Kirloskar Ferrous Industries Limited (KIRLFER.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-137.7%

-₹157.82

vs ₹418.85 price

Levered DCF

₹393.99

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.06

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.07×	26.45×	29.42×	17.45×	8.56×	7.49×	5.27×	13.66×
P/B	1.49×	2.28×	2.71×	2.15×	1.68×	2.27×	0.82×	2.04×
P/S	0.83×	1.19×	1.43×	1.01×	0.79×	1.11×	0.32×	0.63×
EV / EBITDA	7.53×	11.97×	12.24×	8.34×	6.26×	5.48×	3.88×	6.74×
Gross margin	43.4%	43.2%	14.8%	41.7%	38.5%	23.9%	21.4%	17.5%
Operating margin	8.3%	37.8%	10.0%	10.9%	15.1%	19.2%	9.3%	8.0%
Net margin	5.2%	4.5%	4.9%	6.8%	9.3%	14.8%	6.1%	4.6%
Current ratio	1.1×	1.06×	1.1×	1.12×	1.09×	1.01×	0.96×	1.11×
Debt / equity	0.27×	0.37×	0.38×	0.32×	0.68×	0.29×	0.43×	0.19×
Interest coverage	4.58×	17.17×	5.08×	7.33×	19.12×	15.58×	9.89×	10.29×
Dividend yield	1.6%	1.2%	1.0%	1.2%	2.6%	1.2%	8.4%	2.8%
Payout ratio	25.3%	30.7%	30.4%	17.5%	22.0%	9.2%	44.3%	38.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.3%	8.6%	9.2%	14.5%	19.7%	30.2%	15.6%	14.9%
Return on invested capital	8.1%	35.9%	8.6%	11.8%	7.9%	23.6%	10.7%	12.9%
Return on assets	5.5%	4.6%	5.0%	8.0%	6.5%	15.6%	6.9%	7.1%
Free cash flow yield	8.6%	2.2%	-1.0%	4.9%	-2.9%	3.1%	-19.6%	-0.3%
Earnings yield	6.2%	3.8%	3.4%	6.8%	11.7%	13.3%	19.0%	7.3%
Enterprise value	₹67B	₹90.5B	₹99.5B	₹73.9B	₹41B	₹25.5B	₹9B	₹14.7B
Net debt / EBITDA	1.07×	1.62×	1.46×	1.03×	1.72×	0.61×	1.32×	0.58×
Cash conversion cycle (days)	51	66	71	51	67	45	23	26