Ferrous Metals
Valuation | |
|---|---|
| Market Cap | 7.45 kCr |
| Price/Earnings (Trailing) | 22.32 |
| Price/Sales (Trailing) | 1.09 |
| EV/EBITDA | 10.18 |
| Price/Free Cashflow | 49.22 |
| MarketCap/EBT | 16.49 |
| Enterprise Value | 8.71 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -0.70% |
| Price Change 1M | -8.2% |
| Price Change 6M | -19.3% |
| Price Change 1Y | -18% |
| 3Y Cumulative Return | 4.5% |
| 5Y Cumulative Return | 24.8% |
| 7Y Cumulative Return | 25.4% |
| 10Y Cumulative Return | 25.5% |
| Revenue (TTM) |
| 6.84 kCr |
| Rev. Growth (Yr) | 9.4% |
| Earnings (TTM) | 328.05 Cr |
| Earnings Growth (Yr) | 36.4% |
Profitability | |
|---|---|
| Operating Margin | 7% |
| EBT Margin | 7% |
| Return on Equity | 9.16% |
| Return on Assets | 5.1% |
| Free Cashflow Yield | 2.03% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -474.55 Cr |
| Cash Flow from Operations (TTM) | 654.5 Cr |
| Cash Flow from Financing (TTM) | -172.96 Cr |
| Cash & Equivalents | 28.8 Cr |
| Free Cash Flow (TTM) | 169.95 Cr |
| Free Cash Flow/Share (TTM) | 10.32 |
Balance Sheet | |
|---|---|
| Total Assets | 6.43 kCr |
| Total Liabilities | 2.85 kCr |
| Shareholder Equity | 3.58 kCr |
| Current Assets | 2.47 kCr |
| Current Liabilities | 2.17 kCr |
| Net PPE | 3.51 kCr |
| Inventory | 1.04 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.2 |
| Debt/Equity | 0.36 |
| Interest Coverage | 2.21 |
| Interest/Cashflow Ops | 5.62 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 8 |
| Dividend Yield | 1.77% |
| Shares Dilution (1Y) | 18.1% |
| Shares Dilution (3Y) | 18.7% |
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money has been increasing their position in the stock.
Size: Market Cap wise it is among the top 20% companies of india.
Insider Trading: There's significant insider buying recently.
Dilution: Company has a tendency to dilute it's stock investors.
Momentum: Stock is suffering a negative price momentum. Stock is down -8.2% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided 4.5% return compared to 13.2% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money has been increasing their position in the stock.
Size: Market Cap wise it is among the top 20% companies of india.
Insider Trading: There's significant insider buying recently.
Dilution: Company has a tendency to dilute it's stock investors.
Momentum: Stock is suffering a negative price momentum. Stock is down -8.2% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided 4.5% return compared to 13.2% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 1.77% |
| Dividend/Share (TTM) | 8 |
| Shares Dilution (1Y) | 18.1% |
| Earnings/Share (TTM) | 19.93 |
Financial Health | |
|---|---|
| Current Ratio | 1.14 |
| Debt/Equity | 0.36 |
Technical Indicators | |
|---|---|
| RSI (14d) | 39.71 |
| RSI (5d) | 44.04 |
| RSI (21d) | 26.9 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Buy |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Kirloskar Ferrous Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 FY26 earnings conference call of Kirloskar Ferrous Industries Limited, management provided an optimistic yet cautious outlook. R.V. Gumaste, the Managing Director, highlighted that while production and sales levels for pig iron, casting, and tubes were solid, they faced significant pricing pressures, particularly for pig iron, which saw prices fall from INR 41,670 per metric ton to INR 37,098 per metric ton, a decline of 11%. Despite these challenges, the company achieved a quarter-on-quarter growth in EBITDA from INR 195 crores to INR 214 crores and a year-to-date increase in profit before tax (PBT) from INR 219 crores to INR 256 crores.
Management remains confident about demand in the casting sector, especially from the tractor and automotive industries, indicating good growth potential in the coming months. For casting, they expect to reach close to 170,000 tons for the fiscal year, aiming for 15,000 to 16,000 tons from their Oliver foundry by integrating operations fully. The company's total sales value for the quarter was reported at INR 1,736 crores, showing a slight improvement despite the pressure on product prices.
Forward-looking points include continued focus on efficiency and capacity improvements, with investments in solar and wind projects anticipated to bring future cost savings of INR 70-80 crores and INR 40 crores, respectively. They plan to pursue more value-added products, transitioning from a reliance on pig iron to higher-margin steel and other offerings, aligning with a strategy to improve overall profitability. Management indicated that despite near-term challenges, they believe recovery in pricing and improved operational efficiencies will lead to enhanced margins in the medium term.
