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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automobiles (99%), Others (1%). Thin-margin, working-capital-heavy dealership of vehicles and equipment
| ₹ crore · consolidated | FY20 | FY21 | FY22 |
|---|---|---|---|
| Revenue | 641 | 227 | 230 |
| EBITDA (ex other income) | 17 | 8 | 4 |
| margin % | 2.7 | 3.4 | 1.6 |
| Owners' profit | 1 | 0 | 2 |
| EPS, as reported (₹) | 8.53 | 16.16 | 22.90 |
| ROE % · ROCE % | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — |
| Cash from operations | — | (0) | (1) |
| Capex | — | 0 | (0) |
| ₹ crore | Q1 FY21 | Q2 FY21 | Q3 FY21 | Q4 FY21 | Q1 FY22 | Q2 FY22 | Q3 FY22 | Q4 FY22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 47 | 89 | 76 | 36 | 39 | 63 | 91 |
| Profit before tax | 0 | 1 | 0 | 1 | 0 | 0 | 2 | (0) |
| Net profit | 0 | 1 | 0 | — | 1 | — | — | (0) |
| EPS (₹) | 0.01 | 10.26 | 14.74 | 7.65 | 10.72 | 1.90 | 12.76 | (2.48) |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Automobiles | 150 | 65.2 |
| Others | 5 | 2.0 |
| AUTOMOBILES | 38 | 16.3 |
| OTHERS | 2 | 0.7 |
| Automobile | 34 | 14.8 |
| Other | 2 | 0.9 |
| Total, before eliminations | 231 | 100.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.3 | 29.6 | 1 of 11 | 100% |
| EBITDA margin | (0.3) | 15.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · AGM Results: All 5 resolutions passed, related party deal of up to 200 Cr approved | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 41st AGM held Sep 8 2026; RPT of 200 Cr approved; MD and WTD reappointed for 5 years | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Newspaper publication of 41st AGM notice | compliance | minimal | — | — |
| 17 Aug 2026 · Notice of 41st AGM on September 8, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Kalyani Commercials Q1 FY27 Results, 200 Cr Related Party Deal Approved | results | high | — | — |
| 14 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 13 Aug 2026 · Kalyani Commercials Q1 FY27 results: profit falls 34% YoY | results | high | — | — |
| 13 Aug 2026 · Q1 FY27 Results and Rs 200 Cr Related Party Transaction Approved | results | high | — | — |
| 21 Jul 2026 · Corporate Governance Report Not Applicable for Q1 FY27 | compliance | minimal | — | — |
| 14 Jul 2026 · Kalyani Commercials clarifies EPS calculation error in FY25 results | regulatory legal | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 12 of 12 |
| 0% |
| Revenue growth | 20.1 | 20.1 | 6 of 11 | 50% |
| Market cap | 15 | 8147 | 12 of 12 | 0% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
