
About Kalyani Steels Ltd
Data last updated:
Kalyani Steels Ltd is a public limited company based in Pune, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 28 February 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L27104MH1973PLC016350. Its GSTIN is 27AAACK7315D1ZU (Maharashtra). The company holds 5 GST registrations, of which 3 are active. Its shares are listed on BSE: 500235 and NSE: KSL.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹21.83 Cr. It is led by directors including Ravindra Kumar Goyal (Managing Director) and Sunita Babasaheb Kalyani.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mundhwa Pune – 411036, Maharashtra, India – 411036.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,845.61 Cr, a decline of 6.9% compared to the previous year. For the same year it recorded a net profit of ₹263.46 Cr (net margin 14.3%) and EBITDA of ₹353.36 Cr (EBITDA margin 19.1%). The net worth stands at ₹2,104.91 Cr (up 11.3% YoY). Total assets are valued at ₹2,646.39 Cr (up 12.3% YoY).
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kalyani Steels. As per MCA filings, the company has open charges of ₹582 Cr and satisfied charges of ₹2,265.59 Cr on record. Court records list 188 cases involving the company, including 98 filed by the company and 91 filed against it; 28 cases are pending. The company has 18 deals on record (18 market trades); the latest was in June 2025. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 3 smaller; the largest is B.S. Sponge Private Limited with revenue of ₹2,192.52 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2022, listing 71 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kalyanisteels.com.
Company details
Contact details
Kalyani Steels Ltd's registered office is in Pune, Maharashtra. Its website is kalyanisteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMundhwa Pune – 411036, Maharashtra, India – 411036
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Kalyani Steels Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Kalyani Steels operates one associated brand: Kalyani Steels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Forging and engineering products are manufactured by Kalyani Steels. | kalyanisteels.com |
Business activity
The main business activity of Kalyani Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Kalyani Steels Ltd, buy the company report.
Financials of Kalyani Steels Ltd
FY 2025-26 filings availableKalyani Steels Ltd reported revenue of ₹1,845.61 Cr (down 6.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,846 | 1,982 | 1,959 | 1,706 | 1,188 | 1,199 | 1,407 |
| Revenue growth | -6.9% | +1.1% | - | +43.6% | -0.9% | -14.8% | - |
| EBITDA | 353 | 373 | 371 | 338 | 263 | 194 | 212 |
| EBITDA margin | +19.2% | +18.8% | +18.9% | +19.8% | +22.2% | +16.2% | +15.1% |
| Profit before tax | 348 | 346 | 333 | 331 | 255 | 165 | 192 |