Understand Kirloskar Ferrous Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Kirloskar Industries Limited | 46.01% |
| HDFC Small Cap Fund | 4.8% |
| Asscher Enterprises Limited | 4.01% |
| Tata Mutual Fund - Tata Small Cap Fund | 2.32% |
| Arun Nahar | 1.83% |
| Mukul Mahavir Agrawal | 1.21% |
| Kirloskar Pneumatic Company Limited | 1.21% |
Detailed comparison of Kirloskar Ferrous Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| TATASTEEL | TATA STEEL | 2.46 LCr | 2.27 LCr | +7.20% | +48.70% | 26.77 | 1.09 | - | - |
| JINDALSTEL | Jindal Steel & Power |
Comprehensive comparison against sector averages
KIRLFER metrics compared to Ferrous
| Category | KIRLFER | Ferrous |
|---|---|---|
| PE | 22.32 | 33.15 |
| PS | 1.09 | 1.42 |
| Growth | 6.8 % | 5.8 % |
Kirloskar Ferrous Industries Limited manufactures and sells iron castings in India and internationally. The company operates through three segments: Casting, Tube, and Steel. It offers pig iron products, including foundry, spherodized graphite, and basic/steel grade; and grey iron castings used to manufacture SUVs, tractors, construction equipment, and industrial engines, as well as heavy, medium, and light commercial vehicles. The company also provides cylinder blocks and heads, housings, hot-finished and cold-finished seamless tubes, and steel products. It serves automotive engineering, infrastructure and construction, agriculture, manufacturing, textile mills, and steel industries. The company was incorporated in 1991 and is based in Pune, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
KIRLFER vs Ferrous (2021 - 2026)
Q1: On the pig iron, is it that the demand is good, but pricing is still down? Why is this happening? Are we making profit?
A1: Yes, the supply of pig iron is high despite good demand in casting and steel production. There's oversupply leading to intense competition, and many producers are likely operating at a loss. We make an effort to keep our spreads positive, but we currently don't fully cover our costs.
Q2: For the castings division, we had set a target of 170,000 tons this year. Is it possible to achieve that?
A2: We've started production at our Oliver foundry, expecting around 15,000 to 16,000 tons to come from there. Combined with our current operations, we are optimistic about meeting the 170,000 tons target this year.
Q3: Any updates regarding the NSE listing?
A3: I will defer this to Mr. Srivatsan for a detailed update on the NSE listing progress. We appreciate your patience on this matter.
Q4: What is driving the resilience in the casting segment despite broader commodity downturns?
A4: Our success is largely due to developing more high-value castings, especially in the tractor segment. This shift has helped us maintain stable realizations amid the downturn and supported our margins.
Q5: What about the EBITDA margins for tubes and their potential improvements?
A5: We are currently above 15% EBITDA margins in the casting sector. As we scale up production to around 15,000 to 16,000 metric tons, we expect enhancements through operational leverage and better product mix, targeting future EBITDA margins of 14%-16%.
Q6: Regarding power costs, why have they increased this quarter?
A6: The increase is due both to seasonal factors affecting solar power generation and a rise in production, particularly in tubes. Our efforts at cost control remain in place, and the operationalization of our wind energy project should help.
Q7: Are our projects like PCI and oxygen enrichment fully operational?
A7: We are utilizing 125 kg of PCI per ton of hot metal, but there's capacity to increase it. The oxygen enrichment projects are under development. Our goal is to enhance efficiencies further to offset low margins.
Q8: Can you provide insight into the general EBITDA margins per ton for different segments?
A8: Currently, our EBITDA margins are approximately 15-16% for casting and steel tubes, while pig iron operates under pressure with margins around 6-7%. We're working on improving that.
Q9: How do we plan to manage low margins in the pig iron sector?
A9: To counter low margins, we aim to transition towards more high-value-added products. As many players scale up in steel production, the focus will shift away from pig iron, which should gradually improve the market dynamics.
Q10: Recent shutdowns at Hiriyur and Baramati "“ will this affect production?
