On 6 Nov 2026, Kirloskar Ferrous Industries was priced at ₹385.40, or 17.9× trailing earnings, against an industry P/E of 25.1×, and the shares are 25% below their 52-week high. Sales and net profit grew 4.6% and 5.1% a year over 3 years, with ROCE of 14% and ROE of 9.5%. Debt is 0.32× equity, and its dividend yield is 1.6%. It is a small-cap company with a market cap of ₹6,367 Cr, ranked 10th of 71 Metal Fabrication companies by market cap; the shares fell 15% over the past year.
- ₹397.50
- ₹397.95
- ₹380.00
- ₹397.10
- 91.5K
Health check
- ReturnsBehind
−14.8% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 17.9 vs industry 25.1.
- GrowthSlow
Sales +4.6%, profit +5.1% a year over 3 years.
- ProfitabilityAverage
ROCE 14.2% vs peer median 15.6%.
- Balance sheetSolid
Debt 0.32× equity, interest covered 7.1×.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹6,367 Cr
- Small cap
- P/E
- 17.9
- Industry 25.1
- Price to book
- 1.60
- Peers 7.00
- Dividend yield
- 1.56%
- ROE
- 9.5%
- Peers 8.6%
- ROCE
- 14.2%
- Peers 15.6%
- Debt to equity
- 0.32
- Debt ₹1,262 Cr
- EPS (TTM)
- ₹21.55
- Face value ₹5
- OPM (TTM)
- 11.7%
- Net margin 5.0%
- Sales growth
- +16.6%
- Latest quarter vs a year ago
- Profit growth
- +10.2%
- Latest quarter vs a year ago
- Price to sales
- 0.88
- EV/EBITDA 8.7
Strengths and risks
Strengths
- Quarterly sales up 16.6% on a year ago.
- P/E of 17.9 against an industry P/E of 25.1.
- Positive operating cash flow in each of the last 4 years.
About Kirloskar Ferrous Industries
Kirloskar Ferrous Industries Limited manufactures and sells iron castings, seamless tubes, and engineering steels in India and internationally. The company operates in three segments: Iron Casting, Tube, and Steel. It provides 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…
- Headquarters
- Pune
- Employees
- 3,334
- Sector
- Industrials
- ISIN
- INE884B01025
- Website
- kirloskarferrous.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- minus 14.8%
- From 52-week high
- minus 24.9%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| KIRLFERKirloskar Ferrous Industries | 385.40 | minus 2.95% | 6,367 | 17.9 | 1.60 | – | 9.5% | 11.7% | – | – | 1.56% | minus 14.8% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| – | 1,755 | 1,618 | 1,817 | 1,772 | 2,047 | |
| – | 1,607 | 1,432 | 1,593 | 1,556 | 1,824 | |
| – | 148 | 186 | 225 | 216 | 223 | |
| – | 8.4% | 11.5% | 12.4% | 12.2% | 10.9% | |
| – | −28.2 | 5.1 | 44.4 | 17.4 | 19.3 | |
| 34 | – | 28.8 | 29.9 | 29.5 | 34 | |
| 64.1 | – | 67.3 | 69.2 | 69.3 | 70.6 | |
| 2.5 | – | −17.7 | – | −29.3 | – | |
| – | 120 | 77.2 | 170 | 105 | 138 | |
| – | 26.1% | 31.0% | 27.5% | 21.7% | 29.2% | |
| – | 88.5 | 53.3 | 123 | 82.3 | 97.5 | |
| – | 5.35 | 3.22 | 7.45 | 4.98 | 5.90 |
Profit & loss
- Sales CAGR 3Y
- +4.6%
- Profit CAGR 3Y
- +5.1%
- EPS CAGR 3Y
- +4.9%
- ROE
- 9.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5,808 | 6,026 | 6,469 | 6,649 | |
| – | +3.8% | +7.3% | +2.8% | |
| 4,922 | 5,157 | 5,677 | 5,776 | |
| 886 | 870 | 792 | 873 | |
| 15.2% | 14.4% | 12.2% | 13.1% | |
| −14.2 | 4.6 | 18.9 | 37.3 | |
| 90.1 | 118 | 141 | 123 | |
| 173 | 239 | 256 | 267 | |
| 8.1 | −64.1 | −5.3 | −23.5 | |
| 617 | 453 | 408 | 497 | |
| 29.1% | 34.3% | 28.0% | −2.1% | |
| 437 | 298 | 294 | 507 | |
| – | minus 31.9% | minus 1.3% | +72.5% | |
| 26.59 | 18.02 | 17.77 | 30.68 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 81.9 | 82.1 | 82.3 | 82.5 | |
| 2,926 | 3,149 | 3,353 | 3,780 | |
| 971 | 1,224 | 1,278 | 1,036 | |
| 1,502 | 1,440 | 1,635 | 1,690 | |
| 5,482 | 5,895 | 6,349 | 6,589 | |
| 3,293 | 3,723 | 3,924 | 4,017 | |
| 229 | 507 | 413 | 409 | |
| 1 | 1.1 | 0.9 | 0.9 | |
| 60.8 | 35.7 | 42.7 | 87 | |
| 1,898 | 1,628 | 1,968 | 2,075 | |
| 5,482 | 5,895 | 6,349 | 6,589 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 798 | 562 | 656 | 942 | |
| −399 | −521 | −475 | −444 | |
| −423 | −61.6 | −173 | −453 | |
| −24.8 | −20.1 | 8.3 | 44.8 | |
| −481 | −532 | −485 | −448 | |
| 316 | 29.7 | 171 | 494 | |
| −76.4 | −90.5 | −90.4 | −90.6 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 13.9% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.