| Net profit | 263 | 256 | 247 | 244 | 188 | 135 | 124 |
| Net profit margin | +14.3% | +12.9% | +12.6% | +14.3% | +15.8% | +11.3% | +8.8% |
| EPS (₹) | 58.97 | 58.60 | 56.89 | 55.83 | 43.51 | 31.24 | 30.12 |
| Balance sheet | |||||||
| Total assets | 2,646 | 2,357 | 2,300 | 1,718 | 1,334 | 979 | 914 |
| Net worth | 2,105 | 1,891 | 1,680 | 1,367 | 1,158 | 968 | 898 |
| Total debt | 475 | 438 | 596 | 340 | 168 | 0.00 | 17.88 |
| Cash & bank | 825 | 748 | 550 | 974 | 626 | 361 | 38.52 |
| Net working capital | 1,384 | 1,189 | 1,082 | 1,040 | 739 | 398 | 155 |
| Cash flow | |||||||
| Cash from operations | 141 | 382 | 323 | 362 | 62.19 | 257 | 286 |
| Cash from investing | (105) | (135) | (304) | (474) | (226) | (183) | (116) |
| Cash from financing | (42.09) | (252) | (9.68) | 123 | 160 | (79.72) | (181) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 465 | 484 | 462 | 456 | 443 | 544 | 484 | 492 |
| Revenue growth (YoY) | +4.9% | -11.0% | -4.5% | -7.3% | -4.1% | - | - | - |
| Other income | 15.80 | 14.86 | 14.88 | 15.16 | 15.23 | 13.70 | 13.41 | 14.91 |
| EBITDA | 91.36 | 97.80 | 84.81 | 85.41 | 85.34 | 114 | 83.36 | 96.13 |
| EBITDA margin | +19.7% | +20.2% | +18.3% | +18.7% | +19.3% | +21.0% | +17.2% | +19.5% |
| Depreciation | 13.53 | 13.66 | 13.72 | 14.82 | 14.84 | 15.76 | 15.74 | 15.90 |
| Interest | 1.80 | 1.48 | 2.48 | 2.03 | 2.65 | 4.16 | 5.52 | 4.81 |
| Profit before tax | 91.83 | 97.52 | 83.49 | 83.72 | 83.08 | 108 | 75.51 | 90.33 |
| Tax | 23.59 | 25.84 | 21.53 | 21.19 | 21.39 | 27.88 | 19.05 | 22.94 |
| Net profit | 68.24 | 71.68 | 61.96 | 62.53 | 61.69 | 80.20 | 56.46 | 67.39 |
| EPS (₹) | 15.63 | 16.42 | 14.19 | 14.33 | 14.13 | 18.37 | 12.93 | 15.44 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,846 | 1,982 | 1,959 | 1,899 | 1,706 | 1,188 | 1,199 |
| Revenue growth | -6.9% | +1.1% | +3.2% | +11.3% | +43.6% | -0.9% | - |
| EBITDA | 353 | 373 | 371 | 246 | 339 | 263 | 195 |
| EBITDA margin | +19.2% | +18.8% | +18.9% | +12.9% | +19.9% | +22.2% | +16.3% |
| Profit before tax | 344 | 343 | 333 | 225 | 326 | 255 | 168 |
| Net profit | 261 | 253 | 247 | 167 | 243 | 188 | 137 |
| Net profit margin | +14.1% | +12.8% | +12.6% | +8.8% | +14.2% | +15.8% | +11.4% |
| EPS (₹) | 58.35 | 57.87 | 56.59 | 38.20 | 55.55 | 43.52 | 31.36 |
| Balance sheet | |||||||
| Total assets | 2,641 | 2,369 | 2,311 | 2,005 | 1,817 | 1,334 | 979 |
| Net worth | 2,100 | 1,904 | 1,691 | 1,489 | 1,367 | 1,154 | 964 |
| Total debt | 475 | 438 | 596 | 506 | 438 | 168 | 0.00 |
| Cash & bank | 774 | 704 | 541 | 749 | 974 | 626 | 361 |
| Net working capital | 1,247 | 1,059 | 988 | 1,241 | 1,138 | 739 | 398 |
| Cash flow | |||||||
| Cash from operations | 142 | 383 | 317 | (126) | 263 | 62.38 | 257 |
| Cash from investing | (106) | (136) | (320) | 153 | (470) | (226) | (183) |