A10: We experienced a production loss of around 21-22,000 tons due to a 40-day shutdown at Hiriyur. Baramati's maintenance should not significantly affect production levels moving forward. We are managing this impact with inventory adjustments.
| Rahul Chandrakant Kirloskar in individual capacity and as Trustee of C. S. Kirloskar Testamentary Trust | 0.87% |
| Atul Chandrakant Kirloskar in individual capacity, as Karta of Atul C. Kirloskar (HUF) and as Trustee of C. S. Kirloskar Testamentary Trust | 0.6% |
| ISSAL Employees Welfare Fund | 0.52% |
| Suman Chandrakant Kirloskar in individual capacity and as Karta of C. S. Kirloskar (HUF) | 0.05% |
| Christopher Kolenaty | 0% |
| Akshay Sahni | 0% |
| Pia Christopher Kolenaty | 0% |
| Maya Christopher Kolenaty | 0% |
| Pratima Sanjay Kirloskar | 0% |
| Shruti Nihal Kulkarni | 0% |
| Komal Ambar Kulkarni | 0% |
| Gargi Nihal Kulkarni | 0% |
| Talan Ambar Kulkarni | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 1.21 LCr |
| 50.32 kCr |
| +10.70% |
| +47.00% |
| 60.93 |
| 2.41 |
| - |
| - |
| SAIL | Steel Authority of India | 66.3 kCr | 1.1 LCr | +6.70% | +48.70% | 23.78 | 0.6 | - | - |
| -5.6% |
| 120 |
| 127 |
| 124 |
| 79 |
| 99 |
| 63 |
| Exceptional items before tax | -166.2% | 0 | 2.51 | 0 | 0 | 0 | -26.59 |
| Total profit before tax | -7.8% | 120 | 130 | 124 | 79 | 99 | 36 |
| Current tax | -6.9% | 28 | 30 | 27 | 19 | 30 | 21 |
| Deferred tax | 9% | 5.13 | 4.79 | 4.72 | 5.44 | -1.57 | -2.44 |
| Total tax | -2.9% | 34 | 35 | 31 | 24 | 29 | 18 |
| Total profit (loss) for period | -9.6% | 86 | 95 | 92 | 54 | 70 | 18 |
| Other comp. income net of taxes | -297.6% | -1.49 | 2.26 | -3.85 | 0.4 | -5.36 | -0.7 |
| Total Comprehensive Income | -12.5% | 85 | 97 | 88 | 55 | 64 | 17 |
| Earnings Per Share, Basic | -11.3% | 5.24 | 5.78 | 5.61 | 3.3 | 4.24 | 1.4 |
| Earnings Per Share, Diluted | -11.2% | 5.22 | 5.75 | 5.58 | 3.28 | 4.21 | 1.39 |
| Debt equity ratio | 0% | 036 | 036 | 037 | 043 | 04 | 038 |
| Debt service coverage ratio | -0.2% | 0.0212 | 0.0232 | 0.0224 | 0.0167 | 0.0183 | 0.0193 |
| Interest service coverage ratio | -0.1% | 0.0468 | 0.0474 | 0.045 | 0.0302 | 0.0396 | 0.0296 |
| 125% |
| 352 |
| 157 |
| 152 |
| 133 |
| 107 |
| 96 |
| Finance costs | 32.4% | 144 | 109 | 85 | 28 | 25 | 17 |
| Depreciation and Amortization | 84.1% | 244 | 133 | 104 | 88 | 76 | 58 |
| Other expenses | 131.5% | 1,723 | 745 | 752 | 639 | 418 | 405 |
| Total Expenses | 75.7% | 6,196 | 3,527 | 3,720 | 3,084 | 1,678 | 1,709 |
| Profit Before exceptional items and Tax | 65.8% | 432 | 261 | 472 | 543 | 363 | 156 |
| Total profit before tax | 65.8% | 432 | 261 | 472 | 543 | 363 | 156 |
| Current tax | 113.3% | 97 | 46 | 105 | 129 | 87 | 23 |
| Deferred tax | -5.6% | 18 | 19 | 16 | 7.51 | -26.41 | 21 |
| Total tax | 78.1% | 115 | 65 | 121 | 137 | 61 | 44 |
| Total profit (loss) for period | 62.1% | 317 | 196 | 351 | 406 | 302 | 112 |
| Other comp. income net of taxes | -278.4% | -10.73 | -2.1 | -2.74 | 3.41 | -0.82 | -1.25 |
| Total Comprehensive Income | 58.5% | 307 | 194 | 348 | 410 | 301 | 111 |
| Earnings Per Share, Basic | 39.4% | 19.29 | 14.12 | 25.26 | 29.32 | 21.89 | 8.16 |
| Earnings Per Share, Diluted | 39.8% | 19.18 | 14 | 25.12 | 29.23 | 21.82 | 8.15 |
