Announcement • 16h
Kalyani Forge Limited Announces Resignation of Jagdish Baheti as Chief Financial Officer, Effective April 30, 2026 Kalyani Forge Limited announced that Mr. Jagdish Baheti had tendered his resignation from the post of Chief Financial Officer (Key Managerial Personnel) of the Company due to personal reasons, with effect from the close of business hours on April 30, 2026. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹25.60 (vs ₹21.68 in FY 2025) Full year 2026 results: EPS: ₹25.60 (up from ₹21.68 in FY 2025). Revenue: ₹2.38b (flat on FY 2025). Net income: ₹93.2m (up 12% from FY 2025). Profit margin: 3.9% (up from 3.5% in FY 2025). Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 35% per year. Announcement • May 26
Kalyani Forge Limited Recommends Dividend for the Financial Year Ended March 31, 2026 Kalyani Forge Limited in its board meeting held on May 25, 2026 has recommended dividend for the current year of INR 4.00/- per equity share i.e. 40% per share (nominal value INR 10/- per equity share) for the Financial Year Ended March 31, 2026 subject to approval of members at the ensuing Annual General Meeting of the Company. Announcement • May 21
Kalyani Forge Limited to Report Q4, 2026 Results on May 25, 2026 Kalyani Forge Limited announced that they will report Q4, 2026 results on May 25, 2026 New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹2.30b market cap, or US$24.1m). Reported Earnings • Feb 13
Third quarter 2026 earnings released: ₹0.33 loss per share (vs ₹5.00 profit in 3Q 2025) Third quarter 2026 results: ₹0.33 loss per share (down from ₹5.00 profit in 3Q 2025). Revenue: ₹582.2m (flat on 3Q 2025). Net loss: ₹1.19m (down 107% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year. Announcement • Feb 05
Kalyani Forge Limited to Report Q3, 2026 Results on Feb 11, 2026 Kalyani Forge Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 11, 2026 New Risk • Dec 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹2.28b market cap, or US$25.4m). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹5.91 (vs ₹10.78 in 2Q 2025) Second quarter 2026 results: EPS: ₹5.91 (down from ₹10.78 in 2Q 2025). Revenue: ₹562.3m (down 9.8% from 2Q 2025). Net income: ₹21.5m (down 45% from 2Q 2025). Profit margin: 3.8% (down from 6.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
Kalyani Forge Limited to Report Q2, 2026 Results on Nov 12, 2025 Kalyani Forge Limited announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Oct 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.3% average weekly change). Market cap is less than US$100m (₹2.39b market cap, or US$27.0m). Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹788, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 34x in the Auto Components industry in India. Total returns to shareholders of 286% over the past three years. Upcoming Dividend • Aug 15
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.7%). Reported Earnings • Aug 12
Full year 2025 earnings released: EPS: ₹21.68 (vs ₹11.86 in FY 2024) Full year 2025 results: EPS: ₹21.68 (up from ₹11.86 in FY 2024). Revenue: ₹2.37b (flat on FY 2024). Net income: ₹83.1m (up 83% from FY 2024). Profit margin: 3.5% (up from 1.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 08
Kalyani Forge Limited, Annual General Meeting, Aug 29, 2025 Kalyani Forge Limited, Annual General Meeting, Aug 29, 2025, at 11:00 Indian Standard Time. Announcement • Aug 07
Kalyani Forge Limited to Report Q1, 2026 Results on Aug 13, 2025 Kalyani Forge Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹22.86 (vs ₹12.51 in FY 2024) Full year 2025 results: EPS: ₹22.86 (up from ₹12.51 in FY 2024). Revenue: ₹2.39b (up 1.0% from FY 2024). Net income: ₹83.1m (up 83% from FY 2024). Profit margin: 3.5% (up from 1.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
Kalyani Forge Limited to Report Q4, 2025 Results on May 27, 2025 Kalyani Forge Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 27, 2025 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹848, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 422% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹659, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 285% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹497, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 178% over the past three years. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹5.00 (vs ₹4.16 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.00 (up from ₹4.16 in 3Q 2024). Revenue: ₹586.2m (down 1.8% from 3Q 2024). Net income: ₹18.2m (up 20% from 3Q 2024). Profit margin: 3.1% (up from 2.5% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Kalyani Forge Limited to Report Q3, 2025 Results on Feb 11, 2025 Kalyani Forge Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹620, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 230% over the past three years. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹2.48b market cap, or US$28.6m). Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹779, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 322% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹558, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 189% over the past three years. Buy Or Sell Opportunity • Nov 14
