Kirloskar Electric Company Ltd

₹ 118 -2.00%

29 May - 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 - BE

Market Cap ₹ 782 Cr.
Current Price ₹ 118
High / Low ₹ 152 / 74.9
Stock P/E 48.3
Book Value ₹ 19.8
Dividend Yield 0.00 %
ROCE 18.2 %
ROE 13.1 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 5.93 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 7.84% over last 3 years.
Promoters have pledged 75.3% 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	145.05	117.57	145.18	126.07	168.53	133.47	161.47	119.75	129.13	132.24	142.11	151.42	163.57
	128.28	109.83	132.80	120.37	157.59	124.61	161.27	114.01	128.43	125.36	135.70	135.61	157.13
Operating Profit	16.77	7.74	12.38	5.70	10.94	8.86	0.20	5.74	0.70	6.88	6.41	15.81	6.44
OPM %	11.56%	6.58%	8.53%	4.52%	6.49%	6.64%	0.12%	4.79%	0.54%	5.20%	4.51%	10.44%	3.94%
	1.15	1.22	1.00	3.49	2.28	0.98	11.99	1.56	3.17	0.96	11.09	-4.41	0.81
Interest	5.74	5.87	6.78	6.46	6.54	6.52	5.87	5.49	6.44	6.35	6.44	6.03	6.66
Depreciation	1.29	1.26	1.28	1.22	1.26	1.32	1.23	1.24	1.10	1.07	1.08	1.06	1.13
Profit before tax	10.89	1.83	5.32	1.51	5.42	2.00	5.09	0.57	-3.67	0.42	9.98	4.31	-0.54
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	3.50%	0.00%	0.00%	4.90%	0.00%	0.00%	4.87%	16.67%
	10.89	1.83	5.32	1.51	5.42	1.93	5.09	0.57	-3.85	0.42	9.98	4.10	-0.63
EPS in Rs	1.64	0.28	0.80	0.23	0.82	0.29	0.77	0.09	-0.58	0.06	1.50	0.62	-0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	510	548	572	370	295	314	278	335	474	557	544	589
	588	552	583	409	330	315	295	350	437	521	528	554
Operating Profit	-77	-4	-11	-39	-36	-0	-17	-16	36	37	16	36
OPM %	-15%	-1%	-2%	-10%	-12%	-0%	-6%	-5%	8%	7%	3%	6%
	-105	25	17	7	65	95	8	119	22	8	18	3
Interest	45	49	45	43	49	43	30	31	22	26	24	25
Depreciation	12	12	12	12	9	7	8	5	5	5	5	4
Profit before tax	-240	-39	-52	-87	-28	45	-48	67	31	14	4	9
Tax %	0%	0%	-0%	0%	0%	0%	0%	0%	0%	0%	6%	3%
	-240	-39	-52	-87	-28	45	-48	67	31	14	4	8
EPS in Rs	-45.19	-7.09	-7.88	-13.12	-4.21	6.82	-7.24	10.15	4.68	2.12	0.56	1.26
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:	8%

Compounded Profit Growth
10 Years:	9%
5 Years:	18%
3 Years:	-13%
TTM:	368%

Stock Price CAGR
10 Years:	12%
5 Years:	41%
3 Years:	3%
1 Year:	-8%

Return on Equity
10 Years:	%
5 Years:	3%
3 Years:	8%
Last Year:	13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	-222	-256	5	-81	-158	-114	-33	10	25	16	48	65
	283	332	296	309	266	188	179	142	133	126	116	100
	318	310	366	320	303	347	415	397	388	433	372	401
Total Liabilities	432	441	733	614	478	487	628	616	614	641	602	633
	98	92	416	405	327	322	481	442	439	438	435	437
CWIP	2	0	0	0	0	0	0	1	1	1	0	0
Investments	1	1	1	1	1	1	2	2	2	2	2	2
	331	348	316	207	149	164	145	171	172	201	165	194
Total Assets	432	441	733	614	478	487	628	616	614	641	602	633

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-45	-23	31	23	1	34	30	35	7	37	36
	-2	19	2	5	62	69	6	103	2	-2	-1
	10	8	-40	-27	-66	-107	-34	-109	-33	-31	-35
Net Cash Flow	-37	3	-7	-0	-2	-4	1	29	-24	4	0
Free Cash Flow	-43	-24	30	27	59	110	31	70	10	34	32
CFO/OP	58%	550%	-283%	-54%	-6%	-10,771%	-167%	-230%	22%	96%	234%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	118	112	91	67	53	63	63	42	42	56	39	52
Inventory Days	84	87	64	70	78	86	75	71	61	46	45	48
Days Payable	171	164	170	189	200	216	252	227	187	174	171	164
Cash Conversion Cycle	32	36	-15	-52	-69	-66	-114	-114	-84	-71	-87	-64
Working Capital Days	-123	-106	-174	-363	-443	-381	-517	-402	-241	-196	-195	-164
ROCE %	-27%	-10%	-4%	-14%	-17%	1%	-13%	-1%	21%	18%	8%	18%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

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Mar 2024

Mar 2025

Revenue from Sale of Products: Power Generation & Distribution (Transformers, etc.)
INR Lakhs ・Standalone data

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Revenue from Sale of Products: Rotating Machines Group (Motors, Alternators, etc.)
INR Lakhs ・Standalone data

Total Permanent Employees
Number ・Standalone data

Bank Limit Utilization (Average for 12 months)
Percentage

EV Motor Business Revenue
INR Crores

Number of Factory Locations
Number ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	49.51%	49.51%	49.51%	49.51%	49.51%	49.51%	49.60%	49.60%	49.60%	49.60%	49.60%	49.74%
	4.16%	3.83%	3.83%	3.85%	4.17%	4.03%	4.33%	3.97%	3.85%	4.02%	3.86%	4.02%
	1.55%	2.25%	2.11%	1.73%	1.61%	1.43%	1.21%	1.19%	1.19%	1.19%	1.19%	1.19%
	44.78%	44.41%	44.54%	44.90%	44.71%	45.03%	44.87%	45.24%	45.36%	45.20%	45.34%	45.05%
No. of Shareholders	65,238	67,454	72,766	80,248	83,876	88,712	88,482	88,565	87,967	86,293	86,080	85,217

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

* 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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