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Kirloskar Ferrous Industries Ltd share Price Today

Company details

446.30
469.90
441.00
534.00
6M Return 4.45%
1Y Return 69.11%
Mkt Cap.(Cr) 6,300.10
Volume 220,635
Div Yield 0.42%
OI
-
OI Chg %
-
Volume 220,635

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Iron & Steel Products company Kirloskar Ferrous Industries announced Q4FY24 results:

Standalone Financial Highlights:

  • Operating revenue at Rs 994.4 crore for Q4FY24 vs Rs 991.0 crore for Q4FY23; at same level YoY
  • EBITDA at Rs 96.9 crore for Q4FY24 vs Rs 158.0 crore for Q4FY23; 39% decrease YoY
  • EBITDA margin at 10% for Q4FY24 vs 16% Q4FY23
  • PBT at Rs 43.8 crore for Q4FY24 vs Rs 110.2 crore for Q4FY23; 60% decrease YoY
  • PAT at Rs 34.1 crore for Q4FY24 vs Rs 81.9 crore for Q4FY23; 58% decrease YoY

Consolidated Financial Highlights:

  • Operating revenue at Rs 1,535.9 crore for Q4FY24 vs Rs 1,565.6 crore for Q4FY23; 2% decrease YoY
  • EBITDA at Rs 165.1 crore for Q4FY24 vs Rs 221.0 crore for Q4FY23; 25% decrease YoY
  • EBITDA margin at 11% for Q4FY24 vs 14% Q4FY23
  • PBT (before exceptional Item) at Rs 62.6 crore for Q4FY24 vs Rs 159.0 crore for Q4FY23; 61% decrease YoY
  • PAT at Rs 17.7 crore for Q4FY24 vs Rs 94.6 crore for Q4FY23; 81% decrease YoY

Commenting on the Q4 and FY 2024 results, R. V. Gumaste, Managing Director, KFIL, said "This quarter has been challenging for KFIL due to demand-side issues. The subdued demand from the tractor industry impacted casting sales volumes, and pressure on pig iron margins affected the results. However, we are seeing early signs of revival, both in pig iron prices and tractor casting demand. All of our projects are progressing as planned, with many nearing completion. We expect to start seeing returns from these projects soon."

Result PDF

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Kirloskar Ferrous Industries Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  • Book Value per share Improving for last 2 years

Weakness (6)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 729.3
R2 746.4
R3 755.8
Pivot

719.92

S1 702.8
S2 693.4
S3 676.3
EMA SMA
684.9
644.7
609.1
562.8
691.2
635.6
602.6
552.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NIPPON INDIA MUTUAL FUND Bulk Purchase 2022-08-10 212.5 1500000 BSE
JYOTSNA GAUTAM KULKARNI Bulk Sell 2022-08-10 212.5 1549320 BSE
NIHAL GAUTAM KULKARNI Bulk Sell 2022-08-10 212.73 774660 BSE
Name Category Shares
Alpana Rahul Kirloskar PROMOTER 1.14%
Rahul Chandrakant Kirloskar in individual capacity and as Trustee of C. S. Kirloskar Testamentary Tr PROMOTER 1.02%
Arti Atul Kirloskar PROMOTER 0.76%
Atul Chandrakant Kirloskar in individual capacity, as Karta of Atul C. Kirloskar (HUF) and as Truste PROMOTER 0.71%
Aditi Atul Kirloskar PROMOTER 0.63%
Kirloskar Industries Limited PROMOTER 50.71%
Kirloskar Pneumatic Company Limited PROMOTER 1.44%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Kirloskar Ferrous Industries Ltd Stocks COMPARISON

Financials( in Cr) Kirloskar Ferrous Industries Ltd Tata Steel Ltd JSW Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 452.20 183.15 921.15 1,052.45 4,307.00
% Change -3.21 0.32 0.59 1.08 1.65
Mcap Cr 6,300.10 228,635.89 225,263.00 107,359.16 83,298.24
Revenue TTM Cr 6,417.45 243,352.69 165,960.00 53,211.52 14,964.73
Net Profit TTM Cr 437.33 8,075.35 4,139.00 3,974.09 1,325.06
PE TTM 35.49 0.00 26.72 18.06 125.33
1 Year Return 69.11 64.78 21.74 97.42 53.98
ROCE 23.51 12.10 8.60 14.17 33.06
ROE 22.66 7.48 6.22 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,093.88 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

