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Kirloskar Industries

KIRLOSIND NSE
₹3,305.60 No trade today
P/E
12.41
View as Markdown
MCP
Close 4 Nov 2026 ₹3,305.60 −368.40 −10.0% 1Y
Start ₹3,674.00

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

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

ROCE
7.01%
Debt to Equity
0.18
EPS (TTM)
₹266.46
Book Value
₹5,943.68
Market Cap
—
P/E (TTM)
12.41
P/B
0.56
ROE
3.77%
Dividend Yield
0.40%
EBITDA
₹926 Cr
52W High
₹4,574.80
52W Low
₹2,463.00
Volume
0

Peer Comparison

Industrials › Industrial Products › Other Industrial Products › Iron & Steel Products

Kirloskar Industries peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Kirloskar Industries (this company)
₹3,305.6012.41₹3,484 Cr0.560.40%3.77%7.01%₹6,995 Cr₹355 Cr
Median 8 companies₹1,715.6029.40₹16,390 Cr3.920.40%13.85%18.05%₹12,148 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
63
Good
Returns, margins, earnings quality 22% weight
Valuation
86
Strong
Cheap vs sector & own history 24% weight
Growth
28
Poor
Sales & profit trajectory 9% weight
Financial Health
40
Weak
Solvency, leverage, coverage 9% weight
Momentum
36
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
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
  • Stock is trading at 0.58 times its book value

Weaknesses

2
  • Company has a low return on equity of 3.77% over last 3 years.
  • Dividend payout has been low at 7.17% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
46.63
Neutral
MACD (12,26,9)
−96.87
Bullish
SMA (50)
3,525.39
Bearish
SMA (200)
3,363.15
Bearish

As of

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+20.05%
5Y+27.32%
3Y+2.35%
1Y+4.96%
TTM+3.66%

Net profit

Net profit growth by window
10Y+17.53%
5Y+10.09%
3Y+3.02%
1Y+63.31%
TTM−26.04%

Operating cash flow

Operating cash flow growth by window
10Y+23.68%
5Y+27.75%
3Y+4.65%
1Y+45.17%
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−0.65 pp
5Y−10.59 pp
3Y−1.07 pp
1Y+0.59 pp
TTM+0.31 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,137 Cr
Mar 2018₹1,826 Cr
Mar 2019₹2,222 Cr
Mar 2020₹1,916 Cr
Mar 2021₹2,080 Cr
Mar 2022₹3,810 Cr
Mar 2023₹6,490 Cr
Mar 2024₹6,396 Cr
Mar 2025₹6,629 Cr
Mar 2026₹6,958 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹119 Cr
Mar 2018₹68.00 Cr
Mar 2019₹132 Cr
Mar 2020₹151 Cr
Mar 2021₹311 Cr
Mar 2022₹316 Cr
Mar 2023₹460 Cr
Mar 2024₹361 Cr
Mar 2025₹308 Cr
Mar 2026₹503 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Kirloskar Industries Ltd trades at a market cap of ₹4,390 Cr with a PE of 12.3x and a price-to-book of 0.70x, suggesting the stock is valued below its book value. The company has delivered a 5-year stock CAGR of 19% but shows weak profitability with 3-year average ROE of just 3% and muted recent profit growth.

Bull Case 7
  • Stock trades at 0.70x book value, indicating significant discount to net asset value
  • PE ratio of 12.3x is modest for an industrials conglomerate, suggesting undemanding valuations
  • 5-year stock CAGR of 19% and 10-year stock CAGR of 19% demonstrate consistent long-term wealth creation
  • 5-year compounded sales growth of 27% shows strong revenue expansion over a medium-term horizon
  • Working capital days reduced from 49.0 days to 37.6 days, reflecting improved operational efficiency
  • TTM sales growth of 5% and TTM profit growth of 11% indicate recent momentum in earnings outpacing revenue
  • 10-year compounded sales growth of 20% demonstrates a sustained long-term revenue trajectory
Bear Case 8
  • 3-year average ROE of just 3% is very low for an industrial company, indicating poor capital efficiency
  • 3-year compounded profit growth is negative at -9%, showing earnings deterioration over the medium term
  • 5-year compounded profit growth is flat at 0%, meaning no net earnings improvement over half a decade
  • Dividend payout is only 8.04% of profits over last 3 years, offering minimal shareholder returns
  • Dividend yield of just 0.32% provides negligible income to investors
  • 1-year stock return of -3% shows recent underperformance and negative price momentum
  • 3-year compounded sales growth of only 2% suggests revenue stagnation in the near term after a strong prior period
  • Last year ROE of 3% and 5-year ROE of 5% remain well below cost of equity for most industrial peers

