Kennametal India Ltd Rs 3250
Kennametal India Ltd (KIL) is a 75% subsidiary of Kennametal Inc USA and enjoys its parent’s support in R&D, technology and managerial guidance. The company maintains its accounting year from July to June in line with the parent.
KIL primarily operates in two segments – Hard Metal Products (around 85% revenue contribution in FY23) and Machining Solutions (around 15% revenue contribution). Geography wise, KIL is majorly concentrated in India with 83% revenue contribution in FY23 which is positive since India is the fastest growing large economy in the world. China is its major global export destination with around 14% revenue contribution in FY23.
