Kirloskar Ferrous Industries Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Ferrous Metals | Market Cap: ₹7.3K Cr
Targeting revenue of INR 14,000 crores in the medium term with 3 lakh tons casting sales and 4 lakh tons tube sales. The company expects volumetric growth of at least 15% overall in the coming three quarters, supported by growth in castings (up 19% in Q1) and steel (20%+ growth in external sales) and a 10% growth in tubes.
From Kirloskar Ferrous Industries Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹436
Market Cap
₹7.3K Cr
P/E Ratio
18.6
Revenue Rank
Margin Rank
How does Kirloskar Ferrous Industries Ltd rank in Ferrous Metals?
Compare Kirloskar Ferrous Industries Ltd against every Ferrous Metals company this quarter on revenue, margins and earnings-call signals.
Kirloskar Ferrous Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.8K Cr, net profit ₹130 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Targeting revenue of INR 14,000 crores in the medium term with 3 lakh tons casting sales and 4 lakh tons tube sales.
- →Casting capacity to reach 3 lakh metric tons per annum within 3-4 years, including expansions like the sixth foundry and machining capacity.
- →Steel external sales expected to establish 2.4 lakh tons annually, linked with Koppal steel project in 2 years.
- →Tube capacity aiming to increase to 3.5 lakh tons per annum after expander mill completion (expander mill takes 2 years).
- →Volumetric growth guidance: ~15% overall, with castings growing around 17-20%, steel external sales 20%, and tubes about 10% compared to last year.
- →Large casting capacity expected to ramp up to 500-600 tons per month in 1-1.5 years.
- →Pig iron sales anticipated close to 7 lakh metric tons for the current year, maintaining around 0.5 million ton sales despite steelmaking conversions.
- →Capex planned at INR 600-700 crores annually, with overall INR 3,000-3,500 crores over next 4 years to support growth.
📈 Profitability & Margins
Rank 2- →The company expects volumetric growth of at least 15% overall in the coming three quarters, supported by growth in castings (up 19% in Q1) and steel (20%+ growth in external sales) and a 10% growth in tubes.
- →EBITDA margins are expected to improve, especially in pig iron and castings, with steel and tube EBITDA margins historically at 14-17%. Overall company-level EBITDA should improve beyond the current 12-12.25%.
- →Pig iron prices have stabilized with a slight delta improvement in realizations despite rising raw material costs, supporting profitability.
- →The company aims to increase sales volumes and realizations through price corrections and market recovery in tubes and castings.
- →Capex of around INR 600-700 crores in the current year, possibly higher next year, will support capacity expansions, leading to higher future earnings.
- →Long-term target includes INR 14,000 crores revenue with 3 lakh tons casting and 4 lakh tons tube sales in the medium term (3-4 years).
- →Management is cautiously optimistic given market volatility but expects improved earnings traction in upcoming quarters.
🏗️ Capital Expenditure Plans
Yes- →Capex guidance for current year: INR 600-700 crores, with potential to increase as large projects trigger.
- →Total planned capex of INR 3,000-3,500 crores over next 4 years.
- →Key ongoing/upcoming projects:
- → - Expansion of Rajpura foundry in 2 phases to 70,000 metric tons per annum.
- → - Completion of 2-part foundry in Solapur (15,000 metric ton/annum capacity).
- → - Hiriyur pig iron plant upgrade (capacity to 360,000 metric tons) with efficiency improvements.
- → - Oxygen plant and enhanced pulverized coal injection at Koppal blast furnaces (completion expected Feb-Mar).
- → - Jejuri rolling capacity enhancement to 25,000 metric tons/month.
- → - New premium couplings manufacturing project at Baramati.
- → - Large projects: steel plant at Koppal, expander mill for large seamless tubes at Baramati, beneficiation and pellet plant, iron ore mine operationalization at Koppal.
- →Battery storage systems planned for renewable energy to mitigate regulatory impact; initial capacities around 50-70 MW.
💰 Fundraising & Capital Structure
Yes- →The transcript does not explicitly mention any current or planned new fundraising through debt or equity.
- →The company is undertaking several capex projects estimated at around INR 3,000 to 3,500 crores over the next 4 years.
- →Capex for the current year is expected to be around INR 600-700 crores, with higher spends likely in the subsequent years.
- →The management has indicated caution in capex execution due to geopolitical risks but did not mention any specific fundraising plans.
- →No direct references to equity issuance or new debt raising were made during the discussion.
- →Focus appears to be on internal cash flows and projects execution; regulatory and market volatility are being managed without new fundraising announcements.
📋 Order Book & Pipeline
No information- →The company has an orderbook of approximately 23,000 tons in the tube segment, including orders from ONGC and Oil India, which also includes couplings.
- →Execution of these orders is expected to be completed within the next 2 quarters.
- →Large casting foundry capacity is ramping up, targeting 500 to 600 tons per month within 1 to 1.5 years, with full capacity utilization a year after that.
- →The company is focused on increasing premium and high-value product offerings in tubes, including oil and gas segments.
- →Internal capacity expansions and new projects are underway to meet growing demand, including capacity increase for tubes from 10 inches to 18 inches to cover 100% of the market over 2 years.
- →Steel segment expansion at Koppal is planned with a 2-year timeline to increase external sales capacity substantially.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Kirloskar Ferrous Industries Ltd Q1 FY27 results?
Targeting revenue of INR 14,000 crores in the medium term with 3 lakh tons casting sales and 4 lakh tons tube sales. The company expects volumetric growth of at least 15% overall in the coming three quarters, supported by growth in castings (up 19% in Q1) and steel (20%+ growth in external sales) and a 10% growth in tubes.
What is Kirloskar Ferrous Industries Ltd share price analysis?
Kirloskar Ferrous Industries Ltd currently shows a below-average growth signal. The stock trades at a P/E of 18.6 with a market cap of ₹7,281 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kirloskar Ferrous Industries Ltd planning capital expenditure?
Capex guidance for current year: INR 600-700 crores, with potential to increase as large projects trigger.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.