Kirloskar Industries Limited (KIRLOSIND) fair value: what the stock is really worth
As of Oct 5, 2026: fair value of Kirloskar Industries Limited ₹3,458, price ₹3,467, upside -0.3%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹1,184 – ₹6,331 · fair‑value band ₹1,954 – ₹5,005 · the ₹3,467 price screens above the ₹3,458 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Kirloskar Industries Limited manufactures and sells iron castings in India. It also manufactures steel and seamless tubes, cylinder tubes, and components and engineering steels.
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Kirloskar Industries Limited manufactures and sells iron castings in India. It also manufactures steel and seamless tubes, cylinder tubes, and components and engineering steels. In addition, the company provides real estate development and leasing services; owns real estate properties that include lands and buildings, apartments, and offices; and invests in properties and securities. The company was formerly known as Kirloskar Oil Engines Ltd and changed its name to Kirloskar Industries Limited in March 2010. Kirloskar Industries Limited was founded in 1888 and is based in Pune, India.
Stock analysis
Kirloskar Industries Limited (KIRLOSIND) currently trades at ₹3,467, while our model-based Fair Value estimate is ₹3,458, so the stock looks roughly fairly valued today (gap 0.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹8,678 per share, and 18 of the 25 models we run sit above the ₹3,467 price.
Bear case: the Dividend Discount group reads lowest at ₹760.29, and 7 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹1,954 (bear) to ₹5,005 (bull), the price of ₹3,467 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kirloskar Industries Limited reported revenue of ₹69.3B in FY2026 versus ₹37.3B in FY2022, a compound +16.8%/yr. Reported net income was ₹1.6B in FY2026, compounding −4.8%/yr from FY2022.
Key figures
Market cap ₹36.5B (≈ $379M) · P/E ratio 24.0 · P/S ratio 0.55 · EPS (TTM) ₹144.61 · Dividend yield 0.4% · Net margin 2.3% · Return on equity 6.1% · Return on assets (EBIT) 7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −57% fair-value upside, at 0%, KIRLOSIND screens cheaper than that median.
Fair Value models
Bear ₹1,954Fair Value ₹3,458Bull ₹5,005
Price ₹3,467 · Upside -0.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹68.15 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.3%
Start year 2021 (pandemic). Over 10 years: +20.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.7%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.7% vs 7.3%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 8%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +5.8% a year for the price.
Compare Kirloskar Industries Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metal Fabrication · 255 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−0.3% · Above median
Profitability
Return on equity (TTM)6.1% · Above median
Return on assets3.6% · Above median
Net margin (TTM)2.2% · Below median
Operating margin (TTM)9.2% · Above median
Growth and dividend
Revenue growth4.3% · Below median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
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Is Kirloskar Industries Limited (KIRLOSIND) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹3,458 versus a price of ₹3,467, about −0% upside (fairly valued).
What is the fair value of KIRLOSIND?
Our model-based fair value for Kirloskar Industries Limited is ₹3,458 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹3,467.
What is the quality score of KIRLOSIND?
Kirloskar Industries Limited has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kirloskar Industries Limited (KIRLOSIND)?
Our model-based price target is the fair value of ₹3,458 (as of Oct 2, 2026) from 25 valuation models. Cautious scenario ₹1,954, optimistic scenario ₹5,005. It is a calculation from audited fundamentals, not an analyst target.
What is the Kirloskar Industries Limited stock forecast for 2026?
Our models put fair value at ₹3,458, about −0% upside versus a price of ₹3,467 (fairly valued). Cautious scenario ₹1,954, optimistic scenario ₹5,005. The calculation is refreshed regularly with new filings.
What is the revenue of Kirloskar Industries Limited (KIRLOSIND)?
Kirloskar Industries Limited reported trailing-twelve-month revenue of about ₹70.3B (latest available figure, as of Oct 2, 2026).
Does Kirloskar Industries Limited pay a dividend?
Kirloskar Industries Limited currently shows a dividend yield of about 0.37% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Kirloskar Industries Limited (KIRLOSIND)?
For today's price to be fair in a discounted-cash-flow model, Kirloskar Industries Limited would have to grow free cash flow by +10.2 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.3 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of KIRLOSIND use?
Our models discount Kirloskar Industries Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.39, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kirloskar Industries Limited that is +10.2 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Kirloskar Industries Limited (KIRLOSIND) delivered so far?
