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Kirloskar Ferrous Industries

KIRLFER NSE
₹405.80 No trade today
P/E
18.82
View as Markdown
MCP
Close 4 Nov 2026 ₹405.80 −81.65 −16.8% 1Y
Start ₹487.45

Key Fundamentals

MicrocapFerrous MetalsMetals & Mining

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
13.40%
Debt to Equity
0.27
EPS (TTM)
₹21.56
Book Value
₹240.98
Market Cap
—
P/E (TTM)
18.82
P/B
1.68
ROE
14.50%
Dividend Yield
1.44%
EBITDA
₹904 Cr
52W High
₹514.90
52W Low
₹336.20
Volume
0

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

59 Good

Data confidence 100/100

Category scores

Quality
73
Strong
Returns, margins, earnings quality 22% weight
Valuation
78
Strong
Cheap vs sector & own history 24% weight
Growth
23
Poor
Sales & profit trajectory 9% weight
Financial Health
43
Weak
Solvency, leverage, coverage 9% weight
Momentum
31
Poor
Trend strength, vol-adjusted 12% weight
Ownership
58
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 24.8%

Weaknesses

2
  • Company has a low return on equity of 11.7% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.75%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1234
OscillatorsBullish234
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
26.89
Bullish
MACD (12,26,9)
−11.18
Bearish
SMA (50)
457.51
Bearish
SMA (200)
439.86
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+19.99%
5Y+27.58%
3Y+2.49%
1Y+4.95%
TTM+3.34%

Net profit

Net profit growth by window
10Y+24.16%
5Y+10.83%
3Y+4.70%
1Y+73.54%
TTM−24.95%

Operating cash flow

Operating cash flow growth by window
10Y+23.30%
5Y+26.05%
3Y+5.42%
1Y+42.30%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.21 pp
5Y−10.33 pp
3Y−0.79 pp
1Y+0.73 pp
TTM+0.36 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,277 Cr
Mar 2018₹1,765 Cr
Mar 2019₹2,159 Cr
Mar 2020₹1,850 Cr
Mar 2021₹2,038 Cr
Mar 2022₹3,615 Cr
Mar 2023₹6,399 Cr
Mar 2024₹6,134 Cr
Mar 2025₹6,564 Cr
Mar 2026₹6,889 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹88.00 Cr
Mar 2018₹38.00 Cr
Mar 2019₹98.00 Cr
Mar 2020₹112 Cr
Mar 2021₹302 Cr
Mar 2022₹406 Cr
Mar 2023₹440 Cr
Mar 2024₹322 Cr
Mar 2025₹291 Cr
Mar 2026₹505 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹996 Cr +10.2% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Kirloskar Ferrous Industries Ltd is a mid-cap metals company with a market cap of ₹7,707 Cr trading at a PE of 15.1x. The company posted 80% TTM profit growth and maintains a 1.29% dividend yield, but its stock has declined 23% over the past year and promoter holding has fallen by 5.83% over three years.

Bull Case 8
  • TTM compounded profit growth of 80% indicates a strong earnings recovery cycle
  • 10-year compounded sales CAGR of 20% demonstrates consistent long-term revenue expansion
  • 10-year compounded profit CAGR of 25% reflects durable earnings growth over a full business cycle
  • PE of 15.1x is reasonable for a metals company with 80% TTM profit growth, suggesting earnings are not excessively priced
  • 10-year stock CAGR of 20% shows significant long-term wealth creation for shareholders
  • Healthy dividend payout ratio of 24.8% with a current yield of 1.29% provides income alongside capital appreciation
  • 5-year compounded sales CAGR of 28% shows the company scaled meaningfully during the recent commodity upcycle
  • Last year ROE of 15% shows improving capital efficiency compared to the 3-year average of 12%
Bear Case 8
  • Stock has declined 23% over the past 1 year, significantly underperforming broader markets
  • Promoter holding decreased by 5.83% over the last 3 years, signaling potential lack of promoter confidence
  • 3-year compounded sales CAGR of only 2% indicates revenue stagnation after the initial post-pandemic surge
  • 3-year ROE average of just 11.7-12% is below cost of equity for most investors in cyclical sectors
  • 3-year stock CAGR of -4% shows the stock has destroyed value for medium-term investors
  • Price-to-book ratio of 1.99x is not cheap for a metals business with sub-12% 3-year ROE
  • Tax rate appears low which may normalize in future periods, compressing net margins
  • 3-year compounded profit CAGR of only 6% versus TTM of 80% suggests the recent profit spike may be driven by a low base rather than structural improvement

