Employees: 9,264
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ₹3.81B | ₹491M | -₹894M | -₹88.0M |
| Capital expenditure | n/a | ₹4.48B | ₹4.85B | ₹5.32B | ₹4.81B |
| Total debt | ₹12.6B | ₹10.4B | ₹12.8B | ₹12.2B | ₹9.71B |
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| Measure | KIRLFER.NS | Peer median | Rank 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 margin | 7.9% | 3.4% | 5th highest of 21 |
| Forward P/E | 9.1× | 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 pp | least demanding of 13 |
| ROIC minus cost of capital | -4.6 pp | -5.6 pp | 9th highest of 21 |
| EV / EBITDA | 8.9× | 11.0× | 4th cheapest of 10 |
| Net debt / EBITDA | 1.4× | 1.0× | 5th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kirloskar Ferrous Industries KIRLFER.NS | India | $674M | -15% | +7% | 8% | 9.1× | 14.2% | +27.6% |
| Metallus MTUS | United States | $687M | -10% | +11% | 1% | 15.3× | n/a | n/a |
| Jai Balaji Industries JAIBALAJI.NS | India | $651M | -20% | +2% | 4% | 6.3× | 35.8% | +15.7% |
| SBHC 001430.KS | South Korea | $712M | -64% | +11% | 3% | 14.2× | n/a | n/a |
| Chung Hung Steel 2014.TW | Taiwan | $636M | -16% | -17% | -1% | 54.3× | -10.1% | -12.4% |
| Sunflag Iron & Steel SUNFLAG.NS | India | $730M | -7% | +9% | 9% | n/a | 23.4% | +15.7% |
| Guangdong Zhongnan Iron & Steel 000717.SZ | China | $734M | -19% | -12% | -5% | n/a | n/a | n/a |
| Yieh United Steel 9957.TWO | Taiwan | $581M | -18% | -10% | -12% | n/a | n/a | n/a |
| Shandong Jinling Mining 000655.SZ | China | $578M | -22% | +11% | 3% | 15.4× | 23.3% | +3.1% |
| Kurimoto,Ltd 5602.T | Japan | $576M | -4% | +3% | 7% | 10.5× | 2.1% | +1.9% |
| Silvery Dragon Group Co., Ltd Tianjin 603969.SS | China | $790M | -33% | -1% | 15% | 9.5× | -3.5% | +4.7% |
| Goodluck India GOODLUCK.NS | India | $571M | +15% | +10% | 8% | 24.5× | n/a | n/a |
| Champion Iron CIA.AX | Australia | $799M | -60% | -7% | 7% | 11.5× | 10.4% | +7.4% |
| Yieh Phui Enterprise 2023.TW | Taiwan | $804M | +5% | -9% | 0% | 25.2× | n/a | n/a |
| Maharashtra Seamless MAHSEAMLES.NS | India | $809M | -12% | -12% | 13% | 15.5× | 8.1% | +15.2% |
| Anyang Iron and Steel 600569.SS | China | $810M | -10% | +1% | -10% | n/a | n/a | n/a |
| Hangxiao Steel Structure 600477.SS | China | $810M | -24% | -24% | 3% | 28.6× | 11.6% | -2.5% |
| SunCoke Energy SXC | United States | $832M | +34% | +3% | 4% | 23.1× | 7.2% | +6.6% |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 6% | 17.5× | -4.8% | +8.4% |
| Xinjiang Ba Yi Iron & Steel 600581.SS | China | $526M | -19% | 0% | -8% | 5.9× | n/a | n/a |
| Bansal Wire Industries BANSALWIRE.NS | India | $517M | +3% | +20% | 6% | 25.4× | 31.6% | +23.0% |