Kirloskar Brothers Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 7, 2025, 3:27 pm

Market Cap	13,442 Cr.
Current Price	1,693
High / Low	2,685/954
Stock P/E	30.9
Book Value	233
Dividend Yield	0.36 %
ROCE	27.3 %
ROE	21.7 %
Face Value	2.00
PEG Ratio	1.42

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Kirloskar Brothers Ltd

Competitors of Kirloskar Brothers Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Hawa Engineers Ltd	40.2 Cr.	114	338/113	21.7	55.9	0.00 %	14.7 %	10.4 %	10.0
Shakti Pumps (India) Ltd	11,040 Cr.	918	1,398/187	28.5	78.4	0.07 %	31.4 %	24.2 %	10.0
Latteys Industries Ltd	110 Cr.	19.1	48.6/13.0	67.7	3.40	0.00 %	11.8 %	9.00 %	2.00
Bright Solar Ltd	7.00 Cr.	2.80	10.2/2.80		11.8	0.00 %	10.9 %	11.5 %	10.0
Kirloskar Brothers Ltd	13,442 Cr.	1,693	2,685/954	30.9	233	0.36 %	27.3 %	21.7 %	2.00
Industry Average	9,141.75 Cr	572.48		39.44	77.98	0.16%	20.00%	15.77%	6.00

All Competitor Stocks of Kirloskar Brothers Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	725	954	784	864	958	1,125	900	913	965	1,224	1,031	1,036	1,144
Expenses	682	860	743	801	808	980	790	818	841	1,033	919	894	978
Operating Profit	43	95	41	63	149	145	110	95	124	191	112	142	166
OPM %	6%	10%	5%	7%	16%	13%	12%	10%	13%	16%	11%	14%	14%
Other Income	16	4	7	4	-0	13	10	2	16	36	15	14	11
Interest	10	8	7	8	12	8	8	6	5	8	6	6	8
Depreciation	20	17	16	17	18	18	18	19	21	21	21	22	22
Profit before tax	29	73	24	42	119	132	95	72	114	199	100	129	146
Tax %	31%	35%	38%	29%	25%	31%	30%	34%	27%	28%	29%	26%	22%
Net Profit	22	55	16	31	89	101	64	51	82	153	66	97	118
EPS in Rs	2.73	6.86	1.94	3.87	11.17	12.62	8.02	6.35	10.31	19.17	8.20	12.05	14.76

Last Updated: March 3, 2025, 5:53 pm

Below is a detailed analysis of the quarterly data for Kirloskar Brothers Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,144.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,036.00 Cr. (Sep 2024) to ₹1,144.00 Cr., marking an increase of ₹108.00 Cr..
For Expenses, as of Dec 2024, the value is ₹978.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 894.00 Cr. (Sep 2024) to ₹978.00 Cr., marking an increase of ₹84.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹166.00 Cr.. The value appears strong and on an upward trend. It has increased from 142.00 Cr. (Sep 2024) to ₹166.00 Cr., marking an increase of ₹24.00 Cr..
For OPM %, as of Dec 2024, the value is 14.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 14.00%.
For Other Income, as of Dec 2024, the value is ₹11.00 Cr.. The value appears to be declining and may need further review. It has decreased from 14.00 Cr. (Sep 2024) to ₹11.00 Cr., marking a decrease of 3.00 Cr..
For Interest, as of Dec 2024, the value is ₹8.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6.00 Cr. (Sep 2024) to ₹8.00 Cr., marking an increase of ₹2.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹22.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 22.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹146.00 Cr.. The value appears strong and on an upward trend. It has increased from 129.00 Cr. (Sep 2024) to ₹146.00 Cr., marking an increase of ₹17.00 Cr..
For Tax %, as of Dec 2024, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Sep 2024) to 22.00%, marking a decrease of 4.00%.
For Net Profit, as of Dec 2024, the value is ₹118.00 Cr.. The value appears strong and on an upward trend. It has increased from 97.00 Cr. (Sep 2024) to ₹118.00 Cr., marking an increase of ₹21.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 14.76. The value appears strong and on an upward trend. It has increased from ₹12.05 (Sep 2024) to 14.76, marking an increase of ₹2.71.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:28 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	2,594	2,675	2,713	2,642	2,526	2,775	3,349	3,135	2,717	3,058	3,730	4,001	4,435
Expenses	2,384	2,467	2,520	2,567	2,431	2,625	3,221	2,928	2,475	2,852	3,330	3,481	3,824
Operating Profit	210	208	193	75	95	151	128	207	241	206	400	520	611
OPM %	8%	8%	7%	3%	4%	5%	4%	7%	9%	7%	11%	13%	14%
Other Income	6	3	15	27	31	21	23	37	53	32	22	65	76
Interest	55	51	50	51	45	40	47	52	44	33	35	26	27
Depreciation	49	55	95	66	65	59	64	71	68	70	69	78	86
Profit before tax	112	105	63	-15	16	73	41	121	182	135	318	481	574
Tax %	41%	38%	28%	-25%	111%	37%	113%	44%	15%	40%	29%	29%
Net Profit	66	65	45	-23	4	50	3	72	161	94	236	350	434
EPS in Rs	8.31	8.07	5.18	-3.04	0.48	6.22	0.44	9.05	20.29	11.88	29.59	43.84	54.18
Dividend Payout %	24%	31%	10%	-16%	207%	40%	570%	28%	15%	25%	15%	14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-1.52%	-30.77%	-151.11%	117.39%	1150.00%	-94.00%	2300.00%	123.61%	-41.61%	151.06%	48.31%
Change in YoY Net Profit Growth (%)	0.00%	-29.25%	-120.34%	268.50%	1032.61%	-1244.00%	2394.00%	-2176.39%	-165.23%	192.68%	-102.76%

