Kalyani Forge Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kalyani Forge reported Q4 revenue of ₹59.34 Cr, up from ₹56.82 Cr YoY, with EBITDA at ₹6.74 Cr (11.4% margin) and PAT rising sharply to ₹2.23 Cr versus ₹0.71 Cr last year. FY25 revenue was steady at ₹239.2 Cr, while PAT doubled to ₹8.3 Cr, driven by operational efficiency and a better sales mix. New order wins hit a record ₹115 Cr, supporting growth. Exports grew ~11% to ₹48 Cr (~20% of revenue), targeting 50%. CapEx was ₹24.4 Cr in FY25, with ₹25 Cr planned for FY26 to modernize presses and expand machining. Management targets 15% EBITDA margin and is considering an equity raise. Capacity utilization stands at 50-60% with room for expansion. Entry into defence projects and EV products adds strategic growth. Dividend raised to ₹4/share. Focus remains on profitable growth through strong execution and disciplined CapEx.