Kirloskar Electric Company Ltd

₹ 118 -3.43%

15 Oct - close price

kirloskarelectric.com BSE: 533193 NSE: KECL

About

Kirloskar Electric Company Ltd (KECL), incorporated in 1946, manufactures motors, generators/alternators, transformers, switch
gear, traction equipment, drives/electronics,
DG sets and engineered electrical systems.^[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 ₹ 828 Cr.
Current Price ₹ 118
High / Low ₹ 155 / 74.9
Stock P/E 69.2
Book Value ₹ 19.9
Dividend Yield 0.00 %
ROCE 14.6 %
ROE 6.81 %
Face Value ₹ 10.0

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Pros

Promoter holding has increased by 2.50% over last quarter.

Cons

Stock is trading at 5.94 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Company has a low return on equity of 5.90% over last 3 years.
Promoters have pledged 57.5% 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

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

Part of BSE Industrials

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	117.57	145.18	126.07	168.53	133.47	161.47	119.75	129.13	132.24	142.11	151.42	163.57	103.85
	109.83	132.74	120.50	157.50	124.57	161.41	111.76	117.44	125.37	135.67	135.61	157.12	104.22
Operating Profit	7.74	12.44	5.57	11.03	8.90	0.06	7.99	11.69	6.87	6.44	15.81	6.45	-0.37
OPM %	6.58%	8.57%	4.42%	6.54%	6.67%	0.04%	6.67%	9.05%	5.20%	4.53%	10.44%	3.94%	-0.36%
	1.21	0.99	3.49	2.24	0.93	11.99	1.55	2.41	0.96	7.09	-4.40	0.81	0.68
Interest	5.59	6.49	6.17	6.27	6.24	5.59	5.20	6.17	6.07	6.15	5.74	6.66	5.25
Depreciation	1.26	1.28	1.22	1.26	1.32	1.23	1.24	1.10	1.07	1.08	1.06	1.13	1.01
Profit before tax	2.10	5.66	1.67	5.74	2.27	5.23	3.10	6.83	0.69	6.30	4.61	-0.53	-5.95
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.64%	0.00%	0.00%	4.56%	16.98%	0.67%
	2.10	5.66	1.67	5.74	2.27	5.23	3.10	6.65	0.69	6.30	4.40	-0.62	-5.99
EPS in Rs	0.32	0.85	0.25	0.86	0.34	0.79	0.47	1.00	0.10	0.95	0.66	-0.09	-0.90
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	511	548	572	370	294	314	278	335	474	557	544	589	561
	589	530	582	419	326	369	356	350	437	521	524	554	533
Operating Profit	-78	18	-11	-48	-32	-55	-78	-16	36	37	20	36	28
OPM %	-15%	3.3%	-1.9%	-13%	-11%	-17%	-28%	-4.7%	8%	7%	3.6%	6%	5%
	3	4	27	15	59	9	4	108	16	8	17	3	4
Interest	44	42	32	33	38	34	28	29	21	25	24	25	24
Depreciation	11	11	11	11	8	6	5	5	5	5	5	4	4
Profit before tax	-130	-31	-27	-77	-19	-86	-108	58	26	15	7	9	4
Tax %	0%	0%	-0%	0%	0%	0%	0%	0%	0%	0%	3%	3%
	-130	-31	-27	-77	-19	-86	-108	58	26	15	7	8	4
EPS in Rs	-24.40	-5.59	-4.12	-11.57	-2.80	-12.95	-16.24	8.76	3.90	2.28	1.08	1.27	0.62
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	16%
3 Years:	8%
TTM:	3%

Compounded Profit Growth
10 Years:	8%
5 Years:	16%
3 Years:	-28%
TTM:	109%

Stock Price CAGR
10 Years:	6%
5 Years:	37%
3 Years:	-4%
1 Year:	-1%

Return on Equity
10 Years:	-30%
5 Years:	0%
3 Years:	6%
Last Year:	7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	53	56	66	66	66	66	66	66	66	66	66	66
Reserves	-21	-47	212	137	69	-18	3	37	47	39	59	66
	229	231	214	241	204	175	170	133	125	118	116	100
	326	348	380	316	292	333	400	392	383	426	371	402
Total Liabilities	587	588	873	760	632	557	640	628	622	649	613	635
	90	85	409	400	323	318	481	442	439	438	435	432
CWIP	2	0	0	0	0	0	0	1	1	1	11	5
Investments	65	65	67	71	71	71	10	10	10	11	2	2
	430	438	396	289	238	168	148	176	171	200	165	196
Total Assets	587	588	873	760	632	557	640	628	622	649	613	635

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-15	9	24	23	-7	48	37	24	10	36	48	26
	-24	15	-4	-2	62	-0	-7	103	-2	-2	-21	17
	2	-16	-27	-21	-58	-51	-29	-97	-32	-31	-27	-41
Net Cash Flow	-36	9	-7	-0	-2	-3	1	30	-24	4	0	2
Free Cash Flow	-15	9	24	23	51	47	35	59	8	34	44	37
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	19%	50%	-226%	-47%	19%	-84%	-46%	-163%	28%	96%	250%	77%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	59	70	72	39	21	35	31	16	23	42	40	52
Inventory Days	83	87	63	70	78	86	75	71	60	46	45	49
Days Payable	170	162	170	188	200	216	252	227	187	174	171	164
Cash Conversion Cycle	-27	-6	-35	-80	-100	-94	-146	-141	-103	-86	-87	-63
Working Capital Days	-141	-135	-142	-306	-218	-335	-479	-380	-231	-186	-195	-163
ROCE %	-27%	-4%	1%	-9%	-9%	-20%	-34%	-6%	19%	17%	9%	15%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Export of goods (FOB value)
INR lakh

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Others segment revenue
INR lakh

Power Generation and Distribution Group segment revenue
INR lakh

Rotating Machines Group segment revenue
INR lakh

Number of manufacturing units
count

Permanent employees on rolls
count

Order book
INR crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	49.51%	49.51%	49.51%	49.51%	49.60%	49.60%	49.60%	49.60%	49.60%	49.74%	49.74%	52.24%
	3.83%	3.85%	4.17%	4.03%	4.33%	3.97%	3.85%	4.02%	3.86%	4.02%	4.06%	4.09%
	2.11%	1.73%	1.61%	1.43%	1.21%	1.19%	1.19%	1.19%	1.19%	1.19%	1.25%	1.51%
	44.54%	44.90%	44.71%	45.03%	44.87%	45.24%	45.36%	45.20%	45.34%	45.05%	44.94%	42.17%
No. of Shareholders	72,766	80,248	83,876	88,712	88,482	88,565	87,967	86,293	86,080	85,217	82,178	79,830

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	49.43%	49.43%	49.50%	49.51%	49.51%	49.51%	49.51%	49.51%	49.60%	49.74%	52.24%
	1.94%	0.78%	0.71%	0.71%	0.71%	0.71%	4.29%	3.85%	3.97%	4.02%	4.09%
	5.51%	5.50%	5.29%	5.26%	4.88%	2.41%	1.64%	1.73%	1.19%	1.19%	1.51%
	43.12%	44.29%	44.50%	44.52%	44.90%	47.37%	44.55%	44.90%	45.24%	45.05%	42.17%
No. of Shareholders	45,823	54,650	53,297	51,515	52,159	57,901	62,212	80,248	88,565	85,217	79,830

* 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

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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