Kirloskar Brothers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	4%
3 Years:	14%
TTM:	14%

Compounded Profit Growth
10 Years:	17%
5 Years:	155%
3 Years:	29%
TTM:	49%

Stock Price CAGR
10 Years:	25%
5 Years:	69%
3 Years:	78%
1 Year:	56%

Return on Equity
10 Years:	9%
5 Years:	15%
3 Years:	17%
Last Year:	22%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:49 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	16	16	16	16	16	16	16	16	16	16	16	16
Reserves	915	980	996	907	882	927	893	927	1,089	1,162	1,388	1,703	1,837
Borrowings	334	297	355	362	359	346	380	578	331	396	286	192	167
Other Liabilities	1,136	1,283	1,258	1,166	1,194	1,266	1,377	1,327	1,279	1,289	1,326	1,413	1,290
Total Liabilities	2,401	2,576	2,625	2,450	2,451	2,555	2,666	2,848	2,715	2,862	3,016	3,325	3,311
Fixed Assets	533	543	571	501	480	461	457	501	481	532	532	634	644
CWIP	17	10	12	6	4	13	25	51	73	27	82	32	26
Investments	4	12	0	43	46	49	57	104	195	333	317	410	441
Other Assets	1,847	2,011	2,042	1,901	1,921	2,031	2,127	2,191	1,966	1,970	2,085	2,249	2,200
Total Assets	2,401	2,576	2,625	2,450	2,451	2,555	2,666	2,848	2,715	2,862	3,016	3,325	3,311

Below is a detailed analysis of the balance sheet data for Kirloskar Brothers Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹16.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹16.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,837.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,703.00 Cr. (Mar 2024) to ₹1,837.00 Cr., marking an increase of 134.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹167.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹192.00 Cr. (Mar 2024) to ₹167.00 Cr., marking a decrease of 25.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,290.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹1,413.00 Cr. (Mar 2024) to ₹1,290.00 Cr., marking a decrease of 123.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,311.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹3,325.00 Cr. (Mar 2024) to ₹3,311.00 Cr., marking a decrease of 14.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹644.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹634.00 Cr. (Mar 2024) to ₹644.00 Cr., marking an increase of 10.00 Cr..
For CWIP, as of Sep 2024, the value is ₹26.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹32.00 Cr. (Mar 2024) to ₹26.00 Cr., marking a decrease of 6.00 Cr..
For Investments, as of Sep 2024, the value is ₹441.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹410.00 Cr. (Mar 2024) to ₹441.00 Cr., marking an increase of 31.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,200.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹2,249.00 Cr. (Mar 2024) to ₹2,200.00 Cr., marking a decrease of 49.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,311.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹3,325.00 Cr. (Mar 2024) to ₹3,311.00 Cr., marking a decrease of 14.00 Cr..

