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Last Updated: April 2, 2026, 2:30 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500241 | NSE: KIRLOSBROS

Kirloskar Brothers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,308.35Fairly Valued by 7.27%vs CMP ₹1,411.00

P/E (27.1) × ROE (21.6%) × BV (₹278.00) × DY (0.50%)

₹855.90Overvalued by 39.34%vs CMP ₹1,411.00
MoS: -64.9% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,745.8423%Under (+23.7%)
Graham NumberEarnings₹560.6917%Over (-60.3%)
Earnings PowerEarnings₹331.6611%Over (-76.5%)
DCFCash Flow₹1,216.8411%Over (-13.8%)
Net Asset ValueAssets₹277.907%Over (-80.3%)
EV/EBITDAEnterprise₹675.239%Over (-52.1%)
Earnings YieldEarnings₹502.607%Over (-64.4%)
ROCE CapitalReturns₹458.449%Over (-67.5%)
Revenue MultipleRevenue₹565.366%Over (-59.9%)
Consensus (9 models)₹855.90100%Overvalued
Key Drivers: EPS CAGR 33.4% lifts DCF — verify sustainability. | Wide model spread (₹278–₹1,746) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 33.4%

*Investments are subject to market risks

Investment Snapshot

68
Kirloskar Brothers Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 27.6% ExcellentROE 21.6% ExcellentD/E 0.24 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.71% MF buyingPromoter holding at 66.0% Stable
Earnings Quality65/100 · Strong
OPM expanding (9% → 14%) Improving
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -1% YoY FlatProfit (4Q): -7% YoY Declining
Industry Rank75/100 · Strong
P/E 27.1 vs industry 28.8 In-lineROCE 27.6% vs industry 22.5% Above peersROE 21.6% vs industry 16.8% Above peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:30 am

Market Cap 11,211 Cr.
Current Price 1,411
Intrinsic Value₹855.90
High / Low 2,476/1,333
Stock P/E27.1
Book Value 278
Dividend Yield0.50 %
ROCE27.6 %
ROE21.6 %
Face Value 2.00
PEG Ratio0.81

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

View Share Price Target for Kirloskar Brothers Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Kirloskar Brothers Ltd 11,211 Cr. 1,411 2,476/1,33327.1 2780.50 %27.6 %21.6 % 2.00
KSB Ltd 14,498 Cr. 828 918/64850.2 96.50.48 %24.5 %18.3 % 2.00
Shakti Pumps (India) Ltd 6,101 Cr. 494 1,049/45618.5 1320.20 %55.3 %42.6 % 10.0
Latteys Industries Ltd 99.9 Cr. 17.4 37.0/15.836.7 3.750.00 %12.9 %9.35 % 2.00
Hawa Engineers Ltd 25.7 Cr. 73.0 160/63.411.5 59.20.00 %14.6 %8.41 % 10.0
Industry Average10,603.33 Cr471.0328.8096.880.20%22.49%16.82%6.00

All Competitor Stocks of Kirloskar Brothers Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9581,1259009139651,2241,0311,0361,1441,2819791,0281,116
Expenses 8089807908188411,0339198949781,092867919974
Operating Profit 14914511095124191112142166190112108142
OPM % 16%13%12%10%13%16%11%14%14%15%11%11%13%
Other Income -01310216361514112416184
Interest 12886586686669
Depreciation 18181819212121222224232425
Profit before tax 11913295721141991001291461849896112
Tax % 25%31%30%34%27%28%29%26%22%33%28%30%-7%
Net Profit 8910164518215366971181386872125
EPS in Rs 11.1712.628.026.3510.3119.178.2012.0514.7617.278.408.9415.65

Last Updated: February 6, 2026, 11:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:15 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,6752,7132,6422,5262,7753,3493,1352,7173,0583,7304,0014,4924,404
Expenses 2,4672,5202,5672,4312,6253,2212,9282,4752,8523,3303,4813,8833,853
Operating Profit 2081937595151128207241206400520609551
OPM % 8%7%3%4%5%4%7%9%7%11%13%14%13%
Other Income 3152731212337533222656461
Interest 51505145404752443335262527
Depreciation 55956665596471687069788996
Profit before tax 10563-15167341121182135318481559490
Tax % 38%28%-25%111%37%113%44%15%40%29%29%28%
Net Profit 6545-2345037216194236350419403
EPS in Rs 8.075.18-3.040.486.220.449.0520.2911.8829.5943.8452.2950.26
Dividend Payout % 31%10%-16%207%40%570%28%15%25%15%14%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-30.77%-151.11%117.39%1150.00%-94.00%2300.00%123.61%-41.61%151.06%48.31%19.71%
Change in YoY Net Profit Growth (%)0.00%-120.34%268.50%1032.61%-1244.00%2394.00%-2176.39%-165.23%192.68%-102.76%-28.59%

