Kalyani Steels Ltd | Hardening Profits | Investing | Finance | Share Market Advise | Share Guru Weekly

17/10/2018 13:14:43
Total Views : 155
banner

 Kalyani Steels Ltd, a part of Bharat Forge-Baba Kalyani Group, is engaged in the business of manufacturing and marketing of special kind of Low & Medium Alloy Steel for Automobile Sector at its Hospet plant in Karnataka. Its clientele includes several international companies that are ZF Steering, AMW, NTS, Eton, Eicher, Hyundai, Force, Renault, Nissan, Meritor and Dana among others. The company is operating through two divisions- Alloy Steels and Non-Alloy Steels which contribute 65.85% and 25.55% sales turnover respectively. It has planned to manufacturevalue-added steel products including Quenched, Tempered, Peeled, Annealed steel etc.

Please Click the Below Link

https://youtu.be/LiwX8LvwX9c

The company reported a net profit of Rs 114.88 crore in 2017-18 versus Rs 155.92 crore in 2016-17. In the quarter ended June 2018 (Q1FY19), the net profit slightly improved to Rs 28.04 crore compared to Rs 27.44 crore. Its value-added steel products for which the plant erection is underway and the growing demand for automobile components would bring in higher profits in the coming days.

Kalyani Steels has a 77.5% stake in its mining subsidiary Lord Ganesha Minerals Pvt Ltd,  49.99% stake in Hospet Steels Ltd and 50% stake in Kalyani Mukund Ltd. The promoters are controlling 64.71% stake while foreign investors held 2.1%, mutual funds 2.04% and domestic institutions 0.43% stake in the minuscule equity of Rs 21.86 crore. The company that entered the dividends list after a gap of three years paid Rs 5 per share equivalent to 100% as a dividend for 2017-18. The Rs 5/- share that touched its 52-Week Hight Price at Rs 431 and Low Price at Rs 220 is now available at around Rs 240, an attractive price.

 

BSE Code: 500235

Face Value: Rs 5.00

Market Price: Rs 235.00/-

(19 Oct 18 | 12:28 | All Prices in   )

DISCLAIMER

THE INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE “SHARE GURU TELUGU WEEKLY” SITES/SERVICES MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS.

Get in touch

# 602, 6th Floor,Babu khan Estate,
Near Basheer Bagh Fly Over,
Basheerbagh, Hyderabad - 500 001,
TELANGANA, INDIA.

Call us now:
90144 90744 ,040 - 2331 8636