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Last Updated on: 21 June, 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

Basic Stock Data of Kirloskar Oil Engines Ltd

Last Updated: June 20, 2024, 10:40 pm

Market Cap 19,468 Cr.
Current Price 1,341
High / Low1,430/382
Stock P/E43.2
Book Value 185
Dividend Yield0.37 %
ROCE15.2 %
ROE18.1 %
Face Value 2.00
PEG Ratio2.89

Kirloskar Oil Engines Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9591,0878211,0011,0181,1821,1911,2281,2201,3841,5431,3051,390
Expenses8389417379049301,0391,0181,0481,0281,1961,2771,1031,133
Operating Profit121147849788143173181192188266201257
OPM %13%13%10%10%9%12%15%15%16%14%17%15%18%
Other Income7-167586671178-23
Interest16172022283542475764767481
Depreciation21232625252527262626273031
Profit before tax9110644574091110113117109170105122
Tax %27%26%26%27%27%25%26%27%24%27%26%26%26%
Net Profit667832422968828388791267889
EPS in Rs4.585.402.222.932.124.795.645.796.095.458.675.386.20

Last Updated: June 5, 2024, 1:51 pm

Kirloskar Oil Engines Ltd Quarterly Chart

Kirloskar Oil Engines Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,4642,6743,0553,6263,3793,2964,0225,0245,622
Expenses2,1872,3902,7903,2513,0852,9093,6104,2904,710
Operating Profit277283265376295387412734913
OPM %11%11%9%10%9%12%10%15%16%
Other Income49837263521727293
Interest9312131450106210296
Depreciation111111123948784101105114
Profit before tax205253203331245270232449506
Tax %19%31%33%34%23%27%26%26%
Net Profit165174136220188197171332372
EPS in Rs11.4412.029.6615.1612.8113.4812.0722.9625.70
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:21%
TTM:17%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:33%
TTM:40%
Stock Price CAGR
10 Years:19%
5 Years:48%
3 Years:79%
1 Year:221%
Return on Equity
10 Years:%
5 Years:13%
3 Years:14%
Last Year:18%

Last Updated: June 15, 2024, 4:34 pm

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters59.44%59.44%59.44%59.44%59.44%59.44%59.43%41.25%41.23%41.23%41.22%41.21%
FIIs6.25%6.38%1.33%1.04%1.02%2.64%3.60%6.04%6.17%7.79%9.06%9.77%
DIIs13.83%13.37%16.91%16.70%16.81%13.55%14.66%27.95%28.57%24.28%24.37%25.17%
Public20.48%20.81%22.32%22.82%22.73%24.38%22.31%24.76%24.03%26.69%25.36%23.86%
No. of Shareholders43,63146,20850,14052,71752,66957,25453,85256,26155,39472,79868,89177,565

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)Previous Number of SharesPrevious DatePercentage Change
Franklin India Flexi Cap Fund3,900,0001.78212.043,900,0002024-06-190%
Nippon India Small Cap Fund3,571,4290.52194.183,900,0002024-06-19-8.42%
HSBC Value Fund2,762,8361.62150.223,900,0002024-06-19-29.16%
DSP Small Cap Fund2,658,3341.22144.533,900,0002024-06-19-31.84%
Franklin India Smaller Companies Fund2,108,2451.18114.633,900,0002024-06-19-45.94%
Franklin India Taxshield1,800,0001.8797.873,900,0002024-06-19-53.85%
Franklin India Opportunities Fund1,257,8314.5968.393,900,0002024-06-19-67.75%
DSP Tiger Fund1,217,1412.6866.183,900,0002024-06-19-68.79%
Franklin Build India Fund1,119,8473.9160.893,900,0002024-06-19-71.29%
HSBC Multi Cap Fund782,7952.3942.563,900,0002024-06-19-79.93%