Now 22% overvalued Over the last 90 days, the stock has fallen 2.0% to ₹506. The fair value is estimated to be ₹416, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹10.78 (vs ₹3.58 in 2Q 2024) Second quarter 2025 results: EPS: ₹10.78 (up from ₹3.58 in 2Q 2024). Revenue: ₹628.5m (up 3.2% from 2Q 2024). Net income: ₹39.2m (up 202% from 2Q 2024). Profit margin: 6.2% (up from 2.1% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
Kalyani Forge Limited to Report Q2, 2025 Results on Nov 12, 2024 Kalyani Forge Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Sep 09
Kalyani Forge Limited, Annual General Meeting, Sep 27, 2024 Kalyani Forge Limited, Annual General Meeting, Sep 27, 2024. Declared Dividend • Sep 07
Dividend of ₹3.00 announced Dividend of ₹3.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 73% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.6% EPS decline seen over the last 5 years. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹0.96 (vs ₹2.83 in 1Q 2024) First quarter 2025 results: EPS: ₹0.96 (down from ₹2.83 in 1Q 2024). Revenue: ₹576.0m (down 3.0% from 1Q 2024). Net income: ₹3.48m (down 66% from 1Q 2024). Profit margin: 0.6% (down from 1.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Kalyani Forge Limited to Report Fiscal Year 2024 Results on Aug 09, 2024 Kalyani Forge Limited announced that they will report fiscal year 2024 results on Aug 09, 2024 New Risk • Jun 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹2.02b market cap, or US$24.2m). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹555, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 175% over the past three years. Announcement • May 31
Kalyani Forge Limited Recommends Dividend Kalyani Forge Limited in its meeting held on May 30, 2024, has approved the following: the board of directors has recommended dividend for the current year of INR 3.00/- per equity share i.e. 30% per share (nominal value INR 10 per equity share) subject to approval of members at the upcoming annual general meeting of the company. Announcement • May 25
Kalyani Forge Limited to Report Q4, 2024 Results on May 30, 2024 Kalyani Forge Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • Apr 10
Kalyani Forge Limited Announces Resignation of Aniruddha Hublikar as Company Secretary and Compliance Officer Kalyani Forge Limited announced that Mr. Aniruddha Hublikar has tendered his resignation from the post of Company Secretary & Compliance Officer of the Company with effect from close of business hour on 9th April, 2024. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹4.16 (vs ₹7.63 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.16 (down from ₹7.63 in 3Q 2023). Revenue: ₹614.6m (down 12% from 3Q 2023). Net income: ₹15.1m (down 46% from 3Q 2023). Profit margin: 2.5% (down from 4.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Feb 06
Kalyani Forge Limited to Report Q3, 2024 Results on Feb 13, 2024 Kalyani Forge Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Non- Executive Independent Director Abhijit Sen was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 31
Kalyani Forge Limited Announces Resignation of Adit Madhusudan Rathi as Independent Director Kalyani Forge Limited announced that Mr. Adit Madhusudan Rathi, Independent Director of Kalyani Forge Limited has resigned effective January 30, 2024. due to personal reasons. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹485, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 198% over the past three years. New Risk • Nov 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.73b market cap, or US$20.7m). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹474, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 272% over the past three years. Announcement • Nov 04
Kalyani Forge Limited to Report Q2, 2024 Results on Nov 11, 2023 Kalyani Forge Limited announced that they will report Q2, 2024 results on Nov 11, 2023 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹383, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 201% over the past three years. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.55b market cap, or US$18.6m). Announcement • Sep 22
Kalyani Forge Limited Approves Appointment of Viraj Gaurishankar Kalyani as the Managing Director The shareholders of Kalyani Forge Limited have approved the appointment of Mr. Viraj Gaurishankar Kalyani as the Managing Director of the Company in the Annual General Meeting of the Company held on 20th September 2023. Graduate from University of Pennsylvania by completing Jerome Fisher Program in Management and Technology and has also completed a four year dual degree program with Bachelor of Science in Economics and Concentration in Finance at the Wharton School and Bachelor of Science in Engineering, Major in Mechanical Engineering and Applied Science. Mr. Viraj Kalyani had joined the Company in the year 2012 as an Executive Vice President and contributed to expansion plans, business systems and research for potential new business opportunities and diversification. He also served as the Chief Executive Officer of the company from 29th January 2020 till 28th October 2021. He was serving as an Executive Director of the Company from 17th May 2013 till 16th May 2018 and was re- appointed as an Executive Director from 15th May 2019. Mr. Viraj Kalyani was appointed as the Managing Director of the Company in the meeting of Board of Directors of the Company held on 11th August 2023. Announcement • Sep 21
