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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kirloskar Electric Company Ltd

About the Company - Kirloskar Electric Company Ltd

Kirloskar Electric Company Ltd. is a Public Limited Listed company incorporated on 26/07/1946 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L31100KA1946PLC000415 and registration number is 000415. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 334.67 Cr. and Equity Capital is Rs. 66.41 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralNo. 19, 2nd Main Road, Peenya 1st Stage, Bengaluru Karnataka 560058investors@kirloskarelectric.com
https://kirloskarelectric.com
Management
NamePosition Held
Mr. Vijay Ravindra KirloskarExecutive Chairman
Mr. Sanjeev Kumar ShivappaDirector - Finance & CFO
Mrs. Meena KirloskarNon Executive Director
Mr. Satyanarayan AgarwalIndependent Director
Mr. Anil Kumar BhandariIndependent Director
Mr. Anand Balaramacharya HunnurManaging Director
Mr. Mahendra Vellore PadmanabanIndependent Director
Mr. Kamlesh Suresh GandhiIndependent Director
Mr. Ashok MisraIndependent Director
Mr. Suresh KumarNon Executive Director
Mr. Ravi GhaiIndependent Director

Basic Stock Data of Kirloskar Electric Company Ltd

Last Updated: June 25, 2024, 10:34 pm

Market Cap 1,276 Cr.
Current Price 192
High / Low238/96.4
Stock P/E90.6
Book Value 12.4
Dividend Yield0.00 %
ROCE18.3 %
ROE16.2 %
Face Value 10.0
PEG Ratio-6.53

Kirloskar Electric Company Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales77.1388.7661.5985.8882.10105.10102.26110.49115.75145.05117.57145.18126.07
Expenses80.8290.1770.2690.5284.20105.39102.3298.54108.10128.28109.83132.80120.37
Operating Profit-3.69-1.41-8.67-4.64-2.10-0.29-0.0611.957.6516.777.7412.385.70
OPM %-4.78%-1.59%-14.08%-5.40%-2.56%-0.28%-0.06%10.82%6.61%11.56%6.58%8.53%4.52%
Other Income1.524.830.441.830.50116.252.3715.822.911.151.221.003.49
Interest7.546.836.787.137.958.875.795.005.955.745.876.786.46
Depreciation1.563.651.281.301.321.301.231.251.231.291.261.281.22
Profit before tax-11.27-7.06-16.29-11.24-10.87105.79-4.7121.523.3810.891.835.321.51
Tax %-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%
Net Profit-11.27-7.06-16.29-11.24-10.87105.79-4.7121.523.3810.891.835.321.51
EPS in Rs-1.70-1.06-2.45-1.69-1.6415.93-0.713.240.511.640.280.800.23

Last Updated: June 7, 2024, 9:01 am

Kirloskar Electric Company Ltd Quarterly Chart

Kirloskar Electric Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0911,073991510548572370295314278335474524
Expenses1,0271,0691,048588552583409330315295350437479
Operating Profit644-57-77-4-11-39-36-0-17-163645
OPM %6%0%-6%-15%-1%-2%-10%-12%-0%-6%-5%8%9%
Other Income101229-1052517765958119226
Interest46414945494543494330312224
Depreciation25242012121212978555
Profit before tax3-49-97-240-39-52-87-2845-48673121
Tax %2%-5%1%0%0%0%0%0%0%0%0%0%
Net Profit3-51-97-240-39-52-87-2845-48673121
EPS in Rs0.66-9.64-18.65-45.19-7.09-7.88-13.12-4.216.82-7.2410.154.683.23
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Kirloskar Electric Company Ltd Profit & Loss Yearly Chart

Kirloskar Electric Company Ltd Growth

Compounded Sales Growth
10 Years:-8%
5 Years:5%
3 Years:15%
TTM:23%
Compounded Profit Growth
10 Years:10%
5 Years:18%
3 Years:37%
TTM:-84%
Stock Price CAGR
10 Years:19%
5 Years:57%
3 Years:125%
1 Year:45%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:29%

Last Updated: May 2, 2024, 5:02 am

Kirloskar Electric Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital51515153566666666666666666
Reserves18313472-222-2565-81-158-114-33102533
Preference Capital0001680000000
Borrowings279293333267324296309266188179142133127
Other Liabilities420434488334318366320303347415397388400
Total Liabilities933912942432441733614478487628616614626
Fixed Assets3273143379892416405327322481442439438
CWIP6422000000111
Investments2221111112222
Other Assets597592601331348316207149164145171172184
Total Assets933912942432441733614478487628616614626

Kirloskar Electric Company Ltd Reserves and Borrowings Chart

Kirloskar Electric Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 312242-45-23312313430357
Cash from Investing Activity -6-7-4-21925626961032
Cash from Financing Activity -35-25-10108-40-27-66-107-34-109-33
Net Cash Flow-10-928-373-7-0-2-4129-24

Kirloskar Electric Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days79837411811291675363634242
Inventory Days116111121848764707886757161
Days Payable127138161171164170189200216252227187
Cash Conversion Cycle6757343236-15-52-69-66-114-114-84
Working Capital Days2121-3-11-10-79-193-298-233-313-247-138
ROCE %9%-2%-13%-27%-10%-4%-14%-17%1%-13%-1%21%

