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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kirloskar Oil Engines Ltd

About the Company - Kirloskar Oil Engines Ltd

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. 3299.66 Cr. and Equity Capital is Rs. 28.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
EnginesLaxmanrao Kirloskar Road, Khadki, Pune Maharashtra 411003investors@kirloskar.com
http://www.koel.co.in
Management
NamePosition Held
Mr. Atul C KirloskarChairman & Non-Exe.Director
Ms. Gauri KirloskarManaging Director
Mr. Rahul C KirloskarDirector
Mr. Arvind GoelAdditional Director
Mr. Mahesh R ChhabriaDirector
Mr. Vinesh Kumar JairathDirector
Mr. Satish JamdarDirector
Mr. Sunil Shah SinghDirector
Mr. Kandathil Mathew AbrahamDirector
Dr. Shalini SarinDirector
Mr. Yogesh KapurDirector
Mr. Purvi ShethDirector

Kirloskar Oil Engines Ltd. Share Price Update

Share PriceValue
Today₹849.70
Previous Day₹823.65

Basic Stock Data of Kirloskar Oil Engines Ltd

Market Cap 12,942 Cr.
Current Price 893
High / Low921/305
Stock P/E32.9
Book Value 171
Dividend Yield0.56 %
ROCE13.4 %
ROE14.7 %
Face Value 2.00

Data Source: screener.in

Kirloskar Oil Engines Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8289591,0878211,0011,0181,1821,1911,2281,2201,3841,5431,305
Expenses7198389417379049301,0391,0181,0481,0281,1961,2771,103
Operating Profit109121147849788143173181192188266201
OPM %13%13%13%10%10%9%12%15%15%16%14%17%15%
Other Income67-167586671178
Interest12161720222835424757647674
Depreciation20212326252525272626262730
Profit before tax829110644574091110113117109170105
Tax %28%27%26%26%27%27%25%26%27%24%27%26%26%
Net Profit606678324229688283887912678
EPS in Rs3.984.585.402.222.932.124.795.645.796.095.458.675.38

Kirloskar Oil Engines Ltd Quarterly Chart

Kirloskar Oil Engines Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,4642,6743,0553,6263,3793,2964,0225,0245,452
Expenses2,1872,3902,7903,2513,0852,9093,6104,2904,604
Operating Profit277283265376295387412734848
OPM %11%11%9%10%9%12%10%15%16%
Other Income498372635217272933
Interest9312131450106210272
Depreciation111111123948784101105108
Profit before tax205253203331245270232449501
Tax %19%31%33%34%23%27%26%26%
Net Profit165174136220188197171332371
EPS in Rs11.4412.029.6615.1612.8113.4812.0722.9625.59
Dividend Payout %44%42%52%33%31%30%33%22%

Kirloskar Oil Engines Ltd Profit & Loss Yearly Chart

Kirloskar Oil Engines Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:10%
3 Years:14%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:25%
3 Years:27%
TTM:42%
Stock Price CAGR
10 Years:16%
5 Years:35%
3 Years:74%
1 Year:151%
Return on Equity
10 Years:%
5 Years:11%
3 Years:11%
Last Year:15%

Kirloskar Oil Engines Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital292929292929292929
Reserves1,4151,5881,5471,6701,7161,8932,0532,2752,444
Borrowings712142901898491,9653,2443,328
Other Liabilities5195417838078251,0269751,1691,215
Total Liabilities1,9702,1702,5002,5952,7593,7975,0216,7177,017
Fixed Assets475440702663623698721689781
CWIP291530417855436944
Investments791988675711433834738658263
Other Assets6747271,0931,1801,6262,2103,5195,3025,928
Total Assets1,9702,1702,5002,5952,7593,7975,0216,7177,017

Kirloskar Oil Engines Ltd Reserves and Borrowings Chart

Kirloskar Oil Engines Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 99171136192-124-16-1,041-920
Cash from Investing Activity 82-1907-38233-465-3-145
Cash from Financing Activity -1762-96-153-435999501,182
Net Cash Flow6-1648167118-93117

Kirloskar Oil Engines Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2327484145494338
Inventory Days4949644969685464
Days Payable82779169701068079
Cash Conversion Cycle-10-0212143101723
Working Capital Days8213319564794108
ROCE %13%10%17%12%13%10%13%

Kirloskar Oil Engines Ltd Financial Efficiency Indicators Chart

Kirloskar Oil Engines Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters59.44%59.44%59.44%59.44%59.44%59.44%59.44%59.44%59.43%41.25%41.23%41.23%
FIIs10.25%6.23%6.25%6.38%1.33%1.04%1.02%2.64%3.60%6.04%6.17%7.79%
DIIs10.50%14.08%13.83%13.37%16.91%16.70%16.81%13.55%14.66%27.95%28.57%24.28%
Public19.80%20.24%20.48%20.81%22.32%22.82%22.73%24.38%22.31%24.76%24.03%26.69%
No. of Shareholders43,34442,04143,63146,20850,14052,71752,66957,25453,85256,26155,39472,798

