Kirloskar Industries Ltd
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.
- Market Cap ₹ 3,947 Cr.
- Current Price ₹ 3,774
- High / Low ₹ 4,575 / 2,456
- Stock P/E 12.9
- Book Value ₹ 5,947
- Dividend Yield 0.34 %
- ROCE 7.01 %
- ROE 3.77 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.63 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE Industrials BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 6,995 | |
| 1,222 | 970 | 968 | 1,674 | 1,962 | 1,650 | 1,598 | 3,125 | 5,603 | 5,430 | 5,834 | 6,083 | 6,137 | |
| Operating Profit | 147 | 148 | 170 | 152 | 260 | 265 | 482 | 685 | 886 | 966 | 795 | 875 | 858 |
| 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 | 34 | |
| Interest | 30 | 24 | 14 | 13 | 18 | 19 | 27 | 31 | 97 | 122 | 146 | 126 | 121 |
| Depreciation | 51 | 45 | 47 | 51 | 57 | 60 | 79 | 95 | 175 | 242 | 259 | 272 | 275 |
| Profit before tax | 117 | 136 | 159 | 91 | 188 | 200 | 378 | 568 | 658 | 556 | 447 | 516 | 496 |
| 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 | 356 | |
| 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 | 266.46 |
| 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: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 8% |
| 3 Years: | 3% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 22% |
| 3 Years: | 3% |
| 1 Year: | 1% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 |
| Reserves | 750 | 799 | 875 | 1,779 | 1,356 | 1,023 | 1,736 | 2,319 | 3,243 | 4,982 | 6,284 | 6,239 |
| 133 | 108 | 97 | 88 | 138 | 323 | 305 | 1,216 | 979 | 1,236 | 1,283 | 1,113 | |
| 589 | 515 | 597 | 829 | 938 | 954 | 1,145 | 3,241 | 3,301 | 3,534 | 4,073 | 4,328 | |
| 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 |
| 548 | 556 | 587 | 599 | 650 | 897 | 1,057 | 2,780 | 3,107 | 3,259 | 3,597 | 3,669 | |
| CWIP | 31 | 8 | 19 | 76 | 62 | 144 | 243 | 418 | 423 | 768 | 653 | 753 |
| Investments | 422 | 511 | 505 | 1,423 | 933 | 541 | 1,068 | 1,190 | 1,575 | 3,392 | 4,730 | 4,399 |
| 480 | 357 | 467 | 608 | 796 | 728 | 828 | 2,398 | 2,429 | 2,342 | 2,672 | 2,869 | |
| 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 |
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/OP | 119% | 87% | 72% | 88% | 61% | 84% | 73% | 66% | 110% | 79% | 90% | 103% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Iron Castings Sales Volume (KFIL subsidiary) MT |
|
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| Pig Iron Sales Volume (KFIL subsidiary) MT |
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| Seamless Tubes Sales Volume (KFIL subsidiary, post-ISMT acquisition) MT |
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| Steel Sales Volume (KFIL subsidiary, post-ISMT acquisition) MT |
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Extracted by Screener AI
Documents
Announcements
- Intimation Of Cut-Off / Record Date For Postal Ballot
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- AGM on 18 August 2026 approved Kirtane & Pandit LLP’s five-year statutory auditor re-appointment till 2031.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 32nd AGM resolutions passed; Rs.13 dividend approved, auditors and directors reappointed on 18 August 2026.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Update Of Material Subsidiary
- Kirloskar Ferrous Q1 FY27 earnings call transcript; management discussed production, margins, capex and project timelines.
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from nse
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Annual Report 2013
from bse
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.