| Cash from financing | (42.09) | (252) | 11.65 | (39.05) | 218 | 160 | (79.72) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 465 | 484 | 462 | 456 | 443 | 544 | 484 | 492 |
| Revenue growth (YoY) | +4.9% | -11.0% | -4.5% | -7.3% | -4.1% | - | - | - |
| Other income | 14.94 | 13.98 | 13.99 | 14.20 | 14.27 | 12.75 | 12.44 | 14.08 |
| Total expenses | 373 | 387 | 378 | 371 | 357 | 430 | 401 | 396 |
| EBITDA | 91.36 | 97.80 | 84.83 | 85.41 | 85.34 | 114 | 83.36 | 96.13 |
| EBITDA margin | +19.7% | +20.2% | +18.3% | +18.7% | +19.3% | +21.0% | +17.2% | +19.5% |
| Depreciation | 13.53 | 13.66 | 13.72 | 14.82 | 14.84 | 15.76 | 15.74 | 15.90 |
| Interest | 1.80 | 1.48 | 2.48 | 2.03 | 2.65 | 4.16 | 5.52 | 4.81 |
| Profit before tax | 90.97 | 96.64 | 82.62 | 82.76 | 82.12 | 107 | 74.54 | 89.50 |
| Tax | 23.37 | 25.62 | 21.30 | 20.94 | 21.15 | 27.86 | 19.13 | 22.71 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 465 | 484 | 462 | 456 | 443 | 544 | 484 | 492 |
| Revenue growth (YoY) | +4.9% | -11.0% | -4.5% | -7.3% | -4.1% | - | - | - |
| Other income | 15.80 | 14.86 | 14.88 | 15.16 | 15.23 | 13.70 | 13.41 | 14.91 |
| EBITDA | 91.36 | 97.80 | 84.81 | 85.41 | 85.34 | 114 | 83.36 | 96.13 |
| EBITDA margin | +19.7% | +20.2% | +18.3% | +18.7% | +19.3% | +21.0% | +17.2% | +19.5% |
| Depreciation | 13.53 | 13.66 | 13.72 | 14.82 | 14.84 | 15.76 | 15.74 | 15.90 |
| Interest | 1.80 | 1.48 | 2.48 | 2.03 | 2.65 | 4.16 | 5.52 | 4.81 |
| Profit before tax | 91.83 | 97.52 | 83.49 | 83.72 | 83.08 | 108 | 75.51 | 90.33 |
| Tax | 23.59 | 25.84 | 21.53 | 21.19 | 21.39 | 27.88 | 19.05 | 22.94 |
| Net profit | 68.24 | 71.68 | 61.96 | 62.53 | 61.69 | 80.20 | 56.46 | 67.39 |
| EPS (₹) | 15.63 | 16.42 | 14.19 | 14.33 | 14.13 | 18.37 | 12.93 | 15.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,846 | 1,982 | 1,959 | 1,706 | 1,188 | 1,199 | 1,407 |
| Revenue growth | -6.9% | +1.1% | - | +43.6% | -0.9% | -14.8% | - |
| Other income | 60.12 | 55.27 | 48.66 | 51.54 | 42.80 | 23.27 | 25.17 |
| Total expenses | 1,492 | 1,609 | 1,588 | 1,368 | 925 | 1,005 | 1,194 |
| Employee cost | 86.76 | 83.30 | 78.36 | 59.56 | 57.34 | 57.73 | 56.06 |
| EBITDA | 353 | 373 | 371 | 338 | 263 | 194 | 212 |
| EBITDA margin | +19.2% | +18.8% | +18.9% | +19.8% | +22.2% | +16.2% | +15.1% |
| Depreciation | 57.04 | 63.39 | 60.75 | 45.88 | 44.15 | 42.70 | 38.42 |
| Interest | 8.64 | 18.57 | 25.81 | 13.49 | 7.09 | 9.61 | 7.30 |
| Profit before tax | 348 | 346 | 333 | 331 | 255 | 165 | 192 |
| Tax | 89.94 | 90.06 | 84.32 | 82.92 | 64.73 | 30.79 | 60.45 |
| Net profit | 263 | 256 | 247 | 244 | 188 | 135 | 124 |
| Net profit margin | +14.3% | +12.9% | +12.6% | +14.3% | +15.8% | +11.3% | +8.8% |
| EPS (₹) | 58.97 | 58.60 | 56.89 | 55.83 | 43.51 | 31.24 | 30.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 21.86 | 21.86 | 21.86 | 21.86 | 26.76 | 26.44 | 29.30 |
