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Kirloskar Ferrous Industries Ltd. Stock Analysis

Small Cap
Evaluated by 478 users | BSE: 500245 | NSE: KIRLFER |
Castings/Forgings
Kirloskar Ferrous Industries (KFIL) incorporated in 1991; is engaged in business of manufacturing pig iron and ferrous casting.Later in 1994, the company set up mini blast furnace-I for commercial production and a captive power plant. Immediately in the next year, KFIL set up foundry division...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 14.76%14.35%11.77%9.3%11.82%12.49%14.91%7.21%16.09%14.51%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,0921,0901,1981,2321,3651,1141,2771,7652,1591,850
Y-o-Y Gr. Rt.--0.2%10%2.8%10.8%-18.4%14.6%38.3%22.3%-14.3%
Adjusted EPS (Rs.) 3.513.623.562.873.664.26.493.017.648.69
Y-o-Y Gr. Rt.-3.1%-1.7%-19.4%27.5%14.8%54.5%-53.6%153.8%13.7%
Book Value per Share (Rs.) 26.1527.6929.6231.0633.1435.8342.4343.0547.652.09
Adjusted Net Profit 48.249.648.939.450.357.789.141.3105120
Net Op. Cash Flow (Rs. Cr.) 74.919.174.210716111674.6129158204
Debt to Cash Flow from Ops 02.882.291.770.820.931.490.560.81.53
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Kirloskar Ferrous Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6%6.3%13.2%-14.3%
Adjusted EPS 10.6%18.9%10.2%13.7%
Book Value per Share 89.57.19.4
Share Price 21% 14.6% 5% 88.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 14.0513.4312.439.4711.4212.1916.587.0316.8117.36
Operating Profit Margin (%) 9.3110.210.229.0411.0413.5413.636.5210.2812.22
Net Profit Margin (%) 4.414.564.083.23.695.186.982.344.876.48
Debt to Equity 00.140.420.440.290.220.190.120.190.43
Working Capital Days 9110410010590929697108131
Cash Conversion Cycle -6295852434655646668
Entity Percentage Holding
Promoters 59.26%
Institutions 14.08%
Non-Institutions 26.65%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Kirloskar Ferrous Industries Ltd.'s performance infers:

Kirloskar Ferrous Industries Ltd. earnings have grown by 18.9%, whereas share price has appreciated 14.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Kirloskar Ferrous Industries Ltd. share prices over the last 10 years. Here is what we found out:

Kirloskar Ferrous Industries Ltd. share price has appreciated 15.7% annually over the past ten years.

Kirloskar Ferrous Industries (KFIL) incorporated in 1991; is engaged in business of manufacturing pig iron and ferrous casting.

Later in 1994, the company set up mini blast furnace-I for commercial production and a captive power plant. Immediately in the next year, KFIL set up foundry division and mini blast furnace-II.

Two years later i.e. in 1997, the company set up 3.5MW power plant connected to mini blast furnace-II. A decade after i.e. in 2007, the company acquired Solapur plant

Kirloskar Ferrous Industries (KFIL) incorporated in 1991; is engaged in business of manufacturing pig iron and ferrous casting.

Later in 1994, the company set up mini blast furnace-I for commercial production and a captive power plant. Immediately in the next year, KFIL set up foundry division and mini blast furnace-II.

Two years later i.e. in 1997, the company set up 3.5MW power plant connected to mini blast furnace-II. A decade after i.e. in 2007, the company acquired Solapur plant from Kirloskar Oil Engines. In the same year it set up hot blast stoves for its mini blast furnace-I.

The company’s manufacturing units are located at Hospet and Solapur.

The company has a product portfolio of Grey Iron castings, S.G Iron castings, Steel Investment castings and Pig Iron. KFIL produces range of these products such as Grey Iron castings: 1 kg - 500 kg single piece weight; S.G Iron castings: 1 Kg -70 Kg single piece weight; Investment castings: 1 gram-1 Kg single piece weight and Pig Iron: Foundry Grade, S.G. Iron Grade and Basic Grade

The company’s manufacturing units has received various certifications such as TS 16949, ISO 14001 and ISO 9001:2000 for its quality management.

Company caters its products to sectors like automotive, tractor, diesel, engineering and many more. KFIL has clientele namely Mahindra & Mahindra, Tata motors, Toyota Kirloskar Auto Parts, Eicher motors, Escorts, TAFE, Carraro, Simpson & Company are among others.

Outlook

Kirloskar Ferrous Industries is setting up new foundry division at Solapur plant.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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