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Last Updated: April 2, 2026, 3:13 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500243 | NSE: KIRLOSIND

Kirloskar Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,380.37Overvalued by 11.01%vs CMP ₹2,675.00

P/E (17.4) × ROE (2.6%) × BV (₹6,545.00) × DY (0.49%)

₹4,156.57Undervalued by 55.39%vs CMP ₹2,675.00
MoS: +35.6% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,268.3722%Over (-15.2%)
Graham NumberEarnings₹4,786.2516%Under (+78.9%)
Earnings PowerEarnings₹1,690.2913%Over (-36.8%)
DCFCash Flow₹1,987.3613%Over (-25.7%)
Net Asset ValueAssets₹6,545.237%Under (+144.7%)
EV/EBITDAEnterprise₹6,745.079%Under (+152.2%)
Earnings YieldEarnings₹1,555.607%Over (-41.8%)
ROCE CapitalReturns₹10,987.179%Under (+310.7%)
Revenue MultipleRevenue₹6,308.285%Under (+135.8%)
Consensus (9 models)₹4,156.57100%Undervalued
Key Drivers: ROE 2.6% is below cost of equity. | Wide model spread (₹1,556–₹10,987) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.7%

*Investments are subject to market risks

Investment Snapshot

54
Kirloskar Industries Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 6.7% WeakROE 2.6% WeakD/E 0.17 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 71.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 14% Steady
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 4% YoY FlatProfit (4Q): +20% YoY Positive
Industry Rank40/100 · Moderate
P/E 17.4 vs industry 22.5 In-lineROCE 6.7% vs industry 59.5% Below peersROE 2.6% vs industry 17.7% Below peers3Y sales CAGR: 20% High growth

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, 3:13 am

Market Cap 2,811 Cr.
Current Price 2,675
Intrinsic Value₹2,268.37
High / Low 4,726/2,456
Stock P/E17.4
Book Value 6,545
Dividend Yield0.49 %
ROCE6.72 %
ROE2.60 %
Face Value 10.0
PEG Ratio-3.70

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

View Share Price Target for Kirloskar Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kirloskar Industries Ltd 2,811 Cr. 2,675 4,726/2,45617.4 6,5450.49 %6.72 %2.60 % 10.0
Nelcast Ltd 1,053 Cr. 121 181/80.422.5 65.00.41 %9.55 %6.48 % 2.00
Alicon Castalloy Ltd 1,009 Cr. 617 1,025/54126.5 3770.89 %11.6 %8.02 % 5.00
Electrosteel Castings Ltd 5,017 Cr. 81.2 139/60.114.2 95.31.73 %13.4 %13.2 % 1.00
Captain Technocast Ltd 397 Cr. 171 322/14037.9 19.60.00 %29.4 %24.1 % 10.0
Industry Average5,798.11 Cr799.3722.46814.460.98%59.48%17.72%7.00

All Competitor Stocks of Kirloskar Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,6061,5741,5081,5781,5541,7291,5591,6881,6141,7481,7051,7821,624
Expenses 1,3641,3521,3001,3151,3251,4881,3801,4761,4411,5421,4871,5481,440
Operating Profit 242222209263228240179212172206219233184
OPM % 15%14%14%17%15%14%11%13%11%12%13%13%11%
Other Income 101710-2514-19121912391413-11
Interest 25263030303234373936343329
Depreciation 44494758647361646667656868
Profit before tax 183164142150148116961307914213314575
Tax % 28%43%34%39%29%39%31%29%33%32%28%32%34%
Net Profit 1339394911057166925397959849
EPS in Rs 64.1844.3941.1346.0051.0661.6728.7247.7523.0944.9442.1049.1719.35

Last Updated: March 4, 2026, 3:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,2391,3681,1191,1371,8262,2221,9162,0803,8106,4906,3966,6296,859
Expenses 1,1271,2229709681,6741,9621,6501,5983,1255,6035,4305,8396,017
Operating Profit 112147148170152260265482685886966789842
OPM % 9%11%13%15%8%12%14%23%18%14%15%12%12%
Other Income 51525650221421043-456254
Interest 23302414131819273197122146132
Depreciation 375145475157607995175242259269
Profit before tax 10311713615991188200378568658556447495
Tax % 25%27%26%25%25%30%25%18%44%30%35%31%
Net Profit 788610011968132151311316460361308341
EPS in Rs 60.0863.5074.4677.6651.1086.6098.77168.71197.95220.11201.86143.18155.56
Dividend Payout % 7%32%27%26%41%24%10%6%5%5%6%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)10.26%16.28%19.00%-42.86%94.12%14.39%105.96%1.61%45.57%-21.52%-14.68%
Change in YoY Net Profit Growth (%)0.00%6.02%2.72%-61.86%136.97%-79.72%91.57%-104.35%43.96%-67.09%6.84%

