KFIL, incorporated in 1991, is a part of the Pune-based Kirloskar Group. KFIL manufactures pig iron and ferrous castingssuch 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.[1]
Product Portfolioa) Pig Iron– KFIL produces high-quality pig iron used by foundries and steel mills, especially in the automotive and engineering industries.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Kirl. Ferrous | 455.25 | 21.79 | 7506.43 | 1.22 | 92.34 | 8.75 | 1728.00 | 3.65 | 12.64 | 6758.49 | 11.87 | 344.92 | 92.34 | 2.06 | 5.25 | 0.36 |
| – | Median: 1 Co. | 455.25 | 21.79 | 7506.43 | 1.22 | 92.34 | 8.75 | 1728.0 | 3.65 | 12.64 | 6758.49 | 11.87 | 344.92 | 92.34 | 2.06 | 5.25 | 0.36 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,133 | 1,075 | 991 | 1,498 | 1,559 | 1,545 | 1,532 | 1,554 | 1,667 | 1,609 | 1,736 | 1,685 | 1,728 |
Expenses | 995 | 891 | 833 | 1,288 | 1,303 | 1,329 | 1,351 | 1,366 | 1,472 | 1,433 | 1,538 | 1,471 | 1,514 |
Operating Profit | 138 | 184 | 158 | 210 | 256 | 216 | 181 | 187 | 195 | 177 | 199 | 214 | 214 |
Other Income | 21 | 3 | 3 | 4 | -31 | 10 | -18 | 8 | 17 | 10 | 28 | 12 | 9 |
Profit before tax | 114 | 139 | 110 | 139 | 139 | 137 | 62 | 104 | 115 | 85 | 128 | 130 | 126 |
Tax % | 28% | 26% | 26% | 31% | 37% | 31% | 29% | 28% | 26% | 28% | 25% | 27% | 27% |
Net Profit | 82 | 103 | 82 | 96 | 87 | 94 | 44 | 76 | 85 | 61 | 96 | 96 | 92 |
EPS in Rs | 5.91 | 7.42 | 5.89 | 6.92 | 6.26 | 6.75 | 3.17 | 5.42 | 5.16 | 3.72 | 5.80 | 5.82 | 5.61 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,232 | 1,365 | 1,114 | 1,277 | 1,765 | 2,159 | 1,850 | 2,038 | 3,615 | 6,399 | 6,134 | 6,566 | 6,758 |
Expenses | 1,121 | 1,214 | 963 | 1,105 | 1,654 | 1,945 | 1,634 | 1,577 | 2,968 | 5,559 | 5,266 | 5,803 | 5,956 |
Operating Profit | 112 | 151 | 151 | 172 | 111 | 214 | 216 | 462 | 647 | 840 | 868 | 764 | 803 |
Other Income | 3 | 1 | 2 | 5 | 4 | 3 | 15 | 3 | 11 | 44 | -39 | 57 | 59 |
Interest | 23 | 30 | 24 | 11 | 11 | 16 | 17 | 25 | 28 | 95 | 120 | 144 | 141 |
Depreciation | 34 | 50 | 44 | 46 | 50 | 54 | 58 | 76 | 88 | 169 | 232 | 244 | 252 |
Profit before tax | 58 | 72 | 85 | 121 | 54 | 147 | 156 | 363 | 543 | 619 | 477 | 432 | 469 |
Net Profit | 40 | 49 | 58 | 88 | 38 | 98 | 112 | 302 | 406 | 440 | 322 | 317 | 345 |
EPS in Rs | 2.90 | 3.59 | 4.20 | 6.40 | 2.77 | 7.13 | 8.15 | 21.84 | 29.28 | 31.64 | 23.08 | 19.27 | 20.95 |
Dividend Payout % | 43% | 35% | 30% | 27% | 45% | 28% | 25% | 23% | 19% | 17% | 24% | 29% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 70 | 82 | 82 |
Reserves | 358 | 386 | 423 | 514 | 524 | 589 | 653 | 930 | 1,267 | 2,935 | 3,170 | 3,384 | 3,537 |
Borrowings | 190 | 133 | 108 | 111 | 72 | 127 | 311 | 292 | 1,193 | 969 | 1,224 | 1,278 | 1,290 |
Other Liabilities | 376 | 340 | 256 | 292 | 534 | 605 | 586 | 641 | 1,069 | 1,498 | 1,429 | 1,609 | 1,533 |
