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KIOCL

KIOCL NSE

Key Fundamentals

SmallcapSponge IronMetals & Mining
Market Cap
₹20,025 Cr
Volatility
Moderate
P/E Ratio
498.23
EBITDA
₹65.60 Cr
Return on Equity
0.95%
Debt to Equity
0.11
Book Value
₹28.57
52W High
₹634.55
52W Low
₹290.65

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 59.0 days to 10.6 days

Weaknesses

4
  • Stock is trading at 11.3 times its book value
  • The company has delivered a poor sales growth of -23.7% over past five years.
  • Company has a low return on equity of -4.97% over last 3 years.
  • Earnings include an other income of Rs.98.2 Cr.

Growth Rate

Revenue Growth
10.57% higher than 3Y
Net Income Growth
-108% lower than 3Y
Cash Flow Change
-76.99% lower than 3Y
ROE
-108% lower than 3Y
ROCE
-114% higher than 3Y
EBITDA Margin (Avg.)
-139% higher than 3Y

AI Analysis — Bull vs Bear

2d ago
AI opinion · based on fundamentals
Risk high

KIOCL Ltd, a government-owned iron ore pellet maker, has a market capitalisation of about Rs 20,551 Cr. It trades at a P/E of 523.3 and a P/B of 11.72, even though its 3-year average ROE is -4.97%. Trailing twelve-month sales grew 27% and profit grew 120%, but 5-year compounded sales are down 24% and profit down 44%, and Rs 98.2 Cr of other income makes up a large share of reported earnings.

Bull Case 8
  • TTM compounded profit growth of 120% signals a sharp earnings recovery from a low base after several weak years.
  • TTM sales growth of 27% suggests pellet volumes and realisations are recovering, reversing the 3-year sales CAGR of -26%.
  • Working capital days fell from 59.0 to 10.6, which means much tighter cash conversion and less capital locked in operations.
  • 3-year compounded profit growth of 29% shows the earnings trend over the medium term has improved compared with the 5-year figure of -44%.
  • The company is expected to report a good upcoming quarter, which could extend the TTM momentum of 120% profit growth.
  • Last-year ROE turned positive at 1%, up from a 3-year average of -5%, suggesting profitability may have bottomed.
  • Over the long term, the company has delivered a 10-year sales CAGR of 13% and a 10-year profit CAGR of 8%, showing it can grow across a full cycle.
  • It pays a dividend yield of 0.53% even at current valuations.
Bear Case 8
  • A P/E of 523.3 prices in a very large earnings recovery, leaving little room for execution misses.
  • A P/B of 11.72 (about 11.8x book) is high for a cyclical commodity business with a 3-year average ROE of -4.97%.
  • Sales have fallen at a compounded -23.7% over five years and -26% over three years, showing the core business has shrunk structurally.
  • 5-year compounded profit growth of -44% shows earnings have eroded significantly over the medium term.
  • Other income of Rs 98.2 Cr inflates reported earnings, so core operating profit is weaker than headline numbers suggest.
  • ROE averages are poor: -5% over 3 years, -1% over 5 years and only 3% over 10 years, showing weak returns on shareholder capital.
  • The stock has returned -21% over one year, and its 3-year CAGR of 4% and 5-year CAGR of 6% are modest.
  • The business depends on cyclical iron ore pellet demand and raw material availability, so the TTM sales growth of 27% may not last through a commodity downturn.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Headwinds 1
  • Still loss-making at net level Sep 8

    KIOCL posted a Q1FY27 standalone net loss of ₹155 crore despite 67% revenue growth, so it is still not profitable at the bottom line. The article's wording that the loss 'widened' conflicts with its own numbers, which show the loss shrinking from ₹378 crore.

Positives 2
  • Q1FY27 revenue jumps 67% Sep 8

    Standalone revenue rose 67% YoY to ₹1,805 crore in Q1FY27, up from ₹1,081 crore in Q1FY26. This points to stronger volumes or better price realisation.

  • Net loss narrows ~59% YoY Sep 8

    Net loss fell to ₹155 crore from ₹378 crore a year earlier, a cut of about ₹223 crore (~59%). The Board approved the results on Aug 13, 2026, after a limited review by auditors G Balu Associates LLP.

Neutral 2
  • 50th AGM held, directors appointed Sep 29

    The company announced on Sep 8 that the 50th AGM would be held by video conference, and it took place on Sep 29, 2026. Shareholders adopted the FY26 financial statements and appointed three independent directors through special resolutions.

  • FY26 annual report released Sep 10

    KIOCL published its 50th Annual Report for FY26 with the AGM notice, and it is available on the company website.