Kirloskar Oil Engines Ltd ROCE Trend

Kirloskar Oil Engines Ltd EPS Trend

Kirloskar Oil Engines Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)30.5022.9812.0713.4812.81
Diluted EPS (Rs.)30.4622.8812.0713.4812.81
Cash EPS (Rs.)38.4430.0518.8019.4619.03
Book Value[Excl.RevalReserv]/Share (Rs.)183.53159.14143.96132.93120.69
Book Value[Incl.RevalReserv]/Share (Rs.)183.53159.14143.96132.93120.69
Revenue From Operations / Share (Rs.)406.92347.07278.15227.95233.71
PBDIT / Share (Rs.)72.8752.6630.3528.5022.81
PBIT / Share (Rs.)64.6745.4323.3522.7016.77
PBT / Share (Rs.)40.9730.9316.0118.6516.93
Net Profit / Share (Rs.)30.2422.8211.7913.6512.99
NP After MI And SOA / Share (Rs.)30.4822.9612.0713.4812.81
PBDIT Margin (%)17.9015.1710.9112.509.75
PBIT Margin (%)15.8913.088.399.957.17
PBT Margin (%)10.068.915.758.187.24
Net Profit Margin (%)7.436.574.245.985.55
NP After MI And SOA Margin (%)7.496.614.335.915.47
Return on Networth / Equity (%)16.5114.438.3810.1410.61
Return on Capital Employeed (%)19.8115.6510.3912.8712.03
Return On Assets (%)5.334.943.465.126.70
Long Term Debt / Equity (X)0.730.780.510.210.03
Total Debt / Equity (X)1.551.400.930.350.08
Asset Turnover Ratio (%)0.780.980.960.961.14
Current Ratio (X)1.051.361.541.832.25
Quick Ratio (X)0.861.141.331.531.70
Inventory Turnover Ratio (X)4.604.764.573.514.27
Dividend Payout Ratio (NP) (%)0.0010.8833.1411.1231.23
Dividend Payout Ratio (CP) (%)0.008.2720.977.7721.22
Earning Retention Ratio (%)0.0089.1266.8688.8868.77
Cash Earning Retention Ratio (%)0.0091.7379.0392.2378.78
Interest Coverage Ratio (X)3.223.634.148.2223.21
Interest Coverage Ratio (Post Tax) (X)2.382.572.615.1113.06
Enterprise Value (Cr.)16075.258640.883691.552797.801264.79
EV / Net Operating Revenue (X)2.731.720.910.840.37
EV / EBITDA (X)15.2211.348.416.793.84
MarketCap / Net Operating Revenue (X)2.111.130.470.710.37
Retention Ratios (%)0.0089.1166.8588.8768.76
Price / BV (X)4.652.470.911.230.72
Price / Net Operating Revenue (X)2.111.130.470.710.37
EarningsYield0.030.050.090.080.14

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

Fair Value: 1,451.90

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: 8.27% compared to the current price 1341

Intrinsic Value: 1,668.84

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: 24.45% compared to the current price ₹1341

Last 5 Year EPS CAGR: 14.94%

*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 (299.33 cr) over the years.
  1. The stock has a low average ROCE of 11.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 48.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 15.63, which may not be favorable.

FAQ

What is the latest fair value of Kirloskar Oil Engines Ltd?

The latest fair value of Kirloskar Oil Engines Ltd is ₹1451.90.

What is the Market Cap of Kirloskar Oil Engines Ltd?

The Market Cap of Kirloskar Oil Engines Ltd is 19,468 Cr..

What is the current Stock Price of Kirloskar Oil Engines Ltd as on 21 June 2024?

The current stock price of Kirloskar Oil Engines Ltd as on 21 June 2024 is ₹1,341.

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

In FY 2024, the High / Low of Kirloskar Oil Engines Ltd stocks is 1,430/382.

What is the Stock P/E of Kirloskar Oil Engines Ltd?

The Stock P/E of Kirloskar Oil Engines Ltd is 43.2.

What is the Book Value of Kirloskar Oil Engines Ltd?

The Book Value of Kirloskar Oil Engines Ltd is 185.

What is the Dividend Yield of Kirloskar Oil Engines Ltd?

The Dividend Yield of Kirloskar Oil Engines Ltd is 0.37 %.

What is the ROCE of Kirloskar Oil Engines Ltd?

The ROCE of Kirloskar Oil Engines Ltd is 15.2 %.

What is the ROE of Kirloskar Oil Engines Ltd?

The ROE of Kirloskar Oil Engines Ltd is 18.1 %.

What is the Face Value of Kirloskar Oil Engines Ltd?

The Face Value of Kirloskar Oil Engines Ltd is 2.00.

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