Kirloskar Oil Engines Ltd logo

Kirloskar Oil Engines Ltd

KIRLOSENG NSE

Key Fundamentals

SmallcapCompressors Pumps & Diesel EnginesIndustrial Products
Market Cap
₹30,259 Cr
Volatility
Moderate
P/E Ratio
56.58
EBITDA
₹1,486 Cr
Return on Equity
15.6%
Debt to Equity
1.48
Book Value
₹248.76
EPS
₹33.13
52W High
₹2,720
52W Low
₹855.8

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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38 extracted metrics + investor summaries across FY16–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 25.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.9%

Weaknesses

1
  • Stock is trading at 8.44 times its book value

Growth Rate

Revenue Growth
21.79% ↗
Net Income Growth
17.76% ↗
Cash Flow Change
226.06% ↗
ROE
0.71% ↗
ROCE
14.36% ↗
EBITDA Margin (Avg.)
-1.14% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Kirloskar Oil Engines Ltd has a market cap of Rs 30,326 Cr trading at a PE of 55.9x and PB of 8.26x. The company has delivered 25% compounded profit CAGR over 5 years with TTM sales growth of 23%, though the stock has appreciated 127% in the last year, raising valuation concerns.

Bull Case 8
  • Strong 5-year compounded profit growth of 25% CAGR demonstrates sustained earnings momentum
  • TTM sales growth of 23% indicates continued top-line acceleration above the 10-year average of 12%
  • ROE has improved from 13% (10-year average) to 18% last year, showing improving capital efficiency
  • 3-year compounded profit growth of 22% shows consistency in earnings delivery across cycles
  • 5-year compounded sales CAGR of 19% reflects structural demand tailwinds in the industrial products segment
  • Consistent dividend payout of 18.9% signals management confidence in cash flow sustainability
  • 10-year stock CAGR of 22% indicates long-term wealth creation track record for shareholders
  • TTM profit growth of 28% is outpacing TTM revenue growth of 23%, indicating operating leverage and margin expansion
Bear Case 8
  • PE ratio of 55.9x is significantly elevated for an industrial products company, leaving limited margin of safety
  • Price-to-book of 8.26x is expensive and well above typical industrial sector valuations
  • Stock has surged 127% in 1 year, raising risk of mean reversion or time correction at current levels
  • Dividend yield of only 0.34% provides minimal income cushion against potential capital depreciation
  • 3-year stock CAGR of 60% has significantly outpaced 3-year profit CAGR of 22%, suggesting valuation expansion rather than fundamental support
  • 10-year sales CAGR of 12% suggests the underlying business growth rate is moderate, making current multiples hard to sustain long-term
  • 5-year stock CAGR of 55% versus 5-year sales CAGR of 19% implies a large portion of returns came from multiple expansion rather than revenue growth
  • At 55.9x PE, even maintaining 25% profit growth would take several years for the valuation to normalise to sector averages

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

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 2
  • Q1FY27 net profit drops 19% Aug 6

    Consolidated net profit fell 19% YoY to ₹111.06 crore in Q1FY27, even as revenue grew 14% to ₹1,999.53 crore, indicating margin compression.

  • Global business challenges persist Aug 10

    Management acknowledged global business challenges impacting operations, though it remains committed to EBITDA targets and expects profit recovery in upcoming quarters.

Positives 4
  • $2B revenue target by FY30 Aug 10

    Company targets $2 billion revenue by FY30 with higher EBITDA margins, supported by pricing changes and cost management efforts.

  • Wildcat Power Gen full acquisition Aug 7

    Subsidiary Kirloskar Americas acquired remaining 49% stake in Wildcat Power Gen USA for USD 0.15 mn, making it wholly owned effective Aug 6, 2026.

  • ₹7 dividend approved at AGM Aug 7

    Shareholders approved total dividend of ₹7 per share for FY26 at the 17th AGM held Aug 7, along with board re-appointments of Rahul C. Kirloskar and Yogesh Kapur.

  • Revenue up 14% YoY in Q1 Aug 6

    Q1FY27 consolidated revenue rose 14% YoY to ₹1,999.53 crore, showing continued topline momentum despite profit headwinds.

Neutral 4
  • Yogesh Kapur re-appointed as director Aug 8

    Shareholders approved re-appointment of Yogesh Kapur as Independent Director for a five-year term commencing Sep 29, 2026.

  • ESOP pool expansion vote set Aug 6

    Aug 14, 2026 fixed as cut-off date for e-ballot on amending KOEL ESOP 2019 to increase option pool by 100,000 units.

