Kalyani Forge (KALYANIFRG) Share Price Falls 8.74% to Rs 990.10
- September 2, 2026
- Posted by: Harsh Piplani
- Category: News
Kalyani Forge Share Price fell to Rs 990.10 on 02 September 2026, down 8.74% for the day. The Micro Cap company’s market capitalisation stood at Rs 394.7 crore. The stock opened at Rs 1,089.95 and moved lower through the session range, making it one of the more closely watched moves in the forgings space.
The supplied data confirms a same-day decline of Rs 94.85 from the previous close of Rs 1,084.95, with the stock touching an intraday low of Rs 976.50. Turnover stood at Rs 0.36 crore. While the move is sharp enough to draw market attention, the verified data does not establish any company-specific catalyst for the weakness. That means the most useful way to read the move is through confirmed numbers: price action, valuation, profitability ratios, and comparisons with listed peers in Automobile & Ancillaries and the Forgings industry.
Kalyani Forge (KALYANIFRG) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 990.1 |
| Previous Close | Rs 1,084.95 |
| Today's Move | -Rs 94.85 (-8.74%) |
| Open | Rs 1,089.95 |
| High | Rs 1,089.95 |
| Low | Rs 976.5 |
| Turnover | Rs 0.36 crore |
| Market Capitalisation | Rs 394.7 crore |
| Market Cap Category | Micro Cap |
Kalyani Forge Share Price Today reflects a sharp reset from the opening level. The stock started at Rs 1,089.95, which was also the day’s high, and then fell to Rs 976.50 before trading at Rs 990.10. That leaves it down Rs 94.85, or 8.74%, from the previous close of Rs 1,084.95.
The pattern is notable because the opening price and intraday high were the same, showing there was no upward follow-through after the market opened. Instead, the stock weakened across an intraday band of Rs 113.45 between the high and low. In a relatively small Micro Cap counter, turnover of Rs 0.36 crore still indicates visible participation, and such stocks can see sharper intraday swings than larger, more liquid names.
Kalyani Forge (KALYANIFRG) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 394.7 crore |
| P/E Ratio | 31.86x |
| P/B Ratio | 3.9x |
| ROE | 9.69% |
| ROCE | 12.26% |
| EPS | Rs 34.05 |
| Book Value Per Share | Rs 278.14 |
| Dividend Yield | 0.37% |
Kalyani Forge Fundamental Analysis shows a company valued at Rs 394.7 crore with a price-to-earnings ratio of 31.86 and a price-to-book ratio of 3.9. Both are above the industry medians in the supplied benchmark, which means the stock was not trading at the lower end of sector valuations before today’s decline.
Profitability metrics are positive but moderate. Return on equity is 9.69%, while return on capital employed is 12.26%. EPS stands at Rs 34.05 and book value per share at Rs 278.14. The dividend yield is 0.37%, which offers historical payout context but should not be read as a forward assurance.
Put together, the data shows earnings support and positive return ratios, but not clear outperformance versus the sector benchmark. That makes valuation context important when investors assess the stock after a sharp move lower.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Automobile & Ancillaries |
| Industry | Forgings |
| Benchmark Scope | same industry |
| Company P/E Ratio | 31.86x |
| Benchmark Median P/E | 27.3x |
| Benchmark Average P/E | 50.22x |
| Benchmark P/E Range | 9.16x to 145.14x |
| Company P/B Ratio | 3.9x |
| Benchmark Median P/B | 3.51x |
| Benchmark Average P/B | 5.13x |
| Company ROE | 9.69% |
| Benchmark Median ROE | 11.75% |
| Benchmark Average ROE | 15.71% |
| Company ROCE | 12.26% |
| Benchmark Median ROCE | 12.47% |
| Benchmark Average ROCE | 17.26% |
| Company Market Capitalisation | Rs 394.7 crore |
| Benchmark Median Market Cap | Rs 152.2 crore |
| Benchmark Average Market Cap | Rs 7,518.44 crore |
The company operates in Automobile & Ancillaries, specifically the Forgings industry, and the benchmark covers 20 same-industry companies. That gives a useful frame for judging whether the present valuation is conservative, average, or demanding relative to comparable listed businesses.
The company’s P/E of 31.86 is above the industry median of 27.3 but below the average of 50.22. The range is wide, from 9.16 to 145.14 across 19 companies with available P/E data. On P/B, the stock stands at 3.9, slightly above the median of 3.51 but below the average of 5.13, within a range of 0.59 to 18.69 across 20 companies.
