# Kennametal India share price today (Kennametal India Ltd, NSE: KENNAMET)

> Kennametal India share price today: ₹3,757.20 at the NSE close on 3 November 2026, up 80.1% in a year. Kennametal India (NSE: KENNAMET) is worth ₹8,257 crore, trades at a P/E of 42.2 and has closed between ₹1,947.60 and ₹4,683.50 over the past 52 weeks. > Kennametal India Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 28% of past readings. KENNAMET · Castings, Forgings & Fastners · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/kennametal-india-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹3,757.20 (+80.1% in a year)
- P/E: 42.2× (lower than 72% of the last 11 years)
- Revenue (Jun 2026): ₹478 Cr (+48.0% on a year ago)
- Profit (Jun 2026): ₹89.0 Cr (+187.1% on a year ago)
- Operating margin: 27.0% (+12.0 points on a year ago)
- ROCE: 33%, FY26
- ROIC: 25.9%, against a 12.0% cost of capital: +13.9 points

The main question: domestic institutions moved −1.6 percentage points over 8 quarters while the business went the other way. ## What is the Kennametal India share price today? Kennametal India Ltd's share price was ₹3,757.20 at the close on 3 November 2026. It has been rising for 28 weeks. That is 15.5% 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 66% 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 15 weeks in a row. Over the last 11 years the share price moved +440% 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. ## What changed at Kennametal India this quarter? 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. ## What are Kennametal India's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹478 crore | ₹323 crore | +48.0% |
| Profit | ₹89.0 crore | ₹31.0 crore | +187.1% |
| Earnings per share | ₹40.40 | ₹14.24 | +183.7% |
| Operating margin | 27.0% | 15.0% | +12.0 points |

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.)

## What is the Kennametal India share price history? Kennametal India closed at ₹3,757.20 on 3 November 2026, up 80.1% from ₹2,085.80 a year earlier (31 October 2025) and up 162.4% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹3,658.40 | +2.7% |
| 1 month ago · 1 Oct 2026 | ₹4,280.25 | −12.2% |
| 6 months ago · 30 Apr 2026 | ₹2,712.50 | +38.5% |
| 1 year ago · 31 Oct 2025 | ₹2,085.80 | +80.1% |
| 3 years ago · 3 Nov 2023 | ₹2,476.00 | +51.7% |
| 5 years ago · 4 Nov 2021 | ₹1,431.65 | +162.4% |
| 10 years ago · 4 Nov 2016 | ₹623.80 | +502.3% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹696.00 | +439.8% |
| Highest weekly close since February 2016, also the 52-week high · 4 Sep 2026 | ₹4,683.50 | −19.8% |
| Lowest weekly close since February 2016 · 9 Dec 2016 | ₹564.30 | +565.8% |
| 52-week low (weekly close) · 1 Feb 2026 | ₹1,947.60 | +92.9% |

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. (566 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Kennametal India? 3 Nov 2026: Kennametal India closed at ₹3,757.20, up 2.7% on the week and down 12.2% 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. ## What dividend does Kennametal India pay? Kennametal India paid ₹40 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.06% at the ₹3,757.20 close on 3 November 2026. The last was an interim dividend of ₹40 a share, ex-date 15 May 2026. ### Kennametal India dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 15 May 2026 | ₹40 | Interim | same day |
| 25 May 2023 | ₹20 | Interim | same day |
| 24 May 2022 | ₹24 | Interim | 25 May 2022 |
| 24 May 2021 | ₹20 | Interim | 25 May 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Kennametal India management say on the latest results call? 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 the future of Kennametal India? What is changing in the business? 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.)

## What could change the Kennametal India story? What are the risks? 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.)

## What to watch in Kennametal India's next results? 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)

| What to check | Why |
| --- | --- |
| Tungsten price per MT quarterly (>$2,000 needed to sustain current segment margins) | Tungsten Price Reversal, Core Profit Driver at Risk |
| MSG quarterly loss, must narrow to <₹20M to signal trajectory improvement. | Machining Solutions Structural Loss, Persistent Drag |
| FII ownership in Mar 2026 shareholding data. | FII Ownership Decline, Smart Money Not Building |

## Which stock lists is Kennametal India on?

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

## Is Kennametal India profitable?

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.

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.

## How much revenue does Kennametal India make, and is it growing?

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.

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).

## How much of every ₹100 of sales does Kennametal India keep?

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.