| Reserves & surplus | 2,083 | 1,870 | 1,658 | 1,346 | 1,131 | 941 | 868 |
| Shareholders' funds (net worth) | 2,105 | 1,891 | 1,680 | 1,367 | 1,158 | 968 | 898 |
| Minority interest | 0.00 | 0.11 | 0.11 | 0.00 | (3.91) | (3.61) | (5.51) |
| Secured loans | 104 | 98.48 | 419 | 190 | 18.38 | 0.00 | 17.88 |
| Unsecured loans | 372 | 339 | 177 | 150 | 150 | 0.00 | 0.00 |
| Total debt | 475 | 438 | 596 | 340 | 168 | 0.00 | 17.88 |
| Total liabilities | 2,646 | 2,357 | 2,300 | 1,718 | 1,334 | 979 | 914 |
| Assets | |||||||
| Gross block | 1,399 | 1,395 | 1,441 | 957 | 935 | 927 | 906 |
| Net block | 627 | 678 | 734 | 358 | 382 | 418 | 423 |
| Capital work in progress | 560 | 429 | 381 | 154 | 10.67 | 5.22 | 7.42 |
| Investments | 11.12 | 3.07 | 40.58 | 147 | 144 | 177 | 359 |
| Inventories | 285 | 299 | 287 | 218 | 119 | 126 | 154 |
| Sundry debtors | 496 | 431 | 421 | 318 | 249 | 236 | 309 |
| Cash & bank balances | 825 | 748 | 550 | 974 | 626 | 361 | 38.52 |
| Loans & advances | 102 | 62.48 | 76.64 | 47.98 | 34.28 | 30.95 | 23.75 |
| Total current assets | 1,709 | 1,541 | 1,334 | 1,558 | 1,028 | 753 | 526 |
| Total current liabilities | 325 | 352 | 253 | 518 | 289 | 355 | 371 |
| Net working capital | 1,384 | 1,189 | 1,082 | 1,040 | 739 | 398 | 155 |
| Total assets | 2,646 | 2,357 | 2,300 | 1,718 | 1,334 | 979 | 914 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 14.31 | 19.37 | 10.53 | 11.34 | 14.70 | 20.95 | 33.04 |
| Net cash from operating activities | 141 | 382 | 323 | 362 | 62.19 | 257 | 286 |
| Net cash from investing activities | (105) | (135) | (304) | (474) | (226) | (183) | (116) |
| Net cash from financing activities | (42.09) | (252) | (9.68) | 123 | 160 | (79.72) | (181) |
| Net change in cash | (6.37) | (5.06) | 8.84 | 10.81 | (3.37) | (6.25) | (12.09) |
| Closing cash | 825 | 748 | 550 | 974 | 626 | 361 | 38.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -6.9% | +1.1% | - | +43.6% | -0.9% | -14.8% | - |
| EBITDA growth | -5.3% | +0.5% | - | +28.6% | +35.7% | -8.7% | - |
| PBT growth | +0.4% | +4.0% | +0.7% | +29.8% | +54.5% | -14.1% | +9.6% |
| Net income growth | +2.8% | +3.7% | - | +29.7% | +39.4% | +9.1% | - |
| Revenue CAGR (3Y) | +2.7% | +18.6% | +17.8% | +6.7% | -4.1% | -1.6% | +6.0% |
| EBITDA CAGR (3Y) | +1.4% | +12.3% | +24.2% | +16.8% | +8.8% | -12.3% | +6.3% |
| Profitability & leverage | |||||||
| Net income margin | +14.0% | +12.9% | +12.7% | +14.5% | +16.0% | +11.2% | +9.3% |
| Return on capital employed | +14.3% | +15.7% | +15.6% | +22.5% | +22.6% | +18.4% | +21.2% |
| Return on net worth | +12.9% | +14.4% | +14.8% | +19.7% | +18.0% | +14.5% | +15.7% |
| Debt / equity | 0.23 | 0.29 | 0.35 | 0.20 | 0.08 | 0.01 | 0.12 |
| Long-term debt / equity | 0.00 | 0.02 | 0.05 | 0.08 | 0.01 | 0.00 | 0.01 |
| Interest cover | 2.92 | 6.00 | 8.32 | 4.61 | 3.24 | 6.36 | 4.20 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.32 | 1.40 | 1.36 | 1.80 | 1.28 | 1.31 | 1.56 |