Kirloskar Electric Company Ltd Financial Efficiency Indicators Chart

Kirloskar Electric Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters49.51%49.51%49.51%49.51%49.51%49.51%49.51%49.51%49.51%49.51%49.51%49.51%
FIIs0.71%0.71%0.71%0.71%0.71%0.71%4.02%4.30%4.29%4.16%3.83%3.83%
DIIs4.88%4.88%3.57%3.39%2.41%1.77%1.63%1.62%1.64%1.55%2.25%2.11%
Public44.90%44.90%46.21%46.39%47.37%48.01%44.84%44.57%44.55%44.78%44.41%44.54%
No. of Shareholders52,15954,79755,75357,35857,90158,39360,22761,24362,21265,23867,45472,766

Kirloskar Electric Company Ltd Shareholding Pattern Chart

No. of Kirloskar Electric Company Ltd Shareholders

This stock is not held by any mutual fund

Kirloskar Electric Company Ltd ROCE Trend

Kirloskar Electric Company Ltd EPS Trend

Kirloskar Electric Company Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.124.6810.15-7.246.82
Diluted EPS (Rs.)2.124.6810.15-7.246.82
Cash EPS (Rs.)2.885.4310.93-5.997.82
Book Value[Excl.RevalReserv]/Share (Rs.)12.4013.8311.455.05-7.13
Book Value[Incl.RevalReserv]/Share (Rs.)12.4013.8311.455.05-7.13
Revenue From Operations / Share (Rs.)83.9271.3050.3941.8047.34
PBDIT / Share (Rs.)6.748.8215.56-1.4612.76
PBIT / Share (Rs.)5.988.0614.77-2.7211.77
PBT / Share (Rs.)2.124.6810.15-7.246.82
Net Profit / Share (Rs.)2.124.6810.15-7.246.82
NP After MI And SOA / Share (Rs.)2.124.6810.15-7.246.82
PBDIT Margin (%)8.0212.3630.87-3.4926.96
PBIT Margin (%)7.1211.3129.31-6.5024.86
PBT Margin (%)2.526.5620.13-17.3314.41
Net Profit Margin (%)2.526.5620.13-17.3314.41
NP After MI And SOA Margin (%)2.526.5620.13-17.3314.41
Return on Networth / Equity (%)17.0933.8388.69-143.59-95.59
Return on Capital Employeed (%)20.4429.7765.78-13.28173.39
Return On Assets (%)2.195.0710.96-7.679.32
Long Term Debt / Equity (X)0.000.000.000.69-0.94
Total Debt / Equity (X)1.541.451.874.65-3.62
Asset Turnover Ratio (%)0.880.760.530.490.60
Current Ratio (X)0.390.330.300.230.29
Quick Ratio (X)0.280.210.200.150.18
Inventory Turnover Ratio (X)7.736.555.864.304.47
Interest Coverage Ratio (X)1.742.603.36-0.321.99
Interest Coverage Ratio (Post Tax) (X)1.552.383.19-0.601.83
Enterprise Value (Cr.)790.23561.36268.34219.71203.74
EV / Net Operating Revenue (X)1.421.190.800.790.64
EV / EBITDA (X)17.669.592.60-22.662.40
MarketCap / Net Operating Revenue (X)1.240.950.510.290.16
Price / BV (X)8.424.932.292.45-1.08
Price / Net Operating Revenue (X)1.240.950.510.290.16
EarningsYield0.020.060.38-0.580.88

Kirloskar Electric Company Ltd Profitability Ratios (%)

Kirloskar Electric Company Ltd Liquidity Ratios

Kirloskar Electric Company Ltd Liquidity Ratios (%)

Kirloskar Electric Company Ltd Interest Coverage Ratios (%)

Kirloskar Electric Company Ltd Valuation Ratios

Fair Value

Fair Value: 185.64

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.

Overvalued: 3.31% compared to the current price 192

Intrinsic Value: 159.86

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 16.74% compared to the current price ₹192

Last 5 Year EPS CAGR: -13.88%

*Investments are subject to market risks

Strength and Weakness of Kirloskar Electric Company Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -123.58, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -24.00, which is a positive sign.
  1. The stock has a low average ROCE of -5.83%, which may not be favorable.
  2. The company has higher borrowings (1.85) compared to reserves (-30.92), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (401.00) and profit (-36.38).

FAQ

What is the latest fair value of Kirloskar Electric Company Ltd?

The latest fair value of Kirloskar Electric Company Ltd is ₹185.64.

What is the Market Cap of Kirloskar Electric Company Ltd?

The Market Cap of Kirloskar Electric Company Ltd is 1,276 Cr..

What is the current Stock Price of Kirloskar Electric Company Ltd as on 25 June 2024?

The current stock price of Kirloskar Electric Company Ltd as on 25 June 2024 is ₹192.

What is the High / Low of Kirloskar Electric Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kirloskar Electric Company Ltd stocks is 238/96.4.

What is the Stock P/E of Kirloskar Electric Company Ltd?

The Stock P/E of Kirloskar Electric Company Ltd is 90.6.

What is the Book Value of Kirloskar Electric Company Ltd?

The Book Value of Kirloskar Electric Company Ltd is 12.4.

What is the Dividend Yield of Kirloskar Electric Company Ltd?

The Dividend Yield of Kirloskar Electric Company Ltd is 0.00 %.

What is the ROCE of Kirloskar Electric Company Ltd?

The ROCE of Kirloskar Electric Company Ltd is 18.3 %.

What is the ROE of Kirloskar Electric Company Ltd?

The ROE of Kirloskar Electric Company Ltd is 16.2 %.

What is the Face Value of Kirloskar Electric Company Ltd?

The Face Value of Kirloskar Electric Company Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Electric Company 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