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.

## Is Kennametal India's profit turning into cash?

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.

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.

## Where does Kennametal India's cash go?

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.

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.

## What is Kennametal India's P/E ratio, and how does it compare with its own history?

Kennametal India Ltd's P/E is 42.2×, near the low end of its own history: it has been lower only 28% 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.

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.

Why the multiple is where it is: over the past year earnings per share moved +90.5% while the price moved +80.1%. 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 +21.3% a year; about +24.2% a year came from earnings growth and about −2.9 percentage points from the multiple (the market paying less); over 10 years the price moved +19.7% a year; about +24.4% a year came from earnings growth and about −4.7 percentage points from the multiple (the market paying less). 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 low against its own past, so the earnings trend underneath matters more than the multiple.

## Is the Kennametal India business getting better or worse?

Kennametal India Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 33.0%; each line tells part of the story. This is based on 12 quarters of 4 measures.

Why it matters: when the lines disagree, each line above matters more than any single label.

## What is the Kennametal India story, and has it been checked?

Kennametal India Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: EARLY EXPANSION. Still open: 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.

Our read, 17 May 2026.

From the numbers. Cycle is BREAKOUT FROM COMPRESSION per agent, but the underlying EPS surge is tungsten-cycle driven and non-recurring.

From the price. Price stage 2, week 28, above its 200-day line, relative strength falling.

From the research.

Where they disagree. Cycle is BREAKOUT FROM COMPRESSION per agent, but the underlying EPS surge is tungsten-cycle driven and non-recurring. Current 46.6x is above median. FII declining from 1% to 0.38% over 4 quarters is a yellow flag; DII accumulating +139 bps over same period is a partial positive.

What is proven.

What is not proven yet. 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 test written in advance. Tungsten Price Reversal, Core Profit Driver at Risk. Measured by: Tungsten Price Reversal, Core Profit Driver at Risk Tungsten price per MT quarterly (>$2,000 needed to sustain current segment margins) by the next result. The test written in advance. Machining Solutions Structural Loss, Persistent Drag. Measured by: Machining Solutions Structural Loss, Persistent Drag by the next result. The test written in advance. Lever 3 · Management change: building. Global tungsten prices surged from $900 to $3,000/MT in calendar Q1 2026 per parent Kennametal Inc's Q3 FY26 earnings call, Hard Metal segment revenue +45.7% YoY, segment profit +104% YoY in Q4 FY26. What proves it keeps working: Tungsten Price Timing Benefit, Hard Metal Realization Surge. It stops working if Tungsten price per MT quarterly (>$2,000 needed to sustain current segment margins). Lever 1 · Operating leverage: building. 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. What proves it keeps working: Capacity Modernisation, New Bengaluru Inserts Facility. It stops working if Tungsten price per MT quarterly (>$2,000 needed to sustain current segment margins). Lever 14 · A bigger market to serve: building. India's infrastructure capex, defence manufacturing, and automotive growth provide structural demand for precision cutting tools across all of Kennametal India's end segments. What proves it keeps working: India Manufacturing Sector Tailwind. It stops working if Tungsten price per MT quarterly (>$2,000 needed to sustain current segment margins). Sources: our stock research file (17 May 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## How much does Kennametal India earn on its capital? Kennametal India Ltd earned a ROCE of 33% in FY26. That is up from a low of 8% in FY16. Its return on capital used (ROIC) is 13.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 13.0% net margin and 1.19× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 13.0% net margin × 1.19× asset turnover × 1.48× leverage (assets divided by equity) ≈ 22.9% 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: 25.9% − 12.0% = +13.9 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. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does Kennametal India have too much debt? Kennametal India Ltd has total debt of ₹2.0 Cr against shareholder equity of ₹854 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.00 in FY24 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Kennametal India shareholding pattern? Domestic institutions cut their stake in Kennametal India Ltd by 1.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 12.0% of the company. Foreign institutions moved −0.7 points over the same period, to 0.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. The dominant driver of recent exceptional performance is not organic volume growth but a global tungsten commodity price surge. Kennametal Inc (parent) disclosed on its Q3 FY26 earnings call that tungsten prices rose from $900 to $3,000 per metric ton, described as a ninefold increase. This creates a price-raw timing benefit where product realizations jump before input costs fully reset, flowing through to Hard Metal segment margins. Parent attributed $2.45 of total $3.75-4.00 EPS guidance to this price-raw timing benefit primarily in Infrastructure. The risk is symmetrical, if tungsten prices correct, realizations drop. Parent's free cash flow turned negative 30% of net income due to…

