List of Kalyani Group Stocks

The best Kalyani Group stocks include Kalyani Forge, which has a 50.37% 1Y return; Kalyani Steels, which has 46.76%; and Kalyani Investment Company, which has 29.95%. Other strong performers are BF Utilities with 28.57% and Hikal Ltd with 16.91%, showcasing notable growth in the manufacturing and engineering sectors.

The table below shows the list of Kalyani group stocks based on market cap and 1-year returns.

Introduction to Kalyani Group Of Companies

Bharat Forge Ltd

Bharat Forge Limited, an Indian company, specializes in providing safety-critical components and solutions globally to a range of industries such as automotive, railways, defence, construction, mining, aerospace, marine and oil and gas. 

The company operates in segments including Forgings and Others, manufacturing, assembling and selling a variety of forged and machined components, including aluminium castings for the automotive and industrial sectors. Additionally, Bharat Forge Limited is involved in the production and assembly of components related to electric vehicles. 

• Close Price ( ₹ ): 1184.05
• Market Cap ( Cr ): 56608.08
• 1Y Return %: -2.06
• 6M Return %: -32.10
• 1M Return %: -8.50
• 5Y CAGR %: 18.86
• % Away From 52W High: 52.40
• 5Y Avg Net Profit Margin %: 4.46

Hikal Ltd

Hikal Limited, an Indian company, is involved in the production of various chemical intermediates, speciality chemicals, active pharmaceutical ingredients and contract research services. The company operates in two main segments: pharmaceuticals and crop protection. Within the pharmaceuticals segment, Hikal produces active pharmaceutical ingredients at its manufacturing facilities in Jigani, Bangalore and Panoli, Gujarat. 

The crop protection segment focuses on the production of pesticides and herbicides at its facilities in Taloja, Mahad, Maharashtra and Panoli, Gujarat. Hikal’s range of products and services includes gabapentin; thiabendazole; diuron; contract development and custom manufacturing of intermediates; application programming interfaces (APIs); and artificial intelligence (AI).  

• Close Price ( ₹ ): 347.70
• Market Cap ( Cr ): 4287.17
• 1Y Return %: 16.91
• 6M Return %: -1.68
• 1M Return %: -12.06
• 5Y CAGR %: 22.30
• % Away From 52W High: 33.66
• 5Y Avg Net Profit Margin %: 5.86

Kalyani Steels Ltd

Kalyani Steels Limited specializes in manufacturing and selling iron and steel products, specifically focusing on forging and engineering high-quality carbon and alloy steels. The company operates an integrated manufacturing facility at Hospet Works in Karnataka, offering a wide range of steel products in various applications, grades and sizes. 

Its product portfolio includes rolled bars for automotive and engineering applications, round cast for the seamless tube industry, machined bars for the aluminium smelting industry and a variety of steel types such as carbon, carbon-manganese, chrome, chrome-manganese, chrome-nickel and chrome-moly steel. 

• Close Price ( ₹ ): 871.90
• Market Cap ( Cr ): 3806.11
• 1Y Return %: 46.76
• 6M Return %: -2.30
• 1M Return %: -23.81
• 5Y CAGR %: 31.41
• % Away From 52W High: 46.46 

BF Utilities Ltd

BF Utilities Limited, an India-based holding company, is primarily involved in the electricity generation sector through windmills and infrastructure activities. The company operates through two main segments: windmills and Infrastructure. In the wind energy aspect, the company’s project comprises more than 51 wind energy generators with capacities exceeding 230 kilowatts and about 11 generators surpassing 600 kilowatts. 

Under the Infrastructure segment, its subsidiaries, such as Nandi Highway Developers Ltd (NHDL) and Nandi Infrastructure Corridor Enterprises Ltd (NICE), play key roles.  

• Close Price ( ₹ ): 768.65
• Market Cap ( Cr ): 2895.32
• 1Y Return %: 28.57
• 6M Return %: -5.46
• 1M Return %: -20.55
• 5Y CAGR %: 20.10
• % Away From 52W High: 46.89
• 5Y Avg Net Profit Margin %: 8.67

Automotive Axles Ltd

Automotive Axles Limited, an India-based company, is primarily involved in the production of axles and brakes at its manufacturing facilities in Mysore, Rudrapur and Jamshedpur. The company operates within the automotive components sector, manufacturing various types of axles, brakes and suspension systems.

