Kirloskar Ferrous Industries Limited

KIRLFER

INE884B01025

Iron & Steel

Market Closed - Bombay S.E. Other stock markets 06:00:49 2024-04-30 am EDT			5-day change	1st Jan Change
614.9 ^INR	-0.42%		+3.29%	+10.99%

Apr. 18	Kirloskar Ferrous Industries Reopens Mini Blast Furnace in Karnataka, India	MT
Mar. 29	Kirloskar Ferrous Industries Limited Announces the Installation of the Pulverised Coal Injection Plant, at Bevinahalli Village, District Koppal, Karnataka	CI

Kirloskar Ferrous Industries Limited agreed to acquire Oliver Engineering Private Limited in a bankruptcy sale.

September 11, 2023

Kirloskar Ferrous Industries Limited (BSE:500245) agreed to acquire Oliver Engineering Private Limited in a bankruptcy sale on August 14, 2023. The transaction was approved by National Company Law Tribunal on September 12, 2023. Satish Kishanchandani and Sanket Jain of Pioneer Legal acted as legal advisor to Kirloskar Ferrous Industries.

KPMG Corporate Finance India acted as financial advisor to Kirloskar Ferrous Industries.

Latest news about Kirloskar Ferrous Industries Limited

Kirloskar Ferrous Industries Reopens Mini Blast Furnace in Karnataka, India	Apr. 18	MT
Kirloskar Ferrous Industries Limited Announces the Installation of the Pulverised Coal Injection Plant, at Bevinahalli Village, District Koppal, Karnataka	Mar. 29	CI
Kirloskar Ferrous Industries Board Declares Interim Dividend for Fiscal 2024	Mar. 07	MT
Kirloskar Ferrous Industries Limited Declares Interim Dividend for the Financial Year 2023-2024, Payable on or Before 29 March 2024	Mar. 07	CI
Kirloskar Ferrous Industries Limited Announces Temporarily Suspension of Operations of the Mini Blast Furnace At Hiriyur Plant	Feb. 23	CI
Kirloskar Ferrous Temporarily Suspends Operations at Mini Blast Furnace	Feb. 22	MT
Transcript : Kirloskar Ferrous Industries Limited, Q3 2024 Earnings Call, Feb 05, 2024	Feb. 05
Kirloskar Ferrous Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 02	CI
Transcript : Kirloskar Ferrous Industries Limited, Q2 2024 Earnings Call, Nov 06, 2023	Nov. 06
Kirloskar Ferrous Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 03	CI
Kirloskar Ferrous Industries Limited Announces Retirement of Madhukar Vinayak Kotwal as Independent Director	23-10-10	CI
Kirloskar Ferrous Industries Acquires Oliver Engineering	23-10-02	MT
Kirloskar Ferrous Industries Limited completed the acquisition of Oliver Engineering Private Limited for INR 90 million in a bankruptcy sale.	23-09-28	CI
Kirloskar Ferrous Industries Limited agreed to acquire Oliver Engineering Private Limited in a bankruptcy sale.	23-09-11	CI
Kirloskar Ferrous Resumes Operations at Unit in Koppal, India	23-09-07	MT
Kirloskar Ferrous Industries Limited Announces to Raise Funds Not Exceeding INR 750,00,00,000 by Issuance of Non-Convertible Debentures	23-08-04	CI
Transcript : Kirloskar Ferrous Industries Limited, Q1 2024 Earnings Call, Aug 04, 2023	23-08-04
Kirloskar Ferrous Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-02	CI
Kirloskar Ferrous Industries Temporarily Suspends Operations at Unit in Koppal, India	23-06-06	MT
Kirloskar Ferrous Industries Limited Announces Temporary Suspension of Operations of 'Mini Blast Furnace - I' at Koppal Plant	23-06-06	CI
Transcript : Kirloskar Ferrous Industries Limited, Q4 2023 Earnings Call, May 15, 2023	23-05-15
Kirloskar Ferrous Industries Resumes Mini Blast Furnace Operations at Hiriyur Unit in India	23-05-14	MT
Kirloskar Ferrous Industries Limited Recommends Final Dividend for the Financial Year 2022-2023	23-05-12	CI
Kirloskar Ferrous Industries Limited Co-Opts Shalini Sarin as an Additional Director in the Category of Independent Director, Effective 13 May 2023	23-05-12	CI
Kirloskar Ferrous Industries Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2023	23-05-12	CI

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Company Profile

Kirloskar Ferrous Industries Limited is an India-based company engaged in the business of pig iron and iron castings. The Company specializes in producing custom grey iron castings for original equipment manufacturers and tier-I suppliers. Its main casting products include cylinder blocks, cylinder heads and housings, which are used in a wide range of engines, across construction machines, farm equipment and utility vehicles. Its pig iron product is used in various industries, such as steel, tractor industry, commercial vehicles manufacturing, automobile manufacturing and engine manufacturing, among others. It undertakes special grade production to meet customized pig iron requirements. The Company has three manufacturing facilities, situated at Koppal district and Chitradurga district in Karnataka State, and at Solapur district in Maharashtra State. The Company's subsidiary, ISMT Limited, is engaged in manufacturing of seamless tubes, cylinder tubes, components and engineering steels.

Sector

Iron & Steel

Calendar

2024-05-01 - Q4 2024 Earnings Release (Projected)

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Ratings for Kirloskar Ferrous Industries Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

614.9 INR

Average target price

653 INR

Spread / Average Target

+6.20%

Consensus

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Quarterly revenue - Rate of surprise

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Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
KIRLOSKAR FERROUS INDUSTRIES LIMITED	+10.99%	1.03B
JSW STEEL LIMITED	+0.25%	26.12B
BAOSHAN IRON & STEEL CO., LTD.	+17.20%	21.07B
CHINA STEEL CORPORATION	-7.96%	11.96B
JINDAL STEEL & POWER LIMITED	+24.27%	11.32B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+10.90%	10.83B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	+9.59%	10.16B
TERNIUM S.A.	-0.87%	8.46B
BHARAT FORGE LIMITED	+2.61%	7.16B
JINDAL STAINLESS LIMITED	+23.57%	6.91B

Iron, Steel Mills & Foundries