KALYANI COMMERCIALS LTD

Distributes commercial vehicles, tractors and construction vehicles, with the Automobiles segment accounting for 98.9% of FY26 revenue at Rs 582.50 crore and an 'Others' segment contributing the remaining 1.1% at Rs 6.59 crore. Total revenue for FY26 was Rs 587.18 crore against a net profit of Rs 2.67 crore, with an EBITDA margin of 1.94%. The business runs on very thin margins, with employee cost at 1.2% of revenue and other operating expenses at 1.0%. Operating cash flow was deeply negative at minus Rs 2,940.55 lakhs in FY26, driven by an inventory increase of Rs 2,487 lakhs and a Rs 466.87 lakh rise in trade receivables, while total borrowings climbed from Rs 5,186 lakhs to Rs 9,225 lakhs. Filings with NSE are mostly routine compliance items such as trading window closures, dematerialisation certificates, structured digital database filings and corporate governance exemption letters, with no operating metrics like store count, dealership network, or unit volume disclosed in the available facts.