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State-owned producer of iron ore pellets and pig iron, exporting mainly to steelmakers in Asia and the Middle East.
State-owned producer of iron ore pellets and pig iron, exporting mainly to steelmakers in Asia and the Middle East.
Its Kudremukh iron-ore mine was shut by court order in the mid-2000s, so it now buys ore for its Mangalore pellet plant and sells pellets at market-linked prices; earnings depend on ore costs against pellet prices and on securing a captive mine. The Government of India owns it.
In one line: A small, state-owned iron ore pellet exporter.
Moat: none (scale). Government-owned pellet plant, but pellets are a commodity product with no pricing power.
Headquarters: Bengaluru, India · Founded: 1976 · Employees: 1,041
Size KIOCL (KIOCL.NS) is an India Materials company (Steel) with a market value of $2.15B, the 360th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹334.75 on 6 Nov 2026.
Performance Over six months the shares fell 18.0%, against -23.2% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 27.4% over the last twelve months (peer median -1.0%); the operating margin is -6.3% (peer median 3.9%).
Valuation It trades at 29.8× enterprise value to sales against a peer median of 0.9× (most expensive of 21).
Capital Return on invested capital runs 17.9 points below its cost of capital (16.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹6.81B | ₹6.11B | ₹5.91B | ₹18.5B | ₹15.4B |
| Revenue growth | — | +4% | -68% | +20% | — |
| Gross profit | -₹35.1M | -₹359M | -₹1.98B | -₹516M | -₹1.35B |
| EBITDA | -₹58.0M | -₹310M | -₹1.94B | -₹674M | -₹1.58B |
| Net income | ₹389M | ₹166M | -₹2.05B | -₹833M | -₹977M |
| Free cash flow | n/a | ₹1.23B | ₹3.56B | ₹363M | -₹6.80B |
| Capital expenditure | n/a | ₹255M | ₹273M | ₹1.13B | ₹4.23B |
| Total debt | n/a | ₹1.92B | ₹1.93B | ₹1.80B | ₹5.37B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| KIOCL KIOCL.NS | $2.15B | -18% | +27% | -6% | 29.8× | n/a |
| NMDC NMDC.NS | $6.55B | -22% | +27% | 27% | 1.9× | 5.2% |
| Kirloskar Ferrous Industries KIRLFER.NS | $674M | -15% | +7% | 8% | 1.0× | 14.2% |
| Vale S.A. Sponsored ADR VALE | $45.4B | -30% | +11% | 25% | 1.4× | -14.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KIOCL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | -7.8% | 9th highest of 21 |
| 6-month return | -18.0% | -23.2% | 10th highest of 21 |
| Distance from 52-week high | -24.3% | -39.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +27.4% | -1.0% | 5th highest of 21 |
| Operating margin | -6.3% | 3.9% | 2nd lowest of 20 |
| EV / Sales | 29.8× | 0.9× | most expensive of 21 |
| ROIC minus cost of capital | -17.9 pp | -3.8 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| KIOCL KIOCL.NS | India | $2.15B | -18% | +27% | -6% | 29.8× | n/a | n/a |
| Xinxing Ductile Iron Pipes 000778.SZ | China | $2.05B | -24% | +15% | 2% | 0.6× | -6.9% | -2.8% |
| Maanshan Iron & Steel 0323.HK | Hong Kong | $2.27B | -50% | 0% | 0% | 0.6× | 3.8% | -1.7% |
| Advanced Technology & Materials 000969.SZ | China | $2.28B | -32% | +37% | 5% | 1.6× | 16.2% | +9.8% |
| Daido Steel 5471.T | Japan | $2.29B | -4% | +8% | 7% | 0.9× | 8.8% | +7.0% |
| Outokumpu OUT1V.HE | Finland | $1.99B | -31% | -7% | -1% | 0.4× | 14.0% | -0.7% |
| Alleima ALLEI.ST | Sweden | $2.32B | +9% | -5% | 7% | 1.2× | 12.9% | +0.4% |
| Shandong Iron and Steel 600022.SS | China | $1.98B | -12% | -10% | n/a | 0.8× | 1.3% | -5.1% |
| Hainan Mining 601969.SS | China | $2.44B | -33% | +29% | 17% | 3.3× | 0.8% | +9.9% |
| Worthington Steel WS | United States | $1.88B | -9% | +69% | 3% | 0.9× | 26.5% | -1.5% |
| Angang Steel 0347.HK | Hong Kong | $2.48B | -32% | -1% | -7% | 0.5× | n/a | n/a |
| Tung Ho Steel Enterprise 2006.TW | Taiwan | $1.86B | +26% | -4% | 12% | 1.1× | -10.3% | +6.2% |
| Ratnamani Metals & Tubes RATNAMANI.NS | India | $1.83B | -13% | -16% | 14% | 4.0× | 27.4% | +14.4% |
| Sims SGM.AX | Australia | $2.62B | -11% | +7% | 4% | 0.6× | 14.6% | +6.2% |
| Aperam APAM.AS | Netherlands | $2.63B | -32% | -4% | 2% | 0.6× | 12.9% | +10.9% |
| Sichuan Anning Iron and Titanium 002978.SZ | China | $1.72B | -22% | -10% | 41% | 8.3× | 6.1% | +4.2% |
| China Nonferrous Metal Industry's Foreign Engineering and Construction 000758.SZ | China | $1.72B | -17% | +42% | 7% | 1.5× | 9.1% | +8.4% |
| Jindal Saw JINDALSAW.NS | India | $1.70B | +4% | -1% | 6% | 1.1× | 17.5% | +10.9% |
| Hyundai Steel 004020.KS | South Korea | $2.73B | -34% | +2% | 1% | 0.2× | -1.2% | +4.8% |
| Hangzhou Iron & Steel 600126.SS | China | $2.73B | -38% | -58% | -1% | 0.6× | 19.3% | +9.8% |
| Zhejiang Jiuli Hi-Tech Metals 002318.SZ | China | $2.75B | -37% | -38% | 4% | 2.3× | 15.4% | +19.5% |