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KIOCL Ltd
(KIOCL)
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Rating:52Neutral
Price Target:
₹398.00
▼(-1.11% Downside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weak and volatile operating performance despite recent cash-flow improvement, and by a very unattractive valuation (extremely high P/E). A conservatively financed balance sheet provides stability, while technicals are mixed with only modestly constructive signals.
Positive Factors
Balance Sheet Strength
KIOCL's very low leverage and sizeable, stable equity provide durable financial resilience through commodity cycles. Low debt reduces refinancing and interest burdens, preserving operational flexibility for maintenance, working capital and strategic investments even if earnings stay volatile.
Negative Factors
Volatile Operating Profitability
Historic swings from double-digit net margins to multi-year losses show operating leverage and margin fragility. Persistent negative gross profit and negative EBIT/EBITDA despite recent net income imply the earnings recovery may be accounting-driven and not yet underpinned by stable, self-sustaining operating margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
KIOCL's very low leverage and sizeable, stable equity provide durable financial resilience through commodity cycles. Low debt reduces refinancing and interest burdens, preserving operational flexibility for maintenance, working capital and strategic investments even if earnings stay volatile.
Read all positive factors
KIOCL Ltd (KIOCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹216.27B
Dividend Yield0.86%
Average Volume (3M)18.02K
Price to Earnings (P/E)547.5
Beta (1Y)1.56
Revenue Growth27.42%
EPS GrowthN/A
CountryIN
Employees1,125
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)-2.30
Shares Outstanding607,751,100
10 Day Avg. Volume6,663
30 Day Avg. Volume18,017
Financial Highlights & Ratios
PEG Ratio-10.87
Price to Book (P/B)11.09
Price to Sales (P/S)31.40
P/FCF Ratio156.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
KIOCL Ltd Business Overview & Revenue Model
Company Description
KIOCL Limited engages in the iron ore mining, beneficiation, and production of pellets in India and internationally. The company operates through two segments, Pellet and Pig Iron. It produces and sells iron ore pellets, pig iron, and iron ore fin...
How the Company Makes Money
KIOCL primarily makes money by manufacturing and selling iron ore pellets (and related iron ore/value-added products where applicable) to domestic and export customers, largely serving steel producers that use pellets as a feedstock in steelmaking...
KIOCL Ltd Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.61B | 6.13B | 5.90B | 18.54B | 15.43B | 30.06B |
| Gross Profit | 2.49B | -313.60M | 1.09B | 3.88B | 2.59B | 8.66B |
| EBITDA | -860.63M | 656.20M | -1.50B | -220.12M | -838.64M | 4.54B |
| Net Income | -1.40B | 165.70M | -2.05B | -833.05M | -976.67M | 3.13B |
Balance Sheet | ||||||
| Total Assets | 22.08B | 23.43B | 22.88B | 24.38B | 29.38B | 26.61B |
| Cash, Cash Equivalents and Short-Term Investments | 7.55B | 8.25B | 6.00B | 4.57B | 8.06B | 8.66B |
| Total Debt | 1.85B | 1.92B | 1.93B | 1.80B | 5.37B | 1.26B |
| Total Liabilities | 5.49B | 6.07B | 5.77B | 5.20B | 9.36B | 5.17B |
| Stockholders Equity | 16.59B | 17.36B | 17.12B | 19.19B | 20.02B | 21.44B |
Cash Flow | ||||||
| Free Cash Flow | -237.77M | 1.23B | 3.52B | -51.83M | -7.33B | -2.21B |
| Operating Cash Flow | -166.82M | 1.33B | 3.80B | 1.05B | -3.09B | 699.16M |
| Investing Cash Flow | -1.84B | -1.11B | -1.95B | -1.27B | 1.29B | -1.32B |
| Financing Cash Flow | -158.47M | -159.87M | -794.29M | -3.72B | 3.37B | -1.65B |
KIOCL Ltd Technical Analysis
Negative
402.45
Price Trends
378.06
Negative
388.08
Negative
369.74
Negative
Market Momentum
-3.81
Positive
32.37
Neutral
4.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KIOCL, the sentiment is Negative. The current price of 402.45 is above the 20-day moving average (MA) of 380.37, above the 50-day MA of 378.06, and above the 200-day MA of 369.74, indicating a bearish trend. The MACD of -3.81 indicates Positive momentum. The RSI at 32.37 is Neutral, neither overbought nor oversold. The STOCH value of 4.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KIOCL.
KIOCL Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹724.89B | 9.71 | ― | 7.04% | 27.34% | 14.07% | |
70 Outperform | ₹92.53B | 12.91 | ― | 0.26% | 45.22% | 45.66% | |
63 Neutral | ₹184.91B | 16.35 | ― | 0.38% | 5.90% | 20.78% | |
56 Neutral | ₹1.14T | 41.95 | ― | 0.18% | 16.45% | -8.77% | |
56 Neutral | ₹1.01T | 20.36 | ― | 0.06% | 233.77% | 200.66% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹216.27B | 547.54 | ― | 0.86% | 27.42% | ― |
* General Sector Average
IN:KIOCL
KIOCL Ltd
355.85
-102.85
-22.42%
IN:JINDALSTEL
Jindal Steel Limited
1,118.30
73.78
7.06%
IN:LLOYDSME
Lloyds Metals & Energy Ltd.
1,798.45
477.34
36.13%
IN:NMDC
NMDC Limited
82.45
9.18
12.53%
IN:SANDUMA
Sandur Manganese & Iron Ores Ltd
190.35
30.48
19.06%
IN:SARDAEN
Sarda Energy & Minerals Limited
524.75
-98.66
-15.83%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.