MarketFriction

Kalana Ispat Ltd

NSE KALANA · Iron & Steel Products
₹18.50 +3.06%
NSE close2026-10-01
52 week range15.10 - 35.80
Market cap₹23.3 Cr.
P/E24.1
IPO 2024 · -72% since Price band 5% Delivery 100.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales30.7742.9527.6227.5724.8726.97
Expenses29.2740.7126.3527.3425.1625.51
Operating Profit1.502.241.270.23-0.291.46
OPM %4.87%5.22%4.60%0.83%-1.17%5.41%
Other Income0.030.180.010.900.640.41
Interest0.240.070.160.160.130.12
Depreciation0.190.190.180.180.210.40
Profit before tax1.102.160.940.790.011.35
Tax %25.45%28.70%25.53%35.44%100.00%28.89%
Net Profit0.821.530.710.500.010.96
EPS in Rs8.201.890.540.380.010.74
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales42.8757.7583.0473.7355.1951.84
Expenses42.2057.1081.7770.0053.6950.69
Operating Profit0.670.651.273.731.501.15
OPM %1.56%1.13%1.53%5.06%2.72%2.22%
Other Income0.120.180.320.220.911.06
Interest0.160.260.560.310.320.24
Depreciation0.390.380.350.380.360.61
Profit before tax0.240.190.683.261.731.36
Tax %37.50%15.79%25.00%27.61%29.48%29.41%
Net Profit0.140.150.502.351.210.97
EPS in Rs1.401.505.002.900.930.74
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%4%-15%-6%
Compounded Profit Growth%47%25%-20%
Stock Price CAGR%%%-47%
Return on Equity%6%6%2%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1.001.001.008.1013.0413.04
Reserves2.762.923.402.7029.9930.96
Borrowings2.622.618.624.612.592.12
Other Liabilities6.936.143.153.442.304.03
Total Liabilities13.3112.6716.1718.8547.9250.15
Fixed Assets4.504.124.043.684.6112.44
CWIP0.000.000.000.005.1815.58
Investments0.000.000.000.000.000.00
Other Assets8.818.5512.1315.1738.1322.13
Total Assets13.3112.6716.1718.8547.9250.15
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2.24-2.24-4.68-0.045.04-0.25
Cash from Investing Activity0.210.05-0.210.02-15.37-15.94
Cash from Financing Activity0.21-0.285.46-0.2728.68-0.72
Net Cash Flow2.66-2.480.57-0.2818.34-16.91
Free Cash Flow2.39-2.24-4.95-0.06-1.44-16.07
CFO/OP339%-345%-368%6%385%20%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days15.5810.495.6330.6414.5514.86
Inventory Days21.1026.0542.7032.0324.7838.26
Days Payable58.6937.2211.229.657.9421.83
Cash Conversion Cycle-22.00-0.6737.1153.0231.3931.29
Working Capital Days-30.48-3.48-2.5531.8849.2767.66
ROCE %6.97%12.69%25.11%6.72%3.49%
Sep 2024Mar 2025Sep 2025Mar 2026Aug 2026
Promoters62.13%62.13%62.91%62.91%66.88%
FIIs0.41%0.00%0.00%0.00%0.00%
DIIs0.14%0.00%0.00%0.00%0.00%
Public37.32%37.87%37.09%37.09%33.12%
No. of Shareholders2,0661,4571,3371,2761,276

Fundamentals

Market Cap₹ 23.3 Cr.
Current Price₹ 17.9
Stock P/E24.1
Book Value₹ 33.7
ROCE3.49 %
ROE2.23 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)-20%
Standalone figures.
Valuation
Market capRs 24 Cr
Enterprise valueRs 26 Cr
P/E (TTM)160.82x
Price to book6.15x
Price to sales0.42x
EV / EBITDA31.23x
EV / EBIT57.61x
EV / sales0.45x
Earnings yield0.62%
Profitability
Operating margin (excl. other income)1.13%
Operating margin (incl. other income)1.44%
EBITDA margin1.44%
Pre-tax margin0.33%
Net profit margin0.26%
ROE3.91%
ROCE6.97%
ROA1.15%
ROIC (approx.)6.62%
Tax rate15.79%
Other income / net worth4.59%
Growth
Sales growth (latest year)34.71%
Profit growth (latest year)7.14%
Per share
EPS (TTM)Rs 0.12
EPS (latest year)Rs 1.50
Book value per shareRs 3.01
Sales per shareRs 44.29
Cash flow per shareRs -1.72
Free cash flow per shareRs -12.32
Efficiency
Asset turnover4.56x
Fixed asset turnover14.02x
Inventory turnover15.53x
Inventory days23 days
Debtor days10 days
Debtors turnover34.79x
Creditor days22 days
Cash conversion cycle31 days
Working capital days68 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 1 Cr
Net debtRs 2 Cr
Debt to equity0.67x
Net debt / EBITDA2.17x
Interest coverage1.73x
Owners' fund to total sources30.94%
Debt to assets20.60%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -16 Cr
FCFE (approx.: FCF + change in debt)Rs -16 Cr
Cash from ops / profit, 5 years-0.42x
Statement figures
Net sales (TTM)Rs 58 Cr
Net sales (latest year)Rs 58 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 57 Cr
Total expenditure (latest year)Rs 57 Cr
Total income (latest year)Rs 58 Cr
Share capitalRs 1 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 13 Cr
Net blockRs 4 Cr
ReceivablesRs 2 Cr
InventoryRs 4 Cr
Other liabilitiesRs 6 Cr
Shares outstanding (crore)1.30
Ownership
Promoter holding66.88% (+4.75 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodKALANANifty 50Difference
1 week-3.1%-2.8% -0.4 pts
1 month-25.1%-6.8% -18.3 pts
3 months-2.1%-7.6% +5.5 pts
6 months+16.4%+0.4% +15.9 pts
1 year-57.0%-9.9% -47.1 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 0% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 19% of total assets in 2026
lookProfit leans on other income Other income was 95% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹27 Cr -37.2% vs Mar 2024. Net profit ₹1 Cr -37.3%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Kalana Ispat Ltd?

Kalana Ispat Ltd (KALANA) has a market capitalisation of Rs 23.3 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kalana Ispat Ltd?

Kalana Ispat Ltd trades at a P/E of 24.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kalana Ispat Ltd's latest quarterly results?

In the Mar 2026 quarter, Kalana Ispat Ltd sales was Rs 27 Cr (-37.2% vs Mar 2024) and net profit was Rs 1 Cr.

What is the 52-week high and low of Kalana Ispat Ltd?

The 52-week high is Rs 35.80 and the 52-week low is Rs 15.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03