Kirloskar Industries Ltd

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Kirloskar Industries Ltd

₹ 3,774 1.97%
26 Aug - close price
About

Kirloskar Industries Limited is the listed core investment company of the Kirloskar Group.
Its consolidated operations are dominated
by 46%-owned subsidiary Kirloskar Ferrous Industries Limited, an integrated ferrous manufacturer spanning iron ore, pig iron, castings, alloy steel and seamless tubes.
KIL also owns Avante Spaces, which is developing Grade-A commercial real
estate in Pune, and holds strategic
listed stakes in Kirloskar Brothers,
Kirloskar Oil Engines and Kirloskar
Pneumatic. The parent’s standalone
income is mainly dividends, interest
and investment returns; consolidated
analysis is necessary to capture KFIL
and the real-estate investment cycle.

Key Points

Holding-plus - Operating group:[1][2][3]
FY26 standalone revenue
from operations of ₹106 Cr.
consisted mainly of:
⁠Dividend income: ₹67 crore
⁠Interest income: ₹32 crore
Fair-value gains: ₹8 crore
Consolidated revenue was
₹6,939 crore because KIL
controls Kirloskar Ferrous
Industries Limited and wholly
owns Avante Spaces. Avante
Spaces contributed only ₹8 Cr.

  • Market Cap 3,947 Cr.
  • Current Price 3,774
  • High / Low 4,575 / 2,456
  • Stock P/E 14.4
  • Book Value 4,672
  • Dividend Yield 0.34 %
  • ROCE 1.91 %
  • ROE 1.45 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.81 times its book value
  • Company has been maintaining a healthy dividend payout of 17.4%

Cons

  • Company has a low return on equity of 1.73% over last 3 years.
  • Working capital days have increased from 27.6 days to 69.5 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
9 42 7 33 7 43 9 37 1,698 50 10 1,817 1,772
4 6 8 10 7 8 6 2 1,481 5 5 1,593 1,556
Operating Profit 5 37 -1 23 -0 36 3 34 217 44 5 225 216
OPM % 58% 86% -9% 68% -3.3% 82% 38% 94% 13% 89% 46% 12% 12%
20 8 7 7 9 8 5 10 8 9 4 44 -12
Interest 0 0 0 0 0 0 0 0 34 0 0 30 29
Depreciation 1 0 1 1 1 1 1 1 64 1 1 69 69
Profit before tax 24 44 5 29 8 42 7 44 127 52 8 170 105
Tax % 50% 17% 16% 24% 16% 18% 12% 30% -85% 25% 21% 26% 22%
12 36 4 22 6 35 7 31 235 40 6 126 82
EPS in Rs 12.28 36.45 4.53 22.13 6.40 33.16 6.32 29.64 226.05 37.68 5.91 119.65 78.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
60 76 48 72 46 86 55 100 114 120 119 124 3,648
7 7 10 20 17 17 21 18 18 27 23 29 3,159
Operating Profit 53 69 38 52 29 69 34 82 96 93 96 95 489
OPM % 88% 90% 80% 72% 63% 80% 62% 82% 84% 77% 80% 77% 13%
2 0 0 0 32 0 3 3 1 14 9 7 46
Interest 0 0 0 2 1 1 2 2 1 2 1 1 60
Depreciation 1 1 1 2 3 3 3 3 2 2 2 2 140
Profit before tax 54 68 37 49 57 65 32 80 93 102 101 99 335
Tax % 17% 12% 23% 14% 13% 8% 16% 24% 20% 27% 23% 22%
45 60 29 42 50 59 27 61 74 75 78 77 254
EPS in Rs 46.48 62.06 29.69 43.69 51.00 61.23 28.01 62.22 74.96 75.17 75.21 73.28 241.57
Dividend Payout % 43% 32% 67% 48% 41% 16% 36% 16% 15% 17% 17% 18%
Compounded Sales Growth
10 Years: 5%
5 Years: 18%
3 Years: 3%
TTM: 104%
Compounded Profit Growth
10 Years: 2%
5 Years: 22%
3 Years: -1%
TTM: -9%
Stock Price CAGR
10 Years: 14%
5 Years: 22%
3 Years: 3%
1 Year: 1%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 10 10 10 10 10 10 10 10 10 10 10 11
Reserves 683 721 750 1,650 1,194 828 1,405 1,604 2,181 3,862 5,098 4,900
0 0 0 16 11 12 13 11 12 13 7 7
37 20 22 7 12 16 12 16 51 264 525 488
Total Liabilities 729 751 781 1,682 1,227 866 1,439 1,641 2,253 4,149 5,639 5,406
6 6 13 38 42 43 38 39 34 35 35 11
CWIP 0 0 0 2 0 1 0 0 0 0 0 0
Investments 597 686 680 1,598 1,109 716 1,244 1,403 1,854 3,848 5,218 4,889
125 59 88 44 76 107 158 198 365 267 386 505
Total Assets 729 751 781 1,682 1,227 866 1,439 1,641 2,253 4,149 5,639 5,406

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-5 -13 -16 -22 -45 -18 -28 -26 -66 -36 -40 -41
10 56 19 39 69 79 31 16 90 7 -25 48
-4 -43 -1 -21 -23 -32 -0 -10 -10 14 61 -15
Net Cash Flow 0 0 3 -3 1 29 2 -20 15 -15 -4 -8
Free Cash Flow -5 -13 -16 -51 -47 -21 -28 -29 -66 -37 -40 -42
CFO/OP 0% -7% -15% -19% -135% -16% -56% -10% -16% -16% -22% -18%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 0 2 14 5 1 0 0 1 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 2 14 5 1 0 0 1 0 0 0 0
Working Capital Days -159 25 53 44 336 255 551 107 110 4 9 70
ROCE % 8% 10% 5% 4% 4% 6% 3% 5% 5% 3% 2% 2%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Iron Castings Sales Volume (KFIL subsidiary)
MT

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Pig Iron Sales Volume (KFIL subsidiary)
MT
Seamless Tubes Sales Volume (KFIL subsidiary, post-ISMT acquisition)
MT
Steel Sales Volume (KFIL subsidiary, post-ISMT acquisition)
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
71.77% 71.77% 71.52% 71.44% 71.31% 72.57% 72.56% 72.53% 72.52% 71.87% 71.87% 71.87%
0.69% 0.73% 0.63% 0.71% 0.70% 0.59% 0.59% 0.54% 0.53% 0.47% 0.50% 0.49%
1.89% 1.89% 1.88% 1.94% 1.95% 1.88% 1.90% 1.91% 1.94% 1.92% 1.88% 1.87%
25.64% 25.61% 25.97% 25.90% 26.03% 24.96% 24.96% 25.03% 25.01% 25.72% 25.74% 25.75%
No. of Shareholders 16,94317,28416,84618,89419,35719,47220,30322,72122,14821,84121,96122,719

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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