Kirloskar Industries 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:17%
5 Years:28%
3 Years:20%
TTM:5%
Compounded Profit Growth
10 Years:9%
5 Years:9%
3 Years:-9%
TTM:-24%
Stock Price CAGR
10 Years:22%
5 Years:43%
3 Years:34%
1 Year:-33%
Return on Equity
10 Years:6%
5 Years:6%
3 Years:5%
Last Year:3%

Last Updated: September 5, 2025, 9:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:32 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010101010
Reserves 7137507998751,7791,3561,0231,7362,3193,2434,9826,2846,868
Borrowings 19013310897881383233051,2169791,2361,2831,296
Other Liabilities 5925895155978299389541,1453,2413,3013,5344,0734,169
Total Liabilities 1,5041,4821,4321,5782,7062,4412,3103,1966,7867,5349,76111,65112,343
Fixed Assets 5535485565875996508971,0572,7803,1073,2593,5973,600
CWIP 23318197662144243418423768653641
Investments 4234225115051,4239335411,0681,1901,5753,3924,7305,330
Other Assets 5054803574676087967288282,3982,4292,3422,6722,772
Total Assets 1,5041,4821,4321,5782,7062,4412,3103,1966,7867,5349,76111,65112,343

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8315610488107112185256317760576598
Cash from Investing Activity + -69-566-51-31-108-258-194-211-369-600-537
Cash from Financing Activity + -9-101-113-28-87-4108-56-56-397-5-70
Net Cash Flow 6-1-49-11035650-5-29-8
Free Cash Flow -397701419-52-13436-1113458495
CFO/OP 94%119%87%72%88%61%84%73%66%110%79%90%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-78.0014.0040.0073.0064.00122.00-58.00177.00684.00-93.00965.00788.00

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 564746635962566378465258
Inventory Days 7452577664667794138111113108
Days Payable 114918410210511612212214910195104
Cash Conversion Cycle 17819371712113566557062
Working Capital Days -14-25-614330383472475257
ROCE %13%14%14%6%10%12%19%15%13%11%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.81%71.80%71.77%71.77%71.52%71.44%71.31%72.57%72.56%72.53%72.52%71.87%
FIIs 0.64%0.57%0.69%0.73%0.63%0.71%0.70%0.59%0.59%0.54%0.53%0.47%
DIIs 2.14%1.94%1.89%1.89%1.88%1.94%1.95%1.88%1.90%1.91%1.94%1.92%
Public 25.39%25.67%25.64%25.61%25.97%25.90%26.03%24.96%24.96%25.03%25.01%25.72%
No. of Shareholders 17,08116,89716,94317,28416,84618,89419,35719,47220,30322,72122,14821,841

