Kalyani Forge Limited · NSE:KALYANIFRG
Kalyani Forge — Q1 FY27 Earnings Presentation
20 slides from Kalyani Forge's earnings presentation, Aug 12, 2026
Slide 1: Exchange filing cover letter for investor presentation
August 12, 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 fo
Slide 2: Investor Presentation Q1 FY27
Investor Presentation FROM BOLD Q1 FY27 12th August 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: Q1 FY27 Highlights
Q1 FY27 Highlights • Q1 FY27 PAT ₹4.48 Cr — up over 218% YoY from ₹1.41 Cr; Q1 FY27 EPS ₹12.31 (basic & diluted) • ROCE crosses 20% for the first time — improved to 22%, up from 18% in Q4 FY26 • EBITDA margin 16.2% — up 640 bps YoY from 9.3%; PBT margin 9.2% (+600 bps), PAT margin 6.7% (+450 bps) •
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 8/12/2026 Confidential, Investor Presentation, Kalya
Slide 6: KFL Growth Formula
KFL Growth Formula 1. Strong 2. Business 3. Capex Growth Execution Development 8/12/2026 Confidential, Investor Presentation, Kalyani Forge Ltd. 5
Slide 7: Strong Execution - Financial Performance
Strong Execution - Financial Performance Total Income PAT Rs. Cr. 68.00 67.08 7.00 66.00 5.88 64.52 6.00 64.00 5.00 4.48 62.00 60.00 59.24 4.00 58.22 58.00 56.23 3.00 2.16 56.00 2.00 1.41 54.00 1.00 52.00 - 50.00 Q1 26 Q2 26 Q3 26 (0.11) Q4 26 Q1 27 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 (1.00) EBITDA Rs. Cr
Slide 8: Strong Execution - Financial Performance
Strong Execution - Financial Performance ROCE Profit Margin % • Consistent improvement in 12.0% capital efficiency, with ROCE 25% 20% 22% 9.9% rising from 14% to 22% over 10.0% 20% 18% the last five quarters 8.0% 6.7% 15% 14% 15% • Deleveraging trend continues, 6.0% 3.8% with Debt to EBITDA 4.0% 10%
Slide 9: Strong Execution – EBITDA margin expansion
Strong Execution – EBITDA margin expansion • All time high EBITDA Margin of 16.2% EBITDA Margin • Operating Leverage compounding with 18.0% shopfloor efficiency improvements 16.0% 15.7% 15.2% 16.2% • Vriddhi Council Projects bearing fruit • Plant Engineering initiative unlocking 14.0% 12.7% efficien
Slide 10: Strong Execution – Sales by Product Group
Strong Execution – Sales by Product Group Engine Driveline Axle 45.0 14.0 8.0 40.0 7.0 12.0 35.0 6.0 10.0 30.0 5.0 25.0 8.0 4.0 20.0 6.0 3.0 15.0 4.0 2.0 10.0 5.0 2.0 1.0 - - - Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q4
Slide 11: Strong Execution – Sales by Segment and Geography
Strong Execution – Sales by Segment and Geography Segment Sales • Strong growth across segments backed by 80.0 increasing market demand and market share 70.0 6.1 gains: 60.0 12.0 7.6 6.4 4.7 • Cars: 35% YoY growth, strong OEM growth 50.0 13.9 4.0 8.2 11.4 6.8 7.7 and new business ramp up 40.0 8.3 14
Slide 12: Business Development
Business Development Revenue from New Business • Revenue from New Business is 22% 14 25% 12 22% • New Businesses are those which are launched in 10 19% 19% 20% the last 3 years 8 15% 16% 15% • Wheel Hub Samples in Progress, approx. Rs. 20 cr 6 10% annual revenue 4 5% • New Wheel Hub Line installatio
Slide 13: Business Mix Optimization – Progress Update
Business Mix Optimization – Progress Update OEM Revenue • OEM revenues increased to 40.7 cr in Q1 FY27, 31% YoY 45.0 40.7 growth, 9% QoQ growth 40.0 37.3 • 4th consecutive quarter of OEM Revenue growth 35.0 35.0 31.0 • Approx 40 cr of non-fit business phased out in FY26 28.9 30.0 • Started Phase 4 o
Slide 14: Capex – Fuelling Growth
Capex – Fuelling Growth Capex Plan FY27 by Product Group • Capex goals: • Capacity increase • OEE (Overall Equipment Efficiency) increase • 60% capex allocation to future growth areas – Driveline and 10.00 11.70 Axle, Ramp Up and New Business • Capex purpose and strategy: • Bias for future growth an
Slide 15: About Kalyani Forge
About Kalyani Forge 8/12/2026 Confidential, Investor Presentation, Kalyani Forge Ltd. 14
Slide 16: 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 17: 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 18: 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 19: 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 20: Thank You
Thank You FROM BOLD Investor Presentation www.kalyaniforge.com DECISIONS TO TANGIBLE 8/12/2026 GAINS Confidential, Investor Presentation, Kalyani Forge Ltd. 19