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Kirloskar Ferrous Industries Ltd

KIRLFER

Kirloskar Ferrous Industries Ltd

KIRLFER
MaterialsIron & Steel
SmallcapWith a market cap of ₹8,645 cr, stock is ranked 558
Moderate RiskStock is 2.95x as volatile as Nifty
520.000.59% (-3.10)
520.000.59% (-3.10)

Price Chart

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1W
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1D
1W
1M
1Y
5Y
Max
SIP
MaterialsIron & Steel
SmallcapWith a market cap of ₹8,645 cr, stock is ranked 558
Moderate RiskStock is 2.95x as volatile as Nifty

How to use scorecard? Learn more

MaterialsIron & Steel
SmallcapWith a market cap of ₹8,645 cr, stock is ranked 558
Moderate RiskStock is 2.95x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
39.082.680.89%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
28.853.281.44%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The company is a manufacturer of pig iron and grey iron castings. The Company supplies castintgs to foundries that cater to the auto, engines and compressors, textile, pumps, pipes and fittings and fans, among others.

PE Ratio
27.16
1Y Return
18.19%
Buy Reco %
55.56
PE Ratio
-38.91
1Y Return
2.45%
Buy Reco %
58.62
PE Ratio
14.39
1Y Return
13.06%
Buy Reco %
72.00
PE Ratio
59.48
1Y Return
114.82%
Buy Reco %
100.00
PE Ratio
57.27
1Y Return
0.34%
Buy Reco %
65.00
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2022FY 2023FY 2024TTM
Total Revenue3,760.216,466.786,165.646,393.09
Raw Materialssubtract2,296.233,717.863,392.335,669.83
Power & Fuel Costsubtract123.83545.29538.09
Employee Costsubtract139.50319.68336.90
Selling & Administrative Expensessubtract172.22232.20246.42
Operating & Other expensessubtract373.62766.71839.12
Depreciation/Amortizationsubtract92.04172.58239.38261.41
Interest & Other Itemssubtract29.5895.47120.50141.02
Taxes & Other Itemssubtract186.08179.65155.1199.61
EPS25.0231.5021.4015.88
DPS5.505.505.505.50
Payout ratio0.220.170.260.35

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Kirloskar Ferrous Industries Ltd29.032.680.89%
JSW Steel Ltd27.163.000.93%
Tata Steel Ltd-38.911.872.60%
Jindal Steel And Power Ltd14.391.910.23%

Price Comparison

Compare KIRLFER with any stock or ETF
Compare KIRLFER with any stock or ETF
KIRLFER
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 5.54%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Decreased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 3.43%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.91%9.74%0.73%1.94%36.68%

Jun 2024

Sep 2024

Oct 2024

Dec 2024

Shareholding History

Dec '23MarJunSepOctDec '241.71%1.86%1.98%1.86%1.83%1.94%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Kirloskar Ferrous Industries Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
5.1997%1.44%0.04%16/90 (+6)
1.4306%1.39%0.03%35/63 (-5)
1.0088%0.15%0.00%197/240 (-3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

