Results on the effect of solidification cooling rate on the microstructure, mechanical properties and machinability of spheroidal graphite (SG) iron have been presented. The effect of ferritic heat treatment on the same properties has been also investigated. The microstructural observation, tensile properties and hardness values of the present SG iron has been developed. The tool life criterion was used as a measure of machinability. It was found that during turning of SG iron by using a single point cutting tool, its life increased with decreasing the solidification cooling rate for both sand and metal moulds. The tool life was found to be significantly affected by the variation of nodule characteristics. A decrease in tool life due to an increase of nodule count was observed. The tool life was found to be directly proportional to the ductility of SG iron whether for the as cast or ferritic heat-treated ingots.