Over the last two years: Domestic institutions: −1.6 points over 8 quarters, to 12.0%; Foreign institutions: −0.7 points over 8 quarters, to 0.2%; Promoters: +0.0 points over 8 quarters, to 75.0%. Why the owners changed: domestic institutions drove it (−1.6 points), together with foreign institutions (−0.7 points). They reduced their stake. ## How far is Kennametal India from balance-sheet trouble? For Kennametal India Ltd, the Z-score is 10.72. 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 10.72 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Kennametal India rank in its industry? 83.5 out of 100, rank 1 of 20 in Castings, Forgings & Fastners, with 96% of the evidence available. Kennametal India Ltd scores 83.5 out of 100 against the 20 companies it is compared with in Castings, Forgings & Fastners, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 30.7 + 21.5 + 12.4 + 18.9 = 83.5. 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 Kennametal India compared with? Kennametal India ranks 1 of 20 Castings, Forgings & Fastners companies on the 4-Factor Sector Score, with 83.5 out of 100. 1. Kennametal India Ltd this page KENNAMET · leader · Sector-leading setup · 96% evidence 83.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.7/35 · Revenue 29.1% · Profit 91.2% · Operating margin change 12 points · 88% evidence Capital efficiency 21.5/25 · ROCE 33.2% · Operating margin 27% · 100% evidence Valuation 12.4/20 · P/E 41.4× · PEG 1.34 · 100% evidence Relative strength 18.9/20 · Lead over its industry 16% · Lead over NIFTY 500 34.5% · 1 year 76.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.7 + 21.5 + 12.4 + 18.9 = 83.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) UNIPARTS · losing its lead · Most evidence points up · 96% evidence 76.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.2/35 · Revenue 27.5% · Profit 85.6% · Operating margin change 5 points · 88% evidence Capital efficiency 19.1/25 · ROCE 21.6% · Operating margin 24% · 100% evidence Valuation 16.9/20 · P/E 17.3× · PEG 0.38 · 100% evidence Relative strength 11.3/20 · Lead over its industry 5.1% · Lead over NIFTY 500 22.5% · 1 year 40.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 29.2 + 19.1 + 16.9 + 11.3 = 76.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Sona BLW Precision Forgings Ltd](https://www.sectoralpha.in/stocks/sona-blw-precision-forgings-ltd) SONACOMS · leader · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 42.1% · Profit 21.8% · Operating margin change -2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.2% · Operating margin 23% · 100% evidence Valuation 6.5/20 · P/E 71.7× · PEG 3.52 · 100% evidence Relative strength 19.3/20 · Lead over its industry 29.5% · Lead over NIFTY 500 51.4% · 1 year 88.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 15.8 + 6.5 + 19.3 = 65.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gala Precision Engineering Ltd](https://www.sectoralpha.in/stocks/gala-precision-engineering-ltd) GALAPREC · turning · Evidence leans up · 89% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 31.8% · Profit 37.2% · Operating margin change 1 points · 88% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 16.3% · 100% evidence Valuation 12.5/20 · P/E 35× · PEG 1.14 · 65% evidence Relative strength 11.8/20 · Lead over its industry 3.1% · Lead over NIFTY 500 21.3% · 1 year 35.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 22.3 + 13.5 + 12.5 + 11.8 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) STEELCAS · leader · Evidence leans up · 96% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue 9.2% · Profit 15.2% · Operating margin change 0 points · 88% evidence Capital efficiency 19.3/25 · ROCE 32.3% · Operating margin 26% · 100% evidence Valuation 8.0/20 · P/E 38.8× · PEG 1.7 · 100% evidence Relative strength 17.4/20 · Lead over its industry 12.9% · Lead over NIFTY 500 32.1% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 14.8 + 19.3 + 8 + 17.4 = 59.5 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 6. [Amic Forging Ltd](https://www.sectoralpha.in/stocks/amic-forging-ltd) leader · Too little evidence to rank firmly · 53% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Revenue n/a · Profit n/a · Operating margin change 5 points · 15% evidence Capital efficiency 17.1/25 · ROCE 25.2% · Operating margin 33% · 71% evidence Valuation 6.8/20 · P/E 77.5× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 8.4% · Lead over NIFTY 500 27.2% · 1 year 34.