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Krishanveer Forge (BSE 513369)₹143.85−6.56%Castings & Forgings
In the Mar 2026 quarter (standalone), Krishanveer Forge reported sales of ₹24.32 Cr, up 23.0% from Mar 2025, and net profit of ₹5.77 Cr, up 295.2% year on year. For the year to Mar 2026, sales were ₹88.88 Cr and net profit ₹11.04 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.23 | 18.45 | 22.95 | 23.14 | 24.83 | 20.20 | 18.14 | 19.77 | 23.60 | 20.94 | 20.28 | 24.32 |
| Expenses | 17.26 | 17.58 | 20.79 | 20.94 | 22.14 | 18.15 | 16.16 | 17.76 | 20.91 | 17.82 | 17.58 | 20.65 |
| Operating Profit | 1.97 | 0.87 | 2.17 | 2.21 | 2.68 | 2.04 | 1.96 | 2.01 | 2.68 | 3.12 | 2.70 | 3.66 |
| OPM % | 10.1% | 4.6% | 9.3% | 9.5% | 10.7% | 10.0% | 10.7% | 10.0% | 11.2% | 14.8% | 13.2% | 14.9% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.00 | 0.26 | 0.39 | 0.32 | 0.22 | −0.47 | 3.95 |
| Interest | 0.09 | 0.02 | 0.06 | 0.26 | 0.02 | 0.06 | 0.03 | −0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Depreciation | 0.37 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.44 | 0.38 | 0.40 | 0.38 | 0.37 |
| Profit before tax | 1.47 | 0.43 | 1.69 | 1.84 | 2.24 | 1.56 | 1.78 | 1.96 | 2.60 | 2.92 | 1.81 | 7.18 |
| Tax % | 22.3% | 27.4% | 13.6% | 43.9% | 22.7% | 22.4% | 32.4% | 26.5% | 20.4% | 39.0% | 3.9% | 20.3% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 |
| Net Profit | 1.16 | 0.34 | 1.48 | 1.05 | 1.76 | 1.24 | 1.22 | 1.46 | 2.08 | 1.80 | 1.77 | 5.77 |
| EPS (Rs) | 1.04 | 0.29 | 1.33 | 0.94 | 1.59 | 1.11 | 1.10 | 1.32 | 1.88 | 1.63 | 1.60 | 5.25 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.97 | 5.99 | 28.96 | 54.93 | 50.89 | 39.90 | 66.83 | 80.88 | 82.82 | 82.80 | 88.88 | 89.14 |
| Expenses | 12.96 | 8.98 | 25.90 | 47.83 | 42.89 | 33.91 | 59.81 | 76.76 | 75.81 | 73.74 | 76.83 | 76.96 |
| Operating Profit | 0.00 | −2.01 | 3.01 | 7.01 | 7.01 | 6.01 | 7.01 | 4.01 | 7.01 | 8.01 | 12.02 | 12.16 |
| OPM % | −1.8% | −39.1% | 9.0% | 12.9% | 15.0% | 15.9% | 9.9% | 5.0% | 8.0% | 9.9% | 13.9% | 13.6% |
| Other Income | 1.01 | 0.00 | 0.00 | −0.99 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 3.99 | 4.02 |
| Interest | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.01 |
| Depreciation | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.53 |
| Profit before tax | −1.99 | −3.98 | 0.99 | 3.98 | 5.97 | 3.98 | 4.98 | 1.99 | 4.98 | 7.97 | 14.93 | 14.51 |
| Tax % | −26.9% | −11.0% | 43.1% | 47.1% | 18.1% | 18.1% | 30.1% | 19.1% | 27.1% | 26.1% | 22.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 2.99 |
| Net Profit | −1.01 | −4.01 | 0.00 | 2.01 | 5.02 | 4.01 | 4.01 | 2.01 | 4.02 | 6.02 | 11.04 | 11.42 |
| EPS (Rs) | −1.01 | −3.37 | 0.38 | 1.89 | 4.17 | 3.26 | 3.43 | 1.49 | 3.64 | 5.15 | 10.39 | 10.36 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 55.0% | 48.0% | 29.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.03 | 11.03 | 11.03 | 11.02 | 11.03 | 11.03 | 11.03 | 11.03 | 11.02 | 11.03 | 11.04 | 11.03 |
| Reserves | 13.99 | 11.99 | 8.99 | 8.99 | 10.99 | 16.01 | 19.01 | 22.99 | 23.99 | 27.98 | 30.96 | 39.99 |
