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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kirloskar Industries Ltd

About the Company - Kirloskar Industries Ltd

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 Engines. Company’s Total Operating Revenue is Rs. 72.60 Cr. and Equity Capital is Rs. 9.78 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Castings/FoundryOffice No. 801, 8th Floor, Cello Platina, Pune Maharashtra 411005investorrelations@kirloskar.com
http://www.kil.net.in
Management
NamePosition Held
Mr. Atul KirloskarChairman
Mr. Mahesh R ChhabriaManaging Director
Ms. Aditi ChirmuleExecutive Director
Mr. Anil AlawaniNon Independent Director
Mr. Vinesh Kumar JairathNon Independent Director
Mr. Tejas DeshpandeIndependent Director
Mr. D SivanandhanIndependent Director
Mr. Ashit ParekhIndependent Director
Mr. Satish JamdarIndependent Director
Mr. Vijay VarmaIndependent Director
Ms. Purvi ShethIndependent Director

Kirloskar Industries Ltd. Share Price Update

Share PriceValue
Today₹4,153.55
Previous Day₹4,195.80

Basic Stock Data of Kirloskar Industries Ltd

Market Cap 4,308 Cr.
Current Price 4,353
High / Low4,375/2,198
Stock P/E23.4
Book Value 4,101
Dividend Yield0.26 %
ROCE13.4 %
ROE8.23 %
Face Value 10.0

Data Source: screener.in

Kirloskar Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5927518249859361,0371,4961,7861,6061,5741,5081,5781,554
Expenses4515606167778019321,3241,5621,3641,3521,3001,3151,325
Operating Profit141191209208135105172224242222209263228
OPM %24%25%25%21%14%10%12%13%15%14%14%17%15%
Other Income67877161725101710-2514
Interest766561421252526303030
Depreciation20212222232841424449475864
Profit before tax12017118918711379127182183165142150148
Tax %2%22%25%28%25%156%19%28%28%43%34%39%29%
Net Profit11813414113585-44103131133939491105
EPS in Rs62.4169.5274.9177.9945.780.1249.4270.4164.1844.3941.1346.0043.42

Kirloskar Industries Ltd Quarterly Chart

Kirloskar Industries Ltd Profit & Loss

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2391,3681,1191,1371,8262,2221,9162,0803,8106,4936,267
Expenses1,1271,2229709681,6741,9621,6501,5983,1255,6055,332
Operating Profit112147148170152260265482685888936
OPM %9%11%13%15%8%12%14%23%18%14%15%
Other Income5152565022142104313
Interest23302414131819273197111
Depreciation375145475157607995176197
Profit before tax10311713615991188200378568658640
Tax %25%27%26%25%25%30%25%18%44%30%
Net Profit788610011968132151311316460411
EPS in Rs60.0863.5074.4677.6651.1086.6098.77168.71197.95226.94266.59
Dividend Payout %7%32%27%26%41%24%10%6%5%5%

Kirloskar Industries Ltd Profit & Loss Yearly Chart

Kirloskar Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:29%
3 Years:50%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:35%
3 Years:32%
TTM:35%
Stock Price CAGR
10 Years:34%
5 Years:41%
3 Years:51%
1 Year:80%
Return on Equity
10 Years:%
5 Years:9%
3 Years:9%
Last Year:8%

Kirloskar Industries Ltd Balance Sheet

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1010101010101010101010
Reserves7137507998751,7791,3561,0231,7362,3193,0634,047
Borrowings19013310897881383233051,2169791,237
Other Liabilities5925895155978299389541,1453,2413,4813,650
Total Liabilities1,5041,4821,4321,5782,7062,4412,3103,1966,7867,5338,944
Fixed Assets5535485565875996508971,0572,7803,1093,262
CWIP23318197662144243418423434
Investments4234225115051,4239335411,0681,1901,5752,618
Other Assets5054803574676087967288282,3982,4262,630
Total Assets1,5041,4821,4321,5782,7062,4412,3103,1966,7867,5338,944

Kirloskar Industries Ltd Reserves and Borrowings Chart

Kirloskar Industries Ltd Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 8315610488107112185256317760
Cash from Investing Activity -69-566-51-31-108-258-194-211-369
Cash from Financing Activity -9-101-113-28-87-4108-56-56-397
Net Cash Flow6-1-49-11035650-5

Kirloskar Industries Ltd Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days56474663596256637846
Inventory Days7452577664667794138111
Days Payable1149184102105116122122149101
Cash Conversion Cycle1781937171211356655
Working Capital Days13-62645174038347247
ROCE %13%14%14%6%10%12%19%15%13%

