Kirloskar Industries Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Iron Casting: 50.4% • Tube: 27.4% • Steel: 19.8%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 27.6% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.75x)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 36.2% versus prior year
- Company has a low return on equity of 7.5% over last 3 years
- Company has a low return on capital employed of 10.1%
- Recurring exceptional / one-off items are inflating headline profit
- Though reporting repeated profits, the company pays out little dividend (6.0%)
- Expensive relative to growth - PEG of 8.8
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 430.60 | 61.64 | 149937.65 | 0.33 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 1018.90 | 94.43 | 50382.66 | 0.58 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3680.25 | 73.91 | 43852.50 | 0.54 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 34514.05 | 55.37 | 30515.68 | 0.32 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 987.95 | 69.84 | 22468.26 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 21.34 | 21.40 |
| INOXINDIA | 2245.75 | 80.12 | 20418.91 | 0.09 | 580.72 | 850.16 | 3707.90 | 991.77 | 33.54 | 20.46 |
| AZAD | 2846.00 | 132.25 | 18379.96 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.04 | 37.29 |
| TRITURBINE | 569.10 | 53.80 | 18091.60 | 0.75 | 51.10 | -20.65 | 442.70 | 19.23 | 35.95 | 11.59 |
| TEGA | 1731.10 | 615.52 | 13005.36 | 0.12 | -108.25 | -406.36 | 1723.44 | 383.99 | 8.37 | 3.27 |
| LLOYDSENGG | 82.72 | 57.36 | 12830.19 | 0.30 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| KRN | 1595.75 | 107.75 | 10445.54 | 0.00 | 32.90 | 164.84 | 252.32 | 118.87 | 16.06 | 19.44 |
| KIRLOSIND | 3830.40 | 27.06 | 4025.59 | 0.34 | 78.75 | -17.52 | 1779.15 | 4.32 | 8.60 | 12.07 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,508 | 1,578 | 1,554 | 1,729 | 1,559 | 1,688 | 1,614 | 1,748 | 1,705 | 1,782 | 1,624 | 1,827 | 1,779 | |
| 1,300 | 1,315 | 1,325 | 1,488 | 1,380 | 1,476 | 1,441 | 1,542 | 1,487 | 1,548 | 1,440 | 1,612 | 1,664 | |
| Operating Profit | 209 | 263 | 228 | 240 | 179 | 212 | 172 | 206 | 219 | 233 | 184 | 216 | 115 |
| OPM % | 13.83% | 16.68% | 14.70% | 13.90% | 11.46% | 12.55% | 10.68% | 11.78% | 12.82% | 13.10% | 11.33% | 11.81% | 6.45% |
| 10 | -26 | 15 | -19 | 13 | 18 | 12 | 39 | 13 | 12 | -12 | 48 | 49 | |
| Interest | 30 | 30 | 30 | 32 | 34 | 37 | 39 | 36 | 34 | 33 | 29 | 30 | 30 |
| Depreciation | 47 | 58 | 64 | 73 | 61 | 64 | 66 | 67 | 65 | 68 | 68 | 70 | 70 |
| Profit before Tax | 142 | 150 | 148 | 116 | 96 | 129 | 80 | 142 | 133 | 145 | 75 | 163 | 105 |
| Tax % | 33.66% | 39.46% | 29.18% | 38.95% | 31.05% | 29.44% | 32.81% | 31.60% | 28.07% | 32.44% | 34.28% | 31.86% | 24.55% |
| Net Profit | 0 | 0 | 0 | 0 | 66 | 92 | 53 | 97 | 95 | 98 | 49 | 110 | 79 |
| 41.06 | 45.37 | 51.46 | 62.08 | 28.84 | 49.25 | 23.17 | 44.80 | 42.00 | 48.90 | 19.17 | 41.88 | 32.05 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,137 | 1,793 | 2,190 | 1,886 | 2,055 | 3,783 | 6,463 | 6,368 | 6,608 | 6,939 | 7,012 | |
| 968 | 1,675 | 1,965 | 1,651 | 1,598 | 3,126 | 5,603 | 5,428 | 5,839 | 6,087 | 6,264 | |
| Operating Profit | 170 | 117 | 225 | 235 | 456 | 657 | 859 | 940 | 769 | 852 | 748 |
| OPM % | 14.91% | 6.54% | 10.29% | 12.45% | 22.20% | 17.36% | 13.30% | 14.77% | 11.63% | 12.28% | 10.67% |
| 50 | 38 | 37 | 44 | 28 | 38 | 70 | -20 | 82 | 62 | 97 | |
| Interest | 14 | 13 | 18 | 19 | 27 | 31 | 97 | 122 | 146 | 126 | 122 |
| Depreciation | 47 | 51 | 57 | 60 | 79 | 95 | 175 | 242 | 259 | 272 | 277 |
