Kirloskar Electric Company Ltd

₹ 144 5.71%

11 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 ₹ 953 Cr.
Current Price ₹ 144
High / Low ₹ 255 / 105
Stock P/E
Book Value ₹ 17.3
Dividend Yield 0.00 %
ROCE 8.35 %
ROE -6.05 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 8.31 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 12.0% over last 3 years.
Promoters have pledged 75.6% of their holding.
Earnings include an other income of Rs.17.7 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.

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Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	105.39	102.32	98.54	108.10	128.28	109.83	132.80	120.37	157.59	124.61	161.27	114.01	128.43
Operating Profit	-0.29	-0.06	11.95	7.65	16.77	7.74	12.38	5.70	10.94	8.86	0.20	5.74	0.70
OPM %	-0.28%	-0.06%	10.82%	6.61%	11.56%	6.58%	8.53%	4.52%	6.49%	6.64%	0.12%	4.79%	0.54%
	116.25	2.37	15.82	2.91	1.15	1.22	1.00	3.49	2.28	0.98	11.99	1.56	3.17
Interest	8.87	5.79	5.00	5.95	5.74	5.87	6.78	6.46	6.54	6.52	5.87	5.49	6.44
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	105.79	-4.71	21.52	3.38	10.89	1.83	5.32	1.51	5.42	2.00	5.09	0.57	-3.67
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	3.50%	-0.00%	-0.00%	4.90%
	105.79	-4.71	21.52	3.38	10.89	1.83	5.32	1.51	5.42	1.93	5.09	0.57	-3.85
EPS in Rs	15.93	-0.71	3.24	0.51	1.64	0.28	0.80	0.23	0.82	0.29	0.77	0.09	-0.58
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	991	510	548	572	370	295	314	278	335	474	557	544
	1,048	588	552	583	409	330	315	295	350	437	521	528
Operating Profit	-57	-77	-4	-11	-39	-36	-0	-17	-16	36	37	16
OPM %	-6%	-15%	-1%	-2%	-10%	-12%	-0%	-6%	-5%	8%	7%	3%
	29	-105	25	17	7	65	95	8	119	22	8	18
Interest	49	45	49	45	43	49	43	30	31	22	26	24
Depreciation	20	12	12	12	12	9	7	8	5	5	5	5
Profit before tax	-97	-240	-39	-52	-87	-28	45	-48	67	31	14	4
Tax %	-1%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	6%
	-97	-240	-39	-52	-87	-28	45	-48	67	31	14	4
EPS in Rs	-18.65	-45.19	-7.09	-7.88	-13.12	-4.21	6.82	-7.24	10.15	4.68	2.12	0.56
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:	13%
3 Years:	22%
TTM:	-142%

Stock Price CAGR
10 Years:	20%
5 Years:	70%
3 Years:	83%
1 Year:	-25%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	12%
Last Year:	-6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	72	-222	-256	5	-81	-158	-114	-33	10	25	16	48
	333	283	332	296	309	266	188	179	142	133	126	116
	488	318	310	366	320	303	347	415	397	388	433	370
Total Liabilities	942	432	441	733	614	478	487	628	616	614	641	601
	337	98	92	416	405	327	322	481	442	439	438	435
CWIP	2	2	0	-0	0	0	0	0	1	1	1	-0
Investments	2	1	1	1	1	1	1	2	2	2	2	2
	601	331	348	316	207	149	164	145	171	172	201	164
Total Assets	942	432	441	733	614	478	487	628	616	614	641	601

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	42	-45	-23	31	23	1	34	30	35	7	37	36
	-4	-2	19	2	5	62	69	6	103	2	-2	-1
	-10	10	8	-40	-27	-66	-107	-34	-109	-33	-31	-35
Net Cash Flow	28	-37	3	-7	-0	-2	-4	1	29	-24	4	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	74	118	112	91	67	53	63	63	42	42	56	39
Inventory Days	121	84	87	64	70	78	86	75	71	61	46	44
Days Payable	161	171	164	170	189	200	216	252	227	187	174	171
Cash Conversion Cycle	34	32	36	-15	-52	-69	-66	-114	-114	-84	-71	-88
Working Capital Days	-3	-11	-10	-79	-193	-298	-233	-313	-247	-138	-112	-118
ROCE %	-13%	-27%	-10%	-4%	-14%	-17%	1%	-13%	-1%	21%	18%	8%

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

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

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Shareholding Pattern

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