# Kalyani Steels share price today (Kalyani Steels Ltd, NSE: KSL)

> Kalyani Steels share price today: ₹838.90 at the NSE close on 3 November 2026, down 3.1% in a year. Kalyani Steels (NSE: KSL) is worth ₹3,661 crore, trades at a P/E of 12.7 and has closed between ₹612.85 and ₹972.25 over the past 52 weeks. > Kalyani Steels Ltd's earnings have grown faster than its share price. Earnings per share grew +0.6% in a year while the price moved −3.1%. KSL · Steel Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/kalyani-steels-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹838.90 (−3.1% in a year)
- P/E: 12.7× (higher than 71% of the last 10 years)
- Revenue (Sep 2026): ₹494 Cr (+8.3% on a year ago)
- Profit (Sep 2026): ₹80.0 Cr (+27.0% on a year ago)
- Operating margin: 22.0% (+3.0 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 13.3%, against a 12.0% cost of capital: +1.3 points

The main question: domestic institutions moved −1.5 percentage points over 8 quarters while the business went the other way. ## What is the Kalyani Steels share price today? Kalyani Steels Ltd's share price was ₹838.90 at the close on 3 November 2026. It has been rising for 22 weeks. That is 1.9% below 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 63% of the way up from that low. 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 +439% 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. ## What changed at Kalyani Steels this quarter? 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. ## What are Kalyani Steels' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹494 crore | ₹456 crore | +8.3% |
| Profit | ₹80.0 crore | ₹63.0 crore | +27.0% |
| Earnings per share | ₹18.30 | ₹14.33 | +27.7% |
| Operating margin | 22.0% | 19.0% | +3.0 points |

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.)