Notably, the Reserves (₹1,837.00 Cr.) exceed the Borrowings (167.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	190	189	127	97	100	110	62	305	317	114	329	376
Cash from Investing Activity +	-64	-74	-134	-47	-35	-44	-57	-172	-145	-183	-73	-184
Cash from Financing Activity +	-93	-112	-2	-50	-58	-52	-23	125	-315	30	-169	-147
Net Cash Flow	33	3	-9	-0	8	14	-19	259	-143	-39	87	45

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-124.00	-89.00	-162.00	-287.00	-264.00	-195.00	-252.00	-371.00	-90.00	-190.00	114.00	328.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	79	93	106	78	77	71	66	57	62	62	48	48
Inventory Days	86	66	86	99	122	130	123	137	152	140	133	157
Days Payable	140	140	158	147	155	144	135	119	138	128	112	122
Cash Conversion Cycle	26	19	33	30	43	58	55	75	76	73	69	83
Working Capital Days	69	68	76	67	65	69	59	46	46	51	44	46
ROCE %	14%	13%	9%	3%	5%	9%	7%	12%	15%	11%	22%	27%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
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%
FIIs	1.48%	1.67%	1.67%	1.53%	1.56%	1.59%	1.78%	3.50%	3.88%	4.11%	5.03%	5.12%
DIIs	9.05%	9.05%	9.02%	9.01%	8.95%	9.27%	8.98%	9.31%	9.40%	9.77%	9.88%	10.11%
Public	23.52%	23.33%	23.36%	23.52%	23.55%	23.18%	23.29%	21.23%	20.77%	20.18%	19.13%	18.81%
No. of Shareholders	22,356	22,525	22,521	22,995	25,397	25,301	34,532	41,238	40,363	43,058	50,109	70,037