| Inventory turnover | 6.31 | 6.76 | 6.83 | 10.14 | 9.70 | 8.55 | 10.57 |
| Debtors turnover | 3.98 | 4.65 | 4.66 | 6.02 | 4.90 | 4.40 | 4.11 |
| EPS (₹) | 58.97 | 58.60 | 56.89 | 55.83 | 43.51 | 31.24 | 30.12 |
| Dividend per share (₹) | 10.00 | 10.00 | 10.00 | 10.00 | 7.50 | 5.00 | 5.00 |
| Book value per share (₹) | 481.37 | 432.55 | 384.16 | 312.72 | 263.75 | 220.24 | 203.58 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 465 | 484 | 462 | 456 | 443 | 544 | 484 | 492 |
| Revenue growth (YoY) | +4.9% | -11.0% | -4.5% | -7.3% | -4.1% | - | - | - |
| Other income | 14.94 | 13.98 | 13.99 | 14.20 | 14.27 | 12.75 | 12.44 | 14.08 |
| Total expenses | 373 | 387 | 378 | 371 | 357 | 430 | 401 | 396 |
| EBITDA | 91.36 | 97.80 | 84.83 | 85.41 | 85.34 | 114 | 83.36 | 96.13 |
| EBITDA margin | +19.7% | +20.2% | +18.3% | +18.7% | +19.3% | +21.0% | +17.2% | +19.5% |
| Depreciation | 13.53 | 13.66 | 13.72 | 14.82 | 14.84 | 15.76 | 15.74 | 15.90 |
| Interest | 1.80 | 1.48 | 2.48 | 2.03 | 2.65 | 4.16 | 5.52 | 4.81 |
| Profit before tax | 90.97 | 96.64 | 82.62 | 82.76 | 82.12 | 107 | 74.54 | 89.50 |
| Tax | 23.37 | 25.62 | 21.30 | 20.94 | 21.15 | 27.86 | 19.13 | 22.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,846 | 1,982 | 1,959 | 1,899 | 1,706 | 1,188 | 1,199 |
| Revenue growth | -6.9% | +1.1% | +3.2% | +11.3% | +43.6% | -0.9% | - |
| Other income | 56.44 | 51.67 | 46.81 | 56.40 | 46.36 | 42.54 | 23.26 |
| Total expenses | 1,492 | 1,609 | 1,588 | 1,654 | 1,367 | 925 | 1,004 |
| Employee cost | 86.76 | 83.30 | 78.36 | 64.98 | 59.56 | 57.34 | 57.73 |
| EBITDA | 353 | 373 | 371 | 246 | 339 | 263 | 195 |
| EBITDA margin | +19.2% | +18.8% | +18.9% | +12.9% | +19.9% | +22.2% | +16.3% |
| Depreciation | 57.04 | 63.39 | 60.75 | 48.90 | 45.88 | 44.15 | 42.62 |
| Interest | 8.64 | 18.57 | 24.55 | 28.10 | 13.21 | 6.77 | 8.05 |
| Profit before tax | 344 | 343 | 333 | 225 | 326 | 255 | 168 |
| Tax | 89.02 | 89.68 | 85.22 | 58.04 | 82.92 | 64.73 | 30.79 |
| Net profit | 261 | 253 | 247 | 167 | 243 | 188 | 137 |
| Net profit margin | +14.1% | +12.8% | +12.6% | +8.8% | +14.2% | +15.8% | +11.4% |
| EPS (₹) | 58.35 | 57.87 | 56.59 | 38.20 | 55.55 | 43.52 | 31.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 21.86 | 21.86 | 21.86 | 21.86 | 21.86 | 21.86 | 21.86 |
| Reserves & surplus | 2,078 | 1,883 | 1,670 | 1,468 | 1,346 | 1,132 | 942 |
| Shareholders' funds (net worth) | 2,100 | 1,904 | 1,691 | 1,489 | 1,367 | 1,154 | 964 |
| Secured loans | 104 | 98.48 | 419 | 410 | 190 | 18.38 | 0.00 |
| Unsecured loans | 372 | 339 | 177 | 96.83 | 249 | 150 | 0.00 |
| Total debt | 475 | 438 | 596 | 506 | 438 | 168 | 0.00 |
| Total liabilities | 2,641 | 2,369 | 2,311 | 2,005 | 1,817 | 1,334 | 979 |
| Assets | |||||||
| Gross block | 1,399 | 1,395 | 1,441 | 1,246 | 957 | 935 | 927 |
