Kirloskar Ferrous Industries Limited (KIRLFER)

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Kirloskar Ferrous Industries Limited (KIRLFER) · mywealthgrid

About

Kirloskar Ferrous Industries manufactures pig iron in India's ferrous metals sector. The ₹7,132.95 Cr market-cap company generates stable quarterly revenues around ₹1.6–1.8k Cr with consistent operating margins of 12%. Supported by regular dividend payouts, it serves as a mid-cap exposure to India's metals supply chain.

Face value: ₹5

Market cap

₹7,687 Cr

P/E

15.2×

P/B

2.0×

Dividend yield

1.3%

ROE

13.9%

ROCE

15%

Debt / equity

0.27

OPM

12.2%

EPS (TTM)

₹30.8

Book value

₹234.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility: net profit ranges ₹57.5–125.74 Cr across quarters and EPS hit ₹0 in Mar 2025 despite stable ₹1.7k Cr revenues, signalling contract or forex headwinds — verify source and recurrence risk.
Stock underperformance: 1y return of -20.23% against a 52w range of ₹348.1–₹560.5, now near mid-point — verify if demand/pricing pressure or broader sector cycle.
Commodity exposure: ferrous metals prices are volatile; verify iron ore trends and any hedging or pass-through mechanisms.
Low institutional ownership: FII 1.68%, DII 12.56% — verify depth and liquidity in holding periods >1y.

Generated analysis · source review pending

Growth drivers

Operating margin durability at 12.22% avg (11–13% range across 8 quarters) suggests pricing power or cost control; verify if this can sustain or widen in cycle recovery.
Dividend consistency evident from four payouts in past 18 months signals recurring cash flow; verify free cash flow and reinvestment capacity.
Stable revenue base around ₹1.6–1.8k Cr/quarter despite market downturn indicates market access; verify capacity utilization and order pipeline.
Low D/E of 0.27 leaves balance-sheet room for capex or dividends; verify capex plans and deleveraging intent.

Generated analysis · source review pending

2,339 historical price candles were omitted because the exchange source has not been verified.

₹465.9-1.8%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 24% over the last 3 years

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 42
Growth: 61
Valuation: 80

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jindal Steel LimitedJINDALSTELJINDALSTEL	₹1,12,262 Cr	₹1,34,300 Cr	₹56,413 Cr	₹9,314 Cr	18.2%	₹2,718 Cr	6.3%	9.2%	6.9%	1
Steel Authority Of India LimitedSAILSAIL	₹72,070 Cr	₹1,03,998 Cr	₹1,11,135 Cr	₹13,384 Cr	10.8%	₹4,272 Cr	3%	7.6%	5.7%	105
Jindal Stainless LimitedJSLJSL	₹60,404 Cr	₹67,745 Cr	₹44,026 Cr	₹5,645 Cr	13%	₹3,249 Cr	7.4%	19.6%	17.5%	42
Kiocl LimitedKIOCLKIOCL	₹19,684 Cr	₹19,684 Cr	₹681 Cr	₹-6 Cr	-4.8%	₹39 Cr	2.7%	1.3%	1%	1,644
Sarda Energy & Minerals LimitedSARDAENSARDAEN	₹17,435 Cr	₹20,030 Cr	₹5,665 Cr	₹1,824 Cr	31.4%	₹1,130 Cr	19.5%	17.3%	16.2%	96
Vedanta Iron And Steel LimitedVISLVISL	₹12,189 Cr	₹12,189 Cr	₹0 Cr	₹-0 Cr	—	₹-0 Cr	—	—	—	—
Nmdc Steel LimitedNSLNISPNSLNISP	₹12,001 Cr	₹16,603 Cr	₹13,938 Cr	₹1,510 Cr	11.1%	₹84 Cr	0.4%	3.3%	0.4%	-83
Sandur Manganese & Iron Ores LimitedSANDUMASANDUMA	₹8,637 Cr	₹9,631 Cr	₹5,328 Cr	₹1,253 Cr	23.8%	₹719 Cr	12.9%	26.6%	22.4%	35
Kirloskar Ferrous Industries LimitedKIRLFERKIRLFER	₹7,687 Cr	₹8,721 Cr	₹6,889 Cr	₹842 Cr	12.2%	₹507 Cr	7.4%	15%	13.9%	48
Indian Metals & Ferro Alloys LimitedIMFAIMFA	₹6,355 Cr	₹7,278 Cr	₹3,145 Cr	₹743 Cr	20.8%	₹525 Cr	15%	21.1%	16.8%	218
Jai Balaji Industries LimitedJAIBALAJIJAIBALAJI	₹5,631 Cr	₹6,189 Cr	₹5,786 Cr	₹522 Cr	13.7%	₹293 Cr	8.8%	40.2%	30.7%	73
Maithan Alloys LimitedMAITHANALLMAITHANALL	₹2,698 Cr	₹2,933 Cr	₹2,080 Cr	₹285 Cr	11.9%	₹291 Cr	20.3%	15.5%	11%	420

