Volume Growth Target: 15%+ across all products
Casting sales expected to grow to 1.88 lakh MT (~20% YoY), pig iron external sales to 1.0-1.1 lakh MT (~20% YoY), and cube to grow 10% YoY. Total visible volume opportunity close to 7 lakh MT for FY27.
KIRLFER / guidance tracker
Keep management guidance in view.
Kirloskar Ferrous Industries · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
growth
Solar & Wind Commissioning: Q2 FY27
35 MW solar plant and 12 MW wind turbines (1.1 MW each) expected to be commissioned by September 2026, providing estimated annual benefit of INR 70-80 crore from solar and INR 30 crore from wind.
Two-Part Foundry Commissioning: October 2026
15,000 MT/month no-bake foundry in Solapur to be commissioned by October; one customer wants full capacity. Management targets 500-600 MT/month within one year.
Capex Framework: INR 3,000-3,500 crore over 4 years
Medium-term capex includes Koppal steelmaking (INR 314-340 crore, 9-month project), Herur iron ore plant upgrade to 3 lakh MT capacity, and Koppal expander mill (2-year timeline). Annual spend expected at INR 600-700 crore this year.
Q4 pig iron margin improvement expected
Rs 4,000/ton price increase in North India (~10%) from January should reflect in Q4 results. Management has coal inventory covered for 3-4 months at earlier prices.
Casting volume growth of 15-16% for full year
Including Punjab foundry, management targets ~1.90 lakh tons for FY26. Solapur expected to reach 52,000 tons this year and 62,000 next year.
Green power capacity of 130 MW by Q2 FY27
Additional 70 MW solar and 25 MW wind (12 machines of 2.1 MW each) expected to commission between April-September 2026, reaching ~200 MW solar equivalent total.
Pig iron volume growth of 4-5% in Q4
Full year pig iron external sales expected to be 5.8-6 lakh tons. Hirur plant now operational with upgraded capability to produce 46-47,000 tons/month.