## What is the Kalyani Steels share price history? Kalyani Steels closed at ₹838.90 on 3 November 2026, down 3.1% from ₹865.40 a year earlier (31 October 2025) and up 131.2% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹858.55 | −2.3% |
| 1 month ago · 1 Oct 2026 | ₹911.80 | −8.0% |
| 6 months ago · 30 Apr 2026 | ₹849.70 | −1.3% |
| 1 year ago · 31 Oct 2025 | ₹865.40 | −3.1% |
| 3 years ago · 3 Nov 2023 | ₹458.75 | +82.9% |
| 5 years ago · 4 Nov 2021 | ₹362.85 | +131.2% |
| 10 years ago · 4 Nov 2016 | ₹302.05 | +177.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹155.75 | +438.6% |
| Highest weekly close since March 2016 · 20 Dec 2024 | ₹1,174.55 | −28.6% |
| Lowest weekly close since March 2016 · 20 Mar 2020 | ₹111.95 | +649.4% |
| 52-week high (weekly close) · 11 Sep 2026 | ₹972.25 | −13.7% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹612.85 | +36.9% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Kalyani Steels? 3 Nov 2026: Kalyani Steels closed at ₹838.90, down 2.3% on the week and down 8.0% 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. ## What dividend does Kalyani Steels pay? Kalyani Steels paid ₹10 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.19% at the ₹838.90 close on 3 November 2026. The last was a dividend of ₹10 a share, ex-date 31 July 2026. ### Kalyani Steels dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 31 Jul 2026 | ₹10 | Dividend |
| 11 Aug 2025 | ₹10 | Dividend |
| 14 Aug 2024 | ₹10 | Dividend |
| 11 Aug 2023 | ₹10 | Dividend |
| 22 Jul 2022 | ₹10 | Dividend |
| 26 Aug 2021 | ₹7.50 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## Which stock lists is Kalyani Steels on? Kalyani Steels is on one of our India lists: Copper & metal stocks. [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is Kalyani Steels profitable? 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. 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. ## How much revenue does Kalyani Steels make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Kalyani Steels keep? 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. 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. ## Is Kalyani Steels' profit turning into cash? 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. 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. ## Where does Kalyani Steels' cash go? 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. 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. ## What is Kalyani Steels' P/E ratio, and how does it compare with its own history? Kalyani Steels Ltd's P/E is 12.7×, near the high end of its own history: higher than 71% 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. 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. Why the multiple is where it is: over the past year earnings per share moved +0.6% while the price moved −3.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +18.2% a year; about +2.7% a year came from earnings growth and about +15.5 percentage points from the multiple (the market paying more); over 10 years the price moved +10.8% a year; about +9.8% a year came from earnings growth and about +1.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Kalyani Steels business getting better or worse? Kalyani Steels Ltd's business is getting better. Profit growth hit its low 8 quarters ago at −12.3% and has recovered to +8.0%, with ROCE steady at 17.9%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Kalyani Steels earn on its capital? Kalyani Steels Ltd earned a ROCE of 15% in FY26. That is up from a low of 4% in FY09. Its return on capital used (ROIC) is 1.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.0% net margin and 0.62× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.0% net margin × 0.62× asset turnover × 1.42× leverage (assets divided by equity) ≈ 12.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 13.3% − 12.0% = +1.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Kalyani Steels have too much debt? Kalyani Steels Ltd has total debt of ₹530 Cr against shareholder equity of ₹2,209 Cr as of Sep 2026, so its debt is 0.24× its equity, which is very little. Year by year, that ratio went from 0.25 in FY22 to 0.23 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Kalyani Steels shareholding pattern? Domestic institutions cut their stake in Kalyani Steels Ltd by 1.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.7% of the company. Foreign institutions moved −0.2 points over the same period, to 1.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −1.5 points over 8 quarters, to 10.7%; Foreign institutions: −0.2 points over 8 quarters, to 1.9%; Promoters: +0.0 points over 8 quarters, to 64.7%. Why the owners changed: domestic institutions drove it (−1.5 points). They reduced their stake. ## How far is Kalyani Steels from balance-sheet trouble? For Kalyani Steels Ltd, the Z-score is 4.59. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.59 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Kalyani Steels rank in its industry? 60.5 out of 100, rank 4 of 16 in Steel Products, with 100% of the evidence available. Kalyani Steels Ltd scores 60.5 out of 100 against the 16 companies it is compared with in Steel Products, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.6 + 17.4 + 11.6 + 12.9 = 60.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Kalyani Steels compared with? Kalyani Steels ranks 4 of 16 Steel Products companies on the 4-Factor Sector Score, with 60.5 out of 100. 1. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) KAMDHENU · turning · Most evidence points up · 100% evidence 77.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 5.9% · Profit 31.9% · Operating margin change 1 points · 100% evidence Capital efficiency 20.0/25 · ROCE 29.5% · Operating margin 13% · 100% evidence Valuation 17.1/20 · P/E 10.9× · PEG 0.47 · 100% evidence Relative strength 17.6/20 · Lead over its industry 27.7% · Lead over NIFTY 500 31% · 1 year 26.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.6 + 20 + 17.1 + 17.6 = 77.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) VSSL · leader · Most evidence points up · 100% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 14.8% · Profit 67.7% · Operating margin change 2 points · 100% evidence Capital efficiency 14.8/25 · ROCE 15.3% · Operating margin 12% · 100% evidence Valuation 14.2/20 · P/E 19.7× · PEG 0.84 · 100% evidence Relative strength 17.0/20 · Lead over its industry 13.2% · Lead over NIFTY 500 16.9% · 1 year 14.