MarketFriction

Kirloskar Industries Ltd

NSE KIRLOSIND · BSE 500243 · Iron & Steel Products
₹3,471.40 -2.78%
NSE close2026-10-01
52 week range2,463.00 - 4,574.80
Market cap₹3,747 Cr.
P/E12.2
Price band 20% Delivery 62.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5781,5541,7291,5591,6881,6141,7481,6981,7821,6241,8171,772
Expenses1,3151,3251,4881,3801,4761,4411,5421,4811,5481,4401,5931,556
Operating Profit263228240179212172206217233184225216
OPM %17%15%14%11%13%11%12%13%13%11%12%12%
Other Income-2514-19121912391113-1144-12
Interest303032343739363433293029
Depreciation586473616466676468686969
Profit before tax150148116961307914213014575170105
Tax %39%29%39%31%29%33%32%-83%32%34%26%22%
Net Profit911057166925397238984912682
EPS in Rs46.0051.0661.6728.7247.7523.0944.94228.4549.1719.35119.5978.35
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1191,1371,8262,2221,9162,0803,8106,4906,3966,6296,9586,995
Expenses9709681,6741,9621,6501,5983,1255,6035,4305,8346,0836,137
Operating Profit148170152260265482685886966795875858
OPM %13%15%8%12%14%23%18%14%15%12%13%12%
Other Income5650221421043-45563934
Interest2414131819273197122146126121
Depreciation45475157607995175242259272275
Profit before tax13615991188200378568658556447516496
Tax %26%25%25%30%25%18%44%30%35%31%2%
Net Profit10011968132151311316460361308503356
EPS in Rs74.4677.6651.1086.6098.77168.71197.95220.11201.86143.18216.51266.46
Dividend Payout %27%26%41%24%10%6%5%5%6%9%6%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth20%27%2%4%
Compounded Profit Growth13%8%3%-13%
Stock Price CAGR15%16%3%-8%
Return on Equity5%5%4%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101011
Reserves7507998751,7791,3561,0231,7362,3193,2434,9826,2846,239
Borrowings13310897881383233051,2169791,2361,2831,113
Other Liabilities5895155978299389541,1453,2413,3013,5344,0734,328
Total Liabilities1,4821,4321,5782,7062,4412,3103,1966,7867,5349,76111,65111,690
Fixed Assets5485565875996508971,0572,7803,1073,2593,5973,669
CWIP318197662144243418423768653753
Investments4225115051,4239335411,0681,1901,5753,3924,7304,399
Other Assets4803574676087967288282,3982,4292,3422,6722,869
Total Assets1,4821,4321,5782,7062,4412,3103,1966,7867,5349,76111,65111,690
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity15610488107112185256317760576600871
Cash from Investing Activity-566-51-31-108-258-194-211-369-600-537-471
Cash from Financing Activity-101-113-28-87-4108-56-56-397-5-70-355
Net Cash Flow-1-49-11035650-5-29-746
Free Cash Flow97701419-52-13436-1113458496421
CFO/OP119%87%72%88%61%84%73%66%110%79%90%103%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days474663596256637846525857
Inventory Days52577664667794138111113108102
Days Payable918410210511612212214910195103112
Cash Conversion Cycle81937171211356655706347
Working Capital Days-25-61433038347247525758
ROCE %13%14%14%6%10%12%19%15%13%11%7%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.77%71.77%71.52%71.44%71.31%72.57%72.56%72.53%72.52%71.87%71.87%71.87%
FIIs0.69%0.73%0.63%0.71%0.70%0.59%0.59%0.54%0.53%0.47%0.50%0.49%
DIIs1.89%1.89%1.88%1.94%1.95%1.88%1.90%1.91%1.94%1.92%1.88%1.87%
Public25.64%25.61%25.97%25.90%26.03%24.96%24.96%25.03%25.01%25.72%25.74%25.75%
No. of Shareholders16,94317,28416,84618,89419,35719,47220,30322,72122,14821,84121,96122,719

Fundamentals

Market Cap₹ 3,747 Cr.
Current Price₹ 3,579
Stock P/E12.2
Book Value₹ 5,947
ROCE7.01 %
ROE3.77 %
Dividend Yield0.36 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-13%
Consolidated figures.
Valuation
Market capRs 3,648 Cr
Enterprise valueRs 4,523 Cr
P/E (TTM)13.03x
Price to book0.58x
Price to sales0.52x
EV / EBITDA5.07x
EV / EBIT7.33x
EV / sales0.65x
Price to cash flow4.19x
Earnings yield7.67%
Dividend yield0.37%
P/E, 3-year average17.87x
P/B, 3-year average0.58x
P/E, 5-year average14.50x
P/B, 5-year average0.63x
Profitability
Operating margin (excl. other income)12.57%
Operating margin (incl. other income)13.13%
EBITDA margin12.74%
Pre-tax margin7.08%
Net profit margin4.00%
Net margin, latest quarter4.65%
ROE3.63%
ROCE8.59%
ROA1.95%
ROE, 3-year average3.71%
ROCE, 3-year average10.05%
ROA, 3-year average1.89%
ROE, 5-year average5.69%
ROCE, 5-year average14.20%
ROA, 5-year average2.52%
ROIC (approx.)8.45%
Tax rate2.42%
Other income / net worth0.62%
Growth
Sales growth (latest year)4.96%
Profit growth (latest year)52.62%
Sales CAGR, 3 years2.35%
Sales CAGR, 5 years27.31%
Profit CAGR, 3 years1.51%
Profit CAGR, 5 years6.80%
Sales growth QoQ-2.51%
Profit growth QoQ-34.48%
Sales growth YoY (latest quarter)4.32%
Profit growth YoY (latest quarter)-65.40%
Per share
EPS (TTM)Rs 266.42
EPS (latest year)Rs 216.51
EPS (latest quarter)Rs 78.35
EPS, 3-year averageRs 187.18
EPS, 5-year averageRs 195.92
Book value per shareRs 5,946.67
Sales per shareRs 6,655.49
Cash flow per shareRs 828.96
Free cash flow per shareRs 400.59
Dividend per share (latest year)Rs 13.00
Dividend per share, 3-year averageRs 13.00
Dividend per share, 5-year averageRs 12.00
Dividends
Dividend payout6.00%
Dividend payout, 3-year average7.17%
Dividend payout, 5-year average6.31%
Efficiency
Asset turnover0.60x
Fixed asset turnover1.90x
Inventory turnover4.93x
Inventory days74 days
Debtor days57 days
Debtors turnover6.38x
Creditor days112 days
Cash conversion cycle47 days
Working capital days58 days
Leverage
Total debtRs 1,113 Cr
Cash and bankRs 238 Cr
Net debtRs 875 Cr
Debt to equity0.18x
Net debt / EBITDA0.98x
Interest coverage5.09x
Owners' fund to total sources53.46%
Debt to assets9.52%
Cash flow
Cash from Operating Activity (latest year)Rs 871 Cr
Cash from Investing Activity (latest year)Rs -471 Cr
Cash from Financing Activity (latest year)Rs -355 Cr
Net Cash Flow (latest year)Rs 46 Cr
Free cash flow (latest year)Rs 421 Cr
FCFE (approx.: FCF + change in debt)Rs 251 Cr
Cash from ops / profit, 5 years1.60x
Sales to cash flow7.99x
Statement figures
Net sales (TTM)Rs 6,995 Cr
Net sales (latest year)Rs 6,958 Cr
Sales (latest quarter)Rs 1,772 Cr
Operating profit excl. other income (latest year)Rs 875 Cr
Operating profit (latest quarter)Rs 216 Cr
Other income (TTM)Rs 34 Cr
EBITDA (TTM)Rs 891 Cr
PBDT (TTM)Rs 770 Cr
Profit before tax (TTM)Rs 496 Cr
Tax (latest year)Rs 12 Cr
Net profit (TTM)Rs 280 Cr
Net profit (latest year)Rs 228 Cr
Net profit (latest quarter)Rs 82 Cr
Depreciation (TTM)Rs 275 Cr
Depreciation (latest quarter)Rs 69 Cr
Interest (TTM)Rs 121 Cr
Cost of goods sold (latest year)Rs 5,286 Cr
Total expenditure (latest year)Rs 6,083 Cr
Total income (latest year)Rs 6,996 Cr
Share capitalRs 11 Cr
ReservesRs 6,239 Cr
Shareholders' fundsRs 6,250 Cr
Total assetsRs 11,690 Cr
Net blockRs 3,669 Cr
Capital work in progressRs 753 Cr
InvestmentsRs 4,399 Cr
ReceivablesRs 1,090 Cr
InventoryRs 1,073 Cr
Other liabilitiesRs 4,328 Cr
Shares outstanding (crore)1.05
Ownership
