Kalyani Commercials Ltd. (KALYANI) AI Stock Analysis

Kalyani Commercials Ltd.

(NSE:KALYANI)

Select Model

Rating:69Neutral

Action:reiterated

Date:09/06/26

The score is led by solid financial performance—especially substantial deleveraging and improving net income—tempered by cash-flow volatility (large negative 2026 free cash flow) and a near-term revenue slowdown. Valuation appears reasonable on P/E, while technical signals cannot be evaluated due to missing indicator data.

Positive Factors

Significant deleveraging and stronger equity baseThe sharp reduction in debt alongside substantial equity growth strengthens financial resilience and lowers financing pressure. A stronger balance sheet gives the dealership greater flexibility to fund operations, absorb volatility, and pursue growth without relying heavily on borrowings.

Negative Factors

Latest-year revenue slowdownThe latest revenue contraction interrupts the company’s earlier growth trajectory and raises questions about near-term demand and sales momentum. If the slowdown persists, it could limit operating leverage, reduce reinvestment capacity, and make future profit growth more dependent on cost control.

Kalyani Commercials Ltd. Business Overview & Revenue Model

Company Description

Established in 1985 and headquartered in Delhi, India, Kalyani Commercials Limited operates primarily in two sectors: the sale and maintenance of commercial vehicles and two-wheelers, and the retail of petroleum products. Their offerings in the petro...

Kalyani Commercials Ltd. Financial Statement Overview

Summary

Strong balance-sheet improvement and deleveraging (debt down to ₹5.8M in 2026) alongside rising net income (₹170.8M in 2026). Offsetting this are a 2026 revenue decline (-7.1%) and volatile cash generation, with free cash flow turning sharply negative in 2026 (₹-185.0M).

Income Statement

74Positive

Balance Sheet

86Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.50B	1.50B	1.39B	944.77M	494.53M	112.00M
Gross Profit	247.15M	247.15M	289.11M	157.51M	33.57M	9.12M
EBITDA	236.64M	218.18M	203.90M	141.23M	22.80M	8.26M
Net Income	170.76M	170.80M	142.66M	95.94M	13.01M	2.60M
Balance Sheet
Total Assets	991.20M	991.20M	749.12M	646.02M	160.66M	136.79M
Cash, Cash Equivalents and Short-Term Investments	72.10M	72.10M	267.11M	249.37M	13.80M	1.15M
Total Debt	5.78M	5.78M	52.76M	76.97M	26.99M	49.85M
Total Liabilities	129.07M	129.07M	98.19M	137.74M	98.23M	87.37M
Stockholders Equity	816.80M	816.80M	646.00M	503.45M	62.43M	49.42M
Cash Flow
Free Cash Flow	-185.03M	-185.03M	36.48M	-118.41M	35.53M	-3.85M
Operating Cash Flow	182.00M	182.00M	82.83M	-94.96M	54.42M	1.09M
Investing Cash Flow	-200.12M	-200.12M	-40.12M	-165.32M	-18.90M	-4.94M
Financing Cash Flow	-46.99M	-46.99M	-25.99M	305.69M	-22.87M	558.00K

Kalyani Commercials Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KALYANI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PRITIKAUTO	71Outperform	INR 2.32B	6.04	―	―	34.13%	20.60%
IN:KALYANI	69Neutral	―	6.86	―	―	35.94%	7.89%
IN:AUTOIND	62Neutral	INR 3.19B	7.97	―	―	42.21%	178.69%
IN:PPAP	61Neutral	INR 2.93B	6.33	―	1.20%	10.74%	899.70%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SETCO	45Neutral	INR 2.07B	0.84	―	83.87%	-6.53%	―
IN:SHIVAMAUTO	41Neutral	INR 3.08B	-1.80	―	―	-0.77%	-48.26%

* General Sector Average

Performance Comparison

IN:KALYANI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:AUTOIND	Autoline Industries Limited	70.34	-0.66	-0.93%
IN:PPAP	PPAP Automotive Limited	207.30	-53.00	-20.36%
IN:PRITIKAUTO	Pritika Auto Industries Ltd	13.92	-1.65	-10.60%
IN:SETCO	Setco Automotive Limited	15.50	5.42	53.79%
IN:SHIVAMAUTO	Shivam Autotech Limited	13.33	-11.84	-47.03%

Kalyani Commercials Ltd. Corporate Events

Kalyani Commercials Closes Trading Window Ahead of Q1 FY27 Results

Jun 30, 2026

Kalyani Commercials Ltd. has notified the National Stock Exchange that its trading window for designated persons and their immediate relatives will be closed from July 1, 2026 until 48 hours after the public announcement of its unaudited financial re...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Kalyani Commercials Ltd. AI Stock Analysis