| Net block | 627 | 678 | 734 | 599 | 358 | 382 | 418 |
| Capital work in progress | 560 | 429 | 381 | 17.87 | 154 | 10.67 | 5.22 |
| Investments | 143 | 150 | 145 | 146 | 147 | 144 | 177 |
| Inventories | 201 | 215 | 202 | 324 | 218 | 119 | 126 |
| Sundry debtors | 496 | 431 | 421 | 405 | 416 | 249 | 236 |
| Cash & bank balances | 774 | 704 | 541 | 749 | 974 | 626 | 361 |
| Loans & advances | 100 | 60.77 | 76.42 | 92.17 | 47.98 | 34.28 | 30.95 |
| Total current assets | 1,571 | 1,411 | 1,241 | 1,570 | 1,656 | 1,028 | 753 |
| Total current liabilities | 325 | 352 | 253 | 330 | 518 | 289 | 355 |
| Net working capital | 1,247 | 1,059 | 988 | 1,241 | 1,138 | 739 | 398 |
| Total assets | 2,641 | 2,369 | 2,311 | 2,005 | 1,817 | 1,334 | 979 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 14.30 | 19.31 | 10.51 | 22.15 | 11.34 | 14.70 | 20.86 |
| Net cash from operating activities | 142 | 383 | 317 | (126) | 263 | 62.38 | 257 |
| Net cash from investing activities | (106) | (136) | (320) | 153 | (470) | (226) | (183) |
| Net cash from financing activities | (42.09) | (252) | 11.65 | (39.05) | 218 | 160 | (79.72) |
| Net change in cash | (6.43) | (5.01) | 8.80 | (11.64) | 10.81 | (3.36) | (6.16) |
| Closing cash | 774 | 704 | 541 | 749 | 974 | 626 | 361 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -6.9% | +1.1% | +3.2% | +11.3% | +43.6% | -0.9% | - |
| EBITDA growth | -5.3% | +0.5% | +51.1% | -27.5% | +28.5% | +34.9% | - |
| PBT growth | +0.4% | +3.0% | +47.8% | -30.9% | +27.8% | +51.9% | -12.8% |
| Net income growth | +3.1% | +2.6% | +48.1% | -31.4% | +29.1% | +37.1% | - |
| Revenue CAGR (3Y) | -1.0% | +5.1% | +18.2% | +16.6% | +6.7% | -4.1% | -1.6% |
| EBITDA CAGR (3Y) | +12.9% | +3.3% | +12.1% | +7.9% | +16.8% | +9.0% | -12.1% |
| Profitability & leverage | |||||||
| Net income margin | +13.8% | +12.8% | +12.6% | +8.8% | +14.2% | +16.0% | +11.4% |
| Return on capital employed | +14.1% | +15.4% | +16.6% | +13.3% | +21.5% | +22.6% | +18.6% |
| Return on net worth | +12.7% | +14.1% | +15.6% | +11.7% | +19.3% | +18.0% | +14.8% |
| Debt / equity | 0.23 | 0.29 | 0.35 | 0.33 | 0.24 | 0.08 | 0.01 |
| Long-term debt / equity | 0.00 | 0.02 | 0.08 | 0.12 | 0.08 | 0.01 | 0.00 |
| Interest cover | 2.92 | 6.00 | 7.91 | 14.28 | 4.51 | 3.09 | 5.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.32 | 1.40 | 1.46 | 1.72 | 1.80 | 1.28 | 1.31 |
| Inventory turnover | 8.88 | 9.50 | 7.45 | 7.02 | 10.14 | 9.70 | 8.55 |
| Debtors turnover | 3.98 | 4.65 | 4.75 | 4.63 | 5.13 | 4.90 | 4.40 |
| EPS (₹) | 58.35 | 57.87 | 56.59 | 38.20 | 55.55 | 43.52 | 31.36 |
| Dividend per share (₹) | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 7.50 | 5.00 |
| Book value per share (₹) | 480.15 | 435.52 | 386.81 | 340.62 | 312.72 | 263.95 | 220.44 |
To see the full year-wise statements and ratios of Kalyani Steels Ltd, buy the company report.