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Kirloskar Ferrous delivered solid FY26 financials with ₹504.74 Cr PAT and a generous 120% dividend payout, signaling confidence in cash flows. The key risk is the Supreme Court ruling against the company in the mining royalty dispute, which could raise operational costs. Overall, fundamentals remain healthy but the legal overhang on mining royalties warrants monitoring for margin impact in FY27.

Headwinds 1
  • SC rejects mining royalty request Jul 14

    Supreme Court upheld government's position in mining royalty dispute, rejecting Kirloskar Ferrous Industries' request. This legal setback could have implications for the company's mining cost structure going forward.

Positives 1
  • Strong FY26 results and dividend Jul 13

    KFIL reported FY2026 net sales of ₹6,888.57 Crores, PAT of ₹504.74 Crores, and recommended total dividend of 120% (₹6 per share including ₹3 final dividend). TDS documents due by July 17, 2026.

Quarterly Results

₹ Cr
KIRLFER quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,498
1,559
1,545
1,532
1,554
1,667
1,609
1,737
1,698
1,728
1,618
1,817
1,772
Expenses
1,288
1,303
1,329
1,351
1,366
1,472
1,433
1,536
1,481
1,514
1,432
1,593
1,556
Operating Profit
210
256
216
181
187
195
177
201
217
214
186
225
216
OPM %
14%
16%
14%
12%
12%
12%
11%
12%
13%
12%
11%
12%
12%
Other Income
4
−31
10
−18
8
17
10
24
8
9
−13
44
−12
Interest
29
30
29
32
33
37
39
35
34
33
29
30
29
Depreciation
46
57
60
69
58
60
62
67
64
64
67
69
69
PBT
139
139
137
62
104
115
85
124
127
126
77
170
105
Tax %
31%
37%
31%
29%
28%
26%
28%
26%
−85%
27%
29%
26%
22%
Net Profit
96
87
94
44
76
85
61
92
235
92
55
126
82
EPS (₹)
6.92
6.26
6.75
3.17
5.42
5.16
3.72
5.56
14.3
5.61
3.34
7.62
4.99

Profit & Loss

₹ Cr
KIRLFER profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,365
1,114
1,277
1,765
2,159
1,850
2,038
3,615
6,399
6,134
6,564
6,889
6,935
Expenses
1,214
963
1,105
1,654
1,945
1,634
1,577
2,968
5,559
5,266
5,802
6,039
6,095
Operating Profit
151
151
172
111
214
216
462
647
840
868
762
850
840
OPM %
11%
14%
13%
6%
10%
12%
23%
18%
13%
14%
12%
12%
12%
Other Income
1
2
5
4
3
15
3
11
44
−39
44
37
29
Interest
30
24
11
11
16
17
25
28
95
120
144
125
121
Depreciation
50
44
46
50
54
58
76
88
169
232
256
267
270
PBT
72
85
121
54
147
156
363
543
619
477
406
494
478
Tax %
31%
32%
27%
30%
33%
28%
17%
25%
29%
33%
28%
−2%
—
Net Profit
49
58
88
38
98
112
302
406
440
322
291
505
355
EPS (₹)
3.59
4.2
6.4
2.77
7.13
8.15
21.84
29.28
31.64
23.08
17.68
30.6
21.56
Div. Payout %
35%
30%
27%
45%
28%
25%
23%
19%
17%
24%
31%
20%
—

