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About Kalyani Steels
Kalyani Steels Limited (KSL) is a part of the over $2.1 billion Kalyani Group. Established in 1973, Kalyani Steels is one of the leading manufacturers of special carbon and alloy steels, engineering and alloy steel ingots, blooms and billets conforming to international standards. The facilities at KSL are at par with any sophisticated steel manufacturers in the world. An ISO 9001-2000, ISO 14001 & TS 16949:2002 certified company. KSL operates its mines in Bellary region of Karnataka and the Captive coke plant is set up in Bellur Industrial Estate in Dharwad, Karnataka. All the above integrated operations make KSL a self reliant special steel manufacture.
During the year 1997, the company had set up its Ginegera Plant. The Company had entered into a technical and management consultancy contract with the Gulf Venture, Company at Doha, in the State of Qatar for processing scrap in the year 1979. In 1981, to manufacture 1, 00,000 sets of hydraulic air and air over hydraulic brakes and brake systems, the Company promoted a new company under the name and style of Kalyani Brakes Ltd in collaboration with Bendix Group of Companies, U.S.A. Chakrapani Investment & Trader Ltd and Suryamukhi Investment & Finance Ltd became wholly owned subsidiaries of the company in the year 1983. After two years, in 1985, Laddle Furnace Vacuum Degassing Equipment was installed in the company. Dandakaranya Investment & Trading Ltd., Dronacharya Investment & Trading Ltd., Hastinapur Investment & Trading Ltd., Cornflower Investment & Finance Ltd. and Campamela Investment & Finance Ltd. ceased to be subsidiaries with effect from 12th October of the year 1989. KSL embarked upon an integrated steel making project of 2, 90,000 tpa in the year 1995 at village Ginegera, dist. Raichur in Karnataka. In 1997, the company made a joint venture agreement with Carpenter Technology Corporation, USA for manufacture and marketing of speciality steels. The same joint venture had opened its first steel services centre in Pune district during the year 2000 to provide rapid delivery of stock anywhere throughout India. In 2004, the company had forged alliance with Gujarat NRE and also KSL had set up its Bharat NRE Coke at Dharwad.
The Company had commenced its Sirguppa operations in the year 2005 and also in the same year, KSL had started its Captive Power Plant at Ginegera. During the year 2006-07, Bharat NRE Coke Limited (BNCL), a company incorporated, in terms of an agreement between Kalyani Steels Limited (KSL) and Gujarat NRE Coke Limited (GNCL), had commissioned Stamp Charging Equipment at Dharwad and also in the same period KSL had entered into an Agreements, with SJK Steel Plant Limited (SJK Steel) and its Promoter and other shareholders to acquire substantial control of SJK Steel, through purchase of Equity and Preference Share Capital of SJK Steel, after restructuring of its capital as per Corporate Debt Restructuring Scheme (CDR Scheme) sanctioned by Financial Institutions / Banks and fulfillment of certain terms and conditions. In 2007, the company had acquired SJK Steel Plant at Tadipatri and also in the same year KSL had signed a Joint Venture Agreement with Gerdau S.A., Brazil to share the equity partnership of 45% each in SJK Steel Plant. The Kalyani Gerdau JV planned to enhance its capacity to 1.6 million TPA of finished steel in the next few years. KSL had inked a Memorandum of Understanding (MoU) with state industry and minerals officials for Rs 65 billion integrated steel and power project in West Bengal during February of the year 2008.
Parent Organisation
Kalyani
Managing Director
B N Kalyani
Founded
1973
NSE Symbol
KSL
Community Discussion
A
AngelOne
18th Jun, 2024
Kalyani Forge 20% and Hits Upper Circuit Today
The shares of Kalyani Forge have delivered a return of around 26% to its shareholders in the past 3 months.
Incorporated in 1979, Kalyani Forge Ltd manufactures high-quality hot-warm and cold-forged products. KFL is an engineering company with expertise in metal forming, including hot, warm, and cold forging. It manufactures close-tolerance, niche precision forging, fully machined, and sub-assembled products. The company also provides services such as product and process design, development, warehousing, door-to-door delivery, and validation support to its customers. Today the company experienced a significant surge in its share price.
At the start of the day’s trading session, the stock opened at Rs 472.20 per share, compared to the previous day’s closing figure of Rs 462.15 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 554.55 per share on the BSE. The stock has reached the upper circuit price limit of 20%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.
The company’s current market capitalization stands at Rs 201.75 crore, and the stock has generated an impressive return of around 129.53% in the past year.
Stock Price Chart (Weekly)
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Financial Performance
In Q4 FY24, the company reported revenue of Rs 56.82 crore compared to Rs 63.58 crore, representing a de-growth of 10.63% YoY. The company reported an operating profit of Rs 1.17 crore compared to a profit of Rs 0.50 crore in Q4 FY23. The company reported a net profit of Rs 0.71 crore in Q4 FY24 compared to a net loss of Rs 3.03 crore. Turning attention to the company’s annual performance, it reported revenue of Rs 237 crore compared to Rs 267 crore in FY23. The company reported an operating profit of Rs 14 crore. The company’s net profit stood at Rs 5 crore in FY24.
According to the shareholding pattern, the promoters of the company hold 58.71% while the public or retail investors hold the remaining 41.29%.
Investors must keep this stock on their radar.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Kalyani Steels Ltd FAQs
What is the share price of Kalyani Steels Ltd (KSL) shares?
Kalyani Steels Ltd (KSL) share price as of October 7, 2024, on NSE is Rs 808.8 (NSE) and Rs 808.8 (BSE) on BSE.
Can I buy Kalyani Steels Ltd (KSL) from Angel One?
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Kalyani Steels Ltd (KSL) share can be bought through the following modes:
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2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Kalyani Steels Ltd (KSL) shares.
1. Direct investment: You can buy Kalyani Steels Ltd (KSL) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Kalyani Steels Ltd (KSL) shares.
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