Kalyani Steels Ltd
About
Kalyani Steels Limited has been forging and engineering carbon and alloy steels using blast furnaces since 1973. As part of the Kalyani Group, Kalyani Steels Limited is headquartered in Pune. The manufacturing facility in Pune later partnered with Carpenter Corporation, USA, and was called Kalyani Carpenter Special Steels Limited. To capitalise on the liberalisation policies in the 90s, KSL shifted to iron-ore-rich Hospet, Karnataka, in 1997 to build an integrated steel mill with a production capacity of 290,000 tonnes per annum. In addition to the Indian forging industry, Kalyani Steel’s products cater to component manufacturers for commercial vehicles, diesel engines, two-wheelers, turbines, bearings, tractors, and rail. Its products are utilised by the engineering, aluminium smelting, automotive, and seamless tube industries.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2006 2.4% | 1958 9.6% | 1787 48.2% | 1206 -2.3% | 1234 -15.0% | 1452 8.2% | 1342 5.1% | 1277 3.6% | 1233 0.9% | 1222 4.8% | 1166 45.5% | 801 -20.2% | 1005 -21.3% | 1277 20.3% | 1062 4.0% | 1020 - |
| Net Operating Income (INR Cr) | 1959 0.00% | 1899 11.33% | 1706 43.60% | 1188 -0.91% | 1199 -14.76% | 1407 4.57% | 1345 6.97% | 1257 6.52% | 1180 0.00% | 1227 9.95% | 1116 37.94% | 809 -17.18% | 977 -21.02% | 1237 21.09% | 1021 6.04% | 989 4.06% |
| Profit (INR Cr) | 249 48.9% | 167 -31.6% | 244 28.3% | 190 39.3% | 137 3.7% | 132 13.9% | 116 -26.0% | 156 37.7% | 113 36.2% | 83 42.2% | 59 145.5% | 24 8.3% | 22 -59.7% | 55 26.4% | 43 1108.7% | 4 - |
| Assets (INR Cr) | 2284 13.9% | 2005 16.7% | 1718 28.8% | 1334 36.3% | 979 7.1% | 914 -4.7% | 959 0.9% | 950 -6.0% | 1010 28.3% | 787 13.1% | 696 15.1% | 605 -2.2% | 619 -2.2% | 633 30.5% | 485 -40.0% | 809 - |
| Net Worth (INR Cr) | 1680 0.0% | 1489 8.9% | 1367 18.6% | 1153 19.8% | 963 8.2% | 890 13.5% | 785 11.9% | 701 19.0% | 589 0.0% | 476 19.6% | 398 12.2% | 355 4.8% | 338 5.3% | 321 16.1% | 277 -46.3% | 560 -0.6% |
| Employee Cost (INR Cr) | 78 20.6% | 65 9.1% | 60 3.9% | 57 -0.7% | 58 3.0% | 56 10.4% | 51 -5.8% | 54 -53.0% | 115 73.0% | 66 14.9% | 58 52.8% | 38 12.7% | 34 11.8% | 30 45.8% | 21 -44.1% | 37 - |
| Interest Cost (INR Cr) | 26 | 28 | 13 | 7 | 10 | 7 | 9 | 10 | 12 | 15 | 17 | 22 | 21 | 21 | 26 | 28 |
| Cash & Bank Balance (INR Cr) | 550 | 749 | 974 | 626 | 361 | 39 | 34 | 24 | 9 | 5 | 17 | 9 | 19 | 18 | 14 | 7 |
| Total Debt (INR Cr) | 596 | 506 | 340 | 168 | 0 | 18 | 176 | 245 | 327 | 219 | 206 | 170 | 227 | 257 | 208 | 249 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 12.4% | 8.5% | 13.7% | 15.8% | 11.1% | 9.1% | 8.6% | 12.2% | 9.2% | 6.8% | 5.0% | 3.0% | 2.2% | 4.3% | 4.1% | 0.4% |
| Profit As % Of Assets | 10.9% | 8.3% | 14.2% | 14.3% | 14.0% | 14.4% | 12.1% | 16.5% | 11.2% | 10.6% | 8.4% | 4.0% | 3.6% | 8.7% | 8.9% | 0.4% |
| Profit As % Of Networth | 14.8% | 11.2% | 17.9% | 16.5% | 14.2% | 14.8% | 14.7% | 22.3% | 19.3% | 17.5% | 14.7% | 6.7% | 6.5% | 17.0% | 15.6% | 0.6% |
| Interest Cost to EBITDA % | 7.0% | 11.4% | 4.0% | 2.7% | 5.0% | 3.4% | 4.5% | 3.6% | 6.8% | 8.8% | 13.2% | 29.3% | 50.2% | 20.7% | 42.1% | 256.2% |
| Debt to Equity Ratio | 0.35 | 0.34 | 0.25 | 0.15 | - | 0.02 | 0.22 | 0.35 | 0.56 | 0.46 | 0.52 | 0.48 | 0.67 | 0.80 | 0.75 | 0.44 |
| RONW | 14.8% | 11.7% | 19.7% | 18.0% | 14.5% | 15.7% | 15.5% | 24.2% | 19.3% | 19.1% | 15.6% | 6.9% | 5.3% | 18.3% | 8.1% | 0.6% |
| ROCE | 15.7% | 13.3% | 22.5% | 22.6% | 18.4% | 21.2% | 19.2% | 25.3% | 18.4% | 18.7% | 16.4% | 9.8% | 6.1% | 16.0% | 10.1% | 3.8% |