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Kirloskar Oil Engines Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,051.14Overvalued by 23.11%vs CMP ₹1,367.00

P/E (36.6) × ROE (15.4%) × BV (₹232.00) × DY (0.48%)

₹667.94Overvalued by 51.14%vs CMP ₹1,367.00
MoS: -104.7% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,319.6226%Fair (-3.5%)
Graham NumberEarnings₹443.2619%Over (-67.6%)
DCFCash Flow₹521.1313%Over (-61.9%)
Net Asset ValueAssets₹232.048%Over (-83%)
EV/EBITDAEnterprise₹349.0611%Over (-74.5%)
Earnings YieldEarnings₹376.408%Over (-72.5%)
ROCE CapitalReturns₹656.588%Over (-52%)
Revenue MultipleRevenue₹436.776%Over (-68%)
Consensus (8 models)₹667.94100%Overvalued
Key Drivers: EPS CAGR 25.5% lifts DCF — verify sustainability. | Wide model spread (₹232–₹1,320) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.5%

*Investments are subject to market risks

Analyst Summary

Kirloskar Oil Engines Ltd operates in the Engines segment, NSE: KIRLOSENG | BSE: 533293, current market price is ₹1,367.00, market cap is 19,871 Cr.. At a glance, stock P/E is 36.6, ROE is 15.4 %, ROCE is 13.7 %, book value is 232, dividend yield is 0.48 %. The latest intrinsic value estimate is ₹667.94, around 51.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹6,349 Cr versus the prior period change of 7.6%, while latest net profit is about ₹476 Cr with a prior-period change of 8.2%. The 52-week range shown on this page is 1,530/578, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKirloskar Oil Engines Ltd. is a Public Limited Listed company incorporated on 12/01/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN…

This summary is generated from the stock page data available for Kirloskar Oil Engines Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

63
Kirloskar Oil Engines Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 13.7% GoodROE 15.4% GoodD/E 0.35 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.62% MF buyingPromoter holding at 41.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (13% → 18%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +17% YoY GrowingProfit (4Q): +8% YoY Positive
Industry Rank40/100 · Moderate
P/E 36.6 vs industry 35.8 In-lineROCE 13.7% vs industry 28.2% Below peers3Y sales CAGR: 16% 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, 3:13 am

Market Cap 19,871 Cr.
Current Price 1,367
Intrinsic Value₹667.94
High / Low 1,530/578
Stock P/E36.6
Book Value 232
Dividend Yield0.48 %
ROCE13.7 %
ROE15.4 %
Face Value 2.00
PEG Ratio1.43

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

View Share Price Target for Kirloskar Oil Engines Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kirloskar Oil Engines Ltd 19,871 Cr. 1,367 1,530/57836.6 2320.48 %13.7 %15.4 % 2.00
Swaraj Engines Ltd 4,157 Cr. 3,421 4,726/3,30021.9 3233.05 %56.2 %41.9 % 10.0
Greaves Cotton Ltd 3,059 Cr. 131 245/12028.2 59.11.52 %5.13 %4.11 % 2.00
Cummins India Ltd 1,27,764 Cr. 4,609 4,987/2,58056.5 2651.12 %37.6 %28.8 % 2.00
Industry Average38,712.75 Cr2,382.0035.80219.781.54%28.16%22.55%4.00

All Competitor Stocks of Kirloskar Oil Engines Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,2201,3841,5431,3051,3911,6601,6321,5051,4541,7491,7641,9481,873
Expenses 1,0281,1961,2771,1031,1331,3571,3071,2071,1991,4371,4371,5671,541
Operating Profit 192188266201258303325298255312327382331
OPM % 16%14%17%15%19%18%20%20%18%18%19%20%18%
Other Income 71178-2423181911363913-13
Interest 576476748297101118133131139136128
Depreciation 26262730313130333739404243
Profit before tax 11710917010512219821116695179187216148
Tax % 24%27%26%26%26%26%26%25%28%29%26%26%26%
Net Profit 8879126788914715612568127139159109
EPS in Rs 6.095.458.675.386.2010.2510.988.794.919.039.7711.187.66

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,4642,6743,0553,6263,3793,2964,0225,0205,8986,3497,334
Expenses 2,1872,3902,7903,2513,0852,9093,6104,2864,8715,1645,982
Operating Profit 2772832653762953874127341,0271,1851,352
OPM % 11%11%9%10%9%12%10%15%17%19%18%
Other Income 4983726352172729169075
Interest 9312131450106210329483534
Depreciation 111111123948784101105119140164
Profit before tax 205253203331245270232449595652730
Tax % 19%31%33%34%23%27%26%26%26%27%
Net Profit 165174136220188197171332440476534
EPS in Rs 11.4412.029.6615.1612.8113.4812.0722.9630.4833.6937.64
Dividend Payout % 44%42%52%33%31%30%33%22%20%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)5.45%-21.84%61.76%-14.55%4.79%-13.20%94.15%32.53%8.18%
Change in YoY Net Profit Growth (%)0.00%-27.29%83.60%-76.31%19.33%-17.99%107.35%-61.62%-24.35%

