Kirloskar Ferrous Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹7,214 Cr
- P/E
- 18.45
- ROE
- 14.53%
- PEG
- 2.86
- Price to sales
- 1.04
- Debt to equity
- 0.27
- 52W high / low
- ₹525 / ₹348
- Sales growth (5Y)
- 27.58%
- EBITDA margin
- 12.11%
- Net profit margin
- 7.70%
- Promoter holding
- 50.78%
- Sales (last year)
- ₹6,935 Cr
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.[1]
Guidance scorecard · Q1 FY27 call
What Kirloskar Ferrous Industries Ltd's management guided
and where it ranks in Ferrous Metals
Ferrous Metals
RevenueQ1 FY27 call
10–20%- 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.
2 more points from Kirloskar Ferrous Industries Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Kirloskar Ferrous Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- 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.
- Battery storage systems planned for renewable energy to mitigate regulatory impact; initial capacities around 50-70 MW.
FundraisingQ1 FY27 call
PlannedSee what Kirloskar Ferrous Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- 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.
2 more points from Kirloskar Ferrous Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jai Balaji Industries LtdGood growth2
- Strong growth1
- Indian Metals & Ferro Alloys LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Ferrous Metals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹59 Cr | 9.4 | |
| 2 | Jai Balaji Industries Ltd | 20–40% | Flat | ₹6,599 Cr | 45.1 |
| 3 | Indian Metals & Ferro Alloys Ltd | 20–40% | Flat | ₹6,366 Cr | 12.1 |
| 4 | 10–20% | Up 2%+ | ₹70,612 Cr | 14.6 | |
| 5 | Kirloskar Ferrous Industries LtdThis stock | 10–20% | Up 0–2% | ₹7,471 Cr | 19.1 |
| 6 | 10–20% | Flat | ₹2.97L Cr | 24.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Ferrous Metals rankingFinancials of Kirloskar Ferrous Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kirloskar Ferrous Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 991 | 1,498 | 1,559 | 1,545 | 1,532 | 1,554 | 1,667 | 1,609 | 1,736 | 1,685 | 1,728 | 1,590 | 1,781 |
| Expenses + | 833 | 1,288 | 1,303 | 1,329 | 1,351 | 1,366 | 1,472 | 1,433 | 1,538 | 1,471 | 1,514 | 1,407 | 1,555 |
| Operating Profit | 158 | 210 | 256 | 216 | 181 | 187 | 195 | 177 | 199 | 214 | 214 | 183 | 226 |
| OPM % | 16% | 14% | 16% | 14% | 12% | 12% | 12% | 11% | 11% | 13% | 12% | 11% | 13% |
| Other Income + | 3 | 4 | -31 | 10 | -18 | 8 | 17 | 10 | 28 | 12 | 9 | -8 | 47 |
| Interest | 23 | 29 | 30 | 29 | 32 | 33 | 37 | 39 | 35 | 34 | 33 | 29 | 30 |
| Depreciation | 28 | 46 | 57 | 60 | 69 | 58 | 60 | 62 | 64 | 62 | 64 | 65 | 66 |
| Profit before tax | 110 | 139 | 139 | 137 | 62 | 104 | 115 | 85 | 128 | 130 | 126 | 81 | 177 |
| Tax % | 26% | 31% | 37% | 31% | 29% | 28% | 26% | 28% | 25% | 27% | 27% | 29% | 26% |
| Net Profit + | 82 | 96 | 87 | 94 | 44 | 76 | 85 | 61 | 96 | 96 | 92 | 58 | 130 |
| EPS in Rs | 5.89 | 6.92 | 6.26 | 6.75 | 3.17 | 5.42 | 5.16 | 3.72 | 5.80 | 5.82 | 5.61 | 3.49 | 7.88 |
Financials of Kirloskar Ferrous Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,365 | 1,114 | 1,277 | 1,765 | 2,159 | 1,850 | 2,038 | 3,615 | 6,399 | 6,134 | 6,566 | 6,784 |
| Expenses + | 1,214 | 963 | 1,105 | 1,654 | 1,945 | 1,634 | 1,577 | 2,968 | 5,559 | 5,266 | 5,803 | 5,948 |
| Operating Profit | 151 | 151 | 172 | 111 | 214 | 216 | 462 | 647 | 840 | 868 | 764 | 836 |