Kirloskar Oil Engines Ltd Shareholding Pattern Chart

No. of Kirloskar Oil Engines Ltd Shareholders

Kirloskar Oil Engines Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Franklin India Flexi Cap Fund39000001.78212.04
Nippon India Small Cap Fund35714290.52194.18
HSBC Value Fund27628361.62150.22
DSP Small Cap Fund26583341.22144.53
Franklin India Smaller Companies Fund21082451.18114.63
Franklin India Taxshield18000001.8797.87
Franklin India Opportunities Fund12578314.5968.39
DSP Tiger Fund12171412.6866.18
Franklin Build India Fund11198473.9160.89
HSBC Multi Cap Fund7827952.3942.56

Kirloskar Oil Engines Ltd ROCE Trend

Kirloskar Oil Engines Ltd EPS Trend

Kirloskar Oil Engines Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)22.9812.0713.4812.8115.16
Diluted EPS (Rs.)22.8812.0713.4812.8115.16
Cash EPS (Rs.)30.0518.8019.4619.0321.72
Book Value[Excl.RevalReserv]/Share (Rs.)159.14143.96132.93120.69117.47
Book Value[Incl.RevalReserv]/Share (Rs.)159.14143.96132.93120.69117.47
Revenue From Operations / Share (Rs.)347.07278.15227.95233.71250.79
PBDIT / Share (Rs.)52.6630.3528.5022.8130.35
PBIT / Share (Rs.)45.4323.3522.7016.7723.82
PBT / Share (Rs.)30.9316.0118.6516.9322.92
Net Profit / Share (Rs.)22.8211.7913.6512.9915.19
NP After MI And SOA / Share (Rs.)22.9612.0713.4812.8115.16
PBDIT Margin (%)15.1710.9112.509.7512.10
PBIT Margin (%)13.088.399.957.179.49
PBT Margin (%)8.915.758.187.249.14
Net Profit Margin (%)6.574.245.985.556.05
NP After MI And SOA Margin (%)6.614.335.915.476.04
Return on Networth / Equity (%)14.438.3810.1410.6112.90
Return on Capital Employeed (%)15.6510.3912.8712.0318.31
Return On Assets (%)4.943.465.126.708.42
Long Term Debt / Equity (X)0.780.510.210.030.01
Total Debt / Equity (X)1.400.930.350.080.04
Asset Turnover Ratio (%)0.980.960.961.141.30
Current Ratio (X)1.361.541.832.252.44
Quick Ratio (X)1.141.331.531.702.01
Inventory Turnover Ratio (X)4.764.573.514.274.92
Dividend Payout Ratio (NP) (%)10.8833.1411.1231.2316.49
Dividend Payout Ratio (CP) (%)8.2720.977.7721.2211.53
Earning Retention Ratio (%)89.1266.8688.8868.7783.51
Cash Earning Retention Ratio (%)91.7379.0392.2378.7888.47
Interest Coverage Ratio (X)3.634.148.2223.2133.83
Interest Coverage Ratio (Post Tax) (X)2.572.615.1113.0617.93
Enterprise Value (Cr.)8640.883691.552797.801264.792406.37
EV / Net Operating Revenue (X)1.720.910.840.370.66
EV / EBITDA (X)11.348.416.793.845.48
MarketCap / Net Operating Revenue (X)1.130.470.710.370.69
Retention Ratios (%)89.1166.8588.8768.7683.50
Price / BV (X)2.470.911.230.721.49
Price / Net Operating Revenue (X)1.130.470.710.370.69
EarningsYield0.050.090.080.140.08

Kirloskar Oil Engines Ltd Profitability Ratios (%)

Kirloskar Oil Engines Ltd Liquidity Ratios

Kirloskar Oil Engines Ltd Liquidity Ratios (%)

Kirloskar Oil Engines Ltd Interest Coverage Ratios (%)

Kirloskar Oil Engines Ltd Valuation Ratios

Fair Value of Kirloskar Oil Engines Ltd Stock

Fair Value: ₹831.64

The stock is overvalued by 6.87% compared to the current price ₹893

*Investments are subject to market risks

Strength and Weakness of Kirloskar Oil Engines Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,844.56 cr) compared to borrowings (1,091.78 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (3.33 cr) and profit (298.78 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 26.41 and average Dividend Yield of 9.62%.
  2. The stock has a low average ROCE of 11.00%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 48.25, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 15.63, 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 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