Kalana Ispat Ltd.

•

kalanaispat.comBSE: -NSE: KALANA

Market Cap₹ 30 Cr.

Current Price

High / Low₹ 45 / 15

Stock P/E30.6

Book Value₹ 31

Price to Book0.60

Dividend Yield0.00 %

ROCE3.5 %

ROE2.2 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)
Working capital cycle has improved - days down from 178 to 85
Company comfortably covers its interest (6.7x coverage)

CONS

A large part of profit comes from other income (77.6% of PBT)
Operating cash flow has been negative in recent years
Company has a low return on capital employed of 11.8%
Equity base is being diluted - shares outstanding up 1203.9%
Company has delivered a poor sales growth of 3.9% over past five years
Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1306.00	12.89	319376.29	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.60	20.77	229196.25	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	196.35	18.98	81102.86	1.20	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2522.00	28.81	66528.00	0.20	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2217.80	50.10	61579.08	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	733.55	18.62	60475.30	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1072.40	26.65	29934.10	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	309.55	30.29	19795.98	0.65	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2629.05	42.57	18427.54	0.38	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	490.90	15.31	17298.40	0.41	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	239.75	20.01	16140.90	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	KALANA	20.25	30.57	29.57	0.00	—	—	—	—	3.50	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	43	58	83	74	55	52
	42	57	82	70	54	51
Operating Profit	1	1	2	4	2	2
OPM %	2	1	2	5	4	4
Other Income	0	0	0	0	1	1
Interest	0	0	1	0	0	0
Depreciation	0	0	0	0	0	1
	0	0	1	3	2	1
Tax %	41	28	26	28	30	29
Net Profit	0	0	1	2	1	1
EPS	1	1	5	3	1	1
Dividend Payout %	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	0	0	1	3	1	1

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 4%
3 Years:: -15%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 48%
3 Years:: 25%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -57%

RETURN ON EQUITY

10 Years:: —
5 Years:: 11%
3 Years:: 13%
Last Year:: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-
Equity Capital	1	1	1	8	13	13
	3	3	3	3	30	31
	2	3	9	5	2	2
Trade Payables	6	5	2	2	1	3
	1	1	1	2	2	2
Total Liabilities	13	13	16	19	48	50
ASSETS	-	-	-	-	-	-
	5	4	4	4	5	12
Capital Work in Progress	0	0	0	0	5	16
	2	4	9	5	3	4
	0	0	0	6	2	2
Cash & Bank	3	1	1	1	19	3
	3	4	2	2	13	13
Total Assets	13	13	16	19	48	50
Total Debt	3	3	9	5	3	2
Net Working Capital	-0	0	1	8	27	12
Contingent Liabilities	1	1	1	1	1	1
Book Value per Share	37.59	38.96	43.97	13.33	33.00	33.74
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	-2	-5	-0	5	-0
Cash from Investing	0	0	-0	0	-15	-16
Cash from Financing	0	-0	5	-0	29	-1
	3	-2	1	-0	18	-17
Free Cash Flow	2	-2	-5	-0	-1	-19
OCF / Net Profit	16.43	-16.42	-9.33	-0.02	4.16	-0.26
Cumulative 5-Year FCF	0	0	0	0	0	-28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	1.36	1.37	5.01	2.90	0.93	0.74
Book Value (₹)	37.59	38.96	43.97	13.33	33.00	33.74
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.98	0.96	1.58	3.37	1.21	1.21
PROFITABILITY
Operating Margin %	1.56%	1.22%	1.62%	5.06%	2.73%	2.23%
Net Margin %	0.27%	0.20%	0.51%	3.19%	2.19%	1.87%
ROE %	3.62%	3.57%	12.08%	30.96%	4.50%	2.22%
ROCE %	6.19%	6.94%	12.65%	25.12%	6.72%	3.50%
	1.02%	1.05%	3.48%	13.43%	3.63%	1.97%
EFFICIENCY
Debtor Days	13	9	5	18	28	15
Inventory Days	15	15	23	35	28	27
Payable Days	59	39	18	12	11	15
	-30	-15	10	42	45	27
FINANCIAL HEALTH
Debt to Equity (x)	0.70x	0.67x	1.96x	0.43x	0.06x	0.05x
Interest Coverage (x)	2.43x	1.73x	2.22x	11.40x	6.38x	6.65x
	0.97x	1.03x	1.07x	1.99x	7.55x	3.38x
GROWTH
Revenue Growth %	0.00%	34.72%	43.79%	-11.21%	-25.14%	-6.07%
Operating Profit Growth %	0.00%	5.12%	91.01%	149.26%	-38.86%	-8.31%
Net Profit Growth %	0.00%	0.29%	266.69%	369.67%	-48.51%	-20.16%
	0.00%	0.00%	0.00%	-42.02%	-68.01%	-20.16%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	51.18x	27.43x
P/B (x)	0.00x	0.00x	0.00x	0.00x	1.44x	0.60x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	2.94x	18.69x	11.79x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	62.13	62.13	62.91	62.91
	0.41	0.00	0.00	0.00
	0.14	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00
	37.32	37.87	37.09	37.09

