Kirloskar Electric Company Ltd
Kirloskar Electric Company Ltd, established in 1946, is an electrical engineering company that produces AC Motors, DC Motors, Transformers, Switchgear, and Electronics. It caters to core sectors like power generation, transmission and distribution, transportation, renewable energy, sugar, steel, cement, and allied industries. [1] [2]
- Market Cap ₹ 1,229 Cr.
- Current Price ₹ 185
- High / Low ₹ 189 / 94.5
- Stock P/E 59.7
- Book Value ₹ 18.3
- Dividend Yield 0.00 %
- ROCE 19.0 %
- ROE 21.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 18.2% CAGR over last 5 years
Cons
- Stock is trading at 10.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.05% over past five years.
- Company has a low return on equity of -50.0% over last 3 years.
- Promoters have pledged 75.7% of their holding.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
872 | 802 | 680 | 511 | 548 | 572 | 370 | 294 | 314 | 278 | 335 | 474 | 534 | |
811 | 755 | 684 | 589 | 530 | 582 | 419 | 326 | 369 | 356 | 350 | 437 | 491 | |
Operating Profit | 61 | 47 | -5 | -78 | 18 | -11 | -48 | -32 | -55 | -78 | -16 | 36 | 42 |
OPM % | 7% | 6% | -1% | -15% | 3% | -2% | -13% | -11% | -17% | -28% | -5% | 8% | 8% |
6 | 9 | 17 | 3 | 4 | 27 | 15 | 59 | 9 | 4 | 108 | 16 | 7 | |
Interest | 38 | 34 | 42 | 44 | 42 | 32 | 33 | 38 | 34 | 28 | 29 | 21 | 24 |
Depreciation | 18 | 17 | 12 | 11 | 11 | 11 | 11 | 8 | 6 | 5 | 5 | 5 | 5 |
Profit before tax | 10 | 6 | -41 | -130 | -31 | -27 | -77 | -19 | -86 | -108 | 58 | 26 | 21 |
Tax % | 5% | 28% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
10 | 4 | -41 | -130 | -31 | -27 | -77 | -19 | -86 | -108 | 58 | 26 | 21 | |
EPS in Rs | 1.89 | 0.82 | -8.12 | -24.40 | -5.59 | -4.12 | -11.57 | -2.80 | -12.95 | -16.24 | 8.76 | 3.90 | 3.10 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | 5% |
3 Years: | 15% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 18% |
3 Years: | 31% |
TTM: | -81% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 64% |
3 Years: | 103% |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | -53% |
5 Years: | -56% |
3 Years: | -50% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 51 | 51 | 51 | 53 | 56 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 |
Reserves | 141 | 145 | 104 | -21 | -47 | 212 | 137 | 69 | -18 | 3 | 37 | 47 | 55 |
Preference Capital | 0 | 0 | 0 | 16 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
155 | 185 | 210 | 213 | 223 | 214 | 241 | 204 | 175 | 170 | 133 | 125 | 118 | |
338 | 324 | 373 | 342 | 356 | 380 | 316 | 292 | 333 | 400 | 392 | 383 | 395 | |
Total Liabilities | 685 | 704 | 738 | 587 | 588 | 873 | 760 | 632 | 557 | 640 | 628 | 622 | 634 |
145 | 131 | 120 | 90 | 85 | 409 | 400 | 323 | 318 | 481 | 442 | 439 | 438 | |
CWIP | 4 | 4 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Investments | 127 | 155 | 191 | 65 | 65 | 67 | 71 | 71 | 71 | 10 | 10 | 10 | 11 |
409 | 414 | 425 | 430 | 438 | 396 | 289 | 238 | 168 | 148 | 176 | 171 | 184 | |
Total Assets | 685 | 704 | 738 | 587 | 588 | 873 | 760 | 632 | 557 | 640 | 628 | 622 | 634 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
45 | 28 | 63 | -15 | 9 | 24 | 23 | -7 | 48 | 37 | 24 | 10 | |
-17 | -30 | -19 | -24 | 15 | -4 | -2 | 62 | -0 | -7 | 103 | -2 | |
-41 | -5 | -16 | 2 | -16 | -27 | -21 | -58 | -51 | -29 | -97 | -32 | |
Net Cash Flow | -13 | -6 | 28 | -36 | 9 | -7 | -0 | -2 | -3 | 1 | 30 | -24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 78 | 89 | 84 | 59 | 70 | 72 | 39 | 21 | 35 | 31 | 16 | 23 |
Inventory Days | 73 | 83 | 107 | 83 | 87 | 63 | 70 | 78 | 86 | 75 | 71 | 60 |
Days Payable | 126 | 149 | 194 | 170 | 162 | 170 | 188 | 200 | 216 | 252 | 227 | 187 |
Cash Conversion Cycle | 25 | 24 | -2 | -27 | -6 | -35 | -80 | -100 | -94 | -146 | -141 | -103 |
Working Capital Days | 9 | 24 | 1 | -29 | -39 | -47 | -136 | -90 | -198 | -286 | -235 | -133 |
ROCE % | 14% | 11% | -3% | -27% | -4% | 1% | -9% | -9% | -20% | -34% | -6% | 19% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7 May
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Clarification On Price Movement
4 May - The Company is committed to compliance and with regard to your queries we wish to submit as follows: a. The Company has been compliant with …
-
Clarification sought from Kirloskar Electric Company Ltd
4 May - Exchange has sought clarification from Kirloskar Electric Company Ltd on May 3, 2024 with reference to significant movement in price, in order to ensure that …
- Compliance Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 Received From Practicing Company Secretary For The Financial Year Ended March 31, 2024. 24 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Product Portfolio[1]
KECL is one of the leading manufacturers and suppliers of motors that are used in electric vehicles. It is also one of the leading manufacturers of Electrical Capital goods such as AC Motors, Generators, DC Machines, Transformers, and switchgear.