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(1/n) A thread on Kirloskar Ferrous Industries Ltd.

Founded in 1991, #Kirloskar Ferrous Industries Ltd. (KFIL) is in the business of Pig Iron and Grey Iron casting industry, serving infrastructure & construction, automotive, agriculture, manufacturing, textiles & steel sectors.
(2/n) Kirloskar Group was established in 1888. Laxmanrao Kashinath Kirloskar (20 Jun 1869 – 26 Sep 1956) was the founder of the Kirloskar Grp & the township of Kirloskarwadi, amongst India’s first industrial townships.
(3/n) Starting with a small bicycle repair shop at Belgaum on Kirloskar road, he manufactured India’s first iron plough, first Kirloskar product & chaff-cutters.

Shantanurao Kirloskar, Laxmanrao’s eldest son moved to Pune to start a diesel engines Co - Kirloskar Oil Engines Ltd.
(4/n) Back to Kirloskar Ferrous Ind., it caters mainly to Tractors, AutoMOTIVE & Diesel Engines Cos.

Co. has 2 plants - 1 in Koppal Bevinahalli vill. in KN & 1 in Solapur dist. of MH.

The Co. produces a wide range of products in grey iron castings & mfg, supply of pig iron.
(5/n) Products:
Grey Iron castings up to 300 kg/piece weight in the category of cylinder blocks, heads & housings.

Mfg & supply of pig Iron that includes foundry grade.

Co. sold 3,58,146 MT of pig iron (358,558 MT in FY19) & 78,663 MT castings (97,268 MT in FY19) in FY20.
10 year financials at a glance followed by FY20 Balance Sheet, Profit & Loss, Cash flow statements.

Interim dividend was ₹ 2 per equity share of ₹ 5 each and investors can consider interim as final dividend.

Info from Annual Report FY20, available at:…
1. Board and Management, shares in the Co.
2. Shareholding as of 31 Mar 2020.
3. Info on directors holding positions in other Cos.
4. Co. has 1,248 permanent employees; Salaries of top 10 employees & their equity holding. (Mr. C. S. Panicker superannuated in Dec 2019).
Biz, risk & prospects:
Lower demand for auto/tractors to impact capacity utilization & profitability, so does RM prices of coal, coke, iron ore, steel scrap.
FY21: Comm. of 20 MW PP using waste gas of coke oven plant & other cost efficiency measures.

R&D: as indicated.

End! 🙏
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