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 17.7 + 17.1 + 6.8 + 17.4 = 59 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Balu Forge Industries Ltd](https://www.sectoralpha.in/stocks/balu-forge-industries-ltd) BALUFORGE · breaking out · Evidence leans up · 81% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 19.8% · Profit 18.1% · Operating margin change -3 points · 88% evidence Capital efficiency 18.3/25 · ROCE 22.7% · Operating margin 28% · 100% evidence Valuation 15.3/20 · P/E 20× · PEG 1.16 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.2% · 1 year -31.4% · 25% evidence · 11 of 12 weeks ahead Exact sum: 14.5 + 18.3 + 15.3 + 8 = 56.1 · 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. 8. [Happy Forgings Ltd](https://www.sectoralpha.in/stocks/happy-forgings-ltd) HAPPYFORGE · leader · Evidence leans up · 96% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 15.5% · Profit 21.1% · Operating margin change 2 points · 88% evidence Capital efficiency 17.7/25 · ROCE 18% · Operating margin 31% · 100% evidence Valuation 2.8/20 · P/E 50.4× · PEG 3.72 · 100% evidence Relative strength 12.5/20 · Lead over its industry 7.7% · Lead over NIFTY 500 25.2% · 1 year 71.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.8 + 17.7 + 2.8 + 12.5 = 55.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 9. [Uni Abex Alloy Products Ltd](https://www.sectoralpha.in/stocks/uni-abex-alloy-products-ltd) quiet · Evidence leans up · 83% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 17.2% · Profit 100% · Operating margin change -7 points · 83% evidence Capital efficiency 15.6/25 · ROCE 18.8% · Operating margin 10.5% · 95% evidence Valuation 10.0/20 · P/E 18.2× · PEG n/a · 50% evidence Relative strength 8.6/20 · Lead over its industry 0.2% · Lead over NIFTY 500 17.5% · 1 year 30.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 16.3 + 15.6 + 10 + 8.6 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [CIE Automotive India Ltd](https://www.sectoralpha.in/stocks/cie-automotive-india-ltd) CIEINDIA · basing · Evidence leans down · 100% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 12.4% · Profit 15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 13.9/25 · ROCE 14.7% · Operating margin 14% · 100% evidence Valuation 16.7/20 · P/E 14.4× · PEG 1.14 · 100% evidence Relative strength 2.4/20 · Lead over its industry -28.5% · Lead over NIFTY 500 -13.5% · 1 year -18.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.6 + 13.9 + 16.7 + 2.4 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Ramkrishna Forgings Ltd](https://www.sectoralpha.in/stocks/ramkrishna-forgings-ltd) RKFORGE · leader · Evidence leans down · 67% evidence 48.4 out of 100 Growth Capital Valuation Relative
12. [Nelcast Ltd](https://www.sectoralpha.in/stocks/nelcast-ltd) NELCAST · turning · Evidence leans down · 96% evidence 47.7 out of 100 Growth Capital Valuation Relative
13. [Alicon Castalloy Ltd](https://www.sectoralpha.in/stocks/alicon-castalloy-ltd) ALICON · breaking out · Evidence leans down · 81% evidence 43.6 out of 100 Growth Capital Valuation Relative
14. [M M Forgings Ltd](https://www.sectoralpha.in/stocks/m-m-forgings-ltd) MMFL · losing its lead · Evidence leans down · 96% evidence 41.7 out of 100 Growth Capital Valuation Relative
15. [Tirupati Forge Ltd](https://www.sectoralpha.in/stocks/tirupati-forge-ltd) TIRUPATIFL · turning · Evidence leans down · 96% evidence 40.6 out of 100 Growth Capital Valuation Relative
16. [Bharat Forge Ltd](https://www.sectoralpha.in/stocks/bharat-forge-ltd) BHARATFORG · quiet · Evidence leans down · 71% evidence 37.4 out of 100 Growth Capital Valuation Relative
17. [Sundaram Clayton Ltd](https://www.sectoralpha.in/stocks/sundaram-clayton-ltd) SUNCLAY · quiet · Most evidence points down · 71% evidence 30.1 out of 100 Growth Capital Valuation Relative
18. [Sterling Tools Ltd](https://www.sectoralpha.in/stocks/sterling-tools-ltd) STERTOOLS · quiet · Most evidence points down · 100% evidence 25.4 out of 100 Growth Capital Valuation Relative
19. [Synergy Green Industries Ltd](https://www.sectoralpha.in/stocks/synergy-green-industries-ltd) SGIL · losing its lead · Most evidence points down · 76% evidence 24.4 out of 100 Growth Capital Valuation Relative
20. [Captain Technocast Ltd](https://www.sectoralpha.in/stocks/captain-technocast-ltd) quiet · Too little evidence to rank firmly · 42% evidence 55.9 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: [Castings, Forgings & Fastners](https://www.sectoralpha.in/sectors/castings-forgings-fastners), all 20 compared on one page. ## Which companies are close to Kennametal India in size? Kennametal India is the 6th largest of 20 Castings, Forgings & Fastners companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Happy Forgings, CIE Automotive India and Ramkrishna Forgings. Just below it: Balu Forge Industries, Steelcast and Uniparts India. ### Castings, Forgings & Fastners companies close in size