Cash Dividend

Ex DateEx DateFeb 14, 2025

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Feb 14, 2025

Past Dividends

Cash Dividend

Ex DateEx DateSep 13, 2024

Final
Final | Div/Share: ₹2.50

Dividend/Share

2.50

Ex DateEx Date

Sep 13, 2024

Cash Dividend

Ex DateEx DateMar 15, 2024

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Mar 15, 2024

Cash Dividend

Ex DateEx DateJul 14, 2023

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 14, 2023

Cash Dividend

Ex DateEx DateFeb 17, 2023

Interim
Interim | Div/Share: ₹2.50

Dividend/Share

2.50

Ex DateEx Date

Feb 17, 2023

Cash Dividend

Ex DateEx DateJul 21, 2022

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 21, 2022

News & Opinions
Spotlight
Kirloskar Ferrous Q3 PAT slides 48% YoY to Rs 54 cr

However, revenue from operations rose 3.8% YoY to Rs 1,607.60 crore in the quarter ended 31 December 2024. Profit before tax was at Rs 78.52 crore in the third quarter of FY25, down 46.9% compared to Rs 147.88 crore recorded in the corresponding quarter previous year. The company reported an EBITDA of Rs 173.8 crore for Q3 FY25, registering a 25% decline compared to Rs 232.1 crore in the same quarter of the previous year. The EBITDA margin decreased to 11% in Q3 FY25, down from 15% in Q3 FY24. On nine-month basis, the company's consolidated net profit fell 27.9% to Rs 201.70 crore in 9M FY25, compared to Rs 279.93 crore in Q3 FY24. Revenue from operations rose 4.7% YoY to Rs 4,827.28 crore in 9M FY25. R.V. Gumaste, MD, KFIL, said, We had a stable third quarter at KFIL, with revenue increasing by 4% year-on-year. However, margins remained under pressure due to lower realizations on pig iron and steel. In our casting and tube business, we are beginning to see early signs of recovery. During the quarter, we commissioned oxygen enrichment, enabling increased utilization of pulverized coal, which reduces coke consumption, thereby enhancing productivity. This quarter also marked the commencement of mining operations with an annual permitted capacity of 1.24 lakh MT, reinforcing our vision of an integrated business model'ranging from mines to machined castings and mines to seamless tubes. Additionally, we commissioned Phase II of the Jalna solar power project, bringing our total capacity to 69 MW DC at Jalna. This milestone is a significant step in our sustainability efforts, strengthening our commitment to responsible business operations. Meanwhile, the company's board has declared an interim dividend of Rs 3 per equity share for the financial year 2024-2025. The record date for determining the list of members entitled to the interim dividend has been set for Friday, 14 February 2025. The interim dividend will be paid on or before 3 March 2025 through various payment methods, including direct credit, NEFT, RTGS, NECS, or demand drafts, as applicable. Kirloskar Ferrous Industries is one of India's largest castings and pig iron manufacturers. The company caters to various industry sectors, such as tractors, automobiles and diesel engines. The scrip shed 0.07% to Rs 543.65 on the BSE. Powered by Capital Market - Live

5 days agoCapital Market - Live
Corporate
Board of Kirloskar Ferrous Industries recommends interim dividend

Kirloskar Ferrous Industries announced that the Board of Directors of the Company at its meeting held on 4 February 2025, inter alia, have recommended the interim dividend of Rs 3 per equity Share (i.e. 60%) , subject to the approval of the shareholders.Powered by Capital Market - Live

5 days agoCapital Market - Live
Earnings
Kirloskar Ferrous Industries consolidated net profit declines 48.44% in the December 2024 quarter

Net profit of Kirloskar Ferrous Industries declined 48.44% to Rs 54.31 crore in the quarter ended December 2024 as against Rs 105.33 crore during the previous quarter ended December 2023. Sales rose 3.84% to Rs 1607.60 crore in the quarter ended December 2024 as against Rs 1548.21 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1607.601548.21 4 OPM %10.8114.99 - PBDT143.89211.34 -32 PBT78.52147.88 -47 NP54.31105.33 -48 Powered by Capital Market - Live

5 days agoCapital Market - Live
Corporate
Kirloskar Ferrous Industries to discuss results

Kirloskar Ferrous Industries will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Kirloskar Ferrous Industries allots 22,345 equity shares under ESOS

Kirloskar Ferrous Industries has allotted 22,345 equity shares under ESOS. Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs 82,29,08,940 comprising of 16,45,81,788 equity shares of Rs 5 each. Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Sensex, Nifty trade lower; Financial services shares under pressure

The domestic equity benchmarks traded with moderate cuts in mid-morning trade. The Nifty hovered below the 24,300 level after hitting the day's high of 24,394.45 in morning trade. Financial services shares extended losses for the third consecutive trading session. At 11:29 IST, the barometer index, the S&P BSE Sensex, declined 347.52 points or 0.43% to 80,334.67 . The Nifty 50 index lost 83.65 points or 0.34% to 24,252.35. In the broader market, the S&P BSE Mid-Cap index declined 0.22% and the S&P BSE Small-Cap index fell 0.33%. The market breadth was negative. On the BSE, 1,585 shares rose and 2,209 shares fell. A total of 136 shares were unchanged. Buzzing Index: The Nifty Financial Services index declined 1.04% to 24,243.30. The index fell 2.56% in three consecutive trading sessions. REC (down 2.61%), Power Finance Corporation (down 1.50%), ICICI Bank (down 1.40%), Axis Bank (down 1.25%), Multi Commodity Exchange of India (down 1.22%), HDFC Bank (down 1.12%), ICICI Lombard General Insurance Company (down 0.95%), State Bank of India (down 0.91%), Bajaj Finserv (down 0.80%) and HDFC Asset Management Company (down 0.73%) declined. On the other hand, Muthoot Finance (up 0.64%) and SBI Cards & Payment Services (up 0.08%) edged higher. Stocks in Spotlight: Kirloskar Ferrous Industries rose 1.61% after the company said that it has commenced the dispatch of iron ore from the Kirloskar Bharath Mines commenced from 17 December 2024. Piramal Enterprises slipped 3.20% after the company informed that its board is scheduled to meet on Friday, 20 December 2024, to consider and approve the public issuance of non-convertible debentures (NCDs). VA Tech Wabag dropped 7.88% after the company's said that its Rs 2,700 crore order for a 300 MLD mega seawater desalination plant from Saudi Arabia has been canceled. Global Markets: Most Asian shares advanced on Wednesday, shrugging off modest declines on Wall Street as investors awaited the Federal Reserve's final interest rate decision of the year. While a 25-basis-point rate cut is widely anticipated, the market is keenly focused on the Fed's outlook for next year, given the potential impact of proposed policies that could reignite inflationary pressures. Japan's trade balance unexpectedly improved in November, supported by stronger-than-expected exports driven by increased demand from the U.S. and China and a weaker yen. The trade deficit narrowed to 117.6 billion yen ($770 million). US indices retreated on Tuesday as investors exercised caution ahead of the rate decision, with the tech sector experiencing a slight pullback from recent gains. The S&P 500 fell 0.4% to 6050.61 points, the NASDAQ Composite lost 0.3% to 20,108.30 points, and the Dow Jones Industrial Average closed 0.6% lower at 43,449.90 points. NVIDIA Corporation dropped 1.2%, while Alphabet fell 0.5%. Pfizer rose 4.6% after confirming that its 2025 profit expectations remain largely unchanged. Meanwhile, data showed US retail sales rose by 0.7% in November, exceeding forecasts. This robust figure suggests the economy remains strong and consumer spending remains healthy, despite challenges like inflation and high interest rates. This strength is underpinned by a solid job market and stable household finances. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Kirloskar Ferrous Inds edges higher after commencing iron ore supply from Bharath Mines

