Kennametal India share price today

Kennametal India Ltd's share price was ₹3,792.90 at the close on 4 November 2026. It has been rising for 28 weeks. That is 16.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,948 and ₹4,684, and at that close it sat 67% 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 Kennametal India 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 15 weeks in a row.

Over the last 11 years the share price moved +445% while the NIFTY 500 moved +257%, 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.

Three changes stood out: best operating margin in 28 quarters, revenue up on a year earlier for 10 quarters in a row and highest quarterly profit in 28 quarters.

1. Best operating margin in 28 quarters

   Operating margin was 27% in the June 2026 quarter, against 15% a year earlier.

2. Revenue up on a year earlier for 10 quarters in a row

   In the June 2026 quarter revenue was ₹478 crore, +48% on a year earlier.

3. Highest quarterly profit in 28 quarters

   Profit of ₹89 crore in the June 2026 quarter is the highest of the last 28 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Kennametal India reported revenue of ₹478 crore, up 48.0% from ₹323 crore a year earlier, and a profit of ₹89.0 crore, up 187.1% from ₹31.0 crore.

Kennametal India results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: 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 June 2026). Revenue and profit in ₹ crore.

Kennametal India closed at ₹3,792.90 on 4 November 2026, up 64.5% from ₹2,305.50 a year earlier (7 November 2025) and up 164.9% over five years. Its highest weekly close since February 2016 was ₹4,683.50 on 4 September 2026.

Kennametal India 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.

566 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Kennametal India closed at ₹3,792.90, up 3.0% on the week and down 11.4% on the month. Results for April to June 2026: Revenue up 48.0% and profit up 187.1% on a year earlier.

Earlier

• 15 May 2026: ex-date for an interim dividend of ₹40 a share.

Kennametal India paid ₹40 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.05% at the ₹3,792.90 close on 4 November 2026. The last was an interim dividend of ₹40 a share, ex-date 15 May 2026.

Kennametal India 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.

Not in its latest year. Kennametal India Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 10 of its last 13 reported years, so there is a history but no current dividend.

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

Kennametal India's management made 0 promises we could check against what it later reported.

Our read after the latest results, written 17 May 2026.

What is changing at Kennametal India, from the latest results and calls: tungsten price timing benefit, hard metal realization surge, capacity modernisation, new bengaluru inserts facility and india manufacturing sector tailwind.

• Tungsten Price Timing Benefit, Hard Metal Realization Surge. Global tungsten prices surged from $900 to $3,000/MT in calendar Q1 2026 per parent Kennametal Inc's October to December 2025 earnings call, Hard Metal segment revenue +45.7% on a year earlier, segment profit +104% on a year earlier in January to March 2026. ⚠ estimate
• Capacity Modernisation, New Bengaluru Inserts Facility. New Metal Cutting inserts manufacturing facility inaugurated in Bengaluru as part of Kennametal Inc's global modernisation program, expands capacity and capability for Asia Pacific demand. ⚠ estimate
• India Manufacturing Sector Tailwind. India's infrastructure capital spending, defence manufacturing, and automotive growth provide structural demand for precision cutting tools across all of Kennametal India's end segments. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

The price-raw timing benefit that drove Hard Metal Q4 +104% profit growth unwinds if tungsten corrects from $3,000/MT back toward historical $800-1,200 range.

The main risks

• Tungsten Price Reversal, Core Profit Driver at Risk: The price-raw timing benefit that drove Hard Metal Q4 +104% profit growth unwinds if tungsten corrects from $3,000/MT back toward historical $800-1,200 range. ⚠ estimate
• FII Ownership Decline, Smart Money Not Building: FII stake declined from 1.00% (Jun 2024) to 0.38% (Dec 2025) over 4 consecutive quarters, despite strong stock performance. ✓ fact

Our read after the latest results, written 17 May 2026.

When Kennametal India reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Tungsten price per MT quarterly (>$2,000 needed to sustain current segment margins)

Kennametal India is not on any of our India lists this week.

Kennametal India Ltd earned ₹89.0 Cr of net profit in the Jun 2026 quarter, +187.1% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹196 Cr. Over 10 years profit has grown 25.0% a year on average. That is 18.6% 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 ₹31.0 Cr.

For the full year, FY26 profit was ₹196 Cr (+90.3% on the year before).

Why profit moved: revenue changed +48.0% on a year earlier and the margin moved +12.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +83.2% and revenue +28.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Kennametal India Ltd reported ₹478 Cr of revenue in the Jun 2026 quarter, +48.0% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 10.2% a year on average. The last full year, FY26, came in at ₹1,511 Cr.

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

Why this happened. Management has repeatedly cited continued momentum in key end markets and India's economic growth as the volume growth driver across multiple quarterly result releases. The India entity benefits from the broader manufacturing and infrastructure capex cycle, railways, defence, automotive, and general engineering all expand the addressable market for carbide tools. This is a structural tailwind that is sector-wide rather than company-specific, and is contingent on India's capex cycle remaining intact.

The last four reported quarters add to ₹1,511 Cr.

FY26 revenue was ₹1,511 Cr, +29.1% on the year before.

Recent pace: the last four quarters grew +28.3% on average, against 10.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +29.1%, against +17.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +91.2%, against +33.1% a year (accelerating).

Kennametal India Ltd's operating margin was 27.0% in the Jun 2026 quarter, 12.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 8.0% and 20.0%. The latest quarter is above every full year in that period.

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 this happened. Kennametal India inaugurated a new inserts manufacturing facility in Bengaluru that consolidates previously fragmented production units and incorporates intelligent manufacturing systems for improved quality, consistency, and lead times. This is part of the global parent's modernisation program. The facility serves transportation, aerospace, general engineering, and energy segments. The impact is multi-year optionality, it expands addressable capacity and enables market share capture in high-growth India segments, but is not yet reflected in the run-rate financials as a step-up in ROCE or volume growth.

Why the margin moved: operating margin changed +11.7 percentage points on the year while gross margin changed +6.3 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 68% of Kennametal India Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹18.0 Cr of operating cash against ₹196 Cr of profit.

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.

After ₹56.0 Cr of spending on assets, free cash was −₹38.0 Cr: it spent more than its operations brought in.

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

Why 68% of profit came in as cash: the cash cycle got 81 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 81 days longer. The next section looks at where the cash is stuck.

Kennametal India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 219 days in FY26, up from 138 days in FY21. It spent ₹118 Cr on assets over the last 3 years. Customers take 65 days to pay, and stock sits for 280 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 ₹1,511 Cr, each day of that cycle ties up about ₹4.1 Cr, so roughly ₹907 Cr is tied up in the business at any time.

FY26: customers took 65 days to pay and stock sat for 280 days, about 9.2 months of sales sitting as stock, for a full cycle of 219 days, longer than FY21's 138.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 280 days. Customers pay about 65 days after that. Suppliers are paid at 127 days. Together that makes the 219-day cycle.

Spending on assets: ₹118 Cr over the last 3 years, against ₹138 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Kennametal India Ltd's P/E is 42.6×, near the low end of its own history: it has been lower only 29% of the time. Its usual P/E (the middle reading) is 47.7×, over 11 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.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.