Kalyani Investment Company Limited (KICL) fair value: what the stock is really worth
We calculate from audited financials what Kalyani Investment Company Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ₹1,422 – ₹8,203 · fair‑value band ₹7,561 – ₹12,601 · the ₹5,041 price screens below the ₹10,081 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Kalyani Investment Company Limited, an investment company, engages in making investments in group companies in India. It invests in companies, including forging, steel, power generation, chemicals, and banking sectors. The company was incorporated in 2009 and is based in Pune, India.
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Kalyani Investment Company Limited, an investment company, engages in making investments in group companies in India. It invests in companies, including forging, steel, power generation, chemicals, and banking sectors. The company was incorporated in 2009 and is based in Pune, India. Kalyani Investment Company Limited operates as a subsidiary of Sundaram Trading and Investment Private Limited.
Stock analysis
Kalyani Investment Company Limited (KICL) currently trades at ₹5,041, while our model-based Fair Value estimate is ₹10,081, implying the stock looks roughly 50.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 16 models at a data quality of 96/100, which puts the evidence level at high.
Scenario range: ₹7,561 (bear) to ₹12,601 (bull), the price of ₹5,041 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kalyani Investment Company Limited reported revenue of ₹564M in FY2026 versus ₹273M in FY2022, a compound +19.9%/yr. Reported net income was ₹368M in FY2026, compounding −10.4%/yr from FY2022.
Key figures
Market cap ₹22.0B (≈ $231M) · P/E ratio 59.8 · P/S ratio 38.9 · EPS (TTM) ₹84.34 · Dividend yield 0.0% · Net margin 65.1% · Return on equity 0.4% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 100%, KICL screens cheaper than that median.
Fair Value models
Bear ₹7,561Fair Value ₹10,081Bull ₹12,601
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹38.59 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.25/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+21.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5% vs 3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.94% → 88%
Compare Kalyani Investment Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Asset Management · 661 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+99% · Top 25%
Profitability
Return on equity (TTM)0% · Below median
Return on assets0% · Below median
Net margin (TTM)47% · Above median
Operating margin (TTM)87% · Top 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kalyani Investment Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/KICL
Frequently asked questions
Is Kalyani Investment Company Limited (KICL) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹10,081 versus a price of ₹5,041, about +100% upside (undervalued).
What is the fair value of KICL?
Our model-based fair value for Kalyani Investment Company Limited is ₹10,081 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹5,041.
What is the quality score of KICL?
Kalyani Investment Company Limited has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kalyani Investment Company Limited (KICL)?
Our model-based price target is the fair value of ₹10,081 (as of Sep 13, 2026) from 2 valuation models. Cautious scenario ₹7,561, optimistic scenario ₹12,601. It is a calculation from audited fundamentals, not an analyst target.
What is the Kalyani Investment Company Limited stock forecast for 2026?
Our models put fair value at ₹10,081, about +100% upside versus a price of ₹5,041 (undervalued). Cautious scenario ₹7,561, optimistic scenario ₹12,601. The calculation is refreshed regularly with new filings.
What is the revenue of Kalyani Investment Company Limited (KICL)?
Kalyani Investment Company Limited reported trailing-twelve-month revenue of about ₹781M (latest available figure, as of Sep 13, 2026).
Does Kalyani Investment Company Limited pay a dividend?
Kalyani Investment Company Limited currently shows a dividend yield of about 0.05% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Kalyani Investment Company Limited (KICL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kalyani Investment Company Limited it is ₹10,081 per share (as of Sep 13, 2026), against a price of ₹5,041. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Kalyani Investment Company Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, KICL trades below its calculated fair value: price ₹5,041, fair value ₹10,081, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KICL?
No. The price is what the market pays today (₹5,041); the fair value is what the company's own numbers justify (₹10,081). For Kalyani Investment Company Limited the two are ₹5,041 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kalyani Investment Company Limited worth?
The market values Kalyani Investment Company Limited at about ₹22.0B (market capitalisation, as of Sep 13, 2026). Per share that is ₹5,041; our models calculate a fair value of ₹10,081 per share.
What do the bullish and bearish scenarios say about KICL?
Our models span a range for Kalyani Investment Company Limited: cautious scenario ₹7,561, base ₹10,081, optimistic ₹12,601 per share (as of Sep 13, 2026, price ₹5,041). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KICL?
Kalyani Investment Company Limited trades at a price-to-earnings ratio of 59.8 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹10,081 is built from several models across several years. Other multiples: P/B 0.2, P/S 30.2, EV/EBITDA 31.9.
How solid is the balance sheet of Kalyani Investment Company Limited (KICL)?
Balance-sheet figures for Kalyani Investment Company Limited (as of Sep 13, 2026): return on equity 0.4%. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is KICL from its 52-week high?
Kalyani Investment Company Limited trades at ₹5,041, about 23% below its 52-week high of ₹6,555 and 26% above the low of ₹4,011 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹10,081 is for.
Which stocks are comparable to Kalyani Investment Company Limited?
From the same area (Financial Services) we also value Blackstone Inc, Investor AB, Brookfield Corporation, KKR & Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kalyani Investment Company Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹5,041, calculated fair value ₹10,081 (+100%), Quality Score 33/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KICL calculated?
We run Kalyani Investment Company Limited through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹10,081, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Kalyani Investment Company Limited currently trades 100 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Kalyani Investment Company Limited right now?
The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹7,561). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Kalyani Investment Company Limited (KICL) come from?
Earnings per share at Kalyani Investment Company Limited grew +9.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +15.0 %, EBIT margin −0.3 %, tax rate −3.1 %, residual (interest, one-offs) −1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kalyani Investment Company Limited
How large is the market capitalisation of Kalyani Investment Company Limited (KICL)?
The market capitalisation of Kalyani Investment Company Limited is ₹22.0B (≈ $231M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kalyani Investment Company Limited (KICL)?
The price-to-sales ratio of Kalyani Investment Company Limited is 38.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kalyani Investment Company Limited (KICL)?
Earnings per share at Kalyani Investment Company Limited are ₹84.34 (price ÷ EPS = P/E 59.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kalyani Investment Company Limited (KICL)?
The dividend yield of Kalyani Investment Company Limited is 0.0% (payout 2.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kalyani Investment Company Limited (KICL)?
The net margin of Kalyani Investment Company Limited is 65.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kalyani Investment Company Limited (KICL)?
The return on equity (ROE) of Kalyani Investment Company Limited is 0.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kalyani Investment Company Limited (KICL)?
On an EBIT basis the return on assets of Kalyani Investment Company Limited is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kalyani Investment Company Limited (KICL)?
The operating margin of Kalyani Investment Company Limited is 87.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kalyani Investment Company Limited (KICL)?
Revenue at Kalyani Investment Company Limited is growing +1.7% versus a year earlier (3y avg +6.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kalyani Investment Company Limited (KICL)?
Earnings per share at Kalyani Investment Company Limited are growing −24.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kalyani Investment Company Limited (KICL) generate?
The free cash flow of Kalyani Investment Company Limited is −₹179M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Kalyani Investment Company Limited (KICL) hold?
Kalyani Investment Company Limited holds more cash than debt, ₹3.1B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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