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	4,384,076	1.77	1068.4	434,452	2025-03-06	909.1%
Bandhan Infrastructure Fund	434,452	5.47	105.88	434,452	2025-03-06	0%
Franklin India Smaller Companies Fund	361,035	0.61	87.98	434,452	2025-03-06	-16.9%
Franklin India Opportunities Fund	318,961	1.55	77.73	434,452	2025-03-06	-26.58%
Mahindra Manulife Small Cap Fund	230,087	1.11	56.07	434,452	2025-03-06	-47.04%
DSP Tiger Fund	228,218	1.04	55.62	434,452	2025-03-06	-47.47%
Mahindra Manulife Business Cycle Fund	75,264	1.68	18.34	434,452	2025-03-06	-82.68%
Mahindra Manulife Manufacturing Fund	51,820	1.41	12.63	434,452	2025-03-06	-88.07%
Motilal Oswal Nifty Microcap 250 Index Fund	47,028	0.85	11.46	434,452	2025-03-06	-89.18%
Bandhan Small Cap Fund	45,497	0.17	11.09	434,452	2025-03-06	-89.53%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	43.84	29.59	11.88	20.29	9.05
Diluted EPS (Rs.)	43.84	29.59	11.88	20.29	9.05
Cash EPS (Rs.)	52.63	36.98	19.02	27.94	17.56
Book Value[Excl.RevalReserv]/Share (Rs.)	217.11	177.22	148.60	139.43	119.12
Book Value[Incl.RevalReserv]/Share (Rs.)	217.11	177.22	148.60	139.43	119.12
Revenue From Operations / Share (Rs.)	503.87	469.74	385.04	342.09	394.84
PBDIT / Share (Rs.)	72.82	53.68	30.03	37.05	30.80
PBIT / Share (Rs.)	62.94	45.04	21.28	28.49	21.83
PBT / Share (Rs.)	60.52	40.05	17.06	22.93	15.28
Net Profit / Share (Rs.)	42.76	28.34	10.27	19.38	8.60
NP After MI And SOA / Share (Rs.)	43.84	29.59	11.88	20.29	9.05
PBDIT Margin (%)	14.45	11.42	7.79	10.83	7.80
PBIT Margin (%)	12.49	9.58	5.52	8.32	5.52
PBT Margin (%)	12.01	8.52	4.43	6.70	3.86
Net Profit Margin (%)	8.48	6.03	2.66	5.66	2.17
NP After MI And SOA Margin (%)	8.70	6.29	3.08	5.93	2.29
Return on Networth / Equity (%)	20.25	16.73	8.01	14.58	7.62
Return on Capital Employeed (%)	26.03	21.80	11.78	18.01	15.14
Return On Assets (%)	10.47	7.79	3.27	5.93	2.52
Long Term Debt / Equity (X)	0.03	0.07	0.11	0.07	0.12
Total Debt / Equity (X)	0.09	0.18	0.31	0.24	0.58
Asset Turnover Ratio (%)	1.26	0.96	0.85	0.70	0.83
Current Ratio (X)	1.70	1.55	1.41	1.28	1.19
Quick Ratio (X)	1.09	1.03	0.95	0.86	0.82
Inventory Turnover Ratio (X)	2.46	2.45	2.36	1.76	1.99
Dividend Payout Ratio (NP) (%)	10.26	10.14	25.25	2.46	60.23
Dividend Payout Ratio (CP) (%)	8.37	7.84	14.53	1.73	30.26
Earning Retention Ratio (%)	89.74	89.86	74.75	97.54	39.77
Cash Earning Retention Ratio (%)	91.63	92.16	85.47	98.27	69.74
Interest Coverage Ratio (X)	22.39	12.05	7.13	6.66	4.70
Interest Coverage Ratio (Post Tax) (X)	13.89	7.48	3.44	4.49	2.31
Enterprise Value (Cr.)	8640.06	3244.05	2365.63	2003.65	937.98
EV / Net Operating Revenue (X)	2.16	0.86	0.77	0.73	0.29
EV / EBITDA (X)	14.94	7.61	9.92	6.81	3.84
MarketCap / Net Operating Revenue (X)	2.19	0.86	0.73	0.70	0.22
Retention Ratios (%)	89.73	89.85	74.74	97.53	39.76
Price / BV (X)	5.10	2.31	1.91	1.72	0.74
Price / Net Operating Revenue (X)	2.19	0.86	0.73	0.70	0.22
EarningsYield	0.03	0.07	0.04	0.08	0.10

