(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.
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.
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.
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.
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: kirloskarferrous.com/site/assets/fi…
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: kirloskarferrous.com/site/assets/fi…
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).
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! 🙏
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! 🙏
