Kirloskar Industries Ltd
Kirloskar Ind is engaged in the business of Iron castings, Investments (Securities and Properties), Wind power generation and real estate.
The Company owns lands, buildings, apartments and offices in Pune, New Delhi and Jaipur. The Co. has given most of these lands, buildings and offices on a lease and license basis to the group and other companies. [1] [2]
- Market Cap ₹ 3,104 Cr.
- Current Price ₹ 2,943
- High / Low ₹ 4,726 / 2,456
- Stock P/E 40.1
- Book Value ₹ 5,372
- Dividend Yield 0.44 %
- ROCE 2.11 %
- ROE 1.62 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.55 times its book value
Cons
- Promoter holding has decreased over last quarter: -0.65%
- The company has delivered a poor sales growth of 6.65% over past five years.
- Company has a low return on equity of 2.35% over last 3 years.
- Earnings include an other income of Rs.28.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 60 | 76 | 48 | 72 | 46 | 86 | 55 | 100 | 114 | 120 | 119 | 106 | |
| 7 | 7 | 7 | 10 | 20 | 17 | 17 | 21 | 18 | 18 | 27 | 23 | 17 | |
| Operating Profit | 57 | 53 | 69 | 38 | 52 | 29 | 69 | 34 | 82 | 96 | 93 | 96 | 89 |
| OPM % | 90% | 88% | 90% | 80% | 72% | 63% | 80% | 62% | 82% | 84% | 77% | 81% | 84% |
| 0 | 2 | 0 | 0 | 0 | 32 | 0 | 3 | 3 | 1 | 14 | 9 | 29 | |
| Interest | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 1 |
| Depreciation | 3 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 |
| Profit before tax | 54 | 54 | 68 | 37 | 49 | 57 | 65 | 32 | 80 | 93 | 102 | 101 | 115 |
| Tax % | 14% | 17% | 12% | 23% | 14% | 13% | 8% | 16% | 24% | 20% | 27% | 23% | |
| 47 | 45 | 60 | 29 | 42 | 50 | 59 | 27 | 61 | 74 | 75 | 78 | 85 | |
| EPS in Rs | 48.07 | 46.48 | 62.06 | 29.69 | 43.69 | 51.00 | 61.23 | 28.01 | 62.22 | 74.96 | 75.17 | 75.21 | 80.85 |
| Dividend Payout % | 8% | 43% | 32% | 67% | 48% | 41% | 16% | 36% | 16% | 15% | 17% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 6% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 2% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 659 | 683 | 721 | 750 | 1,650 | 1,194 | 828 | 1,405 | 1,604 | 2,181 | 3,862 | 5,098 | 5,635 |
| 0 | 0 | 0 | 0 | 16 | 11 | 12 | 13 | 11 | 12 | 13 | 7 | 7 | |
| 18 | 37 | 20 | 22 | 7 | 12 | 16 | 12 | 16 | 51 | 264 | 525 | 627 | |
| Total Liabilities | 687 | 729 | 751 | 781 | 1,682 | 1,227 | 866 | 1,439 | 1,641 | 2,253 | 4,149 | 5,639 | 6,279 |
| 7 | 6 | 6 | 13 | 38 | 42 | 43 | 38 | 39 | 34 | 35 | 35 | 12 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 598 | 597 | 686 | 680 | 1,598 | 1,109 | 716 | 1,244 | 1,403 | 1,854 | 3,848 | 5,218 | 5,820 |
| 82 | 125 | 59 | 88 | 44 | 76 | 107 | 158 | 198 | 365 | 267 | 386 | 447 | |
| Total Assets | 687 | 729 | 751 | 781 | 1,682 | 1,227 | 866 | 1,439 | 1,641 | 2,253 | 4,149 | 5,639 | 6,279 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -13 | -5 | -13 | -16 | -22 | -45 | -18 | -28 | -26 | -66 | -36 | -40 | |
| 11 | 10 | 56 | 19 | 39 | 69 | 79 | 31 | 16 | 90 | 7 | -25 | |
| -4 | -4 | -43 | -1 | -21 | -23 | -32 | -0 | -10 | -10 | 14 | 61 | |
| Net Cash Flow | -6 | 0 | 0 | 3 | -3 | 1 | 29 | 2 | -20 | 15 | -15 | -4 |
| Free Cash Flow | -13 | -5 | -13 | -16 | -51 | -47 | -21 | -28 | -29 | -66 | -37 | -40 |
| CFO/OP | -6% | 0% | -7% | -15% | -19% | -135% | -16% | -56% | -10% | -16% | -16% | -22% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 0 | 0 | 2 | 14 | 5 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 2 | 14 | 5 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Working Capital Days | 11 | -159 | 25 | 53 | 44 | 336 | 255 | 551 | 107 | 110 | 4 | 9 |
| ROCE % | 8% | 8% | 10% | 5% | 4% | 4% | 6% | 3% | 5% | 5% | 3% | 2% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Castings Sales Volume MT |
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| Pig Iron Sales Volume MT |
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| Installed Castings Capacity MTPA |
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| Installed Pig Iron Capacity MTPA |
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| Tubes / Seamless Tubes Sales Volume MT |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21h - Dear Sir/Madam, Please find enclosed the certificate pursuant to 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018, dated 6 April 2026, issued by …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Apr - Dear Sir/Madam, Please find enclosed herewith copies of the Newspaper Advertisement published in the Financial Express (English) and Loksatta (Marathi), each on 3 April 2026, …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Apr - Dear Sir/Madam, Please find enclosed herewith copies of the Newspaper advertisement published in Financial Express (English) and Loksatta (Marathi), each on 3 April 2026, regarding …
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Closure of Trading Window
27 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for quarter/year ended 31 Mar 2026.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
26 Mar - Income Tax penalty Rs.1,74,72,436 imposed 25 Mar 2026 under Section 270A; company appealing.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Revenue Segments FY22
Iron castings The Co. earns 92% revenues via its subsidiary (51% stake) Kirloskar Ferrous Industry limited
Tube: ~4%
Investments in Securities and Properties: 1% [1]
The Company's Standalone Business mainly consists of Dividend income from group companies and property licensing fees, contributing 90% of Standalone total income collectively. [2] [3]