544023

Kalyani Cast-Tec financials

Market cap
₹807 Cr
Sector
Capital Goods
Calls analysed
2
Latest concall · Q2 FY26 · call held 15 Nov 2025

Kalyani Cast-Tec Q2 FY26

EPS ₹13.11 +17%Total Income ₹94.24 cr +33%

What went well

  • Total income for H1 FY26 increased by 33% YoY to INR94.24 crores, up from INR70.60 crores in the prior year's half-year.
  • Profit for H1 FY26 increased by 19% to INR9.5 crores, up from INR8 crores.
  • EPS for H1 FY26 increased from INR11.16 to INR13.11.

What to watch

  • Management declined to provide specific full-year revenue or FY27 outlook, stating it would be discussed in future calls.
  • Final approval for Gati Shakti terminal is still pending, though internal construction is ongoing.
Read the full call →

What Kalyani Cast-Tec does

Kalyani Cast-Tech began operations in 2014 as a small steel foundry supplying castings and finished components mainly to Indian Railways, then diversified in 2021 into manufacturing specialised cargo containers - ISO 20'/40', dwarf, cuboid and parcel/two-and-three-wheeler containers - designed to reduce unit transportation cost for logistics customers such as DP World, Navkar Corporation, Mazagaon Dock and NTPC. It operates from a single factory in Village Mamria Thethar, Rewari (Haryana), and is building out an integrated rail-logistics campus on a 144-acre site to add wagon manufacturing, a steel foundry for wagon/bogie components, and a Gati Shakti rail cargo terminal.

Segments

  • Steel foundry & castings
  • Cargo container manufacturing
  • Rail & logistics infrastructure (under development)
Containers manufactured (cumulative)
~15,000 (since diversifying into containers in 2021, as of Sep 2025)
Manufacturing facility
1 factory - Village Mamria Thethar, Rewari, Haryana
Wagon manufacturing unit capacity (under construction)
7,500-7,800 units/year planned (Phase 1: 2,500 units)
Container manufacturing capacity expansion (planned)
additional 10,000 containers/yr, totaling 16,000 TEUs including existing facility
Land bank for integrated rail-logistics campus
144 acres acquired (115 acres in use/under development)
Container product types
6+ (ISO 20'/40', dwarf, cuboid, parcel, two/three-wheeler, stainless-steel & foldable variants)
Founded 2012Headquarters New Delhi, India Company website

Guidance record · Q2 FY26

what the last two calls moved 5 tracked 0 delivered 0 missed 5 open
  • Wagon Manufacturing Unit Readiness delayed said Q4 FY25 Promised: Ready in another 8-9 months... hopefully by maybe July, August '26 Q2 FY26: Management now states the plan will be available in the 'second half of the next FY' (H2 FY27), indicating a timeline pushback.
  • Revenue Growth on track said Q4 FY25 Promised: Growth will vary between 30% to 40% for FY26 Q2 FY26: H1 FY26 income grew 33.48% YoY; management states they will close 'close to our target'

All 5 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 28.9%, net profit up 75.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue49 45 70 69 92 +88%58 +29%
EBITDA8 5 11 8 12 +50%10 +100%
Net profit6 4 8 6 10 +67%7 +75%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +90.3% 1Y

₹0.4k₹0.6k₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025

1Y: ₹603.15 on 10 Sept 2025 → ₹1,148. High ₹1,148 (11 Sept 2026), low ₹439 (7 Jan 2026).

How the price took the results

close before → close after

Q2 FY26
−7.9%
15 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹5 Cr₹5 Cr₹5 Cr₹7 Cr₹7 Cr₹7 Cr
Reserves₹0 Cr₹1 Cr₹9 Cr₹43 Cr₹67 Cr₹74 Cr
Borrowings₹5 Cr₹3 Cr₹3 Cr₹8 Cr₹0 Cr₹1 Cr
Other liabilities₹4 Cr₹7 Cr₹7 Cr₹7 Cr₹8 Cr₹17 Cr
Total liabilities₹14 Cr₹16 Cr₹24 Cr₹65 Cr₹82 Cr₹99 Cr
Fixed assets₹4 Cr₹6 Cr₹5 Cr₹7 Cr₹18 Cr₹23 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹20 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹15 Cr₹3 Cr₹2 Cr
Other assets₹9 Cr₹10 Cr₹19 Cr₹43 Cr₹62 Cr₹53 Cr
Total assets₹14 Cr₹16 Cr₹24 Cr₹65 Cr₹82 Cr₹99 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +4.65 pp while promoters trimmed −3.84 pp. The shareholder count grew 12% to 2,209.

Promoters
59.5%
FIIs
0.0%
DIIs
0.0%
Public
40.5%

Since Jun 2025

  • Public +4.65 pp
  • Promoters −3.84 pp
  • DIIs −0.80 pp

How it drifted, 11 quarters

Over this window the public went from 26.3% to 40.5% — +14.3 pp.

Dec '23Mar '25Jun '26

Ownership split by quarter, oldest first. Dec '23: Promoters 69.8%, FIIs 2.9%, DIIs 1.0%, Public 26.3%.Mar '24: Promoters 69.8%, FIIs 0.4%, DIIs 0.1%, Public 29.7%.Jun '24: Promoters 69.9%, FIIs 0.0%, Public 30.1%.Sep '24: Promoters 69.9%, FIIs 0.0%, Public 30.1%.Dec '24: Promoters 65.8%, FIIs 0.0%, DIIs 0.7%, Public 33.5%.Mar '25: Promoters 63.3%, FIIs 0.0%, DIIs 0.7%, Public 36.0%.Jun '25: Promoters 63.3%, FIIs 0.0%, DIIs 0.8%, Public 35.9%.Sep '25: Promoters 59.5%, FIIs 0.0%, DIIs 0.4%, Public 40.1%.Dec '25: Promoters 59.5%, FIIs 0.0%, DIIs 0.5%, Public 40.0%.Mar '26: Promoters 59.5%, FIIs 0.0%, DIIs 0.2%, Public 40.4%.Jun '26: Promoters 59.5%, FIIs 0.0%, DIIs 0.0%, Public 40.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Kalyani Cast-Tec above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Naresh Kumar 27.47%unchanged
Javed Aslam 12.88%unchanged
Visisth Services Limited 6.96%unchanged
Jayashree Kumar 3.84%unchanged
Feeroz Khan 3.48%unchanged
V Naga Raja Naidu 2.17%unchanged
Samar Ashok Desai 1.95%−0.14 pp
Nathmal Bangani 1.74%unchanged
Kamala Kumari Jain 1.29%unchanged
Sandeep Singh 1.08%+0.07 pp
Muskan Bangani 0.87%unchanged
Pbk Consultants Private Limited 0.85%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth the price implies
17.6% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹1,148

Change the assumptions yourself →

All earnings calls (2)

Read the Q2 FY26 call →

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