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 ₹ 12,699 Cr.
- Current Price ₹ 1,599
- High / Low ₹ 2,476 / 1,422
- Stock P/E 30.7
- Book Value ₹ 278
- Dividend Yield 0.44 %
- ROCE 27.6 %
- ROE 21.6 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 41.9% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 7.46% 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,675 | 2,713 | 2,642 | 2,526 | 2,775 | 3,349 | 3,135 | 2,717 | 3,058 | 3,730 | 4,001 | 4,492 | 4,404 | |
| 2,467 | 2,520 | 2,567 | 2,431 | 2,625 | 3,221 | 2,928 | 2,475 | 2,852 | 3,330 | 3,481 | 3,883 | 3,853 | |
| Operating Profit | 208 | 193 | 75 | 95 | 151 | 128 | 207 | 241 | 206 | 400 | 520 | 609 | 551 |
| OPM % | 8% | 7% | 3% | 4% | 5% | 4% | 7% | 9% | 7% | 11% | 13% | 14% | 13% |
| 3 | 15 | 27 | 31 | 21 | 23 | 37 | 53 | 32 | 22 | 65 | 64 | 61 | |
| Interest | 51 | 50 | 51 | 45 | 40 | 47 | 52 | 44 | 33 | 35 | 26 | 25 | 27 |
| Depreciation | 55 | 95 | 66 | 65 | 59 | 64 | 71 | 68 | 70 | 69 | 78 | 89 | 96 |
| Profit before tax | 105 | 63 | -15 | 16 | 73 | 41 | 121 | 182 | 135 | 318 | 481 | 559 | 490 |
| Tax % | 38% | 28% | -25% | 111% | 37% | 113% | 44% | 15% | 40% | 29% | 29% | 28% | |
| 65 | 45 | -23 | 4 | 50 | 3 | 72 | 161 | 94 | 236 | 350 | 419 | 403 | |
| EPS in Rs | 8.07 | 5.18 | -3.04 | 0.48 | 6.22 | 0.44 | 9.05 | 20.29 | 11.88 | 29.59 | 43.84 | 52.29 | 50.26 |
| Dividend Payout % | 31% | 10% | -16% | 207% | 40% | 570% | 28% | 15% | 25% | 15% | 14% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 14% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 42% |
| 3 Years: | 65% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 59% |
| 3 Years: | 64% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 18% |
| 3 Years: | 21% |
| Last Year: | 22% |
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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 980 | 996 | 907 | 882 | 927 | 893 | 927 | 1,089 | 1,162 | 1,388 | 1,703 | 2,077 | 2,192 |
| 297 | 355 | 362 | 359 | 346 | 380 | 578 | 331 | 396 | 286 | 192 | 182 | 219 | |
| 1,283 | 1,258 | 1,166 | 1,194 | 1,266 | 1,377 | 1,327 | 1,279 | 1,289 | 1,326 | 1,413 | 1,391 | 1,352 | |
| Total Liabilities | 2,576 | 2,625 | 2,450 | 2,451 | 2,555 | 2,666 | 2,848 | 2,715 | 2,862 | 3,016 | 3,325 | 3,666 | 3,778 |
| 543 | 571 | 501 | 480 | 461 | 457 | 501 | 481 | 532 | 532 | 634 | 655 | 669 | |
| CWIP | 10 | 12 | 6 | 4 | 13 | 25 | 51 | 73 | 27 | 82 | 32 | 34 | 52 |
| Investments | 12 | 0 | 43 | 46 | 49 | 57 | 104 | 195 | 333 | 317 | 410 | 619 | 649 |
| 2,011 | 2,042 | 1,901 | 1,921 | 2,031 | 2,127 | 2,191 | 1,966 | 1,970 | 2,085 | 2,249 | 2,358 | 2,408 | |
| Total Assets | 2,576 | 2,625 | 2,450 | 2,451 | 2,555 | 2,666 | 2,848 | 2,715 | 2,862 | 3,016 | 3,325 | 3,666 | 3,778 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 189 | 127 | 97 | 100 | 110 | 62 | 305 | 317 | 114 | 329 | 376 | 386 | |
| -74 | -134 | -47 | -35 | -44 | -57 | -172 | -145 | -183 | -73 | -184 | -236 | |
| -112 | -2 | -50 | -58 | -52 | -23 | 125 | -315 | 30 | -169 | -147 | -92 | |
| Net Cash Flow | 3 | -9 | -0 | 8 | 14 | -19 | 259 | -143 | -39 | 87 | 45 | 57 |
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 | 93 | 106 | 78 | 77 | 71 | 66 | 57 | 62 | 62 | 48 | 48 | 40 |
| Inventory Days | 66 | 86 | 99 | 122 | 130 | 123 | 137 | 152 | 140 | 133 | 157 | 142 |
| Days Payable | 140 | 158 | 147 | 155 | 144 | 135 | 119 | 138 | 128 | 112 | 122 | 100 |
| Cash Conversion Cycle | 19 | 33 | 30 | 43 | 58 | 55 | 75 | 76 | 73 | 69 | 83 | 82 |
| Working Capital Days | 33 | 36 | 25 | 21 | 36 | 26 | -5 | 14 | 20 | 28 | 36 | 37 |
| ROCE % | 13% | 9% | 3% | 5% | 9% | 7% | 12% | 15% | 11% | 22% | 27% | 28% |
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI Listing Regulations, 2015
19 Feb - NSE Sustainability assigned ESG rating 67 ('Aspiring') to Kirloskar Brothers based on FY2024-25 disclosures (published Feb 19, 2026).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Feb - Disclosure under Regulation 30 of SEBI Listing Regulations, 2015.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Feb - Q3 FY26 call: Consolidated revenue Rs1,116cr; 9M Rs3,123cr; domestic orderbook Rs2,438cr.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Feb - Of newspaper publication pertaining to unaudited financial results for the quarter ended December 31, 2025, under Regulation 30 of the SEBI Listing Regulations, 2015
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Audio recording of conference call on unaudited results for quarter and nine months ended Dec 31, 2025 uploaded.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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May 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptPPT
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Oct 2015TranscriptPPT
Product Offerings[1]
The company has 250+ product categories with 100,000+ SKUs catering to 12+ industries and 2500+ customers.