KIRLOSKAR FERROUS IND LTD

Produces pig iron, grey iron castings, seamless steel tubes, and steel from an integrated asset base that includes captive iron ore mining, blast furnaces, foundries, tube plants and a renewable energy build-out. FY26 revenue was ₹6,888.57 crore, up about 5% year-on-year, with three reported segments — Casting Segment (₹1,121.42 crore revenue, ₹148.77 crore EBIT), Tube Segment (₹631.03 crore revenue, ₹37.27 crore EBIT) and Steel Segment (₹421.01 crore revenue, ₹11.83 crore EBIT). Pig iron is sold externally as well as consumed internally and, per the FY26 BRSR, contributed 28.13% of revenue, with seamless tubes at 30.92% and grey iron castings at 27.24%. Castings supply tractor, automotive, commercial vehicle and earthmoving OEMs; seamless tubes supply oil & gas and general engineering customers including a heavy-tube order from ONGC. Pig iron is sold to foundries and steelmakers domestically and at international reference prices of $475/MT. FY26 casting production rose 16% to 1,66,000 MT and seamless tube output rose 12% to about 1,88,700 MT; the Baramati tube plant is being expanded from 2,30,000 MT to a 4 lakh ton target. The largest cost line is raw materials at ₹3,864.17 crore or 56.1% of revenue.