Kirloskar Oil Engines Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:16%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:23%
3 Years:39%
TTM:-7%
Stock Price CAGR
10 Years:12%
5 Years:49%
3 Years:55%
1 Year:-34%
Return on Equity
10 Years:%
5 Years:14%
3 Years:16%
Last Year:15%

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

Balance Sheet

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

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2929292929292929292929
Reserves 1,4151,5881,5471,6701,7161,8932,0532,2752,6473,0573,344
Borrowings 712142901898491,9653,2444,1425,8195,526
Other Liabilities 5195417838078251,0269751,1691,4501,5711,774
Total Liabilities 1,9702,1702,5002,5952,7593,7975,0216,7178,26810,47610,673
Fixed Assets 4754407026636236987216897691,1831,249
CWIP 291530417855436929398110
Investments 791988675711433834738658489601467
Other Assets 6747271,0931,1801,6262,2103,5195,3026,7188,5958,847
Total Assets 1,9702,1702,5002,5952,7593,7975,0216,7178,26810,47610,673

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 99171136192-124-16-1,041-920-469-739
Cash from Investing Activity + 82-1907-38233-465-3-145-109-522
Cash from Financing Activity + -1762-96-153-435999501,1828001,509
Net Cash Flow 6-1648167118-93117223248
Free Cash Flow 2211426139-206-120-1,165-1,081-846-996
CFO/OP 52%71%83%83%-16%8%-233%-109%-31%-49%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow270.00271.00123.00286.00106.00-462.00411.00731.00-3.00-4.00

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 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 23274841454943383840
Inventory Days 49496449696854646760
Days Payable 827791697010680798372
Cash Conversion Cycle -10-02121431017232228
Working Capital Days 720171347-0134-49-33
ROCE %13%10%17%12%13%10%13%15%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 41.25%41.23%41.23%41.22%41.21%41.18%41.17%41.17%41.14%41.13%41.12%41.09%
FIIs 6.04%6.17%7.79%9.06%9.77%9.98%10.79%10.99%9.14%8.47%8.34%8.45%
DIIs 27.95%28.57%24.28%24.37%25.17%25.42%24.93%25.04%26.59%27.21%28.00%28.21%
Public 24.76%24.03%26.69%25.36%23.86%23.40%23.11%22.81%23.11%23.20%22.56%22.26%
No. of Shareholders 56,26155,39472,79868,89177,5651,07,3231,21,4811,12,5401,09,9481,09,6071,03,2091,02,516

