Kirloskar Industries Ltd
NSE:KIRLOSIND
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Kirloskar Industries Ltd
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Kirloskar Industries Ltd
Kirloskar Industries Ltd. engages in the generation and management of windmills. The company is headquartered in Pune, Maharashtra and currently employs 13 full-time employees. Its segments include Windpower generation, Investments (securities and properties), Real Estate, Iron casting, Tube, and Steel. Through its subsidiary, Kirloskar Ferrous Industries Limited (KFIL), it is also engaged in the business of manufacturing pig iron and iron castings. The company sells wind power units to its third-party consumers as per the open access permissions received from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Avante Spaces is its brand for its real estate business. The company owns lands and buildings thereon and apartments and offices in Pune, New Delhi, and Jaipur. The firm has seven windmills in Maharashtra with total installed capacity of about 5.6 Megawatt (MW). The windmills are located at Tirade Village, Tal. Akole, Dist. Ahmednagar.
Kirloskar Industries Ltd. engages in the generation and management of windmills. The company is headquartered in Pune, Maharashtra and currently employs 13 full-time employees. Its segments include Windpower generation, Investments (securities and properties), Real Estate, Iron casting, Tube, and Steel. Through its subsidiary, Kirloskar Ferrous Industries Limited (KFIL), it is also engaged in the business of manufacturing pig iron and iron castings. The company sells wind power units to its third-party consumers as per the open access permissions received from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Avante Spaces is its brand for its real estate business. The company owns lands and buildings thereon and apartments and offices in Pune, New Delhi, and Jaipur. The firm has seven windmills in Maharashtra with total installed capacity of about 5.6 Megawatt (MW). The windmills are located at Tirade Village, Tal. Akole, Dist. Ahmednagar.
Sales Growth: Kirloskar Ferrous reported total sales of INR 1,736 crores for Q2 FY26, slightly up from INR 1,683 crores last year, with volume growth in pig iron and tubes offsetting weaker pricing.
Margin Pressures: EBITDA grew to INR 214 crores from INR 195 crores despite significant margin pressure, especially in pig iron due to a sharp drop in selling prices while input costs remained high.
Pig Iron Losses: Management confirmed pig iron operations are currently not covering costs, with oversupply and weak pricing causing industry-wide losses.
Casting Resilience: Casting division maintained stable realization by focusing on high value-added products and expects to approach annual volume targets as Oliver Foundry ramps up.
Tube Segment Growth: Tube sales volumes grew 24% YoY, though realizations are down due to commodity pressure; the company is targeting 200,000 tons annual run-rate.
Renewable Energy Initiatives: Continued investment in solar and wind power is expected to deliver INR 70–80 crores in power cost savings this year, with further wind and solar capacity additions planned.
Strategic Shift: The company is moving toward higher value-added products, reducing reliance on commoditized pig iron, and progressing with steel integration projects despite near-term headwinds.
Operational Updates: Maintenance shutdowns and commissioning delays are expected to have a minor short-term impact on production but long-term capacity expansions remain on track.
