Kalyani Forge Limited — PPTs, 28-05-2025: Investor Presentation

1. Financial Highlights:

Kalyani Forge posted Q4 revenue near Rs. 60 Cr, with EBITDA of Rs. 6.74 Cr and PAT of Rs. 2.23 Cr. EBITDA margin improved to 11.4%, reflecting steady profitability. FY25 revenue was Rs. 239.2 Cr, EBITDA Rs. 26.5 Cr, and PAT Rs. 8.3 Cr, marking their highest profit in a decade. Capex for FY25 stood at Rs. 24.4 Cr, with Rs. 25 Cr planned for FY26 focusing on modernization. The share price hit a record Rs. 890, underpinned by consistent dividend growth.

2. Strategic Initiatives & Growth Drivers:

The company is advancing operational efficiency through its Forging Modernization Program and machine recon projects. Thirteen “Vriddhi Council” initiatives aim at cost reduction, improved productivity, and margin expansion. Digitization efforts include enhanced ERP (SAP) controls, with capex directed to growth and profitability enhancement.

3. Business Developments:

New order wins reached a record Rs. 115 Cr, featuring two machined connecting rod programs starting production. Kalyani Forge secured new automotive export orders and received a Mahindra award for rapid development, highlighting strong OEM relations. Expansion into high-value machined components remains a priority.

4. Market Position & Competitive Advantage:

Operating five plants with 1,000+ employees, Kalyani Forge boasts deep expertise in forged components for trucks, cars, engines, and agri-machinery. Long-standing OEM partnerships, diversified product offerings, and automotive compliance underpin its competitive edge and scale.

5. Investor Implications:

Strong order book, focused capex, and margin improvement initiatives signal positive growth potential. Steady execution and strategic product focus help mitigate cyclical risks. Investors should watch modernization progress and new order scale-up to sustain profitability and cash flow.