This Kirloskar Group small-cap stock is trending on August 12 with a gain of 9 per cent

With a market share of 40–42 per cent, the company dominates the domestic foundry grade pig iron industry.

Kirloskar Ferrous Industries Ltd is one of today's Top Gainers. At 12:30 pm, the stock had increased by 9.23 per cent from its previous close of Rs 228.6 to Rs 249.7. 

Kirloskar Ferrous Industries has a market capitalization of Rs 3376 crore and is part of the S&P BSE group 'A'.

The company, which is a part of the Kirloskar Group, produces ferrous casting and pig iron, which are used to build cylinder blocks, cylinder heads, transmission parts, and various kinds of housings for the tractor, diesel engine, and automotive industries. 

Regarding the revenue breakdown by end-use, 32 per cent comes from general engineering, 31 per cent from the auto industry, 21 per cent from pumps, 9 per cent from pipes, and the rest 7 per cent from steel applications. 

With a market share of 40–42 per cent, the business dominates the domestic foundry grade pig iron industry. While its market share in the domestic castings market is around 19 per cent. 

FY22 was a great year for the company. Consolidated revenue for the company rose from Rs 2038.08 in FY21 to Rs 3615 crore, a 77.37 per cent rise. The net profit increased YOY from Rs 302.11 crore to Rs 406.1 crore by 34.42 per cent. The consolidated revenue for the first quarter of FY23 was Rs 1493.82 crore, and the operating profit was Rs 174 crore. Net profit for the first quarter of FY23 was Rs 102.8 crore. 

About the shareholding pattern, the promoters own 58.95 per cent of the company, FIIs and DIIs collectively possess 9.56 per cent, and non-institutional investors own the remaining 31.49 per cent. 

The stock is currently trading at a PE multiple of 9.14x.