281	295
Material Costs	585	443	607	766	789	624	612	967	1,185	1,121
Employee Cost	66	83	54	51	56	58	57	60	65	78
Other Costs ⓘ	90	102	86	85	68	95	58	79	123	94
Operating Profit ⓘ	167	235	287	203	212	195	263	339	246	371
Operating Profit Margin (%)	13.6%	19.9%	22.9%	15.1%	15.1%	16.3%	22.2%	19.8%	12.9%	18.9%
Other Income ⓘ	2	3	14	17	14	23	43	46	56	47
Interest ⓘ	15	12	10	9	7	8	7	13	28	25
Depreciation ⓘ	31	52	52	37	38	43	44	46	49	61
Exceptional Items ⓘ	0	0	0	0	12	0	0	0	0	0
Profit Before Tax ⓘ	124	174	239	175	193	168	255	326	225	333
Tax ⓘ	41	61	83	60	60	31	65	83	58	85
Profit After Tax	83	114	156	115	132	137	190	243	167	247
PAT Margin (%)	6.8%	9.6%	12.4%	8.5%	9.4%	11.4%	16.0%	14.2%	8.8%	12.6%
Adjusted EPS (₹)	19.1	26.0	35.9	26.3	30.3	31.4	43.6	55.7	38.3	56.7
Dividend Payout Ratio (%)	0%	0%	14%	19%	17%	16%	17%	18%	26%	18%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	476	590	702	785	891	964	1,154	1,367	1,489	1,691
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	22
Reserves ⓘ	454	568	680	763	869	942	1,132	1,346	1,468	1,670
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	182	261	190	126	0	0	168	438	465	513
Long Term Debt	157	110	59	17	0	0	18	190	164	83
Short Term Debt	25	152	131	110	0	0	150	249	301	429
Trade Payables	210	145	245	185	330	315	235	456	262	206
Others Liabilities ⓘ	216	259	225	182	109	85	92	95	134	174
Total Liabilities ⓘ	1,084	1,255	1,361	1,278	1,330	1,364	1,650	2,356	2,351	2,584
Fixed Assets
Gross Block	780	856	854	892	906	927	935	957	1,246	1,441
Accumulated Depreciation	338	368	418	455	484	508	552	598	647	707
Net Fixed Assetsⓘ	442	488	436	437	422	418	382	358	599	734
CWIP ⓘ	13	0	5	5	5	5	11	154	18	381
Investmentsⓘ	77	249	234	280	366	177	144	147	146	145
Inventories	156	109	135	112	154	126	119	218	324	202
Trade Receivables	328	346	465	376	309	236	249	416	405	421
Cash Equivalents ⓘ	5	7	24	34	38	361	626	974	749	541
Others Assetsⓘ	63	55	62	35	35	41	119	88	109	160
Total Assets ⓘ	1,084	1,255	1,361	1,278	1,330	1,364	1,650	2,356	2,351	2,584

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	114	161	152	191	286	257	62	263	-126	302
PBT ⓘ	124	174	239	175	193	168	255	326	225	333
Adjustment ⓘ	47	64	56	30	23	38	8	5	38	38
Changes in Working Capital ⓘ	-28	-26	-54	49	131	101	-135	21	-325	9
Tax Paid ⓘ	-28	-51	-89	-62	-61	-51	-65	-88	-64	-79
Cash Flow From Investing Activity ⓘ	-107	-255	-38	-77	-117	-183	-226	-470	153	-304
Capex	-142	-97	-13	-33	-22	-34	-16	-171	-111	-560
Net Investments	-46	-172	-30	-53	-103	-156	-240	-337	214	206
Others ⓘ	81	14	5	9	9	7	30	38	51	49
Cash Flow From Financing Activityⓘ	-19	97	-98	-105	-181	-80	160	218	-39	12
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	-41
Interest Paid ⓘ	-16	-12	-10	-9	-4	-9	-8	-17	-47	-32
Dividend Paid ⓘ	-15	0	0	-22	-26	-53	0	-33	-44	-44
Others ⓘ	12	109	-88	-74	-151	-18	168	268	52	129
Net Cash Flow ⓘ	-12	2	16	10	-12	-6	-3	11	-12	9

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	19.07	21.32	24.24	15.46	15.76	14.79	17.97	19.27	11.69	15.56
ROCE (%)	21.37	23.11	26.8	19.35	21.39	18.79	22.9	21.68	13.32	16.68
Asset Turnover Ratio	1.45	1.24	1.08	1.05	1.08	0.89	0.79	0.85	0.81	0.79
PAT to CFO Conversion(x)	1.37	1.41	0.97	1.66	2.17	1.88	0.33	1.08	-0.75	1.22
Working Capital Days
Receivable Days	78	84	105	111	89	83	74	71	79	77
Inventory Days	39	33	32	32	35	43	38	36	52	49
Payable Days	141	145	117	103	80	85	84	59	47	48

Kalyani Steels Ltd Stock News

Kalyani Steels Ltd FAQs

What is the share price of Kalyani Steels?

Company share prices are keep on changing according to the market conditions. The closing price of Kalyani Steels on 14-Nov-2024 16:59 is ₹765.1.

What is the market cap of Kalyani Steels?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Kalyani Steels stood at ₹3,340.1.

What is the P/E ratio of Kalyani Steels?

The latest P/E ratio of Kalyani Steels as of 14-Nov-2024 16:59 is 13.56.

What is the P/B ratio of Kalyani Steels?

The latest P/B ratio of Kalyani Steels as of 14-Nov-2024 16:59 is 1.89.

What is the 52-week high and low of Kalyani Steels?

The 52-week high of Kalyani Steels is ₹1,077.7 and the 52-week low is ₹428.1.

What is the TTM revenue of Kalyani Steels?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalyani Steels is ₹1,936 ( Cr.) .

About Kalyani Steels Ltd

Kalyani Steels (KSL), incorporated in 1973 is a part of the over $2.1 billion Kalyani Group. KSLâ€™s corporate headquarters are located in Pune.

It is leading manufacturer of forging and engineering quality carbon and alloy steels using the Blast Furnace route. KSL is supplier for engineering, automotive, seamless tube and primary aluminium industry.

Over the years, Kalyani Steels has been continuously upgrading its technology and infrastructure. The facilities at KSL are at par with any sophisticated steel manufacturers in the world.In 1997, the Kalyani Group set up a new plant to manufacture steel using the less power intensive mini-blast furnace route. The new facility is at Ginigera in the Hospet-Bellary region of Karnataka state, where iron ore is abundantly available. This integrated steel complex has capacity of 400,000 tpa of carbon and alloy steels, which is being expanded to 650,000 tpa.

Although the forging industry in India is the primary market for the companyâ€™s products, markets of various components for commercial vehicles, two wheelers, diesel engines, bearings, tractors, turbines and rail also form a substantial part of the companyâ€™s clientele.

The company has national and international clients like Alcan Iceland, Caterpillar Inc, Ford, Volvo, Ashok Leyland, Jindal Saw, Automobile Axles, Indian Railway and Tata Motors, among others.

Products

KSL has earned the status of preferred steel supplier for engineering, automotive, seamless tube and primary aluminum industry.

Steels- KSL manufactures wide range of steel of different grades. It manufactures carbon alloy and special steel for automobile, oil engine manufacturing and forging sectors, seamless tubes and low electrical resistively steel for primary aluminium industry.

Pig iron- It manufactures pig iron catering to industries like steel making, casting and aluminium.

Awards/recognition

It is an ISO 9001-2000, ISO 14001 & TS 16949 :2002 certified company