Kirloskar Industries Ltd

AI

Kirloskar Industries Ltd

₹ 3,506 1.80%
09 Nov - 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 ₹ 3,687 Cr.
  • Current Price ₹ 3,506
  • High / Low ₹ 4,575 / 2,456
  • Stock P/E 15.0
  • Book Value ₹ 7,496
  • Dividend Yield 0.37 %
  • ROCE 7.01 %
  • ROE 3.77 %
  • Face Value ₹ 10.0

Pros

  • Stock is trading at 0.47 times its book value

Cons

  • Company has a low return on equity of 3.77% over last 3 years.
  • Dividend payout has been low at 7.17% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,578 1,554 1,729 1,559 1,688 1,614 1,748 1,698 1,782 1,624 1,817 1,779 2,075
1,315 1,325 1,488 1,380 1,476 1,441 1,542 1,481 1,548 1,440 1,593 1,564 1,833
Operating Profit 263 228 240 179 212 172 206 217 233 184 225 215 242
OPM % 17% 15% 14% 11% 13% 11% 12% 13% 13% 11% 12% 12% 12%
-25 14 -19 12 19 12 39 11 13 -11 44 -10 22
Interest 30 30 32 34 37 39 36 34 33 29 30 30 34
Depreciation 58 64 73 61 64 66 67 64 68 68 69 70 72
Profit before tax 150 148 116 96 130 79 142 130 145 75 170 105 158
Tax % 39% 29% 39% 31% 29% 33% 32% -83% 31% 34% 26% 25% 34%
91 105 71 66 92 53 97 238 101 49 126 79 105
EPS in Rs 46.00 51.06 61.67 28.72 47.75 23.09 44.94 228.45 50.08 19.35 119.59 32.06 48.54
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,368 1,119 1,137 1,826 2,222 1,916 2,080 3,810 6,490 6,396 6,629 6,958 7,295
1,222 970 968 1,674 1,962 1,650 1,598 3,125 5,603 5,430 5,834 6,083 6,430
Operating Profit 147 148 170 152 260 265 482 685 886 966 795 875 865
OPM % 11% 13% 15% 8% 12% 14% 23% 18% 14% 15% 12% 13% 12%
52 56 50 2 2 14 2 10 43 -45 56 39 45
Interest 30 24 14 13 18 19 27 31 97 122 146 126 123
Depreciation 51 45 47 51 57 60 79 95 175 242 259 272 280
Profit before tax 117 136 159 91 188 200 378 568 658 556 447 516 508
Tax % 27% 26% 25% 25% 30% 25% 18% 44% 30% 35% 31% 2%
86 100 119 68 132 151 311 316 460 361 308 503 358
EPS in Rs 63.50 74.46 77.66 51.10 86.60 98.77 168.71 197.95 220.11 201.86 143.18 216.51 219.54
Dividend Payout % 32% 27% 26% 41% 24% 10% 6% 5% 5% 6% 9% 6%
Compounded Sales Growth
10 Years: 20%
5 Years: 27%
3 Years: 2%
TTM: 7%
Compounded Profit Growth
10 Years: 13%
5 Years: 8%
3 Years: 3%
TTM: -30%
Stock Price CAGR
10 Years: 15%
5 Years: 17%
3 Years: 2%
1 Year: -3%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 4%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 11 11
Reserves 750 799 875 1,779 1,356 1,023 1,736 2,319 3,243 4,982 6,284 6,239 7,872
133 108 97 88 138 323 305 1,216 979 1,236 1,283 1,113 1,440
589 515 597 829 938 954 1,145 3,241 3,301 3,534 4,073 4,328 4,839
Total Liabilities 1,482 1,432 1,578 2,706 2,441 2,310 3,196 6,786 7,534 9,761 11,651 11,690 14,161
548 556 587 599 650 897 1,057 2,780 3,107 3,259 3,597 3,669 3,706
CWIP 31 8 19 76 62 144 243 418 423 768 653 753 968
Investments 422 511 505 1,423 933 541 1,068 1,190 1,575 3,392 4,730 4,399 6,232
480 357 467 608 796 728 828 2,398 2,429 2,342 2,672 2,869 3,255
Total Assets 1,482 1,432 1,578 2,706 2,441 2,310 3,196 6,786 7,534 9,761 11,651 11,690 14,161

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
156 104 88 107 112 185 256 317 760 576 600 871
-56 6 -51 -31 -108 -258 -194 -211 -369 -600 -537 -471
-101 -113 -28 -87 -4 108 -56 -56 -397 -5 -70 -355
Net Cash Flow -1 -4 9 -11 0 35 6 50 -5 -29 -7 46
Free Cash Flow 97 70 14 19 -52 -134 36 -111 345 84 96 421
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 119% 87% 72% 88% 61% 84% 73% 66% 110% 79% 90% 103%

Ratios

Consolidated / View Standalone

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 47 46 63 59 62 56 63 78 46 52 58 57
Inventory Days 52 57 76 64 66 77 94 138 111 113 108 102
Days Payable 91 84 102 105 116 122 122 149 101 95 103 112
Cash Conversion Cycle 8 19 37 17 12 11 35 66 55 70 63 47
Working Capital Days -25 -6 14 3 30 38 34 72 47 52 57 58
ROCE % 13% 14% 14% 6% 10% 12% 19% 15% 13% 11% 7% 7%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
71.77% 71.52% 71.44% 71.31% 72.57% 72.56% 72.53% 72.52% 71.87% 71.87% 71.87% 71.87%
0.73% 0.63% 0.71% 0.70% 0.59% 0.59% 0.54% 0.53% 0.47% 0.50% 0.49% 0.46%
1.89% 1.88% 1.94% 1.95% 1.88% 1.90% 1.91% 1.94% 1.92% 1.88% 1.87% 1.87%
25.61% 25.97% 25.90% 26.03% 24.96% 24.96% 25.03% 25.01% 25.72% 25.74% 25.75% 25.79%
No. of Shareholders 17,28416,84618,89419,35719,47220,30322,72122,14821,84121,96122,71922,627

* 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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