Kirloskar Electric Company Ltd

Kirloskar Electric Company Ltd

₹ 120 6.97%
22 Apr 12:29 p.m.
About

Kirloskar Electric Company Ltd, established in 1946, is an electrical engineering company that produces AC Motors, DC Motors, Transformers, Switchgear, and Electronics. It caters to core sectors like power generation, transmission and distribution, transportation, renewable energy, sugar, steel, cement, and allied industries. [1] [2]

Key Points

Product Portfolio[1]
KECL is one of the leading manufacturers and suppliers of motors that are used in electric vehicles. It is also one of the leading manufacturers of Electrical Capital goods such as AC Motors, Generators, DC Machines, Transformers, and switchgear.

  • Market Cap 800 Cr.
  • Current Price 120
  • High / Low 164 / 86.2
  • Stock P/E 40.9
  • Book Value 14.9
  • Dividend Yield 0.00 %
  • ROCE 21.1 %
  • ROE 29.0 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 8.11 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.04% over past five years.
  • Promoters have pledged 75.7% of their holding.

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
77.13 88.76 61.59 85.88 82.10 105.10 102.26 110.49 115.75 145.05 117.57 145.18 126.07
80.82 90.17 70.26 90.52 84.20 105.39 102.32 98.54 108.10 128.28 109.83 132.80 120.37
Operating Profit -3.69 -1.41 -8.67 -4.64 -2.10 -0.29 -0.06 11.95 7.65 16.77 7.74 12.38 5.70
OPM % -4.78% -1.59% -14.08% -5.40% -2.56% -0.28% -0.06% 10.82% 6.61% 11.56% 6.58% 8.53% 4.52%
1.52 4.83 0.44 1.83 0.50 116.25 2.37 15.82 2.91 1.15 1.22 1.00 3.49
Interest 7.54 6.83 6.78 7.13 7.95 8.87 5.79 5.00 5.95 5.74 5.87 6.78 6.46
Depreciation 1.56 3.65 1.28 1.30 1.32 1.30 1.23 1.25 1.23 1.29 1.26 1.28 1.22
Profit before tax -11.27 -7.06 -16.29 -11.24 -10.87 105.79 -4.71 21.52 3.38 10.89 1.83 5.32 1.51
Tax % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
-11.27 -7.06 -16.29 -11.24 -10.87 105.79 -4.71 21.52 3.38 10.89 1.83 5.32 1.51
EPS in Rs -1.70 -1.06 -2.45 -1.69 -1.64 15.93 -0.71 3.24 0.51 1.64 0.28 0.80 0.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,091 1,073 991 510 548 572 370 295 314 278 335 474 534
1,027 1,069 1,048 588 552 583 409 330 315 295 350 437 491
Operating Profit 64 4 -57 -77 -4 -11 -39 -36 -0 -17 -16 36 43
OPM % 6% 0% -6% -15% -1% -2% -10% -12% -0% -6% -5% 8% 8%
10 12 29 -105 25 17 7 65 95 8 119 22 7
Interest 46 41 49 45 49 45 43 49 43 30 31 22 25
Depreciation 25 24 20 12 12 12 12 9 7 8 5 5 5
Profit before tax 3 -49 -97 -240 -39 -52 -87 -28 45 -48 67 31 20
Tax % 2% -5% 1% -0% -0% 0% -0% -0% -0% -0% -0% -0%
3 -51 -97 -240 -39 -52 -87 -28 45 -48 67 31 20
EPS in Rs 0.66 -9.64 -18.65 -45.19 -7.09 -7.88 -13.12 -4.21 6.82 -7.24 10.15 4.68 2.95
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -8%
5 Years: 5%
3 Years: 15%
TTM: 23%
Compounded Profit Growth
10 Years: 10%
5 Years: 18%
3 Years: 37%
TTM: -84%
Stock Price CAGR
10 Years: 15%
5 Years: 47%
3 Years: 105%
1 Year: 21%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 51 51 51 53 56 66 66 66 66 66 66 66 66
Reserves 183 134 72 -222 -256 5 -81 -158 -114 -33 10 25 33
Preference Capital -0 -0 -0 16 8 -0 -0 -0 -0 -0 -0 -0
279 293 333 267 324 296 309 266 188 179 142 133 127
420 434 488 334 318 366 320 303 347 415 397 388 400
Total Liabilities 933 912 942 432 441 733 614 478 487 628 616 614 626
327 314 337 98 92 416 405 327 322 481 442 439 438
CWIP 6 4 2 2 0 -0 0 0 0 0 1 1 1
Investments 2 2 2 1 1 1 1 1 1 2 2 2 2
597 592 601 331 348 316 207 149 164 145 171 172 184
Total Assets 933 912 942 432 441 733 614 478 487 628 616 614 626

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 22 42 -45 -23 31 23 1 34 30 35 7
-6 -7 -4 -2 19 2 5 62 69 6 103 2
-35 -25 -10 10 8 -40 -27 -66 -107 -34 -109 -33
Net Cash Flow -10 -9 28 -37 3 -7 -0 -2 -4 1 29 -24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 79 83 74 118 112 91 67 53 63 63 42 42
Inventory Days 116 111 121 84 87 64 70 78 86 75 71 61
Days Payable 127 138 161 171 164 170 189 200 216 252 227 187
Cash Conversion Cycle 67 57 34 32 36 -15 -52 -69 -66 -114 -114 -84
Working Capital Days 21 21 -3 -11 -10 -79 -193 -298 -233 -313 -247 -138
ROCE % 9% -2% -13% -27% -10% -4% -14% -17% 1% -13% -1% 21%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51%
0.71% 0.71% 0.71% 0.71% 0.71% 4.02% 4.30% 4.29% 4.16% 3.83% 3.83% 3.85%
4.88% 3.57% 3.39% 2.41% 1.77% 1.63% 1.62% 1.64% 1.55% 2.25% 2.11% 1.73%
44.90% 46.21% 46.39% 47.37% 48.01% 44.84% 44.57% 44.55% 44.78% 44.41% 44.54% 44.90%
No. of Shareholders 54,79755,75357,35857,90158,39360,22761,24362,21265,23867,45472,76680,248

* 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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