MarketFriction

Kennametal India Ltd

NSE KENNAMET · BSE 505890 · Industrial Products
₹4,277.50 +3.55%
NSE close2026-10-01
52 week range2,405.20 - 5,136.00
Market cap₹8,878 Cr.
P/E45.3
Price band 20% Delivery 34.5%

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 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales258271269302270287290323296334403478
Expenses223228224254228246250274243289326349
Operating Profit3543454942414049534577129
OPM %14%16%17%16%16%14%14%15%18%13%19%27%
Other Income2218333442242
Interest000000000000
Depreciation101111111211121212121212
Profit before tax2633524034323341433569118
Tax %35%25%26%24%26%31%26%24%28%31%26%25%
Net Profit172538302522243131245189
EPS in Rs7.7811.3317.4313.7911.3710.1011.1014.2414.2911.1023.3940.40
Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025Jun 2026
Sales5705706527939276418119911,0771,1001,1701,511
Expenses5105245946927915806918129269299981,207
Operating Profit60465810113661120179152171172304
OPM %11%8%9%13%15%10%15%18%14%16%15%20%
Other Income129001415895241411
Interest000001000100
Depreciation262428282834383639444648
Profit before tax463130731224089153118151140266
Tax %28%32%20%28%29%20%26%25%25%27%27%26%
Net Profit3421245286326711488110103196
EPS in Rs15.259.4411.0923.8039.2714.7930.3051.9239.9050.2846.8289.18
Dividend Payout %13%21%18%8%5%0%66%46%50%60%86%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%13%12%29%
Compounded Profit Growth25%24%32%105%
Stock Price CAGR20%24%15%93%
Return on Equity15%17%17%24%
Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025Jun 2026
Equity Capital222222222222222222222222
Reserves340355372417497528551624666712725832
Borrowings00001013003322
Other Liabilities117130144199226125191184160191217409
Total Liabilities4785075376387556887658308519279671,265
Fixed Assets101107146154184247225215275294273282
CWIP6163216732527734887
Investments0051002200000
Other Assets371383338462504408486538542626685976
Total Assets4785075376387556887658308519279671,265
Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025Jun 2026
Cash from Operating Activity6117776384281554911611414518
Cash from Investing Activity-17-42-45-55-139-32-24-48-45-23-4-48
Cash from Financing Activity-5-5-5-542-57-53-45-67-89-89
Net Cash Flow38-30272-51-273-51262452-118
Free Cash Flow43-26273-25-33129-166986116-35
CFO/OP134%82%143%65%89%71%144%49%97%84%93%24%
Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025Jun 2026
Debtor Days717662665746515048595965
Inventory Days115137114136150208173195149168172280
Days Payable7586899293608675466865127
Cash Conversion Cycle11112787109114194138170151160166219
Working Capital Days79905757689662888210188122
ROCE %11%8%9%20%25%8%16%25%17%19%18%33%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs0.87%0.98%0.96%1.00%0.91%0.93%0.88%0.93%0.87%0.38%0.35%0.23%
DIIs13.04%13.17%13.45%13.56%13.54%13.71%13.72%13.78%13.95%14.19%14.04%13.33%
Public11.09%10.85%10.58%10.43%10.55%10.35%10.41%10.30%10.18%10.43%10.60%11.43%
No. of Shareholders14,14413,43811,52710,99311,03610,97311,11611,73411,49311,20111,02312,110