Shareholding Pattern Chart

No. of Shareholders

Kirloskar Industries 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
LIC MF Infrastructure Fund 3,350 0.11 1.063,3862026-01-25 05:11:22-1.06%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 146.41202.58228.49198.68168.70
Diluted EPS (Rs.) 143.76194.57223.23193.77163.99
Cash EPS (Rs.) 544.48607.02643.10420.92402.46
Book Value[Excl.RevalReserv]/Share (Rs.) 6046.926785.684982.624156.712301.62
Book Value[Incl.RevalReserv]/Share (Rs.) 6046.926785.684982.624156.712301.62
Revenue From Operations / Share (Rs.) 6347.806413.286544.553867.662116.01
PBDIT / Share (Rs.) 805.18990.58941.98710.53498.28
PBIT / Share (Rs.) 556.78746.83764.00612.90416.57
PBT / Share (Rs.) 428.65559.98665.81581.10389.01
Net Profit / Share (Rs.) 296.08363.26465.11323.29320.75
NP After MI And SOA / Share (Rs.) 143.22201.81227.03197.96168.68
PBDIT Margin (%) 12.6815.4414.3918.3723.54
PBIT Margin (%) 8.7711.6411.6715.8419.68
PBT Margin (%) 6.758.7310.1715.0218.38
Net Profit Margin (%) 4.665.667.108.3515.15
NP After MI And SOA Margin (%) 2.253.143.465.117.97
Return on Networth / Equity (%) 2.364.017.308.319.38
Return on Capital Employeed (%) 6.4010.0914.0613.6716.95
Return On Assets (%) 1.272.052.972.875.12
Long Term Debt / Equity (X) 0.000.000.000.010.01
Total Debt / Equity (X) 0.200.240.310.490.17
Asset Turnover Ratio (%) 0.610.730.020.030.01
Current Ratio (X) 2.732.271.741.422.21
Quick Ratio (X) 2.301.841.220.991.86
Inventory Turnover Ratio (X) 6.143.230.000.000.00
Dividend Payout Ratio (NP) (%) 0.005.424.375.010.00
Dividend Payout Ratio (CP) (%) 0.002.452.453.350.00
Earning Retention Ratio (%) 0.0094.5895.6394.990.00
Cash Earning Retention Ratio (%) 0.0097.5597.5596.650.00
Interest Coverage Ratio (X) 5.768.059.5922.3418.08
Interest Coverage Ratio (Post Tax) (X) 3.034.475.7411.1712.64
Enterprise Value (Cr.) 6230.126957.655031.784066.051933.84
EV / Net Operating Revenue (X) 0.941.090.771.070.94
EV / EBITDA (X) 7.437.075.415.854.00
MarketCap / Net Operating Revenue (X) 0.490.640.370.400.58
Retention Ratios (%) 0.0094.5795.6294.980.00
Price / BV (X) 0.510.810.780.650.69
Price / Net Operating Revenue (X) 0.490.640.370.400.58
EarningsYield 0.040.040.090.120.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kirloskar Industries Ltd. is a Public Limited Listed company incorporated on 13/06/1978 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L70100PN1978PLC088972 and registration number is 088972. Currently company belongs to the Industry of Castings/Foundry. Company's Total Operating Revenue is Rs. 95.79 Cr. and Equity Capital is Rs. 10.41 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Castings/FoundryOne Avante, Level 14, Karve Road, Pune Maharashtra 411038Contact not found
Management
NamePosition Held
Mr. Atul KirloskarChairman
Mr. George VergheseManaging Director
Ms. Aditi ChirmuleExecutive Director
Mr. Anil AlawaniNon Independent Director
Mr. Vinesh Kumar JairathNon Independent Director
Ms. Purvi ShethIndependent Director
Mr. D SivanandhanIndependent Director
Mr. Tejas DeshpandeIndependent Director
Mr. Ashit ParekhIndependent Director
Mr. Satish JamdarIndependent Director
Mr. Vijay VarmaIndependent Director
Ms. Pallavi GokhaleIndependent Director

FAQ

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

As of 03 April 2026, Kirloskar Industries Ltd's intrinsic value is ₹4156.57, which is 55.39% higher than the current market price of ₹2,675.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.60 %), book value (₹6,545), dividend yield (0.49 %), and 5-year EPS CAGR.

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

Kirloskar Industries Ltd is trading at ₹2,675.00 as of 03 April 2026, with a FY2026-2027 high of ₹4,726 and low of ₹2,456. The stock is currently near its 52-week low. Market cap stands at ₹2,811 Cr..

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

Kirloskar Industries Ltd has a P/E ratio of 17.4, which is below the industry average of 22.46. This is broadly in line with or below the industry average.

Is Kirloskar Industries Ltd financially healthy?

Key indicators for Kirloskar Industries Ltd: ROCE of 6.72 % is on the lower side compared to the industry average of 59.48%; ROE of 2.60 % is below ideal levels (industry average: 17.72%). Dividend yield is 0.49 %.

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

Kirloskar Industries Ltd reported a net profit of ₹308 Cr in Mar 2025 on revenue of ₹6,629 Cr. Compared to ₹316 Cr in Mar 2022, the net profit shows a declining trend.

Does Kirloskar Industries Ltd pay dividends?

Kirloskar Industries Ltd has a dividend yield of 0.49 % at the current price of ₹2,675.00. 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 Industries 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
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