Kalyani Steels share price today

Kalyani Steels Ltd's share price was ₹864.95 at the close on 4 November 2026. It has been rising for 22 weeks. That is 1.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹613 and ₹972, and at that close it sat 70% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Kalyani Steels Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 20 weeks in a row.

Over the last 11 years the share price moved +455% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: best operating margin in 10 quarters.

1. Best operating margin in 10 quarters

   Operating margin was 22% in the September 2026 quarter, against 19% a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Kalyani Steels reported revenue of ₹494 crore, up 8.3% from ₹456 crore a year earlier, and a profit of ₹80.0 crore, up 27.0% from ₹63.0 crore.

Kalyani Steels results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Kalyani Steels closed at ₹864.95 on 4 November 2026, up 7.3% from ₹805.80 a year earlier (7 November 2025) and up 138.4% over five years. Its highest weekly close since March 2016 was ₹1,174.55 on 20 December 2024.

Kalyani Steels share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Kalyani Steels closed at ₹864.95, up 5.1% on the week and down 5.1% on the month. Results for July to September 2026: Revenue up 8.3% and profit up 27.0% on a year earlier.

Earlier

• 31 Jul 2026: ex-date for a dividend of ₹10 a share.

Kalyani Steels paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.16% at the ₹864.95 close on 4 November 2026. The last was a dividend of ₹10 a share, ex-date 31 July 2026.

Kalyani Steels dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Kalyani Steels Ltd paid out 17% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Kalyani Steels is on one of our India lists: Copper & metal stocks.

Kalyani Steels Ltd earned ₹80.0 Cr of net profit in the Sep 2026 quarter, +27.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹258 Cr. Over 17 years profit has grown 27.8% a year on average. That is 16.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹63.0 Cr.

For the full year, FY26 profit was ₹258 Cr (+0.8% on the year before).

Why profit moved: revenue changed +8.3% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +9.3% and revenue −0.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Kalyani Steels Ltd reported ₹494 Cr of revenue in the Sep 2026 quarter, +8.3% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 17 years it has grown 3.7% a year on average. The last full year, FY26, came in at ₹1,846 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,905 Cr.

FY26 revenue was ₹1,846 Cr, −6.9% on the year before.

Recent pace: the last four quarters grew −0.5% on average, against 3.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −1.1%, against +2.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +8.0%, against +9.5% a year (stabilising).

Kalyani Steels Ltd's operating margin was 22.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 1.1% and 23.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.9 percentage points on the year while gross margin changed +5.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 111% of Kalyani Steels Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹141 Cr of operating cash against ₹258 Cr of profit. After ₹137 Cr of spending on assets, ₹4.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 111% of profit came in as cash: the cash cycle got 143 days longer between FY20 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.2× depreciation over three years. The next section checks what that spending is building.

Kalyani Steels Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 104 days in FY26, up from −39 days in FY20. It spent ₹357 Cr on assets over the last 3 years. Customers take 98 days to pay, and stock sits for 102 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,846 Cr, each day of that cycle ties up about ₹5.1 Cr, so roughly ₹526 Cr is tied up in the business at any time.

FY26: customers took 98 days to pay and stock sat for 102 days, about 3.4 months of sales sitting as stock, for a full cycle of 104 days, longer than FY20's −39.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 102 days. Customers pay about 98 days after that. Suppliers are paid at 96 days. Together that makes the 104-day cycle.

Spending on assets: ₹357 Cr over the last 3 years, against ₹166 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹560 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Kalyani Steels Ltd's P/E is 13.1×, near the high end of its own history: higher than 74% of past readings. Its usual P/E (the middle reading) is 9.3×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹64.54.