Kirloskar Brothers Ltd logo

Kirloskar Brothers Ltd

KIRLOSBROS NSE

Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. [1] [2]

AI Verdict: HOLD Confidence: 5%

Kirloskar Brothers has delivered exceptional stock CAGR of 49% over 3 years and solid 20% profit CAGR over 5 years, but current PE of 40x is rich given TTM sales growth of just 1% and TTM profit decline of -2%. The valuation appears to have run ahead of near-term fundamentals, warranting a wait-and-watch approach.

Key Fundamentals

SmallcapCompressors Pumps & Diesel EnginesIndustrial Products
Market Cap
₹15,732 Cr
Volatility
High Risk
P/E Ratio
42.92
EBITDA
₹505 Cr
Return on Equity
19.69%
Debt to Equity
0.1
Book Value
₹310.29
EPS
₹43.89
52W High
₹2,475
52W Low
₹1,335

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 20.4% CAGR over last 5 years

Weaknesses

2
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Working capital days have increased from 51.5 days to 81.7 days

Growth Rate

Revenue Growth
-0.57% ↘
Net Income Growth
-10.81% ↘
Cash Flow Change
4.32% ↗
ROE
-2.49% ↗
ROCE
-4.06% ↘
EBITDA Margin (Avg.)
-26.61% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk medium

Kirloskar Brothers has delivered exceptional stock CAGR of 49% over 3 years and solid 20% profit CAGR over 5 years, but current PE of 40x is rich given TTM sales growth of just 1% and TTM profit decline of -2%. The valuation appears to have run ahead of near-term fundamentals, warranting a wait-and-watch approach.

Bull Case 7
  • Strong 3-year stock CAGR of 49% reflects sustained re-rating and investor confidence in the business turnaround
  • Compounded profit growth of 20% CAGR over both 3-year and 5-year periods demonstrates consistent earnings improvement
  • 3-year ROE of 20% is well above cost of equity, indicating efficient capital allocation
  • 10-year compounded profit CAGR of 34% shows long-term structural earnings growth capability
  • 5-year stock CAGR of 35% significantly outperforms broader market indices over the same period
  • Last year ROE of 18% remains healthy and above industry average for capital goods companies
  • Market cap of Rs 15,286 Cr positions it as a credible mid-cap play on India's infrastructure and water capex cycle
Bear Case 8
  • PE ratio of 40x is expensive for a company delivering only 1% TTM sales growth, implying significant growth is already priced in
  • TTM compounded profit growth has turned negative at -2%, signaling near-term earnings momentum is fading
  • Working capital days have deteriorated sharply from 51.5 days to 81.7 days, indicating worsening cash conversion
  • 5-year compounded sales CAGR of only 11% is poor for an industrials company in a capex upcycle
  • Price-to-book ratio of 6.13x is elevated for a traditional manufacturing business with cyclical characteristics
  • Dividend yield of just 0.37% offers negligible income support to investors at current valuations
  • Zero analyst coverage suggests limited institutional interest and potential liquidity risk for large positions
  • 10-year sales CAGR of just 6% indicates the top-line has structurally struggled to scale despite India's infrastructure spending growth

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 1
  • Investor meet scheduled Jun 15 Jun 9

    Kirloskar Brothers will hold an in-person analyst and investor meeting on June 15, 2026, in Pune, discussing publicly available information.