| Debt equity ratio | -0.2% | 037 | 061 | 055 | 0 | 0 | - |
| Debt service coverage ratio | 0.7% | 0.0202 | 0.013 | 0.0184 | 0 | 0 | - |
| Interest service coverage ratio | 0.6% | 0.0399 | 0.0339 | 0.0657 | 0 | 0 | - |
| -4.8% |
| 276 |
| 290 |
| 189 |
| 157 |
| 151 |
| 389 |
| Non-current investments | 0% | 9.95 | 9.95 | 495 | 495 | 486 | 489 |
| Loans, non-current | 12.6% | 198 | 176 | 112 | 103 | 0.23 | 0.16 |
| Total non-current financial assets | 10.5% | 243 | 220 | 621 | 612 | 503 | 504 |
| Total non-current assets | 0.3% | 3,990 | 3,977 | 2,603 | 2,538 | 2,345 | 2,204 |
| Total assets | 1.4% | 6,443 | 6,354 | 3,824 | 3,908 | 3,607 | 3,660 |
| Borrowings, non-current | -3.6% | 402 | 417 | 521 | 526 | 370 | 421 |
| Total non-current financial liabilities | -3.8% | 403 | 419 | 521 | 526 | 370 | 421 |
| Provisions, non-current | 54.5% | 18 | 12 | 5.41 | 4.17 | 3.71 | 3.24 |
| Total non-current liabilities | -0.1% | 676 | 677 | 658 | 649 | 486 | 525 |
| Borrowings, current | 3.1% | 886 | 859 | 535 | 654 | 517 | 608 |
| Total current financial liabilities | -4.3% | 2,003 | 2,092 | 1,372 | 1,532 | 1,471 | 1,642 |
| Provisions, current | -17.1% | 30 | 36 | 15 | 12 | 9.1 | 9.13 |
| Current tax liabilities | - | 44 | - | - | 0 | - | - |
| Total current liabilities | -2.9% | 2,147 | 2,210 | 1,427 | 1,569 | 1,502 | 1,670 |
| Total liabilities | -2.2% | 2,823 | 2,887 | 2,084 | 2,217 | 1,989 | 2,195 |
| Equity share capital | 0% | 82 | 82 | 70 | 70 | 69 | 69 |
| Total equity | 4.4% | 3,620 | 3,467 | 1,739 | 1,691 | 1,618 | 1,466 |
| Total equity and liabilities | 1.4% | 6,443 | 6,354 | 3,824 | 3,908 | 3,607 | 3,660 |
| 64% |
| 770 |
| 470 |
| 1,033 |
| 306 |
| - |
| - |
| Dividends received | 88% | -0.06 | -7.8 | -1.12 | 0 | - | - |
| Interest paid | - | 0.49 | 0 | 0 | 0 | - | - |
| Interest received | -155% | -16.75 | -5.96 | -12.51 | 0 | - | - |
| Income taxes paid (refund) | 91.7% | 93 | 49 | 118 | 117 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | -1.06 | 0 | - | - |
| Net Cashflows From Operating Activities | 62.3% | 660 | 407 | 900 | 188 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 0 | 485 | - | - |
| Proceeds from sales of PPE | -17.6% | 5.65 | 6.64 | 0.35 | 6.27 | - | - |
| Purchase of property, plant and equipment | 50.7% | 429 | 285 | 446 | 430 | - | - |
| Dividends received | -113.8% | 0.06 | 7.8 | 0 | 0 | - | - |
| Interest received | 681.4% | 4.36 | 1.43 | 13 | 1.35 | - | - |
| Other inflows (outflows) of cash | -209.5% | -0.04 | 1.95 | 1.45 | -6.49 | - | - |
| Net Cashflows From Investing Activities | -23.6% | -479.75 | -387.97 | -430.69 | -914.16 | - | - |
| Proceeds from issuing shares | 21.3% | 5.22 | 4.48 | 1.34 | 1.84 | - | - |
| Proceeds from borrowings | -179.7% | -116.96 | 149 | 127 | 841 | - | - |
| Repayments of borrowings | -799.7% | -174.98 | -18.56 | 434 | 0 | - | - |
| Dividends paid | -99.1% | 1.77 | 83 | 76 | 76 | - | - |
| Interest paid | -17.6% | 90 | 109 | 83 | 24 | - | - |
| Income taxes paid (refund) | - | 144 | 0 | 0 | 0 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 0 | -2.97 | - | - |
| Net Cashflows from Financing Activities | -723.3% | -172.96 | -20.13 | -465.38 | 740 | - | - |
| Net change in cash and cash eq. | 458.9% | 7.64 | -0.85 | 4.15 | 14 | - | - |