Kirloskar Oil Engines Ltd
KOEL, one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol and kerosene-based pump sets. It has manufacturing units in Pune, Kagal, and Nashik. The company caters to the agriculture, power generation, and industrial sectors.[1]
- Market Cap ₹ 12,546 Cr.
- Current Price ₹ 864
- High / Low ₹ 1,450 / 544
- Stock P/E 30.2
- Book Value ₹ 205
- Dividend Yield 0.67 %
- ROCE 19.1 %
- ROE 14.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 24.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.2%
Cons
- Company has a low return on equity of 13.7% over last 3 years.
- Promoter holding has decreased over last 3 years: -18.3%
* 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
Sector: Capital Goods-Non Electrical Equipment Industry: Engines
Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Industrials
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,319 | 2,507 | 2,463 | 2,670 | 2,832 | 3,203 | 2,877 | 2,694 | 3,300 | 4,116 | 4,851 | 5,113 | |
2,015 | 2,258 | 2,186 | 2,388 | 2,567 | 2,851 | 2,636 | 2,411 | 3,031 | 3,689 | 4,288 | 4,460 | |
Operating Profit | 304 | 249 | 277 | 283 | 265 | 351 | 242 | 284 | 269 | 427 | 562 | 654 |
OPM % | 13% | 10% | 11% | 11% | 9% | 11% | 8% | 11% | 8% | 10% | 12% | 13% |
38 | 58 | 49 | 83 | 69 | 61 | 54 | 16 | 77 | 27 | 29 | 55 | |
Interest | 0 | 0 | 9 | 3 | 3 | 4 | 4 | 6 | 6 | 5 | 8 | 12 |
Depreciation | 98 | 102 | 111 | 111 | 109 | 73 | 67 | 62 | 77 | 85 | 97 | 117 |
Profit before tax | 243 | 205 | 205 | 252 | 222 | 336 | 225 | 231 | 263 | 364 | 487 | 580 |
Tax % | 27% | 30% | 19% | 31% | 33% | 33% | 24% | 27% | 21% | 26% | 26% | 26% |
178 | 143 | 165 | 174 | 150 | 225 | 170 | 170 | 208 | 270 | 362 | 432 | |
EPS in Rs | 12.34 | 9.90 | 11.43 | 12.01 | 10.38 | 15.56 | 11.78 | 11.74 | 14.38 | 18.67 | 24.95 | 29.75 |
Dividend Payout % | 41% | 51% | 44% | 42% | 48% | 32% | 34% | 34% | 28% | 27% | 24% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 12% |
3 Years: | 16% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 24% |
3 Years: | 38% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 54% |
3 Years: | 79% |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 15% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
Reserves | 1,238 | 1,313 | 1,415 | 1,588 | 1,608 | 1,746 | 1,801 | 1,954 | 2,111 | 2,303 | 2,594 | 2,947 |
0 | 0 | 7 | 12 | 16 | 13 | 16 | 79 | 98 | 81 | 212 | 175 | |
584 | 591 | 519 | 540 | 605 | 639 | 612 | 781 | 775 | 927 | 1,087 | 1,157 | |
Total Liabilities | 1,851 | 1,932 | 1,970 | 2,170 | 2,259 | 2,427 | 2,458 | 2,844 | 3,012 | 3,340 | 3,921 | 4,308 |
543 | 514 | 475 | 440 | 422 | 399 | 362 | 446 | 450 | 425 | 491 | 838 | |
CWIP | 42 | 21 | 29 | 15 | 30 | 41 | 74 | 55 | 39 | 66 | 243 | 69 |
Investments | 608 | 876 | 793 | 990 | 931 | 994 | 1,101 | 1,534 | 1,672 | 1,693 | 1,876 | 1,787 |
658 | 521 | 673 | 725 | 876 | 993 | 920 | 809 | 850 | 1,156 | 1,311 | 1,613 | |
Total Assets | 1,851 | 1,932 | 1,970 | 2,170 | 2,259 | 2,427 | 2,458 | 2,844 | 3,012 | 3,340 | 3,921 | 4,308 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
338 | 339 | 98 | 172 | 167 | 146 | 228 | 526 | 194 | 260 | 434 | 490 | |
-224 | -282 | 81 | -190 | 8 | -59 | -159 | -545 | -899 | -156 | -418 | -313 | |
-84 | -84 | -176 | 2 | -130 | -94 | -115 | 33 | 708 | -101 | 50 | -193 | |
Net Cash Flow | 29 | -27 | 3 | -15 | 45 | -6 | -47 | 14 | 3 | 4 | 66 | -16 |
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 | 28 | 8 | 24 | 27 | 42 | 40 | 46 | 48 | 44 | 41 | 43 | 46 |
Inventory Days | 43 | 39 | 49 | 49 | 53 | 43 | 58 | 56 | 48 | 61 | 59 | 54 |
Days Payable | 88 | 76 | 82 | 77 | 84 | 67 | 68 | 106 | 81 | 83 | 82 | 71 |
Cash Conversion Cycle | -17 | -30 | -10 | -0 | 11 | 16 | 37 | -2 | 11 | 20 | 20 | 29 |
Working Capital Days | -5 | -24 | 9 | 21 | 23 | 13 | 33 | 1 | 8 | 15 | 13 | 38 |
ROCE % | 20% | 14% | 13% | 13% | 11% | 17% | 10% | 12% | 10% | 15% | 18% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Appointment of Mrs. Kiran Khapre as Chief Human Resources Officer effective 19 May 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Term of CHRO George Verghese expired on 18 May 2025; routine management update.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Disclosed investor meetings schedule; no unpublished price sensitive information discussed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Kirloskar Oil Engines held investor meetings; no unpublished price sensitive information disclosed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Kirloskar Oil Engines held investor meetings on 16 May; no unpublished price sensitive info shared.
Annual reports
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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 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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Financial Year 2012
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Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Jul 2020TranscriptPPT
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Jan 2017TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Jan 2016TranscriptPPT
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Oct 2015TranscriptPPT
Products and Brands[1]
B2B Segment
Engines and Gensets, Industrial Engines, Power Solutions for Large / Institutional, Project Clients (Marine, Defence etc), After Sales Support, Retail Channel – Tractor spares, Oil, Batteries.