Kalyani Forge Limited (KALYANIFRG) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹2.2B

Below-average quality, and screening another 35% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹553.23). The favourable scenario is already priced in.
• Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (₹297.89 to ₹553.23) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹160.35 – ₹842.91 · fair‑value band ₹297.89 – ₹553.23 · the ₹651.70 price screens above the ₹425.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kalyani Forge Limited (KALYANIFRG) currently trades at ₹651.70, while our model-based Fair Value estimate is ₹425.56, implying the stock looks roughly 34.7% overvalued today. The Quality Score stands at 42/100 (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 Aug 13, 2026

Our scenario range runs from ₹297.89 (bear case) to ₹553.23 (bull case); at ₹651.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -35%, KALYANIFRG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (₹563.45) versus Dividend Discount (₹40.12). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Kalyani Forge Limited, an engineering company, manufactures and sells forged, machined, and assembled products in India.

Full company description

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; engineering; and logistic services. It serves various industries, such as automotive; construction, mining, and infrastructure; power generation; marine; railways; agricultural; general industrial goods; and electric mobility. The company also exports its products to Europe, Japan, and the United States. Kalyani Forge Limited was incorporated in 1979 and is based in Pune, India.

Company description, as reported by the company or data provider.

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.

KALYANIFRG screens 35% overvalued. Compare with Hyundai Mobis Co →

Peer Group

Auto Parts · 639 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Auto Parts median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.