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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Kalyani Steels Limited is an India-based company, which is engaged in the business of manufacturing and sale of iron and steel products. The Company operates through a single segment, which is forging and engineering quality carbon and alloy steels. Its product range includes…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, fully valued.
Kalyani Steels is scored on the commodity / cyclical framework. It keeps a healthy 13.5% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.55×) — worth a closer look. Free cash flow is worth about 1.0% of its market value.
Over the last 3 years revenue compounded at 3%/yr and profit at 1%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 12.8%. In the latest quarter profit fell 5% versus the prior quarter.
At 14× earnings, the stock sits at the 70th percentile of its own 4.6-year range — the middle of where it has historically traded. Today's price asks for only ~3%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 13.14 | 20.39 | better |
| P/B | 1.68 | 2.07 | better |
| EV/EBITDA | 7.94 | 10.9 | better |
| ROE | 12.75 | 18.07 | worse |
| ROCE | 13.91 | 9.84 | better |
| ROA | 9.02 | 3.5 | better |
| Quick Ratio | 1.78 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue is on a 2-year growth streak. 3% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Operating margins have been stable around 18% — no major structural shift.
ROE at 12% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 6pp.
EPS has grown every year — each share earns more than the last, consistently. 2% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (6% spread) — a predictable, non-seasonal revenue stream.
How today's P/E compares to the stock's own historical range. Dashed line = the 4.6y median.
Promoter holding at 64.7% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.