Kennametal IndiaNSE:KENNAMET
Current view Q4 2026
Makes industrial cutting tools and machine tools; India's factory-building boom lifted latest-quarter sales 39%. But profit stayed flat for three years, exports remain weak, and the stock is pricey at 45 times earnings.
Latest exchange filings last 5 · 5 after Q4 2026
- 11 Sep ’26Closure of Trading Window 11 Sep ↗
- 7 Sep ’26Kennametal India held institutional investors/analysts meeting on September 7, 2026; video available, no presentation. ↗
- 2 Sep ’26Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Sep ↗
- 26 Aug ’26Filed Annual Secretarial Compliance Report for FY 2025-26; no non-compliances or actions reported. ↗
- 14 Aug ’26The copy of newspaper advertisement of the Audited financial results for the fourth quarter and year ended June 30, 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +39.0% | +20.7% | +11.9% | +13.3% |
| Operating profit | ▲ +92.5% | +71.1% | +26.1% | +19.7% |
| EPS | ▲ +110.7% | +110.7% | +30.8% | +24.1% |
| PAT | ▲ +112.5% | +112.5% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +39.0%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average60/100
Cheap, and growing fast. Profit per share grew 31% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹4,134 → ₹8,268 needs the P/E at 59× — it is 66× today, and has ranged 36× to 90× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 88× — it has traded there — high was 90×.
At ₹3,025 the price-tag on its earnings reaches the 48× it is being projected toward — the point where being cheap against that yardstick is used up.
Unpaid, but the growth quality is thin. Verify before acting.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹8,949 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 30.8% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Capital Goods · 6 of 130 listed
It earns 33% on its capital, more than any of them — the next best earns 29%, and it is the cheapest of those shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Kennametal India | ₹4,285 | 48.0× | ₹9,418 Cr | 33.2% | +183.7% | +47.7% |
| Indo-MIM | ₹1,052 | 80.5× | ₹52,019 Cr | 25.0% | +31.6% | +9.4% |
| Aditya Infotech | ₹3,466 | 85.8× | ₹40,999 Cr | 28.6% | +332.5% | +89.5% |
| Syrma SGS Tech. | ₹1,743 | 90.6× | ₹33,606 Cr | 16.8% | +101.2% | +68.3% |
| Honeywell Auto | ₹35,725 | 56.5× | ₹31,581 Cr | 16.9% | +20.9% | +1.8% |
| Jyoti CNC Auto. | ₹1,052 | 74.3× | ₹23,925 Cr | 21.3% | −20.0% | +24.0% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | yes — widening, and steadily | operating margin 13% → 27% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it, with some tied up | 24% last year, 67% over three · free cash flow −₹35 cr, positive in 3 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹2 cr — 0.00× its own equity (was 0.00×) |
| Is it being collected? | collection is steady | 65 days to collect, up 6 in a year · cash cycle 219 days |
| Who has been buying? | the promoters have held steady | promoters 75.0%, 75.0% → 75.0% over 2.8 years · FIIs 0.2% (−0.7) · DIIs 13.3% (−0.5) · shareholders 14,144 → 12,110 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 33.2% · ROE 24.5% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.2% CAGR over last 5 years
Against it
- Stock is trading at 11.0 times its book value
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.