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
	2,038	3,615	6,146	6,564	6,889
COGS	—	—	3,375	3,731	3,896
Gross profit	—	—	2,772	2,833	2,992
	—	—	1,909	2,077	2,151
Operating profit (EBITDA)	462	647	863	756	842
OPM %	22.6%	17.9%	14%	11.5%	12.2%
Depreciation	76	88	239	256	267
Interest	25	28	120	144	125
	3	11	-50	53	62
Profit before tax	363	543	453	408	497
Tax	—	—	155	114	-12
Tax %	—	—	34.3%	28%	-2.4%
	302	406	298	294	507
PAT margin %	14.8%	11.2%	4.8%	4.5%	7.4%
EPS (₹)	—	—	18.2	17.9	30.8
EPS adjusted (₹)	21.8	29.3	18.1	17.9	30.8
	—	—	30.3%	30.8%	19.5%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	69	69	69	82	82	82
Reserves	930	1,267	—	3,149	3,353	3,780
	292	1,133	—	1,218	1,276	1,034
	641	1,066	—	1,445	1,638	1,692
Total equity & liabilities	1,933	3,535	—	5,895	6,349	6,589
	1,010	1,159	3,067	3,219	3,513	3,610
CWIP	—	—	—	458	337	312
Investments	—	—	—	1	1	1
	—	—	—	2,217	2,498	2,665
Total assets	1,933	3,535	—	5,895	6,349	6,589

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	296	188	798	562	655	942
	-223	-914	-399	-521	-475	-444
	-70	740	-423	-62	-173	-453
Net cash flow	3	14	-25	-20	7	0
Free cash flow	—	—	—	30	170	—
CFO / Operating profit %	64.1%	29.1%	—	65.2%	86.6%	111.9%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	45.1%	43.2%	43.4%
EBITDA margin %	22.6%	17.9%	14%	11.5%	12.2%
EBIT margin %	18.9%	15.5%	10.1%	7.6%	8.3%
PAT margin %	14.8%	11.2%	4.8%	4.5%	7.4%
Working capital
Receivable days	—	—	53	58	58
Inventory days	—	—	111	110	101
Payable days	—	—	93	105	111
NWC days	—	—	72	64	48
Leverage
Current ratio	1.01	0.94	1.1	1.06	1.11
Debt to EBITDA	0.63	1.75	1.41	1.69	1.23
Debt to equity	0.29	0.85	0.38	0.37	0.27
Interest coverage	15.4	20.5	5.3	3.8	5.1
Asset turnover	1.05	1.02	1.04	1.03	1.05
Return ratios
Return on assets %	15.6%	11.5%	5%	4.6%	7.7%
Return on capital employed %	31.8%	36.8%	21.6%	13.6%	15%
Return on equity %	30.2%	30.4%	9.2%	8.6%	13.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.53%	56.5%	56.48%	56.45%	50.93%	50.91%	50.9%	50.9%	50.86%	50.82%	50.8%	50.78%
	1.65%	1.71%	1.86%	1.98%	1.86%	1.94%	1.92%	1.91%	1.9%	1.76%	1.78%	1.68%
	11.35%	12.01%	12.5%	12.51%	10.5%	10.47%	10.67%	10.7%	11.32%	11.94%	12.57%	12.56%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.47%	29.78%	29.16%	29.06%	36.71%	36.68%	36.51%	36.49%	35.92%	35.48%	34.85%	34.98%
No. of shareholders	—	—	—	—	—	—	—	—	1,02,890	98,828	90,482	92,215

Promoter holding down 5.75 percentage points since Sep 2023.

5 deals · 31 Jan 2022 – 10 Aug 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Aug 2022	JYOTSNA GAUTAM KULKARNI	Bulk	BSE	Sell	15,49,320	₹212.50	₹32.92 Cr
10 Aug 2022	NIPPON INDIA MUTUAL FUND	Bulk	BSE	Buy	15,00,000	₹212.50	₹31.88 Cr
10 Aug 2022	NIHAL GAUTAM KULKARNI	Bulk	BSE	Sell	7,74,660	₹212.73	₹16.48 Cr
10 Aug 2022	AMBAR GAUTAM KULKARNI	Bulk	BSE	Sell	7,74,660	₹212.53	₹16.46 Cr
31 Jan 2022	CYBAGE SOFTWARE PRIVATE LIMITED	Bulk	NSE	Buy	9,25,000	₹212.49	₹19.66 Cr

1–5 of 5

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Rahul Chandrakant KirloskarNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Ravindranath Venkatesh GumasteExecutive Director-MD
Mr. Vijaydipak Mukundprasad VarmaNon-Executive - Independent Director
Mr. Sathyamoorthy VenkataramaniNon-Executive - Independent Director
Mr. Raviprakasha Srinivasa SrivatsanExecutive Director
Mr. Pravir Kumar VohraNon-Executive - Independent Director
Mrs. Shalini SarinNon-Executive - Independent Director
Mr. Maruthuvakudi Sankaranarayana SrinivasanNon-Executive - Independent Director
Mr. Nishikant Balakrishna EktareExecutive Director
Mr. Pattanasetty RajashekharNon-Executive - Independent Director
Mr. Sourirajan Rajagopalan