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

AI News Digest

121d ago

TL;DR: Kirloskar Industries is on solid footing driven by subsidiary KFIL's strong FY26 results (73% profit growth) and a meaningful export order worth $13.51M. No material headwinds emerged in the period. Active investor engagement and board strengthening signal confidence; the trend is improving with export diversification and post-merger earnings momentum as key catalysts to watch.

Positives 3
  • KFIL FY26 net profit up 73% Jun 12

    Kirloskar Ferrous Industries reported FY26 net profit of ₹504.74 crore, up 73% YoY, with revenue rising to ₹6,888.57 crore supported by merger benefits.

  • KFIL wins $13.51M export order Jun 18

    Kirloskar Ferrous Industries secured a USD 13.51 million contract to supply 30,000 MT of pig iron to a London-based buyer, with shipment due by August 15, 2026.

  • Independent director appointment Jun 12

    Pallavi Gokhale co-opted as Additional Independent Director effective June 12, 2026, bringing over two decades of consulting and corporate governance experience.

Neutral 2
  • Investor meet scheduled Jun 24 Jun 19

    Kirloskar Industries will hold a virtual investor meeting on June 24, 2026 with BristleStone Equity Fund and analysts.

  • KFIL meets Molecule Ventures Jun 16

    Material subsidiary KFIL held a 1x1 meeting with Molecule Ventures on June 18, 2026.

Quarterly Results

₹ Cr
KIRLOSIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,508
1,578
1,554
1,729
1,559
1,688
1,614
1,748
1,698
1,782
1,624
1,817
1,772
Expenses
1,300
1,315
1,325
1,488
1,380
1,476
1,441
1,542
1,481
1,548
1,440
1,593
1,556
Operating Profit
209
263
228
240
179
212
172
206
217
233
184
225
216
OPM %
14%
17%
15%
14%
11%
13%
11%
12%
13%
13%
11%
12%
12%
Other Income
10
−25
14.57
−19
12.53
18.06
12
39
11
13
−11
44
−12
Interest
30
30
30
32
34
37
39
36
34
33
29
30
29.67
Depreciation
47
58
64
73
61
64
66
67
64
68
68
70.41
70.37
PBT
142
150
148
116
96
129
79
142
130
145
75
170
105
Tax %
34%
39%
29%
39%
31%
29%
33%
32%
−83%
32%
34%
26%
22%
Net Profit
94
91
105
71
66
92
53
97
238
98
49
126
82
EPS (₹)
41.13
46
51.06
61.67
28.72
47.75
23.09
44.94
228
49.17
19.35
120
78.35

Profit & Loss

₹ Cr
KIRLOSIND profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,368
1,119
1,137
1,826
2,222
1,916
2,080
3,810
6,490
6,396
6,629
6,958
6,995
Expenses
1,222
970
968
1,674
1,962
1,650
1,598
3,125
5,603
5,430
5,834
6,083
6,137
Operating Profit
147
148
170
152
260
265
482
685
886
966
795
875
858
OPM %
11%
13%
15%
8%
12%
14%
23%
18%
14%
15%
12%
13%
12%
Other Income
52
56
50
2
2
14
2
10
43
−45
56
39
34
Interest
30
24
14
13
18
19
27
31
97
122
146
126
121
Depreciation
51
45
47
51
57
60
79
95
175
242
259
272
275
PBT
117
136
159
91
188
200
378
568
658
556
446
516
496
Tax %
27%
26%
25%
25%
30%
25%
18%
44%
30%
35%
31%
2%
—
Net Profit
86
100
119
68
132
151
311
316
460
361
308
503
356
EPS (₹)
63.5
74.46
77.66
51.1
86.6
98.77
169
198
220
202
143
217
266
Div. Payout %
32%
27%
26%
41%
24%
10%
6%
5%
5%
6%
9%
6%
—