| Profit before Tax | 159 | 91 | 188 | 200 | 378 | 568 | 657 | 556 | 446 | 516 | 488 |
| Tax % | 24.87% | 25.39% | 29.79% | 24.65% | 17.55% | 44.37% | 30.09% | 35.13% | 31.07% | 2.42% | 30.83% |
| Net Profit | 119 | 68 | 132 | 151 | 311 | 316 | 460 | 361 | 308 | 503 | 338 |
| EPS | 77.66 | 51.03 | 86.33 | 98.68 | 163.99 | 193.77 | 216.77 | 201.81 | 143.22 | 216.50 | — |
| Dividend Payout % | 25.75% | 41.10% | 24.25% | 10.13% | 5.93% | 5.05% | 5.00% | 6.44% | 9.08% | 6.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 20%
- 5 Years:
- 28%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 7%
- 3 Years:
- 2%
STOCK PRICE CAGR
- 10 Years:
- 15%
- 5 Years:
- 20%
- 3 Years:
- 5%
- 1 Year:
- 1%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 11%
- 3 Years:
- 7%
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 |
| Minority Interest | 283 | 288 | 320 | 352 | 489 | 1,737 | 1,670 | 1,747 | 1,861 | 2,097 |
| 875 | 1,774 | 1,339 | 1,003 | 1,709 | 2,296 | 3,225 | 4,920 | 6,261 | 6,226 | |
| 113 | 92 | 149 | 311 | 292 | 1,204 | 964 | 1,218 | 1,276 | 1,105 | |
| Trade Payables | 164 | 358 | 435 | 376 | 369 | 1,072 | 1,041 | 863 | 1,072 | 1,182 |
| 135 | 268 | 300 | 366 | 328 | 466 | 625 | 1,004 | 1,172 | 1,070 | |
| Total Liabilities | 1,578 | 2,789 | 2,554 | 2,418 | 3,196 | 6,786 | 7,534 | 9,761 | 11,651 | 11,690 |
| 581 | 592 | 630 | 878 | 1,039 | 2,762 | 3,090 | 3,243 | 3,593 | 3,665 | |
| Capital Work in Progress | 19 | 76 | 57 | 138 | 230 | 398 | 388 | 728 | 651 | 733 |
| 511 | 1,423 | 933 | 541 | 1,068 | 1,190 | 1,575 | 3,392 | 4,730 | 4,399 | |
| 122 | 217 | 246 | 236 | 284 | 992 | 1,135 | 1,027 | 1,127 | 1,073 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 912 | 1,044 | 1,090 | |
| Cash & Bank | 84 | 32 | 28 | 44 | 66 | 344 | 202 | 115 | 170 | 238 |
| 261 | 449 | 660 | 581 | 509 | 1,100 | 1,144 | 344 | 337 | 493 | |
| Total Assets | 1,578 | 2,789 | 2,554 | 2,418 | 3,196 | 6,786 | 7,534 | 9,761 | 11,651 | 11,690 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 122 | 133 | 160 | 222 | 351 | 452 | 977 | 576 | 612 | 874 | |
| Cash from Investing | -51 | -31 | -108 | -258 | -194 | -931 | -369 | -600 | -537 | -471 |
| Cash from Financing | -28 | -87 | -4 | 108 | -56 | -56 | -397 | -5 | -70 | -355 |
| 9 | -11 | 0 | 35 | 6 | -670 | -5 | -29 | -7 | 46 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - Significant increase in volume has been observed in Kirloskar Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Kirloskar Industries Limited has submitted their response.
2026-09-11 - Significant increase in volume has been observed in Kirloskar Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-09-05 - Kirloskar Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-04 - Kirloskar Industries Limited has informed the Exchange regarding Notice of Postal Ballot dated 12 August 2026
2026-09-01 - Kirloskar Industries Limited has informed the Exchange regarding Appointment of Mr Sandeep Gokhale as Non- Executive Independent Director of the company w.e.f. September 01, 2026.
2026-09-01 - Kirloskar Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
2026-08-21 - Kirloskar Industries Limited has informed the Exchange that Record date for the purpose of Cut-off / Record date for Postal Ballot is 28-Aug-2026.
2026-08-18 - Kirloskar Industries Limited has informed the Exchange regarding Change in Auditors of the company.
2026-08-18 - Kirloskar Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for KIRLOSIND
Loading news…
AI Stock Analyst
Kirloskar Industries Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account