  • 36,108 ESOPs cancelled Aug 6

    Board approved voluntary surrender and cancellation of 36,108 employee stock options on Aug 6, reducing total outstanding pool.

  • Satish Jamdar exits board Aug 3

    Independent Director Satish Jamdar ceased his role on Aug 3, 2026, after completing his second four-year term and exiting key committees.

TL;DR: KOEL is executing an ambitious growth strategy targeting $2B revenue by FY30, with Q1FY27 topline growing 14% YoY to nearly ₹2,000 crore. However, margin pressure is evident with net profit declining 19% despite revenue growth. The US subsidiary consolidation and healthy dividend signal confidence, but management needs to demonstrate margin recovery in coming quarters to validate the higher EBITDA targets.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,543
1,305
1,391
1,660
1,632
1,505
1,454
1,749
1,762
1,948
1,873
2,116
2,000
Expenses
1,277
1,103
1,133
1,357
1,307
1,207
1,199
1,437
1,435
1,567
1,541
1,740
1,699
Operating Profit
266
201
258
303
325
298
255
312
327
382
331
376
300
OPM %
17%
15%
19%
18%
20%
20%
18%
18%
19%
20%
18%
18%
15%
Other Income
7
8
-24
23
18
19
11
36
39
13
-13
2
15
Interest
76
74
82
97
101
118
133
131
139
136
128
120
116
Depreciation
27
30
31
31
30
33
37
39
40
42
43
49
49
PBT
170
105
122
198
211
166
95
179
187
216
148
210
151
Tax %
26%
26%
26%
26%
26%
25%
28%
29%
26%
26%
26%
26%
26%
Net Profit
126
78
89
147
156
125
68
127
139
159
109
155
111
EPS in Rs
8.67
5.38
6.2
10.25
10.98
8.79
4.91
9.03
9.77
11.18
7.66
10.91
7.82
Figures in ₹ Crores

Profit & Loss

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,464
2,674
3,055
3,626
3,379
3,296
4,022
5,020
5,898
6,329
7,701
7,937
Expenses
2,187
2,390
2,790
3,251
3,085
2,909
3,610
4,286
4,871
5,148
6,287
6,547
Operating Profit
277
283
265
376
295
387
412
734
1,027
1,181
1,414
1,390
OPM %
11%
11%
9%
10%
9%
12%
10%
15%
17%
19%
18%
18%
Other Income
49
83
72
63
52
17
27
29
16
92
44
17
Interest
9
3
12
13
14
50
106
210
329
482
523
499
Depreciation
111
111
123
94
87
84
101
105
119
139
174
183
PBT
205
253
203
331
245
270
232
449
595
651
761
725
Tax %
19%
31%
33%
34%
23%
27%
26%
26%
26%
27%
26%
—
Net Profit
165
174
136
220
188
197
171
332
440
476
562
535
EPS in Rs
11.44
12.02
9.66
15.16
12.81
13.48
12.07
22.96
30.48
33.69
39.51
37.57
Div. Payout %
44%
42%
52%
33%
31%
30%
33%
22%
20%
19%
18%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
29
29
29
29
29
29
29
29
29
29
29
Reserves
1,415
1,588
1,547
1,670
1,716
1,893
2,053
2,275
2,647
3,057
3,591
Borrowings
7
12
142
90
189
849
1,965
3,244
4,142
5,819
5,374
Other Liabilities
519
541
783
807
825
1,026
975
1,169
1,450
1,573
1,851
Total Liabilities
1,970
2,170
2,500
2,595
2,759
3,797
5,021
6,717
8,268
10,478
10,846
Fixed Assets
475
440
702
663
623
698
721
689
769
1,183
1,327
CWIP
29
15
30
41
78
55
43
69
293
98
149
Investments
791
988
675
711
433
834
738
658
489
601
440
Other Assets
674
727
1,093
1,180
1,626
2,210
3,519
5,302
6,718
8,597
8,930
Total Assets
1,970
2,170
2,500
2,595
2,759
3,797
5,021
6,717
8,268
10,478
10,846
Figures in ₹ Crores

Cash Flow

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
99
171
136
192
-124
-16
-1,041
-920
-469
-739
932
Investing
82
-190
7
-38
233
-465
-3
-145
-109
-522
-320
Financing
-176
2
-96
-153
-43
599
950
1,182
800
1,510
-589
Net Cash Flow
6
-16
48
1
67
118
-93
117
223
248
23
Free Cash Flow
22
114
26
139
-206
-120
-1,165
-1,081
-846
-996
595
CFO/OP
52
71
83
83
-16
8
-233
-109
-31
-49
79
Figures in ₹ Crores

