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Kalyani Forge Limited (KALYANIFRG) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹2.2B

KF Kalyani Forge Limited KALYANIFRG · NSE
Price₹600.10
Fair Value₹425.56
Upside-29.1%
Quality44/100
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Evidence: Medium Range ₹297.89 – ₹553.23

Fair value as of: Jul 3, 2026

From 14 valuation models · updated yesterday

Share price +1.5% over the past month.

Price vs Fair Value (12 months)

₹768.64 ₹520.29 Fair Value ₹425.56 Jul 2025 Jul 2026

12‑month range ₹520.29 – ₹768.64 · fair‑value band ₹297.89 – ₹553.23 · the ₹600.10 price screens above the ₹425.56 fair value. As of Jul 3, 2026.

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Analysis

Kalyani Forge Limited (KALYANIFRG) currently trades at ₹600.10, while our model-based Fair Value estimate is ₹425.56 — implying the stock looks roughly 29.1% overvalued today. We read business quality at 44/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Kalyani Forge Limited generated revenue of ₹2.3B at a net margin of 4.0%. Revenue declined 3.4% year over year. It earns a return on equity of 10.1%. Net debt stands at ₹1.0B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹2.3B
Revenue growth (YoY) -3.4%
Net margin 4.0%
Return on equity 10.1%
Free cash flow −₹333M FY2026
P/E ratio 23.5
More key figures
Operating margin 11.2%
EPS (TTM) ₹25.59
Dividend yield 0.7%
EPS growth (YoY) +164%
Net debt ₹1.0B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Kalyani Forge Limited, an engineering company, manufactures and sells forged, machined, and assembled products in India. The company offers engine components, including connecting rod, crank and cam shafts, retainer and cross head valves, injector clamp, rocker arm, balance weight, cam lobe, and others; driveline parts, such as tulips, inner and outer race, tripod, spider, yoke shaft, double yoke, and gear blanks; and axle products for chassis systems, including idler and control arms, FS arms, brackets, stub, steering knuckle, front and rear axle parts, wheel hub, and others. It also provides turbo charger parts; transmission forged and machined components; warm and cold forged parts, such as fluid flywheel and wet double clutch; and industrial cold and hot forged parts for use in power tools, conveyors, compressors, and others. In addition, the company offers hot, cold, and warm forging; precision machining and finishing; heat treatment; die manufacturing; testing and inspection; …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kalyani Forge Limited reported revenue of ₹2.3B in FY2026 versus ₹2.5B in FY2022, a compound −1.2%/yr. Reported net income was ₹93.2M in FY2026, compounding +31.3%/yr from FY2022.

Revenue −1.2%/yr
FY22 ₹2.5B
FY23 ₹2.6B
FY24 ₹2.4B
FY25 ₹2.4B
FY26 ₹2.3B
Net income +31.3%/yr
FY22 ₹31.3M
FY23 −₹1.8M
FY24 ₹45.5M
FY25 ₹83.1M
FY26 ₹93.2M

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Frequently asked questions

Is Kalyani Forge Limited (KALYANIFRG) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹425.56 versus a price of ₹600.10 — about −29% (overvalued). Model-based estimate, not financial advice.
What is the fair value of KALYANIFRG?
Our model-based fair value for Kalyani Forge Limited is ₹425.56 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹600.10.
What is the quality score of KALYANIFRG?
Kalyani Forge Limited has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Kalyani Forge Limited (KALYANIFRG)?
Kalyani Forge Limited reported trailing-twelve-month revenue of about ₹2.3B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of KALYANIFRG?
The net profit margin of Kalyani Forge Limited is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Kalyani Forge Limited pay a dividend?
Kalyani Forge Limited currently shows a dividend yield of about 0.65% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.