KICL

Kalyani Investment Company Limited

Investment holding company in the Kalyani group

Financial Services›Financial Services›Finance›Investment Company

kalyani-investment.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹4961.10
Market cap
2,161 Cr
Stock P/E
53.2
P/B
0.19
ROE (FY26)
0.3%
ROCE (FY26)
0.4%
Operating margin (FY26)
82.2%

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.

Loading price history…

Compare with peers

Loading peers…

What you need to know

KICL (Kalyani Investment Company) is a Pune-based investment holding company that earns mainly dividends, plus interest on fixed deposits and fair-value gains, from stakes in group companies, including a 31.36% stake in Hikal Limited.

Company snapshot

12thBy market cap

Ranked among 41 companies in Investment Company.

What we see

Positives
  • ✓Net margin of 47.1% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Statement tables · Consolidated

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
Net Interest Income————————————
Other income0 Cr0 Cr7 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Net operating income0 Cr0 Cr7 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Employee cost0.11 Cr0.11 Cr0.13 Cr0.12 Cr0.12 Cr0.13 Cr0.13 Cr0.12 Cr0.13 Cr0.21 Cr0.15 Cr0.14 Cr
Other expenses1 Cr1 Cr1 Cr0.65 Cr0.69 Cr5 Cr2 Cr3 Cr6 Cr2 Cr3 Cr2 Cr
Provisions & contingencies————————————
Depreciation0.03 Cr0.03 Cr0.02 Cr0.02 Cr0.03 Cr0.02 Cr0.01 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Profit before tax41 Cr8 Cr37 Cr6 Cr51 Cr6 Cr35 Cr-4 Cr27 Cr2 Cr24 Cr0.99 Cr
Tax %25.0%24.8%20.6%25.8%25.0%44.8%26.1%21.2%30.1%26.8%17.9%31.1%
Net profit31 Cr6 Cr29 Cr4 Cr38 Cr3 Cr26 Cr-3 Cr19 Cr2 Cr19 Cr0.68 Cr
EPS (₹)₹71.20₹13.93₹66.83₹9.54₹88.13₹7.41₹58.81₹-7.29₹43.36₹3.92₹44.23₹1.57

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income——————————Sign in free for the trailing twelve months
Other income10 Cr29 Cr0.0070 Cr1 Cr0 Cr0.03 Cr0.04 Cr7 Cr0 Cr0 CrSign in free for the trailing twelve months
Net operating income10 Cr29 Cr0.0070 Cr1 Cr0 Cr0.03 Cr0.04 Cr7 Cr0 Cr0 CrSign in free for the trailing twelve months
Employee cost0.94 Cr1 Cr1 Cr1 Cr2 Cr1 Cr0.44 Cr0.46 Cr0.49 Cr0.61 CrSign in free for the trailing twelve months
Other expenses1 Cr1 Cr2 Cr4 Cr2 Cr2 Cr3 Cr4 Cr9 Cr13 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation0.10 Cr0.10 Cr0.10 Cr0.10 Cr0.10 Cr0.10 Cr0.10 Cr0.10 Cr0.09 Cr0 CrSign in free for the trailing twelve months
Profit before tax28 Cr42 Cr61 Cr63 Cr46 Cr71 Cr77 Cr91 Cr97 Cr49 CrSign in free for the trailing twelve months
Tax %-0.0%0.1%0.1%24.1%25.5%19.8%24.7%23.2%26.6%24.8%Sign in free for the trailing twelve months
Net profit28 Cr42 Cr61 Cr48 Cr35 Cr57 Cr58 Cr70 Cr72 Cr37 CrSign in free for the trailing twelve months
EPS (₹)₹63.91₹95.85₹139.93₹110.05₹79.23₹130.97₹133.05₹160.48₹163.89₹84.23Sign 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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Reserves459 Cr501 Cr3,773 Cr2,004 Cr4,623 Cr5,346 Cr5,847 Cr8,300 Cr8,711 Cr11,387 Cr
Borrowings——————————
Other liabilities17 Cr0.23 Cr4 Cr45 Cr113 Cr115 Cr164 Cr474 Cr594 Cr1,043 Cr
Total liabilities480 Cr506 Cr3,781 Cr2,054 Cr4,741 Cr5,466 Cr6,015 Cr8,779 Cr9,310 Cr12,434 Cr
Fixed assets (net)0.82 Cr0.72 Cr0.63 Cr0.53 Cr0.43 Cr0.33 Cr0.24 Cr0.14 Cr0.05 Cr0.05 Cr
CWIP———0 Cr0 Cr0 Cr0 Cr0 Cr——
Investments479 Cr503 Cr—2,017 Cr4,684 Cr5,380 Cr5,888 Cr0 Cr9,063 Cr12,124 Cr
Cash & bank0.12 Cr2 Cr0.10 Cr0.17 Cr0.05 Cr0.07 Cr0.14 Cr0.09 Cr0.21 Cr0.14 Cr
Other assets0.16 Cr0.05 Cr3,780 Cr36 Cr57 Cr86 Cr127 Cr8,779 Cr246 Cr310 Cr
Total assets480 Cr506 Cr3,781 Cr2,054 Cr4,741 Cr5,466 Cr6,015 Cr8,779 Cr9,310 Cr12,434 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-0.13 Cr-15 Cr30 Cr1 Cr-23 Cr-9 Cr-4 Cr-12 Cr-16 Cr-18 Cr
Cash from investing0.09 Cr17 Cr-32 Cr-1 Cr23 Cr9 Cr4 Cr12 Cr16 Cr18 Cr
Cash from financing0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Net cash flow-0.03 Cr2 Cr-2 Cr0.07 Cr-0.12 Cr0.03 Cr0.07 Cr-0.05 Cr0.12 Cr-0.07 Cr
Free cash flow (OCF − Capex)————-23 Cr-9 Cr-4 Cr-12 Cr-16 Cr-18 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.0%8.3%1.6%3.2%1.0%1.3%1.3%1.1%1.1%0.4%
ROE %6.0%8.3%1.6%2.4%0.7%1.1%1.0%0.8%0.8%0.3%
Debtor days———0000———
Inventory days———0000000
Days payable——2———————
Cash conversion cycle——-20000000
Debt / equity———0.00——————
Current ratio0.1213.71————————
Net debt / EBITDA-0.0064—-0.0016-0.0048-0.0099-0.0026-0.0027-0.0014-0.0030-0.0022