Synopsis: A Kirloskar Group metal company has secured an export contract worth around ₹128 crore for supply of pig iron to an international buyer based in London.
India’s iron and steel sector has been steadily expanding its global export footprint, with domestic producers increasingly tapping international demand for basic grade metals. Against this backdrop, one small-cap Kirloskar Group company has added another international win to its order book, drawing fresh attention to its export-driven growth strategy.
Shares of Kirloskar Ferrous Industries Limited, with a market capitalization of Rs. 7,995 crore, are trading at a price of Rs.485 i.e. 9.16% up from its previous closing price of Rs.444.3. It made a high of Rs.508.45 which is 14.4% above its previous closing price. It is trading at a P/E ratio of 22.1.
An International Pig Iron Export Deal
Kirloskar Ferrous Industries Limited has secured an export contract valued at approximately USD 13.51 million, equivalent to around ₹128 crore, for the supply of basic-grade pig iron to a buyer based in London, UK.
Under the terms of the contract, the company will supply 30,000 metric tonnes (with a 5% tolerance on either side) of basic grade pig iron on an FOB basis. Payment will be made against a Letter of Credit payable at sight, with other shipping and trade terms governed by the contract. The latest shipment deadline under this contract is 15 August 2026, indicating near-term execution.
The buyer is an international entity with an office in London, and the contract does not involve any related party transaction. The company’s promoters or promoter group have no interest in the entity that awarded the contract.
Mukul Agrawal’s Stake in the Company
Ace investor Mukul Agrawal holds a 1.215% stake in Kirloskar Ferrous Industries, making it one of the 74 publicly disclosed stocks in his portfolio. As per the latest corporate shareholding data, Agrawal’s total publicly tracked portfolio is valued at over ₹7,700 crore, spanning companies across sectors including manufacturing, capital goods, and specialty materials.
His continued presence in the stock puts the company under close watch among retail investors who track smart money movements in the small and mid-cap space.
A Look at the Financials
On a full-year consolidated basis, Kirloskar Ferrous Industries reported revenue of ₹6,889 crore in FY2026, up from ₹6,564 crore in FY2025 and ₹6,146 crore in FY2024. Operating profit stood at ₹842 crore in FY2026, with an operating margin of 12%. Net profit for the year came in at ₹358 crore, compared to ₹294 crore in FY2025, marking a year-on-year recovery.
On a quarterly basis, the company reported revenue of ₹1,817 crore in Q4 FY2026, with net profit rising to ₹123 crore – its strongest quarterly profit in the past several quarters.
About the Company
Kirloskar Ferrous Industries Limited is a part of the Kirloskar Group and is engaged in the manufacture of pig iron and grey iron castings. The company operates blast furnaces and foundries and serves both domestic and international markets. It is listed on BSE with scrip code 500245 and is headquartered in Pune, Maharashtra.
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