Kalyani Group

Pune, India Founded: 1960 • Age: 66 yrs Listed
Engineering manufacturing company focused on Automotive, Industrial, Renewable Energy, etc
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About Kalyani Group

Kalyani Group is a publicly listed company based in Pune (India) founded in 1960. Engineering manufacturing company focused on Automotive, Industrial, Renewable Energy, etc. The company has 191 employees. Its Indian entity Bharat Forge Ltd reported revenue of ₹17,010 Cr.

Company details

The Kalyani Group was founded in 1960 and is headquartered in Pune, India. Operations are conducted in engineering and manufacturing across multiple sectors, including automotive components, industrial machinery, and renewable energy solutions. Services encompass design, production, and supply chain management for diverse applications. The company maintains a presence in both domestic and international markets, with emphasis on technological integration and sustainability practices.

  • Headquarters Pune, India
  • Employees 191
  • Stage Public
  • Phone
    •••• ••••
  • Website kalyanigroup.com
  • Social LinkedIn X Facebook
  • Legal Name Bharat Forge Limited
  • Date of Incorporation 19 Jun, 1961
  • Jurisdiction Pune, Maharashtra, India
Key Metrics
  • Market Cap
    ₹85,664 Cr

    BHARATFORG · NSE

  • Share Price
    ₹1,740.00

    -0.74% today

  • Revenue
    ₹16,812 Cr

    FY 2025-26 · +11.2% YoY

  • EBITDA
    ₹2,763 Cr

    Margin 16.4%

  • Net Profit
    ₹1,129 Cr

    FY 2025-26 · +18.7% YoY

  • P/E (TTM)
    84.8x

    P/B 7.4x

  • ROE
    11.6%

    ROCE 11.7%

  • Debt / Equity
    0.74

    Interest cover 18.1x

  • Employee Count
    191

Board of directors of Bharat Forge Ltd (Kalyani Group)

Bharat Forge Ltd is the primary company behind Kalyani Group. The board of Bharat Forge Ltd currently have 10 directors; the longest-serving is Babasaheb Neelkanth Kalyani, appointed in 1993. 28 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Babasaheb Neelkanth Kalyani
DIN 00089380
Managing Director30 Mar 199333 yrs 7 moBharat Forge Ltd
Subodh Eknath Tandale
DIN 00266833
Whole-time director23 May 200620 yrs 5 moBharat Forge Ltd
Basavraj Prabhakar Kalyani
DIN 00267202
Whole-time director23 May 200620 yrs 5 moBharat Forge Ltd
Amit Babasaheb Kalyani
DIN 00089430
Whole-time director11 May 200917 yrs 5 moBharat Forge Ltd
Dipak Balasaheb Mane
DIN 01215889
Director21 Jun 20197 yrs 4 moBharat Forge Ltd
Kanwar Bir Singh Anand
DIN 03518282
Director27 Jun 20224 yrs 4 moBharat Forge Ltd
Sonia Singh
DIN 07108778
Director27 Jun 20224 yrs 4 moBharat Forge Ltd
Ashish Bharat Ram
DIN 00671567
Director01 Sep 20233 yrs 2 moBharat Forge Ltd
Anand Swarup Pathak
DIN 01529308
Director12 Jul 20242 yrs 3 moBharat Forge Ltd
Rashmi Satish Joshi
DIN 06641898
Director30 Dec 20241 yr 10 moBharat Forge Ltd

IPO & Listings of Kalyani Group

Kalyani Group is a publicly listed company on the NSE with ticker symbol BHARATFORG in India, operating in the Castings, Forgings & Fastners sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date14 Jan 2011
  • Listed onBSE: 533303
  • Listed entityBharat Forge Ltd
  • Exchange sectorCastings, Forgings & Fastners