Over the past 5 years revenue at Kirloskar Industries Limited grew +28.3 % a year. The price currently implies +10.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kirloskar Industries Limited (KIRLOSIND) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Kirloskar Industries Limited (+10.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kirloskar Industries Limited (KIRLOSIND)?
The free-cash-flow yield on the price is 9.31 %: that much free cash flow Kirloskar Industries Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kirloskar Industries Limited (KIRLOSIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kirloskar Industries Limited it is ₹3,458 per share (as of Oct 2, 2026), against a price of ₹3,467. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Kirloskar Industries Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, KIRLOSIND trades above its calculated fair value: price ₹3,467, fair value ₹3,458, a gap of about −0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KIRLOSIND?
No. The price is what the market pays today (₹3,467); the fair value is what the company's own numbers justify (₹3,458). For Kirloskar Industries Limited the two are ₹9.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kirloskar Industries Limited worth?
The market values Kirloskar Industries Limited at about ₹36.5B (market capitalisation, as of Oct 2, 2026). Per share that is ₹3,467; our models calculate a fair value of ₹3,458 per share.
What do the bullish and bearish scenarios say about KIRLOSIND?
Our models span a range for Kirloskar Industries Limited: cautious scenario ₹1,954, base ₹3,458, optimistic ₹5,005 per share (as of Oct 2, 2026, price ₹3,467). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KIRLOSIND?
Kirloskar Industries Limited trades at a price-to-earnings ratio of 24.0 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹3,458 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.5, EV/EBITDA 4.8.
How solid is the balance sheet of Kirloskar Industries Limited (KIRLOSIND)?
Balance-sheet figures for Kirloskar Industries Limited (as of Oct 2, 2026): return on equity 6.1%, debt of 0.18 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is KIRLOSIND from its 52-week high?
Kirloskar Industries Limited trades at ₹3,467, about 19% below its 52-week high of ₹4,299 and 41% above the low of ₹2,464 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹3,458 is for.
Which stocks are comparable to Kirloskar Industries Limited?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kirloskar Industries Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹3,467, calculated fair value ₹3,458 (−0%), Quality Score 45/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KIRLOSIND calculated?
We run Kirloskar Industries Limited through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹3,458, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. Kirloskar Industries Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kirloskar Industries Limited (KIRLOSIND)?
The closing price on Oct 5, 2026 was ₹3,467. Our model-based fair value is ₹3,458, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kirloskar Industries Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹1,954 to ₹5,005) leaves room in how you read the outcome.
Where does the earnings growth of Kirloskar Industries Limited (KIRLOSIND) come from?
Earnings per share at Kirloskar Industries Limited grew +9.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +19.9 %, EBIT margin +0.2 %, tax rate −2.9 %, residual (interest, one-offs) −6.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kirloskar Industries Limited
How large is the market capitalisation of Kirloskar Industries Limited (KIRLOSIND)?
The market capitalisation of Kirloskar Industries Limited is ₹36.5B (≈ $379M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kirloskar Industries Limited (KIRLOSIND)?
The price-to-sales ratio of Kirloskar Industries Limited is 0.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kirloskar Industries Limited (KIRLOSIND)?
Earnings per share at Kirloskar Industries Limited are ₹144.61 (price ÷ EPS = P/E 24.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kirloskar Industries Limited (KIRLOSIND)?
The dividend yield of Kirloskar Industries Limited is 0.4% (payout 9.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kirloskar Industries Limited (KIRLOSIND)?
The net margin of Kirloskar Industries Limited is 2.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kirloskar Industries Limited (KIRLOSIND)?
The return on equity (ROE) of Kirloskar Industries Limited is 6.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kirloskar Industries Limited (KIRLOSIND)?
On an EBIT basis the return on assets of Kirloskar Industries Limited is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kirloskar Industries Limited (KIRLOSIND)?
The operating margin of Kirloskar Industries Limited is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kirloskar Industries Limited (KIRLOSIND)?
Revenue at Kirloskar Industries Limited is growing +4.3% versus a year earlier (3y avg +2.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kirloskar Industries Limited (KIRLOSIND)?
Earnings per share at Kirloskar Industries Limited are growing −23.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kirloskar Industries Limited (KIRLOSIND) carry?
The net debt of Kirloskar Industries Limited is ₹8.7B (fiscal year 2026, ≈ 2.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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