Kirloskar Industries Ltd Financial Efficiency Indicators Chart

Kirloskar Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters73.11%73.11%73.11%72.84%72.61%72.58%72.43%72.38%72.37%71.81%71.80%71.77%
FIIs9.90%9.90%9.94%0.37%0.42%0.40%0.39%0.62%0.58%0.64%0.57%0.69%
DIIs4.24%4.25%4.14%4.13%4.12%4.12%4.11%3.85%3.46%2.14%1.94%1.89%
Public12.74%12.74%12.80%22.66%22.85%22.91%23.08%23.15%23.61%25.39%25.67%25.64%
No. of Shareholders15,99916,07216,12718,82018,70018,37818,15017,38717,25617,08116,89716,943

Kirloskar Industries Ltd Shareholding Pattern Chart

No. of Kirloskar Industries Ltd Shareholders

This stock is not held by any mutual fund

Kirloskar Industries Ltd ROCE Trend

Kirloskar Industries Ltd EPS Trend

Kirloskar Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)228.49198.68168.7098.7786.61
Diluted EPS (Rs.)223.23193.77163.9998.6886.33
Cash EPS (Rs.)643.10420.92402.46217.39194.13
Book Value[Excl.RevalReserv]/Share (Rs.)4982.624156.712301.621425.761736.43
Book Value[Incl.RevalReserv]/Share (Rs.)4982.624156.712301.621425.761736.43
Revenue From Operations / Share (Rs.)6544.553867.662116.011942.312255.67
PBDIT / Share (Rs.)941.98710.53498.28287.30270.22
PBIT / Share (Rs.)764.00612.90416.57225.04211.76
PBT / Share (Rs.)665.81581.10389.01205.88193.23
Net Profit / Share (Rs.)465.11323.29320.75155.13135.67
NP After MI And SOA / Share (Rs.)227.03197.96168.6898.7586.59
PBDIT Margin (%)14.3918.3723.5414.7911.97
PBIT Margin (%)11.6715.8419.6811.589.38
PBT Margin (%)10.1715.0218.3810.598.56
Net Profit Margin (%)7.108.3515.157.986.01
NP After MI And SOA Margin (%)3.465.117.975.083.83
Return on Networth / Equity (%)7.308.319.389.286.15
Return on Capital Employeed (%)14.0613.6716.9514.2011.25
Return On Assets (%)2.972.875.124.153.44
Long Term Debt / Equity (X)0.000.010.010.010.01
Total Debt / Equity (X)0.310.490.170.310.10
Asset Turnover Ratio (%)0.020.030.010.030.02
Current Ratio (X)1.741.422.211.462.60
Quick Ratio (X)1.220.991.861.162.20
Dividend Payout Ratio (NP) (%)4.375.010.0010.1224.25
Dividend Payout Ratio (CP) (%)2.453.350.006.2114.47
Earning Retention Ratio (%)95.6394.990.0089.8875.75
Cash Earning Retention Ratio (%)97.5596.650.0093.7985.53
Interest Coverage Ratio (X)9.5922.3418.0815.0014.58
Interest Coverage Ratio (Post Tax) (X)5.7411.1712.649.108.32
Enterprise Value (Cr.)5031.784066.051933.841062.481181.08
EV / Net Operating Revenue (X)0.771.070.940.560.53
EV / EBITDA (X)5.415.854.003.814.50
MarketCap / Net Operating Revenue (X)0.370.400.580.220.34
Retention Ratios (%)95.6294.980.0089.8775.74
Price / BV (X)0.780.650.690.410.54
Price / Net Operating Revenue (X)0.370.400.580.220.34
EarningsYield0.090.120.130.220.11

Kirloskar Industries Ltd Profitability Ratios (%)

Kirloskar Industries Ltd Liquidity Ratios

Kirloskar Industries Ltd Liquidity Ratios (%)

Kirloskar Industries Ltd Interest Coverage Ratios (%)

Kirloskar Industries Ltd Valuation Ratios

Fair Value of Kirloskar Industries Ltd Stock

Fair Value: ₹7918.32

The stock is undervalued by 81.90% compared to the current price ₹4353

*Investments are subject to market risks

Strength and Weakness of Kirloskar Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,678.18 cr) compared to borrowings (437.64 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.27 cr) and profit (294.36 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 446.05 and average Dividend Yield of 13.63%.
  2. The stock has a low average ROCE of 11.60%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 32.60, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 27.70, which may not be favorable.

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 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