KICL
Kalyani Investment Company share price & financials
- Price
- ₹5,212
- Market cap
- ₹2.2k Cr
- Sector
- Financial Services
What Kalyani Investment Company Limited does
Kalyani Investment Company is a Core Investment Company (CIC) whose stated business thrust is to hold and continue holding securities — equity, preference shares and debentures/debt — of Kalyani Group companies. It earns its income mainly from dividends on this investment portfolio rather than from any operating business activity, and it has no subsidiaries of its own. It is not registered with the RBI as a systemically important non-deposit-taking CIC.
- Corporate classification
- Core Investment Company (CIC); not registered with RBI as a systemically important NBFC-CIC
- Business model
- Holds equity, preference shares and debentures/debt of Kalyani Group companies; earns dividend income rather than operating revenue
- Group affiliation
- Kalyani Group (Pune-based conglomerate spanning specialty steel, forging/automotive components, defense systems, infrastructure and specialty chemicals)
- Subsidiaries
- None
- Portfolio concentration
- Net assets concentrated in Kalyani Group securities (equity capital, and equity/preference shares/debentures combined)
Quarterly results
Q1 FY27: revenue up 2.9%, net profit up 121.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46 | 6 | 21 | 6 | 44 −5% | 7 +16% | 22 +2% | 6 +3% |
| EBITDA | 46 | 0 | 19 | -4 | 27 −41% | 2 +378% | 19 −0% | 1 +125% |
| Net profit | 38 | 3 | 26 | -3 | 19 −51% | 2 −47% | 19 −25% | 1 +121% |
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 +4.1% 1Y
1Y: ₹4,841.3 on 10 Sept 2025 → ₹5,040.5. High ₹6,298.9 (28 Oct 2025), low ₹4,025 (30 Mar 2026).
Financials, as filed
Revenue grew 12.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 56.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹55 Cr | ₹67 Cr | ₹78 Cr | ₹78 Cr |
| Operating profit | ₹50 Cr | ₹62 Cr | ₹69 Cr | ₹44 Cr |
| Operating margin | 91.6% | 93.2% | 88.4% | 56.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹58 Cr | ₹70 Cr | ₹72 Cr | ₹37 Cr |
| Net margin | 105.8% | 104.8% | 91.5% | 47.1% |
| Cash from operations | ₹-4 Cr | ₹-12 Cr | ₹-16 Cr | ₹-18 Cr |
| Free cash flow | ₹-4 Cr | ₹-12 Cr | ₹-16 Cr | ₹-18 Cr |
| ROCE | 1.0% | 1.0% | 1.0% | 0.0% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹4.6k Cr | ₹5.3k Cr | ₹5.8k Cr | ₹8.3k Cr | ₹9.0k Cr | ₹11.4k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹113 Cr | ₹115 Cr | ₹164 Cr | ₹474 Cr | ₹634 Cr | ₹1.0k Cr |
| Total liabilities | ₹4.7k Cr | ₹5.5k Cr | ₹6.0k Cr | ₹8.8k Cr | ₹9.6k Cr | ₹12.4k Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹4.7k Cr | ₹5.4k Cr | ₹5.9k Cr | ₹8.6k Cr | ₹9.3k Cr | ₹12.1k Cr |
| Other assets | ₹57 Cr | ₹86 Cr | ₹127 Cr | ₹183 Cr | ₹293 Cr | ₹311 Cr |
| Total assets | ₹4.7k Cr | ₹5.5k Cr | ₹6.0k Cr | ₹8.8k Cr | ₹9.6k Cr | ₹12.4k 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 trimmed −0.43 pp while DIIs added +0.33 pp. The shareholder count shrank 9% to 23,781.
- Promoters
- 75.0%
- FIIs
- 0.6%
- DIIs
- 0.6%
- Public
- 23.8%
Since Jun 2025
- Public −0.43 pp
- DIIs +0.33 pp
- FIIs +0.09 pp
How it drifted, 12 quarters
Over this window FIIs fell from 2.3% to 0.6% — −1.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 2.3%, DIIs 0.1%, Public 22.6%.Dec '23: Promoters 75.0%, FIIs 1.9%, DIIs 0.0%, Public 23.1%.Mar '24: Promoters 75.0%, FIIs 1.4%, DIIs 0.1%, Public 23.5%.Jun '24: Promoters 75.0%, FIIs 1.2%, DIIs 0.2%, Public 23.6%.Sep '24: Promoters 75.0%, FIIs 1.1%, DIIs 0.2%, Public 23.8%.Dec '24: Promoters 75.0%, FIIs 0.4%, DIIs 0.4%, Public 24.2%.Mar '25: Promoters 75.0%, FIIs 0.5%, DIIs 0.4%, Public 24.1%.Jun '25: Promoters 75.0%, FIIs 0.6%, DIIs 0.2%, Public 24.2%.Sep '25: Promoters 75.0%, FIIs 0.6%, DIIs 0.2%, Public 24.2%.Dec '25: Promoters 75.0%, FIIs 0.7%, DIIs 0.5%, Public 23.9%.Mar '26: Promoters 75.0%, FIIs 0.7%, DIIs 0.5%, Public 23.9%.Jun '26: Promoters 75.0%, FIIs 0.6%, DIIs 0.6%, Public 23.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kalyani Investment Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sundaram Trading & Investment Private Limited | 60.94% | unchanged |
| Ajinkya Investment & Trading Company | 13.65% | unchanged |
| Oleander Investment Pvt Ltd | 1.08% | unchanged |
| KSMS Technologies Solutions Private Limited | 0.16% | unchanged |
| Mrs.Sunita B. Kalyani | 0.13% | unchanged |
| Mr.Amit B. Kalyani | 0.07% | unchanged |
| Mrs.Sugandha J. Hiremath | 0.02% | unchanged |
| Ajinkyatara Trading Company Limited | 0.01% | unchanged |
| Babasaheb Kalyani Family Trust | 0.00% | unchanged |
| Mr.B.N. Kalyani | 0.00% | unchanged |
| Mrs.Deeksha A. Kalyani | 0.00% | 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 Investment Company Limited
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