Financials of Kalyani Group

Exchange-reported figures of Bharat Forge Ltd, the listed company behind Kalyani Group (NSE: BHARATFORG).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹16,812 Cr
+11.2% YoY
EBITDA
₹2,763 Cr
+9.1% YoY
Profit After Tax
₹1,129 Cr
+18.7% YoY
Net Worth
₹9,580 Cr
+3.5% YoY
Total Assets
₹17,783 Cr
+9.2% YoY
Total Debt
₹7,309 Cr
+9.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue16,81215,12315,68212,91010,4616,3368,056
Revenue growth+11.2%-3.6%+21.5%+23.4%+65.1%-21.4%-
EBITDA2,7632,5332,5461,6881,898526993
EBITDA margin+16.4%+16.8%+16.2%+13.1%+18.2%+8.3%+12.3%
Profit before tax1,6671,4561,4398271,380(25.47)462
Net profit1,129951922477929222374
Net profit margin+6.7%+6.3%+5.9%+3.7%+8.9%+3.5%+4.7%
EPS (₹)22.5819.6820.4311.3523.23(2.71)7.51
Balance sheet
Total assets17,78316,28215,60915,03813,10711,2549,965
Net worth9,5809,2537,1706,7066,5715,4155,220
Total debt7,3096,6987,9487,3135,9725,2714,469
Cash & bank9901,2911,6901,040603473575
Net working capital5,5745,1935,4194,8213,8102,4482,738
Cash flow
Cash from operations1,4871,7961,6641,2945061,0201,522
Cash from investing(1,038)(1,964)(665)(1,666)(690)(1,511)(1,114)
Cash from financing(442)(570)(203)280310578(381)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4,8704,6404,5284,3434,0323,9093,8533,476
Revenue growth (YoY)+20.8%+18.7%+17.5%+25.0%+9.3%-4.8%--
Other income47.5257.2552.9742.4853.5149.7262.1038.37
EBITDA737340679690724670674623
EBITDA margin+15.1%+7.3%+15.0%+15.9%+18.0%+17.1%+17.5%+17.9%
Depreciation270263255249241226224218
Interest96.9289.7184.4076.6480.0982.2288.0195.96
Profit before tax41844.45392407457411424347
Tax139134159134158127141134
Net profit279(89.88)233273299284283213
EPS (₹)5.77(1.88)4.865.536.265.935.924.54
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8,3968,8448,9697,5736,2553,6524,564
Revenue growth-5.1%-1.4%+18.4%+21.1%+71.3%-20.0%-
EBITDA1,7572,3372,4621,8671,642718922
EBITDA margin+20.9%+26.4%+27.5%+24.7%+26.3%+19.7%+20.2%
Profit before tax1,2711,8191,8951,3831,396415593
Net profit1,1191,3371,397972963274511
Net profit margin+13.3%+15.1%+15.6%+12.8%+15.4%+7.5%+11.2%
EPS (₹)17.1227.6530.6022.4523.156.7010.17
Balance sheet
Total assets15,39615,36313,39112,55711,2909,8098,695
Net worth10,98810,9648,5697,7007,1105,9495,355
Total debt4,0604,2964,7564,7824,1243,8143,275
Cash & bank3709291,054402383280444
Net working capital4,3165,0394,9494,1973,2902,0912,309
Cash flow
Cash from operations1,5441,7012,0927882758141,377
Cash from investing(560)(2,841)(807)(596)(248)(1,130)(729)
Cash from financing(984)457(641)(172)74.73368(620)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2,5262,3472,2602,0841,9472,1052,1632,096
Revenue growth (YoY)+29.8%+11.5%+4.5%-0.6%-13.3%-10.0%--
Other income30.8734.2528.4827.3246.4642.1948.0831.39
Total expenses1,8941,7862,1361,5661,4041,5331,5671,487
EBITDA632561124518543572596609
EBITDA margin+25.0%+23.9%+5.5%+24.8%+27.9%+27.2%+27.6%+29.1%
Depreciation117115112112111112112110
Interest48.4843.1940.2141.4448.2952.2458.8157.31
Profit before tax4974370.23392430449473473
Tax126116118104120111128127

