Kirloskar Oil Engines Ltd

Kirloskar Oil Engines Ltd

₹ 864 -1.66%
21 May 12:41 p.m.
About

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]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
990 953 1,010 1,000 1,153 1,265 1,059 1,135 1,392 1,343 1,194 1,164 1,412
887 850 895 891 1,052 1,110 960 1,002 1,213 1,145 1,029 1,046 1,242
Operating Profit 103 103 115 109 101 154 99 133 179 198 165 118 171
OPM % 10% 11% 11% 11% 9% 12% 9% 12% 13% 15% 14% 10% 12%
60 5 5 6 9 7 6 6 8 11 12 6 29
Interest 2 1 1 2 1 1 2 2 3 3 3 3 4
Depreciation 19 21 21 21 22 21 24 26 26 25 27 32 34
Profit before tax 142 87 98 92 88 139 79 111 158 181 148 89 163
Tax % 16% 26% 26% 26% 26% 26% 26% 26% 26% 26% 25% 27% 26%
120 65 73 68 65 103 59 82 118 135 111 65 121
EPS in Rs 8.27 4.47 5.02 4.71 4.48 7.13 4.04 5.67 8.11 9.29 7.65 4.48 8.34
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.44% 59.44% 59.43% 41.25% 41.23% 41.23% 41.22% 41.21% 41.18% 41.17% 41.17% 41.14%
1.02% 2.64% 3.60% 6.04% 6.17% 7.79% 9.06% 9.77% 9.98% 10.79% 10.99% 9.14%
16.81% 13.55% 14.66% 27.95% 28.57% 24.28% 24.37% 25.17% 25.42% 24.93% 25.04% 26.59%
22.73% 24.38% 22.31% 24.76% 24.03% 26.69% 25.36% 23.86% 23.40% 23.11% 22.81% 23.11%
No. of Shareholders 52,66957,25453,85256,26155,39472,79868,89177,5651,07,3231,21,4811,12,5401,09,948

* 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.

Click on the line-items to see the names of individual entities.

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