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Kennametal India Limited (KENNAMET) Fair Value & Analysis

Industrials · IN · Market cap ₹64.0B

KI Kennametal India Limited KENNAMET · BSE
Price₹2,912
Fair Value₹983.20
Upside-66.2%
Quality72/100
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Evidence: High Range ₹736.45 – ₹1,229

Fair value as of: Jul 5, 2026

From 26 valuation models · updated today

Share price +1.9% over the past month.

Price vs Fair Value (12 months)

₹3,140 ₹1,920 Fair Value ₹983.20 Jun 2025 Jul 2026

12‑month range ₹1,920 – ₹3,140 · fair‑value band ₹736.45 – ₹1,229 · the ₹2,912 price screens above the ₹983.20 fair value. As of Jul 5, 2026.

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Analysis

Kennametal India Limited (KENNAMET) currently trades at ₹2,912, while our model-based Fair Value estimate is ₹983.20 — implying the stock looks roughly 66.2% overvalued today. We read business quality at 72/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, Kennametal India Limited generated revenue of ₹13.6B at a net margin of 10.2%. Revenue grew 39.2% year over year. It earns a return on equity of 14.1%. The stock trades on a trailing P/E of 46.3. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹736.45 (bear case) to ₹1,229 (bull case); at ₹2,912, the current price sits above that range. The share trades about 13% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -20% fair-value upside — at -66%, KENNAMET screens richer than that median.

Key figures & financial health

Revenue (TTM) ₹13.6B
Revenue growth (YoY) +39.2%
Net margin 10.2%
Return on equity 14.1%
Free cash flow ₹1.1B FY2024
P/E ratio 46.3
More key figures
Operating margin 16.1%
EPS (TTM) ₹62.89
Dividend yield 1.4%
EPS growth (YoY) +110%

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

Kennametal India Limited manufactures, sells, and trades in hard metal products and machine tools in India, Germany, the United States, China, and internationally. It operates through two segments, Hard Metal Products and Machining Solutions Group. The company offers metal cutting tools; metalworking tools for milling, hole making, turning, and threading, as well as PCD tooling, tool holders, industrial nozzles and abrasive flow products, rods and preforms, and tool kits; underground and surface mining products; construction products for road rehabilitation, foundation drilling, trenching, forestry, and recycling; and carbide wear parts, such as fluid handling and flow control, tips and compacts, pelletizing dies, particle size reduction wear components, and tungsten for defense applications. It also provides carbide rods and blanks; and metal powders, materials, and consumables. In addition, the company offers conforma-clad wear resistant coatings, including cloth-based and …

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Kennametal India Limited reported revenue of ₹11.7B in FY2024 versus ₹8.5B in FY2020, a compound +8.2%/yr. Reported net income was ₹1.0B in FY2024, compounding +8.8%/yr from FY2020.

Revenue +8.2%/yr
FY20 ₹8.5B
FY21 ₹9.9B
FY22 ₹10.8B
FY23 ₹11.0B
FY24 ₹11.7B
Net income +8.8%/yr
FY20 ₹733M
FY21 ₹1.1B
FY22 ₹877M
FY23 ₹1.1B
FY24 ₹1.0B

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Cite: Fair Value Calculator (2026). "Kennametal India Limited Fair Value". https://www.fairvalue-calculator.com/stock/KENNAMET

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Frequently asked questions

Is Kennametal India Limited (KENNAMET) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹983.20 versus a price of ₹2,912 — about −66% (overvalued). Model-based estimate, not financial advice.
What is the fair value of KENNAMET?
Our model-based fair value for Kennametal India Limited is ₹983.20 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹2,912.
What is the quality score of KENNAMET?
Kennametal India Limited has a Quality Score of 72/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Kennametal India Limited (KENNAMET)?
Kennametal India Limited reported trailing-twelve-month revenue of about ₹13.6B (latest available figure, as of Jul 5, 2026).
What is the net profit margin of KENNAMET?
The net profit margin of Kennametal India Limited is about 10.2%, meaning it keeps roughly 10.2% of revenue as net income. Based on the latest reported figures.
Does Kennametal India Limited pay a dividend?
Kennametal India Limited currently shows a dividend yield of about 1.35% relative to its recent price (as of Jul 5, 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.

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