After reviewing the key financial ratios for Kirloskar Brothers Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 43.84. This value is within the healthy range. It has increased from 29.59 (Mar 23) to 43.84, marking an increase of 14.25.
For Diluted EPS (Rs.), as of Mar 24, the value is 43.84. This value is within the healthy range. It has increased from 29.59 (Mar 23) to 43.84, marking an increase of 14.25.
For Cash EPS (Rs.), as of Mar 24, the value is 52.63. This value is within the healthy range. It has increased from 36.98 (Mar 23) to 52.63, marking an increase of 15.65.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 217.11. It has increased from 177.22 (Mar 23) to 217.11, marking an increase of 39.89.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 217.11. It has increased from 177.22 (Mar 23) to 217.11, marking an increase of 39.89.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 503.87. It has increased from 469.74 (Mar 23) to 503.87, marking an increase of 34.13.
For PBDIT / Share (Rs.), as of Mar 24, the value is 72.82. This value is within the healthy range. It has increased from 53.68 (Mar 23) to 72.82, marking an increase of 19.14.
For PBIT / Share (Rs.), as of Mar 24, the value is 62.94. This value is within the healthy range. It has increased from 45.04 (Mar 23) to 62.94, marking an increase of 17.90.
For PBT / Share (Rs.), as of Mar 24, the value is 60.52. This value is within the healthy range. It has increased from 40.05 (Mar 23) to 60.52, marking an increase of 20.47.
For Net Profit / Share (Rs.), as of Mar 24, the value is 42.76. This value is within the healthy range. It has increased from 28.34 (Mar 23) to 42.76, marking an increase of 14.42.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 43.84. This value is within the healthy range. It has increased from 29.59 (Mar 23) to 43.84, marking an increase of 14.25.
For PBDIT Margin (%), as of Mar 24, the value is 14.45. This value is within the healthy range. It has increased from 11.42 (Mar 23) to 14.45, marking an increase of 3.03.
For PBIT Margin (%), as of Mar 24, the value is 12.49. This value is within the healthy range. It has increased from 9.58 (Mar 23) to 12.49, marking an increase of 2.91.
For PBT Margin (%), as of Mar 24, the value is 12.01. This value is within the healthy range. It has increased from 8.52 (Mar 23) to 12.01, marking an increase of 3.49.
For Net Profit Margin (%), as of Mar 24, the value is 8.48. This value is within the healthy range. It has increased from 6.03 (Mar 23) to 8.48, marking an increase of 2.45.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 8.70. This value is within the healthy range. It has increased from 6.29 (Mar 23) to 8.70, marking an increase of 2.41.
For Return on Networth / Equity (%), as of Mar 24, the value is 20.25. This value is within the healthy range. It has increased from 16.73 (Mar 23) to 20.25, marking an increase of 3.52.
For Return on Capital Employeed (%), as of Mar 24, the value is 26.03. This value is within the healthy range. It has increased from 21.80 (Mar 23) to 26.03, marking an increase of 4.23.
For Return On Assets (%), as of Mar 24, the value is 10.47. This value is within the healthy range. It has increased from 7.79 (Mar 23) to 10.47, marking an increase of 2.68.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.03. This value is below the healthy minimum of 0.2. It has decreased from 0.07 (Mar 23) to 0.03, marking a decrease of 0.04.
For Total Debt / Equity (X), as of Mar 24, the value is 0.09. This value is within the healthy range. It has decreased from 0.18 (Mar 23) to 0.09, marking a decrease of 0.09.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.26. It has increased from 0.96 (Mar 23) to 1.26, marking an increase of 0.30.
For Current Ratio (X), as of Mar 24, the value is 1.70. This value is within the healthy range. It has increased from 1.55 (Mar 23) to 1.70, marking an increase of 0.15.
For Quick Ratio (X), as of Mar 24, the value is 1.09. This value is within the healthy range. It has increased from 1.03 (Mar 23) to 1.09, marking an increase of 0.06.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.46. This value is below the healthy minimum of 4. It has increased from 2.45 (Mar 23) to 2.46, marking an increase of 0.01.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 10.26. This value is below the healthy minimum of 20. It has increased from 10.14 (Mar 23) to 10.26, marking an increase of 0.12.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 8.37. This value is below the healthy minimum of 20. It has increased from 7.84 (Mar 23) to 8.37, marking an increase of 0.53.
For Earning Retention Ratio (%), as of Mar 24, the value is 89.74. This value exceeds the healthy maximum of 70. It has decreased from 89.86 (Mar 23) to 89.74, marking a decrease of 0.12.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 91.63. This value exceeds the healthy maximum of 70. It has decreased from 92.16 (Mar 23) to 91.63, marking a decrease of 0.53.
For Interest Coverage Ratio (X), as of Mar 24, the value is 22.39. This value is within the healthy range. It has increased from 12.05 (Mar 23) to 22.39, marking an increase of 10.34.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 13.89. This value is within the healthy range. It has increased from 7.48 (Mar 23) to 13.89, marking an increase of 6.41.
For Enterprise Value (Cr.), as of Mar 24, the value is 8,640.06. It has increased from 3,244.05 (Mar 23) to 8,640.06, marking an increase of 5,396.01.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.16. This value is within the healthy range. It has increased from 0.86 (Mar 23) to 2.16, marking an increase of 1.30.
For EV / EBITDA (X), as of Mar 24, the value is 14.94. This value is within the healthy range. It has increased from 7.61 (Mar 23) to 14.94, marking an increase of 7.33.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.19. This value is within the healthy range. It has increased from 0.86 (Mar 23) to 2.19, marking an increase of 1.33.
For Retention Ratios (%), as of Mar 24, the value is 89.73. This value exceeds the healthy maximum of 70. It has decreased from 89.85 (Mar 23) to 89.73, marking a decrease of 0.12.
For Price / BV (X), as of Mar 24, the value is 5.10. This value exceeds the healthy maximum of 3. It has increased from 2.31 (Mar 23) to 5.10, marking an increase of 2.79.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.19. This value is within the healthy range. It has increased from 0.86 (Mar 23) to 2.19, marking an increase of 1.33.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.07 (Mar 23) to 0.03, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kirloskar Brothers Ltd as of March 10, 2025 is: ₹1,254.37

