Kirloskar Oil Engines Ltd

Kirloskar Oil Engines is engaged in the business of manufacturing of engines, generating sets, pump sets and power tillers and spares thereof.(Source : 201903 Annual Report Page No: 126)

  • Market Cap: 1,549 Cr.
  • Current Price: 107.10
  • 52 weeks High / Low 195.00 / 70.05
  • Book Value: 126.56
  • Stock P/E: 14.92
  • Dividend Yield: 3.73 %
  • ROCE: 10.36 %
  • ROE: 7.74 %
  • Sales Growth (3Yrs): 2.52 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company is virtually debt free.
Stock is trading at 0.85 times its book value
Company has been maintaining a healthy dividend payout of 38.08%
Cons:
The company has delivered a poor growth of 2.79% over past five years.
Company has a low return on equity of 8.73% for last 3 years.
Earnings include an other income of Rs.49.03 Cr.

Peer comparison Sector: Capital Goods-Non Electrical Equipment // Industry: Engines

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
647 685 791 820 762 774 848 765 683 721 711 320
590 620 713 738 696 708 711 692 640 665 643 325
Operating Profit 57 65 78 82 66 66 137 73 44 56 67 -5
OPM % 9% 9% 10% 10% 9% 9% 16% 10% 6% 8% 9% -1%
Other Income 16 22 14 13 16 14 18 11 26 7 11 5
Interest 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 28 28 25 20 18 17 17 17 16 17 16 15
Profit before tax 44 58 67 74 63 62 137 67 52 45 61 -15
Tax % 32% 31% 33% 33% 34% 32% 33% 34% 29% 6% 23% 28%
Net Profit 30 39 44 50 41 42 92 44 37 43 47 -11
EPS in Rs 2.07 2.73 3.06 3.43 2.85 2.90 6.37 3.05 2.56 2.95 3.22 -0.75
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2,218 2,423 2,326 2,357 2,319 2,507 2,463 2,670 2,832 3,203 2,877 2,436
1,908 2,091 2,022 2,012 2,015 2,259 2,212 2,388 2,567 2,851 2,639 2,273
Operating Profit 311 332 304 345 304 249 251 283 265 351 239 163
OPM % 14% 14% 13% 15% 13% 10% 10% 11% 9% 11% 8% 7%
Other Income 50 8 84 20 38 59 74 83 69 61 57 49
Interest 14 20 16 2 0 0 9 3 3 4 4 4
Depreciation 84 77 91 93 98 102 111 111 109 73 67 64
Profit before tax 263 244 281 271 243 205 205 252 222 336 225 143
Tax % 38% 29% 32% 27% 27% 30% 19% 31% 33% 33% 24%
Net Profit 164 174 192 199 178 143 165 174 150 225 170 115
EPS in Rs 11.28 12.52 12.90 11.49 8.88 9.40 12.01 10.38 15.56 11.78 7.98
Dividend Payout % 36% 34% 30% 36% 41% 51% 44% 42% 48% 32% 34%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:2.63%
5 Years:2.79%
3 Years:2.52%
TTM:-22.67%
Compounded Profit Growth
10 Years:-1.62%
5 Years:2.59%
3 Years:1.96%
TTM:-52.68%
Stock Price CAGR
10 Years:%
5 Years:-17.85%
3 Years:-33.24%
1 Year:-42.93%
Return on Equity
10 Years:11.67%
5 Years:8.88%
3 Years:8.73%
Last Year:7.74%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
29 29 29 29 29 29 29 29 29 29 29
Reserves 651 860 1,004 1,125 1,238 1,313 1,415 1,588 1,608 1,746 1,801
Borrowings 270 249 169 0 0 0 7 12 16 13 16
606 595 566 589 584 591 519 540 605 639 612
Total Liabilities 1,556 1,733 1,768 1,743 1,851 1,932 1,970 2,170 2,259 2,427 2,458
563 591 576 591 543 514 475 440 422 399 362
CWIP 12 9 16 27 42 21 29 15 30 41 74
Investments 200 298 527 418 608 876 793 990 931 994 1,101
780 836 649 707 658 521 673 725 876 993 920
Total Assets 1,556 1,733 1,768 1,743 1,851 1,932 1,970 2,170 2,259 2,427 2,458

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
280 373 216 338 339 98 172 167 146 228
-197 -198 31 -224 -282 81 -190 8 -59 -159
-125 -171 -250 -84 -84 -176 2 -130 -94 -115
Net Cash Flow -42 4 -3 29 -27 3 -15 45 -6 -47

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 26% 21% 25% 20% 14% 13% 13% 11% 17% 10%
Debtor Days 63 58 47 45 28 8 24 27 42 40 46
Inventory Turnover 10.14 10.23 8.96 8.09 9.73 8.28 7.91 7.49 8.27 7.00

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
59.33 59.33 59.33 59.33 59.33 59.34 59.34 59.34 59.44 59.44 59.44 59.44
12.05 10.24 10.21 10.22 10.22 10.21 10.21 10.24 10.26 10.28 10.29 10.28
11.42 13.36 13.69 13.72 13.52 13.50 13.44 12.95 12.94 12.73 12.66 12.57
0.00 0.25 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17.20 16.82 16.51 16.73 16.93 16.95 17.01 17.47 17.36 17.54 17.60 17.70