KIRLFER
Kirloskar Ferrous Industries share price & financials
- Price
- ₹470.9
- Market cap
- ₹7.2k Cr
- Sector
- Metals & Mining
- Calls analysed
- 7
Kirloskar Ferrous Industries Limited Q1 FY27
What went well
- Castings production increased by 19% to 43,800 tons in Q1 FY27, indicating strong demand.
- Castings sales increased by 18% to 41,345 metric tons in Q1 FY27, reflecting improved market conditions.
- Pig iron production grew by 5% to 165,120 metric tons in Q1 FY27, with expectations of improved support for pig iron prices.
What to watch
- Tube production dropped by 8% to 51,968 metric tons in Q1 FY27, and sales declined by 14% to 41,512 metric tons due to absence of high-realizing export orders.
- Other expenses increased by INR 100 crores year-on-year, with INR 58 crores attributed to higher power and fuel costs.
What Kirloskar Ferrous Industries Limited does
Kirloskar Ferrous Industries Limited (KFIL) is a Kirloskar Group company running an integrated ferrous value chain — from captive iron-ore mining and blast-furnace pig-iron smelting through downstream grey-iron castings, electric-arc-furnace steel, and precision seamless tubes. Pig iron produced at its Koppal and Hiriyur (Karnataka) blast furnaces is fed captively into its own casting and tube operations, giving it a cost hedge that non-integrated peers lack. It also mines its own iron ore through Kirloskar Bharat Mines, melts specialty and bearing-grade steel at Jejuri, and manufactures hot- and cold-finished precision seamless tubes through subsidiary ISMT, with added casting capacity from the Oliver Engineering foundry in Punjab. It earns revenue selling these four product lines — pig iron, castings, steel and tubes — to OEMs and Tier-1 suppliers across automotive, tractor, bearing, general engineering, boiler and oil & gas industries.
Segments
- Pig Iron
- Castings
- Steel
- Seamless Tubes
- Manufacturing facilities
- 7 (including subsidiary)
- Plant locations
- Koppal & Hiriyur (Karnataka); Baramati, Jejuri, Solapur & Ahmednagar (Maharashtra); Oliver Engineering foundry in Rajpura (Punjab)
- Permanent employees
- 3,252
- Industries served
- 10+
- Market position
- Only company in Asia with an integrated value chain from mines to machined castings and seamless tubes
- Captive iron-ore mining
- Own mines (Kirloskar Bharat Mines) permitted for 1.24 lakh metric tonnes per annum
Guidance record · Q1 FY27
what the last two calls moved 19 tracked 1 delivered 4 missed 14 open- Tube Sales Volume delivered, diluted said Q3 FY25 Promised: 200,000 MT next year (FY26) Q1 FY27: Promise related to FY26 performance, which has concluded.
- Casting Sales Volume missed said Q3 FY25 Promised: 170,000-175,000 tons FY26 Q1 FY27: Promise related to FY26 performance, which has concluded.
- Renewable Energy Commissioning on track said Q3 FY25 Promised: 70-80 MW equivalent in the next 1-year time Q1 FY27: Management confirmed projects are in the commissioning stage and expects them to be commissioned between June and September 2026, in line with the revised timeline.
All 19 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 4.4%, net profit down 65.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,667 | 1,609 | 1,737 | 1,698 | 1,728 +4% | 1,618 +1% | 1,817 +5% | 1,772 +4% |
| EBITDA | 195 | 177 | 201 | 217 | 214 +10% | 186 +5% | 225 +12% | 216 −0% |
| Net profit | 85 | 61 | 92 | 235 | 92 +8% | 55 −10% | 126 +37% | 82 −65% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +2.9% 1Y
1Y: ₹452.2 on 25 Oct 2023 → ₹465.1. High ₹498.05 (22 Jun 2026), low ₹413.85 (11 Jun 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.7%
- 6 Aug
- Q4 FY26
- −0.8%
- 8 May
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 18.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.1k Cr | ₹6.1k Cr | ₹6.6k Cr | ₹6.9k Cr |
| Operating profit | ₹618 Cr | ₹863 Cr | ₹760 Cr | ₹842 Cr |
| Operating margin | 14.9% | 14.1% | 11.6% | 12.3% |
| Interest | ₹84 Cr | ₹120 Cr | ₹144 Cr | ₹126 Cr |
| Depreciation | ₹103 Cr | ₹232 Cr | ₹247 Cr | ₹264 Cr |
