Kirloskar Pneumatic Company Ltd

Kirloskar Pneumatic Company Ltd

₹ 1,069 17.62%
26 Apr - close price
About

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]

Key Points

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]

  • Market Cap 6,889 Cr.
  • Current Price 1,069
  • High / Low 1,096 / 541
  • Stock P/E 202
  • Book Value 51.2
  • Dividend Yield 0.51 %
  • ROCE 14.9 %
  • ROE 10.8 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.8%

Cons

  • Stock is trading at 20.8 times its book value
  • The company has delivered a poor sales growth of 0.74% over past five years.
  • Company has a low return on equity of 9.32% over last 3 years.
  • Earnings include an other income of Rs.19.1 Cr.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Dec 2011 Mar 2012 Mar 2013 Dec 2013 Mar 2014 Dec 2014 Mar 2015 Dec 2015 Mar 2016
190 138 195 150 92 138 102 178 104 184
151 119 175 129 87 114 94 150 96 152
Operating Profit 39 19 20 21 5 24 8 28 7 31
OPM % 20% 14% 10% 14% 5% 17% 8% 16% 7% 17%
1 1 1 2 1 3 1 5 5 3
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 5 3 4 2 3 4 5 5 5 6
Profit before tax 35 17 18 21 2 24 4 28 7 29
Tax % 33% 31% 30% 37% 23% 45% 42% 29% 28% 34%
23 12 13 16 2 14 3 21 5 21
EPS in Rs 3.66 1.80 1.97 2.41 0.29 2.21 0.39 3.32 0.80 3.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
490 666 538 484 441 509
417 576 466 426 412 458
Operating Profit 73 91 72 57 29 51
OPM % 15% 14% 13% 12% 7% 10%
10 13 13 15 14 19
Interest 6 4 3 2 1 1
Depreciation 12 12 11 13 19 19
Profit before tax 65 88 70 58 23 50
Tax % 33% 30% 34% 39% 26% 31%
44 62 49 37 18 37
EPS in Rs 6.84 9.64 7.58 5.69 2.79 5.73
Dividend Payout % 35% 25% 32% 35% 36% 24%
Compounded Sales Growth
10 Years: %
5 Years: 1%
3 Years: -2%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: -11%
TTM: 145%
Stock Price CAGR
10 Years: 28%
5 Years: 42%
3 Years: 59%
1 Year: 83%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 9%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Equity Capital 13 13 13 13 13 13
Reserves 174 217 258 280 290 316
18 12 6 0 0 0
252 241 216 187 200 181
Total Liabilities 457 483 494 480 503 510
85 91 102 114 97 82
CWIP 4 2 0 27 30 30
Investments 61 103 125 134 121 161
307 288 266 205 255 237
Total Assets 457 483 494 480 503 510

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
81 75 41 63 3 53
-48 -52 -25 -48 20 -30
-31 -25 -25 -18 -15 -18
Net Cash Flow 1 -2 -9 -3 8 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 107 74 90 83 119 85
Inventory Days 110 77 93 58 94 78
Days Payable 136 100 109 103 155 127
Cash Conversion Cycle 82 50 73 38 58 36
Working Capital Days 15 7 16 4 29 22
ROCE % 41% 28% 20% 6% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.75% 53.74% 53.71% 53.67% 53.63% 39.13% 39.10% 39.00% 39.00% 38.98% 38.93% 38.93%
0.09% 0.11% 0.15% 0.20% 0.17% 0.45% 0.56% 0.51% 0.40% 1.14% 1.28% 1.70%
20.69% 19.75% 18.92% 19.11% 19.13% 28.32% 28.67% 29.28% 30.87% 31.75% 32.30% 32.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02%
25.47% 26.40% 27.23% 27.02% 27.07% 32.09% 31.69% 31.21% 29.75% 28.13% 27.50% 27.21%
No. of Shareholders 26,36325,97725,82825,79125,97428,57629,30629,34325,64327,00027,79429,075

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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