Kirloskar Brothers Ltd

Kirloskar Brothers Ltd

₹ 1,198 2.16%
19 Apr - close price
About

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]

Key Points

Product Offerings[1]
The company has 250+ product categories with 100,000+ SKUs catering to 12+ industries and 2500+ customers.

  • Market Cap 9,509 Cr.
  • Current Price 1,198
  • High / Low 1,241 / 399
  • Stock P/E 32.6
  • Book Value 185
  • Dividend Yield 0.38 %
  • ROCE 21.7 %
  • ROE 18.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 36.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.4%

Cons

  • The company has delivered a poor sales growth of 6.09% 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.

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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
761 859 627 751 725 954 784 864 958 1,125 900 913 965
666 770 601 715 682 860 743 801 808 980 790 818 841
Operating Profit 95 89 26 36 43 95 41 63 149 145 110 95 124
OPM % 13% 10% 4% 5% 6% 10% 5% 7% 16% 13% 12% 10% 13%
12 21 17 3 16 4 7 4 -0 13 10 2 16
Interest 8 9 8 7 10 8 7 8 12 8 8 6 5
Depreciation 17 17 16 15 20 17 16 17 18 18 18 19 21
Profit before tax 82 85 18 16 29 73 24 42 119 132 95 72 114
Tax % 15% 8% 40% 76% 31% 35% 38% 29% 25% 31% 30% 34% 27%
70 83 12 6 22 55 16 31 89 101 64 51 82
EPS in Rs 8.88 10.44 1.52 0.76 2.73 6.86 1.94 3.87 11.17 12.62 8.02 6.35 10.31
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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
2,541 2,594 2,675 2,713 2,642 2,526 2,775 3,349 3,135 2,717 3,058 3,730 3,902
2,402 2,384 2,467 2,520 2,567 2,431 2,625 3,221 2,928 2,475 2,852 3,330 3,428
Operating Profit 139 210 208 193 75 95 151 128 207 241 206 400 474
OPM % 5% 8% 8% 7% 3% 4% 5% 4% 7% 9% 7% 11% 12%
45 6 3 15 27 31 21 23 37 53 32 22 42
Interest 63 55 51 50 51 45 40 47 52 44 33 35 26
Depreciation 46 49 55 95 66 65 59 64 71 68 70 69 76
Profit before tax 75 112 105 63 -15 16 73 41 121 182 135 318 414
Tax % 33% 41% 38% 28% 25% 111% 37% 113% 44% 15% 40% 29%
51 66 65 45 -23 4 50 3 72 161 94 236 298
EPS in Rs 6.15 8.31 8.07 5.18 -3.04 0.48 6.22 0.44 9.05 20.29 11.88 29.59 37.30
Dividend Payout % 35% 24% 31% 10% -16% 207% 40% 570% 28% 15% 25% 15%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 6%
TTM: 10%
Compounded Profit Growth
10 Years: 13%
5 Years: 37%
3 Years: 49%
TTM: 51%
Stock Price CAGR
10 Years: 22%
5 Years: 47%
3 Years: 73%
1 Year: 177%
Return on Equity
10 Years: 7%
5 Years: 11%
3 Years: 14%
Last Year: 18%

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 16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 866 915 980 996 907 882 927 893 927 1,089 1,162 1,388 1,456
376 334 297 355 362 359 346 380 578 331 396 286 198
1,133 1,136 1,283 1,258 1,166 1,194 1,266 1,377 1,327 1,279 1,289 1,326 1,261
Total Liabilities 2,390 2,401 2,576 2,625 2,450 2,451 2,555 2,666 2,848 2,715 2,862 3,016 2,931
490 533 543 571 501 480 461 457 501 481 532 532 600
CWIP 43 17 10 12 6 4 13 25 51 73 27 82 46
Investments 2 4 12 0 43 46 49 57 104 195 333 317 302
1,856 1,847 2,011 2,042 1,901 1,921 2,031 2,127 2,191 1,966 1,970 2,085 1,983
Total Assets 2,390 2,401 2,576 2,625 2,450 2,451 2,555 2,666 2,848 2,715 2,862 3,016 2,931

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
97 190 189 127 97 100 110 62 305 317 114 329
-2 -64 -74 -134 -47 -35 -44 -57 -172 -145 -183 -73
-136 -93 -112 -2 -50 -58 -52 -23 125 -315 30 -169
Net Cash Flow -41 33 3 -9 -0 8 14 -19 259 -143 -39 87

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 74 79 93 106 78 77 71 66 57 62 62 48
Inventory Days 84 86 66 86 99 122 130 123 137 152 140 133
Days Payable 132 140 140 158 147 155 144 135 119 138 128 115
Cash Conversion Cycle 26 26 19 33 30 43 58 55 75 76 73 66
Working Capital Days 78 69 68 76 67 65 69 59 46 46 51 42
ROCE % 9% 14% 13% 9% 3% 5% 9% 7% 12% 15% 11% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95%
1.40% 1.42% 1.48% 1.67% 1.67% 1.53% 1.56% 1.59% 1.78% 3.50% 3.88% 4.11%
10.12% 9.53% 9.05% 9.05% 9.02% 9.01% 8.95% 9.27% 8.98% 9.31% 9.40% 9.77%
22.52% 23.10% 23.52% 23.33% 23.36% 23.52% 23.55% 23.18% 23.29% 21.23% 20.77% 20.18%
No. of Shareholders 22,58722,45122,35622,52522,52122,99525,39725,30134,53241,23840,36343,058

* 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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