Kirloskar ferrous industries ltd

Q&A: Questions & Answers Company Q&A
1

About Company
Kirloskar ferrous industries ltd is a flagship company of kirloskar group, promoted by kirloskar oil engines ltd. At present KFIL is having two manufacturing plants, one at Koppal district in Karnataka state and another at Solapur in Maharashtra state.KFIL is in the business of pig iron, grey iron casting and S.G. iron casting.
Koppal Plant has an installed Pig Iron manufacturing capacity of 360,000 MT per annum and Casting manufacturing capacity of 108,000 MT per annum. Solapur plant has an installed casting manufacturing capacity of up to 42,000 MT per annum.
KFIL supplies Pig iron to foundries who cater to the Auto, Engines & Compressors, Textile, Pumps, Pipes & Fittings & Fans etc
KFIL – Foundry is equipped to produce Grey Iron & S.G Iron Castings for a variety of applications such as Cylinder Blocks, Cylinder heads & different types of housings required by Automobile, Tractor, & Diesel engine Industries.

Current News
Company, will carry out upgradation work at its Koppal plant in Karnataka to raise the pig iron capacity at the site by 31,000 metric tonne per annum (MTPA) with an investment of around Rs 36 crores.
one mini blast furnace (MBF-I) of the company situated at Koppal plant in Karnataka has been shut down on September 19, 2016, for around 85 days on account of MBF-I upgrade,” said the company in a BSE filing.

The MBF-I upgrade will involve changing of outer shell of the furnace along with new refractory brick relining internally. “After upgradation, the liquid metal production capacity (for manufacturing pig iron) in respect of MBF-I will increase from 180,000 metric tonne per annum (MTPA) to 211,400 MTPA and consequently total production capacity of two mini-blast furnaces at the company level will increase from 360,000 MTPA to 391,400 MTPA,” the company added.

i have attached the last five year analysis of the company
Quantitative analysis Kirloskar Ferrous.xls (72.5 KB)

company is supplying its product to volvo and their is a news that the deal with volvo is at a huge volume and for longer term contract

is anyone having information about this news or have some other information about this company??

2 Likes
2

image
image1054Ă—309 31.1 KB

Are the director supposed to buy when result is due in few days?

3

Results came in today…

Q3_Kirloskar.pdf (690.3 KB)

4

The price mentioned here is Rs 50. Which means either it’s an old acquisition or allotment of ESOPs. Either way doesn’t seems to be an issue.

1 Like
5

Excellent set of numbers for FY21
Any views

1 Like
6

Hi,

Do you have the link/copy of the latest concall of this company?

7

You will get it on Research Bytes (requires a free login)

1 Like
8

Slowly this counter is scaling ATH. When is Q3 results are going to be declared, generally which is the source to know the companies result date announcement?

1 Like
9

ISMT has been acquired by KFL… Is SFIO (Serious Fraud Investigation Office) enquiry being done for ISMT ??. Any disclosure by Kirloskar Ferrous in this regard…

https://nclt.gov.in/gen_pdf.php?filepath=/Efile_Document/ncltdoc/casedoc/2709138084792022/04/Order-Challenge/04_order-Challange_004_168026308314305295446426c7ab4fee5.pdf

2 Likes
10

It should be possibly be a case on erstwhile promoters of ismt.
In any bankrupt or near bankruptcy company there are several cases (including criminal cases like fraud etc).
Once banks have given approval and new bidder has taken over the “company” after a due process under law, in my opinion the company per se operates with new promoters while the liability remains on previous promoters and Cases go on. I have personal experience in a real estate project where in old builder is facing humungous cases while company has been taken over by new builder.
Disc: the above are personal opinions and i have investment in kfil.

2 Likes