Kirloskar Ferrous Industries Ltd — Important, 31-12-2025: Company Update

Kirloskar Ferrous Industries' credit ratings have been reaffirmed at [ICRA]AA(Stable) for long-term facilities and [ICRA]A1+ for short-term. This reflects the company's strong market position in pig iron and ferrous castings, robust financial health with comfortable credit metrics recently, and successful integration of backward operations. Strengths include healthy operating profits in recent periods and a diversified product portfolio from the acquired seamless pipes business. While substantial capital expenditure plans of Rs. 400-500 crore annually for the next three years and raw material price volatility pose risks, liquidity is adequate with Rs. 328 crore in unutilized limits. The stable outlook anticipates sustained strong credit metrics.