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4,8704,6404,5284,3434,0323,9093,8533,476
Revenue growth (YoY)+20.8%+18.7%+17.5%+25.0%+9.3%-4.8%--
Other income47.5257.2552.9742.4853.5149.7262.1038.37
EBITDA737340679690724670674623
EBITDA margin+15.1%+7.3%+15.0%+15.9%+18.0%+17.1%+17.5%+17.9%
Depreciation270263255249241226224218
Interest96.9289.7184.4076.6480.0982.2288.0195.96
Profit before tax41844.45392407457411424347
Tax139134159134158127141134
Net profit279(89.88)233273299284283213
EPS (₹)5.77(1.88)4.865.536.265.935.924.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue16,81215,12315,68212,91010,4616,3368,056
Revenue growth+11.2%-3.6%+21.5%+23.4%+65.1%-21.4%-
Other income199214233173373169188
Total expenses14,04912,59013,13611,2228,5635,8117,063
Employee cost2,1031,8701,8621,6071,4651,0711,195
EBITDA2,7632,5332,5461,6881,898526993
EBITDA margin+16.4%+16.8%+16.2%+13.1%+18.2%+8.3%+12.3%
Depreciation971874848736730612548
Interest323417491299160108171
Profit before tax1,6671,4561,4398271,380(25.47)462
Tax578543529319303102112
Net profit1,129951922477929222374
Net profit margin+6.7%+6.3%+5.9%+3.7%+8.9%+3.5%+4.7%
EPS (₹)22.5819.6820.4311.3523.23(2.71)7.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital95.6395.6393.1393.1393.1393.1393.13
Reserves & surplus9,4839,1567,0766,6116,4765,3215,125
Shareholders' funds (net worth)9,5809,2537,1706,7066,5715,4155,220
Minority interest(23.02)(32.75)(4.88)36.0756.0831.7031.99
Secured loans4,9774,3034,8114,1673,4552,7262,331
Unsecured loans2,3312,3953,1373,1462,5162,5442,138
Total debt7,3096,6987,9487,3135,9725,2714,469
Total liabilities17,78316,28215,60915,03813,10711,2549,965
Assets
Gross block15,53812,39911,11510,1688,1597,6766,402
Net block8,2156,6276,3096,1614,8704,7504,002
Capital work in progress1,2981,7329917011,1259001,143
Investments1,7382,0631,8492,5692,6042,6071,618
Inventories4,0533,5783,2163,1262,7101,7941,735
Sundry debtors3,9102,9003,1673,0872,1621,4101,494
Cash & bank balances9901,2911,6901,040603473575
Loans & advances1,0761,110917699547461401
Total current assets10,0298,8798,9907,9526,0234,1374,205
Total current liabilities4,4553,6873,5713,1312,2131,6891,467
Net working capital5,5745,1935,4194,8213,8102,4482,738
Total assets17,78316,28215,60915,03813,10711,2549,965
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6211,315509558447313286
Net cash from operating activities1,4871,7961,6641,2945061,0201,522
Net cash from investing activities(1,038)(1,964)(665)(1,666)(690)(1,511)(1,114)
Net cash from financing activities(442)(570)(203)280310578(381)
Net change in cash6.32(738)796(90.84)12687.2626.41
Closing cash9901,2911,6901,040603473575
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.2%-3.6%+21.5%+23.4%+65.1%-21.4%-
EBITDA growth+9.1%-0.5%+50.8%-11.1%+261.2%-47.1%-
PBT growth+14.5%+1.2%+74.0%-40.1%+9998.0%--71.1%
Net income growth+18.7%+3.2%+93.4%-48.7%+318.0%-40.6%-
Revenue CAGR (3Y)+9.2%+13.1%+35.3%+17.0%+1.0%-8.8%+8.0%
EBITDA CAGR (3Y)+17.8%+10.1%+69.2%+19.4%-2.4%-31.4%-7.4%
Profitability & leverage
Net income margin+6.5%+6.0%+5.8%+3.9%+10.3%-2.0%+4.3%
Return on capital employed+11.7%+11.7%+12.6%+7.3%+11.0%+3.1%+6.5%
Return on net worth+11.6%+11.1%+13.1%+6.9%+15.4%+4.2%+6.6%
Debt / equity0.740.891.101.000.940.920.80
Long-term debt / equity0.210.240.320.320.380.410.34
Interest cover18.0525.1628.9431.3413.73-124.3438.49
Efficiency & per share
Fixed asset turnover1.201.291.471.411.320.901.35
Inventory turnover4.414.454.954.424.643.594.50
Debtors turnover4.944.995.014.925.864.364.42
EPS (₹)22.5819.6820.4311.3523.23(2.71)7.51
Dividend per share (₹)8.508.509.007.007.002.003.50
