Synopsis:
Kirloskar Ferrous Industries Ltd shares jumped around 5.8 percent after it received an order of Rs 358 crore from ‘Oil and Natural Gas Corporation Limited’ (‘ONGC’) for supply of regular EUE Tubing, Pup Joints and Cross overs.
The shares of this small-cap firm involved in manufacturing pig iron and ferrous castings and more saw a 5 percent gain in today’s market after receiving an order from ONGC. Further on we will look into the order and about the company .
With the market cap of Rs 8,806 crore, Kirloskar Ferrous Industries Ltd shares have made a high of Rs 546.60 which is 5.8 percent gain compared to its previous day close of Rs 516.65. It has given a return of 103 percent on a 3 year basis.
About the order
Kirloskar Ferrous Industries Ltd has received a work order from the ‘Oil and Natural Gas Corporation Limited’ (‘ONGC’) for the supply of regular EUE Tubing, Pup Joints and Cross-overs. The Total order value is around Rs 358 Crores and the completion time of this order will be from 21 October 2025 till 20 October 2026, in short, within a year.
Financials and others
Kirloskar Ferrous Industries Ltd has made sales of Rs1,698 crore in Q1 FY26 when compared to Rs 1,554 crore in Q1 FY25 which is YOY Sales Growth of about 9.30 percent. However the net profit has grown by 34 percent as profits in Q1 FY25 stood at Rs 70 crore which increased to Rs 95 crore in Q1FY26.
The company has a product portfolio which includes products like pig iron, castings, steel products, Tubes etc . The revenue contribution of each product according to Q1 FY26 is as follows : Pig iron – 30.70%, casting – 24.27%, tube – 32.8%, steel- 8.52%, by products- 3.7%.
Leading India’s industrial sector, Kirloskar Ferrous Industries Limited produces seamless tubes, steel, intricate castings, and premium pig iron for a range of applications. Its main goal is to expand sustainably while using innovation and limitless potential to generate infinite value for all stakeholders.
The company’s internal capacity, which includes 52 megawatts of waste heat recovery electricity and 82 megawatts of solar power, demonstrates its dedication to sustainability. It is among the top producers of ferrous castings and foundry-grade pig iron in the domestic market.
Written by Leon Mendonca
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