Kirloskar Pneumatic Company Ltd
Kirloskar Pneumatic Company Ltd, incorporated in 1958, is part of the Pune-based Kirloskar group. The Co. is engaged in the business of Compression & Transmission segments. It also undertakes O&M services for Compression Packages and has also entered logistic services by operating RoadRailer trains for end to end transportation of goods. It serves a variety of sectors like Oil & Gas, Steel, Cement, Food & Beverages, Railways, Marine and other industries. [1] [2]
- Market Cap ₹ 4,586 Cr.
- Current Price ₹ 708
- High / Low ₹ 760 / 541
- Stock P/E 43.6
- Book Value ₹ 126
- Dividend Yield 0.78 %
- ROCE 19.5 %
- ROE 14.6 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 32.8%
Cons
- Company has a low return on equity of 13.2% over last 3 years.
- Promoter holding has decreased over last 3 years: -14.9%
* 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-Non Electrical Equipment Industry: Compressors / Drilling 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
666 | 549 | 510 | 441 | 509 | 514 | 600 | 710 | 829 | 823 | 1,021 | 1,239 | 1,192 | |
576 | 477 | 450 | 411 | 458 | 452 | 526 | 621 | 731 | 708 | 880 | 1,072 | 1,034 | |
Operating Profit | 91 | 72 | 60 | 29 | 51 | 62 | 75 | 90 | 98 | 115 | 141 | 168 | 159 |
OPM % | 14% | 13% | 12% | 7% | 10% | 12% | 12% | 13% | 12% | 14% | 14% | 14% | 13% |
14 | 14 | 16 | 19 | 21 | 28 | 16 | 14 | 10 | 10 | 12 | 11 | 16 | |
Interest | 4 | 3 | 2 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 2 | 0 |
Depreciation | 12 | 11 | 13 | 19 | 19 | 17 | 17 | 22 | 33 | 38 | 35 | 34 | 36 |
Profit before tax | 88 | 71 | 61 | 28 | 52 | 71 | 73 | 80 | 72 | 84 | 114 | 143 | 139 |
Tax % | 30% | 33% | 37% | 21% | 30% | 25% | 31% | 31% | 26% | 24% | 26% | 24% | |
62 | 47 | 39 | 23 | 36 | 54 | 50 | 55 | 53 | 64 | 85 | 109 | 105 | |
EPS in Rs | 9.64 | 7.34 | 6.05 | 3.52 | 5.67 | 8.38 | 7.78 | 8.60 | 8.33 | 9.93 | 13.18 | 16.80 | 16.28 |
Dividend Payout % | 25% | 33% | 33% | 28% | 25% | 24% | 31% | 29% | 32% | 35% | 30% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 16% |
3 Years: | 14% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 17% |
3 Years: | 26% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 28% |
3 Years: | 38% |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 15% |
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 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 217 | 246 | 270 | 283 | 309 | 413 | 449 | 481 | 482 | 576 | 646 | 782 | 806 |
12 | 6 | 0 | 0 | 0 | 0 | 1 | 1 | 28 | 40 | 1 | 1 | 1 | |
241 | 216 | 187 | 200 | 181 | 170 | 273 | 254 | 252 | 296 | 365 | 333 | 374 | |
Total Liabilities | 483 | 481 | 470 | 496 | 503 | 596 | 736 | 748 | 775 | 924 | 1,025 | 1,130 | 1,194 |
91 | 102 | 114 | 97 | 82 | 79 | 75 | 122 | 207 | 175 | 229 | 223 | 219 | |
CWIP | 2 | 0 | 0 | 1 | 1 | 37 | 68 | 64 | 9 | 8 | 11 | 24 | 39 |
Investments | 103 | 113 | 121 | 115 | 155 | 218 | 199 | 196 | 138 | 223 | 205 | 246 | 298 |
288 | 266 | 235 | 283 | 266 | 261 | 395 | 366 | 422 | 518 | 579 | 637 | 637 | |
Total Assets | 483 | 481 | 470 | 496 | 503 | 596 | 736 | 748 | 775 | 924 | 1,025 | 1,130 | 1,194 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
75 | 41 | 36 | 3 | 53 | 17 | 63 | 53 | 10 | 57 | 109 | 40 | |
-52 | -25 | -21 | 18 | -30 | -10 | -15 | -56 | -6 | -49 | -46 | -11 | |
-25 | -25 | -18 | -15 | -18 | -5 | -14 | -26 | -6 | 10 | -72 | -28 | |
Net Cash Flow | -2 | -9 | -3 | 6 | 4 | 2 | 33 | -30 | -2 | 18 | -9 | 0 |
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 | 74 | 88 | 102 | 147 | 109 | 93 | 127 | 94 | 83 | 137 | 107 | 97 |
Inventory Days | 77 | 93 | 58 | 94 | 78 | 103 | 105 | 94 | 131 | 93 | 132 | 93 |
Days Payable | 100 | 109 | 103 | 155 | 127 | 132 | 191 | 130 | 113 | 118 | 111 | 82 |
Cash Conversion Cycle | 50 | 71 | 57 | 86 | 60 | 64 | 41 | 58 | 101 | 111 | 128 | 107 |
Working Capital Days | 7 | 16 | 26 | 53 | 43 | 43 | 32 | 37 | 62 | 78 | 66 | 82 |
ROCE % | 41% | 29% | 22% | 7% | 16% | 17% | 16% | 17% | 15% | 15% | 18% | 20% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 19 Mar
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 18 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 14 Mar
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 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jan 2024TranscriptPPT
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Jul 2022TranscriptNotesPPT
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Feb 2022TranscriptPPT
Market Share
The Co. is the market leader in CNG systems and oil and gas refrigeration in India, having a market share of over 60% in both business segments. It is the world's largest manufacturer of industrial gas compressors. [1] The Co. has a 70% market share in Indian ammonia refrigeration compressor segment. [2]