BSE: 500245

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Kirloskar Ferrous Industries Ltd. share price target and research reports

Name: Latest research reports of Kirloskar Ferrous Industries Ltd. authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: Kirloskar Ferrous Industries Ltd.
Rating: 5
Author: Monarch Networth Capital Limited

Latest analyst research reports with target prices and PDF download for KIRLFER, BSE:500245 Kirloskar Ferrous Industries Ltd.

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Kirloskar Ferrous Industries Ltd.

17 Nov 2023, 12:00AM

Kirloskar Ferrous Industries - Only gets better from here

Buy: Kirloskar Ferrous Industri...

Target

Monarch Networth Capital Limited

Kirloskar Ferrous Industries Ltd. is trading above all available SMAs

Kirloskar Ferrous Industries Ltd.

13 Feb 2023

Kirloskar Ferrous Industries Ltd - Cost saving saga begins

Buy: Kirloskar Ferrous Industri...

Target

Monarch Networth Capital Limited

Kirloskar Ferrous Industries Ltd. has gained 23.42% in the last 3 Months

Kirloskar Ferrous Industries Ltd.

20 May 2022

Kirloskar Ferrous Industries Ltd. Work in progress mode

Buy: Kirloskar Ferrous Industri...

Target

Monarch Networth Capital Limited

Kirloskar Ferrous Industries Ltd. average weekly volume is high.

Kirloskar Ferrous Industries Ltd.

19 Mar 2022

KIRLOSKAR FERROUS INDUSTRIES LTD.

Buy: Kirloskar Ferrous Industri...

Ventura

Cost savings & production ramp up to drive earnings

Kirloskar Ferrous Industries Ltd. is trading at high day volume of 244.6K.

Kirloskar Ferrous Industries Ltd.

02 Dec 2021

Kirloskar Ferrous Industries Ltd. - A slow march forward - Company Update (ISMT Acquisition)

Buy: Kirloskar Ferrous Industri...

Target

Monarch Networth Capital Limited

Kirloskar Ferrous Industries Ltd. (KFIL's) announced acquisition of controlling stake (51%) in Indian Seamless Metal tubes (ISMT) at consideration of Rs4.77bn through purchase of ISMT's preferential shares, is an attempt at forward integrating the existing pig iron assets with few other synergies. While we believe in KFIL's plans to turnaround ISMT assets, it will come at additional cost. Completely merging the ISMT business will further need debt or equity dilution. Therefore, we believe that KFIL could have derived a better deal to lighten up medium term liabilities. We lower our TP to Rs310 (previously Rs360) and retain...

Kirloskar Ferrous Industries Ltd. is trading above all available SMAs

Kirloskar Ferrous Industries Ltd.

02 Nov 2021

Kirloskar Ferrous Industries Ltd. - Attempt at forward integration

Buy: Kirloskar Ferrous Industri...

Monarch Networth Capital Limited

Kirloskar Ferrous Industries (KFIL) has expressed interest for the seamless tube and alloy steel manufacturing assets of Indian Seamless metal tubes ltd (ISMT) with a non-binding offer of Rs6.7bn (~80% haircut to ISMT's outstanding loans). While this is an attempt at forward integrating the existing pig iron assets through the EAF plant of ISMT and leveraging the common customer profile in the automobile industry, we believe that improving the asset quality of ISMT plants will require substantial capital and time. We await clarity on structure of deal, synergies and...

Kirloskar Ferrous Industries Ltd. has gained 23.42% in the last 3 Months

Kirloskar Ferrous Industries Ltd.

26 Oct 2021

Kirloskar Ferrous Industries Ltd. - The Dark before the dawn

Buy: Kirloskar Ferrous Industri...

Monarch Networth Capital Limited

We maintain our TP (Rs360) and BUY rating for Kirloskar Ferrous Industries Ltd. (KFIL). We have marginally increased our earnings for FY22/FY23 to account for higher realisations and higher cost savings from captive mines. Although performance in 2QFY22 was clouded by coking coal and coke cost pressure which will continue for 2-3 quarters, we believe continuous volume rampup in both divisions led by robust demand, capacity expansion and completion of massive cost saving projects in the next 1 year will act as...

Kirloskar Ferrous Industries Ltd. has gained 23.42% in the last 3 Months

Kirloskar Ferrous Industries Ltd.

04 Oct 2021

Kirloskar Ferrous Industries Ltd. - Plant Visit - The Unsung Champion

Buy: Kirloskar Ferrous Industri...

Recommendation Target

Monarch Networth Capital Limited

INDIA l Institutional Research l Metals l 4th October 2021 Kirloskar Ferrous Industries Ltd. l BUY l TP: 360 Plant Visit The Unsung Champion We raise our TP to Rs360 (previously Rs305) and upgrade the rating to BUY for Kirloskar Ferrous Industries Ltd. (KFIL). The upgrade stems from a better understanding of KFIL's leadership position in the casting business (mainly from our plant visit), which is very much comparable to an auto ancillary business and therefore deserves higher valuations than a commodity producer. We also learned...

Kirloskar Ferrous Industries Ltd. has gained 23.42% in the last 3 Months

Kirloskar Ferrous Industries Ltd.

28 Jul 2021

Kirloskar Ferrous - Long term thesis intact

Accumulate: Kirloskar Ferrous Industri...

Target

Monarch Networth Capital Limited

We raise our TP to Rs305 (previously 290) and maintain ACCUMULATE rating on Kirloskar Ferrous Industries Ltd. (KFIL). We remain positive on KFIL's long term goal of growth and large cost savings (backward integration) but a very steep rally in recent past limits our upside in short term. A large project pipeline which includes commissioning of iron ore mine, phase 2 of coke oven & WHRP and PCI will result in combined savings of Rs3bn over next 3 years, offsetting fall in pig iron (PI) spreads. Further, strong volume growth will keep the balance sheet lean (despite heavy capital expenditure) and return ratios above 20%;...

Kirloskar Ferrous Industries Ltd. is trading above all available SMAs

Kirloskar Ferrous Industries Ltd.

11 May 2021

Kirloskar Ferrous - The Best is yet to come

Accumulate: Kirloskar Ferrous Industri...

Recommendation Target

Monarch Networth Capital Limited

We raise our TP to Rs290 and move to ACCUMULATE rating on Kirloskar Ferrous Industries Ltd. (KFIL). We expect earnings to stay robust in FY22E due to full ramp up of VSL steel plant, strong pig iron spreads and further hikes in casting realisation. A large project pipeline which includes commissioning of iron ore mine, phase 2 of coke oven & WHRP and PCI will result in savings of Rs3bn over next 3 years, offsetting fall in pig iron spreads, if any. Strong earnings will keep the balance sheet lean (deleveraging to start from FY23E) despite...

Kirloskar Ferrous Industries Ltd. is trading above all available SMAs

Is Kirloskar Ferrous Industries Ltd. worth buying?

154 Votes:

Buy 80.52%

Sell 11.04%

Hold 8.44%