Kalyani Forge Limited, an engineering company, engages in the manufacture and sale of forged, machined, and assembled products for automotive; construction, mining, and infrastructure; power generation; marine; industrial good; agriculture; and railway industries in India.
Kalyani Forge Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹197.00|
|52 Week High||₹124.10|
|52 Week Low||₹239.90|
|1 Month Change||-4.83%|
|3 Month Change||-4.60%|
|1 Year Change||43.38%|
|3 Year Change||-34.54%|
|5 Year Change||-35.87%|
|Change since IPO||1,776.19%|
Recent News & Updates
|513509||IN Auto Components||IN Market|
Return vs Industry: 513509 underperformed the Indian Auto Components industry which returned 79.4% over the past year.
Return vs Market: 513509 underperformed the Indian Market which returned 68.3% over the past year.
Stable Share Price: 513509 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 513509's weekly volatility (6%) has been stable over the past year.
About the Company
Kalyani Forge Limited, an engineering company, engages in the manufacture and sale of forged, machined, and assembled products for automotive; construction, mining, and infrastructure; power generation; marine; industrial good; agriculture; 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.
Kalyani Forge Fundamentals Summary
|513509 fundamental statistics|
Is 513509 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|513509 income statement (TTM)|
|Cost of Revenue||₹1.24b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.98|
|Net Profit Margin||0.33%|
How did 513509 perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
Is Kalyani Forge undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 513509 (₹197) is trading above our estimate of fair value (₹162.07)
Significantly Below Fair Value: 513509 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 513509 is poor value based on its PE Ratio (99.6x) compared to the Indian Auto Components industry average (22x).
PE vs Market: 513509 is poor value based on its PE Ratio (99.6x) compared to the Indian market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 513509's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 513509 is good value based on its PB Ratio (0.7x) compared to the IN Auto Components industry average (2.2x).
How is Kalyani Forge forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kalyani Forge has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Kalyani Forge performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 513509 has a large one-off loss of ₹4.4M impacting its June 30 2021 financial results.
Growing Profit Margin: 513509 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 513509's earnings have declined by 39.3% per year over the past 5 years.
Accelerating Growth: 513509 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 513509 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (139.8%).
Return on Equity
High ROE: 513509's Return on Equity (0.7%) is considered low.
How is Kalyani Forge's financial position?
Financial Position Analysis
Short Term Liabilities: 513509's short term assets (₹1.2B) exceed its short term liabilities (₹766.2M).
Long Term Liabilities: 513509's short term assets (₹1.2B) exceed its long term liabilities (₹63.0M).
Debt to Equity History and Analysis
Debt Level: 513509's debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: 513509's debt to equity ratio has reduced from 42% to 27.3% over the past 5 years.
Debt Coverage: 513509's debt is well covered by operating cash flow (27.2%).
Interest Coverage: 513509's interest payments on its debt are not well covered by EBIT (1.8x coverage).
What is Kalyani Forge current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 513509's dividend (0.76%) is higher than the bottom 25% of dividend payers in the Indian market (0.33%).
High Dividend: 513509's dividend (0.76%) is low compared to the top 25% of dividend payers in the Indian market (1.36%).
Stability and Growth of Payments
Stable Dividend: 513509's dividend payments have been volatile in the past 10 years.
Growing Dividend: 513509's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.9%), 513509's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Viraj Kalyani (31 yo)
Mr. Viraj Gaurishankar Kalyani has been an Executive Director of Kalyani Forge Ltd., since May 17, 2013 and its Chief Executive Officer since January 29, 2020. Mr. Kalyani joined Kalyani Forge Ltd as Execu...
CEO Compensation Analysis
Compensation vs Market: Viraj's total compensation ($USD25.25K) is below average for companies of similar size in the Indian market ($USD38.87K).
Compensation vs Earnings: Viraj's compensation has been consistent with company performance over the past year.
Experienced Management: 513509's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: 513509's board of directors are considered experienced (8.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kalyani Forge Limited's employee growth, exchange listings and data sources
- Name: Kalyani Forge Limited
- Ticker: 513509
- Exchange: BSE
- Founded: 1979
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: ₹716.686m
- Shares outstanding: 3.64m
- Website: https://www.kalyaniforge.co.in
Number of Employees
- Kalyani Forge Limited
- Shangrila Gardens
- 1st Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:32|
|End of Day Share Price||2021/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.