Its product range includes drive axles, non-drive axles, front steer axles, off-highway axles, drum and disc brakes. These products are supplied to leading manufacturers of trucks and buses worldwide, including commercial, military and off-highway vehicles, as well as the aftermarket. Automotive Axles Limited offers a diverse portfolio of auto components and specializes in designing engineering modules and systems, such as gearing, integrated brake-to-axle designs, weight options and driver-operated differential locks. 

• Close Price ( ₹ ): 1716.05
• Market Cap ( Cr ): 2593.29
• 1Y Return %: -18.51
• 6M Return %: -16.85
• 1M Return %: -4.08
• 5Y CAGR %: 14.95
• % Away From 52W High: 29.02
• 5Y Avg Net Profit Margin %: 5.22

Kalyani Investment Company Ltd

Kalyani Investment Company Limited, based in India, focuses on investing in various sectors through both listed and unlisted companies, including forging, steel, power generation, chemicals and banking. The company’s main business involves making investments in group companies.

• Close Price ( ₹ ): 4866.35
• Market Cap ( Cr ): 2124.31
• 1Y Return %: 29.95
• 6M Return %: -21.76
• 1M Return %: -19.83
• 5Y CAGR %: 23.12
• % Away From 52W High: 69.15
• 5Y Avg Net Profit Margin %: 72.38

BF Investment Ltd

BF Investment Ltd is a non-banking financial company (NBFC) and part of the Kalyani Group. It primarily focuses on investment and financial activities, holding strategic stakes in various group companies. The company benefits from the strong industrial presence of Kalyani Group, which operates in sectors like automotive, engineering and infrastructure, ensuring long-term value for investors.

• Close Price ( ₹ ): 540.80
• Market Cap ( Cr ): 2037.07
• 1Y Return %: 2.20
• 6M Return %: -17.47
• 1M Return %: -21.85
• 5Y CAGR %: 11.02
• % Away From 52W High: 53.29
• 5Y Avg Net Profit Margin %: 71.07

Kalyani Forge Ltd

Kalyani Forge Limited is an engineering company based in India that specializes in providing forged, machined and assembled products for a variety of industries. These industries include automotive, construction, power generation, marine, railway and industrial sectors. 

The company offers a diverse range of products, including engine parts, chassis systems, driveline components, industrial applications, steering and suspension parts, as well as transmission and turbocharger components. Some examples of their products are connecting rods, crankshafts, camshafts, valve retainers, injector clamps, rocker arms, balance weights and cam lobes for engine parts. 

• Close Price ( ₹ ): 633.65
• Market Cap ( Cr ): 230.52
• 1Y Return %: 50.37
• 6M Return %: 12.22
• 1M Return %: -2.50
• 5Y CAGR %: 30.18
• % Away From 52W High: 30.03
• 5Y Avg Net Profit Margin %: -0.26

What Are Kalyani Group Stocks?

Kalyani Group stocks represent shares of companies under the Kalyani Group, a leading Indian conglomerate with businesses in engineering, automotive, defence and infrastructure. Key publicly traded companies include Bharat Forge, Kalyani Steels, BF Utilities and BF Investment. These stocks provide investors with exposure to high-growth industries backed by strong technological expertise and global market presence.

Features of Kalyani Group Stocks List

The key features of Kalyani Group stocks lie in their strong presence across multiple industries, technological innovation and global market reach. These stocks expose investors to high-growth sectors like automotive, defence and infrastructure while maintaining long-term financial stability.

1. Diversified Business Portfolio – Kalyani Group operates in sectors like automotive, defence, steel and energy. This diversification reduces investment risks and ensures steady revenue generation from multiple industries, providing stability even during economic downturns.
2. Global Market Leadership – Companies like Bharat Forge have a strong international presence in automotive and engineering. Their exports to major global markets enhance revenue streams and make Kalyani stocks attractive for investors seeking global exposure.
3. Strong Technological Advancements – The group invests heavily in innovation, particularly in defence and engineering solutions. This focus on technology-driven growth enhances operational efficiency and maintains a competitive edge in evolving industries.
4. Consistent Financial Performance – Leading Kalyani stocks, such as Bharat Forge and Kalyani Steels, demonstrate consistent financial performance. Stable revenue growth, profitability and strategic investments contribute to long-term value creation for shareholders.
5. Government and Defense Collaborations – Kalyani Group actively partners with government projects, particularly in defence manufacturing. These collaborations provide long-term contracts, ensuring revenue stability and positioning the group as a key player in India’s self-reliance initiatives.