The supply of iron ore from the said mine started after the receipt of necessary approvals from Department of Forest, Government of Karnataka. In September 2018, Kirloskar Ferrous was declared as the 'preferred bidder' in respect of e-auction of Bharath Mines & Minerals based on highest final price offer submitted by the company. The company had entered into the mining lease deed with the Government of Karnataka, Department of Mines and Geology for the aforesaid mine to conduct mining operations for a period of 50 years in March 2021. Kirloskar Ferrous Industries is one of India's largest castings and pig iron manufacturers. The company caters to various industry sectors, such as tractors, automobiles and diesel engines. The company reported 4.93% decline in consolidated net profit to Rs 77.64 crore in Q2 FY25 as compared to Rs Rs 81.67 crore in Q2 FY24. However, revenue from operation gained 6.81% to Rs 1,666.02 crore in Q2 FY25 as compared to Rs 1,559.69 crore posted in the same period last year. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Kirloskar Ferrous drops as Q2 PAT slides 5% YoY to Rs 78 cr

However, revenue from operation gained 6.81% to Rs 1,666.02 crore in Q2 FY25 as compared to Rs 1,559.69 crore posted in the same period last year. Profit before tax was at Rs 107.80 crore in the second quarter of FY25, down 18.99% as against Rs 133.08 crore in Q2 FY24. The firm reported exceptional loss of Rs 36.73 crore during the second quarter of FY24. EBITDA stood at Rs 194.1 crore, registering the de-growth of 23.34% as compared with Rs 253.2 crore posted in same quarter last year. EBITDA margin reduced to 12% in Q2 FY25 as against 16% in Q2 FY24. On half year basis, the company's net profit declined 15.58% to Rs 147.38 crore in Q2 FY25 as against Rs 174.59 crore posted in Q2 FY24. Revenue from operations was at Rs 3,219.68 crore in Q2 FY25, jumped 5.14% year on year. R.V.Gumaste, MD, KFIL, said In Q2, we observed a 7% growth in revenue; however, profitability declined due to margin pressure across product lines. This quarter, we commenced trial run operations at Oliver Engineering, subsidiary located near Chandigarh, which will enhance our reach to customers in North India. The solar project in Jalna is progressing as well and expected to complete the remaining 35MW by end of November. We anticipate demand to pick up in the second half of the year, as early indications suggest an uptick in capital expenditure post-elections, particularly for steel and seamless pipes.' Kirloskar Ferrous Industries is one of India's largest castings and pig iron manufacturers. The company caters to various industry sectors, such as tractors, automobiles and diesel engines.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Kirloskar Ferrous Industries consolidated net profit declines 4.92% in the September 2024 quarter

Net profit of Kirloskar Ferrous Industries declined 4.92% to Rs 77.64 crore in the quarter ended September 2024 as against Rs 81.66 crore during the previous quarter ended September 2023. Sales rose 6.82% to Rs 1666.02 crore in the quarter ended September 2024 as against Rs 1559.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1666.021559.69 7 OPM %11.6516.24 - PBDT170.87226.85 -25 PBT107.80169.81 -37 NP77.6481.66 -5 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Kirloskar Ferrous Industries allots 49,855 equity shares under ESOS

Kirloskar Ferrous Industries has allotted 49,855 equity shares under ESOS on 06 November 2024. Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs 82,27,97,215 comprising of 16,45,59,443 equity shares of Rs 5 each. Powered by Capital Market - Live

3 months agoCapital Market - Live