Balance Sheet

₹ Cr
KIRLOSIND balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
11
Reserves
750
799
875
1,779
1,356
1,023
1,736
2,319
3,243
4,982
6,284
6,239
Borrowings
133
108
97
88
138
323
305
1,216
979
1,236
1,283
1,113
Other Liabilities
589
515
597
829
938
954
1,145
3,241
3,301
3,534
4,073
4,328
Total Liabilities
1,482
1,432
1,578
2,706
2,441
2,310
3,196
6,786
7,534
9,761
11,651
11,690
Fixed Assets
548
556
587
599
650
897
1,057
2,780
3,107
3,259
3,597
3,669
CWIP
31
8
19
76
62
144
243
418
423
768
653
753
Investments
422
511
505
1,423
933
541
1,068
1,190
1,575
3,392
4,730
4,399
Other Assets
480
357
467
608
796
728
828
2,398
2,429
2,342
2,672
2,869
Total Assets
1,482
1,432
1,578
2,706
2,441
2,310
3,196
6,786
7,534
9,761
11,651
11,690

Cash Flow

₹ Cr
KIRLOSIND cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
156
104
88
107
112
185
256
317
760
576
600
871
Investing
−56
6
−51
−31
−108
−258
−194
−211
−369
−600
−537
−471
Financing
−101
−113
−28
−87
−4
108
−56
−56
−397
−5
−70
−355
Net Cash Flow
−1
−4
9
−11
0
35
6
50
−5
−29
−7
46
Free Cash Flow
97
70
14
19
−52
−134
36
−111
345
84
96
421
CFO/OP
119
87
72
88
61
84
73
66
110
79
90
103

Ratios

KIRLOSIND financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
47
46
63
59
62
56
63
78
46
52
58
57
Inventory Days
52
57
76
64
66
77
94
138
111
113
108
102
Days Payable
91
84
102
105
116
122
122
149
101
95
103
112
Cash Conversion Cycle
8
19
37
17
12
11
35
66
55
70
63
47
Working Capital Days
−25
−6
14
3
30
38
34
72
47
52
57
58
ROCE %
13%
14%
14%
6%
10%
12%
19%
15%
13%
11%
7%
7%

Insights

Beta

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

Log in to view Kirloskar Industries insights

62 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.87%
  • Public 19.60%
  • Others 6.20%
  • DIIs 1.87%
  • FIIs 0.47%

No promoter shares pledged as of Sep 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 Industries

What does Kirloskar Industries Ltd do?
Kirloskar Industries Limited is the listed core investment company of the Kirloskar Group. Its consolidated operations are dominated by 46%-owned subsidiary Kirloskar Ferrous Industries Limited, an integrated ferrous manufacturer spanning iron ore, pig iron, castings, alloy steel and seamless tubes.
Where is Kirloskar Industries Ltd (KIRLOSIND) listed?
Kirloskar Industries Ltd trades as KIRLOSIND on the NSE and under code 500243 on the BSE.
Which sector does Kirloskar Industries Ltd belong to?
Kirloskar Industries Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the PE ratio of Kirloskar Industries Ltd?
Kirloskar Industries Ltd trades at a PE ratio of 12.41 as of 4 Nov 2026, on earnings per share of ₹266.46, against a book value of ₹5,943.68 per share.
What is the 52-week high and low of Kirloskar Industries Ltd?
Over the last 52 weeks Kirloskar Industries Ltd has traded between ₹2,463 and ₹4,574.8 as of 4 Nov 2026.
Does Kirloskar Industries Ltd pay dividends?
Kirloskar Industries Ltd has a dividend yield of 0.40%.
What is the Return on Equity (ROE) of Kirloskar Industries Ltd?
Kirloskar Industries Ltd reported a return on equity of 3.77%. Its debt-to-equity ratio is 0.18.

Company Information

Kirloskar Industries Limited is the listed core investment company of the Kirloskar Group. Its consolidated operations are dominated by 46%-owned subsidiary Kirloskar Ferrous Industries Limited, an integrated ferrous manufacturer spanning iron ore, pig iron, castings, alloy steel and seamless tubes. KIL also owns Avante Spaces, which is developing Grade-A commercial real estate in Pune, and holds strategic listed stakes in Kirloskar Brothers, Kirloskar Oil Engines and Kirloskar Pneumatic. The parent’s standalone income is mainly dividends, interest and investment returns; consolidated analysis is necessary to capture KFIL and the real-estate investment cycle.

Website kil.net.in
CEO Ms. Aditi V. Chirmule A.C.S., B.Com.
Employees 7,000
Listed 24 Jun 2010
Face Value ₹10

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