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 10, 2025, Kirloskar Brothers Ltd is Overvalued by 25.91% compared to the current share price 1,693.00

Intrinsic Value of Kirloskar Brothers Ltd as of March 10, 2025 is: 1,526.64

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 10, 2025, Kirloskar Brothers Ltd is Overvalued by 9.83% compared to the current share price 1,693.00

Last 5 Year EPS CAGR: 21.71%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,123.54 cr) compared to borrowings (337.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.62 cr) and profit (169.69 cr) over the years.	The stock has a low average ROCE of 12.25%, which may not be favorable. The stock has a high average Working Capital Days of 58.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 53.33, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kirloskar Brothers Ltd:
1. Net Profit Margin: 8.48%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 26.03% (Industry Average ROCE: 20%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 20.25% (Industry Average ROE: 15.77%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 13.89
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.09
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 30.9 (Industry average Stock P/E: 39.44)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.09
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Kirloskar Brothers Ltd. is a Public Limited Listed company incorporated on 15/01/1920 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29113PN1920PLC000670 and registration number is 000670. Currently Company is involved in the business activities of Manufacture of fluid power equipment. Company's Total Operating Revenue is Rs. 2720.13 Cr. and Equity Capital is Rs. 15.88 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Pumps	Yamuna, Survey No. 98 (3-7), Pune Maharashtra 411045	grievance.redressal@kbl.co.in http://www.kirloskarpumps.com

Management
Name	Position Held
Mr. Sanjay Kirloskar	Chairman & Managing Director
Ms. Rama Kirloskar	Joint Managing Director
Mr. Alok Kirloskar	Non Executive Director
Mr. Rajeev Kher	Independent Director
Mr. Vivek Pendharkar	Independent Director
Ms. Rekha Sethi	Independent Director
Mr. Vinayak Deshpande	Independent Director
Mr. Shrinivas V Dempo	Independent Director
Mr. Shobinder S Duggal	Independent Director
Ms. Ramni D Nirula	Independent Director
Mr. M S Unnikrishnan	Independent Director

FAQ

What is the latest intrinsic value of Kirloskar Brothers Ltd?

The latest intrinsic value of Kirloskar Brothers Ltd as on 09 March 2025 is ₹1254.37, which is 25.91% lower than the current market price of 1,693.00, indicating the stock is overvalued by 25.91%. The intrinsic value of Kirloskar Brothers Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹13,442 Cr. and recorded a high/low of ₹2,685/954 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,837 Cr and total liabilities of ₹3,311 Cr.

What is the Market Cap of Kirloskar Brothers Ltd?

The Market Cap of Kirloskar Brothers Ltd is 13,442 Cr..

What is the current Stock Price of Kirloskar Brothers Ltd as on 09 March 2025?

The current stock price of Kirloskar Brothers Ltd as on 09 March 2025 is ₹1,693.

What is the High / Low of Kirloskar Brothers Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Kirloskar Brothers Ltd stocks is ₹2,685/954.

What is the Stock P/E of Kirloskar Brothers Ltd?

The Stock P/E of Kirloskar Brothers Ltd is 30.9.

What is the Book Value of Kirloskar Brothers Ltd?

The Book Value of Kirloskar Brothers Ltd is 233.

What is the Dividend Yield of Kirloskar Brothers Ltd?

The Dividend Yield of Kirloskar Brothers Ltd is 0.36 %.

What is the ROCE of Kirloskar Brothers Ltd?

The ROCE of Kirloskar Brothers Ltd is 27.3 %.

What is the ROE of Kirloskar Brothers Ltd?

The ROE of Kirloskar Brothers Ltd is 21.7 %.

What is the Face Value of Kirloskar Brothers Ltd?

The Face Value of Kirloskar Brothers Ltd is 2.00.