Kirloskar Brothers Ltd
Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. [1] [2]
- Market Cap ₹ 14,794 Cr.
 - Current Price ₹ 1,862
 - High / Low ₹ 2,476 / 1,422
 - Stock P/E 63.0
 - Book Value ₹ 213
 - Dividend Yield 0.38 %
 - ROCE 20.8 %
 - ROE 15.8 %
 - Face Value ₹ 2.00
 
Pros
- Company has reduced debt.
 - Company is almost debt free.
 - Company has delivered good profit growth of 24.3% CAGR over last 5 years
 - Company has been maintaining a healthy dividend payout of 21.4%
 
Cons
- Stock is trading at 8.74 times its book value
 - The company has delivered a poor sales growth of 6.71% over past five years.
 
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,745 | 1,611 | 1,639 | 1,735 | 1,935 | 2,223 | 2,097 | 1,800 | 2,166 | 2,540 | 2,720 | 2,901 | 2,817 | |
| 1,598 | 1,524 | 1,573 | 1,629 | 1,800 | 2,061 | 1,926 | 1,626 | 2,009 | 2,294 | 2,378 | 2,542 | 2,487 | |
| Operating Profit | 148 | 87 | 66 | 106 | 135 | 162 | 171 | 173 | 157 | 246 | 342 | 359 | 330 | 
| OPM % | 8% | 5% | 4% | 6% | 7% | 7% | 8% | 10% | 7% | 10% | 13% | 12% | 12% | 
| -2 | 9 | 20 | 18 | 18 | 25 | 19 | 14 | 11 | 18 | 35 | 52 | 58 | |
| Interest | 41 | 41 | 38 | 32 | 25 | 26 | 30 | 24 | 16 | 14 | 6 | 5 | 4 | 
| Depreciation | 35 | 50 | 41 | 40 | 35 | 37 | 40 | 38 | 41 | 42 | 49 | 58 | 61 | 
| Profit before tax | 70 | 6 | 7 | 53 | 92 | 124 | 120 | 125 | 111 | 207 | 322 | 347 | 322 | 
| Tax % | 32% | -54% | -45% | 38% | 29% | 30% | 34% | 25% | 30% | 26% | 25% | 25% | |
| 48 | 8 | 11 | 33 | 66 | 87 | 79 | 93 | 78 | 153 | 243 | 262 | 243 | |
| EPS in Rs | 6.01 | 1.07 | 1.36 | 4.16 | 8.26 | 11.00 | 9.97 | 11.74 | 9.84 | 19.22 | 30.65 | 33.01 | 30.57 | 
| Dividend Payout % | 42% | 47% | 37% | 24% | 30% | 23% | 25% | 26% | 30% | 23% | 20% | 21% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% | 
| 5 Years: | 7% | 
| 3 Years: | 10% | 
| TTM: | -3% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 39% | 
| 5 Years: | 24% | 
| 3 Years: | 38% | 
| TTM: | -16% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% | 
| 5 Years: | 77% | 
| 3 Years: | 75% | 
| 1 Year: | -4% | 
| Return on Equity | |
|---|---|
| 10 Years: | 11% | 
| 5 Years: | 13% | 
| 3 Years: | 16% | 
| Last Year: | 16% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 
| Reserves | 784 | 780 | 790 | 822 | 880 | 924 | 961 | 1,052 | 1,110 | 1,236 | 1,436 | 1,647 | 1,675 | 
| 224 | 238 | 254 | 189 | 165 | 160 | 309 | 143 | 243 | 125 | 50 | 23 | 29 | |
| 906 | 894 | 895 | 917 | 1,004 | 1,073 | 1,053 | 1,037 | 982 | 1,008 | 1,056 | 1,040 | 975 | |
| Total Liabilities | 1,930 | 1,928 | 1,955 | 1,944 | 2,064 | 2,173 | 2,339 | 2,248 | 2,351 | 2,385 | 2,557 | 2,726 | 2,695 | 
| 310 | 310 | 296 | 292 | 281 | 280 | 305 | 299 | 351 | 336 | 430 | 439 | 437 | |
| CWIP | 3 | 7 | 6 | 3 | 12 | 24 | 48 | 72 | 21 | 78 | 24 | 28 | 43 | 
| Investments | 215 | 233 | 239 | 239 | 273 | 298 | 337 | 463 | 565 | 491 | 527 | 737 | 740 | 
| 1,401 | 1,377 | 1,414 | 1,411 | 1,498 | 1,572 | 1,650 | 1,414 | 1,413 | 1,479 | 1,577 | 1,522 | 1,475 | |
| Total Assets | 1,930 | 1,928 | 1,955 | 1,944 | 2,064 | 2,173 | 2,339 | 2,248 | 2,351 | 2,385 | 2,557 | 2,726 | 2,695 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 114 | 108 | 50 | 118 | 148 | 83 | 212 | 243 | 78 | 249 | 211 | 259 | |
| -15 | -71 | -21 | -21 | -60 | -61 | -139 | -178 | -140 | -6 | -86 | -232 | |
| -96 | -44 | -24 | -91 | -52 | -47 | 89 | -199 | 62 | -155 | -122 | -87 | |
| Net Cash Flow | 3 | -7 | 5 | 6 | 36 | -25 | 161 | -134 | -1 | 89 | 3 | -59 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 71 | 89 | 79 | 72 | 72 | 77 | 59 | 71 | 66 | 53 | 60 | 49 | 
| Inventory Days | 44 | 72 | 76 | 95 | 101 | 101 | 132 | 128 | 116 | 109 | 121 | 120 | 
| Days Payable | 126 | 155 | 144 | 151 | 143 | 148 | 142 | 160 | 125 | 113 | 124 | 110 | 
| Cash Conversion Cycle | -10 | 6 | 11 | 15 | 30 | 30 | 49 | 39 | 57 | 49 | 57 | 59 | 
| Working Capital Days | 26 | 23 | 16 | 19 | 34 | 37 | 48 | 11 | 22 | 26 | 36 | 37 | 
| ROCE % | 11% | 5% | 4% | 8% | 11% | 14% | 13% | 12% | 12% | 17% | 22% | 21% | 
Documents
Announcements
- Approval Of The Scheme Of Amalgamation Between Wholly Owned Subsidiaries 2m
 - 
        
