The company is on track on the back of an upturn in CV cycle, higher export demand and improvement in EBITDA
Cost-saving initiatives, along with capacity expansion in castings and pig iron, will lead to higher profitability. The recovery path for ISMT is likely to be longer, given the various initiatives
After the steep rise in the KFIL stock price, investors can wait on the sidelines for a better entry point
Investors tracking Kirloskar Ferro should watch out for the pig iron price trajectory
From the December quarter results, we expect March 2021 results of Kirloskar Ferrous to be better on the back of volume growth in castings
Despite investing heavily on the cost side, Kirloskar Ferro Industries has stuck to good financial discipline and made the right capital allocation
Kirloskar Ferro: Triggers like own iron ore mines and acquisition of VSL asset can further improve financials
The company sees good opportunity in lightning, switches and castings going ahead.
Wind Turbine maker Suzlon Energy’s subsidiary Seforge has won Rs 200 crore worth orders from the wind energy sector for castings and other equipment.