KALYANI
Kalyani Commercials financials
- Market cap
- ₹15 Cr
- Sector
- Capital Goods
What Kalyani Commercials Limited does
Kalyani Commercials Limited is an authorized dealership for TATA Motors and Bajaj, trading in heavy commercial vehicles and three-wheelers and providing after-sales servicing for these vehicles. It also holds a fuel-retailing dealership with Bharat Petroleum Corporation Limited (BPCL), distributing and marketing petroleum products. The company was earlier registered as a Non-Deposit Accepting NBFC but voluntarily surrendered its RBI Certificate of Registration, effective 22 May 2023, and now operates solely through vehicle trading/servicing and petroleum retailing.
Segments
- Commercial vehicle dealership & servicing
- Petroleum retailing
- Permanent employees
- 178
- Business lines
- 2 (commercial-vehicle trading/servicing; BPCL petroleum retailing)
- Authorized OEM dealerships
- TATA Motors (commercial vehicles), Bajaj (three-wheelers)
- Petroleum retail dealership
- Bharat Petroleum Corporation Limited (BPCL) filling station
- Branch offices
- 2 (Ganganagar Motors, Kota; BPCL Filling Station, Jhalawar) — Rajasthan
- Operating footprint
- New Delhi (HQ) and Rajasthan (Kota, Jhalawar, Bundi)
Quarterly results
Q4 FY22: revenue up 20.1%, net profit down 126.3% against the same quarter last year.
| Line item | Q1 FY21 | Q2 FY21 | Q3 FY21 | Q4 FY21 | Q1 FY22 | Q2 FY22 | Q3 FY22 | Q4 FY22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 47 | 89 | 76 | 36 +137% | 39 −17% | 63 −29% | 91 +20% |
| EBITDA | 2 | 3 | 1 | 1 | 2 −15% | 2 −49% | 1 +21% | -0 −129% |
| Net profit | 0 | 1 | 0 | 1 | 1 +138% | 0 −82% | 1 +967% | -0 −126% |
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 +5.0% 1Y
1Y: ₹138.09 on 4 Jul 2025 → ₹144.99. High ₹144.99 (28 Aug 2026), low ₹138.09 (4 Jul 2025).
Financials, as filed
Revenue fell 40.1% a year over 2 years, FY20 to FY22. Operating margin narrowed to 1.9%.
| Year ending | FY20 | FY21 | FY22 |
|---|---|---|---|
| Revenue | ₹641 Cr | ₹227 Cr | ₹230 Cr |
| Operating profit | ₹17 Cr | ₹8 Cr | ₹4 Cr |
| Operating margin | 2.7% | 3.4% | 1.9% |
| Interest | ₹13 Cr | ₹3 Cr | ₹2 Cr |
| Depreciation | ₹5 Cr | ₹2 Cr | ₹0 Cr |
| Net profit | ₹1 Cr | ₹3 Cr | ₹2 Cr |
| Net margin | 0.1% | 1.1% | 1.0% |
| Cash from operations | ₹44 Cr | ₹3 Cr | ₹-1 Cr |
| Free cash flow | ₹45 Cr | ₹3 Cr | ₹0 Cr |
| ROCE | 13.0% | 15.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Reserves | ₹6 Cr | ₹6 Cr | ₹7 Cr | ₹8 Cr | ₹10 Cr | ₹12 Cr |
| Borrowings | ₹51 Cr | ₹174 Cr | ₹158 Cr | ₹21 Cr | ₹32 Cr | ₹23 Cr |
| Other liabilities | ₹31 Cr | ₹13 Cr | ₹30 Cr | ₹4 Cr | ₹52 Cr | ₹35 Cr |
| Total liabilities | ₹88 Cr | ₹194 Cr | ₹197 Cr | ₹34 Cr | ₹95 Cr | ₹71 Cr |
| Fixed assets | ₹7 Cr | ₹9 Cr | ₹13 Cr | ₹6 Cr | ₹4 Cr | ₹4 Cr |
| Capital work in progress | ₹2 Cr | ₹4 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹6 Cr | ₹3 Cr |
| Other assets | ₹79 Cr | ₹180 Cr | ₹183 Cr | ₹24 Cr | ₹85 Cr | ₹64 Cr |
| Total assets | ₹88 Cr | ₹194 Cr | ₹197 Cr | ₹34 Cr | ₹95 Cr | ₹71 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
The ownership split has held steady since Jun 2025.
- Promoters
- 53.1%
- Public
- 46.9%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 53.1%, Public 46.9%.Dec '23: Promoters 53.1%, Public 46.9%.Mar '24: Promoters 53.1%, Public 46.9%.Jun '24: Promoters 53.1%, Public 46.9%.Sep '24: Promoters 53.1%, Public 46.9%.Dec '24: Promoters 53.1%, Public 46.9%.Mar '25: Promoters 53.1%, Public 46.9%.Jun '25: Promoters 53.1%, Public 46.9%.Sep '25: Promoters 53.1%, Public 46.9%.Dec '25: Promoters 53.1%, Public 46.9%.Mar '26: Promoters 53.1%, Public 46.9%.Jun '26: Promoters 53.1%, Public 46.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kalyani Commercials Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shankarlal Agarwal | 41.80% | unchanged |
| Mala Agarwal | 4.50% | unchanged |
| Shankar Lal Agarwal Huf . | 4.00% | unchanged |
| Sunita Sarda | 2.95% | unchanged |
| Sourabh Agarwal | 2.84% | unchanged |
| Suresh Kumar Agarwal | 1.92% | unchanged |
| Amit Walia | 1.50% | unchanged |
| Kavita Joshi | 1.48% | unchanged |
| Mahendra Kumar Sharda | 1.21% | unchanged |
| Akhil Agarwal Huf | 1.20% | unchanged |
| Narendra Kumar Sharma | 1.08% | 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.
Learn to analyse Kalyani Commercials Limited
Guides on how to read this kind of business and the numbers that matter.