The 5-year analysis of Kirloskar Ferrous Industries Ltd's performance infers:
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 (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
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 companyâ€™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 companyâ€™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.
Kirloskar Ferrous Industries is setting up new foundry division at Solapur plant.