TL;DR: Limited recent news flow for Kirloskar Brothers with only a routine investor meeting scheduled. No specific headwinds or positive catalysts identified from available articles. The lack of negative news is mildly reassuring, but the absence of fresh growth triggers means the stock likely trades on broader sector sentiment in the near term.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,125
900
913
965
1,224
1,031
1,036
1,144
1,281
979
1,028
1,116
1,415
Expenses
980
790
818
841
1,033
919
894
978
1,092
867
919
974
1,233
Operating Profit
145
110
95
124
191
112
142
166
190
112
108
142
182
OPM %
13%
12%
10%
13%
16%
11%
14%
14%
15%
11%
11%
13%
13%
Other Income
13
10
2
16
36
15
14
11
24
16
18
4
1
Interest
8
8
6
5
8
6
6
8
6
6
6
9
9
Depreciation
18
18
19
21
21
21
22
22
24
23
24
25
28
PBT
132
95
72
114
199
100
129
146
184
98
96
112
146
Tax %
31%
30%
34%
27%
28%
29%
26%
22%
33%
28%
30%
-7%
29%
Net Profit
101
64
51
82
153
66
97
118
138
68
72
125
112
EPS in Rs
12.62
8.02
6.35
10.31
19.17
8.2
12.05
14.76
17.27
8.4
8.94
15.65
14.04
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
2,713
2,642
2,526
2,775
3,349
3,135
2,717
3,058
3,730
4,001
4,492
4,538
Expenses
2,520
2,567
2,431
2,625
3,221
2,928
2,475
2,852
3,330
3,481
3,883
3,994
Operating Profit
193
75
95
151
128
207
241
206
400
520
609
544
OPM %
7%
3%
4%
5%
4%
7%
9%
7%
11%
13%
14%
12%
Other Income
15
27
31
21
23
37
53
32
22
65
64
38
Interest
50
51
45
40
47
52
44
33
35
26
25
30
Depreciation
95
66
65
59
64
71
68
70
69
78
89
100
PBT
63
-15
16
73
41
121
182
135
318
481
559
452
Tax %
28%
-25%
111%
37%
113%
44%
15%
40%
29%
29%
28%
20%
Net Profit
45
-23
4
50
3
72
161
94
236
350
419
377
EPS in Rs
5.18
-3.04
0.48
6.22
0.44
9.05
20.29
11.88
29.59
43.84
52.29
47.04
Div. Payout %
10%
-16%
207%
40%
570%
28%
15%
25%
15%
14%
13%
15%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
16
16
16
16
16
16
16
16
16
16
16
16
Reserves
996
907
882
927
893
927
1,089
1,162
1,388
1,703
2,077
2,448
Borrowings
355
362
359
346
380
578
331
396
286
192
182
250
Other Liabilities
1,258
1,166
1,194
1,266
1,377
1,327
1,279
1,289
1,326
1,413
1,391
1,693
Total Liabilities
2,625
2,450
2,451
2,555
2,666
2,848
2,715
2,862
3,016
3,325
3,666
4,407
Fixed Assets
571
501
480
461
457
501
481
532
532
634
655
702
CWIP
12
6
4
13
25
51
73
27
82
32
34
58
Investments
0
43
46
49
57
104
195
333
317
410
619
758
Other Assets
2,042
1,901
1,921
2,031
2,127
2,191
1,966
1,970
2,085
2,249
2,358
2,888
Total Assets
2,625
2,450
2,451
2,555
2,666
2,848
2,715
2,862
3,016
3,325
3,666
4,407
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
127
97
100
110
62
305
317
114
329
370
386
334
Investing
-134
-47
-35
-44
-57
-172
-145
-183
-73
-166
-236
-209
Financing
-2
-50
-58
-52
-23
125
-315
30
-169
-159
-92
-44
Net Cash Flow
-9
0
8
14
-19
259
-143
-39
87
45
57
81
Free Cash Flow
-2
34
56
58
-3
168
245
50
209
259
297
204
CFO/OP
82
159
100
82
62
165
146
76
99
95
90
86
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
106
78
77
71
66
57
62
62
48
48
40
53
Inventory Days
86
99
122
130
123
137
152
140
133
157
142
142
Days Payable
158
147
155
144
135
119
138
128
112
122
100
128
Cash Conversion Cycle
33
30
43
58
55
75
76
73
69
83
82
68
Working Capital Days
36
25
21
36
26
-5
14
20
28
36
37
82
ROCE %
9%
3%
5%
9%
7%
12%
15%
11%
22%
27%
28%
21%

Shareholding Pattern

As of Mar 2026
Promoters 65.95%
Public 12.27%
DIIs 10.38%
FIIs 6.24%
Others 5.16%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
65.95%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.50%
3.88%
4.11%
5.03%
5.12%
5.62%
6.10%
6.27%
6.02%
6.05%
6.24%
DIIs
9.90%
9.90%
9.35%
8.87%
8.87%
8.87%
9.00%
8.94%
9.27%
8.97%
9.30%
9.40%
9.77%
9.89%
10.12%
10.22%
9.61%
9.78%
9.89%
10.32%
10.38%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
17.07%
16.63%
17.02%
17.91%
17.67%
17.71%
18.14%
17.59%
17.03%
16.93%
15.55%
14.95%
14.19%
13.29%
13.46%
12.98%
13.10%
12.74%
12.94%
12.50%
12.27%
Others
7.08%
7.52%
7.68%
7.27%
7.50%
7.46%
6.91%
7.52%
7.75%
8.15%
5.69%
5.82%
5.98%
5.84%
5.35%
5.24%
5.24%
5.26%
5.20%
5.17%
5.16%
No. of Shareholders
20,549
22,587
22,451
22,356
22,525
22,521
22,995
25,397
25,301
34,532
41,238
40,363
43,058
50,109
70,037
71,630
72,077
66,864
68,236
66,938
66,266

Documents

Frequently Asked Questions about Kirloskar Brothers Ltd

What does Kirloskar Brothers Ltd do?
Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. [1] [2]
Where is Kirloskar Brothers Ltd (KIRLOSBROS) listed?
Kirloskar Brothers Ltd is listed on the Indian stock exchanges. It is listed on NSE: KIRLOSBROS and BSE: 500241. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Kirloskar Brothers Ltd belong to?
Kirloskar Brothers Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Kirloskar Brothers Ltd?
Kirloskar Brothers Ltd has a market capitalisation of approximately ₹15731.70 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Kirloskar Brothers Ltd?
The Price-to-Earnings (PE) ratio of Kirloskar Brothers Ltd is 42.92. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Kirloskar Brothers Ltd?
Over the past 52 weeks, Kirloskar Brothers Ltd has traded between a low of ₹1,335 and a high of ₹2,475. This range helps investors understand the stock's price volatility and recent trading levels.
Does Kirloskar Brothers Ltd pay dividends?
Yes, Kirloskar Brothers Ltd has a dividend yield of 0.35%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Kirloskar Brothers Ltd?
Kirloskar Brothers Ltd has a Return on Equity (ROE) of 19.69%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Kirloskar Brothers Ltd on Tapetide?
On Tapetide, you can view Kirloskar Brothers Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. [1] [2]

Website kirloskarpumps.com
CEO Mr. Sanjay Chandrakant Kirloskar
Employees 2,606
Listed 2010-04-20
Face Value ₹ 2
Issued Size 7,94,08,926

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