Kalyani Forge Limited Approves Appointment of Viraj Gaurishankar Kalyani as Chief Financial Officer, Effective on September 20, 2023 Kalyani Forge Limited at its meetings held on September 20, 2023 appointed Mr. Viraj Gaurishankar Kalyani as the Chief Financial Officer (CFO) of the Company with effect from 20th September, 2023. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹540, the stock trades at a trailing P/E ratio of 56.4x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 294% over the past three years. Upcoming Dividend • Sep 06
Upcoming dividend of ₹3.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%). Announcement • Aug 29
Kalyani Forge Limited, Annual General Meeting, Sep 20, 2023 Kalyani Forge Limited, Annual General Meeting, Sep 20, 2023, at 10:00 Indian Standard Time. Agenda: To receive, consider and adopt the Financial Statements of the Company for the financial year ended March 31, 2023 together with reports of the Board of Directors and Auditors thereon; To declare final dividend on equity shares for the Financial Year ended March 31, 2023; To appoint a Director, in place of Mrs. Rohini G. Kalyani who retires by rotation and being eligible, offers herself for re- appointment. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹330, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 110% over the past three years. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹2.83 (vs ₹3.17 in 1Q 2023) First quarter 2024 results: EPS: ₹2.83 (down from ₹3.17 in 1Q 2023). Revenue: ₹596.7m (up 1.8% from 1Q 2023). Net income: ₹10.3m (down 11% from 1Q 2023). Profit margin: 1.7% (down from 2.0% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Kalyani Forge Limited to Report Q1, 2024 Results on Aug 11, 2023 Kalyani Forge Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: ₹9.92 (vs ₹8.61 in FY 2022) Full year 2023 results: EPS: ₹9.92 (up from ₹8.61 in FY 2022). Revenue: ₹2.74b (up 11% from FY 2022). Net income: ₹36.1m (up 15% from FY 2022). Profit margin: 1.3% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • May 19
Kalyani Forge Limited to Report Q4, 2023 Results on May 25, 2023 Kalyani Forge Limited announced that they will report Q4, 2023 results on May 25, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹245, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 180% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹7.63 (vs ₹1.33 in 3Q 2022) Third quarter 2023 results: EPS: ₹7.63 (up from ₹1.33 in 3Q 2022). Revenue: ₹714.4m (up 17% from 3Q 2022). Net income: ₹27.7m (up 478% from 3Q 2022). Profit margin: 3.9% (up from 0.8% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Kalyani Forge Limited to Report Q3, 2023 Results on Feb 13, 2023 Kalyani Forge Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹2.97 loss per share (vs ₹3.00 profit in 2Q 2022) Second quarter 2023 results: ₹2.97 loss per share (down from ₹3.00 profit in 2Q 2022). Revenue: ₹754.2m (up 20% from 2Q 2022). Net loss: ₹10.8m (down 199% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Nov 16
Kalyani Forge Limited Announces Management Changes Kalyani Forge Limited announced that at its board meeting held on November 14, 2022, approved the resignation of Mr. Rohan Deshpande, Company Secretary and Compliance Officer of the Company taken on record by the Board of Directors with effect from 13 November, 2022 and Appointment of Mr. Aniruddha Hublikar as Company Secretary & Compliance Officer of the Company made with effect from 14 November, 2022. He is a A qualified Company Secretary having masters' degree in law (LL.M) and having experience of 4 years in Secretarial Compliances, Legal Compliances, liaising with concerned government officials. Announcement • Nov 07
Kalyani Forge Limited to Report Q2, 2023 Results on Nov 14, 2022 Kalyani Forge Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 18% share price gain to ₹254, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 59% over the past three years. Announcement • Aug 05
Kalyani Forge Limited to Report Q1, 2023 Results on Aug 11, 2022 Kalyani Forge Limited announced that they will report Q1, 2023 results on Aug 11, 2022 Upcoming Dividend • Aug 03
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 17 September 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.6%). Reported Earnings • Aug 02
Full year 2022 earnings released: EPS: ₹8.61 (vs ₹4.84 loss in FY 2021) Full year 2022 results: EPS: ₹8.61 (up from ₹4.84 loss in FY 2021). Revenue: ₹2.47b (up 36% from FY 2021). Net income: ₹31.3m (up ₹48.9m from FY 2021). Profit margin: 1.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jul 28