Balance Sheet

₹ Cr
KIRLFER balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
69
69
69
69
69
69
69
69
69
70
82
82
Reserves
386
423
514
524
589
653
930
1,267
2,935
3,170
3,355
3,782
Borrowings
133
108
111
72
127
311
292
1,193
969
1,224
1,278
1,036
Other Liabilities
340
256
292
534
605
586
641
1,069
1,498
1,429
1,633
1,689
Total Liabilities
928
857
986
1,199
1,390
1,619
1,933
3,598
5,472
5,892
6,349
6,589
Fixed Assets
542
550
574
561
608
854
1,012
1,160
2,990
3,103
3,513
3,610
CWIP
31
8
19
73
62
144
162
219
205
487
339
332
Investments
0
0
0
0
0
0
1
489
58
10
1
1
Other Assets
355
298
392
565
720
621
758
1,729
2,219
2,291
2,496
2,645
Total Assets
928
857
986
1,199
1,390
1,619
1,933
3,598
5,472
5,892
6,349
6,589

Cash Flow

₹ Cr
KIRLFER cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
161
116
75
129
158
204
296
168
804
567
662
942
Investing
−57
−32
−70
−57
−161
−316
−223
−910
−217
−635
−476
−444
Financing
−106
−89
2
−79
2
118
−70
756
−605
48
−176
−453
Net Cash Flow
−1
−5
7
−7
−1
6
3
14
−18
−20
9
45
Free Cash Flow
102
83
1
70
−4
−113
82
−256
388
52
180
494
CFO/OP
116
89
57
129
93
108
83
44
115
82
99
112

Ratios

KIRLFER financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
47
46
60
60
64
58
65
54
48
53
58
58
Inventory Days
52
57
61
69
67
76
99
92
106
111
110
101
Days Payable
91
84
82
114
118
121
128
143
102
92
105
111
Cash Conversion Cycle
8
19
39
16
13
13
35
3
52
72
64
48
Working Capital Days
−16
−3
13
4
11
−7
−1
−37
10
9
4
7
ROCE %
17%
18%
20%
10%
23%
19%
33%
30%
22%
15%
12%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Kirloskar Ferrous Industries insights

64 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.73%
  • Public 20.45%
  • DIIs 13.79%
  • Others 13.39%
  • FIIs 1.64%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Kirloskar Ferrous Industries

What does Kirloskar Ferrous Industries Ltd do?
KFIL, incorporated in 1991, is a part of the Pune-based Kirloskar Group. KFIL manufactures pig iron and ferrous castings such as cylinder blocks, cylinder heads, and transmission parts and different types of housings required by automobile, tractor and diesel engine industries.
Where is Kirloskar Ferrous Industries Ltd (KIRLFER) listed?
Kirloskar Ferrous Industries Ltd trades as KIRLFER on the NSE and under code 500245 on the BSE.
Which sector does Kirloskar Ferrous Industries Ltd belong to?
Kirloskar Ferrous Industries Ltd is classified under the Metals & Mining sector, in the Pig Iron industry.
What is the PE ratio of Kirloskar Ferrous Industries Ltd?
Kirloskar Ferrous Industries Ltd trades at a PE ratio of 18.82 as of 4 Nov 2026, on earnings per share of ₹21.56, against a book value of ₹240.98 per share.
What is the 52-week high and low of Kirloskar Ferrous Industries Ltd?
Over the last 52 weeks Kirloskar Ferrous Industries Ltd has traded between ₹336.2 and ₹514.9 as of 4 Nov 2026.
Does Kirloskar Ferrous Industries Ltd pay dividends?
Kirloskar Ferrous Industries Ltd has a dividend yield of 1.44%.
What is the Return on Equity (ROE) of Kirloskar Ferrous Industries Ltd?
Kirloskar Ferrous Industries Ltd reported a return on equity of 14.50%. Its debt-to-equity ratio is 0.27.

Company Information

KFIL, incorporated in 1991, is a part of the Pune-based Kirloskar Group. KFIL manufactures pig iron and ferrous castings such as cylinder blocks, cylinder heads, and transmission parts and different types of housings required by automobile, tractor and diesel engine industries. It is one of the leading players in foundry-grade pig iron manufacturing and ferrous castings in the domestic market.

Website kirloskarferrous.com
CEO Mr. Ravindranath Venkatesh Gumaste B.Tech (Met.)
Employees 3,253
Listed 13 Nov 2019
Face Value ₹5

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