KIRLOSKAR FERROUS SHARE PRICE ON 3rd October 2021

Let’s have a complete understanding of Kirloskar Ferrous Industries.

BUSINESS ANALYSIS

Kirloskar Ferrous was established in 1991 with an intention to transform the Pig and Grey Iron casting industry.

The parent company of Kirloskar Ferrous has been in the manufacturing industry for over a period of 130 years.

Cylinder block, head castings, and housing produced by Kirloskar Ferrous is widely used in engines, construction machines, farm equipment and utility vehicles.

Pig iron produced by the company is also used to prepare a variety of cast iron which tends to have a critical application in the industry.

There are following manufacturing facilities for Foundry and Pig Iron production:

Foundry: Koppal and Solapur plant.

Pig Iron: Koppal and Hiriyur plant.

There are 6 values which the company which incorporates in their day to day life which are as follows:

Excellence

Integrity

Collaboration

Empathy

Value Creation

Innovative thinking

COMPANY MISSION

In the following categories these are the milestones company wants to achieve:

Pig iron:

Lowest cost producer.

Expansion in value added products.

By 2022, to achieve 0.7 million tons of liquid metal.

Casting:

Exceeding customer expectations in Product development, Quality and Delivery.

Expansion and value addition in the segment of casting.

By 2025, to achieve 0.2 million tons of casting.

Expansion in new product categories beyond iron castings.

Now, coming to the financials of the Kirloskar Ferrous.

FINANCIAL KEY METRICS

The Market Capitalization of Kirloskar Ferrous is ₹ 3,564 Cr.

Kirloskar Ferrous has a price to earnings ratio of 7.77 which is a lesser than the industry price to earnings ratio of 9.08 indicating that Kirloskar Ferrous is lower as compared to the earnings it is generating.

The return on capital employed of the Kirloskar Ferrous is 33.4% which is quite commendable and shows that the company is providing awesome returns on the capital invested in it.

The return on equity of Kirloskar Ferrous is 35.1% showcasing the company’s great return on the investment done by their investors.

The debt to equity ratio of Kirloskar Ferrous is 0.29 which can be managed by any company.

Kirloskar Ferrous has provided a good profit growth of 39.22% CAGR in the last 5 years.

FINANCIAL ANALYSIS

For the quarter ended 30-06-2021, Kirloskar Ferrous reported a sales of Rs 823 Cr.

The net profit of Kirloskar Ferrous was Rs 212 Cr in the latest quarter ended 30-06-2021.    

The earning per share of the company is Rs 10.08 which is as per the quarter ended 30-06-21.

Kirloskar Ferrous stands tall at 1^st position in Steel sector.

SHARE HOLDING SYNOPSIS

PROMOTERS – 59.10%.

DIIs – 13.28%.

FIIs – 0.30%.

PUBLIC – 27.32%.

This is a brief overview of the financials of the Kirloskar Ferrous.

Now, let’s deep dive into the technicality of Kirloskar Ferrous share price.

CHART PATTERN ANALYSIS   

If we take a closer look at the chart in a daily time frame, a rounding pattern is under formation.

Kirloskar Ferrous share price was in a consolidated phase and now has given a breakout from its rectangular channel.

For Kirloskar Ferrous share price there is 1 target as stated in the above image.

The Kirloskar Ferrous share price on 03rd October 2021 is Rs 257. 

MOVING AVERAGE 

For Kirloskar Ferrous share price analysis, we are taking 9 days and 21 days moving average. 

In the history of the stock, whenever the 9 days moving average had crossed the 21 days moving average, a great rally was seen in downwards or upwards direction.

In Kirloskar Ferrous share price, the 9 days moving average has crossed the 21 days moving average which is a great sign.

The 9 days moving average is indicated in red while the 21 days moving average is blue.

SUPER TREND

The super trend for Kirloskar Ferrous share price is suggesting a buying signal in the daily timeframe.

Recently the super trend has suggested a buying signal so this is the right time to be an investor or trader in this stock.

DISCLAIMER