Book value per share (₹)200.33193.50153.96143.98141.08116.27112.07
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2,5262,3472,2602,0841,9472,1052,1632,096
Revenue growth (YoY)+29.8%+11.5%+4.5%-0.6%-13.3%-10.0%--
Other income30.8734.2528.4827.3246.4642.1948.0831.39
Total expenses1,8941,7862,1361,5661,4041,5331,5671,487
EBITDA632561124518543572596609
EBITDA margin+25.0%+23.9%+5.5%+24.8%+27.9%+27.2%+27.6%+29.1%
Depreciation117115112112111112112110
Interest48.4843.1940.2141.4448.2952.2458.8157.31
Profit before tax4974370.23392430449473473
Tax126116118104120111128127
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8,3968,8448,9697,5736,2553,6524,564
Revenue growth-5.1%-1.4%+18.4%+21.1%+71.3%-20.0%-
Other income144172162155273140161
Total expenses6,6396,5076,5065,7064,6132,9333,642
Employee cost676637604587506448482
EBITDA1,7572,3372,4621,8671,642718922
EBITDA margin+20.9%+26.4%+27.5%+24.7%+26.3%+19.7%+20.2%
Depreciation448440442426412366345
Interest18225028721310777.92145
Profit before tax1,2711,8191,8951,3831,396415593
Tax452497470337318103119
Net profit1,1191,3371,397972963274511
Net profit margin+13.3%+15.1%+15.6%+12.8%+15.4%+7.5%+11.2%
EPS (₹)17.1227.6530.6022.4523.156.7010.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital95.6395.6393.1393.1393.1393.1393.13
Reserves & surplus10,89110,8678,4747,6067,0155,8545,261
Shareholders' funds (net worth)10,98810,9648,5697,7007,1105,9495,355
Secured loans1,7802,0161,8741,9091,7071,3281,242
Unsecured loans2,2802,2802,8822,8732,4172,4862,034
Total debt4,0604,2964,7564,7824,1243,8143,275
Total liabilities15,39615,36313,39112,55711,2909,8098,695
Assets
Gross block6,8566,4766,0945,7415,3985,2504,391
Net block3,1163,1293,1573,2383,3013,4592,808
Capital work in progress728838376303248270895
Investments6,8186,0454,4654,2793,9003,5692,353
Inventories1,5701,5401,3291,2641,111875758
Sundry debtors4,1303,8203,6183,2432,4811,5801,655
Cash & bank balances3709291,054402383280444
Loans & advances378541592724577426344
Total current assets6,4486,8306,5945,6334,5523,1623,200
Total current liabilities2,1321,7911,6451,4371,2621,071891
Net working capital4,3165,0394,9494,1973,2902,0912,309
Total assets15,39615,36313,39112,55711,2909,8098,695
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3591,041398378276224196
Net cash from operating activities1,5441,7012,0927882758141,377
Net cash from investing activities(560)(2,841)(807)(596)(248)(1,130)(729)
Net cash from financing activities(984)457(641)(172)74.73368(620)
Net change in cash0.14(682)64419.9510252.2827.58
Closing cash3709291,054402383280444
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-5.1%-1.4%+18.4%+21.1%+71.3%-20.0%-
EBITDA growth-24.8%-5.1%+31.9%+13.7%+128.5%-22.0%-
PBT growth-30.1%-4.0%+37.1%-0.9%+236.4%-30.0%-63.5%
Net income growth-16.3%-4.3%+43.7%+1.0%+252.1%-46.5%-
Revenue CAGR (3Y)+3.5%+12.2%+34.9%+18.4%-1.4%-11.8%+5.7%
EBITDA CAGR (3Y)-2.0%+12.5%+50.8%+26.5%-4.9%-20.0%-4.5%
Profitability & leverage
Net income margin+9.8%+15.0%+15.9%+13.8%+17.2%+8.6%+10.4%
Return on capital employed+12.6%+14.4%+16.8%+13.4%+12.8%+4.8%+8.5%
Return on net worth+10.2%+13.5%+17.5%+14.1%+14.8%+4.8%+8.8%
Debt / equity0.380.460.590.600.610.630.60
Long-term debt / equity0.100.130.190.210.260.310.28
Interest cover13.9213.1714.2314.768.7222.1125.15
Efficiency & per share
Fixed asset turnover1.261.411.521.361.170.761.10
Inventory turnover5.406.166.926.386.304.476.01
Debtors turnover2.112.382.612.653.082.262.33
EPS (₹)17.1227.6530.6022.4523.156.7010.17
Dividend per share (₹)8.508.509.007.007.002.003.50
Book value per share (₹)229.79229.29184.00165.34152.66127.73114.98