Kirloskar Brothers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:7%
3 Years:14%
TTM:7%
Compounded Profit Growth
10 Years:26%
5 Years:42%
3 Years:65%
TTM:21%
Stock Price CAGR
10 Years:25%
5 Years:75%
3 Years:82%
1 Year:19%
Return on Equity
10 Years:12%
5 Years:18%
3 Years:21%
Last Year:22%

Last Updated: September 4, 2025, 9:35 pm

Balance Sheet

Last Updated: December 4, 2025, 12:51 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 16161616161616161616161616
Reserves 9809969078829278939271,0891,1621,3881,7032,0772,192
Borrowings 297355362359346380578331396286192182219
Other Liabilities 1,2831,2581,1661,1941,2661,3771,3271,2791,2891,3261,4131,3911,352
Total Liabilities 2,5762,6252,4502,4512,5552,6662,8482,7152,8623,0163,3253,6663,778
Fixed Assets 543571501480461457501481532532634655669
CWIP 101264132551732782323452
Investments 12043464957104195333317410619649
Other Assets 2,0112,0421,9011,9212,0312,1272,1911,9661,9702,0852,2492,3582,408
Total Assets 2,5762,6252,4502,4512,5552,6662,8482,7152,8623,0163,3253,6663,778

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1891279710011062305317114329370386
Cash from Investing Activity + -74-134-47-35-44-57-172-145-183-73-166-236
Cash from Financing Activity + -112-2-50-58-52-23125-31530-169-159-92
Net Cash Flow 3-9-0814-19259-143-39874557
Free Cash Flow 124-2345658-316824550209259297
CFO/OP 108%82%159%100%82%62%165%146%76%99%95%90%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-89.00-162.00-287.00-264.00-195.00-252.00-371.00-90.00-190.00114.00328.00427.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9310678777166576262484840
Inventory Days 668699122130123137152140133157142
Days Payable 140158147155144135119138128112122100
Cash Conversion Cycle 193330435855757673698382
Working Capital Days 333625213626-51420283637
ROCE %13%9%3%5%9%7%12%15%11%22%27%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 1.59%1.78%3.50%3.88%4.11%5.03%5.12%5.61%6.10%6.27%6.01%6.05%
DIIs 9.27%8.98%9.31%9.40%9.77%9.88%10.11%10.22%9.61%9.79%9.90%10.32%
Public 23.18%23.29%21.23%20.77%20.18%19.13%18.81%18.20%18.35%18.01%18.13%17.67%
No. of Shareholders 25,30134,53241,23840,36343,05850,10970,03771,63072,07766,86468,23666,938