Kalyani Forge Limited, Annual General Meeting, Aug 18, 2022 Kalyani Forge Limited, Annual General Meeting, Aug 18, 2022, at 14:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended 31 March 2022 together with reports of the Board of Directors and Auditors thereon; to declare a dividend on equity shares for the Financial Year ended 31 March 2022; to appoint of a Director, in place of Mr. Gaurishankar N. Kalyani who retires by rotation and being eligible, offers himself for re-appointment; and to consider any other matter thereof. Announcement • May 28
Kalyani Forge Limited Recommends Dividend for the Year Ended March 31, 2022 Kalyani Forge Limited at the Board of Directors meeting on May 27, 2022, recommended dividend for the yea ended March 31, 2022 of INR 3.00 per equity share i.e. 30% per share (nominal value INR 10 per equity share) subject to approval of members at the ensuing Annual General Meeting of the Company. Announcement • May 22
Kalyani Forge Limited to Report Q4, 2022 Results on May 27, 2022 Kalyani Forge Limited announced that they will report Q4, 2022 results on May 27, 2022 Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.33 (down from ₹7.05 in 3Q 2021). Revenue: ₹611.6m (up 9.0% from 3Q 2021). Net income: ₹4.80m (down 81% from 3Q 2021). Profit margin: 0.8% (down from 4.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
Kalyani Forge Limited Announces CFO Changes Kalyani Forge Limited at its Board of Directors meeting held on February 2, 2022 approved the resignation of Mr. Amol Khutwad from the position of Chief Financial Officer (CFO) of the Company with effect from February 02, 2022. Furthermore Board of Directors also approved appointment of Mr. Laxmi Narayan Patra as Chief Financial Officer of the Company with effect from February 03, 2022. Organizational Experience: RALLIWOLF WELDINGS LIMITED, (Formerly known as JAYA HIND SCIAKY LIMTED, a Kinetic Group of Company), Role and responsibilities - DGM – Accounts. He was working with the organization for 6 years, being part of finance and credit control team he contributed towards developing and analyzing various business initiatives, planning of financial strategies and activities, ensuring proper maintenance of accounting systems and functions, preparation and analyzing budgets and periodic reports. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS ₹3.00 (vs ₹6.29 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹630.2m (up 57% from 2Q 2021). Net income: ₹10.9m (up ₹33.8m from 2Q 2021). Profit margin: 1.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 29
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 13 September 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.7%). Reported Earnings • Jul 24
Full year 2021 earnings released: ₹4.84 loss per share (vs ₹19.04 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹1.81b (down 10.0% from FY 2020). Net loss: ₹17.6m (loss narrowed 75% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 24
Non Executive & Independent Director has left the company On the 15th of April, Vishwas Chitrao's tenure as Non Executive & Independent Director ended after 5.0 years in the role. We don't have any record of a personal shareholding under Vishwas' name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Feb 17
New 90-day high: ₹173 The company is up 35% from its price of ₹128 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 31% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹7.05 (vs ₹7.29 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹567.7m (up 67% from 3Q 2020). Net income: ₹25.7m (up ₹52.2m from 3Q 2020). Profit margin: 4.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
Kalyani Forge Limited to Report Q3, 2021 Results on Feb 11, 2021 Kalyani Forge Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Jan 12
New 90-day high: ₹168 The company is up 16% from its price of ₹145 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₹149 The company is up 1.0% from its price of ₹148 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 25% over the same period. Announcement • Nov 11
Kalyani Forge Limited Announces Executive Changes Kalyani Forge Limited announced the resignation of Avinash Khare due to superannuation as chief financial officer effective from November 10, 2020 and announced the appointment of Amol Khutwad as acting chief financial officer of the company effective from November 11, 2020. Is New 90 Day High Low • Nov 08
New 90-day low: ₹131 The company is down 4.0% from its price of ₹137 on 10 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 8.0% over the same period. Announcement • Sep 08
Kalyani Forge Limited to Report Q1, 2021 Results on Sep 15, 2020 Kalyani Forge Limited announced that they will report Q1, 2021 results on Sep 15, 2020 Announcement • Aug 11
Kalyani Forge Limited to Report Fiscal Year 2020 Results on Aug 17, 2020 Kalyani Forge Limited announced that they will report fiscal year 2020 results on Aug 17, 2020 Announcement • Aug 08
Kalyani Forge Limited Updates on its Operations Kalyani Forge Limited announced that the lockdown announced by Government of India in the wake of pandemic in the month of March, resulted in temporary shutdown of Company's plants/offices. Announcement • Jul 26
Kalyani Forge Limited to Report Q4, 2020 Results on Jul 30, 2020 Kalyani Forge Limited announced that they will report Q4, 2020 results on Jul 30, 2020