Loading…
← CockpitCompetitor Analysis › KIRLFER.NS Kirloskar Ferrous Industries Ltd.Open in the cockpit ↗

Kirloskar Ferrous Industries Ltd.KIRLFER.NSCompetitor analysis, valuation and peers

India · INR·Metal & Mining›Steel
Momentum laggard 17
Mkt cap
$674M
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$583,706
20-day average traded
Fwd P/E
9.1×
forward earnings
ROIC−WACC
-4.6 pp
WACC 12.9%
Hurdle
-13 pp
Req g minus delivered
Next earnings
80 days
25 Jan 2027
Close · INR₹385.40
1D-3.0%
1W-11.7%
1M-18.7%
3M-13.3%
6M-14.9%
YTD-14.8%
1Y-16.0%
ATR %4.3%
52w lowhigh27.8% off high

What Kirloskar Ferrous Industries does

Employees: 9,264

Kirloskar Ferrous Industries at a glance

Size Kirloskar Ferrous Industries (KIRLFER.NS) is an India Materials company (Steel) with a market value of $674M, the 732nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹385.40 on 6 Nov 2026.

Performance Over six months the shares fell 14.9%, against -17.3% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 6.7% over the last twelve months (peer median +1.3%); the operating margin is 7.9% (peer median 3.4%).

Valuation It trades at 9.1× forward earnings against a peer median of 15.4× (3rd cheapest of 17).

Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -13 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.6 points below its cost of capital (12.9% WACC).

Next results Next results expected around 25 Jan 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026KIRLFER.NS 86Peer median 84
Six months, rebased to 100: Kirloskar Ferrous Industries against the median of its 20 peers (local-currency closes).

Kirloskar Ferrous Industries financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹72.5B₹68.8B₹65.6B₹61.2B₹64.1B
Revenue growth—+5%+7%-5%—
Gross profit₹25.2B₹9.27B₹8.41B₹9.04B₹9.87B
EBITDA₹8.49B₹8.78B₹7.72B₹8.53B₹8.73B
Net income₹3.56B₹5.07B₹2.94B₹2.98B₹4.37B
Free cash flown/a₹3.81B₹491M-₹894M-₹88.0M
Capital expendituren/a₹4.48B₹4.85B₹5.32B₹4.81B
Total debt₹12.6B₹10.4B₹12.8B₹12.2B₹9.71B

Quarterly statements and history in the cockpit →

Kirloskar Ferrous Industries competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-20%0%MTUSJAIBALAJI0014302014SUNFLAG00071799570006555602603969GOODLUCKCIA2023MAHSEAMLES600569600477SXC002478600581BANSALWIREKIRLFER.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Kirloskar Ferrous Industries is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×MTUSJAIBALAJI00143020145602GOODLUCKCIA2023MAHSEAMLES600477SXC002478600581BANSALWIREKIRLFER.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kirloskar Ferrous Industries is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%JAIBALAJI2014SUNFLAG0006555602603969CIAMAHSEAMLES600477SXC002478BANSALWIREKIRLFER.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Kirloskar Ferrous Industries is the large dot.

Kirloskar Ferrous Industries competitors and peer comparison

How Kirloskar Ferrous Industries compares with its peers

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.

Kirloskar Ferrous Industries against its 20 peers (data as of 6 Nov 2026)
MeasureKIRLFER.NSPeer medianRank in peer set
1-month return-18.7%-9.5%4th lowest of 21
6-month return-14.9%-17.3%10th highest of 21
Distance from 52-week high-27.8%-31.1%8th highest of 21
Revenue growth (TTM)+6.7%+1.3%7th highest of 21
Operating margin7.9%3.4%5th highest of 21
Forward P/E9.1×15.4×3rd cheapest of 17
Growth the price implies (Req g, 7 yrs)14.2%9.2%5th most demanding of 13
Growth delivered (Del g)+27.6%+7.0%highest of 13
Hurdle (Req g minus delivered)-13.4 pp+2.6 ppleast demanding of 13
ROIC minus cost of capital-4.6 pp-5.6 pp9th highest of 21
EV / EBITDA8.9×11.0×4th cheapest of 10
Net debt / EBITDA1.4×1.0×5th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Kirloskar Ferrous Industries KIRLFER.NSIndia$674M-15%+7%8%9.1×14.2%+27.6%
Metallus MTUSUnited States$687M-10%+11%1%15.3×n/an/a
Jai Balaji Industries JAIBALAJI.NSIndia$651M-20%+2%4%6.3×35.8%+15.7%
SBHC 001430.KSSouth Korea$712M-64%+11%3%14.2×n/an/a
Chung Hung Steel 2014.TWTaiwan$636M-16%-17%-1%54.3×-10.1%-12.4%
Sunflag Iron & Steel SUNFLAG.NSIndia$730M-7%+9%9%n/a23.4%+15.7%
Guangdong Zhongnan Iron & Steel 000717.SZChina$734M-19%-12%-5%n/an/an/a
Yieh United Steel 9957.TWOTaiwan$581M-18%-10%-12%n/an/an/a
Shandong Jinling Mining 000655.SZChina$578M-22%+11%3%15.4×23.3%+3.1%
Kurimoto,Ltd 5602.TJapan$576M-4%+3%7%10.5×2.1%+1.9%
Silvery Dragon Group Co., Ltd Tianjin 603969.SSChina$790M-33%-1%15%9.5×-3.5%+4.7%
Goodluck India GOODLUCK.NSIndia$571M+15%+10%8%24.5×n/an/a
Champion Iron CIA.AXAustralia$799M-60%-7%7%11.5×10.4%+7.4%
Yieh Phui Enterprise 2023.TWTaiwan$804M+5%-9%0%25.2×n/an/a
Maharashtra Seamless MAHSEAMLES.NSIndia$809M-12%-12%13%15.5×8.1%+15.2%
Anyang Iron and Steel 600569.SSChina$810M-10%+1%-10%n/an/an/a
Hangxiao Steel Structure 600477.SSChina$810M-24%-24%3%28.6×11.6%-2.5%
SunCoke Energy SXCUnited States$832M+34%+3%4%23.1×7.2%+6.6%
Jiangsu Changbao Steel Tube 002478.SZChina$847M-40%+2%6%17.5×-4.8%+8.4%
Xinjiang Ba Yi Iron & Steel 600581.SSChina$526M-19%0%-8%5.9×n/an/a
Bansal Wire Industries BANSALWIRE.NSIndia$517M+3%+20%6%25.4×31.6%+23.0%

Questions

Which companies are Kirloskar Ferrous Industries's closest peers?
The cockpit's peer set: Metallus (MTUS), Jai Balaji Industries (JAIBALAJI.NS), SBHC (001430.KS), Chung Hung Steel (2014.TW), Sunflag Iron & Steel (SUNFLAG.NS), Guangdong Zhongnan Iron & Steel (000717.SZ), Yieh United Steel (9957.TWO), Shandong Jinling Mining (000655.SZ).
Is Kirloskar Ferrous Industries expensive compared with its peers?
On forward p/e it trades at 9.1× against a peer median of 15.4×, 3rd cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -13 pp: the price already allows for a slowdown.
How has Kirloskar Ferrous Industries stock performed?
Over six months to 6 Nov 2026 the shares returned -14.9% against -17.3% for the median peer; over one year -16.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.