Kirloskar Ferrous Industries Ltd

About [ edit ]

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.#

Key Points [ edit ]
  • Market Cap 3,118 Cr.
  • Current Price 226
  • High / Low 230 / 50.3
  • Stock P/E 10.3
  • Book Value 72.2
  • Dividend Yield 0.89 %
  • ROCE 34.6 %
  • ROE 35.1 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 39.23% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 25.16%

Cons

Peer comparison

Sector: Steel Industry: Steel - Pig Iron

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
496 540 583 540 482 464 455 448 213 486 590 749
462 482 512 492 437 422 403 373 201 377 445 553
Operating Profit 35 59 70 48 45 42 53 75 12 110 145 196
OPM % 7% 11% 12% 9% 9% 9% 12% 17% 5% 23% 25% 26%
Other Income 0 1 0 4 0 2 0 14 1 1 1 1
Interest 4 4 5 4 5 5 4 3 7 6 6 6
Depreciation 13 13 14 14 14 14 15 15 18 19 19 20
Profit before tax 18 43 52 33 26 24 34 71 -12 85 120 171
Tax % 43% 36% 34% 22% 30% 46% 32% 19% -39% 23% 1% 21%
Net Profit 10 27 34 26 18 13 23 57 -17 66 118 135
EPS in Rs 0.76 1.97 2.51 1.90 1.34 0.96 1.69 4.17 -1.24 4.75 8.57 9.78

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
807 1,092 1,090 1,198 1,232 1,365 1,114 1,277 1,765 2,159 1,850 2,038
714 990 996 1,089 1,121 1,214 963 1,105 1,654 1,945 1,634 1,577
Operating Profit 93 102 93 109 112 151 151 172 111 214 216 462
OPM % 12% 9% 9% 9% 9% 11% 14% 13% 6% 10% 12% 23%
Other Income 10 1 2 2 3 1 2 5 4 3 15 3
Interest 7 4 10 15 23 30 24 11 11 16 17 25
Depreciation 26 27 29 33 34 50 44 46 50 54 58 76
Profit before tax 70 72 56 62 58 72 85 121 54 147 156 363
Tax % 30% 33% 33% 37% 31% 31% 32% 27% 30% 33% 28% 17%
Net Profit 49 48 37 39 40 49 58 88 38 98 112 302
EPS in Rs 3.57 3.52 2.70 2.85 2.90 3.59 4.20 6.40 2.77 7.13 8.15 21.84
Dividend Payout % 28% 28% 37% 44% 43% 35% 30% 27% 45% 28% 25% 23%
Compounded Sales Growth
10 Years:6%
5 Years:13%
3 Years:5%
TTM:10%
Compounded Profit Growth
10 Years:20%
5 Years:39%
3 Years:98%
TTM:168%
Stock Price CAGR
10 Years:24%
5 Years:32%
3 Years:31%
1 Year:325%
Return on Equity
10 Years:16%
5 Years:19%
3 Years:24%
Last Year:35%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
69 69 69 69 69 69 69 69 69 69 69 69
Reserves 258 290 312 338 358 386 423 514 522 589 653 930
Borrowings 6 0 55 170 190 133 108 111 72 127 311 214
290 349 319 311 376 340 256 292 536 605 585 719
Total Liabilities 623 708 754 888 992 928 857 986 1,199 1,390 1,618 1,933
281 289 364 368 546 542 550 574 561 608 854 1,025
CWIP 58 70 21 120 23 31 8 19 73 62 144 149
Investments 0 0 0 0 0 0 0 0 0 0 0 1
285 349 369 400 422 355 298 392 565 720 620 758
Total Assets 623 708 754 888 992 928 857 986 1,199 1,390 1,618 1,933

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
54 75 19 74 107 161 116 75 129 158 204
-23 -47 -53 -158 -85 -57 -32 -70 -57 -161 -316
-27 -26 29 84 -25 -106 -89 2 -79 2 118
Net Cash Flow 4 2 -5 1 -3 -1 -5 7 -7 -1 6

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 24% 22% 17% 15% 13% 17% 18% 20% 10% 23% 19% 35%
Debtor Days 40 45 54 47 56 47 46 60 60 64 58 65
Inventory Turnover 5.45 5.47 5.43 5.94 5.59 6.58 6.45 7.62 7.58 6.46 5.15 4.04

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
59.56 59.56 59.56 59.41 59.41 59.41 59.38 59.34 59.33 59.26 59.25 59.11
0.57 0.03 0.02 0.04 0.04 0.04 0.04 0.04 0.03 0.02 0.15 0.11
8.40 10.24 11.53 12.44 12.90 12.78 12.96 13.53 13.66 14.06 14.01 13.86
31.46 30.17 28.89 28.11 27.65 27.77 27.62 27.09 26.98 26.65 26.58 26.91

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