Kirloskar Ferrous Industries Ltd - Stock Valuation and Financial Performance

BSE: 500245 | NSE: KIRLFER | Castings/Forgings | Small Cap

Kirloskar Ferrous Share Price

511 -3.25 -0.63%
as on 19-Mar'24 12:09

DeciZen - make an informed investing decision on Kirloskar Ferrous

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kirloskar Ferrous Industries stock performance -

mw4me loader
P/E Ratio (SA):
29.34
Market Cap:
7,164.5 Cr.
52-wk low:
400
52-wk high:
650

Is Kirloskar Ferrous Industries Ltd an attractive stock to invest in?

1. Is Kirloskar Ferrous Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kirloskar Ferrous Industries Ltd is a average quality company.

2. Is Kirloskar Ferrous Industries Ltd undervalued or overvalued?

The key valuation ratios of Kirloskar Ferrous Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kirloskar Ferrous Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kirloskar Ferrous Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Kirloskar Ferrous:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kirloskar Ferrous Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.3%11.8%12.5%14.9%7.2%16.1%14.5%27.7%22.5%16.9%-
Value Creation
Index
-0.3-0.2-0.10.1-0.50.20.01.00.60.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2321,3651,1141,2771,7652,1591,8502,0383,6154,1493,765
Sales YoY Gr.-10.8%-18.4%14.6%38.3%22.3%-14.3%10.2%77.4%14.8%-
Adj EPS 2.93.74.26.537.68.72229.626.417.5
YoY Gr.-27.5%14.8%54.5%-53.6%153.8%13.7%152.8%34.6%-10.9%-
BVPS (₹) 31.133.135.842.443.147.652.17296.1115.6125.1
Adj Net
Profit
39.450.357.789.141.3105120304410366244
Cash Flow from Ops. 10716111674.6129158204296168903-
Debt/CF from Ops. 1.80.80.91.50.60.81.517.11-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.4%18.6%30.9%14.8%
Adj EPS 27.9%54.3%44.7%-10.9%
BVPS15.7%21.9%30.5%20.3%
Share Price 36.2% 40.6% 48.3% 12.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.511.412.216.6716.817.435.335.124.814.6
Op. Profit
Mgn %
91113.513.66.510.312.222.818.215.414.5
Net Profit
Mgn %
3.23.75.272.34.96.514.911.38.86.5
Debt to
Equity
0.40.30.20.20.10.20.40.30.90.6-
Working Cap
Days
1059092969710813112111112164
Cash Conv.
Cycle
52434655646668636776-11

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 30.91%

Net Profit is growing at healthy rate in last 3 years 44.74%

Debt to equity has declined versus last 3 years average to 0.55

Return on Equity has declined versus last 3 years average to 14.60%

Sales growth is not so good in last 4 quarters at -6.19%

Latest Financials - Kirloskar Ferrous Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 17.5 22
TTM Sales (₹ Cr.) 3,765 6,176
BVPS (₹.) 125.1 166.1
Reserves (₹ Cr.) 1,673 2,244
P/BV 4.11 3.10
PE 29.34 23.35
From the Market
52 Week Low / High (₹) 400.00 / 650.00
All Time Low / High (₹) 1.10 / 650.00
Market Cap (₹ Cr.) 7,165
Equity (₹ Cr.) 69.7
Face Value (₹) 5
Industry PE 32.1

Management X-Ray of Kirloskar Ferrous:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kirloskar Ferrous

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,2321,3651,1141,2771,7652,1591,8502,0383,6154,149
Operating Expenses 1,1211,2169631,1051,6561,9471,6341,5772,9683,531
Manufacturing Costs253289263258343408307320460553
Material Costs7958245927321,1471,3501,1331,0522,1962,627
Employee Cost 50657174819496107133152
Other Costs 2338384285969898179199
Operating Profit 111149151172109212215462647618
Operating Profit Margin (%) 9.0%10.9%13.5%13.5%6.2%9.8%11.6%22.6%17.9%14.9%
Other Income 3325661631142
Interest 23302411111617252885
Depreciation 345044465054587688104
Exceptional Items 0000000000
Profit Before Tax 58728512154147156363543472
Tax 1823273316494461137121
Profit After Tax 404958883898112302406351
PAT Margin (%) 3.2%3.6%5.2%6.9%2.2%4.5%6.1%14.8%11.2%8.5%
Adjusted EPS (₹)2.93.64.26.42.87.18.221.829.325.2
Dividend Payout Ratio (%)43%35%30%27%45%28%25%23%19%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4264554925835916557189961,3331,607
Share Capital 69696969696969696969
Reserves 3583864235145225866499271,2641,537
Minority Interest0000000000
Debt1548298111721152412141,124613
Long Term Debt601000041158129447370
Short Term Debt94729811172748385677243
Trade Payables246204137163358435376369862850
Others Liabilities 165186130128178185285353278538
Total Liabilities 9929288579861,1991,3901,6191,9333,5983,607

