Kalyani Forge Limited has informed the Exchange about Transcript
KALYANIFRG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kalyani Forge reported its highest profit in 10 years for FY25, with PAT of ₹8.3 crore (up from ₹4.6 crore) and EBITDA margin expanding to 11.1% from the historical 7-8% range, driven by operational efficiency, improved sales mix and exit from low-profit businesses. Q4 revenue was ₹59.34 crore with PAT of ₹2.23 crore, nearly 3x year-on-year. The company declared a dividend of ₹4 per share (highest in 5 years) and announced record new order wins of ₹115 crore in FY25, with about ₹50 crore of new production starts planned for FY26. Management has approved a ₹25 crore CapEx budget for FY26 (versus ₹24.4 crore spent in FY25), focusing on forging modernization, machining capacity addition and a 4,000-ton press, while term loans have been secured. The company outlined long-term targets of 15% EBITDA margin (currently 10-12%), exports rising to 50% of revenues (currently ~20%), and is evaluating a future equity raise with promoter participation. Utilization currently stands at 50-60%, indicating significant headroom for growth.
Positive for shareholders — strongest earnings in a decade, record order pipeline, higher dividend, and clear margin expansion roadmap support the stock's recent run to all-time highs. Near-term watchpoints are flat top-line growth, dependence on execution of new SOPs in FY26, and any dilution from the contemplated equity raise.