KALYANI

Kalyani Commercials Limited

Kalyani Commercials Limited (KALYANI) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Agricultural, Commercial & Construction Vehicles›Dealers-Commercial Vehicles, Tractors, Construction Vehicles

kalyanicommercials.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-08-28

Stock price
₹144.99
Market cap
15 Cr
Stock P/E
5.7
P/B
0.65
Dividend yield
10.6%
ROE (FY22)
17.3%
ROCE (FY22)
15.2%
Operating margin (FY22)
1.7%
Debt / equity (FY22)
1.70

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

A New Delhi-based company that earns almost all of its revenue from an automobiles segment, with revenue growing from ₹278 crore in FY24 to ₹587 crore in FY26.

Company snapshot

2ndBy market cap

Ranked among 2 companies in Dealers-Commercial Vehicles, Tractors, Construction Vehicles.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 98.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Automobiles
98.8%
135 Cr2 Cr105 Cr
Others
1.3%
2 Cr0.02 Cr1 Cr

What we see

Concerns
  • ✗Net margin is very thin at 1.0% — little room for error if costs rise.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales76 Cr77 Cr62 Cr58 Cr90 Cr137 Cr103 Cr95 Cr118 Cr181 Cr193 Cr85 Cr
Operating expenses (approx.)75 Cr76 Cr61 Cr57 Cr88 Cr135 Cr102 Cr93 Cr116 Cr179 Cr190 Cr83 Cr
EBITDA2 Cr1 Cr1 Cr1 Cr2 Cr2 Cr1 Cr2 Cr2 Cr2 Cr3 Cr2 Cr
OPM %2.2%1.7%1.8%2.2%1.9%1.6%1.0%1.7%1.9%1.3%1.6%2.4%
Other income0.06 Cr0.85 Cr0.29 Cr0.10 Cr0.09 Cr0.09 Cr1 Cr0.43 Cr0.45 Cr0.32 Cr1 Cr0.52 Cr
Interest0.92 Cr1 Cr0.91 Cr0.45 Cr0.75 Cr2 Cr1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr
Depreciation0.12 Cr0.12 Cr0.10 Cr0.07 Cr0.07 Cr0.07 Cr0.07 Cr0.08 Cr0.08 Cr0.08 Cr0.08 Cr0.07 Cr
Profit before tax0.71 Cr0.77 Cr0.44 Cr0.83 Cr1 Cr0.37 Cr1 Cr0.84 Cr0.24 Cr0.80 Cr2 Cr0.55 Cr
Tax %31.3%26.7%27.4%25.4%26.4%30.4%37.9%25.2%0.0%20.8%28.5%25.3%
Net profit0.49 Cr0.57 Cr0.32 Cr0.62 Cr0.74 Cr0.26 Cr0.72 Cr0.63 Cr0.24 Cr0.63 Cr1 Cr0.41 Cr
EPS (₹)₹4.86₹5.67₹3.19₹6.17₹7.36₹2.55₹55.48₹6.30₹1.24₹6.32₹12.40₹4.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales401 Cr228 Cr135 Cr230 Cr332 Cr278 Cr387 Cr587 CrSign in free for the trailing twelve months
Operating expenses (approx.)393 Cr222 Cr132 Cr225 Cr324 Cr272 Cr380 Cr578 CrSign in free for the trailing twelve months
EBITDA9 Cr5 Cr3 Cr4 Cr8 Cr6 Cr7 Cr9 CrSign in free for the trailing twelve months
OPM %2.2%2.4%1.9%1.9%2.3%2.2%1.8%1.6%Sign in free for the trailing twelve months
Other income0.30 Cr1 Cr0.35 Cr1 Cr0.25 Cr1 Cr2 Cr2 CrSign in free for the trailing twelve months
Interest8 Cr4 Cr1 Cr2 Cr3 Cr4 Cr5 Cr7 CrSign in free for the trailing twelve months
Depreciation0.69 Cr0.94 Cr0.63 Cr0.42 Cr0.41 Cr0.46 Cr0.28 Cr0.32 CrSign in free for the trailing twelve months
Profit before tax0.72 Cr1 Cr0.98 Cr3 Cr4 Cr3 Cr3 Cr4 CrSign in free for the trailing twelve months
Tax %24.2%21.6%35.6%24.4%28.5%27.7%30.6%26.2%Sign in free for the trailing twelve months
Net profit0.55 Cr0.88 Cr0.63 Cr2 Cr3 Cr2 Cr2 Cr3 CrSign in free for the trailing twelve months
EPS (₹)₹5.49₹9.55₹4.43₹24.88₹31.53₹23.63₹23.33₹26.72Sign in free for the trailing twelve months
Dividend payout %——0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Reserves7 Cr8 Cr8 Cr11 Cr14 Cr17 Cr19 Cr21 Cr
Borrowings61 Cr20 Cr32 Cr23 Cr44 Cr23 Cr52 Cr2 Cr
Other liabilities11 Cr4 Cr21 Cr35 Cr5 Cr7 Cr5 Cr99 Cr
Total liabilities79 Cr34 Cr63 Cr70 Cr65 Cr48 Cr77 Cr123 Cr
Fixed assets (net)5 Cr5 Cr4 Cr3 Cr3 Cr2 Cr2 Cr2 Cr
CWIP0.01 Cr————0 Cr0 Cr0 Cr
Investments4 Cr4 Cr4 Cr2 Cr3 Cr3 Cr0.81 Cr3 Cr
Inventories37 Cr7 Cr25 Cr26 Cr21 Cr21 Cr31 Cr56 Cr
Trade receivables30 Cr13 Cr14 Cr34 Cr36 Cr19 Cr29 Cr34 Cr
Cash & bank1 Cr0.72 Cr9 Cr0.49 Cr0.48 Cr1 Cr0.24 Cr5 Cr
Other assets1 Cr3 Cr6 Cr5 Cr2 Cr2 Cr13 Cr23 Cr
Total assets79 Cr34 Cr63 Cr70 Cr65 Cr48 Cr77 Cr123 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity——-2 Cr-0.78 Cr-18 Cr25 Cr-24 Cr-42 Cr
Cash from investing——0.50 Cr4 Cr-0.56 Cr0.27 Cr0.50 Cr2 Cr
Cash from financing——-10 Cr-12 Cr19 Cr-24 Cr24 Cr-33 Cr
Net cash flow——-10 Cr-9 Cr-0.01 Cr0.55 Cr0.25 Cr-73 Cr
Free cash flow (OCF − Capex)——-2 Cr-1 Cr-19 Cr24 Cr-24 Cr-42 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022
ROCE %11.3%18.8%14.3%15.2%
ROE %5.9%4.7%23.3%17.3%
Debtor days27212253
Inventory days—124041
Days payable643151
Cash conversion cycle21293143
OCF / EBITDA %n.m.—-5.8%n.m.
Debt / equity19.920.003.051.70
Current ratio1.011.301.131.12
Net debt / EBITDA7.400.00——