Shareholding Pattern Chart

No. of Shareholders

Kirloskar Brothers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 4,472,130 1.06 700.474,384,0762025-12-08 00:24:302.01%
Aditya Birla Sun Life ELSS Tax Saver Fund 440,731 0.46 69.03388,7952026-02-22 09:44:5713.36%
Bandhan Infrastructure Fund 410,546 4.5 64.3420,7952026-02-22 09:44:57-2.44%
Mahindra Manulife Small Cap Fund 295,602 1.16 46.3230,0872025-12-08 00:24:3028.47%
Mahindra Manulife Mid Cap Fund 266,691 0.98 41.77N/AN/AN/A
Mahindra Manulife Manufacturing Fund 112,692 2.58 17.6551,8202025-12-08 00:24:30117.47%
Mahindra Manulife Business Cycle Fund 80,066 0.97 12.5475,2642025-12-08 00:24:306.38%
Mahindra Manulife Multi Asset Allocation Fund 40,801 0.62 6.3926,7042026-02-22 09:44:5752.79%
Bandhan Business Cycle Fund 38,821 0.45 6.0839,8582026-02-22 09:44:57-2.6%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 52.2943.8429.5911.8820.29
Diluted EPS (Rs.) 52.2943.8429.5911.8820.29
Cash EPS (Rs.) 62.0652.6336.9819.0227.94
Book Value[Excl.RevalReserv]/Share (Rs.) 263.55217.11177.22148.60139.43
Book Value[Incl.RevalReserv]/Share (Rs.) 263.55217.11177.22148.60139.43
Revenue From Operations / Share (Rs.) 565.70503.87469.74385.04342.09
PBDIT / Share (Rs.) 85.7672.8253.6830.0337.05
PBIT / Share (Rs.) 74.5162.9445.0421.2828.49
PBT / Share (Rs.) 70.4060.5240.0517.0622.93
Net Profit / Share (Rs.) 50.8042.7628.3410.2719.38
NP After MI And SOA / Share (Rs.) 52.2943.8429.5911.8820.29
PBDIT Margin (%) 15.1614.4511.427.7910.83
PBIT Margin (%) 13.1712.499.585.528.32
PBT Margin (%) 12.4412.018.524.436.70
Net Profit Margin (%) 8.988.486.032.665.66
NP After MI And SOA Margin (%) 9.248.706.293.085.93
Return on Networth / Equity (%) 19.8420.2516.738.0114.58
Return on Capital Employeed (%) 25.6326.0321.8011.7818.01
Return On Assets (%) 11.3210.477.793.275.93
Long Term Debt / Equity (X) 0.030.030.070.110.07
Total Debt / Equity (X) 0.060.090.180.310.24
Asset Turnover Ratio (%) 1.291.260.960.850.70
Current Ratio (X) 1.851.701.551.411.28
Quick Ratio (X) 1.221.091.030.950.86
Inventory Turnover Ratio (X) 5.272.462.452.361.76
Dividend Payout Ratio (NP) (%) 11.4710.2610.1425.252.46
Dividend Payout Ratio (CP) (%) 9.448.377.8414.531.73
Earning Retention Ratio (%) 88.5389.7489.8674.7597.54
Cash Earning Retention Ratio (%) 90.5691.6392.1685.4798.27
Interest Coverage Ratio (X) 27.4022.3912.057.136.66
Interest Coverage Ratio (Post Tax) (X) 17.5413.897.483.444.49
Enterprise Value (Cr.) 13374.778640.063244.052365.632003.65
EV / Net Operating Revenue (X) 2.982.160.860.770.73
EV / EBITDA (X) 19.6414.947.619.926.81
MarketCap / Net Operating Revenue (X) 3.022.190.860.730.70
Retention Ratios (%) 88.5289.7389.8574.7497.53
Price / BV (X) 6.495.102.311.911.72
Price / Net Operating Revenue (X) 3.022.190.860.730.70
EarningsYield 0.030.030.070.040.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 2901.39 Cr. and Equity Capital is Rs. 15.88 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
PumpsYamuna, Survey No. 98 (3-7), Pune Maharashtra 411045Contact not found
Management
NamePosition Held
Mr. Sanjay KirloskarChairman & Managing Director
Ms. Rama KirloskarJoint Managing Director
Mr. Alok KirloskarNon Executive Director
Mr. Vivek PendharkarInd. Non-Executive Director
Ms. Rekha SethiInd. Non-Executive Director
Mr. Vinayak DeshpandeInd. Non-Executive Director
Mr. Shrinivas V DempoInd. Non-Executive Director
Mr. Shobinder S DuggalInd. Non-Executive Director
Ms. Ramni D NirulaInd. Non-Executive Director
Mr. Pradyumna VyasInd. Non-Executive Director

FAQ

What is the intrinsic value of Kirloskar Brothers Ltd and is it undervalued?

As of 14 April 2026, Kirloskar Brothers Ltd's intrinsic value is ₹855.90, which is 39.34% lower than the current market price of ₹1,411.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.6 %), book value (₹278), dividend yield (0.50 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kirloskar Brothers Ltd?

Kirloskar Brothers Ltd is trading at ₹1,411.00 as of 14 April 2026, with a FY2026-2027 high of ₹2,476 and low of ₹1,333. The stock is currently near its 52-week low. Market cap stands at ₹11,211 Cr..

How does Kirloskar Brothers Ltd's P/E ratio compare to its industry?

Kirloskar Brothers Ltd has a P/E ratio of 27.1, which is below the industry average of 28.80. This is broadly in line with or below the industry average.

Is Kirloskar Brothers Ltd financially healthy?

Key indicators for Kirloskar Brothers Ltd: ROCE of 27.6 % indicates efficient capital utilization; ROE of 21.6 % shows strong shareholder returns. Dividend yield is 0.50 %.

Is Kirloskar Brothers Ltd profitable and how is the profit trend?

Kirloskar Brothers Ltd reported a net profit of ₹419 Cr in Mar 2025 on revenue of ₹4,492 Cr. Compared to ₹94 Cr in Mar 2022, the net profit shows an improving trend.

Does Kirloskar Brothers Ltd pay dividends?

Kirloskar Brothers Ltd has a dividend yield of 0.50 % at the current price of ₹1,411.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kirloskar Brothers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE