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 ₹ 655 Cr.
- Current Price ₹ 98.9
- High / Low ₹ 200 / 96.0
- Stock P/E 92.0
- Book Value ₹ 18.8
- Dividend Yield 0.00 %
- ROCE 8.35 %
- ROE -6.12 %
- 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.
- Company has a low return on equity of 12.0% over last 3 years.
- Promoters have pledged or encumbered 75.6% of their holding.
- Earnings include an other income of Rs.16.8 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 SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 991 | 510 | 548 | 572 | 370 | 295 | 314 | 278 | 335 | 474 | 557 | 544 | 523 | |
| 1,048 | 588 | 552 | 583 | 409 | 330 | 315 | 295 | 350 | 437 | 521 | 528 | 504 | |
| Operating Profit | -57 | -77 | -4 | -11 | -39 | -36 | -0 | -17 | -16 | 36 | 37 | 16 | 20 |
| OPM % | -6% | -15% | -1% | -2% | -10% | -12% | -0% | -6% | -5% | 8% | 7% | 3% | 4% |
| 29 | -105 | 25 | 17 | 7 | 65 | 95 | 8 | 119 | 22 | 8 | 18 | 17 | |
| Interest | 49 | 45 | 49 | 45 | 43 | 49 | 43 | 30 | 31 | 22 | 26 | 24 | 25 |
| Depreciation | 20 | 12 | 12 | 12 | 12 | 9 | 7 | 8 | 5 | 5 | 5 | 5 | 4 |
| Profit before tax | -97 | -240 | -39 | -52 | -87 | -28 | 45 | -48 | 67 | 31 | 14 | 4 | 7 |
| 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 | 7 | |
| 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 | 1.07 |
| 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: | 13% |
| 3 Years: | 22% |
| TTM: | 78% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 44% |
| 3 Years: | 15% |
| 1 Year: | -43% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51 | 53 | 56 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 |
| Reserves | 72 | -222 | -256 | 5 | -81 | -158 | -114 | -33 | 10 | 25 | 16 | 48 | 59 |
| 333 | 283 | 332 | 296 | 309 | 266 | 188 | 179 | 142 | 133 | 126 | 116 | 104 | |
| 488 | 318 | 310 | 366 | 320 | 303 | 347 | 415 | 397 | 388 | 433 | 372 | 379 | |
| Total Liabilities | 942 | 432 | 441 | 733 | 614 | 478 | 487 | 628 | 616 | 614 | 641 | 602 | 609 |
| 337 | 98 | 92 | 416 | 405 | 327 | 322 | 481 | 442 | 439 | 438 | 435 | 434 | |
| CWIP | 2 | 2 | 0 | -0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | -0 | 3 |
| Investments | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| 601 | 331 | 348 | 316 | 207 | 149 | 164 | 145 | 171 | 172 | 201 | 165 | 170 | |
| Total Assets | 942 | 432 | 441 | 733 | 614 | 478 | 487 | 628 | 616 | 614 | 641 | 602 | 609 |
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 | 45 |
| 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 | -87 |
| Working Capital Days | -80 | -123 | -106 | -174 | -363 | -443 | -381 | -517 | -402 | -241 | -196 | -195 |
| ROCE % | -13% | -27% | -10% | -4% | -14% | -17% | 1% | -13% | -1% | 21% | 18% | 8% |
Documents
Announcements
- Closure of Trading Window 1d
-
Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 Read With Schedule III;
26 Dec - Addendum (26 Dec 2025) to sale of 1.06-acre Hubli property; buyers two individuals; consideration unchanged.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 23 Dec
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
23 Dec - Shareholders approved revision to CFO Sanjeev Kumar Shivappa’s remuneration; postal ballot concluded Dec 21, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Nov - Newspaper publication regarding notice of postal ballot.
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.