Kirloskar Ferrous Industries Limited (KFIL) has announced the submission of its Annual Report for the financial year 2024-2025, which includes the Notice of its 34th Annual General Meeting (AGM). This regulatory filing, made on July 11, 2025, is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provisions of the Companies Act, 2013.
| Particulars | Details |
|---|---|
| Document Submitted | Annual Report for FY 2024-2025 (including Notice of 34th AGM) |
| Date of Submission | July 11, 2025 |
| Regulatory Compliance | SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; Companies Act, 2013 |
| Dissemination Method | Electronic means to registered members; available on company website |
Regulatory Compliance and Access
The submission of the Annual Report and the Notice of the 34th Annual General Meeting aligns with Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Furthermore, the company has adhered to the provisions of the Companies Act, 2013, and its rules, read with various General Circulars issued by the Ministry of Corporate Affairs (MCA Circulars), including those dated April 8, 2020, April 13, 2020, May 5, 2020, and September 19, 2024. The submission also complies with SEBI Circulars, specifically Circular No. SEBI/HO/CFD/CFD-P0D-2/P/CIR/2024/133 dated October 3, 2024, and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
In line with these regulations, the Annual Report, which encompasses the Notice of the Annual General Meeting, has been disseminated exclusively through electronic means to all members whose email addresses are registered with the company, its Registrar and Share Transfer Agent, or Depository Participants. For broader access, the Annual Report for the financial year 2024–2025 is also readily available on the company's official website, www.kirloskarferrous.com.
About Kirloskar Ferrous Industries Limited
Kirloskar Ferrous Industries Limited (KFIL), a prominent entity within the Kirloskar Group, boasts over three decades of innovative excellence in India's manufacturing sector. The company operates with an integrated value chain, spanning from mines to machined castings and seamless tubes, positioning itself as a unique player in Asia with such comprehensive capabilities. KFIL's core business revolves around the production of high-quality pig iron, intricate grey iron castings, steel, and seamless tubes, catering to a diverse range of industries.
As of May 30, 2025, KFIL reported a market capitalisation of ₹9,514 crore. The company's operational footprint includes seven manufacturing facilities and a dedicated workforce of 3,252 permanent employees. KFIL's vision is to be a sustainably growing organisation, creating value for all stakeholders through limitless opportunities, with a mission to become the largest Alloy Steel manufacturer in India and a Global Top 5 player in Castings. The company aims to achieve a USD 2 billion valuation by 2030, targeting 1.4 million tonnes of Liquid Metal, 1 million tonnes of Alloy Steel, 0.3 million tonnes of Castings, and 0.3 million tonnes of Seamless Tubes.
Business Segments Overview
KFIL's business is diversified across several key segments:
- Pig Iron: KFIL manufactures pig iron to precise client specifications, ensuring quality and timely delivery. In FY25, the company's pig iron sales volume was 4,18,601 metric tonnes, generating ₹1,805 crore in sales, with a realisation of ₹43,126 per metric tonne. Pig iron contributed 32% to the total revenue mix in FY24.
- Castings: The company delivers customised casting solutions for OEMs and Tier-I suppliers, specializing in cylinder blocks, cylinder heads, and housings. In FY25, casting sales volume reached 1,20,018 metric tonnes, with sales amounting to ₹1,654 crore. Castings accounted for 25% of the total revenue mix.
- Steel: KFIL produces high-quality, customised steel products for automotive, forging, textile machinery, and fastener industries. The company holds a 40% market share in India for producing Bearing Steel. In FY25, steel sales volume was 73,002 metric tonnes, generating ₹541 crore in sales. This segment contributed 8% to the total revenue mix.
- Seamless Tubes: A global leader in precision seamless tubes, KFIL's products range from 6mm to 273mm in diameter, serving automotive, oil and gas, power, mining, and construction sectors. In FY25, seamless tube sales volume was 1,68,804 metric tonnes, with sales of ₹2,103 crore. This segment represented 32% of the total revenue mix.
Significance of the Annual Report
The Annual Report for FY 2024-2025 provides a comprehensive overview of Kirloskar Ferrous Industries Limited's performance, strategies, and governance for the past financial year. It typically includes detailed financial statements (standalone and consolidated), the Directors' Report, Management Discussion and Analysis, and the Corporate Governance Report. This document is crucial for investors and stakeholders to assess the company's financial health, operational efficiency, strategic direction, and adherence to corporate governance standards. The report also covers voluntary information in accordance with the reporting framework developed by the International Integrated Reporting Council (IIRC), aiming to address the information requirements of investors and other key stakeholders.
Market Impact
The submission of the Annual Report and the Notice of the Annual General Meeting is a routine compliance requirement for publicly listed companies. As such, it typically has a neutral immediate impact on the market. Investors will now have access to the detailed report to conduct their due diligence and gain deeper insights into KFIL's performance and future outlook, which may influence their long-term investment decisions.