Shareholding Pattern Chart

No. of Shareholders

Kirloskar Oil Engines 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
DSP Small Cap Fund 4,000,000 2.91 469.62,658,3342025-12-08 03:54:2550.47%
Nippon India Small Cap Fund 3,715,379 0.66 436.193,571,4292025-12-08 03:54:254.03%
Franklin India Flexi Cap Fund 2,596,337 1.56 304.812,588,8912026-01-25 05:04:420.29%
DSP Mid Cap Fund 2,548,022 1.57 299.14N/AN/AN/A
Franklin India Small Cap Fund 2,100,935 1.93 246.651,982,9632026-02-22 13:50:455.95%
DSP Flexi Cap Fund 1,746,114 1.71 204.99N/AN/AN/A
Axis Small Cap Fund 1,722,073 0.79 202.17N/AN/AN/A
Franklin India Opportunities Fund 1,288,353 1.83 151.251,257,8312025-12-08 03:54:252.43%
DSP India T.I.G.E.R. Fund 1,154,264 2.61 135.511,412,4122026-01-26 01:30:10-18.28%
Nippon India Flexi Cap Fund 1,131,132 1.44 132.79N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 33.7130.5022.9812.0713.48
Diluted EPS (Rs.) 33.6030.4622.8812.0713.48
Cash EPS (Rs.) 42.3538.4430.0518.8019.46
Book Value[Excl.RevalReserv]/Share (Rs.) 212.55183.50159.14143.96132.93
Book Value[Incl.RevalReserv]/Share (Rs.) 212.55183.50159.14143.96132.93
Revenue From Operations / Share (Rs.) 437.27406.92347.07278.15227.95
PBDIT / Share (Rs.) 85.2372.8752.6630.3528.50
PBIT / Share (Rs.) 75.6064.6745.4323.3522.70
PBT / Share (Rs.) 44.8340.9730.9316.0118.65
Net Profit / Share (Rs.) 32.7230.2422.8211.7913.65
NP After MI And SOA / Share (Rs.) 33.6930.4822.9612.0713.48
PBDIT Margin (%) 19.4917.9015.1710.9112.50
PBIT Margin (%) 17.2815.8913.088.399.95
PBT Margin (%) 10.2510.068.915.758.18
Net Profit Margin (%) 7.487.436.574.245.98
NP After MI And SOA Margin (%) 7.707.496.614.335.91
Return on Networth / Equity (%) 15.8416.5114.438.3810.14
Return on Capital Employeed (%) 15.6119.8115.6510.3912.87
Return On Assets (%) 4.665.334.943.465.12
Long Term Debt / Equity (X) 1.220.730.780.510.21
Total Debt / Equity (X) 1.871.541.400.930.35
Asset Turnover Ratio (%) 0.670.780.980.960.96
Current Ratio (X) 1.271.051.361.541.83
Quick Ratio (X) 1.100.861.141.331.53
Inventory Turnover Ratio (X) 10.284.604.764.573.51
Dividend Payout Ratio (NP) (%) 17.808.1910.8833.1411.12
Dividend Payout Ratio (CP) (%) 13.846.468.2720.977.77
Earning Retention Ratio (%) 82.2091.8189.1266.8688.88
Cash Earning Retention Ratio (%) 86.1693.5491.7379.0392.23
Interest Coverage Ratio (X) 2.563.223.634.148.22
Interest Coverage Ratio (Post Tax) (X) 1.912.382.572.615.11
Enterprise Value (Cr.) 15182.3416058.098640.883691.552797.80
EV / Net Operating Revenue (X) 2.392.721.720.910.84
EV / EBITDA (X) 12.2715.2011.348.416.79
MarketCap / Net Operating Revenue (X) 1.652.111.130.470.71
Retention Ratios (%) 82.1991.8089.1166.8588.87
Price / BV (X) 3.394.652.470.911.23
Price / Net Operating Revenue (X) 1.652.111.130.470.71
EarningsYield 0.040.030.050.090.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kirloskar Oil Engines Ltd. is a Public Limited Listed company incorporated on 12/01/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29100PN2009PLC133351 and registration number is 133351. Currently Company is involved in the business activities of Manufacture of general purpose machinery. Company's Total Operating Revenue is Rs. 5113.33 Cr. and Equity Capital is Rs. 29.04 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
EnginesLaxmanrao Kirloskar Road, Pune Maharashtra 411003Contact not found
Management
NamePosition Held
Mr. Atul C KirloskarChairman & Non-Exe.Director
Ms. Gauri KirloskarManaging Director
Mr. Rahul C KirloskarNon Independent Director
Mr. Vinesh Kumar JairathNon Independent Director
Mr. Arvind GoelIndependent Director
Mr. Satish JamdarIndependent Director
Mr. Kandathil Mathew AbrahamIndependent Director
Dr. Shalini SarinIndependent Director
Mr. Yogesh KapurIndependent Director
Mrs. Purvi ShethIndependent Director

FAQ

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

As of 22 April 2026, Kirloskar Oil Engines Ltd's intrinsic value is ₹667.94, which is 51.14% lower than the current market price of ₹1,367.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.4 %), book value (₹232), dividend yield (0.48 %), and 5-year EPS CAGR.

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

Kirloskar Oil Engines Ltd is trading at ₹1,367.00 as of 22 April 2026, with a FY2026-2027 high of ₹1,530 and low of ₹578. The stock is currently near its 52-week high. Market cap stands at ₹19,871 Cr..

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

Kirloskar Oil Engines Ltd has a P/E ratio of 36.6, which is above the industry average of 35.80. The premium over industry average may reflect growth expectations or speculative interest.

Is Kirloskar Oil Engines Ltd financially healthy?

Key indicators for Kirloskar Oil Engines Ltd: ROCE of 13.7 % is moderate; ROE of 15.4 % shows strong shareholder returns. Dividend yield is 0.48 %.

Is Kirloskar Oil Engines Ltd profitable and how is the profit trend?

Kirloskar Oil Engines Ltd reported a net profit of ₹476 Cr in Mar 2025 on revenue of ₹6,349 Cr. Compared to ₹171 Cr in Mar 2022, the net profit shows an improving trend.

Does Kirloskar Oil Engines Ltd pay dividends?

Kirloskar Oil Engines Ltd has a dividend yield of 0.48 % at the current price of ₹1,367.00. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 3:13 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533293 | NSE: KIRLOSENG
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 Oil Engines 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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