Board of directors of Kalyani Steels Ltd
Kalyani Steels has 10 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunita Babasaheb Kalyani | Director | 30 Mar 2015 | 11 Years 6 Months | Current |
| Ravindra Kumar Goyal | Managing Director | 12 Aug 2011 | 15 Years 2 Months | Current |
| Babasaheb Neelkanth Kalyani Also directs: Zephyr Engineering and Technology Consultants LLP, Bharat Forge Ltd, Automotive Axles Limited and 3 more | Director | 15 Feb 1984 | 42 Years 8 Months | Current |
| Amit Babasaheb Kalyani Also directs: BF Investment Limited, Kalyani Investment Company Limited, Zephyr Engineering and Technology Consultants LLP and 5 more | Director | 22 May 2004 | 22 Years 5 Months | Current |
| Shruti Anup Shah | Director | 29 Jan 2020 | 6 Years 8 Months | Current |
| Madan Umakant Takale | Director | 27 Jun 2006 | 20 Years 3 Months | Current |
Peer comparison
Kalyani Steels Ltd is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| B.S. Sponge Private Limited | ₹2,192.52 Cr (FY 2025) | 47.0% | Kolkata, West Bengal, India | |||
| Nandan Steels and Power Limited | ₹2,162.85 Cr (FY 2024) | 58.0% | Raipur, Chhattisgarh, India | |||
| Singhal Steel & Power Private Limited | ₹2,145.89 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Captain Steel India Limited | ₹2,143.29 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| SPS Steels Rolling Mills Limited | ₹2,118.37 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Narbheram Power and Steel Private Limited | ₹2,027.64 Cr (FY 2024) | -5.0% | Kolkata, West Bengal, India | |||
| Synergy Advanced Metals Limited | ₹1,998.26 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Chandan Steel Limited | ₹1,997.46 Cr (FY 2024) | -3.0% | Mumbai, Maharashtra, India | |||
| Kalyani Steels Ltdthis company | ₹1,845.61 Cr (FY 2026) | ₹263.46 Cr | 14.3% | -6.9% | 99 | Pune, Maharashtra, India |
To see the full peer comparison of Kalyani Steels Ltd, buy the company report.
Auditor
Kalyani Steels Ltd is audited by Kirtane & Pandit LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kirtane & Pandit LLP | FY 2023 | 105215W/ W100057 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 64.70%, foreign institutional investors hold 1.80%, domestic institutional investors hold 11.40% and retail and other public shareholders hold 22.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 64.70% | 64.70% | 64.70% | 64.70% |
| Public | 35.30% | 35.30% | 35.30% | 35.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2025 | 101056730 | Others | ₹132 Cr | Open | |
| 04 Aug 2018 | 100199150 | Others | ₹450 Cr | Open | |
| 26 Sep 2024 | 100986934 | Others | ₹24.69 Cr | Satisfied | |
| 14 Mar 2024 | 100895575 | Others | ₹252 Cr | Satisfied | |
| 12 Jun 2023 | 100734784 | Others | ₹23.4 Cr | Satisfied |
To see the full charge records of Kalyani Steels Ltd, buy the company report.