Total Liabilities | 992 | 928 | 857 | 986 | 1,199 | 1,390 | 1,619 | 1,933 | 3,598 | 5,472 | 5,892 | 6,354 | 6,443 |
Fixed Assets | 546 | 542 | 550 | 574 | 561 | 608 | 854 | 1,012 | 1,160 | 2,990 | 3,103 | 3,409 | 3,400 |
Gross Block | 843.22 | 882.61 | 934.14 | 985.15 | 1,002.66 | 1,100.80 | 1,395.01 | 1,627.75 | 1,841.05 | 4,886.10 | 5,200.31 | 5,731.44 | – |
Accumulated Depreciation | 296.85 | 340.75 | 383.96 | 410.99 | 441.89 | 493.19 | 540.90 | 615.93 | 680.70 | 1,896.42 | 2,097.22 | 2,322.41 | – |
CWIP | 23 | 31 | 8 | 19 | 73 | 62 | 144 | 162 | 219 | 205 | 487 | 292 | 276 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 489 | 58 | 10 | 10 | 10 |
Other Assets | 422 | 355 | 298 | 392 | 565 | 720 | 621 | 758 | 1,729 | 2,219 | 2,291 | 2,643 | 2,757 |
Total Assets | 992 | 928 | 857 | 986 | 1,199 | 1,390 | 1,619 | 1,933 | 3,598 | 5,472 | 5,892 | 6,354 | 6,443 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 107 | 161 | 116 | 75 | 129 | 158 | 204 | 296 | 168 | 804 | 567 | 660 |
Cash from Investing Activity | -85 | -57 | -32 | -70 | -57 | -161 | -316 | -223 | -910 | -217 | -635 | -480 |
Cash from Financing Activity | -25 | -106 | -89 | 2 | -79 | 2 | 118 | -70 | 756 | -605 | 48 | -173 |
Net Cash Flow | -3 | -1 | -5 | 7 | -7 | -1 | 6 | 3 | 14 | -18 | -20 | 8 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 47 | 46 | 60 | 60 | 64 | 58 | 65 | 54 | 48 | 53 | 58 |
Inventory Days | 74 | 52 | 57 | 61 | 69 | 67 | 76 | 99 | 92 | 106 | 111 | 110 |
Days Payable | 113 | 91 | 84 | 82 | 114 | 118 | 121 | 128 | 143 | 102 | 92 | 102 |
Cash Conversion Cycle | 18 | 8 | 19 | 39 | 16 | 13 | 13 | 35 | 3 | 52 | 72 | 66 |
Working Capital Days | -12 | -16 | -3 | 13 | 4 | 11 | -7 | -1 | -37 | 10 | 9 | 5 |
ROCE % | 13% | 17% | 18% | 20% | 10% | 23% | 19% | 33% | 30% | 22% | 15% | 13% |
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Stock Analysis
Kirloskar Ferrous Industries Limited (KFIL), part of the Kirloskar Group, manufactures pig iron and ferrous castings for the automobile, tractor, and diesel engine industries. It is a prominent player in the domestic pig iron and casting market.
Key growth triggers include a diverse product portfolio focused on pig iron and ferrous castings, serving core industries like automotive and tractors. Strategic initiatives like securing raw material security through iron ore mines and expanding capacities are also noted.
The company secured a ₹358 Cr order from ONGC for tube supplies in Q2 FY26.
Previous temporary suspensions at its Hiriyur and Jejuri plants have been a concern impacting production. The resumption of the Hiriyur plant is a positive step towards operational normalcy.
The next key event to watch for would be the announcement of the Q3 FY26 financial results.
Corporate Announcements
