Kalyani Steels Ltd (KSL), established in February 1973 in Pune, is a prominent manufacturer of forging and engineering quality carbon & alloy steels utilizing the Blast Furnace route. As a key constituent of the over $3.0 billion Kalyani Group, a diversified Indian multinational conglomerate founded in 1961, KSL operates across critical sectors including engineering, steel, automotive and non-automotive components, renewable energy, infrastructure, and specialty chemicals.
Following the economic reforms and liberalization in the early 1990s, the manufacturing landscape experienced significant growth. KSL identified substantial opportunities beyond fulfilling its in-house requirements, necessitating expansion, technological upgrades, diversification, and cost optimization. Consequently, in 1997, KSL relocated to Hospet, Karnataka, to establish a world-class integrated steel mill (iron-ore based, blast-furnace route) with an initial hot metal capacity of 2,90,000 TPA. This strategic move was crucial, coinciding with the burgeoning automotive hub in the southern region, Karnataka's rich iron ore reserves, and the port of Mangalore for efficient raw material imports.
The integrated steel complex in Hospet now boasts a hot metal capacity of 650,000 TPA for carbon and alloy steels. It features three Mini Blast Furnaces, two Rolling Mills, a Sinter Plant, a Power Plant, Blast Furnace Gas (BFG) fired re-heating furnaces, and state-of-the-art testing facilities, all situated within a sprawling 375-acre green campus. KSL has consistently invested in upgrading its technology and infrastructure, ensuring its facilities are comparable to sophisticated steel manufacturers globally.
The integrated steel mill's hot metal capacity is approximately 650,000 tons per annum for carbon and alloy steels. It comprises three mini blast furnaces, two rolling mills, a sinter plant, a power plant, blast furnace gas fired re-heating furnaces, and comprehensive testing facilities. The Rolling Mill commenced commercial production in 2013, and the 33-meter square circular Sinter Plant was commissioned on March 4, 2013.
Kalyani Steels operates within a single segment, focusing on forging and engineering quality carbon and alloy steels. Its extensive product range includes carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel (Cr-Ni-Mo), medium carbon Cr-Ni-Mo steel, and bearing steel. These products cater to a wide array of applications, including camshafts, connecting rods, gears, transmission shafts, axle beams, and steering knuckles for the Automotive Industry; round casts for the Seamless Tube Industry; and rolled bars for various Engineering Applications.
While the forging industry in India constitutes the primary market for KSL's products, the company also serves substantial clientele in sectors such as commercial vehicles, two-wheelers, diesel engines, bearings, tractors, turbines, and railways. KSL has earned its reputation as a preferred steel supplier for the engineering, automotive, seamless tube, and primary aluminum industries.
For the quarter ended March 2025, Kalyani Steels reported a Profit Before Tax (PBT) of Rs 94.39 crore (excluding other income), and net sales reached Rs 544.33 crore, marking the highest in the last five quarters. Operating Profit (PBDIT) also peaked at Rs 114.30 crore, reflecting enhanced operational efficiency, with the Operating Profit Margin improving to 21.00%.
Net profit for the quarter ended March 2025 saw a significant increase of 26.75% to Rs 79.28 crore, compared to Rs 62.55 crore in the previous quarter ended March 2024. Sales grew by 8.25% to Rs 544.33 crore in the quarter ended March 2025, up from Rs 502.83 crore in the corresponding quarter of the previous year. For the full fiscal year, net profit rose by 2.25% to Rs 253.03 crore for the year ended March 2025, compared to Rs 247.46 crore in the previous fiscal year ended March 2024. Sales for the full year increased by 1.14% to Rs 1981.90 crore in FY25, from Rs 1959.49 crore in FY24.
- Market Cap: ₹4,146 Cr (as of recent reports)
- Revenue (FY25): ₹1,982 Cr
- Profit (FY25): ₹253 Cr
- Q4 FY25 Revenue: ₹544.33 Cr
- Q4 FY25 Net Profit: ₹80.21 Cr
- Earnings per Share (Q4 FY25): Rs 18.13
- Promoter Holding: 64.7%
- Dividend Recommended: Rs 10 per equity share for FY25
The Kalyani Group is currently chaired by Neelkanth Rao's elder son, Baba Kalyani, with B N Kalyani serving as the Chairperson. Kalyani Steels Ltd is a public company incorporated on February 28, 1973. It is classified as a non-government company and is registered with the Registrar of Companies, Pune.
The company's authorized share capital stands at Rs. 800,000,000, with a paid-up capital of Rs. 218,265,300. The registered office is located at MUNDHWA, PUNE-411036, PUNE, Maharashtra, India - 411036.
The original Pune facility, which operated via an arc-furnace route, was transformed into Kalyani Carpenter Special Steels Ltd through a Joint Venture with Carpenter Corporation, USA. KSL also entered into a joint venture with Carpenter Technology Corporation (USA) in 1997 and with Gerdau S.A. (Brazil) in 2007. By 2011, the group's annual turnover exceeded USD 2.5 billion, and it had established joint ventures with prominent international companies including Alstom, Carpenter Technology Corporation, Iochpe-Maxion, Meritor, Sharp Corporation, and Rafael Advanced Defense Systems.
Kalyani Steels continues to solidify its position in the Indian steel industry through ongoing technological advancements, strategic alliances, and a commitment to operational excellence, thereby serving critical sectors such as automotive, engineering, and manufacturing industries across India.