Profitability is slightly softer than the benchmark centre. ROE of 9.69% is below the industry median of 11.75% and below the average of 15.71%. ROCE of 12.26% is just under the median of 12.47% and below the average of 17.26%. On size, market capitalisation of Rs 394.7 crore is above the median of Rs 152.2 crore but far below the average of Rs 7,518.44 crore because the peer set includes much larger names. For anyone tracking Kalyani Forge Share Price, this suggests a stock valued above median earnings multiples without matching strength on return ratios.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Bharat Forge | BHARATFORG | 98,199.41 | 139.11 | 10.35 | 11.58 | 12.46 |
| Happy Forgings | HAPPYFORGE | 22,763.21 | 69.76 | 10.32 | 15.23 | 18.19 |
| Ramkrishna Forgings | RKFORGE | 13,537.05 | 128.46 | 4.15 | 2.31 | 5.56 |
| Balu Forge Industries | BALUFORGE | 7,662.26 | 28.17 | 4.55 | 27.3 | 31.33 |
| MM Forgings | MMFL | 3,137.1 | 18.68 | 3.13 | 10.56 | 9 |
Peer comparison shows how small the company is versus larger forgings names. At Rs 394.7 crore, its market capitalisation is far below Bharat Forge at Rs 98,199.41 crore, Happy Forgings at Rs 22,763.21 crore, Ramkrishna Forgings at Rs 13,537.05 crore, Balu Forge Industries at Rs 7,662.26 crore and MM Forgings at Rs 3,137.1 crore. That size difference can materially affect liquidity and volatility.
On valuation, the company’s P/E of 31.86 is lower than Bharat Forge, Happy Forgings and Ramkrishna Forgings, but higher than Balu Forge Industries and MM Forgings. Its P/B of 3.9 is below Bharat Forge and Happy Forgings, close to Ramkrishna Forgings, below Balu Forge, and above MM Forgings.
Profitability is mixed in the peer set. ROE of 9.69% is below Bharat Forge, Happy Forgings, Balu Forge and MM Forgings, but above Ramkrishna Forgings. ROCE of 12.26% is close to Bharat Forge, above Ramkrishna Forgings and MM Forgings, but below Happy Forgings and Balu Forge. In short, Kalyani Forge Share Price is not attached to either the cheapest or the highest-returning profile in this group.
Why Investors Are Watching Kalyani Forge
- Kalyani Forge Share Price declined 8.74% to Rs 990.10 in a single session.
- The stock opened at Rs 1,089.95, which was also the day’s high, before falling to Rs 976.50.
- Its P/E of 31.86 is above the forgings industry median of 27.3.
- ROE of 9.69% and ROCE of 12.26% are positive but not clearly ahead of benchmark averages.
- The company’s Rs 394.7 crore market cap places it in the Micro Cap category within a broad forgings peer set.
About Kalyani Forge
Kalyani Forge is part of the Automobile & Ancillaries sector and operates within the Forgings industry. Based on the supplied classification, the company is assessed through valuation ratios such as P/E and P/B, along with profitability indicators including ROE and ROCE. In market-cap terms, it is a Micro Cap company with a market value of Rs 394.7 crore, well below the largest listed forgings companies but above the lower end of the industry size range in the benchmark set.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Kalyani Forge Share Price fall today?
Ans. Kalyani Forge Share Price fell 8.74% to Rs 990.10 from the previous close of Rs 1,084.95. The supplied data confirms the decline, but it does not establish any company-specific catalyst behind today’s weakness.
What is Kalyani Forge Share Price Today?
Ans. Kalyani Forge Share Price Today is Rs 990.10 as of the supplied market update. The stock is down Rs 94.85 on the day, after opening at Rs 1,089.95 and touching a low of Rs 976.50.
What does today’s price action indicate for Kalyani Forge?
Ans. Today’s move shows the stock opened high but failed to hold that level, with the opening price of Rs 1,089.95 also marking the day’s high. That pattern indicates weakness emerged early in the session.
What is the market capitalisation of Kalyani Forge?
Ans. Kalyani Forge has a market capitalisation of Rs 394.7 crore, placing it in the Micro Cap category. Within the forgings industry benchmark, that is above the median market cap of Rs 152.2 crore.
Is Kalyani Forge expensive compared with its industry?
Ans. Kalyani Forge trades at a P/E of 31.86, which is above the same-industry median of 27.3 but below the average of 50.22. Its P/B of 3.9 is also slightly above the industry median of 3.51.
How profitable is Kalyani Forge based on current ratios?
Ans. Kalyani Forge reports ROE of 9.69% and ROCE of 12.26%. Those figures show positive profitability, though ROE is below the industry median of 11.75% and ROCE is marginally below the median of 12.47%.
What are the EPS, book value and dividend yield of Kalyani Forge?
Ans. Kalyani Forge has EPS of 34.05, book value of Rs 278.14 per share and dividend yield of 0.37. Together, these metrics help investors compare earnings support, net worth backing and historical payout context.
How does Kalyani Forge compare with larger forgings peers?
Ans. Kalyani Forge is much smaller than Bharat Forge, Happy Forgings, Ramkrishna Forgings, Balu Forge Industries and MM Forgings by market capitalisation. Its P/E is lower than several premium-valued peers, but its return ratios are not sector-leading.
What sector does Kalyani Forge belong to?
Ans. Kalyani Forge belongs to the Automobile & Ancillaries sector and operates in the Forgings industry. The supplied sector benchmark covers 20 same-industry companies, making peer and valuation comparisons more directly relevant.
What should investors monitor after this decline?
Ans. Investors can monitor whether the stock stabilises after falling to Rs 990.10, while also watching valuation versus industry medians, profitability ratios such as ROE and ROCE, and its position within the listed peer group.
