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Kalyani SteelsBSE:500235 Stock Report

Market Cap

₹16.5b

7D

-4.8%

1Y

72.3%

Updated

21 Oct, 2021

Data

Company Financials
500235 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

500235 Overview

Kalyani Steels Limited manufactures and sells iron and steel products.

Kalyani Steels Competitors

JSW Steel

BSE:500228

₹1.6t

Shyam Metalics and Energy

BSE:543299

₹91.9b

Tata Steel Long Products

BSE:513010

₹39.2b

Sunflag Iron and Steel

BSE:500404

₹14.9b

Price History & Performance

Summary of all time highs, changes and price drops for Kalyani Steels
Historical stock prices
Current Share Price₹378.70
52 Week High₹206.80
52 Week Low₹465.55
Beta1.1
1 Month Change-0.29%
3 Month Change-13.78%
1 Year Change72.25%
3 Year Change72.33%
5 Year Change17.94%
Change since IPO1,461.65%

Recent News & Updates

Shareholder Returns

500235IN Metals and MiningIN Market
7D-4.8%-1.9%-2.4%
1Y72.3%131.7%62.6%

Return vs Industry: 500235 underperformed the Indian Metals and Mining industry which returned 139.5% over the past year.

Return vs Market: 500235 exceeded the Indian Market which returned 63.7% over the past year.

Price Volatility

Is 500235's price volatile compared to industry and market?
500235 volatility
500235 Beta1.1
Industry Beta1.23
Market Beta1

Stable Share Price: 500235 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 500235's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197363Ravindra Goyalhttps://www.kalyanisteels.com

Kalyani Steels Limited manufactures and sells iron and steel products. It provides rolled bars for various automotive applications, including crankshaft, camshaft, connecting rods, gears, transmission shafts, axle beams, steering knuckles, and others; rolled bars for engineering applications comprising alloyed steels for use in energy, railways, defense, fasteners, material handling, etc.; and steel for use in the earthmoving, cement, sugar, steel, coal, ship-building, and oilfield industries, as well as general engineering equipment. The company also offers round cast for seamless tube industry; and machined bars for aluminum smelting industry.

Kalyani Steels Fundamentals Summary

How do Kalyani Steels's earnings and revenue compare to its market cap?
500235 fundamental statistics
Market Cap₹16.53b
Earnings (TTM)₹2.51b
Revenue (TTM)₹14.57b

6.6x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500235 income statement (TTM)
Revenue₹14.57b
Cost of Revenue₹9.92b
Gross Profit₹4.65b
Expenses₹2.13b
Earnings₹2.51b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)57.60
Gross Margin31.91%
Net Profit Margin17.26%
Debt/Equity Ratio15.1%

How did 500235 perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

13%

Payout Ratio

Valuation

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

6.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500235 (₹378.7) is trading above our estimate of fair value (₹106.35)

Significantly Below Fair Value: 500235 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500235 is good value based on its PE Ratio (6.6x) compared to the Indian Metals and Mining industry average (12.3x).

PE vs Market: 500235 is good value based on its PE Ratio (6.6x) compared to the Indian market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500235's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500235 is good value based on its PB Ratio (1.4x) compared to the IN Metals and Mining industry average (1.7x).


Future Growth

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

-8.1%

Forecasted Materials 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 Steels 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 Steels performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500235 has high quality earnings.

Growing Profit Margin: 500235's current net profit margins (17.3%) are higher than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: 500235's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: 500235's earnings growth over the past year (131%) exceeds its 5-year average (7.6% per year).

Earnings vs Industry: 500235 earnings growth over the past year (131%) exceeded the Metals and Mining industry 129.5%.


Return on Equity

High ROE: 500235's Return on Equity (21.9%) is considered high.


Financial Health

How is Kalyani Steels's financial position?


Financial Position Analysis

Short Term Liabilities: 500235's short term assets (₹10.3B) exceed its short term liabilities (₹4.4B).

Long Term Liabilities: 500235's short term assets (₹10.3B) exceed its long term liabilities (₹619.1M).


Debt to Equity History and Analysis

Debt Level: 500235's debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: 500235's debt to equity ratio has reduced from 49.7% to 15.1% over the past 5 years.

Debt Coverage: 500235's debt is well covered by operating cash flow (32%).

Interest Coverage: 500235's interest payments on its debt are well covered by EBIT (33.6x coverage).


Balance Sheet


Dividend

What is Kalyani Steels's current dividend yield, its reliability and sustainability?

1.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500235's dividend (1.98%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 500235's dividend (1.98%) is in the top 25% of dividend payers in the Indian market (1.38%)


Stability and Growth of Payments

Stable Dividend: 500235's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500235's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13%), 500235's dividend payments are thoroughly 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?

8.4yrs

Average management tenure


CEO

Ravindra Goyal (63 yo)

10.75yrs

Tenure

₹97,670,000

Compensation

Mr. Ravindra Kumar Goyal has been Managing Director of Kalyani Steels Ltd. since January 17, 2011. Mr. Goyal serves as an Additional Non-Executive Independent Director at Hikal Limited since February 4, 20...


CEO Compensation Analysis

Compensation vs Market: Ravindra's total compensation ($USD1.30M) is above average for companies of similar size in the Indian market ($USD190.61K).

Compensation vs Earnings: Ravindra's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 500235's management team is seasoned and experienced (8.4 years average tenure).


Board Members

Experienced Board: 500235's board of directors are seasoned and experienced ( 10 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 Steels Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kalyani Steels Limited
  • Ticker: 500235
  • Exchange: BSE
  • Founded: 1973
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹16.531b
  • Shares outstanding: 43.65m
  • Website: https://www.kalyanisteels.com

Number of Employees


Location

  • Kalyani Steels Limited
  • Corporate Building
  • 2nd Floor
  • Pune
  • Maharashtra
  • 411036
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:03
End of Day Share Price2021/10/21 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.