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Kalyani ForgeBSE:513509 Stock Report

Market Cap

₹716.7m

7D

1.0%

1Y

43.4%

Updated

19 Oct, 2021

Data

Company Financials
513509 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

513509 Overview

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

Sona BLW Precision Forgings

BSE:543300

₹407.8b

Sundram Fasteners

NSEI:SUNDRMFAST

₹190.0b

Mahindra CIE Automotive

BSE:532756

₹107.3b

Varroc Engineering

NSEI:VARROC

₹45.5b

Price History & Performance

Summary of all time highs, changes and price drops for Kalyani Forge
Historical stock prices
Current Share Price₹197.00
52 Week High₹124.10
52 Week Low₹239.90
Beta0.93
1 Month Change-4.83%
3 Month Change-4.60%
1 Year Change43.38%
3 Year Change-34.54%
5 Year Change-35.87%
Change since IPO1,776.19%

Recent News & Updates

Shareholder Returns

513509IN Auto ComponentsIN Market
7D1.0%-0.9%1.2%
1Y43.4%75.5%65.9%

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.

Price Volatility

Is 513509's price volatile compared to industry and market?
513509 volatility
513509 Beta0.93
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
1979576Viraj Kalyanihttps://www.kalyaniforge.co.in

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

How do Kalyani Forge's earnings and revenue compare to its market cap?
513509 fundamental statistics
Market Cap₹716.69m
Earnings (TTM)₹7.20m
Revenue (TTM)₹2.19b

99.6x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
513509 income statement (TTM)
Revenue₹2.19b
Cost of Revenue₹1.24b
Gross Profit₹954.92m
Expenses₹947.73m
Earnings₹7.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.98
Gross Margin43.60%
Net Profit Margin0.33%
Debt/Equity Ratio27.3%

How did 513509 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

76%

Payout Ratio

Valuation

Is Kalyani Forge undervalued compared to its fair value and its price relative to the market?

99.58x

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).


Future Growth

How is Kalyani Forge forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.3%

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.


Past Performance

How has Kalyani Forge performed over the past 5 years?

-39.3%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Kalyani Forge current dividend yield, its reliability and sustainability?

0.76%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Viraj Kalyani (31 yo)

1.75yrs

Tenure

₹1,902,285

Compensation

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.


Leadership Team

Experienced Management: 513509's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: 513509's board of directors are considered experienced (8.2 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kalyani Forge Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Kalyani Forge Limited
  • Shangrila Gardens
  • 1st Floor
  • Pune
  • Maharashtra
  • 411001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:32
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.