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 14.8 + 14.2 + 17 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) SHYAMMETL · leader · Most evidence points up · 100% evidence 73.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 25.6% · Profit 41.7% · Operating margin change 2 points · 100% evidence Capital efficiency 17.4/25 · ROCE 13% · Operating margin 14% · 100% evidence Valuation 8.6/20 · P/E 24× · PEG 1.25 · 100% evidence Relative strength 18.7/20 · Lead over its industry 27.4% · Lead over NIFTY 500 31.7% · 1 year 32.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 28.6 + 17.4 + 8.6 + 18.7 = 73.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. Kalyani Steels Ltd this page KSL · losing its lead · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue -1.1% · Profit 8.1% · Operating margin change 3 points · 100% evidence Capital efficiency 17.4/25 · ROCE 14.8% · Operating margin 22% · 100% evidence Valuation 11.6/20 · P/E 12.5× · PEG 1 · 100% evidence Relative strength 12.9/20 · Lead over its industry 3.7% · Lead over NIFTY 500 7.2% · 1 year -4.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 18.6 + 17.4 + 11.6 + 12.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BMW Industries Ltd](https://www.sectoralpha.in/stocks/bmw-industries-ltd) turning · Evidence leans up · 83% evidence 57.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 5.9% · Profit 8% · Operating margin change -1 points · 83% evidence Capital efficiency 13.2/25 · ROCE 11.9% · Operating margin 20% · 95% evidence Valuation 12.9/20 · P/E 12.7× · PEG n/a · 50% evidence Relative strength 15.9/20 · Lead over its industry 7.5% · Lead over NIFTY 500 10.3% · 1 year 9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.9 + 13.2 + 12.9 + 15.9 = 57.9 · What this means: Relative strength against the index is 10.3%, and revenue and profit growth are weak. 6. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) SUNFLAG · breaking out · Evidence leans up · 96% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 9% · Profit 4.6% · Operating margin change -1 points · 88% evidence Capital efficiency 9.6/25 · ROCE 4.1% · Operating margin 11% · 100% evidence Valuation 10.3/20 · P/E 33.2× · PEG 0.65 · 100% evidence Relative strength 19.6/20 · Lead over its industry 29% · Lead over NIFTY 500 32.1% · 1 year 46.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.7 + 9.6 + 10.3 + 19.6 = 56.2 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 7. [Panchmahal Steel Ltd](https://www.sectoralpha.in/stocks/panchmahal-steel-ltd) PANCHMAHQ · losing its lead · Evidence leans down · 78% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 10.6% · Profit 100% · Operating margin change 4.9 points · 100% evidence Capital efficiency 7.0/25 · ROCE 3.1% · Operating margin 8.3% · 100% evidence Valuation 3.9/20 · P/E 65.4× · PEG 7.04 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 0.3% · 1 year -1.2% · 25% evidence · 2 of 5 weeks ahead Exact sum: 28.9 + 7 + 3.9 + 9.8 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) PRAKASH · basing · Evidence leans down · 96% evidence 49.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.3/35 · Revenue -10.6% · Profit -12.1% · Operating margin change 1 points · 88% evidence Capital efficiency 12.1/25 · ROCE 9.6% · Operating margin 14% · 100% evidence Valuation 19.1/20 · P/E 6.4× · PEG 0.19 · 100% evidence Relative strength 6.0/20 · Lead over its industry -14.4% · Lead over NIFTY 500 -10.7% · 1 year -31.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 12.3 + 12.1 + 19.1 + 6 = 49.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [Beekay Steel Industries Ltd](https://www.sectoralpha.in/stocks/beekay-steel-industries-ltd) BEEKAY · breaking out · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 13.9% · Profit -51.1% · Operating margin change 5 points · 88% evidence Capital efficiency 7.7/25 · ROCE 4.2% · Operating margin 11% · 100% evidence Valuation 13.7/20 · P/E 18.1× · PEG 0.45 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.8% · 1 year -11.5% · 25% evidence · 10 of 12 weeks ahead Exact sum: 15.5 + 7.7 + 13.7 + 11.1 = 48 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Jindal Steel Ltd](https://www.sectoralpha.in/stocks/jindal-steel-ltd) JINDALSTEL · losing its lead · Evidence leans down · 100% evidence 45.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 25.5% · Profit 2.4% · Operating margin change -3 points · 100% evidence Capital efficiency 13.3/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 10.4/20 · P/E 33.6× · PEG 1.09 · 100% evidence Relative strength 8.0/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -0.6% · 1 year -0.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.9 + 13.3 + 10.4 + 8 = 45.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Steel Exchange India Ltd](https://www.sectoralpha.in/stocks/steel-exchange-india-ltd) STEELXIND · quiet · Evidence leans down · 89% evidence 39.7 out of 100 Growth Capital Valuation Relative
12. [Gallantt Ispat Ltd.](https://www.sectoralpha.in/stocks/gallantt-ispat-ltd) GALLANTT · quiet · Evidence leans down · 100% evidence 37.9 out of 100 Growth Capital Valuation Relative
13. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) RHETAN · quiet · Most evidence points down · 89% evidence 34.5 out of 100 Growth Capital Valuation Relative
14. [Electrotherm (India) Ltd](https://www.sectoralpha.in/stocks/electrotherm-indialtd) ELECTHERM · quiet · Most evidence points down · 61% evidence 22.2 out of 100 Growth Capital Valuation Relative
15. [Salasar Techno Engineering Ltd](https://www.sectoralpha.in/stocks/salasar-techno-engineering-ltd) SALASAR · basing · Most evidence points down · 96% evidence 20.4 out of 100 Growth Capital Valuation Relative
16. [Banganga Paper Industries Ltd](https://www.sectoralpha.in/stocks/banganga-paper-industries-ltd) BANGANGA · Too little evidence to rank firmly · 29% evidence 52.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel Products](https://www.sectoralpha.in/sectors/steel-products), all 16 compared on one page. ## Which companies are close to Kalyani Steels in size? Kalyani Steels is the 5th largest of 16 Steel Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Shyam Metalics & Energy, Gallantt Ispat and Sunflag Iron & Steel Company. Just below it: Vardhman Special Steels, Prakash Industries and Steel Exchange India. ### Steel Products companies close in size

1. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) ₹32,460 crore
2. [Gallantt Ispat Ltd.](https://www.sectoralpha.in/stocks/gallantt-ispat-ltd) ₹13,465 crore
3. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) ₹7,064 crore
4. Kalyani Steels Ltd ₹3,592 crore
5. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) ₹3,178 crore
6. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) ₹2,011 crore
7. [Steel Exchange India Ltd](https://www.sectoralpha.in/stocks/steel-exchange-india-ltd) ₹1,221 crore

[All 16 Steel Products companies, largest first](https://www.sectoralpha.in/sectors/steel-products#all-companies)

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2. [Shanthi Gears Ltd](https://www.sectoralpha.in/stocks/shanthi-gears-ltd) ₹3,599 crore · Auto Ancillaries - Gears
3. Kalyani Steels Ltd ₹3,592 crore
4. [Sindhu Trade Links Ltd](https://www.sectoralpha.in/stocks/sindhu-trade-links-ltd) ₹3,591 crore · Logistics
5. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) ₹3,583 crore · Aerospace & Defence - Equipments

## What else do people ask about Kalyani Steels? ### What is Kalyani Steels's share price today? Kalyani Steels Ltd's share price is ₹838.90, −3.1% over the past year. The whole company is worth ₹3,661 Cr on the market. In the last 52 weeks it traded between ₹613 to ₹972; today it is 63% of the way up from the low, 1.9% below its 200-day average (as of 3 November 2026). ### What were Kalyani Steels's latest quarterly results? Kalyani Steels Ltd reported revenue of ₹494 Cr and net profit of ₹80.0 Cr for the Sep 2026 quarter. Revenue rose 8.3% and profit rose 27.0% compared with a year earlier. Earnings per share were ₹18.30. The operating margin was 22.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Kalyani Steels's market cap? Kalyani Steels Ltd's market capitalisation is ₹3,661 Cr at a share price of ₹838.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Kalyani Steels performing? Kalyani Steels Ltd's share price has been rising for 22 weeks. In its latest quarter, revenue rose 8.3% and profit rose 27.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 20 weeks running (as of 3 November 2026). ### Will Kalyani Steels's share price go up? This page does not forecast Kalyani Steels Ltd's share price. What it shows instead: the share price is ₹838.90, and it has been rising for 22 weeks. Its P/E of 12.7× is higher than 71% of its own last 10 years (as of 3 November 2026). ### Who owns Kalyani Steels? Promoters own 64.7% of Kalyani Steels Ltd, foreign institutions 1.9%, domestic institutions 10.7% and the public 22.7% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 1.5 percentage points over 8 quarters (as of 3 November 2026). ### Does Kalyani Steels have too much debt? No, Kalyani Steels Ltd has little debt: its debt is 0.23× its equity, and its operating profit is 40 times its interest bill. FY26 borrowings were ₹475 Cr against equity of ₹2,105 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Kalyani Steels in its business cycle? Kalyani Steels Ltd's FY26 operating margin was 20.0%, against a 13-year range of 1.1% to 23.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 22.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Kalyani Steels story? The main question: domestic institutions moved −1.5 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Kalyani Steels a stock worth studying right now? What the numbers show: Kalyani Steels Ltd's earnings have grown faster than its share price. Earnings per share grew +0.6% in a year while the price moved −3.1%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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