KSL · Kalyani Steels Ltd · Misc. Fabricated Products
KSL · Kalyani Steels Ltd · Misc. Fabricated Products
As of 05 Nov close
52-week range
16.1% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹465 Cr
Revenue YoY
PAT YoY
+10.7%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.9
P/S (TTM)
2.3
Sector P/E
17.3
Dividend yield
+1.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| KSL (this stock) | 14.5 | 1.9 | +14.2% | +12.6% | 0.23 | +1.0% |
| Bharat Forge | 145.1 | 9.9 | +4.0% | +7.4% | 0.76 | +0.4% |
| Havells India | 44.5 | 8.6 | +6.9% | +17.3% | 0.03 | +0.9% |
| Schaeffler India | 52.3 | 10.2 | +11.9% | +20.4% | 0.01 | +0.9% |
Promoter
stable
FII
falling 1q
MF
11.40% (+0.35pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- lowthehindubusinessline.com· 28 Oct 2026, 04:46 pmKalyani Steels appoints Amit Kalyani as chairman, succeeding Babasaheb Kalyani
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedKalyani Steels Limited (KSL) reported key developments in FY2025-26, including the merger of KTTPL into KTFL, approved by the NCLT in November 2025 and effective from April 1, 2024. The company’s financial statements were audited by Kirtane & Pandit LLP, with no material misstatements identified. Key audit matters included the accounting of joint operations and inventory valuation. The company faces contingent liabilities related to tax disputes, including a Forest Development Tax (FDT) claim of ₹1,364.50 million treated as a contingent liability. Additionally, the company has unresolved tax disputes and legal challenges, with no provision recognized for FDT. The auditor noted no material weaknesses in internal controls, and the company’s going-concern status remains unchallenged as of the report date.
- Merger of KTTPL into KTFL completed in April 2024 under NCLT approval.
- Audit by Kirtane & Pandit LLP found no material misstatements in standalone financial statements.
- Contingent liability of ₹1,364.50 million related to Forest Development Tax (FDT) dispute.
- Key audit matters focused on joint operation accounting and inventory valuation.
- No material weaknesses identified in internal financial controls.
Key takeaway: Kalyani Steels Limited completed a significant merger in FY2025-26, with audited financials showing no material misstatements, but faces risks from unresolved tax disputes and contingent liabilities.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
Kalyani Steels received a settlement order from SEBI on February 23, 2026, regarding non-obtaining of prior approval of audit committee for related party transactions in earlier years. The company paid the prescribed settlement amount to SEBI on February 12, 2026.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has received orders and notices from tax authorities regarding direct and indirect taxes, which may have a material effect on its financial position, results of operations, or cash flows.
Earlier (1-3 years ago)
The company has received various orders and notices from tax authorities, indicating potential contingent liabilities.
Kalyani Steels Limited has recognized a contingent liability of ₹923.45 million as of March 31, 2024, related to the potential refund of Forest Development Tax (FDT) on iron ore, pending resolution in the Supreme Court of India.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company received a settlement order from SEBI on February 23, 2026, regarding non-obtaining of prior approval of the audit committee for related party transactions in earlier years. The company and compliance officer paid the prescribed settlement amount to SEBI on February 12, 2026.
Earlier (1-3 years ago)
The company has receivables from related parties amounting to ₹470 Million as of March 31, 2024, with a legally enforceable right to set off the said advance against the receivable.
Kalyani Steels Limited has outstanding balances with related parties including Kalyani Strategic Management Services Private Limited, Kalyani Center for Precision Technology Limited, and Peach Blossom Investment Private Limited as of March 31, 2024.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has statutory dues relating to Goods and Service Tax for FY 2017-18 to FY 2020-21 pending before the Joint Commissioner of Commercial Taxes and GST Appellate Authority.
Earlier (1-3 years ago)
The company has statutory dues related to Goods and Service Tax and Income Tax for various fiscal years that have not been deposited due to disputes, with the amounts pending before the Deputy Commissioner of Commercial Taxes and CIT Appeals.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Mr. S.M. Kheny resigned as Chairman of the Stakeholders Relationship Committee effective July 15, 2024, leading to the committee's reconstitution with Mr. S.G. Joglekar as the new Chairman.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.99% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).