Financials Kirloskar Ferrous Industries Limited

Equities

KIRLFER

INE884B01025

Iron & Steel

Market Closed - Bombay S.E. Other stock markets 06:22:33 2024-06-10 am EDT			5-day change	1st Jan Change
696.4 ^INR	-1.39%		+1.55%	+25.71%

May. 20	Transcript : Kirloskar Ferrous Industries Limited, Q4 2024 Earnings Call, May 20, 2024
May. 20	Kirloskar Ferrous Industries Gets Board Nod to Raise Up to INR7.50 Billion via Bond Sale	MT

Valuation

Fiscal Period: März	2022	2023	2024	2025	2026
Capitalization ¹	29,769	64,629	98,453	-	-
Enterprise Value (EV) ¹	29,769	64,629	75,881	98,453	98,453
P/E ratio	8.59 x	16.4 x	32.1 x	13.5 x	11.9 x
Yield	-	1.18%	0.33%	0.62%	0.7%
Capitalization / Revenue	-	1.01 x	1.23 x	1.16 x	1.04 x
EV / Revenue	-	1.01 x	1.23 x	1.16 x	1.04 x
EV / EBITDA	-	7.73 x	8.86 x	7.19 x	6.37 x
EV / FCF	-	20.4 x	33.6 x	20.1 x	56.4 x
FCF Yield	-	4.9%	2.97%	4.98%	1.77%
Price to Book	-	3.09 x	3.88 x	3.31 x	2.64 x
Nbr of stocks (in thousands)	138,717	138,958	139,402	-	-
Reference price ²	214.6	465.1	696.4	696.4	696.4
Announcement Date	5/17/22	5/12/23	5/17/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März	2022	2023	2024	2025	2026
Net sales ¹	-	64,174	61,463	85,122	94,715
EBITDA ¹	-	8,357	8,568	13,688	15,460
EBIT ¹	-	6,631	6,174	11,590	12,911
Operating Margin	-	10.33%	10.04%	13.62%	13.63%
Earnings before Tax (EBT) ¹	-	6,170	4,529	11,386	12,713
Net income ¹	3,471	3,951	2,381	7,155	8,129
Net margin	-	6.16%	3.87%	8.41%	8.58%
EPS ²	24.99	28.31	16.97	51.60	58.60
Free Cash Flow ¹	-	3,165	2,926	4,907	1,747
FCF margin	-	4.93%	4.28%	5.76%	1.84%
FCF Conversion (EBITDA)	-	37.87%	30.61%	35.85%	11.3%
FCF Conversion (Net income)	-	80.1%	68.62%	68.58%	21.49%
Dividend per Share ²	-	5.500	2.300	4.300	4.900
Announcement Date	5/17/22	5/12/23	5/17/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März	2023 Q2	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	-	16,005	15,656	15,025
EBITDA ¹	-	2,412	2,210	2,074
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income ¹	1,110	-	-	740.1
Net margin	-	-	-	4.93%
EPS	6.940	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	11/5/22	2/7/23	5/12/23	8/2/23

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: März	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	3,165	2,926	4,907	1,747
ROE (net income / shareholders' equity)	-	20.5%	18.6%	27.6%	24.7%
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share ²	-	151.0	179.0	211.0	264.0
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	4,813	5,500	5,000	7,000
Capex / Sales	-	7.5%	8.04%	5.87%	7.39%
Announcement Date	5/17/22	5/12/23	5/17/24	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Kirloskar Ferrous Industries Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

696.4 INR

Average target price

736.5 INR

Spread / Average Target

+5.75%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
KIRLOSKAR FERROUS INDUSTRIES LIMITED	+25.71%	1.18B
JSW STEEL LIMITED	+4.01%	26.57B
BAOSHAN IRON & STEEL CO., LTD.	+17.88%	20.93B
JINDAL STEEL & POWER LIMITED	+35.30%	12.33B
CHINA STEEL CORPORATION	-12.22%	11.15B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+6.48%	10.41B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	0.00%	9.15B
BHARAT FORGE LIMITED	+27.59%	8.83B
JINDAL STAINLESS LIMITED	+42.27%	7.84B
TERNIUM S.A.	-8.83%	7.7B

Iron, Steel Mills & Foundries