TL;DR: KIOCL's Q1FY27 revenue rose 67% YoY to ₹1,805 crore and its net loss shrank about 59% to ₹155 crore, so operations look like they are recovering. The main risk is that the company is still losing money, and the source article does not give EBITDA, margins or other income, so it is hard to tell how much of the gain is lasting. Governance looks routine: the AGM passed its resolutions and three independent directors were appointed. The trend is improving, and the next thing to watch is whether the next few quarters show positive EBITDA and a clear path to net profit.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
501
431
549
372
147
16
181
246
91
143
160
220
158
Expenses
565
451
513
398
196
83
224
287
133
164
155
189
185
Operating Profit
-64
-19
36
-25
-49
-67
-43
-41
-42
-22
4
32
-27
OPM %
-13%
-4.5%
7%
-7%
-33%
-417%
-24%
-17%
-46%
-15%
2.7%
14%
-17%
Other Income
13
11
12
15
11
13
11
16
17
18
22
36
22
Interest
5
2
4
3
2
6
4
4
4
4
4
4
4
Depreciation
6
7
7
7
8
10
11
11
10
10
10
9
8
PBT
-62
-18
37
-21
-49
-70
-47
-40
-38
-17
13
54
-16
Tax %
-6%
19%
-6%
104%
4%
-1%
1%
-7%
-2%
0%
-38%
2%
-3%
Net Profit
-58
-21
39
-43
-51
-69
-48
-37
-38
-17
18
53
-15
EPS in Rs
-0.95
-0.35
0.64
-0.71
-0.83
-1.14
-0.79
-0.61
-0.62
-0.28
0.3
0.88
-0.25
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
534
184
870
1,602
1,888
1,938
2,376
3,006
1,543
1,854
591
613
681
Expenses
686
465
970
1,644
1,808
1,955
2,025
2,626
1,708
1,926
791
643
693
Operating Profit
-151
-281
-100
-42
80
-18
352
380
-164
-72
-200
-29
-12
OPM %
-28%
-152%
-12%
-2.6%
4.2%
-0.9%
15%
13%
-11%
-3.9%
-34%
-4.7%
-1.8%
Other Income
215
214
155
147
125
119
101
74
80
50
50
95
98
Interest
0
0
1
1
1
10
15
12
14
15
15
15
15
Depreciation
32
23
22
19
19
27
27
31
25
27
40
39
37
PBT
31
-90
31
86
184
64
410
411
-123
-64
-205
12
34
Tax %
1%
-11%
-54%
5%
39%
32%
27%
24%
-20%
31%
0%
-39%
—
Net Profit
31
-80
48
81
112
43
301
313
-98
-83
-205
17
39
EPS in Rs
0.49
-1.26
0.76
1.28
1.8
0.7
4.96
5.16
-1.61
-1.37
-3.37
0.27
0.65
Div. Payout %
21%
-8%
49%
83%
74%
100%
33%
34%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
635
635
635
635
622
622
608
608
608
608
608
608
Reserves
1,504
1,428
1,467
1,511
1,372
1,294
1,378
1,536
1,394
1,311
1,104
1,128
Borrowings
1
0
0
0
0
124
120
126
537
180
193
192
Other Liabilities
403
349
440
412
329
342
396
412
419
361
404
435
Total Liabilities
2,542
2,411
2,541
2,558
2,323
2,382
2,502
2,681
2,958
2,459
2,309
2,363
Fixed Assets
249
238
221
202
200
279
271
277
282
895
953
939
CWIP
0
0
1
2
4
21
42
296
702
159
169
167
Investments
0
0
0
0
42
0
0
0
0
0
0
0
Other Assets
2,293
2,173
2,320
2,354
2,076
2,082
2,189
2,108
1,975
1,405
1,188
1,257
Total Assets
2,542
2,411
2,541
2,558
2,323
2,382
2,502
2,681
2,958
2,459
2,309
2,363
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-88
-44
-261
-100
-126
-22
97
70
-309
105
343
79
Investing
185
46
302
-13
581
49
298
-132
129
-127
-308
-57
Financing
-10
-8
-8
-40
-274
-112
-246
-165
337
-372
-80
-16
Net Cash Flow
87
-5
33
-153
181
-85
149
-227
157
-395
-45
6
Free Cash Flow
-90
-50
-265
-86
-146
-42
56
-220
-732
9
316
56
CFO/OP
57
16
260
239
-159
62
47
52
188
-145
-171
-217
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
9
32
61
12
12
23
37
35
84
2
14
21
Inventory Days
353
120
100
77
90
67
79
67
115
134
124
1,847
Days Payable
90
111
97
43
32
29
36
24
54
42
177
2,551
Cash Conversion Cycle
272
41
64
46
71
61
81
78
145
94
-39
-683
Working Capital Days
174
32
73
51
60
51
66
78
99
115
51
11
ROCE %
1%
-4%
2%
3%
9%
3%
21%
19%
-5%
-2%
-9%
1%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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63 extracted metrics + investor summaries across FY09–FY27.

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Shareholding Pattern

DIIs0.03%Promot.99.03%FIIs0.04%Others0.10%Public0.79%As ofMar 2026

Documents

Frequently Asked Questions about KIOCL

What does KIOCL Ltd do?
KIOCL is a flagship company under the Ministry of Steel, GoI, with Miniratna status. It is an export-oriented unit with expertise in iron ore mining, filtration technology, and the production of high-quality pellets. [1]
Where is KIOCL Ltd (KIOCL) listed?
KIOCL Ltd trades as KIOCL on the NSE and under code 540680 on the BSE.
Which sector does KIOCL Ltd belong to?
KIOCL Ltd is classified under the Metals & Mining sector, in the Sponge Iron industry.
What is the market capitalisation of KIOCL Ltd?
KIOCL Ltd has a market capitalisation of ₹20,025 Cr, which places it in the Large Cap band.
What is the PE ratio of KIOCL Ltd?
KIOCL Ltd trades at a PE ratio of 498.23, against a book value of ₹28.57 per share.
What is the 52-week high and low of KIOCL Ltd?
Over the last 52 weeks KIOCL Ltd has traded between ₹290.65 and ₹634.55.
Does KIOCL Ltd pay dividends?
KIOCL Ltd has a dividend yield of 0.53%.
What is the Return on Equity (ROE) of KIOCL Ltd?
KIOCL Ltd reported a return on equity of 0.95%. Its debt-to-equity ratio is 0.11.

Company Information

KIOCL is a flagship company under the Ministry of Steel, GoI, with Miniratna status. It is an export-oriented unit with expertise in iron ore mining, filtration technology, and the production of high-quality pellets. [1]

Website kioclltd.in
CEO Mr. Ganti Venkat Kiran
Employees 532
Listed 2016-11-29
Face Value ₹ 10
Issued Size 60,77,51,096

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