Total charge records: 49 View all charges
Deals & funding
Kalyani Steels Ltd has 18 deals on record (18 market trades); the latest was in June 2025.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Market trade | ₹20.08 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2023 | Market trade | ₹11.26 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2018 | Market trade | ₹6.89 Cr | Buyer: Sundaram Trading and Investement Private Limited Seller: Gloxinia Investment and Finance Private Limited |
| May 2010 | Market trade | ₹4.06 Cr | Buyer: Opg Securities Private Limited Seller: Opg Securities Private Limited |
| May 2010 | Market trade | ₹9.25 Cr | Buyer: Marwadi Shares and Finance Limited , JMP Securities Private Limited Seller: JMP Securities Private Limited , Marwadi Shares and Finance Limited |
To see the full deal history of Kalyani Steels Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kalyani Steels Ltd has 188 court cases on record: 98 filed by Kalyani Steels, 91 filed against it. 28 cases are pending and 160 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 108 | 65 | 6 |
| District courts | 70 | 18 | 20 |
| Supreme Court | 9 | 7 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 188)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against M/S. Kamineni Steel and Power India Pvt. Ltd and 5 others | Pending |
| High Court of Karnataka | Court case (MFA) | Filed by the company against Mysore Minerals Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against M/S Varad Forge Pvt. Ltd. and 2 others | Pending |
| Supreme Court | Court case (2410-Indirect Taxation : Others) | Filed against the company by M/S. Mysore Minerals Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against M/S. Nashik Forge Private Limited and 2 others | Pending |
To see the full case history of Kalyani Steels Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Kalyani Steels Ltd was last rated by Care on 17 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Jan 2022 |
To see the full credit ratings and regulatory alerts of Kalyani Steels Ltd, buy the company report.
MSME payment delays
Kalyani Steels Ltd has 6 MSME Form 1 returns on record between 2019 and 2022, listing 71 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Quality Engineering | |||
| Kalashri Engineering Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Kalyani Steels Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kalyani Steels has 1 joint venture and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Kalyani Steels Ltd has a workforce of 99 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Kalyani Steels has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK7315D1ZU | Maharashtra | Active | 01 Jul 2017 |
| 06AAACK7315D1ZY | Haryana | Active | 01 Jul 2017 |
| 29AAACK7315D1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kalyani Steels Ltd, buy the company report.
Recent activity
Kalyani Steels Ltd has 28 board changes on record since 1984: 21 appointments and 7 cessations. The latest: Shishir Joshipura was appointed as Director on 08 May 2026.
129 earlier events are in the company report.
News
Frequently asked questions
Kalyani Steels is an active public limited company based in Pune, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 28 February 1973 (53+ years old) and is registered under CIN L27104MH1973PLC016350. Listed on BSE: 500235 and NSE: KSL.
Kalyani Steels reported revenue of ₹1,845.61 Cr for FY 2025-26 (down 6.9% YoY) based on consolidated financials.
Kalyani Steels has 10 current directors:
- Ravindra Kumar Goyal - Managing Director
- Sunita Babasaheb Kalyani - Director
- Babasaheb Neelkanth Kalyani - Director
- Amit Babasaheb Kalyani - Director
- Shruti Anup Shah - Director
- Madan Umakant Takale - Director
- Kartik Bharat Ram - Director
- Sanjeev Joglekar - Director
- Raju Shyam Tolani - Director
- Shishir Joshipura - Director
The latest financial statements of Kalyani Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kalyani Steels is 27AAACK7315D1ZU, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 06AAACK7315D1ZY (Haryana), 29AAACK7315D1ZQ (Karnataka).
The CIN (Corporate Identification Number) of Kalyani Steels is L27104MH1973PLC016350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Kalyani Steels is listed on both BSE (code: 500235) and NSE (symbol: KSL).
Kalyani Steels has 188 court cases on record: 98 filed by the company and 91 filed against it. 28 are pending. Most are in the high courts.
Kalyani Steels was incorporated on 28 February 1973, making it 53+ years old. It is registered with the Registrar of Companies, Pune.
Kalyani Steels has 18 deals on record (18 market trades); the latest was in June 2025.
The peers of Kalyani Steels by revenue are B.S. Sponge Private Limited, Nandan Steels and Power Limited, Singhal Steel & Power Private Limited, Captain Steel India Limited, SPS Steels Rolling Mills Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Shishir Joshipura was appointed as Director on 08 May 2026. Sachin Krishna Mandlik ceased to be Director on 09 Nov 2025. Kartik Bharat Ram was appointed as Director on 28 Oct 2024. Kalyani Steels has 28 board changes on record in total.