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 ₹ 2,985 Cr.
- Current Price ₹ 2,840
- High / Low ₹ 4,726 / 2,692
- Stock P/E 18.5
- Book Value ₹ 6,545
- Dividend Yield 0.46 %
- ROCE 6.72 %
- ROE 2.60 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.43 times its book value
Cons
- Promoter holding has decreased over last quarter: -0.65%
- 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 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 | 6,859 | |
| 1,127 | 1,222 | 970 | 968 | 1,674 | 1,962 | 1,650 | 1,598 | 3,125 | 5,603 | 5,430 | 5,839 | 6,017 | |
| Operating Profit | 112 | 147 | 148 | 170 | 152 | 260 | 265 | 482 | 685 | 886 | 966 | 789 | 842 |
| 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 | 54 | |
| Interest | 23 | 30 | 24 | 14 | 13 | 18 | 19 | 27 | 31 | 97 | 122 | 146 | 132 |
| Depreciation | 37 | 51 | 45 | 47 | 51 | 57 | 60 | 79 | 95 | 175 | 242 | 259 | 269 |
| Profit before tax | 103 | 117 | 136 | 159 | 91 | 188 | 200 | 378 | 568 | 658 | 556 | 447 | 495 |
| 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 | 341 | |
| 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 | 155.56 |
| 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: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | -9% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 16% |
| 3 Years: | 8% |
| 1 Year: | -12% |
| 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
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Update Of Material Subsidiary
1d - Kirloskar Ferrous schedules virtual group meeting with EMKAY Global on 5 March 2026, notified to parent and exchanges.
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Update Of Material Subsidiary
26 Feb - KFIL scheduled virtual investor meetings 4-5 March 2026 with EMKAY Global, Bandhan Mutual Fund, HDFC Mutual Fund.
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Update Of Material Subsidiary
18 Feb - Kirloskar Ferrous filed Q3/FY26 results conference-call transcript; production, prices, capacity, projects, and subsidiary merger discussed.
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Update Of Material Subsidiary
14 Feb - Special window for transfer/demat of pre-Apr-1-2019 physical shares from 5 Feb 2026 to 4 Feb 2027.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Dear Sir/Madam, Please find enclosed herewith copies of Standalone and Consolidated Unaudited Financial Results for the quarter and nine months ended 31 December 2025, published …
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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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]