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 ₹ 5,799 Cr.
- Current Price ₹ 400
- High / Low ₹ 443 / 124
- Stock P/E 17.5
- Book Value ₹ 159
- Dividend Yield 1.00 %
- ROCE 13.7 %
- ROE 15.1 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 26.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.6%
Cons
- Stock is trading at 2.52 times its book value
- Promoter holding has decreased over last quarter: -18.2%
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 11.4% over last 3 years.
- Working capital days have increased from 96.5 days to 149 days
* 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 | |
---|---|---|---|---|---|---|---|---|
2,464 | 2,674 | 3,055 | 3,626 | 3,379 | 3,296 | 4,022 | 5,024 | |
2,187 | 2,390 | 2,790 | 3,251 | 3,085 | 2,909 | 3,610 | 4,290 | |
Operating Profit | 277 | 283 | 265 | 376 | 295 | 387 | 412 | 734 |
OPM % | 11% | 11% | 9% | 10% | 9% | 12% | 10% | 15% |
49 | 83 | 72 | 63 | 52 | 17 | 27 | 29 | |
Interest | 9 | 3 | 12 | 13 | 14 | 50 | 106 | 210 |
Depreciation | 111 | 111 | 123 | 94 | 87 | 84 | 101 | 105 |
Profit before tax | 205 | 253 | 203 | 331 | 245 | 270 | 232 | 449 |
Tax % | 19% | 31% | 33% | 34% | 23% | 27% | 26% | 26% |
Net Profit | 165 | 174 | 136 | 220 | 188 | 197 | 171 | 332 |
EPS in Rs | 11.44 | 12.02 | 9.66 | 15.16 | 12.81 | 13.48 | 12.07 | 22.96 |
Dividend Payout % | 44% | 42% | 52% | 33% | 31% | 30% | 33% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 14% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 28% |
TTM: | 103% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 4% |
3 Years: | 57% |
1 Year: | 165% |
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 | |
---|---|---|---|---|---|---|---|---|
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 |
7 | 12 | 142 | 90 | 189 | 849 | 1,965 | 3,244 | |
519 | 541 | 783 | 807 | 825 | 1,026 | 975 | 1,177 | |
Total Liabilities | 1,970 | 2,170 | 2,500 | 2,595 | 2,759 | 3,797 | 5,021 | 6,725 |
475 | 440 | 702 | 663 | 623 | 698 | 721 | 739 | |
CWIP | 29 | 15 | 30 | 41 | 78 | 55 | 43 | 18 |
Investments | 791 | 988 | 675 | 711 | 433 | 834 | 738 | 658 |
674 | 727 | 1,093 | 1,180 | 1,626 | 2,210 | 3,519 | 5,310 | |
Total Assets | 1,970 | 2,170 | 2,500 | 2,595 | 2,759 | 3,797 | 5,021 | 6,725 |
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 | -144 | |
-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 | 149 |
ROCE % | 13% | 10% | 17% | 12% | 13% | 10% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Correspondence related to Intimation of Schedule of Analyst/Financial Institution/Investors Meetings. You are kindly requested to take the same on record.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Correspondence related to Intimation of Schedule of Analyst/Financial Institution/Investors Meetings. You are kindly requested to take the same on record.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 May - Thereunder and in continuation of earlier communication vide letter dated 11th May 2023 and 19th May 2023, we hereby inform that the Transcript of the …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 May - In terms of SEBI Circular No. CIR/CFD/CMD1/27/2019 dated 8th February 2019 and pursuant to Regulation 24A(2) of the SEBI (LODR), Regulations, 2015, including amendments thereunder, …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 May - Thereunder, please find enclosed herewith copies of the Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended 31st March …
Annual reports
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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 2019
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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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Financial Year 2011
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Concalls
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Oct 2020TranscriptPPT
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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
Market Position
India’s largest Industrial Engine manufacturer with over 40,000 engines manufactured annually. [1]
India’s largest diesel Agri engines and pump sets manufacturer with over 1,45,000 units manufactured annually. [2]