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 6 fund houses

Held by these funds

4.91%

of the company's equity

All mutual funds

12.09%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

8 schemes · 6 fund houses

		Shares
SMALL CAP FUND	Tata Mutual Fund	41.95 L	189.68	1.45%	2.542%	-0
Small Cap FundNEW	ICICI Prudential Mutual Fund	15.65 L	70.78	0.72%	0.949%	—
SMALL CAP FUND	Nippon India Mutual Fund	15.33 L	69.3	0.08%	0.929%	-0
MF INFRASTRUCTURE FUND	LIC Mutual Fund	4.03 L	18.23	1.55%	0.244%	-0
MF MANUFACTURING FUND	LIC Mutual Fund	2.98 L	13.46	1.72%	0.18%	-0
MF VALUE FUND	LIC Mutual Fund	68,046	3.08	1.02%	0.041%	-0
Balance HybridNEW	360 ONE Mutual Fund	39,639	1.79	0.25%	0.024%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	225	0.01	0.02%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

26

Final dividend17 Jul 2026 · ex-date₹3
Interim dividend16 Feb 2026 · ex-date₹3
Final dividend11 Jul 2025 · ex-date₹2.5
Interim dividend14 Feb 2025 · ex-date₹3
Final dividend13 Sept 2024 · ex-date₹2.5
Interim dividend15 Mar 2024 · ex-date₹3
Dividend dividend14 Jul 2023 · ex-date₹3
Interim dividend17 Feb 2023 · ex-date₹2.5
Final dividend21 Jul 2022 · ex-date₹3
Interim dividend3 Feb 2022 · ex-date₹2.5
Final dividend15 Jul 2021 · ex-date₹3
Interim dividend10 Mar 2021 · ex-date₹2
Interim dividend12 Mar 2020 · ex-date₹2
Final dividend11 Jul 2019 · ex-date₹1
Interim dividend15 Feb 2019 · ex-date₹1
Dividend dividend12 Jul 2018 · ex-date₹1.25
Dividend dividend21 Jul 2017 · ex-date₹1.75
Interim dividend17 Mar 2016 · ex-date₹1.25
Final dividend16 Jul 2015 · ex-date₹1.25
Final dividend4 Aug 2014 · ex-date₹1.25
Final dividend17 Jul 2013 · ex-date₹1.25
Final dividend13 Jul 2012 · ex-date₹1
Final dividend13 Jul 2011 · ex-date₹1
Final dividend20 Jul 2010 · ex-date₹1
Dividend dividend7 Aug 2009 · ex-date₹0.5
Interim dividend5 Mar 2008 · ex-date₹0.75

1

Board meeting to consider results5 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

1 Oct 2026, 2:36 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

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Ratio	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	45.1%	43.2%	43.4%
EBITDA margin %	22.6%	17.9%	14%	11.5%	12.2%
EBIT margin %	18.9%	15.5%	10.1%	7.6%	8.3%
PAT margin %	14.8%	11.2%	4.8%	4.5%	7.4%
Working capital
Receivable days	—	—	53	58	58
Inventory days	—	—	111	110	101
Payable days	—	—	93	105	111
NWC days	—	—	72	64	48
Leverage
Current ratio	1.01	0.94	1.1	1.06	1.11
Debt to EBITDA	0.63	1.75	1.41	1.69	1.23
Debt to equity	0.29	0.85	0.38	0.37	0.27
Interest coverage	15.4	20.5	5.3	3.8	5.1
Asset turnover	1.05	1.02	1.04	1.03	1.05
Return ratios
Return on assets %	15.6%	11.5%	5%	4.6%	7.7%
Return on capital employed %	31.8%	36.8%	21.6%	13.6%	15%
Return on equity %	30.2%	30.4%	9.2%	8.6%	13.1%

Date	Category	Subject	Filing
1 Oct 2026, 2:36 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
1 Oct 2026, 12:12 pm	Company Update General	Temporary Suspension Of The Operations At Hiriyur Plant	PDF
28 Sept 2026, 11:03 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 4:38 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
21 Sept 2026, 1:26 pm	Corp. Action Record Date	Cut Off Date In Respect Of The Postal Ballot And The E-Voting	PDF
21 Sept 2026, 1:21 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of The Board Meeting	PDF
21 Sept 2026, 1:16 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
21 Sept 2026, 1:14 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF

Kirloskar Ferrous Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

26

1

Announcements

26

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Kirloskar Ferrous Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends26

Board meetings1

Announcements

Dividends26

Board meetings1

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

26

1

26

1