Kirloskar Electric Company Ltd
Incorporated in 1946, Kirloskar Electric Company Ltd manufactures and sells electric motors, alternators, generators, transformers, switchgear, DG sets, etc.[1]
- Market Cap ₹ 612 Cr.
- Current Price ₹ 92.1
- High / Low ₹ 152 / 75.5
- Stock P/E 36.5
- Book Value ₹ 23.8
- Dividend Yield 0.00 %
- ROCE 12.7 %
- ROE 5.77 %
- Face Value ₹ 10.0
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.12.0 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
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 680 | 511 | 548 | 572 | 370 | 294 | 314 | 278 | 335 | 474 | 557 | 544 | 523 | |
| 684 | 589 | 530 | 582 | 419 | 326 | 369 | 356 | 350 | 437 | 521 | 515 | 490 | |
| Operating Profit | -5 | -78 | 18 | -11 | -48 | -32 | -55 | -78 | -16 | 36 | 37 | 29 | 33 |
| OPM % | -1% | -15% | 3% | -2% | -13% | -11% | -17% | -28% | -5% | 8% | 7% | 5% | 6% |
| 17 | 3 | 4 | 27 | 15 | 59 | 9 | 4 | 108 | 16 | 8 | 17 | 12 | |
| Interest | 42 | 44 | 42 | 32 | 33 | 38 | 34 | 28 | 29 | 21 | 25 | 23 | 24 |
| Depreciation | 12 | 11 | 11 | 11 | 11 | 8 | 6 | 5 | 5 | 5 | 5 | 5 | 4 |
| Profit before tax | -41 | -130 | -31 | -27 | -77 | -19 | -86 | -108 | 58 | 26 | 15 | 17 | 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 | 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 | 2.52 |
| 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: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 16% |
| 3 Years: | 30% |
| TTM: | 238% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 46% |
| 3 Years: | 10% |
| 1 Year: | -36% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51 | 53 | 56 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 |
| Reserves | 104 | -21 | -47 | 212 | 137 | 69 | -18 | 3 | 37 | 47 | 39 | 85 | 92 |
| 210 | 229 | 231 | 214 | 241 | 204 | 175 | 170 | 133 | 125 | 118 | 107 | 96 | |
| 373 | 326 | 348 | 380 | 316 | 292 | 333 | 400 | 392 | 383 | 426 | 365 | 372 | |
| Total Liabilities | 738 | 587 | 588 | 873 | 760 | 632 | 557 | 640 | 628 | 622 | 649 | 624 | 626 |
| 120 | 90 | 85 | 409 | 400 | 323 | 318 | 481 | 442 | 439 | 438 | 435 | 434 | |
| CWIP | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 3 |
| Investments | 191 | 65 | 65 | 67 | 71 | 71 | 71 | 10 | 10 | 10 | 11 | 11 | 11 |
| 425 | 430 | 438 | 396 | 289 | 238 | 168 | 148 | 176 | 171 | 200 | 178 | 179 | |
| Total Assets | 738 | 587 | 588 | 873 | 760 | 632 | 557 | 640 | 628 | 622 | 649 | 624 | 626 |
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 | 44 |
| 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 | -87 |
| Working Capital Days | -73 | -141 | -135 | -142 | -306 | -218 | -335 | -479 | -380 | -231 | -186 | -176 |
| ROCE % | -3% | -27% | -4% | 1% | -9% | -9% | -20% | -34% | -6% | 19% | 17% | 13% |
Documents
Announcements
-
Disclosure Under Regulation 30(2) Of The SEBI (LODR) Regulations, 2015.
5 Feb - Remitted Rs.71,12,812 to EPFO under Section 7Q (Sep 2018–Oct 2023); debited from Bank of India.
-
Board Meeting Intimation for To Consider And Approve The Ind-AS Compliant Unaudited Financial Results For The Quarter & Nine Months Ended December 31, 2025.
5 Feb - Board meeting Feb 11, 2026 to approve Q3/9M Dec 31, 2025 Ind-AS results; trading window closed until Feb 13, 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Confirmation certificate under Reg 74(5) for quarter ended Dec 31, 2025 from RTA.
- Closure of Trading Window 29 Dec 2025
-
Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 Read With Schedule III;
26 Dec 2025 - Addendum (26 Dec 2025) to sale of 1.06-acre Hubli property; buyers two individuals; consideration unchanged.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Concalls
-
Sep 2024TranscriptPPT
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.