Kalyani Forge Limited · NSE:KALYANIFRG
Kalyani Forge — Q4 FY26 Earnings Presentation
21 slides from Kalyani Forge's earnings presentation, May 26, 2026
Slide 1: Exchange intimation letter for investor presentation
May 26, 2026 To, Bombay Stock Exchange Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai-400001 Bandra (E), Mumbai-400051 Scrip Code: 513509 Symbol: KALYANIFRG Dear Sir/Madam, Sub: Investor Presentation for t
Slide 2: Investor Presentation Q4 FY26
Investor Presentation FROM BOLD Q4 FY26 26th May 2026 DECISIONS TO TANGIBLE GAINS
Slide 3: Safe Harbour Statement
Safe Harbour Statement • This presentation contains forward-looking statements regarding Kalyani Forge Ltd.’s outlook, strategies, business plans, expectations, and potential growth in the Indian and global markets. These statements are based on assumptions and information currently available to man
Slide 4: Q4 FY26 Highlights – Record PAT, 2nd consecutive quarter of EBITDA 15%
Q4 FY26 Highlights – Record PAT, 2nd consecutive quarter of EBITDA 15% • FY26 PAT ₹9.32 Cr — highest profitability in ~14 years; FY26 EPS ₹25.60 | Q4 EPS ₹16.17 • Q4 EBITDA margin 15.2% — second consecutive quarter at 15%+; Q4 PBT ₹6.13 Cr, PAT ₹5.88 Cr; net margin exceeds 10% for first time • FY26
Slide 5: Our Product Offerings
Our Product Offerings Critical, high performance components, leveraging decades of expertise Engine Driveline Connecting rod Crankshaft Outer Race Tulip Inner Race Tripod Double Yoke Yoke Shaft Gear Blanks Axle Stub Axle Steering Knuckle Wheel Hub 5/25/2026 Confidential, Investor Presentation, Kalya
Slide 6: KFL Growth Formula
KFL Growth Formula 1. Strong 2. Business 3. Capex Growth Execution Development 5/25/2026 Confidential, Investor Presentation, Kalyani Forge Ltd. 5
Slide 7: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ Crore) Q4 FY26 Q4 FY25 FY26 FY25 Revenue from Operations 57.00 50.27 234.64 235.88 Other Income 2.24 0.00 3.58 3.27 Total Income 59.24 58.14 238.22 239.15 EBITDA 9.00 5.55 31.58 26.51 EBITDA Margin 15.2% 9.5% 13.3% 11.1% Depreciation 2.64 2.04 9.55 7.87 Fina
Slide 8: Strong Execution - Financial Performance
Strong Execution - Financial Performance Total Income PAT Rs. Cr. Financial Highlights – Q3 FY26 70.00 64.52 7.00 5.88 Revenue: ₹59.24 crore (up ₹1.02 59.33 59.24 60.00 56.23 58.22 6.00 crore QoQ) 50.00 5.00 EBITDA Margin: 15.2% – highest 40.00 4.00 in Company history 30.00 3.00 2.23 2.16 Profit Aft
Slide 9: Strong Execution - Financial Performance
Strong Execution - Financial Performance ROCE EBITDA Margin • EBITDA margin sustained 25% 18% 16% above 15% for two 15% 20% 18% 16% consecutive quarters — 20% 17% 14% 13% 15% 11% establishing a new 14% 12% 15% 10% profitability floor 10% 10% 8% • ROCE improved from 14% in 6% Q1 FY26 to 18% in Q4 FY2
Slide 10: Strong Execution – EBITDA margin expansion
Strong Execution – EBITDA margin expansion • Exit from low-margin business EBITDA % • Vriddhi Council Projects bearing fruit 18.0% 16.0% 15.7% • Plant Engineering initiative unlocking 15.2% efficiencies 14.0% 12.7% • Improved material and power cost 12.0% 11.4% discipline 10.0% 9.8% • Operational st
Slide 11: Strong Execution – Sales by Product Group
Strong Execution – Sales by Product Group Driveline Axle Engine 7.0 40.0 12.0 35.0 6.0 10.0 30.0 5.0 8.0 25.0 4.0 20.0 6.0 3.0 15.0 4.0 2.0 10.0 2.0 1.0 5.0 - - - Q4FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q3 FY26 Q4 FY26 • Pr
Slide 12: Strong Execution – Sales by Segment and Geography
Strong Execution – Sales by Segment and Geography Segment Sales • Strong growth in 70.0 • Passenger Cars, 60.0 6.4 7.6 • Trucks and 50.0 12.0 8.6 4.0 8.2 11.4 40.0 7.0 6.8 7.7 • Agro segments 30.0 10.6 8.3 13.1 14.4 9.9 13.5 • “Other” segment sales on downward trend 20.0 11.2 11.3 14.2 12.8 in line
Slide 13: Business Development
Business Development • New order won for xEV high volume axle New Business Orderbook (Peak Annual business worth Rs. 20 cr annual revenue Value Rs. Cr.) • Additional business allocation received from top customers for core engine 7 business – establishing trust in the 10 company’s reliability • Vehi
Slide 14: Business Mix Optimization – Progress Update
Business Mix Optimization – Progress Update OEM Revenues • OEM revenues increased 37.3 cr in Q4, upward trend. 40.0 35.0 37.3 • Approx 40 cr of non-fit business phased out in FY26 29.1 31.0 • Started Phase 4 of Business Mix Optimization 28.9 30.0 • Rationalization actions are deliberate, measured, a
Slide 15: Capex – Fuelling Growth
Capex – Fuelling Growth Capex Plan FY27 by Product Group • 60% capex allocation to future growth areas – Driveline and Axle, Ramp Up and New Business • 10 cr Dies and Tooling reclassified from inventory to fixed assets 10.00 11.70 • Aligned to industry benchmark, better inventory management • Capex
Slide 16: About Kalyani Forge
About Kalyani Forge 5/25/2026 Confidential, Investor Presentation, Kalyani Forge Ltd. 15
Slide 17: Company Stats
Company Stats • Established in 1978, around 50 years in the industry • Publicly Listed on National Stock Exchange and Bombay Stock Exchange India • NSE: KALYANIFRG • BOM: 513509 • Workforce Headcount: 1,000+ • Location: Pune, Maharashtra, India • Nearest Sea Port: Mumbai (190km) • No. of Plants 5: •
Slide 18: Well diversified, leveraging common strengths
Well diversified, leveraging common strengths High volume and high value forgings in every truck Trucks Large and mature market High volume and high value forgings in every car Cars Large and mature market Steady and growing market for large engines Industrial Hedge against cyclicality of automotive
Slide 19: Company Milestones
Company Milestones 1980 and 90s 2000s: 2010s: 2020s: • Founded in 1979 by Dr. • 1st Fracture Split Conrod • Established lines for • Scaling up Machining Neelkanth Kalyani (Founder developed in India marquee global OEMs Business of Kalyani Group) • Forayed into Passenger Car • 1st Euro-6/BS VI compli
Slide 20: Leadership - Board of Directors
Leadership - Board of Directors • Deep Experience at scale • Automotive and manufacturing domain knowledge • Global exposure • Strong strategic and Rohini Kalyani Viraj Kalyani Gaurishankar N. Kalyani leadership skills Executive Chairperson Managing Director Director Ajay Tandon Jeevan Mahaldar V. S
Slide 21: Thank You
Thank You FROM BOLD Investor Presentation www.kalyaniforge.com DECISIONS TO TANGIBLE 5/25/2026 GAINS Confidential, Investor Presentation, Kalyani Forge Ltd. 20