          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
          
            9m - Kirloskar Brothers uploaded audio of conference call on unaudited Q2/H1 results for period ended September 30, 2025.
 - Announcement under Regulation 30 (LODR)-Newspaper Publication 6m
 - 
        
          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
          
            23h - Investor Presentation - Conference Call with Analyst scheduled on November 04, 2025
 - 
        
          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
          
            23h - Q2/H1 FY26 unaudited results; orderbook Rs3,564 Cr (as on 30 Sep 2025); conference call Nov 4, 2025.
 
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
- 
      Nov 2025TranscriptNotesPPT
 - 
      Aug 2025Transcript PPT
 - 
      May 2025Transcript PPT
 - 
      Feb 2025Transcript PPT
 - 
      Nov 2024Transcript PPT
 - 
      Aug 2024Transcript PPT
 - 
      May 2024Transcript PPT
 - 
      May 2024TranscriptNotesPPT
 - 
      May 2024TranscriptNotesPPT
 - 
      Feb 2024Transcript PPT
 - 
      Nov 2023Transcript PPT
 - 
      Aug 2023Transcript PPT
 - 
      May 2023Transcript PPT
 - 
      Feb 2023Transcript PPT
 - 
      Nov 2022Transcript PPT
 - 
      Aug 2022TranscriptNotesPPT
 - 
      May 2022TranscriptNotesPPT
 - 
      Feb 2022TranscriptNotesPPT
 - 
      Nov 2021TranscriptNotesPPT
 - 
      Aug 2021TranscriptNotesPPT
 - 
      May 2018TranscriptNotesPPT
 - 
      Nov 2017TranscriptPPT
 - 
      Oct 2015TranscriptPPT
 
Product Offerings[1]
The company has 250+ product categories with 100,000+ SKUs catering to 12+ industries and 2500+ customers.