Promoter holding71.87% (-0.66 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.0 is at the 47th percentile of its own 9.4-year range (median 13.5, low 5.6, high 31.8).
P/B 0.58 is at the 22th percentile (median 0.82).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKIRLOSINDNifty 50Difference
1 week-4.5%-2.8% -1.7 pts
1 month-7.2%-6.8% -0.4 pts
3 months-15.3%-7.6% -7.7 pts
6 months+40.4%+0.4% +40.0 pts
1 year-14.1%-9.9% -4.1 pts
2 years-36.2%-13.6% -22.6 pts
3 years+6.7%+14.2% -7.5 pts
5 years+109.6%+27.9% +81.7 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,772 Cr +4.4% vs Jun 2025. Net profit ₹82 Cr -65.5%.
Against our estimate for Jun 2026: sales +2.0%, profit -24.1% in line. Our estimate for Sep 2026: sales Rs 1,856 Cr, profit Rs 94 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-11Dividend - Rs 13 Per Share
2025-08-06Dividend - Rs 13 Per Share
2024-09-17Dividend - Rs 13 Per Share
2024-09-17Annual General Meeting
2023-08-04Annual General Meeting/Dividend - Rs 11 Per Share
2022-08-01Annual General Meeting/Dividend - Rs 10 Per Share
2021-08-02 Annual General Meeting/Dividend - Rs 10 Per Share
2020-08-19 Annual General Meeting
2020-03-23 Interim Dividend- Rs 10 Per Share
2019-07-31 Annual General Meeting/ Dividend - Rs 21 Per Share
2018-08-02 Annual General Meeting / Dividend Rs 21 Per Share
2017-08-18 Annual General Meeting/Dividend- Rs.20 Per Share
2016-08-05 Annual General Meeting
2016-03-21 Interim Dividend - Rs 20/- Per Share
2015-08-19Annual General Meeting /Dividend - Rs 20/- Per Share
2014-08-22Annual General Meeting / Final Dividend - Rs 4/- Per Share
2013-07-30Annual General Meeting/Dividend Rs. 4/- Per Equity Share
2012-07-16Annual General Meeting And Dividend - Rs.4/- Per Share
2011-07-13Annual General Meeting And Dividend Rs.2.50 Per Share
2010-07-23Annual General Meeting
DateTypeWhat it says
2026-10-01UpdatesUpdate of Kirloskar Ferrous Industries Limited (KFIL), a listed material subsidiary of the Company.
2026-10-01UpdatesUpdate of Kirloskar Ferrous Industries Limited (KFIL), a listed material subsidiary of the Company.
2026-10-01ResignationResignation of Director/KMP/SMP
2026-10-01ResignationResignation of Director/KMP/SMP
2026-10-01Director changeChange in Director(s) of the company.
2026-10-01CessationCessation of Mr Vijay Varma as Non- Executive Independent Director of the company w.e.f. October 01, 2026.
2026-09-30ESOPAllotment of 5104 Shares.
2026-09-30AllotmentAllotment of 5104 securities pursuant to Other at its meeting held on September 30, 2025
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-01-11NCLTKirloskar Industries Limited & Ors Vs Kirloskar Brothers Limited & Ors
2020-12-04NCLTKirloskar Industries Limited & Ors. Vs Kirloskar Brothers Limited & Ors
2019-07-03NCLATKirloskar Brothers Ltd & Anr. VS Kirloskar Industries Ltd & Ors.
2019-02-14NCLTKirloskar Industries Ltd & Ors Vs Kirloskar Brothers Ltd & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Kirloskar Industries Ltd?

Kirloskar Industries Ltd (KIRLOSIND) has a market capitalisation of Rs 3,747 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kirloskar Industries Ltd?

Kirloskar Industries Ltd trades at a P/E of 12.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kirloskar Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Kirloskar Industries Ltd sales was Rs 1,772 Cr (+4.4% vs Jun 2025) and net profit was Rs 82 Cr.

What is the 52-week high and low of Kirloskar Industries Ltd?

The 52-week high is Rs 4,574.80 and the 52-week low is Rs 2,463.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03