Kalyani Forge Limited (KALYANIFRG) AI Stock Analysis

• Market Cap: ₹2.44B
• Dividend Yield: 0.6%
• Average Volume (3M): 227.00
• Price to Earnings (P/E): 26.4
• Beta (1Y): 0.58
• Revenue Growth: 4.21%
• EPS Growth: 142.44%
• Country: IN
• Employees: 851
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): 3.87
• Shares Outstanding: 3,638,000
• 10 Day Avg. Volume: 203
• 30 Day Avg. Volume: 227
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹735.00
• Price Target Upside: 9.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: ₹735.00 ▲(9.79% Upside)

Kalyani Forge Limited's overall stock score is driven by a mixed financial performance, with strong profitability but challenges in cash flow and debt management. Technical indicators suggest a lack of momentum, and the valuation indicates potential overvaluation. These factors combined suggest a cautious outlook for the stock.

Kalyani Forge Limited Business Overview & Revenue Model

Company Description

Kalyani Forge Limited, an engineering company, engages in the manufacture and sale of forged, machined, and assembled products for automotive; construction; power generation; marine; industrial good; and railway industries in India. The company offers engine parts, including connecting rods, crank shafts, cam shafts, retainer valves, cross head valves, injector clamps, rocker arms, balance weights, and cam lobes; and chassis systems, such as idler arms, control arms, steering knuckles, FS arms, and brackets. It also provides turbocharger parts comprising nozzle rings and pipe cast flanges; warm and cold forged parts for fluid flywheels, and wet double clutch; and driveline products consisting of tulips, inner races, tripods, spiders, outer races, yoke shafts, and double yokes. In addition, the company offers steering and suspension products, including stub axles, tie-rod ends, suspension ball joints, universal joints, and pitman arms; and various cold and hot forged parts for industrial applications, such as power tools, conveyors, and compressors. It also exports its products. The company was incorporated in 1979 and is based in Pune, India.

How the Company Makes Money

Kalyani Forge Limited generates revenue through the manufacturing and sale of forged components and machined parts. The company serves a diverse clientele, including major automotive manufacturers, industrial equipment producers, and construction companies, providing custom solutions to meet their specific needs. Revenue is primarily generated from the sale of these forged products, which are used in critical applications across different industries. Additionally, Kalyani Forge might engage in partnerships and collaborations with other companies to enhance its product offerings and expand its market reach, thereby contributing to its earnings.

Kalyani Forge Limited Financial Statement Overview

Summary

Kalyani Forge Limited shows improved profitability metrics, with a strong gross profit margin and enhanced net profit margin. However, challenges remain with negative free cash flow and a moderate debt-to-equity ratio, indicating the need for better cash flow management and debt reduction.

Income Statement

Kalyani Forge Limited shows a stable revenue growth with a slight increase in total revenue from the previous year. The gross profit margin is strong, and the net profit margin has improved significantly from the previous periods, indicating enhanced profitability. The EBITDA margin is healthy, but there's a need to improve the EBIT margin to sustain long-term growth.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio, which suggests manageable debt levels, but there is room for improvement. The return on equity is positive, indicating the company is effectively using its equity base. However, the equity ratio shows that a significant portion of assets is financed by debt, which could pose a risk if not managed carefully.

Cash Flow

Cash flow analysis indicates challenges with free cash flow, which has been negative, highlighting potential issues in generating cash from operations. The operating cash flow to net income ratio is reasonable, but the company needs to focus on improving its free cash flow generation to support future investments and reduce dependency on financing activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.35B	2.37B	2.36B	2.67B	2.46B	1.80B
Gross Profit	1.00B	767.77M	696.85M	658.91M	661.34M	83.01M
EBITDA	209.42M	265.12M	173.17M	152.62M	193.79M	133.59M
Net Income	67.93M	83.15M	45.50M	-1.84M	31.33M	-17.60M
Balance Sheet
Total Assets	0.00	2.30B	2.05B	1.81B	1.83B	1.83B
Cash, Cash Equivalents and Short-Term Investments	91.86M	29.09M	59.34M	10.29M	18.66M	1.03M
Total Debt	0.00	715.68M	609.12M	381.93M	264.88M	273.21M
Total Liabilities	-862.89M	1.41B	1.23B	1.03B	805.15M	829.10M
Stockholders Equity	862.89M	896.87M	820.07M	777.02M	1.03B	1.00B
Cash Flow
Free Cash Flow	0.00	-95.58M	-159.55M	-101.45M	64.52M	60.05M
Operating Cash Flow	0.00	147.92M	100.04M	-25.00M	111.22M	74.22M
Investing Cash Flow	0.00	-243.50M	-258.49M	-58.45M	-41.37M	-12.64M
Financing Cash Flow	0.00	96.34M	157.34M	75.08M	-52.21M	-74.93M

Kalyani Forge Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 669.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KALYANIFRG, the sentiment is Negative. The current price of 669.45 is below the 20-day moving average (MA) of 696.03, below the 50-day MA of 703.24, and above the 200-day MA of 666.93, indicating a neutral trend. The MACD of -6.44 indicates Positive momentum. The RSI at 36.86 is Neutral, neither overbought nor oversold. The STOCH value of 8.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KALYANIFRG.

Kalyani Forge Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MMFL	70 Outperform	14.89B	14.31	13.65%	1.30%	-4.47%	-17.62%
SONACOMS	66 Neutral	253.13B	43.14	10.94%	0.79%	5.20%	1.76%
KALYANIFRG	60 Neutral	₹2.44B	26.43	―	0.60%	4.21%	142.44%
GUJAPOLLO	59 Neutral	5.87B	-1,205.06	0.48%	0.40%	-15.84%	-103.88%
RKFORGE	51 Neutral	96.54B	23.20	10.53%	0.37%	0.55%	17.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%