Fixed Assets

Gross Block8438839349851,0031,1011,3951,6281,8412,388
Accumulated Depreciation297341384411442493541616681783
Net Fixed Assets5465425505745616088541,0121,1601,604
CWIP 23318197362144162219186
Investments 00000011489486
Inventories16211893122217246236284550599
Trade Receivables190177139210292380293361539539
Cash Equivalents 121061255111626934
Others Assets5850604851898197371159
Total Assets 9929288579861,1991,3901,6191,9333,5983,607

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10716111675129158204296168903
PBT 58728512154147156363543472
Adjustment 5482675262697998108183
Changes in Working Capital 821-18-7427-17-2-79-365366
Tax Paid -13-13-18-24-15-41-30-86-117-118
Cash Flow From Investing Activity -85-57-32-70-57-161-316-223-910-434
Capex -86-58-34-74-58-162-317-213-424-446
Net Investments 000000-1-10-488-3
Others 12141111215
Cash Flow From Financing Activity -25-106-892-792118-70756-465
Net Proceeds from Shares 0000021321
Net Proceeds from Borrowing 5-35-500053175-21309129
Interest Paid -25-29-23-11-11-16-17-25-27-85
Dividend Paid -17-17-340-24-31-41-28-76-76
Others 12-251913-44-512549-434
Net Cash Flow -3-1-57-7-163144
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.5611.1812.1916.356.4815.7516.3735.2534.8723.86
ROCE (%)13.5616.8918.320.349.6322.5119.0833.4229.8722.12
Asset Turnover Ratio1.481.61.411.391.621.671.231.151.311.15
PAT to CFO Conversion(x)2.683.2920.853.391.611.820.980.412.57
Working Capital Days
Receivable Days45444650525766594547
Inventory Days42333131353948474251
Payable Days50515039344467652831

Kirloskar Ferrous Industries Ltd Stock News

Kirloskar Ferrous Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kirloskar Ferrous on 19-Mar-2024 12:09 is ₹511.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 12:09 the market cap of Kirloskar Ferrous stood at ₹7,164.5.
The latest P/E ratio of Kirloskar Ferrous as of 19-Mar-2024 12:09 is 29.34.
The latest P/B ratio of Kirloskar Ferrous as of 19-Mar-2024 12:09 is 4.11.
The 52-week high of Kirloskar Ferrous is ₹650.0 and the 52-week low is ₹400.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Ferrous is ₹3,765 ( Cr.) .

About Kirloskar Ferrous Industries Ltd

Founded in 1991, Kirloskar Ferrous Industries Limited (KFIL) was formed with the intention of transforming the high quality Pig Iron and Grey Iron casting industry. With a parent company that possesses a rich 130-year manufacturing and engineering legacy, the company has been built on a solid foundation of innovation and customer-centricity.

Its cylinder block, head castings and housing are used in a wide range of engines, across construction machines, farm equipment and utility vehicles made by some of the world’s largest automobile manufacturers. Its pig iron is used to make a variety of cast iron that finds critical use in a wide range of industries.

Its innovations in the foundry space have made it leaders in the category. The fires in its forges is where its products are created with the utmost precision and quality. But it’s also where its unbending values and vision are formed.

Business area of the company

The company is one of the fastest growing companies in the business of Pig Iron and Iron Castings. Its skilled workforce and the best infrastructure in the industry, give it the unique capability of producing a highly customized products that include single piece Grey Iron castings. The company is the destination of choice for the largest automotive manufacturers in the world who come to it for engine castings.

Products of the company

  • Pig Iron
  • Casting
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