Kirloskar Ferrous Industries Ltd Information

Stock PE (TTM)
35.49
Promoter Holding
56.48%
Book Value
162.5396
ROCE
23.51%
ROE
22.66%
Description
  • Kirloskar Ferrous Industries Limited (KFIL) was incorporated on September 10th, 1991, a flagship Company of Kirloskar Group, promoted by Kirloskar Oil Engines Limited and Shivaji Works Limited. Shivaji Works Limited subsequently merged with Kirloskar Oil Engines Limited. The erstwhile company, Kirloskar Oil Engines Limited now changed its name to Kirloskar Industries Limited. The Company is a market leader in India for manufacturing critical and intricate grey iron castings and quality pig iron. This is the only company in Asia with an integrated business model of mines to machined castings. At present, the Company is the subsidiary of Kirloskar Industries Limited. Presently, it is having 3 manufacturing facilities, at Koppal District and Chitradurga District in Karnataka and at Solapur District in Maharashtra State. The Company is a pioneer in manufacturing of iron casting products. KFIL had entered into a technical collaboration with M/s. Tata Kort Engineering Services Ltd in March of the year 1992 for its business purpose. The Company`s commercial production of Pig Iron from Mini Blast Furnace I and 3.5 MW Power Plant-1, using Blast Furnace Gas were started in the year 1994 and in the identical year, KFIL had issued Initial Public Offer. The commercial production of Grey Iron castings came to line in the year of 1995. In the same year of 1995, KFIL had started to produce Mini Blast Furnace II. The company had obtained an ISO 9002 certification. The Company`s 3.5 MW Power Plant-2 was installed in the year of 1997. In 1997, Turbo Generator II was taken on lease with a capacity for the generation of 3.5 MW of power using Blast Furnace Gas. TG - II was taken on lease. After a year in 1998, the company started supply of TG power to foundry. During the period of 1999-2000, KFIL had entered into a long term contract for pig iron with an institutional buyer and also secured a sales tax exemption for further two years. During the year 2000, the company entered into financial restructuring with IDBI and with other institutions namely IFCI, IIBI, GIC, OIC, LIC and NIA. In 2001, KFIL had received an ISO 9002 certification. After a year, in 2002, an ISO 14000 certification was handed over to the company. KFIL had entered into one time settlement with Financial Institutions for the repayment of the high cost Loans in the year 2003. An ISO / TS 16949:2002 certification was added to the company`s quality list in the year of 2005. KFIL had purchased the MBF II and TG I, II in the year 2006 for its various purpose, which were earlier taken on lease. During the year 2007, the company had acquired Solapur foundry from Kirloskar Oil Engines Ltd and also Hot Blast Stoves project for Mini Blast Furnace -1 was commissioned. During the year 2019-10, the Company installed stoves for second Mini Blast Furnace in January, 2010. It commissioned 4.5 MW power plant at Koppal plant, Karnataka in July, 2010. The sinter plant was commissioned in January 2012 and stabilised by end of February 2012. In 2016, Mini Blast Furnaces were operational. Further one furnace was taken up for refractory relining from 15th February, 2016. The relining of the furnace was completed on 4th April, 2016. During the fourth quarter, upgradation of MBF-1 was completed and production of pig iron resumed from this furnace on 17th January, 2017. It commenced the civil work for machine shop at Koppal Plant in 2017. It installed fettling facilities for superior casting finish at Solapur Plant. It commenced Railway siding project and completed the civil work. It upgraded Mini Blast Furnace I and increased the production capacity of pig iron. In 2018, the Company installed and commissioned 10 MW AC (11 MW DC) solar power plant at Solapur in October, 2018. It acquired two mines, M/s. Bharath Mines & Minerals and Sri. M Channakesava Reddy (M/s. Sri Lakshmi Narasimha Mining Co) by participating in the mines auction in Karnataka. It commissioned the 3D printing facility installed at Koppal Plant and improved Turbo Generator capacity with upgradation in Mini Blast Furnace. During year 2018-19, Company started machining of Proto castings in addition to Proto type casting using 3D Printing. It commissioned 2 lakh Metric Ton Coke Oven project on 31st March, 2020. It commissioned railway siding project at Koppal plant, which was operational. Various projects for capacity expansion in foundry, fettling and finishing of castings and machine shop were undertaken both at Koppal and Solapur units, to meet the increasing demand for castings from customers. First phase was installed and commissioned for manufacturing of large casting equipments weighing in range of 500 to 2500 kgs. During the year 2020-21, the Company acquired movable and immovable assets relating to the pig iron plant of VSL Steels Limited with a capacity of 1,50,000 MT per annum at Paramenahally Village, Chitradurga District, Karnataka in December 2020. It commenced manufacturing operations of pig iron plant after renovation of plant and machineries on 8 February 2021. It achieved 100% capacity utilisation of Coke Oven plant, which was commissioned in March 2020. It installed conveyors from coke oven plants to mini blast furnaces to reduce handling loss. The 20MW Power Plant, working on waste gas generated from Coke Oven plant was commissioned in June, 2020. The mining of Kirloskar Bharat Mines was operational from April 5, 2021. During year 2021-22, Company acquired around 51% stake in Indian Seamless Metal Tube (ISMT) Ltd., India`s largest integrated specialist seamless tube producer thereby taking the management control of the same. The Sinter plant at Hiriyur was commissioned in November 2021 and stabilised by January 2022. It established a new moulding line at Solapur plant with a capacity of 40,000 MT per annum. It upgraded Mini Blast Furnace II with Bell-less top equipment. It installed Pulvarised Coal Injection into Mini Blast Furnaces with Oxygen facility.

Registered Address

13 Laxmanrao Kirloskar Road, Khadki, Pune, Maharashtra, 411003

Tel : 91-20-66084664
Email : investor:kfil.com
Website : http://www.kirloskarferrous.com; www.kirloskar.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500245
NSE Code : KIRLFER
Book Closure Date (Month) :
BSE Group : A
ISIN : INE884B01025

FAQ’s on Kirloskar Ferrous Industries Ltd Shares

You can buy Kirloskar Ferrous Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kirloskar Ferrous Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 25, 2023 03:51 PM the closing price of Kirloskar Ferrous Industries Ltd was Rs.452.20.

The latest PE ratio of Kirloskar Ferrous Industries Ltd as of Oct 25, 2023 03:51 PM is 35.49

The latest PB ratio of Kirloskar Ferrous Industries Ltd as of Oct 25, 2023 03:51 PM is 0.36

The 52-week high of Kirloskar Ferrous Industries Ltd share price is Rs. 534.00 while the 52-week low is Rs. 441.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Oct 25, 2023 03:51 PM, the market cap of Kirloskar Ferrous Industries Ltd stood at Rs. 6,300.10.

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