| Borrowings | 9.99 | 6.99 | 3.99 | 4.99 | 4.99 | 4.99 | 0.00 | 4.99 | −1.99 | −0.99 | −2.99 | 0.00 |
| Other Liabilities | 4.98 | 3.99 | 3.99 | 8.00 | 13.01 | 11.98 | 11.94 | 12.95 | 10.94 | 13.93 | 17.01 | 17.04 |
| Total Liabilities | 39.99 | 34.00 | 27.00 | 33.00 | 40.02 | 43.01 | 41.98 | 51.96 | 44.96 | 51.95 | 56.02 | 68.06 |
| Fixed Assets | 14.99 | 13.99 | 12.98 | 11.99 | 12.99 | 17.99 | 15.98 | 17.97 | 16.99 | 15.97 | 14.99 | 13.99 |
| CWIP | 5.01 | 5.02 | 5.01 | 6.02 | 6.02 | 3.01 | 3.01 | 0.00 | 0.00 | 0.00 | 0.00 | 4.02 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.05 | 19.08 |
| Other Assets | 19.99 | 13.99 | 9.01 | 14.99 | 21.01 | 23.01 | 22.99 | 33.99 | 27.97 | 35.98 | 28.98 | 30.97 |
| Inventories | 4.75 | 4.56 | 3.67 | 5.30 | 5.88 | 5.61 | 8.10 | 14.06 | 9.44 | 13.83 | 7.37 | 7.02 |
| Trade receivables | 4.68 | 2.96 | 2.70 | 7.96 | 12.91 | 14.90 | 12.32 | 17.88 | 16.75 | 19.72 | 18.65 | 22.46 |
| Cash & equivalents | 3.01 | 0.50 | 0.54 | 0.62 | 0.89 | 1.16 | 1.45 | 1.63 | 0.80 | 1.18 | 1.52 | 1.76 |
| Total Assets | 39.99 | 34.00 | 27.00 | 33.00 | 40.02 | 43.01 | 41.98 | 51.96 | 44.96 | 51.95 | 56.02 | 68.06 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 9.96 | −0.99 | 3.99 | 0.00 | 3.99 | 3.99 | 5.98 | −4.98 | 6.98 | 0.99 | 4.99 | 1.99 |
| Cash from investing activity | −2.99 | −0.99 | 0.00 | 0.00 | −2.99 | −2.99 | 0.00 | 0.00 | −0.99 | 0.00 | −0.99 | −0.99 |
| Cash from financing activity | −6.01 | −1.01 | 0.00 | −1.01 | −1.01 | 1.01 | −2.01 | 0.00 | −1.01 | 0.00 | −2.01 | −3.01 |
| Net cash flow | 0.00 | −2.99 | 3.99 | −1.99 | 0.00 | 1.99 | 3.99 | −4.98 | 5.98 | 0.00 | 1.99 | −1.99 |
| Capex | 4.40 | 1.45 | 0.02 | 0.17 | 2.04 | 6.18 | 0.03 | 3.16 | 0.50 | 0.81 | 0.94 | 0.34 |
| Free cash flow | 6.01 | −2.01 | 4.01 | 0.00 | 2.01 | 1.01 | 5.01 | −5.01 | 7.01 | 0.00 | 5.01 | 1.01 |
| CFO / OP % | 685.0% | 104.0% | −178.0% | 11.0% | 64.0% | 69.0% | 99.0% | −48.0% | 204.0% | 27.0% | 88.0% | 35.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 64 | 87 | 160 | 100 | 86 | 107 | 112 | 98 | 76 | 87 | 82 | 92 |
| Inventory days | 159 | 531 | 809 | 132 | 69 | 76 | 150 | 126 | 70 | 108 | 61 | 58 |
| Days payable | 109 | 96 | 450 | 141 | 112 | 116 | 157 | 82 | 52 | 67 | 91 | 102 |
| Cash conversion cycle | 117 | 524 | 521 | 93 | 45 | 70 | 106 | 144 | 97 | 129 | 54 | 50 |
| Working capital days | 23 | 78 | 109 | 32 | 28 | 60 | 104 | 89 | 89 | 105 | 72 | 140 |
| ROCE % | 5.0% | −2.0% | −12.1% | 7.0% | 24.0% | 21.0% | 15.9% | 16.9% | 7.9% | 17.0% | 20.0% | 26.0% |
For the Mar 2026 quarter, Krishanveer Forge reported sales of ₹24.32 Cr, up 23.0% year on year and net profit of ₹5.77 Cr, up 295.2% year on year. The operating margin was 14.9%.
Krishanveer Forge's sales for the year to Mar 2026 were ₹88.88 Cr; over the last twelve months they were ₹89.14 Cr.
Net profit for the year to Mar 2026 was ₹11.04 Cr, and ₹11.42 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.36.
Krishanveer Forge reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹1.76 Cr.
Cash from operations was ₹1.99 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.01 Cr.