Kalyani Group Company List Based on 6-Month Return

The table below shows the Kalyani group company list based on 6-month returns.

Best Kalyani Stocks To Buy Based on 5-Year Net Profit Margin

The table below shows the best Kalyani stocks based on 5-year net profit margin.

Top Kalyani Group Stocks for 2025 Based on 1M Return

The table below shows the top Kalyani group stocks for 2025 based on 1 month return.

High Dividend Kalyani Group Companies List

The table below shows the list of high-dividend Kalyani group companies.

Historical Performance of Kalyani Group Stocks

The table below shows the historical performance of Kalyani group stocks based on 5Y CAGR.

Factors To Consider When Investing In Kalyani Group Stocks​

The factors to consider when investing in Kalyani Group stocks include industry trends, financial stability and market performance. Investors should assess the group’s diversified businesses, government collaborations and technological advancements to ensure long-term growth and minimize investment risks.

1. Industry Growth and Demand – Kalyani Group operates in high-growth sectors like automotive, defence and infrastructure. Understanding industry trends and demand cycles helps investors gauge potential returns and assess the sustainability of the company’s market position.
2. Financial Health and Performance – Analyzing revenue growth, profitability and debt levels of Kalyani Group companies ensures informed investment decisions. Companies like Bharat Forge have strong financials, but periodic assessments help track their stability over time.
3. Government Policies and Regulations – Kalyani Group’s involvement in defence and infrastructure makes it sensitive to policy changes. Investors should monitor government initiatives, taxation policies and defence contracts to anticipate potential impacts on business operations.
4. Market Volatility and Economic Conditions – Stocks in manufacturing and industrial sectors are affected by economic cycles. Investors should evaluate global and domestic economic conditions, as well as geopolitical factors, which can influence stock performance.
5. Innovation and Competitive Edge – The group’s investment in R&D and technology is crucial for maintaining industry leadership. Investors should assess how technological advancements and strategic partnerships contribute to the company’s long-term growth and competitive positioning.

How To Invest In Kalyani Group Stocks?

To invest in Kalyani Group stocks, investors should research the company’s financials, industry trends and growth potential.  

1. Open a Demat and Trading Account – Investors must open a Demat and trading account with a registered stockbroker like Alice Blue. This allows seamless buying and selling of Kalyani Group stocks on the NSE and BSE.
2. Research and Analyze Stocks – Studying financial reports, past performance and industry trends of companies like Bharat Forge and Kalyani Steels helps investors choose stocks with strong growth potential and stability.
3. Diversify Investments – Spreading investments across multiple Kalyani Group stocks reduces risk exposure. Diversification helps balance volatility in sectors like automotive, defence and energy while optimizing returns.
4. Monitor Market Trends – Keeping track of global economic conditions, government policies and industry developments ensures well-informed investment decisions. Staying updated helps investors manage risks and capitalize on growth opportunities.
5. Invest for Long-Term Growth – Kalyani Group stocks, especially in defence and infrastructure, offer long-term growth potential. Investors should focus on strategic holdings rather than short-term fluctuations to maximize returns.

Impact of Government Policies on Kalyani Group Stocks

Government policies significantly impact Kalyani Group stocks, especially in sectors like defence, infrastructure and manufacturing. Policies promoting self-reliance in defence, such as the Atmanirbhar Bharat initiative, benefit companies like Bharat Forge, securing long-term contracts and boosting revenue. Infrastructure development projects and incentives for the auto sector also contribute to business growth.

Regulatory changes, taxation policies and import-export restrictions can affect the group’s operations and profitability. Favourable policies encourage expansion, while stricter regulations may impact margins. Investors should closely monitor policy shifts to assess their potential impact on Kalyani Group stocks.

How Kalyani Group Stocks Perform In Economic Downturns?

Kalyani Group stocks show resilience during economic downturns due to their diversified business portfolio across automotive, defence and infrastructure. While sectors like automotive may experience lower demand, defence manufacturing remains stable due to government contracts, helping sustain revenue. Companies like Bharat Forge adapt by focusing on exports and high-value engineering products to mitigate risks.

However, economic slowdowns can impact overall profitability due to reduced industrial activity and fluctuating raw material prices. Stocks in cyclical sectors may face short-term volatility, but strategic investments and technological advancements help Kalyani Group companies recover and maintain long-term growth potential.