Ratios

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
23
27
48
41
45
49
43
38
38
40
45
Inventory Days
49
49
64
49
69
68
54
64
67
60
61
Days Payable
82
77
91
69
70
106
80
79
83
72
78
Cash Conversion Cycle
-10
0
21
21
43
10
17
23
22
28
28
Working Capital Days
7
20
17
13
47
0
13
4
-49
-33
-2
ROCE %
—
13%
10%
17%
12%
13%
10%
13%
15%
14%
15%

Shareholding Pattern

As of Jun 2026
Promoters 41.07%
DIIs 26.00%
Public 15.35%
FIIs 11.33%
Others 6.25%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
59.44%
59.44%
59.44%
59.44%
59.44%
59.44%
59.44%
59.42%
41.25%
41.23%
41.23%
41.23%
41.21%
41.18%
41.17%
41.16%
41.15%
41.13%
41.12%
41.08%
41.07%
41.07%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.80%
9.06%
9.77%
9.98%
10.79%
10.99%
9.14%
8.48%
8.34%
8.45%
10.79%
11.33%
DIIs
14.08%
13.68%
13.34%
16.91%
16.70%
16.80%
13.55%
14.67%
27.96%
28.57%
24.28%
24.37%
25.17%
25.44%
24.93%
25.03%
26.58%
27.20%
27.99%
28.20%
26.69%
26.00%
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%
0.00%
Public
16.95%
17.15%
17.34%
18.59%
18.73%
18.55%
19.09%
16.97%
18.08%
18.30%
20.09%
19.43%
18.31%
18.32%
18.50%
18.14%
18.27%
18.15%
17.20%
16.62%
15.82%
15.35%
Others
9.52%
9.73%
9.87%
5.06%
5.13%
5.21%
7.92%
8.95%
12.70%
11.91%
6.59%
5.92%
5.55%
5.08%
4.61%
4.68%
4.86%
5.05%
5.35%
5.65%
5.63%
6.25%
No. of Shareholders
0
42,041
43,631
46,208
50,140
52,717
52,669
57,254
56,261
55,394
72,798
68,891
77,565
1,07,323
1,21,481
1,12,540
1,09,948
1,09,607
1,03,209
1,02,516
1,06,666
1,30,627

Documents

Frequently Asked Questions about Kirloskar Oil Engines Ltd

What does Kirloskar Oil Engines Ltd do?
KOEL, one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol and kerosene-based pump sets. It has manufacturing units in Pune, Kagal, and Nashik. The company caters to the agriculture, power g...
Where is Kirloskar Oil Engines Ltd (KIRLOSENG) listed?
Kirloskar Oil Engines Ltd is listed on the Indian stock exchanges. It is listed on NSE: KIRLOSENG and BSE: 533293. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Kirloskar Oil Engines Ltd belong to?
Kirloskar Oil Engines Ltd operates in the Industrial Products sector within the Compressors Pumps & Diesel Engines industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Kirloskar Oil Engines Ltd?
Kirloskar Oil Engines Ltd has a market capitalisation of approximately ₹30259.38 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Kirloskar Oil Engines Ltd?
The Price-to-Earnings (PE) ratio of Kirloskar Oil Engines Ltd is 56.58. 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 Oil Engines Ltd?
Over the past 52 weeks, Kirloskar Oil Engines Ltd has traded between a low of ₹855.8 and a high of ₹2,720. This range helps investors understand the stock's price volatility and recent trading levels.
Does Kirloskar Oil Engines Ltd pay dividends?
Yes, Kirloskar Oil Engines Ltd has a dividend yield of 0.33%. 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 Oil Engines Ltd?
Kirloskar Oil Engines Ltd has a Return on Equity (ROE) of 15.60%. 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 Oil Engines Ltd on Tapetide?
On Tapetide, you can view Kirloskar Oil Engines 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

KOEL, one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol and kerosene-based pump sets. It has manufacturing units in Pune, Kagal, and Nashik. The company caters to the agriculture, power generation, and industrial sectors.[1]

Website kirloskaroilengines.com
CEO Mr. Sachin Kejriwal
Employees 2,469
Listed 2010-12-24
Face Value ₹ 2
Issued Size 14,53,31,414

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