Kirloskar Industries Limited, incorporated in 1978 and based in Pune, India, was formerly known as Kirloskar Oil Engines Limited. The company transitioned to its current name in March 2010. Atul Kirloskar serves as the Chairman, and Mahesh Chhabria will step down as Managing Director by March 31, 2025.
Kirloskar Industries Limited is a prominent Indian holding company operating across diverse sectors including agriculture, manufacturing, food and beverage, oil and gas, infrastructure, and real estate. It is recognized as a diversified conglomerate with core businesses in iron casting, wind power generation, and real estate, distinguished by its high-quality products and commitment to sustainable practices. The company serves crucial industries such as automotive, agriculture, and power generation.
The company's operations are structured across several key segments: Wind Power Generation, Investments (securities and properties), Real Estate, Iron Casting, and Tube & Steel. These verticals contribute to its diversified revenue streams:
This segment generates approximately 92% of total revenue through its subsidiary, Kirloskar Ferrous Industry Limited (51% stake), and about 4% from Tube operations. Kirloskar Industries Limited manufactures and sells iron castings in India, and is involved in real estate development and the manufacturing of seamless tubes, cylinder tubes, components, and engineering steels.
The Wind Power Generation segment involves the sale of wind power units to third-party consumers. The company operates approximately seven wind energy generators in Maharashtra, with a total installed capacity of 5.6 Megawatts, generating and selling wind-power electricity.
This segment encompasses investments in group companies, securities, and the leasing of properties. Kirloskar Industries Limited owns land, buildings, apartments, and offices in Pune, New Delhi, and Jaipur, which are primarily leased or licensed to group and other companies. Investments in Securities and Properties account for roughly 1% of total revenue. The company's standalone business predominantly consists of dividend income from group companies and property licensing fees, collectively contributing 90% of its standalone total income.
As of July 4, 2025, Kirloskar Industries Ltd. has a Market Cap of ₹4,302 Crore. The KIRLOSIND stock price was recorded at ₹4,132.90 on the same date. The stock reached a 52-week high of ₹6,466 on July 9, 2024, and a 52-week low of ₹2,810.80 on May 9, 2025.
Kirloskar Industries Limited reported its Q3 FY25 financial results, showing a 4.2% year-on-year (YoY) growth in consolidated revenue from operations, reaching ₹1,613.5 crore compared to ₹1,548.2 crore in Q3 FY24. However, net profit saw a significant decline of 52.4% YoY, falling to ₹24 crore from ₹50.5 crore in the same quarter of the previous year.
For the year ended 2024, Kirloskar Industries Ltd. reported a consolidated profit of ₹360.72 crore on a total income of ₹6,395.55 crore. For the quarter ended March 2024, the company posted a profit of ₹24.11 crore on a total income of ₹1,625.95 crore.
- Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 23.56%, significantly outpacing the industry average of 11.17%.
- Return on Equity: The company exhibits a low return on equity of 4.64% over the last 3 years.
- Dividend Policy: The dividend payout has been low, at 6.84% of profits over the last 3 years.
- P/E Ratio: The P/E ratio for Kirloskar Industries Ltd. is 29.7 as of July 4, 2025.
- P/B Ratio: The P/B ratio for Kirloskar Industries Ltd. is 0.68 as of July 4, 2025.
Promoter holding in Kirloskar Industries Ltd. has increased to 72.57% as of December 2024, up from 71.51% as of March 2024. There is no promoter pledging recorded for Kirloskar Industries Ltd.
The company's subsidiaries include Kirloskar Ferrous Industries Limited and Avante Spaces Limited. Avante Spaces Limited (ASL), a wholly-owned subsidiary in the Real Estate business, has recognized revenue from its inaugural project, "One Avante" in Kothrud, which is now reflected in the consolidated performance. ASL is currently focused on the timely execution of its second project, despite challenges in the labor market and approval delays.
Kirloskar Industries Ltd. has been implementing strategic initiatives to enhance operational efficiency and market position. Challenges faced by its subsidiary, Kirloskar Ferrous Industries Ltd. (KFIL), due to subdued demand in the tractor industry and lower Pig Iron realization, have resulted in a dip of approximately 1.5% in consolidated revenue from operations. The KFIL-ISMT merger is progressing well and is expected to be completed soon.
The stock price of Kirloskar Industries Ltd. has shown a 9% increase over the last month but is down by -32.24% over the last year. The Compound Annual Growth Rate (CAGR) for Kirloskar Industries Ltd. over different periods is as follows: 10 Years at 21%, 5 Years at 44%, 3 Years at 47%, and 1 Year at -32%.
The company continues to leverage its diversified business model while actively addressing operational challenges across its various segments. With its strong presence in iron casting through its subsidiary and a growing real estate portfolio, Kirloskar Industries remains strategically positioned to capitalize on India's infrastructure and industrial growth.