Fundamentals

Market Cap₹ 8,878 Cr.
Current Price₹ 4,040
Stock P/E45.3
Book Value₹ 388
ROCE33.2 %
ROE24.5 %
Dividend Yield0.99 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)29%
Compounded Profit Growth (TTM)105%
Standalone figures.
Valuation
Market capRs 9,401 Cr
Enterprise valueRs 9,356 Cr
P/E (TTM)47.97x
Price to book11.01x
Price to sales6.22x
EV / EBITDA29.75x
EV / EBIT35.09x
EV / sales6.19x
Price to cash flow513.73x
Earnings yield2.08%
P/E, 3-year average57.81x
P/B, 3-year average8.39x
P/E, 5-year average54.51x
P/B, 5-year average7.90x
Profitability
Operating margin (excl. other income)20.10%
Operating margin (incl. other income)20.82%
EBITDA margin20.82%
Pre-tax margin17.63%
Net profit margin12.97%
Net margin, latest quarter18.59%
ROE24.48%
ROCE33.21%
ROA17.57%
ROE, 3-year average17.98%
ROCE, 3-year average24.47%
ROA, 3-year average13.62%
ROE, 5-year average17.16%
ROCE, 5-year average23.21%
ROA, 5-year average13.12%
ROIC (approx.)24.27%
Tax rate26.40%
Other income / net worth1.27%
Growth
Sales growth (latest year)29.09%
Profit growth (latest year)90.48%
Sales CAGR, 3 years11.94%
Sales CAGR, 5 years13.24%
Profit CAGR, 3 years30.74%
Profit CAGR, 5 years24.10%
Sales growth QoQ18.48%
Profit growth QoQ72.76%
Sales growth YoY (latest quarter)47.68%
Profit growth YoY (latest quarter)183.71%
Per share
EPS (TTM)Rs 89.18
EPS (latest quarter)Rs 40.40
EPS, 3-year averageRs 48.55
EPS, 5-year averageRs 47.23
Book value per shareRs 388.43
Sales per shareRs 687.36
Cash flow per shareRs 8.33
Free cash flow per shareRs -15.92
Dividend per share, 3-year averageRs 35.03
Dividend per share, 5-year averageRs 28.53
Dividends
Dividend payout, 3-year average72.62%
Dividend payout, 5-year average60.42%
Efficiency
Asset turnover1.19x
Fixed asset turnover5.35x
Inventory turnover1.30x
Inventory days280 days
Debtor days65 days
Debtors turnover5.61x
Creditor days127 days
Cash conversion cycle219 days
Working capital days122 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 47 Cr
Net debtRs -45 Cr
Debt to equity0.00x
Net debt / EBITDA-0.14x
Interest coverage888.67x
Owners' fund to total sources67.49%
Debt to assets0.15%
Cash flow
Cash from Operating Activity (latest year)Rs 18 Cr
Cash from Investing Activity (latest year)Rs -48 Cr
Cash from Financing Activity (latest year)Rs -89 Cr
Net Cash Flow (latest year)Rs -118 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs -36 Cr
Cash from ops / profit, 5 years0.72x
Sales to cash flow82.55x
Statement figures
Net sales (TTM)Rs 1,511 Cr
Net sales (latest year)Rs 1,511 Cr
Sales (latest quarter)Rs 478 Cr
Operating profit excl. other income (latest year)Rs 304 Cr
Operating profit (latest quarter)Rs 129 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 314 Cr
PBDT (TTM)Rs 314 Cr
Profit before tax (TTM)Rs 266 Cr
Tax (latest year)Rs 70 Cr
Net profit (TTM)Rs 196 Cr
Net profit (latest year)Rs 196 Cr
Net profit (latest quarter)Rs 89 Cr
Depreciation (TTM)Rs 48 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 793 Cr
Total expenditure (latest year)Rs 1,207 Cr
Total income (latest year)Rs 1,522 Cr
Share capitalRs 22 Cr
ReservesRs 832 Cr
Shareholders' fundsRs 854 Cr
Total assetsRs 1,265 Cr
Net blockRs 282 Cr
Capital work in progressRs 7 Cr
ReceivablesRs 269 Cr
InventoryRs 609 Cr
Other liabilitiesRs 409 Cr
Shares outstanding (crore)2.20
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 48.0 is at the 43th percentile of its own 6.8-year range (median 50.2, low 18.0, high 98.2).
P/B 11.01 is at the 98th percentile (median 5.19).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKENNAMETNifty 50Difference
1 week+0.3%-2.8% +3.0 pts
1 month-6.2%-6.8% +0.6 pts
3 months+46.5%-7.6% +54.1 pts
6 months+61.6%+0.4% +61.2 pts
1 year+99.4%-9.9% +109.3 pts
2 years+107.4%-13.6% +121.0 pts
3 years+60.0%+14.2% +45.8 pts
5 years+214.5%+27.9% +186.6 pts
15 mutual fund schemes hold about ₹1,096 Cr. Over three months 2 bought more and 11 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Multi Cap Fund1.44%808 -10%
SBI MNC Fund1.96%132 -23%
HSBC Infrastructure Fund2.53%62 -2%
LIC MF Multi Cap Fund1.01%23 -11%
Helios Small Cap Fund1.44%21 +100%
LIC MF Small Cap Fund2.19%18 -12%
LIC MF Infra Fund1.35%16 -5%
LIC MF Manufacturing Fund1.81%14 -2%
iSIF Equity Long-Short Fund0.47%2 +100%
Motilal Oswal BSE 1000 Index Fund0.01%0 -6%
ICICI Pru MNC Fund0.00%0 -100%
ICICI Pru Small Cap Fund0.00%0 -100%
ICICI Pru Children's Fund0.00%0 -100%
SBI Infrastructure Fund0.00%0 -100%
ICICI Pru Small Cap Fund0.00%0 -100%

Red flags

F-score 6 of 8
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
lookInventory outrunning sales Inventory grew 106% vs sales +29% 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

Jun 2026
Sales ₹478 Cr +48.0% vs Jun 2025. Net profit ₹89 Cr +187.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-05-15Interim Dividend - Rs 40 Per Share
2023-11-03Annual General Meeting
2023-05-25Interim Dividend - Rs 20 Per Share
2022-11-03Annual General Meeting
2022-05-24Interim Dividend - Rs 24 Per Share
2021-11-02 Annual General Meeting
2021-05-24 Interim Dividend - Rs 20 Per Share
2020-11-02 Annual General Meeting
2019-10-31 Annual General Meeting
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.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of Kennametal India Ltd?

Kennametal India Ltd (KENNAMET) has a market capitalisation of Rs 8,878 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kennametal India Ltd?

Kennametal India Ltd trades at a P/E of 45.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kennametal India Ltd's latest quarterly results?

In the Jun 2026 quarter, Kennametal India Ltd sales was Rs 478 Cr (+48.0% vs Jun 2025) and net profit was Rs 89 Cr.

What is the 52-week high and low of Kennametal India Ltd?

The 52-week high is Rs 5,136.00 and the 52-week low is Rs 2,405.20.

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