Advantages of Investing In Kalyani Group Stocks In India?

The main advantages of investing in Kalyani Group stocks lie in their diversified business operations, technological advancements and strong presence in high-growth sectors. These factors contribute to financial stability, long-term growth and consistent returns for investors.

1. Diversified Business Portfolio – Kalyani Group operates in multiple industries, including automotive, defence and energy. This diversification helps mitigate risks, ensuring stable revenue even if one sector faces economic challenges or slowdowns.
2. Strong Global Presence – Companies like Bharat Forge have a significant international footprint. Their exports to major global markets enhance revenue potential and reduce dependence on domestic demand fluctuations, making their stocks attractive to investors.
3. Government Contracts and Policies – The group benefits from defence contracts and infrastructure projects supported by favourable government policies. These contracts provide steady revenue streams, ensuring business sustainability and long-term stock appreciation.
4. Innovation and R&D Focus – Kalyani Group invests heavily in research and development, particularly in advanced engineering and defence technology. This continuous innovation strengthens the company’s market position and boosts investor confidence.
5. Consistent Financial Performance – Many Kalyani Group companies demonstrate strong financials with stable earnings and growth. Their strategic investments and efficient operations ensure profitability, making them reliable long-term investment options.

Risks of Investing In Kalyani Group Stocks In India

The main risk of investing in Kalyani Group stocks comes from market fluctuations, sector-specific challenges and economic downturns. While the group operates in multiple industries, external factors such as policy changes, demand shifts and global uncertainties can impact stock performance.

1. Cyclical Industry Risks – Sectors like automotive and infrastructure are highly cyclical. During economic slowdowns, demand for automobiles and construction materials declines, affecting revenue and stock prices of Kalyani Group companies like Bharat Forge and Kalyani Steels.
2. Regulatory and Policy Changes – Government policies on defence, infrastructure and manufacturing can influence business operations. Changes in taxation, import-export regulations, or contract approvals may impact profitability and create uncertainty for investors.
3. Raw Material Price Volatility – The group relies on steel, aluminium and other raw materials, making it vulnerable to price fluctuations. Rising input costs can pressure profit margins and affect stock performance in the short term.
4. Global Economic Uncertainty – Kalyani Group has a strong international presence, which exposes it to global risks like trade restrictions, geopolitical tensions and currency fluctuations. A slowdown in key markets can impact exports and revenue.
5. Stock Market Volatility – Like all equities, Kalyani Group stocks are subject to market fluctuations. Factors like investor sentiment, macroeconomic trends and speculative trading can lead to short-term price volatility, affecting investment returns.

Kalyani Group Stocks GDP Contribution

Kalyani Group contributes significantly to India’s GDP through its presence in key industries like automotive, defence, infrastructure and renewable energy. Companies like Bharat Forge and Kalyani Steels drive economic growth by manufacturing high-value engineering products, supplying both domestic and global markets. Their role in defence manufacturing under government initiatives further strengthens industrial output and job creation.

Additionally, the group’s exports boost foreign exchange earnings, supporting India’s trade balance. Investments in infrastructure and green energy align with national development goals, enhancing economic resilience. Kalyani Group’s consistent expansion and innovation contribute to long-term GDP growth and industrial advancement.

Who Should Invest In the Kalyani Group Stocks?

Investors seeking exposure to high-growth industries like automotive, defence and infrastructure should consider Kalyani Group stocks. With strong financials and government-backed projects, these stocks offer potential long-term returns while balancing risk through diversification.

1. Long-Term Investors – Those looking for sustainable wealth creation should invest in Kalyani Group stocks. The company’s strong presence in critical industries ensures steady growth, making it ideal for long-term portfolio strategies.
2. Sector-Specific Investors – Investors focused on automotive, defence and infrastructure sectors can benefit from Kalyani Group stocks. These industries have long-term growth potential due to increasing government spending and private sector expansion.
3. Growth-Oriented Investors – With strong international operations and a focus on innovation, Kalyani Group stocks appeal to investors seeking high-growth opportunities. Their global presence helps mitigate domestic economic downturns, offering stable revenue streams.
4. Risk-Tolerant Investors – Investors comfortable with market fluctuations can explore these stocks. While the group operates in cyclical industries, strategic planning and government contracts provide stability and long-term value creation.

Kalyani Share List – FAQs

Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.