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for KALANA

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Kalana Ispat Ltd.

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Name

JSWSTEEL

1306.00

12.89

319376.29

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

183.60

20.77

229196.25

2.18

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

196.35

18.98

81102.86

1.20

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2522.00

28.81

66528.00

0.20

1047.88

200.11

4081.12

14.91

23.94

32.17

APLAPOLLO

2217.80

50.10

61579.08

0.38

263.11

10.94

5606.71

12.07

31.83

7.34

JSL

733.55

18.62

60475.30

0.55

768.66

7.56

11278.54

10.50

19.19

12.09

SHYAMMETL

1072.40

26.65

29934.10

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

309.55

30.29

19795.98

0.65

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2629.05

42.57

18427.54

0.38

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

490.90

15.31

17298.40

0.41

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

239.75

20.01

16140.90

0.42

222.37

2.75

1750.47

32.29

20.20

19.36

KALANA

20.25

30.57

29.57

0.00

—

3.50

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Operating Profit

OPM %

Other Income

Interest

Depreciation

Tax %

Net Profit

EPS

Dividend Payout %

Minority Interest

Share of Associates

Adjusted EPS

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

Trade Payables

Total Liabilities

ASSETS

Capital Work in Progress

Cash & Bank

Total Assets

Total Debt

Net Working Capital

-0

Contingent Liabilities

Book Value per Share

37.59

38.96

43.97

13.33

33.00

33.74

Face Value

10.00

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2

-5

-0

Cash from Investing

-0

-15

-16

Cash from Financing

-0

-1

-2

-0

-17

Free Cash Flow

-2

-5

-0

-1

-19

OCF / Net Profit

16.43

-16.42

-9.33

-0.02

4.16

-0.26

Cumulative 5-Year FCF

-28

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

1.36

1.37

5.01

2.90

0.93

0.74

Book Value (₹)

37.59

38.96

43.97

13.33

33.00

33.74

Dividend per Share (₹)

0.00

Cash EPS (₹)

0.98

0.96

1.58

3.37

1.21

PROFITABILITY

Operating Margin %

1.56%

1.22%

1.62%

5.06%

2.73%

2.23%

Net Margin %

0.27%

0.20%

0.51%

3.19%

2.19%

1.87%

ROE %

3.62%

3.57%

12.08%

30.96%

4.50%

2.22%

ROCE %

6.19%

6.94%

12.65%

25.12%

6.72%

3.50%

1.02%

1.05%

3.48%

13.43%

3.63%

1.97%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

-30

-15

FINANCIAL HEALTH

Debt to Equity (x)

0.70x

0.67x

1.96x

0.43x

0.06x

0.05x

Interest Coverage (x)

2.43x

1.73x

2.22x

11.40x

6.38x

6.65x

0.97x

1.03x

1.07x

1.99x

7.55x

3.38x

GROWTH

Revenue Growth %

0.00%

34.72%

43.79%

-11.21%

-25.14%

-6.07%

Operating Profit Growth %

0.00%

5.12%

91.01%

149.26%

-38.86%

-8.31%

Net Profit Growth %

0.00%

0.29%

266.69%

369.67%

-48.51%

-20.16%

0.00%

-42.02%

-68.01%

-20.16%

VALUATION

P/E (x)

0.00x

51.18x

27.43x

P/B (x)

0.00x

1.44x

0.60x

Dividend Yield %

0.00%

0.00x

2.94x

18.69x

11.79x

Sep 2024

Mar 2025

Sep 2025

Mar 2026

62.13

62.91

0.41

0.00

0.14

0.00

Government

0.00

37.32

37.87

37.09

Kalana Ispat Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Kalana Ispat Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI