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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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

Basic Stock Data of Kirloskar Industries Ltd

Last Updated: July 20, 2024, 10:56 pm

Market Cap 5,672 Cr.
Current Price 5,708
High / Low6,699/2,858
Stock P/E26.6
Book Value 4,890
Dividend Yield0.19 %
ROCE10.7 %
ROE5.38 %
Face Value 10.0
PEG Ratio2.20

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

Last Updated: July 10, 2024, 7:03 pm

Kirloskar Industries Ltd Quarterly Chart

Kirloskar Industries Ltd Profit & Loss

Last Updated: July 10, 2024, 7:03 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2391,3681,1191,1371,8262,2221,9162,0803,8106,4936,214
Expenses1,1271,2229709681,6741,9621,6501,5983,1255,6055,292
Operating Profit112147148170152260265482685888922
OPM %9%11%13%15%8%12%14%23%18%14%15%
Other Income5152565022142104316
Interest23302414131819273197116
Depreciation375145475157607995176218
Profit before tax10311713615991188200378568658605
Tax %25%27%26%25%25%30%25%18%44%30%
Net Profit788610011968132151311316460383
EPS in Rs60.0863.5074.4677.6651.1086.6098.77168.71197.95226.94174.94
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:18%
5 Years:23%
3 Years:45%
TTM:-2%
Compounded Profit Growth
10 Years:14%
5 Years:20%
3 Years:9%
TTM:-4%
Stock Price CAGR
10 Years:31%
5 Years:50%
3 Years:51%
1 Year:78%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:7%
Last Year:5%

Last Updated: July 17, 2024, 5:30 pm

Kirloskar Industries Ltd Balance Sheet

Last Updated: July 10, 2024, 7:03 pm

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 2023Mar 2024
Cash from Operating Activity 8315610488107112185256317760576
Cash from Investing Activity -69-566-51-31-108-258-194-211-369-600
Cash from Financing Activity -9-101-113-28-87-4108-56-56-397-5
Net Cash Flow6-1-49-11035650-5-29

Kirloskar Industries Ltd Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days5647466359625663784652
Inventory Days7452577664667794138111108
Days Payable114918410210511612212214910196
Cash Conversion Cycle178193717121135665565
Working Capital Days13-6264517403834724744
ROCE %13%14%14%6%10%12%19%15%13%

Kirloskar Industries Ltd Financial Efficiency Indicators Chart

Kirloskar Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.11%72.84%72.61%72.58%72.43%72.38%72.37%71.81%71.80%71.77%71.77%71.52%
FIIs9.94%0.37%0.42%0.40%0.39%0.62%0.58%0.64%0.57%0.69%0.73%0.63%
DIIs4.14%4.13%4.12%4.12%4.11%3.85%3.46%2.14%1.94%1.89%1.89%1.88%
Public12.80%22.66%22.85%22.91%23.08%23.15%23.61%25.39%25.67%25.64%25.61%25.97%
No. of Shareholders16,12718,82018,70018,37818,15017,38717,25617,08116,89716,94317,28416,846

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

Fair Value: 7,011.28

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.

Undervalued: 22.83% compared to the current price 5708

Intrinsic Value: 7,860.50

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.

Undervalued: 37.71% compared to the current price 5708

Last 5 Year EPS CAGR: 12.11%

*Investments are subject to market risks

Strength and Weakness of Kirloskar Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,750.64 cr) compared to borrowings (438.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.27 cr) and profit (291.18 cr) over the years.
  1. The stock has a low average ROCE of 10.55%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 33.64, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 31.09, which may not be favorable.

FAQ

What is the latest fair value of Kirloskar Industries Ltd?

The latest fair value of Kirloskar Industries Ltd is ₹7011.28.

What is the Market Cap of Kirloskar Industries Ltd?

The Market Cap of Kirloskar Industries Ltd is 5,672 Cr..

What is the current Stock Price of Kirloskar Industries Ltd as on 21 July 2024?

The current stock price of Kirloskar Industries Ltd as on 21 July 2024 is 5,708.

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

In FY 2024, the High / Low of Kirloskar Industries Ltd stocks is 6,699/2,858.

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

The Stock P/E of Kirloskar Industries Ltd is 26.6.

What is the Book Value of Kirloskar Industries Ltd?

The Book Value of Kirloskar Industries Ltd is 4,890.

What is the Dividend Yield of Kirloskar Industries Ltd?

The Dividend Yield of Kirloskar Industries Ltd is 0.19 %.

What is the ROCE of Kirloskar Industries Ltd?

The ROCE of Kirloskar Industries Ltd is 10.7 %.

What is the ROE of Kirloskar Industries Ltd?

The ROE of Kirloskar Industries Ltd is 5.38 %.

What is the Face Value of Kirloskar Industries Ltd?

The Face Value of Kirloskar Industries 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 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