Kirloskar Electric Company Ltd

₹ 124 -2.62%

03 Jun - close price

kirloskarelectric.com BSE: 533193 NSE: KECL

About

Incorporated in 1946, Kirloskar Electric Company Ltd manufactures and sells electric motors, alternators, generators, transformers, switchgear, DG sets, etc.^[1]

Key Points

Diversified Electrical Equipment Manufacturer^[1]^[2]
KECL is engaged in manufacturing a broad range of electrical capital equipment, including AC/DC motors, EV motors, alternators, AC generators, switchgears, transformers, and DG sets. Its operations are organized into four key product groups:
a) Transformer and Distribution Group
b) Large Machine Group
c) Low Voltage Machine Group
d) Power Generation Group
Each group offers a diverse portfolio of specialized products. KECL also caters to the evolving electric mobility sector by supplying motors for electric vehicles and provides customized electrical solutions tailored to specific client requirements.

Website BSE NSE

Market Cap ₹ 823 Cr.
Current Price ₹ 124
High / Low ₹ 255 / 105
Stock P/E 111
Book Value ₹ 22.8
Dividend Yield 0.00 %
ROCE 12.7 %
ROE 5.77 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Tax rate seems low
Company has a low return on equity of 13.4% over last 3 years.
Promoters have pledged 75.6% of their holding.
Earnings include an other income of Rs.16.9 Cr.
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

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	105.10	102.26	110.49	115.75	145.05	117.57	145.18	126.07	168.53	133.47	161.47	119.75	129.13
	105.36	102.25	98.45	108.40	128.30	109.83	132.74	120.50	157.50	124.57	161.41	111.76	117.44
Operating Profit	-0.26	0.01	12.04	7.35	16.75	7.74	12.44	5.57	11.03	8.90	0.06	7.99	11.69
OPM %	-0.25%	0.01%	10.90%	6.35%	11.55%	6.58%	8.57%	4.42%	6.54%	6.67%	0.04%	6.67%	9.05%
	104.95	2.37	9.65	2.90	1.16	1.21	0.99	3.49	2.24	0.93	11.99	1.55	2.41
Interest	8.39	5.31	4.91	5.66	5.47	5.59	6.49	6.17	6.27	6.24	5.59	5.20	6.17
Depreciation	1.30	1.23	1.25	1.23	1.29	1.26	1.28	1.22	1.26	1.32	1.23	1.24	1.10
Profit before tax	95.00	-4.16	15.53	3.36	11.15	2.10	5.66	1.67	5.74	2.27	5.23	3.10	6.83
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.64%
	95.00	-4.16	15.53	3.36	11.15	2.10	5.66	1.67	5.74	2.27	5.23	3.10	6.65
EPS in Rs	14.30	-0.63	2.34	0.51	1.68	0.32	0.85	0.25	0.86	0.34	0.79	0.47	1.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	680	511	548	572	370	294	314	278	335	474	557	544
	684	589	530	582	419	326	369	356	350	437	521	515
Operating Profit	-5	-78	18	-11	-48	-32	-55	-78	-16	36	37	29
OPM %	-1%	-15%	3%	-2%	-13%	-11%	-17%	-28%	-5%	8%	7%	5%
	17	3	4	27	15	59	9	4	108	16	8	17
Interest	42	44	42	32	33	38	34	28	29	21	25	23
Depreciation	12	11	11	11	11	8	6	5	5	5	5	5
Profit before tax	-41	-130	-31	-27	-77	-19	-86	-108	58	26	15	17
Tax %	0%	0%	0%	-0%	0%	0%	0%	0%	0%	0%	0%	1%
	-41	-130	-31	-27	-77	-19	-86	-108	58	26	15	17
EPS in Rs	-8.12	-24.40	-5.59	-4.12	-11.57	-2.80	-12.95	-16.24	8.76	3.90	2.28	2.60
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	12%
3 Years:	18%
TTM:	-2%

Compounded Profit Growth
10 Years:	7%
5 Years:	16%
3 Years:	30%
TTM:	-51%

Stock Price CAGR
10 Years:	18%
5 Years:	66%
3 Years:	72%
1 Year:	-32%

Return on Equity
10 Years:	-37%
5 Years:	-21%
3 Years:	13%
Last Year:	6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	51	53	56	66	66	66	66	66	66	66	66	66
Reserves	104	-21	-47	212	137	69	-18	3	37	47	39	85
	210	229	231	214	241	204	175	170	133	125	118	107
	373	326	348	380	316	292	333	400	392	383	426	364
Total Liabilities	738	587	588	873	760	632	557	640	628	622	649	623
	120	90	85	409	400	323	318	481	442	439	438	435
CWIP	2	2	0	0	0	0	0	0	1	1	1	0
Investments	191	65	65	67	71	71	71	10	10	10	11	11
	425	430	438	396	289	238	168	148	176	171	200	176
Total Assets	738	587	588	873	760	632	557	640	628	622	649	623

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	63	-15	9	24	23	-7	48	37	24	10	36	37
	-19	-24	15	-4	-2	62	-0	-7	103	-2	-2	-2
	-16	2	-16	-27	-21	-58	-51	-29	-97	-32	-31	-35
Net Cash Flow	28	-36	9	-7	-0	-2	-3	1	30	-24	4	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	84	59	70	72	39	21	35	31	16	23	42	40
Inventory Days	107	83	87	63	70	78	86	75	71	60	46	43
Days Payable	194	170	162	170	188	200	216	252	227	187	174	171
Cash Conversion Cycle	-2	-27	-6	-35	-80	-100	-94	-146	-141	-103	-86	-88
Working Capital Days	1	-29	-39	-47	-136	-90	-198	-286	-235	-135	-109	-105
ROCE %	-3%	-27%	-4%	1%	-9%	-9%	-20%	-34%	-6%	19%	17%	13%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	49.51%	49.51%	49.51%	49.51%	49.51%	49.51%	49.51%	49.51%	49.51%	49.51%	49.60%	49.60%
	0.71%	4.02%	4.30%	4.29%	4.16%	3.83%	3.83%	3.85%	4.17%	4.03%	4.33%	3.97%
	1.77%	1.63%	1.62%	1.64%	1.55%	2.25%	2.11%	1.73%	1.61%	1.43%	1.21%	1.19%
	48.01%	44.84%	44.57%	44.55%	44.78%	44.41%	44.54%	44.90%	44.71%	45.03%	44.87%	45.24%
No. of Shareholders	58,393	60,227	61,243	62,212	65,238	67,454	72,766	80,248	83,876	88,712	88,482	88,565

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	49.43%	49.43%	49.50%	49.51%	49.51%	49.51%	49.51%	49.51%	49.60%
	1.94%	0.78%	0.71%	0.71%	0.71%	0.71%	4.29%	3.85%	3.97%
	5.51%	5.50%	5.29%	5.26%	4.88%	2.41%	1.64%	1.73%	1.19%
	43.12%	44.29%	44.50%	44.52%	44.90%	47.37%	44.55%	44.90%	45.24%
No. of Shareholders	45,823	54,650	53,297	51,515	52,159	57,901	62,212	80,248	88,565

* 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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Kirloskar Electric Company Ltd

Kirloskar Electric Company Ltd

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