| OPM % | 11% | 14% | 13% | 6% | 10% | 12% | 23% | 18% | 13% | 14% | 12% | 12% |
| Other Income + | 1 | 2 | 5 | 4 | 3 | 15 | 3 | 11 | 44 | -39 | 57 | 60 |
| Interest | 30 | 24 | 11 | 11 | 16 | 17 | 25 | 28 | 95 | 120 | 144 | 125 |
| Depreciation | 50 | 44 | 46 | 50 | 54 | 58 | 76 | 88 | 169 | 232 | 244 | 257 |
| Profit before tax | 72 | 85 | 121 | 54 | 147 | 156 | 363 | 543 | 619 | 477 | 432 | 514 |
| Tax % | 31% | 32% | 27% | 30% | 33% | 28% | 17% | 25% | 29% | 33% | 27% | 27% |
| Net Profit + | 49 | 58 | 88 | 38 | 98 | 112 | 302 | 406 | 440 | 322 | 317 | 376 |
| EPS in Rs | 3.59 | 4.20 | 6.40 | 2.77 | 7.13 | 8.15 | 21.84 | 29.28 | 31.64 | 23.08 | 19.27 | 22.77 |
| Dividend Payout % | 35% | 30% | 27% | 45% | 28% | 25% | 23% | 19% | 17% | 24% | 29% | 13% |
Financials of Kirloskar Ferrous Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 3,384 | 3,682 |
| 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 | 1,609 | 1,777 |
| Total Liabilities | 928 | 857 | 986 | 1,199 | 1,390 | 1,619 | 1,933 | 3,598 | 5,472 | 5,892 | 6,354 | 6,578 |
| Fixed Assets + | 542 | 550 | 574 | 561 | 608 | 854 | 1,012 | 1,160 | 2,990 | 3,103 | 3,409 | 3,473 |
| CWIP | 31 | 8 | 19 | 73 | 62 | 144 | 162 | 219 | 205 | 487 | 292 | 293 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 489 | 58 | 10 | 10 | 10 |
| Other Assets + | 355 | 298 | 392 | 565 | 720 | 621 | 758 | 1,729 | 2,219 | 2,291 | 2,643 | 2,802 |
| Total Assets | 928 | 857 | 986 | 1,199 | 1,390 | 1,619 | 1,933 | 3,598 | 5,472 | 5,892 | 6,354 | 6,578 |
Financials of Kirloskar Ferrous Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 161 | 116 | 75 | 129 | 158 | 204 | 296 | 168 | 804 | 567 | 660 | 952 |
| Cash from Investing Activity + | -57 | -32 | -70 | -57 | -161 | -316 | -223 | -910 | -217 | -635 | -480 | -459 |
| Cash from Financing Activity + | -106 | -89 | 2 | -79 | 2 | 118 | -70 | 756 | -605 | 48 | -173 | -453 |
| Net Cash Flow | -1 | -5 | 7 | -7 | -1 | 6 | 3 | 14 | -18 | -20 | 8 | 40 |
| Free Cash Flow | 102 | 83 | 1 | 70 | -4 | -113 | 82 | -256 | 388 | 52 | 237 | 521 |
| CFO/OP | 116% | 89% | 57% | 129% | 93% | 108% | 83% | 44% | 115% | 82% | 99% | 115% |
Financials of Kirloskar Ferrous Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 46 | 60 | 60 | 64 | 58 | 65 | 54 | 48 | 53 | 58 | 59 |
| Inventory Days | 52 | 57 | 61 | 69 | 67 | 76 | 99 | 92 | 106 | 111 | 110 | 99 |
| Days Payable | 91 | 84 | 82 | 114 | 118 | 121 | 128 | 143 | 102 | 92 | 102 | 109 |
| Cash Conversion Cycle | 8 | 19 | 39 | 16 | 13 | 13 | 35 | 3 | 52 | 72 | 66 | 49 |
| Working Capital Days | -16 | -3 | 13 | 4 | 11 | -7 | -1 | -37 | 10 | 9 | 5 | 3 |
| ROCE % | 17% | 18% | 20% | 10% | 23% | 19% | 33% | 30% | 22% | 15% | 13% | 14% |
Guidance history
How Kirloskar Ferrous Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | Planned | — |
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
24 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −16.9% | 40% |
| Last 6 months | +0.4% | 54% |
| Last 3 months | −6.3% | 50% |
The price is 46.7% below its all-time high of ₹818.65 (26 Jul 2024). Stocks more than 20% below their peak have their score halved, so 48 became 24.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kirloskar Ferrous Industries Ltd: 0.4 × 40 + 0.4 × 54 + 0.2 × 50 = 48, halved to 24 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Kirloskar Ferrous Industries Ltd's management said in earlier quarters
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