1. [Happy Forgings Ltd](https://www.sectoralpha.in/stocks/happy-forgings-ltd) ₹16,503 crore
2. [CIE Automotive India Ltd](https://www.sectoralpha.in/stocks/cie-automotive-india-ltd) ₹13,384 crore
3. [Ramkrishna Forgings Ltd](https://www.sectoralpha.in/stocks/ramkrishna-forgings-ltd) ₹12,005 crore
4. Kennametal India Ltd ₹8,105 crore
5. [Balu Forge Industries Ltd](https://www.sectoralpha.in/stocks/balu-forge-industries-ltd) ₹5,371 crore
6. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) ₹3,522 crore
7. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) ₹3,167 crore

[All 20 Castings, Forgings & Fastners companies, largest first](https://www.sectoralpha.in/sectors/castings-forgings-fastners#all-companies)

### Companies close in size in other industries

1. [Alkyl Amines Chemicals Ltd](https://www.sectoralpha.in/stocks/alkyl-amines-chemicals-ltd) ₹8,132 crore · Speciality Chemicals
2. [Madhya Bharat Agro Products Ltd](https://www.sectoralpha.in/stocks/madhya-bharat-agro-products-ltd) ₹8,127 crore · Fertilisers
3. Kennametal India Ltd ₹8,105 crore
4. [Esab India Ltd](https://www.sectoralpha.in/stocks/esab-india-ltd) ₹8,094 crore · Welding Equipments
5. [Bata India Ltd](https://www.sectoralpha.in/stocks/bata-india-ltd) ₹8,076 crore · Footwear

## What else do people ask about Kennametal India? ### What is Kennametal India's share price today? Kennametal India Ltd's share price is ₹3,757.20, +80.1% over the past year. The whole company is worth ₹8,257 Cr on the market. In the last 52 weeks it traded between ₹1,948 to ₹4,684; today it is 66% of the way up from the low, 15.5% above its 200-day average (as of 3 November 2026). ### What were Kennametal India's latest quarterly results? Kennametal India Ltd reported revenue of ₹478 Cr and net profit of ₹89.0 Cr for the Jun 2026 quarter. Revenue rose 48.0% and profit rose 187.1% compared with a year earlier. Earnings per share were ₹40.40. The operating margin was 27.0%, 12.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Kennametal India's market cap? Kennametal India Ltd's market capitalisation is ₹8,257 Cr at a share price of ₹3,757.20. 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 Kennametal India performing? Kennametal India Ltd's share price has been rising for 28 weeks. In its latest quarter, revenue rose 48.0% and profit rose 187.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 15 weeks running (as of 3 November 2026). ### Will Kennametal India's share price go up? This page does not forecast Kennametal India Ltd's share price. What it shows instead: the share price is ₹3,757.20, and it has been rising for 28 weeks. Its P/E of 42.2× is higher than 28% of its own last 11 years (as of 3 November 2026). ### Where is Kennametal India in its business cycle? Kennametal India Ltd's FY26 operating margin was 20.0%, against a 13-year range of 8.0% to 20.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 27.0%. 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 Kennametal India story? The main question: domestic institutions moved −1.6 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 Kennametal India a stock worth studying right now? What the numbers show: Kennametal India Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 28% of past readings. 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). ### Is there a Kennametal India share price forecast for 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. What would change the story: 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. This is research, not advice. We’re not SEBI-registered.