What’s new

• Net profit doubled to ₹11.38 crore for the year ended March 31, 2026.
• Revenue grew 7.8% to ₹89.30 crore.
• Board recommended a final dividend of ₹3.00 per share.

Why it matters

The profit growth relies on a one-time land sale rather than core operational expansion. Without the ₹3.49 crore exceptional gain, the bottom-line improvement would be much smaller.

What we’re watching

• Whether the company maintains margin growth without further asset sales.
• The impact of the ₹3.00 dividend on cash reserves.
• Nitin Rajore's performance in his renewed five-year term.

The full read

Krishanveer Forge closed FY26 with a net profit of ₹11.38 crore, nearly double the ₹5.64 crore recorded the previous year. Revenue growth was more modest, rising 7.8% to ₹89.30 crore. The primary driver behind the bottom-line surge is a ₹3.49 crore exceptional gain from a land transfer, a deal the company first flagged in February without providing terms. The board responded to the improved liquidity by recommending a final dividend of ₹3.00 per share, a 30% payout on face value. For a company with a market cap of ₹136 crore, this land sale is a material event that masks the underlying operational performance. The dividend provides a 2.4% yield. The sustainability of these earnings remains the open question.

Primary source: BSE · NSE