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 ₹ 3,406 Cr.
- Current Price ₹ 3,243
- High / Low ₹ 4,726 / 2,692
- Stock P/E 21.3
- Book Value ₹ 6,551
- Dividend Yield 0.40 %
- ROCE 6.72 %
- ROE 2.60 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.50 times its book value
Cons
- Company has a low return on equity of 4.65% over last 3 years.
- Dividend payout has been low at 6.84% of profits over last 3 years
* 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 SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,239 | 1,368 | 1,119 | 1,137 | 1,826 | 2,222 | 1,916 | 2,080 | 3,810 | 6,490 | 6,396 | 6,629 | 6,849 | |
| 1,127 | 1,222 | 970 | 968 | 1,674 | 1,962 | 1,650 | 1,598 | 3,125 | 5,603 | 5,430 | 5,839 | 6,019 | |
| Operating Profit | 112 | 147 | 148 | 170 | 152 | 260 | 265 | 482 | 685 | 886 | 966 | 789 | 830 |
| OPM % | 9% | 11% | 13% | 15% | 8% | 12% | 14% | 23% | 18% | 14% | 15% | 12% | 12% |
| 51 | 52 | 56 | 50 | 2 | 2 | 14 | 2 | 10 | 43 | -45 | 62 | 77 | |
| Interest | 23 | 30 | 24 | 14 | 13 | 18 | 19 | 27 | 31 | 97 | 122 | 146 | 142 |
| Depreciation | 37 | 51 | 45 | 47 | 51 | 57 | 60 | 79 | 95 | 175 | 242 | 259 | 267 |
| Profit before tax | 103 | 117 | 136 | 159 | 91 | 188 | 200 | 378 | 568 | 658 | 556 | 447 | 499 |
| Tax % | 25% | 27% | 26% | 25% | 25% | 30% | 25% | 18% | 44% | 30% | 35% | 31% | |
| 78 | 86 | 100 | 119 | 68 | 132 | 151 | 311 | 316 | 460 | 361 | 308 | 344 | |
| EPS in Rs | 60.08 | 63.50 | 74.46 | 77.66 | 51.10 | 86.60 | 98.77 | 168.71 | 197.95 | 220.11 | 201.86 | 143.18 | 159.30 |
| Dividend Payout % | 7% | 32% | 27% | 26% | 41% | 24% | 10% | 6% | 5% | 5% | 6% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 28% |
| 3 Years: | 20% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | -9% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 32% |
| 3 Years: | 18% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 713 | 750 | 799 | 875 | 1,779 | 1,356 | 1,023 | 1,736 | 2,319 | 3,243 | 4,982 | 6,284 | 6,868 |
| 190 | 133 | 108 | 97 | 88 | 138 | 323 | 305 | 1,216 | 979 | 1,236 | 1,283 | 1,296 | |
| 592 | 589 | 515 | 597 | 829 | 938 | 954 | 1,145 | 3,241 | 3,301 | 3,534 | 4,073 | 4,169 | |
| Total Liabilities | 1,504 | 1,482 | 1,432 | 1,578 | 2,706 | 2,441 | 2,310 | 3,196 | 6,786 | 7,534 | 9,761 | 11,651 | 12,343 |
| 553 | 548 | 556 | 587 | 599 | 650 | 897 | 1,057 | 2,780 | 3,107 | 3,259 | 3,597 | 3,600 | |
| CWIP | 23 | 31 | 8 | 19 | 76 | 62 | 144 | 243 | 418 | 423 | 768 | 653 | 641 |
| Investments | 423 | 422 | 511 | 505 | 1,423 | 933 | 541 | 1,068 | 1,190 | 1,575 | 3,392 | 4,730 | 5,330 |
| 505 | 480 | 357 | 467 | 608 | 796 | 728 | 828 | 2,398 | 2,429 | 2,342 | 2,672 | 2,772 | |
| Total Assets | 1,504 | 1,482 | 1,432 | 1,578 | 2,706 | 2,441 | 2,310 | 3,196 | 6,786 | 7,534 | 9,761 | 11,651 | 12,343 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 156 | 104 | 88 | 107 | 112 | 185 | 256 | 317 | 760 | 576 | 598 | |
| -69 | -56 | 6 | -51 | -31 | -108 | -258 | -194 | -211 | -369 | -600 | -537 | |
| -9 | -101 | -113 | -28 | -87 | -4 | 108 | -56 | -56 | -397 | -5 | -70 | |
| Net Cash Flow | 6 | -1 | -4 | 9 | -11 | 0 | 35 | 6 | 50 | -5 | -29 | -8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 56 | 47 | 46 | 63 | 59 | 62 | 56 | 63 | 78 | 46 | 52 | 58 |
| Inventory Days | 74 | 52 | 57 | 76 | 64 | 66 | 77 | 94 | 138 | 111 | 113 | 108 |
| Days Payable | 114 | 91 | 84 | 102 | 105 | 116 | 122 | 122 | 149 | 101 | 95 | 104 |
| Cash Conversion Cycle | 17 | 8 | 19 | 37 | 17 | 12 | 11 | 35 | 66 | 55 | 70 | 62 |
| Working Capital Days | -14 | -25 | -6 | 14 | 3 | 30 | 38 | 34 | 72 | 47 | 52 | 57 |
| ROCE % | 13% | 14% | 14% | 6% | 10% | 12% | 19% | 15% | 13% | 11% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
1d - Approved Q2 results; appointed CFO (Bharathan) 14 Nov 2025; Head HR Rohan Sapkal from 1 Jan 2026; three directors appointed.
-
Announcement under Regulation 30 (LODR)-Change in Management
1d - Jagdish Purandare resigns as Head—Human Resources; relieved effective 31 December 2025; joins new group role.
-
Update Of Material Subsidiary
2d - ICRA reaffirmed KFIL ratings [ICRA]AA(Stable)/[ICRA]A1+ on Dec 30, 2025; capex Rs.400-500 crore/year.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
29 Dec - Members approved appointments: Sumit Mitra and S. Venkataramani as Independent; Rahul Kirloskar Non-Independent, effective 14 Nov 2025.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
29 Dec - Postal ballot passed appointments of Sumit Mitra, S. Venkataramani (independents) and Rahul Kirloskar effective 14 Nov 2025.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
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]