| Net profit | ₹351 Cr | ₹321 Cr | ₹314 Cr | ₹508 Cr |
| Net margin | 8.5% | 5.2% | 4.8% | 7.4% |
| Cash from operations | ₹804 Cr | ₹567 Cr | ₹662 Cr | ₹942 Cr |
| Free cash flow | ₹388 Cr | ₹52 Cr | ₹180 Cr | ₹494 Cr |
| ROCE | 22.0% | 15.0% | 12.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹69 Cr | ₹69 Cr | ₹69 Cr | ₹70 Cr | ₹82 Cr | ₹82 Cr |
| Reserves | ₹930 Cr | ₹1.3k Cr | ₹2.9k Cr | ₹3.2k Cr | ₹3.5k Cr | ₹3.8k Cr |
| Borrowings | ₹292 Cr | ₹1.2k Cr | ₹969 Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.0k Cr |
| Other liabilities | ₹641 Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.7k Cr |
| Total liabilities | ₹1.9k Cr | ₹3.6k Cr | ₹5.5k Cr | ₹5.9k Cr | ₹6.4k Cr | ₹6.6k Cr |
| Fixed assets | ₹1.0k Cr | ₹1.2k Cr | ₹3.0k Cr | ₹3.1k Cr | ₹3.4k Cr | ₹3.6k Cr |
| Capital work in progress | ₹162 Cr | ₹219 Cr | ₹205 Cr | ₹487 Cr | ₹276 Cr | ₹332 Cr |
| Investments | ₹1 Cr | ₹489 Cr | ₹58 Cr | ₹10 Cr | ₹10 Cr | ₹1 Cr |
| Other assets | ₹758 Cr | ₹1.7k Cr | ₹2.2k Cr | ₹2.3k Cr | ₹2.8k Cr | ₹2.6k Cr |
| Total assets | ₹1.9k Cr | ₹3.6k Cr | ₹5.5k Cr | ₹5.9k Cr | ₹6.4k Cr | ₹6.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +1.86 pp while the public trimmed −1.52 pp. The shareholder count shrank 12% to 92,215.
- Promoters
- 50.8%
- FIIs
- 1.7%
- DIIs
- 12.6%
- Public
- 35.0%
Since Jun 2025
- DIIs +1.86 pp
- Public −1.52 pp
- FIIs −0.23 pp
How it drifted, 12 quarters
Over this window promoters fell from 56.5% to 50.8% — −5.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 56.5%, FIIs 1.6%, DIIs 11.3%, Public 30.5%.Dec '23: Promoters 56.5%, FIIs 1.7%, DIIs 12.0%, Public 29.8%.Mar '24: Promoters 56.5%, FIIs 1.9%, DIIs 12.5%, Public 29.2%.Jun '24: Promoters 56.4%, FIIs 2.0%, DIIs 12.5%, Public 29.1%.Sep '24: Promoters 50.9%, FIIs 1.9%, DIIs 10.5%, Public 36.7%.Dec '24: Promoters 50.9%, FIIs 1.9%, DIIs 10.5%, Public 36.7%.Mar '25: Promoters 50.9%, FIIs 1.9%, DIIs 10.7%, Public 36.5%.Jun '25: Promoters 50.9%, FIIs 1.9%, DIIs 10.7%, Public 36.5%.Sep '25: Promoters 50.9%, FIIs 1.9%, DIIs 11.3%, Public 35.9%.Dec '25: Promoters 50.8%, FIIs 1.8%, DIIs 11.9%, Public 35.5%.Mar '26: Promoters 50.8%, FIIs 1.8%, DIIs 12.6%, Public 34.8%.Jun '26: Promoters 50.8%, FIIs 1.7%, DIIs 12.6%, Public 35.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Bandhan Small Cap Fund Mutual fund +0.07 pp 1.72% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kirloskar Ferrous Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kirloskar Industries Limited | 45.91% | unchanged |
| HDFC Small Cap Fund Mutual fund | 4.79% | unchanged |
| Asscher Enterprises Limited | 3.10% | −0.37 pp |
| Tata Mutual Fund - Tata Small Cap Fund Mutual fund | 2.54% | unchanged |
| Arun Nahar | 1.83% | unchanged |
| Bandhan Small Cap Fund Mutual fund | 1.72% | +0.07 pp |
| ICICI Prudential Smallcap Fund Mutual fund | 1.25% | unchanged |
| Mukul Mahavir Agrawal | 1.21% | unchanged |
| Kirloskar Pneumatic Company Limited | 1.21% | unchanged |
| Alpana Rahul Kirloskar | 0.96% | unchanged |
| Rahul Chandrakant Kirloskar in individual capacity and as Trustee of C. S. Kirloskar Testamentary Trust | 0.86% | unchanged |
| Arti Atul Kirloskar | 0.64% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in KIRLFER
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹445 Cr
- 2 schemes
- Biggest holder
- HDFC Small Cap Fund
- ₹376 Cr · 0.9% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Small Cap Fund HDFC Mutual Fund | ₹376 Cr | held | Dec '22 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹69 Cr | held | Aug '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +39%
- vs est. average cost
- Held by funds
- ₹445 Cr
- 2 schemes · ≈ 6.2% of the company
- Biggest holder
- HDFC Small Cap Fund
- ₹376 Cr · 0.9% of that fund
- Longest holder
- Nippon India Small Cap Fund
- 4y 1m · since Aug '22
Shares held by these funds −10%
Aug '23 94.32 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Kirloskar Ferrous Industries Limited
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