Announcement
Announcement Under Regulation 30 Of SEBI LODR Regulations, 2015 2 Sep - Kalyani Forge clarifies recent share price rise is market-driven, with no undisclosed information.
Source: Bse
Kalyani Forge Limited (KALYANIFRG)
Small CapAuto stocks · Small cap · NSE
Kalyani Forge Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals05 Oct 2026 · screener
Latest result16 Aug, 01:38 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
43NeutralSMA20 -4.2% / mo · MACD − · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 42
Sector RS: 44
Sector 3M: -7.8% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
KALYANIFRGD candles · FIT view+25.1%Latest close ₹757.00 on 2026-10-21
Bar
-1.9%
RSI
33
MACD hist
-22.62
52W pos
35%
2026-10-21O ₹771.50H ₹798.00L ₹740.00C ₹757.00Vol 2,001 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
KALYANIFRGNifty AutoNifty 500
- KALYANIFRG
- +26.4%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- +32.9 pp
Chart stats
21 Oct 2026- From 52W high
- -36.5%
- 52W range position
- 35%
- ATR (14)
- 6.2%
- Volume vs 20D
- 1.04x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹740 - ₹1,025
₹1,192.3
₹523.6 - ₹1,192.3
₹46.9
Latest completed session
20-session average
40.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE46
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent80
Revenue +4.2% · PAT +217.7% YoY
Technical
Neutral43
Price trend and sector-relative-strength timing.
Valuation
Legacy model+42.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 80/100Rev +4% YoY · PAT +218% YoY · margin expansion · +17% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹66.8 Cr | +4.2% | +17.2% |
| EBITDA | ₹10.6 Cr | +78.3% | +57.7% |
| Operating margin | 15.9% | +660 bps | +407 bps |
| PAT | ₹4.5 Cr | +217.7% | -23.8% |
| PAT margin | 6.7% | +451 bps | -361 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 27.80
- P/B
- 3.59
- EV/EBITDA
- 10.23
- Market Cap
- 344.00Cr
Profitability
- ROE
- 10.10%
- ROCE
- 12.20%
- ROA
- 4.78%
- Dividend Y
- 0.42%
Growth (CAGR)
- Revenue 5Y
- 5.00%
- EPS 5Y
- 55.00%
- Revenue 3Y
- -4.00%
- EPS 3Y
- 137.50%
Balance Sheet
- Debt/Equity
- 1.10
- Interest Coverage
- 4.71×
- Altman Z
- 3.36
- Book Value
- 263.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 7/5
- OCF
- 7.00 Cr
- EPS TTM
- 34.05
Shareholding
- Promoter Hold
- 58.76%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 64%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 66.8+17.2% vs prev
Net Profit
₹ CrLatest: 4.5-23.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 33.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~4.4% over last month) — short-term momentum negative.
- RSI(14) at 33 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 37% off 52W high · 45% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
80
RS percentile
Stage 2 UptrendEstablished S2
1M return
-19.6%
3M return
+26.4%
6M return
+25.1%
1Y return
+7.7%
RS 1D
+1
RS 20D
-8
Sector rank
#5
Industry rank
#30
Stage evidence
- Price is 9.4% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +6.1%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
20 Aug 2026
S2 age
42 trading sessions
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 119.32-0.96%
RS vs Nifty 500119
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation11/30
Growth20/25
Quality3/20
Balance Sheet6/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
-3
Raw sum
46
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
46/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 42.3%.
- Growth contributes 20/25 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Quality is weaker at 3/20; verify the latest quarterly trend.
- Valuation is weaker at 11/30; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
27.8
PB
3.6
EV/EBITDA
10.2
ROE
10.1%
ROCE
12.2%
FCF Yield
—
Debt/Equity
1.1
MoS
+42.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+42.3%
Previous: +41.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
43
43
43
43
43
43
43
43
43
43
46
46
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹448.88
-68.6% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹1,312.63
+42.3% MoS
PEG
0.32
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MAJESAUT
Small
Majestic Auto Limited
Auto Components
match 170
56
13.1
3.5%
+56%
FAIR VALUE
MENNPIS
Small
Menon Pistons Limited
Auto Components
match 170
69
13.7
15.4%
+67%
UNDERVALUED
PRITIKAUTO
Small
Pritika Auto Industries Limited
Auto Components
match 169
56
12.2
8.6%
+69%
FAIR VALUE
OMAXAUTO
Small
Omax Autos Limited
Auto Components
match 168
24
—
-3.0%
-3399%
OVERVALUED
MMFL
Small
MM Forgings Limited
Auto Components
match 154
46
23.7
10.5%
+62%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Kalyani Forge Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 24th percentile within Auto. Main check: results consistency is weak at 29/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
31 docs text-extracted · 13 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Auto: 24th pctile, median 74 · Small: 43rd pctile, median 66
Evidence depth
Financial-only
31 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
61
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 58.8%.
- ▸Promoter pledge is zero.
- ▸7 years of positive FCF.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Debt/equity is 1.10.
- ▸1/4 latest quarters had positive YoY revenue growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Kalyani Forge Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep - Intimation of Newspaper Publication of 47th AGM Notice and E-voting
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May - Kalyani Forge Limited has informed about the Newspaper Publication
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.