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 ₹ 13,816 Cr.
- Current Price ₹ 953
- High / Low ₹ 970 / 374
- Stock P/E 35.1
- Book Value ₹ 171
- Dividend Yield 0.52 %
- ROCE 13.4 %
- ROE 14.7 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 25.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 28.2%
Cons
- Stock is trading at 5.59 times its book value
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 11.2% over last 3 years.
- Promoter holding has decreased over last 3 years: -18.2%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|
2,464 | 2,674 | 3,055 | 3,626 | 3,379 | 3,296 | 4,022 | 5,024 | 5,622 | |
2,187 | 2,390 | 2,790 | 3,251 | 3,085 | 2,909 | 3,610 | 4,290 | 4,710 | |
Operating Profit | 277 | 283 | 265 | 376 | 295 | 387 | 412 | 734 | 913 |
OPM % | 11% | 11% | 9% | 10% | 9% | 12% | 10% | 15% | 16% |
49 | 83 | 72 | 63 | 52 | 17 | 27 | 29 | 3 | |
Interest | 9 | 3 | 12 | 13 | 14 | 50 | 106 | 210 | 296 |
Depreciation | 111 | 111 | 123 | 94 | 87 | 84 | 101 | 105 | 114 |
Profit before tax | 205 | 253 | 203 | 331 | 245 | 270 | 232 | 449 | 506 |
Tax % | 19% | 31% | 33% | 34% | 23% | 27% | 26% | 26% | |
165 | 174 | 136 | 220 | 188 | 197 | 171 | 332 | 372 | |
EPS in Rs | 11.44 | 12.02 | 9.66 | 15.16 | 12.81 | 13.48 | 12.07 | 22.96 | 25.70 |
Dividend Payout % | 44% | 42% | 52% | 33% | 31% | 30% | 33% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 14% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 27% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 42% |
3 Years: | 79% |
1 Year: | 134% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
Reserves | 1,415 | 1,588 | 1,547 | 1,670 | 1,716 | 1,893 | 2,053 | 2,275 | 2,444 |
7 | 12 | 142 | 90 | 189 | 849 | 1,965 | 3,244 | 3,328 | |
519 | 541 | 783 | 807 | 825 | 1,026 | 975 | 1,169 | 1,215 | |
Total Liabilities | 1,970 | 2,170 | 2,500 | 2,595 | 2,759 | 3,797 | 5,021 | 6,717 | 7,017 |
475 | 440 | 702 | 663 | 623 | 698 | 721 | 689 | 781 | |
CWIP | 29 | 15 | 30 | 41 | 78 | 55 | 43 | 69 | 44 |
Investments | 791 | 988 | 675 | 711 | 433 | 834 | 738 | 658 | 263 |
674 | 727 | 1,093 | 1,180 | 1,626 | 2,210 | 3,519 | 5,302 | 5,928 | |
Total Assets | 1,970 | 2,170 | 2,500 | 2,595 | 2,759 | 3,797 | 5,021 | 6,717 | 7,017 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
99 | 171 | 136 | 192 | -124 | -16 | -1,041 | -920 | |
82 | -190 | 7 | -38 | 233 | -465 | -3 | -145 | |
-176 | 2 | -96 | -153 | -43 | 599 | 950 | 1,182 | |
Net Cash Flow | 6 | -16 | 48 | 1 | 67 | 118 | -93 | 117 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 27 | 48 | 41 | 45 | 49 | 43 | 38 |
Inventory Days | 49 | 49 | 64 | 49 | 69 | 68 | 54 | 64 |
Days Payable | 82 | 77 | 91 | 69 | 70 | 106 | 80 | 79 |
Cash Conversion Cycle | -10 | -0 | 21 | 21 | 43 | 10 | 17 | 23 |
Working Capital Days | 8 | 21 | 33 | 19 | 56 | 47 | 94 | 108 |
ROCE % | 13% | 10% | 17% | 12% | 13% | 10% | 13% |
Documents
Announcements
- Closure of Trading Window 1d
- Board Meeting Intimation for Notice Of Board Meeting 1d
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2020
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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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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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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.