Web traffic of Kalyani Group

Websites that share an audience with Kalyani Group (kalyanigroup.com).

Similar websites

Websites whose visitors overlap most with Kalyani Group. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
en.wikipedia.org
en.wikipedia.org
100%
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Kalyani Steels
kalyanisteels.com
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Bharat Forge
bharatforge.com
96%
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Related news about Kalyani Group

Bharat Forge: Citi on Bharat Forge maintains Sell, Target Price Rs 1270; Q2 results were above estimates, with encouraging growth in domestic and export auto segments. Management retained its FY27 India manufacturing revenue growth guidance of 20–25% and received Bulk Production Clearance for the ATAGS order, with revenue recognition expected from Q1FY28. However, overseas subsidiaries continue to report expanding losses, while valuations leave limited room for error.
Exchange Update • 2 days ago
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Exchange Update • 2 days ago
Bharat Forge: Co's K-Drive Targets Double-Digit EBITDA Margins In Two Years And 20-25% Yearly Revenue Growth By Expanding Into Passenger Vehicles And Hybrid/Electric Options. Defense Sector Margins Expected To Increase From 20-21% To 20-25% With Advanced Products. Revenue From ATAGS Starts In Q1 FY28 After Delivery Of 184 Guns Over Four Years.
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Exchange Update • 2 days ago
BHARATFORG: Q2 SL NET PROFIT 3.7B RUPEES VS 3.1B (YOY); EST 3.4B
Exchange Update • 3 days ago
BHARATFORG: Q2 REVENUE 25.2B RUPEES VS 19.5B (YOY)
Exchange Update • 3 days ago
BHARATFORG: Q2 EBITDA 7.68B RUPEES VS 7.26B (YOY); Q2 EBITDA MARGIN 15.76% VS 18.00% (YOY)
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BHARAT FORGE: Q2 REVENUE GROWTH OF 20.8% VS FY27 GUIDANCE FOR 20-25%
Exchange Update • 3 days ago
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Frequently Asked Questions about Kalyani Group

Kalyani Group was founded in 1960.

Kalyani Group is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

Kalyani Group has 191 employees.

The primary company behind Kalyani Group, Bharat Forge Ltd, reported revenue of ₹17,010 Cr for FY 2026, up 11% year on year.

The Kalyani Group was founded in 1960 and is headquartered in Pune, India. Operations are conducted in engineering and manufacturing across multiple sectors, including automotive components, industrial machinery, and renewable energy solutions. Services encompass design, production, and supply chain management for diverse applications. The company maintains a presence in both domestic and international markets, with emphasis on technological integration and sustainability practices.

Yes, Kalyani Group is publicly traded on NSE under the ticker symbol BHARATFORG.

Kalyani Group operates through Bharat Forge Ltd.

The legal entities of Kalyani Group currently have 12 directors, including Subodh Eknath Tandale, Basavraj Prabhakar Kalyani, Babasaheb Neelkanth Kalyani and others.

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